Key Ideas for Wealth Building Success
Posted on:From listening to the media and online commentators, we have identified two key observations that can impact your efforts to build assets and wealth over time. The first is the way many individual investors place one-way bets on their market investments. As long as the investment is making money, all is good. But the minute the investment sinks for a couple of days or goes negative (relative to…
Read MoreThe Power of Time and Patience
Posted on:It's challenging to be patient in a fast-paced, immediate gratification world, but some things are worth the wait. Consider, for example, how a powerful financial reality (compound interest) can help investors accumulate a lot of assets over time to reward their patience and perseverance. Here's how it works: You invest $1000 at a 5% annual interest rate. You'll have earned $50 in interest by…
Read MoreLifestyle Choices Can Secure Your Retirement
Posted on:For many nearing retirement, lifestyle choices become more significant in determining their comfort level for the rest of their lives. They must decide whether it is better to make some of those choices now or have their circumstances force lifestyle changes later in retirement. That's the dilemma faced by many people who have come to enjoy their way of life, but now realize that sacrifices will…
Read MoreYear-End Planning Tips
Posted on:Now is usually the best time to consider harvesting tax losses before the year-end to manage your overall income tax situation, based on various types of earned or investment incomes. Investors have a few weeks left to sell unwanted assets like individual stocks, investment fund, cryptos, equity funds, bond funds and so on. The settlement date must occur within the 2022 calendar year or by…
Read MoreBeware of Travel Scams
Posted on:If you are planning a holiday, it is wise to be aware of the six most common travel scams you might encounter on your journey. Travel scams vary from country to country, but a few scams are commonly found almost everywhere. We have put together a list to help you stay safe during your adventure. Taxis Unethical taxi drivers often illegally adjust the metre which results in exorbitant fees for…
Read More