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  1. Hello, dear TGFers, Before anything else, I will tell you that's one of the most important posts you would read here on Top Gold Forum. Please do not ignore it. You will thank me in a couple of months. If you are a regular TGFers you know that since 2020 we are preparing ourselves, as a community, to face the global financial crisis which is already here. I've managed to do well in the '08 crisis and also learned a lot of things that helped me see the upcoming crisis and prepare accordingly. So without further ado, I'm going to list 10 things I suggest you doing it to stay safe and why not, make a profit, in these troubling times. 1. Make sure you and your loved ones are healthy and safe. That's the most important piece of advice I can offer you and you should not take it lightly. It's important to make sure that you and your family, your close friends and your loved ones take care of their health and safety. 2. Take care of your expenses and reduce the non-essentials. If you haven't done it already you should have a close look at your monthly expenses and cut the things that are no longer essential. I did this in 2020 right in the middle of the pandemic and I was shocked to see how much money I was spending on things that I could easily cut or reduce. Just to give you some examples: Subscriptions to online tools and services I barely used. Also, I could downgrade my mobile phone payment by around 60% by switching to a smaller plan and the TV subscription with around 30%. So take a look sharply at your monthly bills and start ASAP reducing or cutting what is not essential. 3. Lower your debt or try to remain debt-free. This is important. As the interest rates are rising a lot you'll pay much more for your loans. Also, the banks and lending companies will become ruthless in getting their money back. That's why you need to lower your debt as much as possible and make sure you are paying the loans on time. If you are or you can easily become debt-free would be awesome. Take a look at the following 10 websites that can help you put your personal finances in order. 4. Make sure you're not easily replaceable. This applies to you even if you're employed or a freelancer. During a financial crisis, many companies reduce their working force and the first ones that get laid off are persons that are not essential to the business. So ensure that you bring value to your employer or to the businesses you are working with. Become better, learn new things, and automate as much as possible of your work to have competitive rates. 5. Have 6-8 months of expenses covered. Just in case you get laid off or you simply do not get any more work as a freelancer you should have AT LEAST 6-8 months of expenses for your family covered. I recommend even having 12 months of expenses covered. I know this sounds too much but remember that we don't know how tough the crisis will be. Keep some of your savings in hard cash just in case the banks are going to limit the withdrawals. It's not SCI-FI, it happened before in the 08 crisis in Greece and Cyprus. 6. If you plan to sell anything, do it now. If you plan to sell your house, your car, or some assets you own, I recommend doing it ASAP. That's because soon there wouldn't be so much money in the markets and the interest rates will go up so people will be reluctant to purchase things that are not essential or are overpriced now. 7. Educate yourself - Learn new skills In the 4th point of this list, I've told you to ensure you're not easily replaceable. What I want to emphasize here is that in a recession companies look for ways to cut their costs. And one thing to do is through automation. Besides automation, there are new industries that rise now like blockchain, web3, digital healthcare, electric cars, etc. So don't be afraid to reinvent yourself for the jobs and opportunities of the upcoming years. 8. Develop multiple income streams (side hustles, money-making opportunities, etc) Having multiple income streams ensures you that will still make money even if lose your primary job or income opportunity. In times of financial crisis relying on only one income stream is risky. You may lose your job, your stock investment may plunge in value, etc., so make sure you have a couple of income streams that are in diverse industries. I recommend checking the money-making opportunities here in TGF and choosing one or two that fit your skills and your risk profile. 9. Keep your eyes wide open for opportunities A financial crisis it's not only about hard times but also about opportunities. Netflix, Airbnb, Uber, and a couple of highly successful companies of today were started in the 08 crisis. On top of that the stock, commodities, and other assets were at good discounts. As Buffet says "be fearful when others are greedy and be greedy when others are fearful". In a financial crisis, most people are fearful and sell their assets at great discounts. That's the time when you can get them at a fraction of their true value. Before moving forward I feel I should warn you that not all assets that look to be on discount they actually are. Some of them simply are so low because that's their value and will not go back up. Learn about value investing to understand where the value is and where isn't. 10. Pay attention to SCAMs The last piece of advice that I want to share with you is to pay attention to SCAMs. That's because in troubling economic times the criminality rises sharply and there are many that want to get rich by stealing others' hard-earned money. So research everything, and don't fall for promises that are too good to be true. 11. (Bonus) Have a plan It's mandatory to have a plan and stick to it if you want to be well in these troubling times. If you don't have one you will be easily distracted by the news or the events that rise. As long as you have your plan you can adjust it easily but make sure you do everything in your power to reach your goals. Conclusion And there you have it: 10 things + bonus that you should do to do well in the following financial crisis. To recap, this is what you should do to prepare yourself: Take care of yourself and the health and security of your loved ones; Cut or reduce your debt and your expenses that are not essential; Have money aside in case you get laid off and for investments and opportunities that arise; Learn new skills, and become better at what you do; Develop multiple income streams; Pay attention and do not fall for SCAMS; Have a plan! Even if you have not prepared yet, it's not really too late if you start taking action now. What about you? Are you prepared? What actions would you take to be safe in these troubling economic times? Let me know by posting in this forum and let's all learn and prepare
