Avoid the Three Biggest Financial Pitfalls For the average person and/or family, the three biggest financial pitfalls to avoid are new vehicles, credit car interest, and short-term loans Any and all of these can drain a person's or family's coffers of much needed funds At best, they create opportunity costs, ie, money spent on them could be better spent on sound investments like a home or stocks (both of which appreciate in value over the long term) or on college ...

How to Construct A Powerful Profit Pulling Business Portfolio What is a portfolio and do I really need one? A portfolio is simply a group of investments held by an investor It’s a very carefully chosen selection of businesses and generally, yes; it’s a good idea to have oneLets look at it this way Imagine that you owned an umbrella shop If it didn’t rain for several weeks, you would make no sales at all and therefore, you would make ...

I Bonds: Higher Interest, Safe as CDs and Money Market Funds By this stage of your life, you have all heard the sage advice to save money for an emergency fund Most financial articles and planners advocate keeping between six to twelve months of after-tax income in a money market or similar cash equivalent accountEmergency money provides a safety cushion to absorb the unexpected surprises of life Preservation and liquidity of these funds are of paramount importance You must be ...

The Definition Of Asset Management Many of you have probably heard the term "asset management" Before, but you may not have an idea of what it really is Asset management is a broad term It can be defined as a process that guides the gaining of assets, along with their use and disposal in order to make the most of the assets and their potential throughout the life of the assets While doing this, it also manages and maintains any ...

Understanding The Money Market The money market is one of the safest financial markets available It is commonly used by large corporations, financial institutions and governments to secure their money resources for a short period of time They are often compared to the bond They are secure investments that are specialized The main difference, though, in a bond and a money market is that the money market is usually for a very short period of time, usually under a year ...