Simplifying financial decisions
Many people are interested in investing to secure their future. It is usually understood that it is not a good idea to rely entirely on the government to provide sufficient funds for retirement. There are many financial products to choose from that allow individuals to take care of their own financial future. Many things can [...]
Continue reading...28. December 2011
Retirement Savings Options
Guaranteed Investment Contracts GICs for short, guaranteed investment contracts are fixed-income contracts issued by insurance companies as an investment option for 401(k) retirement plans. Another, more common, name for GICs is “stable value funds.” Like Certificates of Deposit, only tax-deferred, GICs pay a fixed-interest rate for a specified period of time (e.g. 3 to 5 [...]
Continue reading...26. December 2011
Explaining Covered Calls
Make more from your investments by trading covered calls If you’re getting started in option trading, covered calls are usually one of the first new strategies you’ll encounter. They’re also popular with experienced traders looking to earn extra income from their portfolios. Writing covered calls is thought one of the lowest-risk strategies for option trading, [...]
Continue reading...20. December 2011
But “I Need Money”!
It’s rare to go through life without saying “I need money”. If that’s where you are right now, read on for some ideas about how to get the money you need! Because the Internet is full of sketchy ideas and shady propositions, the NeedMoney.com crew have compiled some of the best legitimate solutions to the [...]
Continue reading...18. December 2011
Protecting your identity from theft
Shopping online has become a popular alternative for people looking to skip the lines and chaos that shopping in stores can bring, but for incautious consumers shopping online can lead to a whole new set of problems as many cybercriminals look to scam unsuspecting holiday shoppers. “Online shopping has become so popular that it now [...]
Continue reading...8. November 2011
The recession and its effect on your retirement savings
After working in executive management for over ten years with a steadily increasing salary, Rick Stephens, 51, was laid off from his job in June 2008. Two years of steady unemployment later, he has sold his car, moved in with his 75-year-old father and blown through all his retirement savings to stay afloat. “I pay [...]
Continue reading...7. November 2011
“I need money!” But how much?
How much money buys happiness? A wide body of research suggests the number is approximately forty thousand dollars a year. Daniel Gilbert, professor of psychology at Harvard University, says once you have enough money to meet basic needs – food, shelter, but not necessarily cable —incremental increases have little effect on your happiness. Aaron Karo, [...]
Continue reading...7. November 2011
Eating Out and Saving Money
Eating out is one of the many pleasures of life and a great convenience when you’re too tired or swamped to cook, but it’s also one of the biggest budget busters. If you’re looking to cut your costs, you don’t have to sacrifice dining out altogether, though. Here are some tips and resources to eat [...]
Continue reading...30. October 2011
Making a Budget
What is the best way to start a budget? The first thing that anyone who wants to make a budget must do is to compare their income versus their expenses. The good thing is that it is quite easy to do. It’s too bad most of us never learned this in school and had to [...]
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25. January 2012
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