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Personal Finance

Want to know your net worth?

Want to know your net worth?

Net worth is a measure of your financial well-being. It will help you track how close you are to your financial goals. In isolation, it gives you some sense of how wealthy you are. But if you track it quarterly or even annually, it should […]

Money Market Accounts

Money Market Accounts

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 […]

Buying a home

Buying a home

Whether you are buying your first home or are a seasoned buyer of real estate investments, the process can be both exciting and overwhelming at the same time. Following this simple checklist will help you get things in order and make the process enjoyable. I […]

Improving your credit score

Improving your credit score

Credit score is a very important number that determines your creditworthiness to lenders if you are seeking a loan or your landlord if you are seeking to rent a real estate property. There are several ways to calculate a credit score. FICO score is one […]

Mortgage Calculator

Mortgage Calculator

This free mortgage calculator will help you estimate your monthly mortgage payments. The components of a mortgage include your principal, interest, property taxes, property insurance, and PMI. Change the inputs to the calculator to estimate how it impacts the different components of your mortgage. Here’s […]

Business cycle stages

Business cycle stages

A business cycle is a cycle of fluctuations of the economic activity measured by the gross domestic product, or GDP, of a country. From its trough to peak, it is divided into 5 important stages, as defined by Calverley, and shown below. The first stage […]

The case for diversification

The case for diversification

Diversification will minimize your portfolio risk and to do so you will have to invest in different types of assets instead of concentrating your bet in a single asset class. The picture below shows the annual performance of different asset classes from 2008 to 2018, […]

Investment decision process

Investment decision process

The investment decision process should be very similar to the shopping process you follow for goods and services, such as clothes, or electronics. While shopping for any product, you try to evaluate how much that product is worth to you, is it good value for […]

Market Index

Market Index

“The Dow hits an all time high”. “US Market Indexes start the week with gains”. “Nasdaq exits bear market as stocks rally”. You may have read similar headlines in the newspapers and heard them on evening news. But what exactly is a market index? A […]

Types of Investments

Types of Investments

As an investor, you have a variety of vehicles to invest in. Each investment type comes with its own risk-return profile. Here are some of the different types of investments that may be available to you: Bank Products Checking and savings accounts are basic products […]