Before any financial fraud takes place, the fraudster must have had a well planned and fail proof strategy to convince you to dip your hand into your wallet.
Financial Intelligence requires that you not only know how to make and multiply money, but also how to keep it (from yourself and fraudsters) and make it work for you.
Hedge funds is different from mutual funds in that they cannot be sold to the general public and are subject to a different set of regulations.
Good Debt is the type that allows you to accumulate assets that will increase in value either by capital gains it by generating CashFlow. You can use the income derived from the asset to repay the debt.
Liabilities on the other hand, are the obligations and debts a company or an individual owes and have to be settled either in the short term or long term. A liability is usually money owed by a business for the purchase of an asset.
Liabilities could arise from borrowings which may be made to improve business or personal income and are paid back over an agreed period of an interval.
From the personal finance and investment perspective, there are four classes of assets that you need to have available to build an investment portfolio.
An asset is any form in which wealth can be stored and held - long lasting item of property that can be reasonably expected to contribute to the future profits of a business.
From our discussions on Inflation so far, you can see that it is difficult to classify Inflation as either good or bad. When it is bad for some people, it…
From the last series, you now know how high inflation creates uncertainty and can wipe away the value of money savings. But I also mentioned that while inflation is a…