Safeguarding Your Financial Life and Building a Financial Stronghold
Now here’s some interesting fact, based on the survey report by the CFP board; nearly 9 in 10 of those surveyed have stress about their finances. With Debts and Expenses being the major causes of the most financial stress. As of what would help most in reducing their financial stress, about three-quarters from the surveyed … Read more Are you having Financial Stress, Procrastination, Phobia?
The answer is YES, and the approach is rather simple. Just invest in an index fund such as S&P500 index by Dollar-Cost Averaging (DCA) approach! So for you to get some idea, S&P500 since its inception until today would be approximately 10%. But we have to factor in the inflation, so let's just assume a conservative … Read more Can Anyone become a Stock Market Millionaire?
How would you calculate the number of years required to double your money at a given rate of return (i)? If you understand the relationship between a present value (PV) and a future value (FV), given by the expression, For your money to double, that means FV = 2 PV, and we have the number of … Read more What is the Rule of 72?
1. Prioritise your debt When you have more than one debt to pay, it would be rational to pay off the debt with the highest rate of interest. Avoid paying interest on the interest you already owed because you didn’t make enough payment to reduce the balance. This is why it is important for us … Read more Paying off your debts in 123…
If your answer is YES. Then I hope this post will give you some perspective on mutual funds. Mutual funds are commonly referred as actively managed funds, and managed by fund managers. While an investor would normally look at a mutual fund based on it's past performance and risks, the fund performance might look very attractive, yielding … Read more Are you a novice in Mutual Funds?