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  2. When it comes to searching for fresh information about the business world, all we have to do is tap our smartphones (or tablets) and we will immediately have access to an insightful website. The key to success in every online business, and in life, is to be constantly informed and open to changes. We made a list of best business websites to gather the information you need daily. Whether you are a business person and want to be up to date with new content every day, or you own a small business that needs a more online presence, top business websites can be a real inspiration for many of us, as well as a source of reading interesting and inspiring articles. 1. The Wall Street Journal Probably one of the most popular and famous online publications, the Wall Street Journal covers breaking news and headlines from the United States and around the world, constant up to date and fresh content with interesting news, top stories, photos, videos, financial stock market overview plus a special blog with real-time news and analysis plus date from the Journal. Readers can also find tech news, life & opinion plus an online community. The publication is also optimized for tablets and mobiles for better and friendly user experience. 2. Financial Times Are you looking to start a new business? If you are looking for online resources to be informed, Financial Times can be a great tool to read interesting and fresh business news in the morning, while drinking your coffee. Offering the latest UK and international business, finance, economic or political news, as well as interviews, videos, photos or market data, this online magazine is an excellent source with million registered users, digital subscribers plus paying users. With a long tradition, Financial Times is one of the most serious and reliable publications to be informed day by day when you are looking for guidelines for your daily business issues. 3. Yahoo Finance eBiz MBA has ranked the most popular business websites in a top 15 by considering each website’s traffic rankings in the US and has found Yahoo Finance as being the website with approximately 50,000,000 unique monthly visitors. While the design doesn’t necessarily impress the reader, the website itself has a wide range of sections available such as investing, personal finance, news or portfolio plus details about the stock market index, gold, oil and the latest currency exchanges. 4. The Economist A well-known publication, and small business website with weekly fresh topics about world news, politics, economics, business or finances focusing on international opinions and news, including the latest analysis, a blog section plus other great insights that can help any business person out thereby responding to essential and practical questions. Readers can also have the subscription option to pay and have full access and enjoy each week’s complete issue of the Economist. 5. Forbes Probably one of the best online and reliable sources, that definitely deserves a spot as one of the best business websites. It offers readers great and qualitative information for the world’s business leaders who want to be successful. Whether you want to read news, politics, economics, studies, listen to video or even see interesting tops released by Forbes of the top companies, celebrities or richest people in the world, this online business site is your daily online resource. With a simple and easy to use interface, there’s also a search button where you can quickly access all needed information. 6. Business Insider Here’s another important business website that can provide its readers high-quality content with articles about (un)conventional business strategies, finance news, markets, politics, useful charts and tops, as well as tips and tricks to use in the business world. It is a fast-growing business website targeting also media, tech, life and other industries. 7. Inc.com INC magazine is the online source you need to find out the latest sources in business, get advice, tools or services that can help your small business to grow and be successful while facing all competitors in the market. It is the business website that has it all. With a simple and classic design in black and white, the information isn’t so simple, because you can find practical subjects like business strategies, legal issues, how to finance a small business, budgets or tips and tricks about being successful or acting like a real leader. For a better online experience and full access content, you can join Inc community to discover useful tools or interesting videos. 8. Bloomberg.com This is another great site for business and financial news that can provide you with excellent insights about everything you need to know. Bloomberg delivers market data, personal finance, economic news, stock futures or quotes. Moreover, the publication has a list of recommended videos and is a leader in global business and financial information, helping business persons to make critical decisions about their business. 9. CNN Business Here’s another excellent business website that offers its readers the newest business, financial and personal finance news for anything related to this subject. Considered to be one of the largest business websites, CNN Business is an online publication for two other important magazines: Money and FORTUNE, as well as the CNN’s exclusive business website that shares useful and high-quality articles with themes like the economy, tech, small business or leadership news for all entrepreneurs interested about their self-improvement. 10. Fast Company It’s another great online source of information in the business area that features the freshest business news or trends, insights about the most successful entrepreneurs, details about the most powerful companies, as well as the fastest ones in the world that have to succeed in a recession period. With a very interactive and user-friendly interface, this free business website keeps you up to date with everything you need to know for your small business or large company. An insight, high quality and documented information to read in your spare time or at work. All those posts can inspire you to make the first step and start your own business or doing all the efforts to succeed. 11. Market Watch Focused more on the financial section, Market Watch offers stock market data, business insights and recommendations, as well as great analysis that can be extremely useful for business people who need an overview of the market and don’t know exactly where to look for. Tracking the pulse of the markets, this online publication keeps readers up to date with the latest news from the world, including also real-time commentaries, useful analysis and other industries. 12. Top Gold Forum The Top Gold Forums are the best way to connect with other small business owners and online money makers - to ask questions, compare notes, or offer help to others in your trade. It’s a safe environment to discuss the topics that matter most for startups and companies of all sizes. It is a highly active site with almost 40K members and close to 1 million posts have excellent moderation to keep things in check. 13. Entrepreneur As its name indicates, it is a great source for people interested to become a successful entrepreneur by using great examples, useful insights, news, expert advice as well as growth strategies for small businesses. Are you looking to start a new business? Don’t feel like going to your current job where there’s no satisfaction? Are you thinking of buying a franchise, but don’t know exactly how to do it? Entrepreneur online magazine offers all needed guidelines for all adventurous persons who want to leap on the bandwagon called entrepreneurship and manage his own life. Whether you are looking for ideas about how to start a new business, management issues or ideas about creating an efficient business plan, this resource can get all needed information, as well as answers to all kind of questions. 14. Small Bizz Trends Small Biz Trends magazine comes daily with latest articles on marketing, management, technology and finance for small business owners. Check them if you want to stay up with the latest trends and find out about innovations you can implement in your company or in your business. 15. Monetize.info Number 15 on our list of business websites is our digital magazine - Monetize.info. Founded in 2004, Monetize.info is an award-winning online publication for small business owners, entrepreneurs and growth hackers. It is one of the most popular independent small business publications on the web. The main difference of other magazines is that they are focusing on writing high-quality tutorials about important matters that you can implement immediately in your business. Conclusion That concludes our list for the top 15 business websites out there. What is your favourite business website? Where do you draw inspiration for your new strategies and plans? We would love to hear your opinions on the matter! Stay tuned for more business & finance news.
