Knowing what your risk tolerance and investment style are will help you choose investments more wisely. While there are many different types of investments that one can make, there are really only three specific investment styles – and those three styles tie in with your risk tolerance. The three investment styles are conservative, moderate, and...
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By Jack Wogan Gold has always been considered a safe and solid asset. Since the beginning of time, it was gold that proved to be the best instrument in ensuring a solid fortune. The amount of gold possessed was an indication of the wealth and power of its owner. Even nowadays, most of the central banks...
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One of the ways to cope with recession is considering a career shift. Not too many people like the idea of changing career plans during a downturn. However, if you have already felt the effect of recession – say you’ve been laid off, why not give a different career path a chance, right? It may not...
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Last week the bond rating agency, Standard & Poors (S & P) downgraded the US Government's debt repayment ability from a perfect AAA to a notch below at AA+. What's the big deal? Here's what's really going on behind the scenes that you won't hear about on TV or read in the news: The US dollar is...
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In a recent poll involving 1,000 residents of the U.S., 65% said that they think that economic conditions in the country are worsening. Nearly half have already cut back on their spending and almost 20% are apprehensive about the stability of their jobs. Now that recession has finally landed, is there hope for businesses to thrive,...
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With so many people in the USA today finding themselves in financial trouble, the rate of bankruptcy has been on the rise. The main purpose of bankruptcy is to give honest debtors a fresh start, clearing most debts and discharging debtors from legal obligations and providing the courts with non-exempt assets to be distributed among...
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Did you know there are only 14 self-made women billionaires out of 1,100 on the planet? I don't know about you, but I think it's time we had some more! The interesting observation I had that occurred to me as I was looking at their names: Oprah Winfrey, Martha Stewart, Debbie Fields, Meg Whitman, Estee Lauder...what...
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Recessions happen and you can see it and take the appropriate steps before it is too late. Here are 11 tips you should know about to help you survive. 1. If you happen to be in debt, get out as quickly as possible by finding ways to pay for it. If ever you need help, hire...
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Recession can be a very stubborn thing. Once it drops by, it can take a while for it to fade away and disappear. However, that doesn't mean that we should simply sit back and let it overcome us. It can, after all, wreck havoc on our finances and personal lives. In these tough...
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Recession is a word that fills people with dread and bad visions. It's a time people consider bad for finances, a time capable of magically shrinking a dollar's value overnight. It also automatically increases the cost of basic living. And where money is a huge concern, people always ask, 'Can I still save for...
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By Adam Khoo Have you ever heard of options trading? Most people who have heard about options, would have been told that it is an extremely risky financial instrument. I have covered some of the most powerful strategies used by professional stock investors. Value stocks return an average of 15-25% annually as well as momentum stocks that...
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By Linda P. Jones Last time I wrote about currencies and how it's important to our wealth to understand the changes happening to them. Everything moves in cycles - even money. It's important to recognize where we are in a cycle so you can plan accordingly. Even though investments may do well for 30 years (like bonds),there's a...
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If you want to see yourself a millionaire in 10 to 15 years of time, this is the time to do so. You just have to pay off your debts so that you can accumulate the money and create wealth. There are many debt relief options that can help you accumulate wealth and pay off your...
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By Adam Khoo Let me ask you this question: "Why are you not rich yet? What has prevented you from getting the wealth you deserve?" Spend some time to really ponder on this question and write down as many reasons as you can think of. It is important that you are totally honest with yourself. Most people tend...
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By Sean Rasmussen Today there are many financial "gurus" who claim to know it all when it comes to wealth creation. Surely, a number of these experts really do know a lot about investing and creating wealth. But even before the big names in financial wealth creation there came other greats who spoke to...
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