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Who invented investing?

The following is my answer to a Quora question: “Who invented investing?” When the first hominid set aside some food for the next day instead of eating everything in that one meal, so that it could be traded for favours in scarcity, that was investing. Investing is putting aside assets for later use, or greaterContinue reading “Who invented investing?”

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What are the best ways to give money to your heirs while you are alive?

The following is my answer to a Quora question: “What are the best ways to give money to your heirs while you are alive?” You have many options, and many forms of transferring wealth. One of the best ways is to set up a revocable or irrevocable trust, with yourself as settlor, and trustee. YouContinue reading “What are the best ways to give money to your heirs while you are alive?”

What bank will pay me to open an account?

The following is my answer to a Quora question: “What bank will pay me to open an account?” I would hardly consider this money free. Banks may give you incentives for opening accounts with them, but these extra monies come with some strings attached, such as keeping a certain minimum sum for a specific periodContinue reading “What bank will pay me to open an account?”

Dollar-cost Averaging or Periodic Investing?

So you probably read DCA is not what you think it is and wonder, was my agent/broker wrong? Did he confuse two different investing strategies? Wide variety of readings in this instance would help you better understand, and not rely on one source of reference. The author at The Simple Sum argues that people useContinue reading “Dollar-cost Averaging or Periodic Investing?”

“My mortgage is late. Should I call my bank and explain why?”

The following is my answer to a Quora question: “My mortgage is late. Should I call my bank and explain why?” Yes. When it comes to taking loans from any financial institution, it is always important to be in constant communication and update them. A bank can tolerate late payment if they understand the reasonContinue reading ““My mortgage is late. Should I call my bank and explain why?””

Dollar-cost averaging (DCA)

Dollar-cost averaging (DCA) is an investment strategy in which you: put in regular contributions (for example, monthly or quarterly) over a period of time (say 3 to 5 years, 10 years, or more; depending on your objective) The strategy is to ride or sail thru investment and market fluctuations such that you buy more shares/unitsContinue reading “Dollar-cost averaging (DCA)”