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  3. If you look at the current lives of people, it is definitely tough. People would not be able to enjoy their lives through one income stream. Actually, the cost of living is really high at present, so people struggle to live a satisfied life. The income earned from one job wouldn't suffice the needs of a family. It would be really hard to manage the cost of living if you are earnings is limited to one job. So, what should you do? How can you increase the amount that you earn? What are the part-time jobs that will help you earn better? The Australian traders also have a high cost of living still they manage to cover up the costs, how? They trade Forex as a part-time gig. They don't have to do anything much. They just have to understand the market and the ways to trade. So, if you want to earn a good income you should think about a part-time trading career. The Forex market is suitable for a part-time career as well. So, why trading is suitable? The moment you consider trading as your alternative source of income is the very moment you stop taking unnecessary risk. The new traders are always trying to secure their financial stability based on this profession. In fact, they rely on their profit to support their family. But if you follow such path it will be extremely difficult for you to learn from your mistakes. You have to take your time and focus on the core factors of the market. Never think you can make tons of money by using the market leverage. Leverage will increase the profit factors to a small extent but it will never help you to become a millionaire. There no such thing called luck in the investment business. You will always face the consequence of your action. So be very careful about your steps in the Forex market. It offers flexibility If you look at other jobs that you would be able to do as a part-time gig, you would have the benefit of flexibility. For example, you would be able to do data entry as a part-time gig, but will it be flexible? Do you think you would be able to earn an income from data entry jobs? Well, if you do data entry as a part-time job you would have to meet their needs in a given time. So, what if you have to work overtime for your main job? Wouldn't it be complex? Of course, it would be. So, if you look at the Australian traders they maintain a regular Forex trading account Australia. They don't have to think about timing. They would have to trade only when they are able to. The only factor they should bear in mind is to focus on the trading account. You should not let the trading account to be wiped out. If you are capable of protecting the trading account you would be able to make Forex trading as your main job as well. But, it is important to be consistent. It is freedom Of course, trading is freedom. As for the previous example, even if you do data entry you wouldn't have the freedom. You would have to listen to your employer. You would have to meet deadlines. It is double the tension. So, you should consider Forex trading. It is freedom. You would get to enjoy freedom as no employer would impose rules. You don't have to meet deadlines or anything. It is more than a job Unlike other jobs, you are not going to learn job-related things rather you would be learning many other things. You would become a better person. You would learn to control anger, to work hard, to be consistent, and much more! So, Forex trading is way more than a job, this is actually an opportunity for you!
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  4. Investing is one of the surest ways of building up passive income. But many beginners falter for lack of sound knowledge about investing principles. Whether you are an employee of a corporation, self-employed or a businessman, you can earn great amounts of passive income by becoming an investor. Many people try their luck at investing but come up short. The major reason for this is lack of prior knowledge about investing. It is of paramount importance to learn the basic investing principles before diving into the practical world of investing. In this article thirteen basic principles will be discussed briefly for newbies. Principle 1: Diversify The first and foremost principle is to diversify. Even if you are starting out with a small amount, it is always better to buy more than one stock. In this way even if a couple of stocks underperform, the other stocks making up your diverse portfolio can take the brunt. Diversification is the golden principle of investing. At no cost should you ever ignore this rule. Principle 2: Start investing at an early age I am sure you all have heard about the power of the compound effect. Well as the old saying goes, compounding can be your best friend. What it means is that the longer period for which you have your money invested; the more you stand to gain. The longer your money will work for you. Those who start out at a young age, definitely have an advantage over their peers. But don’t worry, because even if you didn’t you are always early as compared to those who never decide to start investing. Principle 3: Invest in what you know This implies two things. First is that you should try and buy stocks of a company, whose business you know about. Even if a little. Rather than jumping into a company about whose business operations you know nothing about. Second, is not to get ahead of yourself in the investing business. What I mean to say is that keep the invest amount directly proportional to your learning curve. And not go into complex trading options prematurely. By all means go for it, but only and only once you have mastered the core concepts. Principle 4: Don’t let temporary market slumps alter your long term investment plan Don’t make the rookie mistake of getting on the band wagon. More often than not, people tend to buy when others start buying and sell when others start to sell. This sets off a chain reaction and doesn’t necessarily reflect the true picture of the market. Don’t alter your complete investment plan and your portfolio based on a temporary market slump. Often there are spectacular gains to be made by sticking it out. Principle 5: Don’t doubt your trades Once you have made a decision based on sound analysis to sell a stock, never look back. Don’t be like those who say, what if I had held on a little longer? What if I hadn’t sold the stock just yet? Never second guess your own decisions. If you do this, then you can never become a successful investor. Principle 6: Dollar averaging What this means is that regardless of the market condition, you keep on investing the same amount of money monthly into your portfolio. Believe me it really works. Although, there are not many such schemes or options out there nowadays. But if you look hard enough, you will find them. Principle 7: Never Panic An investor needs nerves of steel. You can’t let your emotions get the better of you. Often there have been occasions in the history of markets, where people have jumped the boat too quickly. An investor needs a level head. This is not saying that you not take risk into account. A ll I am saying is that keep your emotions out of it. Only keep your wits about you. And you will start to see things for what they really are. For e.g. sometimes a news breaks which has an adverse effect on a certain industry. As a result people start getting out of its’ stock. But this shouldn’t mean that panic should set in and other industries which are doing just fine also start to feel the heat of selling. But this is exactly what happens in the majority if the cases. But the winners are those who keep their cool. For soon enough the market corrects itself and those who sold tend to be the losers. Principle 8: Pay attention Always remain alert and pay close attention to what is going on with your portfolio. Even if you are dead sure about certain great stocks, you should never stop monitoring them. It only takes a moment sometimes for the surest of stocks to tank. Principle 9: Bet on your winners and vice versa Always stick with your winners and try to get rid of the losers as quickly as possible. Don’t wait for the things to turn for the better. Rather, minimise your losses. And stay with winners. Discard the losers in an intelligent and timely manner. Principle 10: Go for a stop loss This means that you should always set a limit at which your stock is automatically sold if it suffers a loss. It is the surest way of reducing your losses. And it is especially helpful for the newcomers to the world of investing. And the opposite holds good for your profits. Don’t be extra eager to sell if your stocks start to rise in prices. In other words, you can afford to be slow in taking profits but not always fast with your losses. Principle 11: Stick to your original plan In investing as with any other thing in life, it is crucial to stick with your plan. Don’t change the direction of your sails with every little change that happens in the market. If you have started your portfolio with well thought out stocks, stocks that you know about, then stick to them. Principle 12: Don’t spend the principal amount Always buy your stuff or pay your expenses from the dividends from your stocks or the interests on your savings. Never ever reduce the principal amount. Rather on the contrary, always make it grow by re-investing a margin of the profits and earnings. Also make sure you don't invest money you can't afford to lose like house mortgage payments, money for groceries etc. If you don’t grow your asset column regularly, you will be left behind in the world of investing. Always follow the rule of paying yourself first. If you follow this principle, then in no time you would have grown your portfolio. Principle 13: Face your fear You can’t be right with your moves all the time. And it is not important to be. You will make some mistakes. And that is all right. As long as you are making few good ones, you are on the right track. You are going to turn a profit in the end. Many people tend to lose out on the deals of a lifetime because of the sole reason of fear. Conclusion If you follow the principles given above, then you are on your way to becoming an investor. You must always remember that money doesn’t always makes money. Money is an idea and nothing more. Ideas make money. And that is why it is important to know the basic investing principles, before you decide to test the waters. In the world of investing, always use your mind. Author’s Bio: This article is written by Jacob Arch, He is a famous article writer and a teacher at Assignment Service. He completed her Bachelor in Literature from University of London, UK. You like to write about Investments, Online Trading, Finance, Business, Digital Marketing or Crypto-currencies? Check our Write for us page. We'd love to share your knowledge with our audience.
