Your Wealthy Mind

Because Ideas Change Lives

Home » personal finance » Page 7

SkyCap Financial’s SkyCap Loans: How They Can Help

by Leave a Comment

*Article contributed by Amin.

Personal loans are one of the most versatile financial products available. They can be used to cover a range of expenses such as making home improvements or purchasing a vehicle.  Since personal loans are unsecured, meaning borrowers aren’t required to put up a collateral, lenders use factors such as income, credit score or job history to determine eligibility. Personal loans allow you to borrow a fixed amount of money and pay it back with interest in monthly installments, which can be a valuable asset in building good credit.

[Read more…]

Forex Demo: What Is It and What Can You Expect?

by Leave a Comment

*Article contributed by Sarah Morris.

Delving into foreign exchange – more commonly known as forex trading – is exciting. Many people have claimed to earn a substantial amount of income via forex trading nowadays. There is a learning curve, however, to becoming an expert in trading currencies. Helping beginning traders like you negotiate through the learning process is precisely what forex demos are for.

A forex demo account is a practice account. Similar to how beginning pilots get better at flying by going through flight simulation programs, trading with a forex demo account is a good way for you to experience real trading without losing real money.

Sounds perfect, right? Experienced traders give a caveat. Forex demos can sometimes mislead newbie investors into thinking prematurely that they are already good at trading. How do you avoid this? By knowing exactly what to expect out of forex demos, you can educate yourself on forex trading before you actually begin trading with your hard-earned cash. It will also help you manage your expectations of yourself as a live trader who’s transitioning from being a forex demo trader.

Here are some important things you need to know about forex demos:

[Read more…]

How to Get a Home Loan If You Are a First Time Buyer

by Leave a Comment

*Article contributed by Sasha Belopoljanski.

Buying your first home is a momentous occasion. After all, having a place that you can call your own is one of life’s greatest achievements. But it’s not something that happens overnight and with little in the way of effort. With the real estate market approaching pre-recession highs, it can be tough to purchase a home without taking a substantial loan to help cover the costs.

First-time buyers in particular may find the act of navigating the various home loan options out there quite challenging. So let’s take a closer look at the three most common loan types and see which one fits best for your situation:

[Read more…]

Investing for Filipinos: Investment Options Beyond Stocks

by Leave a Comment

*Post contributed by Jason Garcia.

Only around 8 percent of Filipinos have investments in assets like stocks, bonds, and mutual funds. Although volatile, stock investment has proven to be a good instrument for building wealth. Other investment vehicles like mutual funds and VULs have made investing more accessible even for Filipinos who have little knowledge about the security markets. So what’s keeping many Filipinos from investing? One factor is that the complexity of investing is putting them off. There’s also the fear of losing money. After all, investments like stocks do come with risks. But investing is actually not as complicated as you think. And there are investment options that are safer than stocks. Several Philippine investments have also made the process easier. Read on to learn more.

[Read more…]

Trading Basics: Stock and Forex Trading Terms for New Investors

by 1 Comment

Tagalog Version (Click Here)

In a previous article about how to start an online investment account, I mentioned that lots of people in the Philippines have become more interested in saving and investing. Unfortunately, the world of investing has many complicated words and terms that people don’t normally use and they tend to scare off a lot of newbies. A lot of people likely give up once they come across sentences and phrases that they don’t understand, and because of that they lose an excellent opportunity to learn how to improve their financial life.

That is the reason why I created this short guide. Here are a few stock and forex trading terms that newbies should learn!

*By the way, “forex” means foreign exchange and it refers to trading currencies.

[Read more…]

Privacy Policy

Affiliate Policy