Image Source: Flickr Gold is a precious metal that underpins the global economy and like any other commodity, the price of gold is in a constant state of fluctuation. If you are new to the world of gold investment, there are many things to consider, with gold quote prices being very important. The spot price is the price of the last transaction carried out, although as gold prices change by the minute, one can never be sure that the spot price … [Read more...]
What Can I Trade Online?
These days, you can trade anything online. Whether it is currencies, stocks, bonds, options or futures, the financial instruments that one can trade in an online platform are many. The most common item that grabs traders are stocks, because they are the simplest to grasp. A stock is a small share of a corporation. You can buy a large amount or a small amount. And you can speculate on the price of an asset. You don’t have be part of a Wall … [Read more...]
How Much Money Can Be Made By Trading Binary Options?
Are you interested in binary options trading as a method to make a large profit? How much money could you actually make by trading binary options? Binary options trading is a form of making investments by guessing on whether an item’s value will increase or decrease in a given time period. The amount of money that you make is depended upon how much money you put towards a position for an option, the type of binary option in which you invest and … [Read more...]
Investment Strategies for Gen Xers
It seems that my parent’s generation, the Gen Xers, are not necessarily banking on retiring between the ages of 62 and 65 as the baby boomers did and are doing. In fact many Gen Xers plan to continue working until at least age 70 and beyond. But the reasons behind this thinking could be a little disturbing. It seems that overall Gen Xers have not been as diligent about socking away money for their future retirement as the baby boomers. The good … [Read more...]
How Much Interest Does One Million Dollars Earn?
When I started saving for retirement, I wasn't sure how much money I should save, so I set my first milestone at one million dollars. I'm not there yet, but I'm working on it. Of course, the more I save, the more I earn in interest. But how much interest does one million dollars earn per year? Well, that all depends on your interest rate. If you can match the average annual inflation rate, which is around 3%, you can earn around $31,400, … [Read more...]