Don’t let Money Ruin Your Relationship
“I don’t care too much for money, for money can’t buy me love.” (The Beatles) For many couples, money is a regular source of tension. And, unfortunately, this can have serious consequences. In a study by researchers from Utah State University and Kansas State University published in 2012, the researchers found that financial arguments in […]
R is for Rebalancing
Ready, set, go… When you first meet your advisor, you’ll provide all your financial details (yes, this can be daunting) and discuss your short, medium and long-term objectives. You’ll also be asked about your attitude to risk, to determine your individual risk profile. Armed with this information, your advisor will allocate your funds to a […]
Who is Influencing Your Financial Decisions?
Last year Kim Kardashian paid more than $1 million to settle a case with the US financial regulator. She had been charged for promoting a crytpo asset on Instagram, without disclosing that she had been paid $250 000 to do so. The law in the US states that anyone who has been paid to promote […]
What is True Wealth?
Many people think that the more money they have, the more they can buy, and therefore the happier they will be. True wealth, however, is not just about living standards. Being wealthy is as much a mindset as it is a measure of what you have in your bank account. It is about understanding that […]
Much Ado About Risk
“The biggest risk is not taking any risk.” (Mark Zuckerberg) So, what is risk, exactly? Investment risk can be defined as the probability of loss relative to the expected return on any investment. It’s a measure of the level of uncertainty of achieving the returns expected by an investor. Systematic and unsystematic risk Investment risk […]
Five Ways to Teach Kids About Money
Any good habits can be bred at a very young age. Learning positive attitudes towards money is no different. Research has found that children understand financial concepts much sooner than many of us realise. The University of Cambridge has found that by the age of seven children will have developed ideas about money that will […]
Compound Interest: The Eighth Wonder of the World
“If you understand compound interest, you basically understand the universe.” (Robert Breault) Don’t be simple One of the best ways to understand compound interest is to know what it’s not — the appropriately named simple interest. This easy example illustrates the difference between the two. Mr X decides to invest in an account that pays […]
Three Financial Imperatives for Women in Divorce
There is a well-worn social myth that in a divorce from a heterosexual marriage it is the men that get fleeced while their ex-wives make away with the spoils. The reality, however, is very different. Research from the London School of Economics found that women who worked before, during or after their marriages see, on […]
How Good do You Think You Are at Investing?
Do you deliver better than average work at the office? Do you drive better than the average person on the road? It is likely that you answered ‘yes’ to both of those questions. There is a fair amount of research that finds that a majority of people will almost always rate themselves as ‘above average’ […]
How a ‘Safe’ Fixed Deposit Might Still be Risky
Whenever you put money into a fixed deposit you probably think that it is perfectly safe. And as long as that deposit is running, you are probably right. If, for example, you invest in a in 36-month fixed deposit, you are guaranteed a certain interest rate for those three years. You are also almost certain […]
