We probably can agree on one thing – we won’t get filthy rich from our 9 to 5 day job. We need to use money to make more money. Can we get a loan with a 7% interest rate and use it to invest in the stock market? Of course, we can. However, that comes… Continue reading Borrowing Money to Invest
Month: August 2016
Is Paying off the Student Loan More Important? Or Saving for Retirement?
My personal opinion? Treat it like any other debt. Get rid of it as soon as you can. You can choose the order of priorities to pay off a student loan, or to save for retirement. Some argue that saving for retirement is more important because of the benefits of the compounding interest rates. The… Continue reading Is Paying off the Student Loan More Important? Or Saving for Retirement?
Does Having Many Credit Cards Hurt Your Credit Scores?
The simple and quick answer is no, it does not have a direct effect on the credit scores. The following factors used by the major 3 credit bureaus definitely affect the credit scores: Payment history Amounts owed – credit utilization (Total credit card debt / Total Credit Limit) Length of credit history – the new model… Continue reading Does Having Many Credit Cards Hurt Your Credit Scores?
Investing in the ETFs
After May 2007, Berkshire Hathaway annual shareholders meeting, Buffett told CNBC television interview that for most small investors, they did not have time to study the fundamentals of the listed and publicly traded companies, the low cost of the ETF was the best choice for investment in the stock market. The benefits are, although you… Continue reading Investing in the ETFs