The long-term trend is that investment trading fees are becoming lower and lower. In fact, it isn’t even ridiculous to say that trading fees are heading towards zero at a rapid pace. There’s pressure on investment brokers, of all types, to lower their management fees, offer better services, and it’s coming from different directions.
There’s been a lot of buzz about the rise of robo advisors lately. These are companies that aim to help investors put assets to work on their behalf with the help of algorithms. Using some pre-set equations, based on certain assumptions, robo advisors can provide you with an investing plan that’s meant to prepare for […]
There are a lot of investment and money management apps available today. So how do you know which one is right for you and your investment situation? After reviewing many different apps, tools, and software programs, we’ve come up with a comparison list for smart investors. Here are some of the best smartphone apps for […]
Despite the name, Openfolio is not a standard web-based investment platform or robo advisor. It’s something closer to Wall Street meets Twitter, and produces a compelling social media sharing site for the investment crowd. Will it help you to become a better investor? When you see some of the people participating on the site you […]
We often hear that Albert Einstein called compound interest the eighth wonder of the world. We don’t actually know whether or he actually said that or not, but we do know that compound interest is extremely powerful. When you have compound interest on your side, it’s easier to build wealth. The downside, of course, is […]
It may seem strange to discuss a topic like diminishing returns on an investment site, after all aren’t we all trying to increase our returns? Yes, but in economics and investments, diminishing returns is a very important topic to understand. You don’t want to continue your same efforts, with the same (or even less) reward […]
Ever wonder how the wealthy people made their fortunes? Talk to a few of them and you’ll realize no two wealthy individuals followed the same path to freedom. But financial success isn’t a total mystery. There are a number of common habits among the financially successful that tend to lead to wealth, if you just pay […]
One of the most influential books I read, while on my journey to financial independence and becoming a millionaire was, The Millionaire Next Door by Dr. Thomas Stanley. This book was particularly enjoyable for me, as an aspiring wealth builder, because it refutes a commonly held perception of what millionaires look like. There are two […]