The rule of thumb when it comes to selling any asset you own is that, no matter what it may be, you want to come off on top of the deal with a profit, no matter how minuscule. This profit is known as a capital gain, and it can be …
In our fast-paced world, personal investment can go a long way in helping you achieve financial security. It is crucial to look into private investments to build wealth. Personal investments help avoid financial hurdles. This list of examples may help you decide what type of personal investments are best for …
Most of the results from a search for “has anyone ever got rich off penny stocks” are instances where a particular company has gone from being a penny stock to significantly higher-priced stock. It’s hard to find specific examples of people getting rich from investing in penny stocks. There are …
“Should I keep my money in the bank or at home?” Keeping your money “under your mattress,” as the cliché goes, means that you’ll lose purchasing power due to the eroding effects of inflation. While it doesn’t hurt to have easy access to cash, there are better options than hiding …
Previously, I covered some simple (yet, potentially effective) ways to invest some money. Here, I’ll get into investments that are a little more complicated. However, this is a decision that many of us will have to weigh at some point in our lives – 401(k) vs IRA vs Roth. “Contribute …