Many investments have a twofold purpose. They generate income and they increase in value. In other words, if you invest a lump sum you get regular small payments of some kind and the actual value of the capital itself increase, i.e. the lump sum gets bigger.
Let’s suppose you invest in property. In an ideal world [...]
Just as deal making is a vital skill, so is selling – and they aren’t always the same thing. You sell stuff outside of deals. Indeed one of the most important things you have to be able to sell in life to increase your prosperity is yourself.
Selling is the bedrock upon which every fortune is [...]
OK, it might be too late for you to start saving young. We can’t go back. But you can certainly teach your kids the importance of learning this trick. And I’m not suggesting we scrimp and save to be able to save. Saving should be something we naturally do. I guess it’s a trick you [...]
I once asked my delightful father-in-law to explain that thing about wine to me. You know, can a bottle that cost $200 in a top restaurant really be twenty times as good as a bottle that you can get for a fiver at the local shop?
His answer was interesting. He said that you aren’t paying [...]
If you are at sea and it cuts up rough, you make for a safe harbor. Any port in a storm. You don’t spend time procrastinating over whether the harbor has shower facilities or a branch of your favourite restaurant chain or cheaper moorings. No, you just get the hell out of the storm, while [...]
It’s very easy sometimes to believe that the hand we got dealt in life is all we have to play with. Or to say, ‘Ah well, I should have started a pension in my early twenties – it’s too late now.’ But we can change anything we want – it’s never too late to start [...]
You may hear get rich quick promises in late night television ads or information. You may also see promotions about ways to get rich quick on the Internet by trading in foreign currency.
Don’t believe any of them. Forex trading is risky and requires a significant amount of time to learn to do properly.
Avoid getting caught [...]
The best way to manage your risk is by setting up orders to take your profits when you first open your position. That way you don’t risk getting caught up emotionally in the winning moment and ride your profits to a loss.
Set up stop-loss orders when you first open your position. That way your logic [...]
Economic indicators provide a snapshot of key parts of a country’s economy. You can read stories almost every day about how well a country is doing based on some economic indicator. Popular indicators track employment, money supply, interest rates, housing starts, housing sales, production levels, purchasing statistics, consumer confidence, and many factors that impact the [...]
When trading Forex, you need to know a lot more than just the exchange rate between the two currencies you want to trade. You also need to know about the economic and political conditions of the countries whose currencies you plan to trade.
In addition, you want to watch for any dramatic moves in the value [...]