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  5. Investing in precious metals is one option that you can consider, especially during an economic crisis like the one we go into, and there are several metals to choose from. Gold and silver are the most traditional options that investors initially look at. However, platinum and palladium are also increasing in popularity with investors. All are possible options that you can consider adding to your portfolio for different reasons. Why Invest in Precious Metals Before investing in precious metals, you should learn more about why investors choose to add this to their portfolios. Most precious metals are an excellent hedge against inflation, and this means that when investors usually sell their riskier stocks, they often turn to precious metals. As one investment vehicle decreases in value, the other increases in value in many cases. Precious metals are also a popular investment option to consider besides economic uncertain times, during times of war and political strife. When the demand for precious metals increases, the cost can skyrocket in a very short period of time. Many people also like investing in precious metals because of the incredible volatility. As well as the fact that the metals trade almost 24-hours per day, every day. This presents considerable opportunities to investors who are in the short game, as well as those who consider taking a long-term hold with their positions in commodities. However, this type of investment should be reviewed periodically even if you plan to hold it for a long period of time. This is because the price can fluctuate substantially at times. If you hang onto the asset for too long, you risk losing a substantial amount of money. You may also risk being forced to keep the asset until the prices rise at some point in the future. What Precious Metals to Invest in Gold is the most common and popular precious metal to invest in, but there are other options to consider as well. 1. Gold Gold has been traded for centuries, and it has commonly been used in coins as well as jewellery and more. It has minimal uses in industry, however. Because of this, its price is largely determined by consumer sentiment. Investors often turn to this to stabilize a portfolio in rough economic times. 2. Silver Silver has a more affordable price than gold. More than that, it has many more practical uses in various industries. This means that the value of silver is less dictated by sentiment. There are several silver funds that you can invest in if you do not want to purchase the raw commodity. 3. Platinum Platinum is another option to consider. Because it is a relatively new commodity for investors to focus on, the price is considerably lower than gold. This means that there is ample room for upward movement of the price. As is the case with silver, this precious metal has many applications in industry. How Much Are Precious Metals Worth There are different ways to invest in precious metals, and the cost of the investment varies substantially. The cost of the metals varies regularly throughout the day based on various factors, and there may also be exchange or brokerage fees. For example, if you invest in a mutual fund that contains precious metals, you may pay expensive fund fees. There may be trade order fees if you buy and sell stocks in mining companies. You can also invest in coins or bullion for some precious metals. The value of these items varies based on rarity, age, weight and several other factors. These types of investments are only suitable for those who have a safe and secure place to store them. Are Precious Metals a Good Investment? Before you spend your hard-earned money investing in precious metals, you may want to learn more about the pros and cons associated with this investment option. Each type of precious metal has its own benefits and drawbacks, but there are some common pros and cons for all of the precious metals for you to review as well. Pros The price of precious metals may be largely under the influence of sentiment. Some metals, such as gold, much more heavily relate to emotion or sentiment than others, such as palladium. Precious metals have a true, physical value, and there is no credit risk associated with investing in pure commodities. If you invest in precious metals through a mining company or another type of company, however, there is a greater risk. Adding precious metals to your portfolio may be a great way to balance risk and moderate your portfolio if it is otherwise heavy in stocks and bonds. Cons Even though there is no credit risk associated with investing in pure precious metal commodities, there is still a risk that prices will decrease and that you will lose money overall. While the return on precious metals varies substantially, keep in mind that the rate of return may be lower than with real estate or stock investments. Investors should spend time regularly reviewing their portfolios to determine the best times to buy and sell precious metals. This is not a good commodity type to simply sit on because its value can fluctuate dramatically within a short period of time. How to Invest in Precious Metals If you are thinking about investing in precious metals, you should understand the many options available for doing so. Stocks, ETFs and mutual funds that trade the commodities or that focus on businesses that work with precious metals are a few options to consider. Another option to invest in gold is through a gold IRA. You can rollover your 401k or IRA account into a gold IRA account and take advantage of the safety and reliability of gold There is a wide range of focused businesses, such as mining companies, as well as indirect businesses, such as automotive manufacturers, that you can consider investing in. The risk, price, and return on investment vary dramatically from stock to stock. Another idea is to trade with the commodities themselves, such as with futures or options. You may also purchase and hold coins or bullion for some of the precious metals. A final option available to you if you want to invest in precious metals is to buy certificates. Certificates essentially give you a document showing physical ownership of the metals, but you do not have physical possession of the metals. This means that you do not have to worry about storing or caring for the metals. Conclusion Investing in precious metals may be relatively new to you. Additionally, you may not be certain how to complete this process or what you need to know to profit significantly from it. As with any type of investment, it is best to buy low and sell high when investing in precious metals. You should spend time learning more about the commodities markets before jumping in. Just as you can lose money with other types of investments, you can also lose money when investing in metals.
