FOREX 101 – How Foreign Exchange Currency Market Trading Works

You may know about stock markets but how about the foreign exchange market (FOREX)? If you’ve never heard of it, you should because it’s substantially larger than any single stock market. The New York Stock Exchange (NYSE), for example, handles $153 billion a day in volume, but the foreign exchange …

Read more

Gold: A Sound Investment or Overrated?

You’ve probably noticed by now that gold, and more specifically skyrocketing gold prices,  is just about the only thing people talk about these days. Buying gold has become the new trend in investing as the “gold-boom” continues. With the stock market looking as risky as ever, bonds at the mercy of impending inflation and savings interest rates still yielding at low levels, there has been an understandable flight to gold in the recent past.

Gold, as it always has been, is a natural hedge to currency – and more specifically the US dollar. It isn’t the only one, mind you, it’s just arguably the most popular one. Any precious metal, commodity and in some cases, even stocks will serve as an inflation hedge. As long as your asset isn’t directly tied to the dollar, you should be fine.

Yet, investors have been rushing to gold during every scare the economy has experienced, pushing prices into historic highs. According to Goldprice.org, an ounce of gold currently costs about $1,325. What does this mean? It means that if you’re thinking about investing in gold, you should be REALLY sure about why you’re doing it.

Golden Moments in U.S. History

Read more

Battle of the Banks: Local Versus National

There’s a lot to consider when choosing your bank. After all, the fate of your hard-earned money lays in the decision. The institution charged with keeping your funds secure and fostering their growth into a sizable sum has a lot of expectations to meet. Usually, consumers look for banks that …

Read more

How Do I Go About Investing in Mutual Funds Cheaply

The title of this post was based on a question I recently received from a reader – Ben – who was new to equity investing and wanted to get some basic advice on investing in the stock market. He has about $5,000 to kick start his portfolio and wanted a …

Read more

Breaking Down and Improving your FICO Credit Score

As you may know, based on some recent articles, I have started my home buying process. I have looked at many factors like the economy, monies available for down payment and job security when weighing the decision to buy a place. However, I have found that the one financial factor …

Read more

Gold Price Outlook and Forecast For 2023

[Updated] Gold prices reached record levels following S&P’s sovereign credit downgrades and ongoing fears of Euro market/region instability. Coupled with volatility in global equity markets many investors and sovereign nations have rushed to invest in the yellow metal for protection and price speculation. A number of analysts are predicting that ongoing …

Read more

Dollar Cost Averaging Myths

Dollar cost averaging (DCA) seems to be a hot topic of late with many experts saying to continue buying shares, even as they keep falling in price. For those of you who may not understand DCA, it basically means that you continue to buy more shares in companies that you …

Read more

Stock Market Volatility – Now is NOT the Time to Sell

Today’s bad economic news coupled with investor fear sent the stock market spiraling to a 5 year low. A sense of panic and fear seems to have entered the hearts of many investors, including myself, and the urge to sell and get out of the market is strong. But now …

Read more