PERSONAL FINANCE

For DIY beginners in need of a systematic way to build wealth Investing can be quite daunting, especially in the beginning. You need to figure out where to start, what to watch out for or how to decide what is best for you. But do not let yourself be intimidated — as long as you […]

Beginner investors often get caught up in the process of picking and adding assets or funds to their portfolios, as well as their performance. This can make them neglect any prudent risk management activities, for instance, because they tend to underestimate their importance. Even more concerning, there is a lot of emphasis on the simplest

The cheat sheet pages are intended to provide fundamental knowledge for absolute beginners or a refresher on the basics for those interested in reviewing the concepts covered in these bits. They do not constitute financial advice or a recommendation. If you have a request for a cheat sheet covering a specific concept you are interested

As far as the retail customer is concerned, traditional banks have for some time now been viewed as parasite-like. Charging fees on almost any service they provide, amending their terms and conditions in ways that disadvantage their customers, and applying currency exchange rates that are too costly. This is also the case in Germany, where

At 60 years old, a couple of years before retirement, my dad asked me: “Do you think I should just put all my savings in Bitcoin, it’s gone up so much, seems like everyone loves it and profits a lot?”. Oftentimes, we cannot see our own irrational optimism. Like hoping that we can compensate in

What to pay attention to when deciding where to invest Companies cooking their books, inflating the number of customers, misrepresenting their activities, engaging in fraud… Over decades we have seen so many ways in which businesses in various sectors have attempted and succeeded in deceiving investors about how well they perform and how worthy they

Does it really work? The short answer is — yes, but there are important caveats. Portfolio diversification is a core concept in finance and there is almost no financial adviser or planner who would not encourage their clients to consider it as a prudent risk-reduction technique. At least to the extent it is reasonable and

The cheat sheet pages are intended to provide fundamental knowledge for absolute beginners or a refresher on the basics for those interested in going over the concepts covered in these bits. They do not constitute financial advice or a recommendation. If you have a request for a cheat sheet covering a specific concept you are

A key financial priority for most people who wish to manage their money prudently and responsibly should be the accumulation of an emergency fund. If you have gone through unexpected life events that hit you financially, you know how unpleasant they can be and how stress they can put on you. Having a buffer to