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  6. Travis Fauque recently discussed how to start investing in cryptocurrency. LANDER, WY / DEC. 10, 2021 / Cryptocurrency is one of the hottest topics discussed in the investment world. The currency is creating new millionaires weekly while providing investors an opportunity to further diversify their portfolios. Travis Fauque explains that many people are further looking into this currency and searching for a basic understanding as well as how to get started investing. Bitcoin and the Creation of Cryptocurrencies Bitcoin was created at the heels of the 2009 economic recession to be a virtual peer-to-peer decentralized network. This network was created using blockchain technology and the protocol cannot be changed or altered in any way by any sole person or entity, including governments or even Satoshi Nakamoto himself. When cryptocurrencies are released, the inventor(s) set the currency’s parameters (how much there is, rules for buying and selling, as well as how many new coins will be added to the marketplace, etc..), on a protocol before launching the coin. With bitcoin’s protocol reflecting a max supply of 21 million coins, many investors see this as deflationary and a store of value. “Governments can print more money when they want, but no one can issue more bitcoins," Fauque said. "This results in scarcity, and ultimately proving a financial hedge against deflationary assets, specifically fiat currency. The change from Bitcoins' first appearance in the marketplace to where the current market sits today provides evidence of the vast amounts of opportunities for ordinary people to create substantial wealth. The speed and size of a wealthy investor experience, makes many people wonder how to get started. Fauque explained that the cryptocurrency market, as of the date of writing, is just under 3 trillion dollars in total market cap, with bitcoin dominating the market by 35 percent. “Bitcoin is the north star for current cryptocurrencies, ultimately paving the path for other currencies to follow," Fauque said. Cryptocurrency Trends Fauque believes other competing currencies will someday overtake Bitcoins' dominance, however, Fauque suggests investors stay current with the dominating cryptocurrencies trend and trade in favor of their trend. "The trend is your friend. It's essential to never go against the trend," Fauque said. Fauque advises to never invest blindly in cryptocurrencies, rather seek to understand the currency before investing. Technical Analysis “Investors must understand technical analysis, as well as how to utilize this analysis," Fauque said. Technical analysis is not a guarantee for future market movements, technical analysis provides the investor with a competitive advantage, inevitably increasing profits while strategically minimizing your losses. “People lie, but charts don’t lie,” Fauque said. “Technical analysis lowers risk long-term but maintain a solid risk management plan is the foundation of any successful investor." "You are only one trade away from losing profits if you don’t value risk management," he added. Lessons Learned Fauque experienced losses exceeding tens of thousands of dollars his first few months investing in cryptocurrencies. He attributes the losses to not following a proper risk management plan, as well as investing in opinions rather than on facts. The loss really wasn’t a loss in hind site, more of an invaluable lesson on risk management,” Fauque said. He expressed the importance of risk managing and the need for investors to obtain proper financial education before making any financial decisions. Tips for Beginners from Travis Fauque As a beginner in the crypto space, Fauque suggests that investors perform their own analysis and not blindly follow the crowd. The crowd is broken and easily manipulated. He warns new investors to stay cautious when investing in new coins and to fully understand the fundamentals in the coin before investing. Fauque suggests the 40-30-30 percent diversification strategy inside your crypt portfolio, with 40 percent allocated in large market capitalization cryptocurrencies, 30 percent in mid-cap, and the remaining 30 percent in low cap cryptocurrencies. "Buy the investment before the crowd buys it. That’s where the substantial returns are made,” Fauque said. Smaller financial capital invested into one currency tends to elevate the financial risk of the asset and experiences major price movements. However, traditional investors advise investing up to ten percent of your total portfolio into cryptocurrencies, specifically the top ten by the size of market capitalization. Fauque does not follow traditional investor advice, while currently holding nearly 50 percent of his total portfolio in cryptocurrencies alone, while the remaining diversified in other asset classes. “You’re not late to the crypto game, as long as you show up," Fauque said. Starting small and becoming a long-term student of the asset is key. Fauque suggests utilizing the D-C-A investment strategy for beginner cryptocurrency investors. DCA refers to dollar-cost-averaging. Fauque explained this method tends to smooth out the price volatility for the given currency while decreasing the risk of emotionally trading. He suggests finding a trustworthy platform that provides this option, such as crypto.com. Fauque utilizes crypto.com for the enhanced security the platform provides, as well as its reward programs. A user has the option for the platform to withdraw funds from their bank account as frequently and often as the user specifies. “You can treat the automatic withdrawal like a tax, only this tax will create wealth for upcoming years," he explained. In conclusion, Fauque suggests, getting started in crypto, regardless of current market conditions. Many new investors attempt to successfully time price tops and bottoms resulting in inaction, or even worse emotionally trading. This makes the DCA strategy more appealing for the new investor. Fauque explained this strategy is a good start but maintains his stance in expanding to the strategy, as the investor's financial education increases. Travis Fauque’ holds firm to the 40-30-30 rule for diversification and emphasizes he is not a financial advisor and does not provide any financial advice. He simply shares his personal successes as well as previous learning experiences with others.
