Tagged With investing

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With the market fluctuations the past week or so, there have been questions about when to rebalance your portfolio, if at all. Some say it shouldn't interfere with your long-term plan, and to stick to once a year. Others say the time to rebalance is right after the market goes up or down by five per cent or more.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.

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Personal finance is like nutrition: It seems like the experts in this arena can't agree on anything, whether it's setting up an emergency fund or paying off your mortgage early. Despite all the contrasting opinions, though, most people agree on at least five basic fundamentals.

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My dad and I are about as different as two people can be when one formed the life experiences and personality of the other for 18 years: He's a Midwestern lawyer who lives for Michigan football, and I'm a know-it-all East Coast transplant who's a proud University of Michigan graduate but enjoys tailgating more than the actual game.

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In just the last month, it feels like Bitcoin has surged to mainstream prominence, popping up on social media, TV, radio and just about anywhere information is exchanged. However, though Bitcoin may be the most popular cryptocurrency, it’s not the only one – arguably, it’s not even the best one.

We’ve rounded up the ways you can buy Bitcoin, other cryptocurrency and altcoins in Australia.

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If you've been tempted to get in on the blockchain currency racket, first read tech writer Mark Frauenfelder's story of losing access to $US30,000 ($39,186) in bitcoin. Ask yourself if you could handle the stress of trying to guess a seven-digit PIN, knowing that every time you guessed wrong, your money would get locked away for hours, then days, then years. Ask yourself what you'd do if your investment paid off tenfold, only to disappear in a fire.

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Chances are good you’ve at least heard of Bitcoin and the concept of digital currencies. Lately, they’ve been in the spotlight more than usual.

With good reason. Bitcoin prices have skyrocketed from just under $1,000 for one Bitcoin on January 1, 2017 to more than $6,000 at the beginning of November 2017.

That’s 600% in less than a year.

Enough people have made a decent amount through Bitcoin that investment groups are sitting up and taking notice.

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When you first start out in the workforce, superannuation doesn't seem particularly important. It's something that only affects you at retirement age - which isn't something the average twenty-something likes to think about. Fortunately, preparing for this far-off future doesn't take much time or wherewithal - and the benefits can be significant.

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Most of us love the idea of getting in on the ground floor of some new tech and being one of the first to show off the newest and shiniest gadget. Participating in crowd-funding campaigns like those run by Indiegogo and Kickstarter is a great way to do that but they don't always deliver.

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Together with Vlad Tenev, second-generation American Baiju Bhatt founded the stock brokerage service Robinhood, which lets users trade public stocks from their mobile devices without paying a commission or maintaining a minimum balance. Their app has over two million users. Baiju started Robinhood, his third company with Vlad, when he was just 27. Here's how he works.

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Kids have too much stuff, says any parent who has waited for a child to scurry off to school so she could ninja-sneak all the lonely, untouched toys into the local donation bin. Instead of buying Malibu Stacy with a new hat or Superman with a new cape, consider buying your kid stocks instead.

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Investing isn't as hard as most people think, but there's a lot of jargon to learn. Stocks and bonds are two common terms that come to mind when you think about investing. Many people don't know the difference, so we're going to break it down.

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When you invest your money, it's easy to get excited and start checking it every day to see how much it's earning. This isn't the best idea and it can hurt you in the long run. The best and hardest thing to do with your investments is nothing.

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Robo advisors have become popular options for investors. They use tools to automatically, effortlessly manage and help diversify your investment portfolio - no human interaction required. And while this kind of automation makes them cheaper than a traditional financial advisor, that doesn't mean they're free.

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If you can swing it, paying off your mortgage early sounds like a smart enough idea. But some prefer to invest rather than throw cash at outstanding, low-interest debt. The idea is, if your debt's interest rate is lower than your investment return, you come out ahead. Here's a simple way to decide if this route is right for you.