Getting started in investing can be nerve-wracking, but it doesn’t have to be! If you know the pitfalls to avoid, you’ll have the ability to invest with confidence. That’s why today, we’re going to talk about the most common pitfalls beginner investors get sucked into so that you know exactly what to avoid. Pitfall #1:…
By now you have probably already weighed the tax benefits of traditional and Roth IRA retirement accounts and decided what is best for your retirement needs. You already know that in a Roth IRA you make contributions after your income has been fully taxed. However, when you withdraw from your retirement nest egg, no tax…
Sitting down and creating a budget is just about the least sexy thing you could ever do. It’s certainly a lot more fun to spend money with abandon, then deal with the consequences later. But it can be empowering to know how much you have to spend on various things each month, and to not…
If you are a senior citizen and find yourself in need of extra cash, the last thing you might want to do is take out a regular mortgage on your home, especially since you would have to make monthly payments that you may not be able to afford. But you do have other options. One…
Whether you are dreaming of being a snowbird on your favorite Mediterranean beach, retiring somewhere with a lower cost of living or just capitalizing on a hot but inexpensive housing market, investing in foreign property is a great way to diversify your financial portfolio and own a vacation home. But before you take the leap,…
There are many different investment options available. Some of them include conventional stocks, bonds, commodities, indices, and Forex. These options fit snugly into a contrarian investment proposition known as a CFD. Put simply, a CFD is a contract for difference. It is a derivatives trading instrument available through online brokers and it supports a wide…