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If you're like many people, you may think that investing in wine is only for the wealthy. However, this isn't necessarily true! There are a number of ways to get started with wine investing, and it can be a great way to add some diversity to
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When it comes to investing, there are two main schools of thought – technical analysis and fundamental analysis. Technical analysis focuses on price movements and patterns, while fundamental analysis looks at a company's financials and underlying factors. Let's take a look at how you can use them
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Diamonds are a girl's best friend, or so says a famous jazz song by Carol Channing. Diamonds, the gems that have symbolized love and marriage for decades, are beginning to attract wealthy investors as a commodity investment with potentially high returns and have, even more than gold, always
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A (wrong) assumption is that kids don't and should not hear anything about money because "they are kids", "should just think about playing" and different variations of the statements. Well, this couldn't be more far from truth. In fact, kids hear about
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There is an old saying that goes like: "Money can't buy happiness". My answer to it is "Then try to live without money". Jokes aside, there are a couple factors to consider: * The context you live in: being poor, wealthy or even rich depends
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To understand what is compounding, instead of starting with the theory, let's start with a picture. Imagine that you invested $10,000 for 30 years at 5% interest rate, in one case with compounding and in another without. You can see the result in the chart below: The
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To put in practice the theory on how an income statement is structured (in the article HERE), let's take a look at a couple income statements. I don't want to make you certified accountants therefore we'll just focus on the main peculiarities of the
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It provides a summary of how cash flows have been created or dissolved during the fiscal period. The stress is on cash cause profit (in the income statement) is based on promises, not money coming in. So if you want to know whether a company has cash to pay employees,
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To put in practice the theory on how an income statement is structured (in the article HERE), let's take a look at a couple income statements. I don't want to make you certified accountants therefore we'll just focus on the main peculiarities of the
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The income statement is also called a profit and loss statement, P&L, statement of earnings, or statement of operations. The first important observation is that, as I covered in the financial statements introduction post, the income statement does not show the cash-in and cash-out of the company but
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To put in practice the theory on how a balance sheet is structured (from the article HERE), let's take a look at a couple balance sheets. I don't want to make you certified accountants therefore we'll just focus on the main peculiarities of the
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The balance sheet is a picture of the working capital of the company in a specific moment in time, or in simple terms, all the things the company owns and owes: Assets represent where the company has invested money, while Liabilities + Equity are where the company took the money to