Economics is the study of how people use resources to satisfy their needs and wants. It includes the study of how people allocate their time, energy, and money to produce, consume, and exchange goods and services. Economics also looks at how economies work and how they are affected by changes in government policy, technology, and other factors.
Then why does this matter to me? You might ask. Well it all boils down to personal finance. If you have decided to improve your finances and increase your future income or your savings, then this should interest you. In order to take better decisions regarding investing and your personal economy, you should read up and learn as much as possible about the events that might impact the economy. Whether it has an impact on your personal economy or the companies you invest in or the nation’s economy.
J.P. Morgan: Worst stock market climate in 25 years
Right now, the financial market seems to only have inflation on their minds. However, there are other parameters that are just as important. Investment bank J.P. Morgan is sounding the alarm for the actions of the largest central banks (G5). Decreased money supply In recent years, the swelling balance sheets of central banks have been…
Rolex and Patek Philippe better than stocks
Luxury watches from the well-known brands Patek Philippe and Rolex have increased in value by around 20 percent each year since 2018. This provides a return that beats stocks by a wide margin. The S&P 500 provided an average annual return of 8 percent from August 2018 to January 2023. Used luxury watches from top…
The ABC of Personal Finance
In personal finance, the ABCs are asset allocation, budgeting, and credit management.
Asset allocation is the process of dividing your assets among different investments to achieve your financial goals. There are three main asset classes: stocks, bonds, and cash. Each has different characteristics and risk levels.
Budgeting is creating a plan to track your income and expenses. It’s important to live within your means and save for both short-term and long-term goals.
Credit management is using credit wisely. This includes things like paying your bills on time, maintaining a good credit score, and not borrowing more than you can afford to repay.
Investing in Tech Stocks
Technology stocks are a broad category of stocks that relate to the research, development and/or production of technological goods and services. The sector includes computer hardware and software, semiconductors, telecommunications equipment, the internet and other technology-related products. Historically, the technology sector has been a high-growth industry. The sector has outperformed the broader market in 11…
Why Diversifying Your Investments is Important for Achieving Financial Goals
Achieving financial goals is important for everyone, but especially for those who are nearing retirement. Diversifying one’s investments is one of the most important keys to success. There are a number of reasons why diversifying your investments is so important. First, by spreading your money across a number of different investments, you are less likely…
The ABC of Investing
Investing can be a confusing and intimidating topic for many people. However, it doesn’t have to be! It can also be quite fun and exciting.
What is investing? Investing is simply putting your money into something with the expectation of earning a return on your investment. For example, you might invest in stocks, bonds, or real estate. Why invest? There are two main reasons to invest: to grow your wealth over time, and to generate income. Growing your wealth means that you’ll have more money saved up for retirement or other future goals. And generating income from investments can help you reach your financial goals sooner.