People improving their performance cam make them triumphant traders. To improve their performance, investors are required to do hard work and follow some strategies. The millionaire traders have not got to their current position by depending on luck. They have gained adequate knowledge about the market and have always tried to separate psychological complexities from crucial trading decisions. There are some guidelines for managing the buying and selling process to do well in the Forex market. Let’s dive into the details. [Read more…]
What to do When Your Spouse Won’t Invest
Money is one of the things that can cause the most strife in marriages. Having different priorities about how money should be spent or different methods of handling money is usually the problem. But what if the bills are getting paid and most of your goals align except for investing? What if you have approached your spouse multiple times and they won’t budge? How do you know what to do when your spouse won’t invest?
1. Ask About Their Investment Fears
Since you already know your other half doesn’t want to invest, maybe you need to listen. Ask what is holding them back. Find out what their fears are when it comes to investing. Perhaps they don’t have all of the facts such as what type of investment you are interested in or what the success rate is. Maybe they don’t personally know anyone who has had success in investing so they feel the numbers are faked.
As you talk about your spouse’s fears when it comes to investing it’s best to try to keep them calm and not say things that will upset or anger them. Their concerns are valid even though they may be different and have a point of view that is not the same as yours. Let them know you understand and appreciate their honesty in discussing it with you.
The truth is, until you let your spouse tell you why they don’t want to invest you can’t put them at ease about it and start investing.
2. Discuss Goals
Before marriage you probably discussed at least some of your life’s goals such as jobs, children, or traveling. Maybe you even talked a little about money such as paying off certain bills or student loan debt. However, many couples don’t think about the far off goals such as having money when it’s time to retire because it is so far off in the future it seems like it will never come.
But the truth is, the years pass all too quickly and suddenly you are middle aged with no retirement savings. To avoid that you must address the elephant in the room and have the hard conversations about investing. If you have talked about what is holding your spouse back you’ve already tackled one of the obstacles to investing. Now it’s time to discuss your future goals. Do you want to travel in the future? Or maybe you want to retire early and open your own business. Of course, your goals could be as simple as retiring someday with enough money in the bank to sustain your lifestyle. Whatever each of your goals are you should get them out in the open so you can move forward toward making them happen.
3. Make a Plan Together
Now that you understand each other a little better when it comes to your investment fears and future goals it’s time to start putting together a plan. Determine if you are in a financial position to invest and what would happen if you don’t succeed. Can you both handle the consequences? Will your marriage fall apart because you each blame the other? You need to make your decisions based off of what works the best for both of you. In many cases, investing in commodities like gold and silver could be a great strategy as commodities are something even newbies understand.
4. Start Small
If losing a lot of money is one of the fears your spouse has when it comes to investing maybe you could start off by investing only a small amount. Although there are a lot of ways to invest that require significant amounts of start-up money, such as starting a business or purchasing real estate, there are other ways to invest on a smaller scale. In fact, some types of investments, like the robo-investing company Wealthfront, have no minimums when it comes to how much you need to get started.
5. Seek Help
If your spouse is concerned about choosing the wrong kind of investment, because it’s a hard decision to make, you could get help in that area. Because investing has changed over the years you don’t have to hire financial advisor in fancy suit to make the decisions for you. Look at robo-advisors if you haven’t already done so. They are a great way to have help in your investments and are easy to use. In addition, one of the things they are known for is saving you time. A robo-advisor is a good way to get started investing if you aren’t sure how to begin.
While it’s true money, and investing in particular, can cause many an argument in a marriage it doesn’t have to be that way in yours. You may have different ideas about investing, but there are solutions that will provide you with a better future together even when your spouse won’t invest.
What other kind of approach could you take when your spouse won’t invest?
What It Means to “Bank on Yourself” and Make the Right Decision
It seems like there is no end to financial advice offered in this day and age. Before signing up for anything, it’s always a good idea to do some research. This also includes deciding if the Bank on Yourself idea is a good one. [Read more…]
Precious Metals Investment, Stocks, and Prices
One of the main differences between stocks and precious metals is that stocks are classified as equities. This means that stocks give their holders ownership of a portion of the company that the stock is issued for. Precious metals on the other hand do not provide ownership in a company. Rather, the holder of precious metal own physical product.