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  7. Being a student is not easy. Other than the assignments that take up a lot of your spare time, there’s also the problem of money and high tuition fees. While college is supposed to be a time for making friends, going out, and traveling, you can’t possibly have fun if your pockets are empty. To fully enjoy your college life, you need to start making some money as soon as possible. Seeing as a full-time job would be too demanding, we think your best bet would be to use your skills to start your own small business. To help you out, we’ll talk about the best seven low-cost business ideas for college students. 1. Sell Used Furniture At the end of their college years, most students don’t bother to take their furniture with them. Most of the time, they simply leave their used pieces of furniture in their rooms or out on the street. You could use this situation to your own benefit by talking to the students who are about to leave campus and offering to take those items yourself. While the furniture used by students is generally not expensive, you’ll get a 100% profit by selling it, considering that you won’t pay anything for it. 2. Become a Mover Since we’re on the subject of furniture, another great way to make money on campus would be to help other students move. Every semester, many students need help with moving their stuff in and out of campus. And you should be there to take advantage of the situation. Seeing as professional moving service charges a lot, students will always be glad to find a cheaper solution. Even if you ask for half the money a professional mover would demand, you’ll still make a pretty decent sum. Of course, to be able to keep such a business running, you need to be in a good physical condition. 3. Babysitting If you know how to take care of a kid, babysitting can be a great way of making some easy money as a college student. The demand for this job is very high, seeing as people will always need someone to take care of their child while they’re away. The biggest advantage of this business is that it only takes a few hours of your time every day. And if you like kids, you may even enjoy it. Before getting into it, a good idea would be to take some babysitting classes. 4. Become a Tutor Since you made it to college, it’s pretty obvious that you know a lot of things about many school subjects. So why not get the most out of it and become a tutor? It goes without saying that you’ll have to charge less than an actual teacher. But with your level of knowledge, you’re bound to be an excellent tutor for any school or high school student. You already know the content of their lessons, so provided that you’re good with kids and you know how to explain stuff, you’re good to go! 5. Fixing Computers Students and young people, in general, are quite experienced when it comes to computers. You could use this knowledge to start a low-cost computer repair business. Whether it’s software or hardware issues, people will always need help with their computers. And you should be there to give it to them! In most cases, you’ll get paid for doing some really simple work, like reinstalling a program or recovering an email password. 6. Creating Websites and Apps Speaking of computers, if you know how to build websites or mobile apps, you may earn quite a lot of money from the comfort of your own home. A lot of companies are ready to pay freelance web designers to build a website from scratch. And if you have a solid idea for an app, you could create it and earn money from downloads. If you’re passionate about web design and app creation, you’re bound to enjoy this gig a lot! 7. Promote Events Everyone knows that college students are very interested in all sorts of events like parties or concerts. Event organizers are always in need of people to spread the word about such matters. If you’re interested, you can get paid to do stuff like selling tickets, handing out leaflets, or promoting events on social media. The possibilities are endless, and you won’t have to work very hard! We hope you liked the low-cost business ideas we proposed and that at least some of them will be to your liking. No doubt, in the end, it all depends on your specific skills and qualifications. All in all, each of these gigs can be started with little to no money, and none of them requires a lot of time and effort. If you’re serious about your small business, you’ll surely be able to make a decent living. So, good luck! We do hope you enjoy your college days to the maximum! Author's Bio: Kevin Nelson started his career as a research analyst and has changed his sphere of activity to writing services and content marketing. Currently, Kevin works as a part-time writer at the BreezeWriting. Apart from writing, he spends a lot of time reading psychology and management literature searching for the keystones of motivation ideas. Feel free to connect with him on Facebook,Twitter, Google+,Linkedin.
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  8. The world of cryptocurrencies is an exciting one. For the first time in history, humanity has begun to accept the concept of digital assets. Since its inception, Bitcoin has always been favoured by individuals on the cutting-edge of technology. In the early days, surfers of the deep web opted to use Bitcoin as a medium of exchange thanks to the pseudo-anonymity it offered them. Additionally, Bitcoin and other cryptocurrencies facilitated the seamless transfer of funds from one person to another nearly instantaneously. And all without having to make use of a bank or money transfer service. Nowadays Bitcoin is supported by investors due to its inflation-proof characteristics. Fearing the onset of inflation caused by the sudden surge of liquidity in the economy, investors have turned to digital assets as a method of hedging against reduced buying power. So what do the deep web and the economy have to do with Bitcoin? The answer is decentralization. Unlike fiat currencies, digital currencies such as Bitcoin and Ethereum are not issued by governments or central monetary authorities. They are instead controlled by the community itself - thus lending the currency a degree of anonymity. This does have its fair share of drawbacks, however. Given the decentralized nature of cryptocurrencies and their increasing value, there still exists the very real risk of theft and hack attacks by unscrupulous individuals. Furthermore, cryptos are purely digital assets and do not exist in any tangible form in the real world. Because of this, you may find yourself getting the short-end of the stick should you somehow lose access to your cryptocurrencies. So, with all of that in mind, let’s take a look at some proven tips that will keep your crypto fortune safe. Note: some of these suggestions may appear to be fairly simple and innocuous, but you’d be surprised by how many people overlook them. 1. Have a backup Backups can be a real lifesaver should you suddenly find yourself somehow being unable to access your holdings of cryptocurrencies. Hot wallets are online-only services that allow you to store and receive cryptocurrencies. While convenient they aren’t exactly the best choice when it comes to long-term storage options. With crypto wallets a favourite target for hackers everywhere, it’s best that hot wallets are used as a temporary storage point at best. You should check first the safest and best Bitcoin wallets of 2021. Cold wallets on the other hand while secure are reliant on the reliability of the device used to store your keys. Disaster could strike and a hard disk could be lost, damaged, or stolen. It could randomly fail on its own and while the data could possibly be recovered, is that a risk you’d be willing to take? Rather than leaving your crypto assets up to chance, make backups of your crypto keys at regular intervals. Store them on different drives and have both offline and online backups. Having several redundancies and fail-safes in place minimizes the risk that you’ll be ever locked out of your assets. 2. Update your software regularly Hackers work around the clock developing new ways to gain access to your hard-earned cryptos. To counter this, developers regularly release software patches and updates to keep their assets secure. This is why it’s especially important that you regularly update your crypto wallet software and anti-virus applications. New security updates will ensure that you’re protected from the latest threats. 3. Use a paper wallet Ironically, one of the safest ways to store cryptos could also be the oldest and most archaic. Paper wallets are basically printouts of private keys and addresses on a piece of paper. These wallets can be easily hidden and stored thus making it difficult to steal. However, they can become damaged or destroyed which is why you need to handle them with care. With a paper wallet, the user is basically invulnerable to cyber-attacks or malware and an individual would need to physically steal it from you in order to gain access to your cryptos. These are 3 basic yet highly effective tips for securing your cryptocurrency holdings. Remember: the key to security is to make yourself a non-worthwhile target for criminals and thieves.
