The Rating Of The Best Forex Brokers

The rating is formed according to the the four main criteria that characterize the broker. All reviews were manually checked by the moderator in order to avoid multiple votings from one IP and make sure all of the information was up to date. So, if you want to choose the best broker today, here’s the list of potential candidates!

FxPro

The first place in the TOP four best Forex brokers 2017 is held by FxPro, one of the largest international Forex brokers, which is well known among experienced traders. The company has been operating since 2006, and has been providing trading services for a very wide range of investment tools to date. In addition to currency pairs on the most advanced trading software, it includes its own FxPro SuperTrader. The broker has held the top position for two months and before that they have spent eleven consecutive months at the third place in the rating.

Forex Club

This team presented the new EUR4H trading system using the Price Action principle in dealing with the key EUR/USD currency pair on the 4-hour interval. The rate in EUR4H’s work is to maximize the potential of the market movement within a day, and the profit for each transaction is almost unlimited. In addition, Libertex for iOS received an updated design and new features.

The evening mini-base online course for Libertex will be held in February for its clients, where you can quickly get the required set of knowledge for an effective start of trading on the financial markets from leading experts of the International Academy of Investment and Trading. A new thematic seminar “How to create your own strategy?” was also held a few days ago.

TeleTrade

TeleTrade holds the third place for the third month in a row, being at the same time in the top four continuously for quite a long time (twenty-seven months). For those who doesn’t not know or have already forgotten about the fact, the company has been in the market since 1994, and even more notably, it was the first to receive CBR license to provide services in the Forex market in Asia.

TurboForex

TurboForex is a relatively young broker; the company has been operating since 2010. It is registered and licensed in New Zealand, but this does not prevent it from providing services to traders around the world. In addition to currency pairs, the list of trading tools offered by the broker includes precious metals and oil. In addition, traders can use social trading, which allows them to copy trades of experienced traders.

Choose the broker you think will suit you best and start your career of trading on Forex today!

ULIP Investment Plan to Manage Your Wealth

“How can I get rich?” “What is the easiest way to grow my money?” These are the questions that often run through your mind from time to time. But often, you fail to find a prompt answer to this.

However, the answer to the first question can be “Grow your money and you will become rich.” But what about the other question? How can you multiply your money?

Now, this one is a tricky and wily question. Many people believe that by commencing a new business they can grow their money manifold.

But the deal is “It takes money to make more money.”

So, not really having a considerable amount of money to invest in your pristine business, in the beginning, you can begin with investing in the capital market to multiply your money and meet your financial objects.

Investing in equity directly can be risky and perilous and would need a lot of investigation and steady monitoring of market by the one who is investing. However, there are a few other instruments at your disposal in the market that are both hassle-free and risk-free and cater income tax benefits. A few of such investments are Equity Linked Savings Scheme (ELSS) funds, Bank Fixed Deposits (FDs) and National Savings Certificates (NSCs), Public Provident Funds (PPFs) and Voluntary Provident Funds (VPFs), Unit Linked Insurance Plans (ULIPs) etc.

Among all the above-mentioned options and choices, ULIPs are the second in the list, in terms of returns, transparency, flexibility, safety, costs, taxability of income and liquidity, according to the annual assessment report by the ‘The Economic Times’ for 2015.

As per the estimation, in the past three years, returns from the ULIPs have come up to 9.8 per cent. So, let us get acquainted with the ULIPs that are persistently ranking besides some of the best plans for investment in India.

The Spectacular Rise and Fall of ULIPs:

The dawn of Unit Linked Insurance Plans (ULIPs) was considered to be an avant-garde affair in the Insurance sector. ULIP was Certainly Different, in a lot of ways, from any other available instruments of investment. On the other hand, the lion’s share of ULIP was that it effectuated a fusion between insurance and investment.

There was a time when ULIPs were the highly sold product; however gradually, the popularity of ULIPs started coming down compared to other instruments of investments such as mutual funds etc. Particularly in the year 2008, the major fall was noticed in the market.

A lot of factors contribute to the dramatic fall of ULIP. They were costly and often cannot keep up to cater the expected returns to its investors. Apart from this, the agents were ever-pursuing who drew in approaching consumers into purchasing ULIPs and promised them higher returns and did not disclose the high charges involved. So, a lot of those who were enticed into buying ULIPs were repentant heavily, making it one of the most hated investment products available in the market.

