Investing

What Is Pound-Cost Averaging (PCA)? Pound-cost averaging is an investment method that decreases the overall volatility on purchasing equities and securities by spacing out investments over equal periods of time. Pound-cost averaging is a smart investment strategy for risk-averse investors who have long-term investment goals. Across the pond, they call it dollar-cost averaging, for, well…

TL:DR: You should try to never spend more than 20%of your annual income on car costs. We recommend keeping it lower at 10%-15%. Your choice of car has a huge effect on both personal freedom and your finances. For many people, a car is the second most expensive item in their budget, second to housing expenses. But, buying a car is essentially a necessity in some parts of the…

In some ways, rising stock prices are kind of a bad thing for investors. Rising stock prices means that a commodity is hot, which means more and more people will start to jump on the trend, eventually causing the securities to become overvalued. After all, if everyone knew the secret to making it big in investing, then the strategy could not work for everyone. Momentum investing, as the…

How does investing differ from saving? You’ve probably been told many times that to get rich or make your money work harder, you’ve got to invest. But what does that really mean? And how does it differ from regular saving? While setting money aside in a standards savings account is a great way to build up an emergency fund or save for short-term financial goals, such as a holiday…