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  9. What exactly is a business case study? A business case study is a thorough investigation into some aspect of the business, typically a problem or issue that may need to be solved. It’s very common for students to be assigned a business case study. It is an excellent way to gain the hands-on experience necessary to succeed in the business world. It allows you the skills to identify and solve complex problems. Before you can write your own case study, however, you need to know how to go about doing this. What is included in a business case study? There are a number of details that may or may not be included in a business case study depending upon your assignment, but the following are very typically included: Basic company information. It is important to include the must-know information about the business or industry that you are analyzing. Without this information, the reader of the report is left with little to no background knowledge about the study itself. An original title. Make sure your title includes the name of the company and a general line about your case study. Goals of your study. Make sure to discuss what your objectives are. What are you trying to discover or change? Strategies used. Discuss the strategies that you employed in your study. How did you collect your data? Additionally, it is important to address any challenges you may have faced in your study. Identify the problems that you encountered when trying to collect your data and solve problems related to the business or industry. Responses and results. You must conclude by stating the results of your business case study. You can demonstrate this in a variety of ways, such as the use of diagrams or statistics to demonstrate what you found in a quantifiable and easy to understand format. Steps to Writing an Effective Business Case Study Now that you know what details to include in your case study, here is how you go about collecting and presenting your information. Thoroughly investigate the company/industry, its past growth, and its history. It’s a good idea to create a timeline, complete with any necessary statistics and diagrams, to demonstrate how the company has grown and changed over the years. Outline achievements, important events, or problems that the business or industry faced. Identify the strong suits, and also the problems the company or industry has faced/is facing. Using the information you have already collected, you can analyze it to identify what the company has generally done well, and what it needs to work on. Don’t simply identify the problems though, make sure that you determine how those problems impacted the company so that you can work towards building solutions. Create an evaluation. Now that you have a bunch of data to gather from, you should construct an evaluation. Discuss what you have identified as the company has historically done right and wrong, and why. Identify the specific impacts. You can also identify the strategies that were used by the company, pointing out what worked and what didn’t. Identify possible next steps. The next piece of your Business Case Study is to discuss what route the business should take. Do not discuss anything that does not have a great deal of evidence backing it up. Additionally, don’t provide a list of excessively idealistic next steps. You should make sure that the company could actually follow through with your recommendations. Edit and review. This step is very important. Although you have already dedicated time and effort to your report, you still need to make sure that it is coherent, well-written, and grammatically sound. It doesn’t matter how professional your recommendations are if you cannot articulate them clearly using proper conventions. Tips for Making Your Case Study Shine You can correctly write your case study, but how do you make it truly stand out? Here’s how. Before you present your case study, make sure you have looked at it multiple times and are prepared to answer any questions posed to you by your class or your professor. Be analytical and don’t allow your own personal opinion to stand in the way of sound judgment. Your personal opinions do not matter as much as the evidence you have collected. Make sure your writing is analytical, not personal. Give yourself plenty of time to finish your project and compile it so that you’re not stuck scrambling at the last minute. Use diagrams and statistics to illustrate your findings. The best graphs for your diagrams depend upon what you are conveying and how you want to convey it. Proofread, and then proofread again. Then have somebody else proofread for you. Developing your own business case study is an excellent way to gain real-world knowledge through experience, analysis, and (either hypothetical or real depending on context) implementation. Even if this is for a class, and you will not actually see your proposed solutions brought to life, simply formulating them is enough to provide you with the skills necessary to succeed in the real world. Writing a business case study is not something that needs to be intimidating or dreaded, but in fact, embraced. This guide will make the process easier and more transparent for you. If you need help with writing, you can always contact a professional case study writing service which will provide you with custom written case studies on any business topics.