Make Money from Precious Metals
Investors in precious metals make money from increases in demand of precious metals. As demand increases for precious metals, their value rises. Similarly, lower supply of precious metals can have a positive influence on their prices.
As companies generate more profit and improve their business standing, the value of their shares can rise. This increase in value gives stockholders the opportunity to sell their stocks or even receive dividends at dates specified by the company.
What do precious metal investments, stocks, and prices have in common? A lot. Precious metals have become more desirable as an investment alternative to stocks, highlighting the shifting winds in investor’s approach to implementing strategies that satisfy their risk appetite.
Many believe that stock market investments are better than investments in precious metals because returns from the stock market can be significantly higher. For the past 19 years, an investment in the stock markets has provided returns of 400% while investments in precious metals have provided lower returns.
Stability of Precious Metals
Precious metals, particularly gold, silver, platinum, and palladium, have served as great alternatives in times of economic downturn where stock markets suffer from negative growth. Over the past 19 years many companies (listed) have come and gone as demand for their stocks reduced and prices plummeted. Precious metals, however are still on the scene.
There are risks associated with precious metals which owners of stocks may not be exposed to. There is no guarantee that precious metals will continue to be the safe haven we have come to know them as.
There are dangers of theft that can arise as a result of ownership of precious metals. Even with a safe, one can easily become a target for theft if word gets out that precious metals are stored at one’s home.
For many years, gold has served as the prime safe haven among precious metals. Banks and households around the world continue to bet on gold, investing unfathomable sums every year. To many, investing in gold is not an option but a necessity. The proof is in the pudding as previous economic downturns have shown.
What Determines Gold Price Per Ounce?
Paper notes have risen and fallen over centuries, but the value of gold has always been preserved. Although cultures traditionally revered gold for its elegance, investors are now buying gold to expand their assets, inflation hedges, and to guard against the devaluation of the currency. Gold is a worthy investment, but little is understood on how gold prices are calculated and what determines the gold price per ounce. [Read more…]
Creating Multiple Income Streams with Affordable Real Estate Investments
Have you thought about what to do with your money after you’ve gotten out of debt?
What should you do with that extra money that’s not going toward debt payments?
Of course, there are numerous options: [Read more…]
HOW TRADING BITCOIN GOT ME OUT OF DEBT
Bitcoin or say, any other cryptocurrency is just a way to store money and utilize it later on when its worth increases. Though this is a risky step to take, but many have been benefitted a lot through it rather than going into loss. And you know what? Many have even traded the bitcoin to get themselves out of severe debt cases. Though that’s all a matter of luck and also the economic situation of a state but currently bitcoin has been a source of real term profits.
Bitcoin in an interesting way of making loads of savings, cause it’s not the mainstream bank account money saving routine but in fact is thrilling and more engaging. Suppose if I purchase $100 of bitcoin, and after a year the worth raises even by 0.2% (thinking from the least) I would definitely get some amount for the investment I made earlier. This is how this profit cycle works. However, in different countries the case is different. Some people even go in debts after making huge investments in cryptocurrencies and that’s not what you should be doing AT ALL! There’s another surprising IT invention supporting the cryptocurrency; a software and that too, automated that claims to automatically trade, buy and sell bitcoin. It gives you a proper ratio of the market rate and hence makes sure that the currency you investing in is going to give you a decent profit.
This Bitcoin Trader review by Inside Bitcoins has eliminated the worries of the manual process, where you weren’t even sure the currency you are investing in is going to get you off debts or not. This software has also been endorsed upon the renowned programs such as the, ‘Shark Tank’ and the ‘ Dragons Den’. Trades are done within minutes and with amazing accuracy that you would be shocked upon. Additionally, here are some general tips I should drop in, so that trading bitcoin can quickly get you out of debt.
- This software can give you a return of almost 88%
- The app is highly functional, however you might have to handle some risks in auto-trading.
- For a beginner, I would suggest not to invest more than 250 euros. Once you get used to the software automation system and its functionality you can invest as much as you like, but for a start; keep it minimum.
- Your part is pretty much done, once you create an account and deposit the currency. Now you no longer have to contribute anything. Everything would be done by a Robot with 100% automation.
- Your account inside the software application is going to act as an app and get you the profits relative to your money.
This was all about how trading bitcoin can get you out of debt. Make sure to take the safety precautions before you jump into something you literally have no idea about! Good luck.