There are many podcasts available that can help you get more information about personal finance. Each podcast provides tips and advice from financial experts to help you get your financial freedom. These experts provide tips and advice on how to invest, budget, taxes, as well as other important money matters.
Bobbi Hill hosts the podcast, which focuses on personal finances and teaching financial independence to young people. Guests on the show share their experiences with money and how they plan to grow their wealth. She also interviews professionals and business owners to find out how they manage their money. Also discussed are investing and entrepreneurship.
The Australian Investors Podcast features conversations between top investors. This podcast discusses the investment strategies of successful investors as well as investment pitfalls. Many of the episodes featured financial industry executives and authors. They share their stories about how they got rich, what they have learned and how they succeeded. The show's guests include Strawman Andrew Page and Chris Brycki, founders of Stockspot.
The Dave Ramsey podcast is one of the most popular in America. The podcast covers many financial topics including taxes, investing, retirement and debt. Ramsey also answers phone calls.
Another podcast to check out is the Money Girl podcast. Laura Adams, a podcast host, discusses investing and personal finance. Her episodes provide a simplified explanation of complicated financial topics such as student loan debt and tracking net worth. She also explains how to invest in stocks. Her guests discuss their own financial stories, and share tips and tricks for getting out of debt, using credit cards properly, and making money with a side business.
FIPhysician podcast is another podcast that focuses on personal financial matters. Big Al Clopine, a certified public accountant, joins the show for episodes that cover asset allocation, 1031 exchanges, bonds, and more. He also shares his own experience as an early retiree.
You can also check out the Money Nerds podcast. It features contemporary voices and innovative ways to explain the economy. There is even entertainment. This podcast is great for anyone looking to learn how to make your finances more enjoyable or hear about people who have saved and invested well.
Despite its name, The Payback Time is actually a podcast designed to inspire you to get rich by creating recurring income. Many listeners have asked how to make a passive income as well as how they can achieve financial independence. Two millennials are on their way to retirement in a recent episode. The show has previously covered real estate investing basics and building habits that last.
Money Bites, another podcast that tackles money-related questions, is also available. The podcast is hosted by a father/daughter team and covers entertainment as well big money issues. Previously, they've discussed renting a vacation home, rebalancing a portfolio, and tackling a large amount of debt.
Your Money's worth is another great podcast about personal finance. This podcast teaches listeners about how to use income to pay off debt and save for retirement. Financial advisors, entrepreneurs and others are among the featured guests. The podcast features guests who discuss how to create a 401k and other investments, as well as how to select a financial advisor.
FAQ
How can I choose wisely to invest in my investments?
It is important to have an investment plan. It is important that you know exactly what you are investing in, and how much money it will return.
You should also take into consideration the risks and the timeframe you need to achieve your goals.
This way, you will be able to determine whether the investment is right for you.
Once you have settled on an investment strategy to pursue, you must stick with it.
It is better not to invest anything you cannot afford.
Which fund is the best for beginners?
When you are investing, it is crucial that you only invest in what you are best at. FXCM is an online broker that allows you to trade forex. You will receive free support and training if you wish to learn how to trade effectively.
If you are not confident enough to use an electronic broker, then you should look for a local branch where you can meet trader face to face. This way, you can ask questions directly, and they can help you understand all aspects of trading better.
Next is to decide which platform you want to trade on. Traders often struggle to decide between Forex and CFD platforms. It's true that both types of trading involve speculation. Forex is more reliable than CFDs. Forex involves actual currency conversion, while CFDs simply follow the price movements of stocks, without actually exchanging currencies.
Forex makes it easier to predict future trends better than CFDs.
Forex can be very volatile and may prove to be risky. For this reason, traders often prefer to stick with CFDs.
We recommend that Forex be your first choice, but you should get familiar with CFDs once you have.
How can I grow my money?
It's important to know exactly what you intend to do. It is impossible to expect to make any money if you don't know your purpose.
It is important to generate income from multiple sources. You can always find another source of income if one fails.
Money does not come to you by accident. It takes planning and hard work. To reap the rewards of your hard work and planning, you need to plan ahead.
What should I look at when selecting a brokerage agency?
You should look at two key things when choosing a broker firm.
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Fees - How much commission will you pay per trade?
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Customer Service - Can you expect to get great customer service when something goes wrong?
You want to choose a company with low fees and excellent customer service. You will be happy with your decision.
How do you know when it's time to retire?
First, think about when you'd like to retire.
Is there a specific age you'd like to reach?
Or would you rather enjoy life until you drop?
Once you have set a goal date, it is time to determine how much money you will need to live comfortably.
Then you need to determine how much income you need to support yourself through retirement.
Finally, you must calculate how long it will take before you run out.
Statistics
- Most banks offer CDs at a return of less than 2% per year, which is not even enough to keep up with inflation. (ruleoneinvesting.com)
- As a general rule of thumb, you want to aim to invest a total of 10% to 15% of your income each year for retirement — your employer match counts toward that goal. (nerdwallet.com)
- Some traders typically risk 2-5% of their capital based on any particular trade. (investopedia.com)
- 0.25% management fee $0 $500 Free career counseling plus loan discounts with a qualifying deposit Up to 1 year of free management with a qualifying deposit Get a $50 customer bonus when you fund your first taxable Investment Account (nerdwallet.com)
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How To
How to invest into commodities
Investing is the purchase of physical assets such oil fields, mines and plantations. Then, you sell them at higher prices. This process is called commodity trading.
Commodity investing is based on the theory that the price of a certain asset increases when demand for that asset increases. The price will usually fall if there is less demand.
You want to buy something when you think the price will rise. You'd rather sell something if you believe that the market will shrink.
There are three types of commodities investors: arbitrageurs, hedgers and speculators.
A speculator would buy a commodity because he expects that its price will rise. He does not care if the price goes down later. One example is someone who owns bullion gold. Or an investor in oil futures.
A "hedger" is an investor who purchases a commodity in the belief that its price will fall. Hedging can help you protect against unanticipated changes in your investment's price. If you own shares in a company that makes widgets, but the price of widgets drops, you might want to hedge your position by shorting (selling) some of those shares. By borrowing shares from other people, you can replace them by yours and hope the price falls enough to make up the difference. If the stock has fallen already, it is best to shorten shares.
A third type is the "arbitrager". Arbitragers trade one thing for another. For instance, if you're interested in buying coffee beans, you could buy coffee beans directly from farmers, or you could buy coffee futures. Futures enable you to sell coffee beans later at a fixed rate. While you don't have to use the coffee beans right away, you can decide whether to keep them or to sell them later.
You can buy things right away and save money later. You should buy now if you have a future need for something.
However, there are always risks when investing. Unexpectedly falling commodity prices is one risk. Another is that the value of your investment could decline over time. You can reduce these risks by diversifying your portfolio to include many different types of investments.
Another factor to consider is taxes. Consider how much taxes you'll have to pay if your investments are sold.
Capital gains tax is required for investments that are held longer than one calendar year. Capital gains taxes only apply to profits after an investment has been held for over 12 months.
You might get ordinary income instead of capital gain if your investment plans are not to be sustained for a long time. For earnings earned each year, ordinary income taxes will apply.
You can lose money investing in commodities in the first few decades. As your portfolio grows, you can still make some money.