Financial Advice Archive
Posted on November 08, 2015
Many people believe that real estate is the best possible investment – or at least it is probably the most common advice we will hear while we are talking to our friends. But is it really such a great idea to invest our money in real estate? While there are some arguments for it, there are some drawbacks that are not that obvious at first.
Posted on November 01, 2015
When we are investing money there is always a risk involved, but for most of us the size of that risk really matters. If we are good at risk management our investments can have (higher) returns, but if we are not, we can lose our hard earned money. The risks are depending on what kind of investment we chose and how patient we are.
Posted on October 18, 2015
One of the hardest questions to answer is this: which payment (credit or debit) card is the best to have? There is no easy answer to the problem, since the card networks rarely tell us exact numbers concerning their cards and a lot depends on the user as well. One thing seems sure though: MasterCard and Visa are the biggest.
Posted on September 27, 2015
Nowadays easy and almost permanent access to the internet makes our lives easier in many ways. We can do the groceries without leaving our homes, we can watch films or stream music while commuting. The same goes for banking: even in the ‘90s most of us didn’t even think about starting a transaction or checking our account balance without going into a bank’s branch - but that is so last century.
Posted on August 09, 2015
The ability to convert assets into cash without huge losses can be quite important sometimes. As well as having high personal/company liquidity to easily meet our short-term or unforeseen obligations. If we have all our money in illiquid assets (eg. a long-term bond or real estate), we cannot use our resources as we intend to for a specified period of time, and that can lead to a liquidity crisis. How can we avoid this serious problem?