Personal Finance

Reuters reported that catastrophes will drive insurance rates higher, “Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. Insurers are increasingly concerned about the impact of bad weather linked to climate change, with an increase in…

Buying your first home may be too overwhelming, especially if you’re a first-time home buyer and don’t qualify for a conventional mortgage. In this case, you can apply for a private mortgage insurance. “A 2018 report from Realtor.com revealed that millennial homebuyers are taking on bigger mortgages than ever before — a result of more…

Although investing your money in a particular venture brings about inherent risks, many people still do so for the possibilities of gaining more profit in the long run. However, considering how many people may not be comfortable with the thought of staking their cash away and not getting the necessary results that they have wanted…

Some lottery winner or celebrity who came into a large amount of money yet who still manages to end up broke. We see and hear about their stories all the time in the newspapers or on TV. The secret to real financial security isn’t in how much money you make but rather how you manage…

Asset Allocation is the process of dividing investments among different kinds of asset classes (such as stocks, bonds, cash, real estate, commodities, etc.) to try to meet specific financial goals. Traditional asset allocation models do not work for real people because their portfolios are much different from institutional portfolios. The portfolios of most people do…

There are some shocking statistics about the state of the economy today and the amount of debt that people have accumulated. All this goes to show just how important it is to save money and here are five top tips for saving and a little debt help for those that need it. 1. Review you…

In order to keep your car, home, apartment, or health insured, you need to pay your monthly premium. An insurance premium is a monthly or annual payment made to an insurance company that keeps your policy active. Health insurance, life insurance, auto insurance, disability insurance, homeowners insurance, and renters insurance all require the policyholder to…

If you are new to the world of finance, one question you may want answered relates to what is amortization. In simple terms, amortization is the process of paying off a loan in the form of uniquely structured payments given on a periodic basis. An amortized loan is different than regular loans because of the…

The ultra-wealthy don’t get caught up in the latest fads, pouncing on the next “new” thing. Take bitcoin, for example. The cryptocurrency took off in 2017, making instant millionaires out of some early investors. That spurred a lot of people to jump in and try their hand at making a fortune. That could be fine…

Goal setting in trading and investing, and indeed in any area of your life, has two vital items involved in goal setting and goal attainment: i) perceived difficulty of the goal; and ii) how specific your goal is. The more perceived difficulty in the goal and more specific the goal is, the more likely you…