Build wealth. Love your life
Yesterday I opened my Nutmeg account (for my readers in the US, Nutmeg is the UK ‘sister’ of Betterment) and the first thing I saw was a message saying: I’m in for the long run: history tells us that savvy investors stand firm when markets are choppy! The next thing…
As you know, the Forex market is open for 24 hours a day, 5 days a week. Since it is a truly global market, it is always business hours. However, you’ve probably noticed that volatility isn’t always the same. There is greater volatility at specific times of specific days, which…
Planning for the future can be a headache; you’ll want to ensure you have enough money for major life events such as getting married, moving house and eventually your retirement. Finding a balance between present and future needs can be tough, but having investment strategies that are based upon your…
We received some interesting comments on our post about FX trading and spread betting. One of the most heartfelt was the ‘Don’t do it!’ by our friend Sara from the Debt Camel. (We love her site and if you need no-nonsense information about debt busting go, have a look!)…
Editor’s note: We’ve been researching FX trading – and its cousins spread betting and contact for difference (CFD) for a good while now. John has been dabbling, with some success, as well. Still, FX trading is a ‘high entry’ endeavour: it’s specialised, demands varied knowledge, needs level headedness, understanding of…
Have you ever asked yourself how to invest money? Has a painting from an up-and-coming artist caught your eye in a local gallery? Or have you considered fixing up vintage cars and reselling them at a mark-up? These are all forms of alternative investments. If you want to diversify your…
Editor’s note: Many regular readers of The Money Principle have probably noticed that lately I’ve been writing much more about earning money, making money and investing than about paying off debt and money management. This is not because I’ve forgotten about all my readers who are paying off debt; quite…
Traders these days do not always buy and sell shares directly. Many use spread betting or contracts for difference, particularly if they are short term traders wanting to take advantage of market volatility – buying and selling during the day or week rather than looking to invest for the long…
The other day I was talking to a younger colleague of mine and it occurred to me that young professionals today have a specific problem. No, it isn’t that they are in debt because of expensive but relatively useless education. As it happens, my colleague and his wife have paid…
We have a financial time horizon of 5 years. Why? Because we are of a certain age and want to have time to enjoy ourselves before the Grim Reaper arrives at our shores. We do have provision for a semi-comfortable retirement but have no intention of retiring. Life is…
Couple of months ago I was invited by TD Direct Investing to take part in a debate on investor confidence. Of course, I accepted; after all following our hunter’s focus on debt our sight has moved to how to invest money. Having said that, we do believe that the principles…
As regular readers will know, we have started to think of investing in order to build sufficient money so we can sit back – or lie back – enjoy ourselves and do some good. Maybe it is a bit late in the day but since we haven’t cracked time…