A food and personal finance blog
I love talking about personal finance and wealth building. Stay tuned for regular updates to this section. I am sure you will find this useful!
In light of the latest COVID-19 outbreak, and the recent oil price-war, the world is seeing another ongoing stock market crash that started in February of 2020. Many states (and some countries) have declared a state of emergency. Business has slowed down, many small businesses…
A car is probably the first biggest purchase of your life and perhaps the second biggest in your lifetime. The biggest purchase being your house. So when you ask the question how much car can I afford, the purchase price of the car and the…
Are you burdened by a mountain of debt? Is it a constant struggle for you to be debt-free? Are you stressing over whether you will ever get out of your debt? Or perhaps, you are great at managing your debt but have a little extra…
An ETF or an exchange traded fund is a collection of securities that trades on an exchange. Even though there are some similarities between ETFs and mutual funds, ETFs are a whole different category. ETFs were first introduced in the United States in 1993 and…
Mutual funds offer a way to invest in a bucket of stocks or bonds or other asset classes. And, if you are new to investing, mutual funds may be a better option to achieve diversification without investing in multiple individual stocks or bonds. Moreover, mutual…
Most people are underprepared for retirement. Many underestimate how much investment they would need to be able to live comfortably. How much do you think you’ll need to save to be able to retire and relax? Use this retirement calculator to see how much you…
Let me begin by saying that this is just a hypothesis. There are people who believe in it and there are those who disagree with it. Then, there are those who believe in some version of it. The premise of the Efficient Market Hypothesis or…
A brokerage account is a taxable account that holds financial assets such as stocks, bonds, ETFs, money market funds, REITs, etc., on behalf of an investor. These assets are owned by the investor and not by the brokerage firm. The brokerage firm only acts as…
If you have never made investment decisions before, the trickiest question is how to start investing. Where do you start? What are your investment options? How much should I invest in each investment class? Are there any systematic strategies? I am going to try to…
If you have a large sum of money that you don’t wish to risk yet would also like to earn some interest, money market account is the answer. Most online banks offer money market accounts to their customers. They generally pay higher interest rates or…