Personal finance is the process of planning and managing personal financial activities such as income generation, spending, saving, investing and protection. The process of managing one’s personal finances can be summarized in a budget or financial plan. The main areas of personal finance are income, spending, saving, investing, and protection. Income Income refers to a … Read more
Money drives many decisions that we make day to day. Setting goals can help us take control and feel more confident about those decisions. Financial goals are the most important objectives you set for how you will save and spend money. They can be things you hope to achieve in the short term or long … Read more
A diversified portfolio is a collection of investments in various assets that seeks to earn the highest possible return while reducing likely risks. A typical diversified portfolio has a mixture of stocks, fixed income, and commodities. Diversification works because these assets react differently to the same economic event. Let’s now look at how to calculate … Read more