Foreign exchange, or forex as it is commonly known among traders, is the market where you buy and sell currencies. You use whatever money you currently have (say, Deutsch Marks) to purchase another currency (say, the Japanese Yen). In reality…
What Investment Options Are Available for the Average Worker?
If you’re just an average income earner, earning less than $80,000 a year (or less than $120,000 a year in expensive areas like Los Angeles, San Francisco, Chicago, and New York) you may find it difficult to invest money that…
Are 401(k) Plans Good Investment Options?
A 401(k) plan is an employer-offered and managed investment fund that you contribute to on a tax-deferred basis through your payroll plan. The plan is defined as “tax-deferred” because your contributions are deducted from your wages before your payroll taxes.…
Are Insurance Policies Good Investment Options?
Insurance is designed to spread the risk of loss among many people. Insurance anticipates loss and is designed to manage the expense of replacing lost value in terms of assets or revenues. Insurance is therefore not designed to be a…