ULIPs rose to esteem again after September 2010 out of the blue, when Insurance Regulatory and Development Authority (IRDA) brought out new bylaws governing this plan of investment. According to the new regulations, ULIPs’ charges got capped, making it easy on the pocket. There was an expansion in the lock-in period from 3 years to 5 years, and the basic sum assured turned out to be 10 times the annualised premiums. These changes made by the IRDA have made them as one of the best plans for investment in India.

Why invest in ULIP?

“There are a number of investment tools, why should I invest in ULIP?” You must be wondering despite being a lot of options to invest why to invest in ULIPs. You are no alone to have this question. A large fraction of people consider buying a term insurance cover for life coverage and put their money in a mutual fund for the creation of wealth, separately. This isn’t a bad idea. However, the problem with the investment in the term plan insurance is that you get no returns if you survive until the policy term ends. Although a huge amount of money is paid to the beneficiary under a term plan only after your demise. You actually enjoy no profit if you invest in a term plan, apart from the tax benefits.

A mutual fund is an ideal investment tool. But it entails huge risks. Also, a mutual fund provides no tax benefits unless you plump for an Equity Linked Savings Scheme (ELSS) that is Mutual Fund’s special sub-category with at least 3 years of the lock-in period. So, if you wish to avail liquidity from a mutual fund, you receive no tax benefits.

Keeping all the limitations in mind, many financial confidants, these days, choose ULIP over other investment plans available in the market.

Is it true that ULIPs are actually better than other investment instruments?

Despite being fine similarities between ULIPs and mutual funds in terms of investments, there is a world of difference among the two. ULIP scores more than mutual funds in terms of tax benefits and returns. All the ULIP investors are allowed to enjoy tax benefits both on the sum assured and premiums under Section 80C and 10 (10D).

What’s more, ULIP is such an investment plan that caters life insurance cover also. So, in the case of your unforeseen demise, before the policy term gets completed, the selected beneficiary will get the lump sum assured as the death benefit. However, if you outlive the entire policy term, you will get the fund value as the maturity benefit.

How ULIP works?

ULIP, as already thrashed about, is an investment-cum-insurance plan that possesses all the best gears of both the instruments. One fraction of the premium paid by you is kept for the insurance and the remaining fraction is invested in capital markets.

You are allowed to branch out your assets among various funds reaching out from equities to debts via ULIPs. So, you are allowed to set your own strategy for investment depending on your risk appetite through this sort of investment planning. You are also permitted to freely swap your money from a high-risk fund to low-risk fund and vice-versa as per the market timings. ULIPs are, therefore less perilous as an investment plan.

A few charges might get deducted at the time of entry when you invest in a ULIP. These charges consist of fund management charge, Policy administration charge, mortality charges, surrender charges etc. You are paid back a few of these charges in the form of loyalty bonus, provided you make in investment for minimum 10 years or more.

Winding it up!

ULIP is one of the finest goal-based long-term investment-cum-insurance options. Although it was very high-priced a few years back, it has become relatively affordable, nowadays. Now, an ample number of insurers cater pocket-friendly and reasonable ULIP products, which help you in meeting your financial objectives easily and in quite a short period of time.

BRIC Equity Funds Are On The Move Again

Brazil and Russia were investor favorites ten years ago. But a nasty recession in Brazil and Russia, plus the sanctions placed on Russia, have those emerging markets in a financial hammerlock. BRIC equity funds were off-limits to investors, but over the last couple of weeks, those funds have come alive. According to a Boston-based fund tracker, Brazil, Russia, India, and China received $45 million from investors in first two months of 2017. BRIC equity funds are enjoying the longest inflow of cash since June 2016. Commodity prices, corporate earnings and the fact that the Federal Reserve may not raise interest rates are the catalysts for the increase in investor interest. But even with this surge in investor interest, the four emerging markets are still a long way off from the 2007 boom days.

