Tagged With investing

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Fellow millennials, this is a PSA: When it comes to career and money advice, parents have an untold number of opinions, mostly based on what they have done or would like their friends to know you are doing. I’m here to say don’t listen to them.

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Spotify is planning to go public through a direct listing on the New York Stock Exchange in the next few weeks, and that's piqued the interest of investors hoping it's the next hot tech stock (a little more Netflix, a little less Snapchat). So, should you invest?

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Investing is an important part of a healthy financial life. You want your money to grow, and, short of winning the lottery, investing is the best way to do that. But as Jonathan Clements, the editor of Humble Dollar, reminds us in his newsletter, it's hardly the only thing that matters.

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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.

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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.