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  10. One of the goals in life aside from being happy is to have enough money later on in life to be able to survive and maintain a certain lifestyle without having to work. That is called retirement. It is a time in life where you can do what you want all day without having to maintain a specific job to earn you a living. You can travel, play sports, create and play music, paint, or help those who are in need. Whatever you want to do, you can do. There are many ways to save up for retirement. One of the most common ways is through a pension. A pension can be provided by a private institution or the government. It is where you pay a monthly fee to the institution so that when you retire at the age of retirement, you can receive a certain amount monthly for you to be able to maintain a lifestyle without working. Retirement age also differs from country to country. In the United States, the retirement age is 66 years for people born in 1955 and 67 for those born in 1970 onwards. This means that you will receive the benefits of your pension at those ages. There are other ways to save up for retirement. You can save up money by yourself or invest in different investment schemes aside from investing in stocks, bonds, and mutual funds. Another way is through an IRA or an individual retirement account. This is a private way of making sure you have money when you retire but with some tax benefits depending on the states’ tax laws. There are many types of IRA available as your money can be invested in many different things nowadays. One of the options that you have is to invest in gold. There are regulations and limits to this type of IRA but investing in gold IRA companies is surely a good idea. Here are some of the reasons why you should invest in Gold Individual Retirement Account: Paper Money Can Fail Paper money is a banknote that serves as a promissory note by the bank that issued it. Nowadays, banknotes are issued by central banks of different governments around the world. For example, the Euro is issued by the central bank of European Union while the U.S dollar is issued by the Federal Reserve. The problem with a promissory note is that it will depend on the capability of the issuer to pay. If it is known that the issuer has no capability to pay, then the banknote is worthless. This capability to pay is directly related to a country’s GDP. If a country’s GDP is very poor, then people will not accept the banknote from that country. They will have to find ways to procure other banknotes from other countries to be able to trade. There are a lot of economic reasons that the value of your paper can fail: inflation, recession, and depression. The value of money is governed by the laws of supply of demand. Yes, countries can indeed print as much money as they want to. In the past, the amount of money printed, needed to be correspondent to the amount of gold the issuer had in reserve. However, now, money printed needs only to be correspondent with economic strength which is seen in the GDP of a certain country. Yet, there is still a problem with overprinting. Banknotes still fall under the powers of supply and demand and if you have too many banknotes of a certain currency in the international market, then the value of that banknote depreciates. To be able to maintain a certain value on the banknote, central banks must regulate the amount of legal tender in circulation in the local and international markets. Gold, on the other hand, is still subject to the laws of supply and demand. Yet, because it is a rare metal and procurement and treatment of this metal is very challenging, its value continues to rise as demand continues to go up. Gold has intrinsic value which paper money does not have. Central Banks Are Buying Gold Central banks all over the world are filling their stocks of gold once again. In fear of a possible economic recession and depression, central banks are making sure that their promissory notes are back up by something with intrinsic value. Because of the manipulation of currencies done by many countries like how China is keeping the value of the Chinese Yuan low despite their economic power and how the United States is printing somewhat an unlimited supply of money through a congressional act, GDP is no longer a good economic indicator. As with the practices of before, central banks are hoarding gold to protect their banknotes and the countries that they serve from a possible economic turmoil. If one of the major economies fails, the whole world will be affected. It is better to be protected and prepared than to suffer as a consequence of the actions of the greedy. Gold Increases in Value This rare metal’s value has been constantly increasing through time. Because of its rarity and because people love it so much, its value keeps rising. People love it as jewelry while technological companies used it in electronics because it is a highly efficient conductor where electricity can pass through it yet it remains free of corrosion. Because of the high demand in electronics, cell phones, smartphones, laptops, and tablets, the demand for gold to be used in these areas is also increasing. Click here to learn more about the uses of gold. Conclusion It is always a good idea to invest in this rare metal and even much better to invest in a gold IRA. Through this method, the rare metal you are investing in is kept safe by the financial institution so you don’t have to worry about anyone stealing it from you. You are also given tax cuts with your investment so you gain a lot more in the future when you decide to use your investment during your retirement.
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  11. A credit card can be a great tool for your personal finance, but only if it used responsibly. When deciding to get your first credit card, you need to make sure you are financially responsible enough to get a credit card. Getting a credit card and using it irresponsibly will actually hurt you more than not having a card at all. One of the main benefits of getting your first credit card is the ability it has to boost your credit score, or even develop a credit score for you if you do not have one yet. Without a credit score, you will not be able to get a mortgage, or a car loan–your credit score can affect you more than you think. If you are getting your first credit card, chances are you do not have a credit score yet. Here are some things you should consider before you get your first credit card: Pay Attention to the Interest Rate When looking for your first credit card it is important to know what things you should consider and what to look out for. One of the most important things you need to consider when comparing offers is the interest rate you will be charged. It is important to shop around and find the lowest interest rate. Ideally, you will pay off the credit card balance in full every month, but if you have to carry a balance from one month to the next, you will be grateful you found the best possible interest rate. Are There Rewards? Some credit cards also offer other rewards and incentives–some lenders may offer cash back rewards, or a small percentage of each purchase that you will get back and be able to apply to your statement balance. This is a great way to save money while building your credit score. If you use a traditional debit card, or cash, you will not get any cash back. So, even if it is only a percent or two you will be saving money by using your card. Emergency Uses Some people are skeptical when it comes to getting a credit card–and that’s totally understandable. You may fear racking up your credit card bills and falling into debt or going bankrupt but having a credit card can be useful if you’re in an emergency situation. For example, if you’re hurt on the job, it’s likely you will be eligible for workers compensation. Workers compensation will benefit you in many ways–but it might also land you in court. If you need to hire a workers compensation lawyer, this is when your credit card will come into play. What are Secured Credit Cards? If you are a new borrower with limited, or no credit at all, you may have a hard time qualifying for a credit card. The alternative option is to get a secured credit card. With a secured card, you will put a down payment on your card, then your spending limit is up to that down payment amount. The difference between a secured card and a debit card is the fact that when you make payments on your secured card they will be reported to credit bureaus. By reporting your payments to credit bureaus this will build your credit history. Then, you can try to apply for a more traditional credit card after building your credit for a while. If you do not make payments on time though, that will also still be reported and will hurt your credit history. What Are the Fees? You should be aware of any fees associated with a credit card before you commit to an offer. There are many different fees you could be charged, and all lenders impose their own unique fees. Some of the most common fees include late fees, foreign transaction fees , or an annual fee if your annual spending is not over a certain amount set by your particular lender. Things like the foreign transaction fee should be taken into careful consideration. If you decide to use your card in a foreign location, the fees could add up quickly. You may even be charged a foreign transaction fee if you make purchases from a business that has its primary location in a foreign country. Every card has different foreign transaction fees, and some do not have any foreign transaction fees at all. If you are planning to travel, or there is any chance you would travel and need to use your card, it is important to find a card with minimal or even no foreign transaction fees. Use Your Card Wisely Getting your first credit card can be a rewarding process, and it can provide many financial benefits, both short and long-term. Before getting your first card, you must carefully assess if you are ready for a credit card–you don’t want to spend half of your life rebuilding your credit score. You have to be financially responsible by–making your payments every month and not overcharging what you can afford to spend. If used correctly, your first credit card can provide you value for the rest of your life. If you make payments on time and are responsible with your credit card, your lender will most likely increase your available line of credit over time. What was once your first card with a small credit limit could become a great asset for you financially as your credit begins to build. Getting your first credit card is a big step toward financial independence and is a great idea if you are ready. Just make sure you do not jump into an offer too quick, and find the one best for you.
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