Steps to financial freedom are most effective if they are many, small and regular but most people try to approach financial freedom as might go at dieting. My motto in relation to both is “inch by inch, it’s a cynch, whereas yard by yard, it’s really hard”. The best book I’ve ever come across on … Read more
35 years after the US personal savings rate peaked at 14.6%, the personal savings rate has recently settled in at 4% in May 2010 (after turning negative in 2005). The Federal Reserve released data that showed credit card balances dropped .5 billion during April 2010, the 19th month in an unprecedented stretch of declining credit … Read more
People always say that investment is a money game with the playing rule of “high risk with high return and low risk with low risk”. You may want to invest in an investment portfolio that is able to give a good return and stock market is always the best choice in term of high return. … Read more
Mutual funds as a group perform badly over the longer term. Most cannot out perform the share index furthermore, a mutual fund is considered good if it reaches double digit gains. If you take into account the effect of inflation on growth, mutual funds don’t look so attractive and the risk is high, … Read more
Legal File-New age education: students as consumers There is a controversy raging about whether teaching and education can be treated as just another paid-up service. The law does bring education into the Consumer Protection Act, but ethics and values have to be borne in mind when we decide if schools must be hauled to … Read more