Category Archives: Personal Finance

Figuring Out Frequency – When To Trade

Many factors can make or break an investment. For example, how often you trade is essential to a profitable portfolio. Trading too often or too rarely can lead to missed opportunities or poor returns. The perfect frequency is whatever will lead to the greatest margin of profitability. For most traders, this approach means holding on to an investment for as long as possible. However, this plan will vary depending on the investment type, your personal strategy, and more. Consider the following four factors to help you decide how often you should be trading.

The Type of Investment

Investing

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Different types of investments call for different strategies for trade frequency. New traders will have their hands full, as plenty of research will be necessary before further exploring options such as day trading, binary options, and the plethora of other investment products available.

For example, day traders will need to decide whether they prefer to make a handful of trades before the markets open or if they plan to make decisions as new data becomes available throughout the day. On the other hand, binary trading options — investments based on whether a certain asset will be higher or lower than its current value by a set time — will need a totally different approach and skill set.

Your Specific Approach

How much risk can you tolerate as an investor? Your personality will largely help you decide what is a proper amount of daily trades for you. For example, a methodical investor will have low risk tolerance and will avoid snap decisions. Those who can tolerate greater risk, however, have more flexibility to jump on new opportunities as they arise. Note that investment type and individual personality work in tandem; a conservative day trader will use a totally different strategy than a spontaneous day trader.

Your Investment Strategy

In general, investments that stay frozen longer net better returns; you’ll likely want to sell as rarely as possible. However, you’ll need to define which market signals are worth an investment to decide how often you should buy.

Avoid hard minimum and maximum trade numbers. Instead, aim to make the correct amount of trades; don’t lock yourself into an arbitrary quota. You need to understand how and why you will trade and how to get out of a bad trade if needed. Define, practice, and stick to your strategy. Only make trades that fit your criteria.

Your Due Diligence

The market is full of unreliable, misleading, and inaccurate data. Plus, convenient modern technology makes it incredibly easy to trade as much as you want. These two factors combined may lead to the temptation to make a quick change when you hear about a market fluctuation. Patience is important, and not only for long-term investors. Short positions, binary options, and all other trades require that you stay patient, not make decisions impulsively, and rely on the knowledge you’ve gained through careful, comprehensive research.

If you’re beginning as an investor or you’re taking an interest in a new approach, find a strategy that accommodates your preferences and goals and test it before committing. Strike a careful balance between knowing the precise moment to trade and when to walk away by considering the above factors.

Common Misconceptions of Online Gambling

Online gambling is becoming more and more popular. It allows people who enjoy gambling to enjoy the activity from the convenience of their own home either on their computer or phone. There are many people out there who are skeptical about the industry and their legitimacy. Below we try to investigate and debunk the common misconceptions of online online gambling.

Can not be controlled

Many people who don’t agree with the industry don’t think it can be well controlled. This is just false. There are many laws and regulations in place to control the sites to allow legitimate gambling that is fair and regulated. This wasn’t true back in the day when the online gaming industry began but many states have adopted a whole set of rules just for it. They are actually on a short leash having to pay fines and taxes. With the competition that is out there, they can’t afford to be shut down so they tend to play by the rules they are asked to follow.

Viruses

It is a common thought to believe that you will get a virus by using online gambling. However, this doesn’t make much sense. These businesses are making a lot of profits, if they were to set up viruses on their servers it would mean their servers would be affected too and hinder their business potential. There are many legitimate licensed online gambling sites that can provide you with virus free entertainment. Sites like luckystreet.com that offer 888 casino free spins.

Scam

Most people think online gambling sites are scams. It is quite the opposite. As mentioned previously they are highly regulated and require licenses. Yes there may be sites that are not legitimate and may be scams but it is important for you to check a sites license when you start to use it. Be careful when providing your personal information to a site that they have a license with the state.

Only for old people and housewives

Some people may think that online gambling isn’t for them because they aren’t the stereotypical lonely housewife or unemployed old person associated with gaming. The key demographics for online gambling are actually the following:

  1. Middle-aged men and women with moderate and high income visit casinos because of curiosity, possibility to try their luck and skills, use different strategies in practice.
  2. Middle-aged men and women with low-income visit gambling portals in order to win and improve their financial shape.
  3. Young men and women with different income levels consider casino as a source of entertainment and opportunity to pass the time with fun.

Basically, online casinos are for everyone. Anyone who likes to be entertainment and win some money.

So don’t believe the hype. Today’s online casinos are well-regulated, safe and fun for all.

Health and Life Insurance

Everyone knows how life insurance works, you protect your family in the event of your passing by paying a premium to ensure a determined sum of money be paid out to your family. This amount will ensure that their standard of living and financial status stays in tact after you are gone. This all sounds very morbid but it is important and responsible of you to consider. When researching life insurance you will see there are many types available, from many different companies and there will be many factors that determine your premium amount at each one. Besides your age, your health is probably the next important factor that all insurance companies consider when pricing out your policy. Please read below to read why this is true.

Why is your Health Important?

Life Insurance companies want to make money like any other business. Therefore if someone is healthy, that means that they will make more money from a customer’s premium because they will most likely live longer. Healthy people are attractive to them but it doesn’t mean they will necessarily get a discount. If you are unhealthy than you will most likely see your premium go up because it is a known risk factor for them that they are taking a gamble on. For example, if you have a family history of heart problems or cancer than your premium will probably be higher. Particular medical conditions are a red flag for life insurance companies. Conditions such as type 2 diabetes, high cholesterol, high blood pressure are all examples of these red flags. You may find it hard to find an affordable policy if you currently have these issues or have family history of them. It is also know that your body type, or bmi can be a cause for your rate to go up. Again, if you are in shape than statistics show you will live longer or be less likely to suffer from a health scare.

You need to make sure your are in good health if you want to save money on life insurance. You can even go onto nerdwallet.com and they will give you the difference.

How do Life Insurance Companies determine your Health?

When you decide on a Life Insurance Policy you will have to do a number of things. First you will have to fill out a lot of paperwork and answer a lot of questions about your lifestyle and health history. Not only will you have to supply them with information, they most likely will require a health exam to confirm your current health situation. Typically a physical and a general blood test is done in order to determine this. Now there are some companies that offer No Medical Exam Life Insurance but it may not be the most economical decision as I’m sure you are paying for them to turn a blind eye to your current health.