…bursting. A bubble burst is characterized by a sudden, significant drop in prices for that part of the market. Investors may panic and sell as prices drop, causing prices to…
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Prepare for the unexpected
…of attorney for property to your professional advisors – legal, financial. Discuss your wishes with everyone present and ensure all conversations are properly documented so that your attorney and professionals…
Reducing your estate costs
…is essential Joint ownership arrangements can be complicated. Get expert legal and tax advice before entering into one of these arrangements. 4. Preplan and prepay your funeral Preplanning and prepaying…
How to avoid holiday debt
…websites have last-minute sections that offer huge discounts on travel packages. You must be flexible on your dates, though, and there’s a chance no travel packages will be available. Your…
How to manage a windfall
…the windfall money to top up — or start — an emergency fund. This can help you be prepared for life’s unexpected events. A common rule of thumb is to…
What are ways to borrow money for investing?
…could make a profit. However, this can be very risky. If your investment goes down in value, your losses will be greater. Consider these examples: Example 1: You invest $1,000…
What are the red flags of crypto fraud?
…assets or platforms. Celebrity faces: Just because you see a celebrity’s photo on promotional materials, it does not mean the famous face is knowledgeable or actually endorses the company. Unsolicited…
Can gamification help investors?
…ensuring that digital engagement practices support, rather than undermine, your investing decisions. Previous research looking at gamification and other behavioural techniques found that providing investors with “points” for buying or…
What is a GIC and how does it work?
…GIC. Shop around for the best terms and rates. Understand the penalties if you redeem your GIC early. Decide what you want to do with your GIC before it matures.…
What your will should cover and why
…who is not a beneficiary under the will). For example, a doctor can prepare notes about your physical health and mental capacity. These notes may help prove that you were…