The Top Five Richest People Alive
When you look at random facts, you would never guess who these people actually are. Two of them actually dropped out of Harvard, for example. However, that did nothing to stop them from making their way onto this list. After all, they are among the five richest people in the world. According to the 2018 Forbes Magazine’s list of billionaires, these people have the deepest pockets in the world. 5. Mark Zuckerberg With a net worth of over 71 billion dollars, Mark Zuckerberg is the second most successful Harvard dropout ever. Namely, while he...
read moreValue Investing: A Guide for Beginners
Isn’t every investor a value investor? After all, who wants to buy stocks which have no value? Well, probably no one. However, what we are referring to as value investing, in this case, is a particular approach to selecting stocks. In other words, it’s an investing philosophy. Value investing is about finding stocks that are actually worth more than their current value on the market. The Value Investor So what makes a value investor different than any other type of stock investor? A value investor is primarily concerned with the actual...
read moreA BARGAIN PRICED DIVIDEND STOCK FOR THE BUY LIST
As you’ve undoubtedly heard, this has not been a good year for the markets so far with the S&P hitting correction levels. But rather than panic, I’m treating this downturn as an opportunity to pick up some bargain stock investments. And one of the stocks currently at the top of my buy list is UBS Group AG (UBS), which presents a strong dividend income opportunity. UBS Group is a large financial services holding company headquartered in Switzerland. The company operates globally across five business segments: Wealth Management, Wealth...
read moreWHAT ARE DIVIDENDS? WHY THEY DESERVE A LOOK IN THE MARKET DOWNTURN
The market’s messy start to the year doesn’t appear to be improving any time soon. As we discussed, staying put might be your best strategy. However, diving stock prices might also be a good time to hunt for bargains. Dividend paying stocks can be a great place to start given the reassurance their regular payments give amid the market volatility. Dividends are cash payments some companies make to their investors, usually once a quarter. Dividends are a company’s way of re-distributing their earnings and cash back to their investors. You can...
read moreSTRATEGIES TO MANAGE STOCK MARKET VOLATILITY
2016 has not been a good year in the market so far (thanks, China). The opening week of 2016 was Wall Street’s worst opening week ever, with prices continuing to decline this week. You might be wondering: what’s an average investor supposed to do in response to this stock market volatility? In a lot of ways, this is similar to the drop we saw in August, when fears over the Chinese economy caused a correction in the US stock market (the first 10%-plus drop in four years). And my number one piece of general advice is going to be the same as it...
read more10 MONEY SAVING LIFE HACKS
As you know, I love saving money. And saving time is always an added bonus (time is money after all…). But saving time AND money? Even better. Here are 10 money saving life hacks to save you both. Grow a herb garden Buying potted herb plants to keep in my kitchen has been one of my favorite new money saving habits! My kitchen smells great, and whenever I need fresh herbs for a recipe, I simply snatch some off of my plants. It saves me money because I’m not constantly buying fresh herbs that spoil quickly (they aren’t cheap) and saves me trips...
read moreFINANCE FAQ: WHAT’S AN ETF?
Finance FAQ is a series here on TDT all about answering those pesky financial questions that you have, but feel like you should already know the answer to. Today’s question: What’s an ETF? Or, as my friend said last year (thanks for the post idea!), “I have no idea what an EFT is!” The short definition: An ETF is a group of investment assets that track a market index. It’s built like a mutual fund but trades like an individual stock. The long explanation: ETF stands for exchange traded fund. An ETF trades on the stock exchanges, like stocks...
read moreTHE HUGE MISTAKE YOU COULD BE MAKING WITH YOUR 401K – AND HOW TO FIX IT QUICKLY
It’s your last day of work. You say your goodbyes, eat your farewell cake, and pack up your desk. But if you don’t rollover your old 401k too, you might be making a big financial mistake. You actually have a few options for your retirement account when you leave your employer. Most companies, but not all, allow you to keep your retirement savings in their plans after you leave. So you could in theory walk away without giving a thought to your 401k. But that would be a costly mistake. First of all, there’s something to be said for...
read moreTHE THREE STEPS TO CREATING A BUDGET YOU CAN STICK TO
Creating a budget. I realize that sounds like a torturous prospect for many of you. But ultimately, a budget is one of the best tools you can use to master your finances and make the most of your money. So today I’m showing you exactly how to set up a pain-free budget using three simple steps. Understand Your Current Spending Habits Setting up a new budget without understanding your past spending is a recipe for failure. After all, would you give someone directions to a destination without knowing their starting point? That’s why I think you...
read more