The bond market is at times a little bit complicated for most people to comprehend. This article seeks to break down how the bond market works so as to make it more understandable to potential and existing investors. To start off, it is important that we understand the definition of a bond. A bond is …
Are you planning to invest your money? Consider the bond market and the stock market. Financial advisors often recommend buying stocks and bonds if you have a well-diversified portfolio strategy. Before investing in any of these assets, you have to understand the difference between them. Contrary to popular belief, stocks and bonds are not the …
Investing in bonds is a great way to grow your income. Bonds are debt securities issued by various organizations or the government. Generally, bonds are safer compared to stocks. Often, market interest rates determine the actual price of bonds. When the interest rates are high, the prices fall. Investors receive interest payments from bonds and …
Over the years, money market accounts have increasingly become popular among most individuals. More people now understand the benefits offered by these interest-bearing accounts. But what is a money market account? Typically, a money market account refers to an account in a bank/credit union that bears interest. More often than not, this account offers less …
Personal finance is a key aspect in life that most people are illiterate about and is also not taught in the majority of learning institutions. It may not be an interesting subject to most people, but it applies to your daily life. What is Personal finance? Personal finance is simply the way one manages their …
A financial plan is vital in safeguarding your financial future. Thus, everyone should have a financial plan to accommodate all their long-run and short-run financial objectives. Financial planning enables you to develop a dependable strategy for achieving all your financial goals. But first, you have to understand the main components of financial planning before writing …
If you wish to obtain financial success, the first thing to do would be to understand why personal finance is essential. This way, you’ll be able to manage your finances and plan for your financial future. Fortunately, there are numerous techniques that help you obtain financial freedom. In this article, we help you understand why …
What comes to your mind when you hear the term personal finance? Most people think that personal finance entails coming up with a personal budget or paying a debt. But personal finance is more than that. Managing your personal finances means; incorporating several financial aspects and principles to attain financial prosperity. Let’s take a look …
Financial managers play a huge role in determining the success of a business. They are usually in charge of managing and planning finances in an organization. A financial manager can either make or break your business. Thus, if you are a business owner, ensure you hire a reliable financial manager. Otherwise, you would be setting …
One of the primary objectives of every business owner is to attain high profitability. So, when designing your product or service, it would be best to apply various finance principles. This way, your selling price will be higher than your purchase price. In turn, it will be easier for you to make profits. But what …