Author Archives: Corey

3 Ways NOT to Respond to the Stock Market Crash

3 Ways NOT to Respond to the Stock Market Crash

I’ve talked to several friends and colleagues who are worried about losing more money, swearing off the stock market, and so much more. While I understand that it feels horrible to lose 10% of your investments in such a short period of time, these are novice mistakes. How you react to a stock market crash is a telling sign of your experience as an investor.Continue Reading

Things that Affect the Market

Things that Affect the Market

Wall Street is a fascinating place. Every single day of the week whole businesses are bought and sold based on years of future earnings, but a single day can send investors into a panic. You’ve seen articles summarizing a previous trading day. Headlines explain the market’s rise or fall often with a single data point. “Stocks rise 2% as home sales surge!” or “Wall Street ends winning streak on profit taking” are stories you’ve likely seen before. Every move on Wall Street has a cause, at least that’s what the newspapers tell us.Continue Reading

Adding Investment Arrows to Your Quiver, With FX Trading

Adding Investment Arrows to Your Quiver, With FX Trading

Adding arrows to your quiver: it’s an archery metaphor that refers to having a lot of solutions to a single problem. I don’t know enough about archery to extend this metaphor in any direction, so let’s just leave it laying right there and move on, confident that you know what the heck I’m talking about.Continue Reading

How to Save Money: Even Your Milk Money Counts

How to Save Money: Even Your Milk Money Counts

Do you find yourself saying that you don’t have enough money? Is it hard to find the pennies necessary to pay the bills? Saving money can be difficult at times for a lot of reasons. Whether it is because you are stuck in contract to lease a car or can’t stop yourself from buying the latest, greatest item, it can be hard to save money. The simple fact is that it is hard to postpone gratification when you get a “high” right now. The important principle in understanding how to save money is that every little bit helps… even your milk money.Continue Reading

Why Young Adults Need to Use Credit Cards

Why Young Adults Need to Use Credit Cards

Unfortunately, financial advisers have related mixed opinions when it comes to using credit cards. I say unfortunately, because there is nothing to dislike. I got my first credit card when I was 18 and have been using it since then. Not only has it earned me thousands of dollars in rewards since then, but it has added other benefits as well. Despite what people may think, using credit cards is an important action for any young adult to take. Here’s a list of reasons why you NEED TO START USING A CREDIT CARD if you are not already using one.Continue Reading

How to Get Through College

How to Get Through College

College is a time where young adults are forced to adapt. Everything changes and in order to get through college, you are forced to adapt. There are a lot of things to learn when going to college, but here’s a few things that are necessary.Continue Reading

How Foreign Currency Exchange is Transforming the World

How Foreign Currency Exchange is Transforming the World

Money is a pretty simple concept when you look at it from a distance. It’s a representation of value. Rather than having to barter and trade one thing for another thing, like in olden times, you can your thing for a small, portable representation of its value. Money itself, the physical bills and coins we carry in our pockets, are just stand-ins for ideas. With the rise of Bitcoins and other digital currencies, the physical attributes of money are starting to fade in importance.Continue Reading

Best Way to Track Your Net Worth

Best Way to Track Your Net Worth

I USED to think that tracking your net worth was for rich people. It was just something that older people did, or even people who were older and closer to retirement. I thought it was just one of those things that people with a large net worth used to brag. My opinion changed when I started to understand what a net worth measures that other things do not. I started to track my net worth, but my process has improved over the years. Find out how to track your net worth efficiently.Continue Reading

How Investments are Taxed

How Investments are Taxed

Never does a year go by without a more complicated tax code. The complete tax code now stands at more than 76,000 pages and millions of words. Investors have to deal with quite a few different tax rules, laws, and policies. Let’s look at how different investments are taxed from the ground up.Continue Reading

Saving Money by Planning for Extra Funeral Costs

Saving Money by Planning for Extra Funeral Costs

One important way to pay for extra funeral costs are planning for them. However, how much do you need to have for this process? Below are a few ideas on how you can save money by accurately planning for extra funeral costs.Continue Reading