Before you begin to invest – step 4

We have mentioned that many people have large mortgages that cannot be paid off quickly since the mortgage amount is typically 1, 2, 3, 4 or even 5 times bigger than the homeowner’s annual income. The mortgages are therefore designed to be paid off over many years – 15, 20, 25, 30 or even 40 […]

Before you begin to invest – step 3

In this post, we are going to talk about a big loan that many people have but one which is difficult to clear away within a short timeframe. Yes, that is correct – we are going to talk about the mortgage on your home. In the previous posts of this mini-series we talked about the […]

Before you begin to invest – step 2

In the previous post of this mini-series we talked about the general concept of clearing your debts before you begin to invest. You can review that here: Before you begin to invest – step 1. In this post, we get more specific… If you have just one loan then you can just pay it off […]

Before you begin to invest – step 1

First of all, clear your debts. The obvious reason for doing this is that with debt your account or bank balance is in a negative state and you have to pay back that loan eventually so you may as well start paying it back now. Also, if you have debt against your name, then you […]

The DOW crosses a milestone – so what ?

Investors had another reason to celebrate the United States Independence Day in 2014. During the week ended Friday 4th July, the Dow Jones Industrial Average crossed the 17,000 level for the very first time. The DJIA or ‘Dow’ as everybody calls it, is an index of 30 very large companies based in the United States. […]

Nonfarm Payrolls Impact

The “Nonfarm Payrolls” is an economic statistic published every month by the Bureau of Labor Statistics which is part of the United States Department of Labor. This is a very important economic indicator for the US economy and it measures the change in the number of people employed during the previous month, It excludes the farming […]