Lackluster commodity prices threw Brazil and Russia into a recession in 2014, and China didn’t help the situation. China was Brazil’s largest trading partner five years ago, but the Chinese manufacturing-based economy started to fall apart in 2012. Productivity and new orders continue to slow down GDP output in China, and that slowdown impacts the BRICS alliance. Chinese banks have too much bad debts on the books. The government is trying to hide the drain on capital reserves, but investors like Jim Dondero, the president of Highland Capital Management think, China’s debt could be the straw that breaks the global economies back over the next 18 months. India is the only country in the BRICS alliance that is posting positive GDP percentages. China GDP output is still better than most, but it is not as good as it was in 2012.

Even though there is renewed interest in BRIC equity funds, Dondero believes investors will support individual funds rather than the BRIC fund going forward. So far in 2017, Russia and Brazil funds received $1 billion each. That is the biggest inflow since the end of 2014. India funds received $380 million so far in 2017 because there is talk that India’s economy may be slowing down. India funds enjoyed cash flow of more than $2.3 billion in 2016.

The number of active BRIC funds continues to drop from the high of 106 funds in 2014. In 2016 there were 79 active BRIC funds. Net assets in those funds shrank to $4.87 billion from $7.6 billion in 2015, according to Jim Dondero.

The BRIC alliance is considered strange by many investors. Dondero and other investors say there are few similarities in those countries in terms of commodity use and commodity production. Many investors are concerned about the political systems in BRIC countries and that keeps many investors away.

James Dondero is a University of Virginia graduate with degrees in finance and accounting. James has more than 30 years of experience in the investment and finance industry. In 1984, he started his career at Morgan Guaranty. He was hired by American Express that same year. Jim spent four years at American Express before he took the job at a subsidiary of Progressive Life. In 1993, he founded Dallas-based Highland Capital Management with his partner Mark Okada. Dondero is responsible for the incredible growth of the company. Highland Capital has more than $16 billion in assets under management. Dondero is also known for his work with nonprofits in the Dallas area. The Highland Dallas Foundation supports several organizations in the Dallas area.

How Is Gold and Silver Valued?

Whether it is about trading, mining, or recycling metals like silver and gold, it is important to understand how each is valued. Pricing metals is not the same as attaching a value to assets. Valuing silver and gold is something that consumers, miners and exploration companies must know their way around.

Where Does the Value of Gold and Silver Come From Anyway

Historically, people were challenged to come up with a form of currency. This medium of exchange was supposed to be practical and portable to replace the barter system, which landed them to the choices of metal. Unlike many other metals on the periodic table, gold and silver can be melted over flame to make coins, do not corrode, and are fairly rare in the world. Between silver and gold, gold stands out far better too as it is easier to recognize because of its unique properties like it absorbs some light when exposed to it.

Gold and silver do not have to have any intrinsic value. The rule of currencies is that it only has any value when societies determine a value for it.

Forward to current day and economies have applied a certain value on these metals, perpetuating their worth. Gold has always been the metal everyone falls back on when a specific form of currency does not work. Gold will always have some sort of value and act as insurance in tough times too.

Sources of Pricing

There are two types of prices. The market price at which something is sold or bought for fast payment and delivery is called spot prices while future price is simply the value at which participants enter an agreement contract to transact on a certain date.

Large Bullion Traders and Banks

Bullion traders and banks work with large volumes of metals with their clients. They sell and buy metal which becomes a part of their trading process. As a result, these work as reliable sources of valuing precious metals.

OTC Markets

This is a market of securities off the exchange market. Here people trade through the electronic network. Financial organizations work as market makers and bid a value that works as the spot price.

Future Values of Silver and Gold

Precious metals futures contracts are traded through major exchanges around the world. These exchanges are important sources for the future values of metals like silver and gold.

Fixing

Fixing is referred to the agreements between participants on one side in a market to sell or buy metals like silver and gold at a certain price while maintaining market conditions so that the price remains the same. This is done by controlling demand and supply to an extent. Throughout the proceedings as price is moved higher and lower as orders are changed until the time comes that orders are satisfied and price is fixed.

Sources:

http://www.investopedia.com/articles/investing/071114/why-gold-has-always-had-value.asp

https://www.goldbroker.com/investing-guide/how-gold-silver-prices-are-determined

Protect Yourself When Your Insurance May Not

office_buildingWhen we make investments, we do so with the expectation that they’ll return a financial gain in the future. For instance, we expect that our home will both provide shelter and increase in value. While there are things you can do to increase your chances of this happening, there are also other circumstances that can unexpectedly arise that can cause you to lose substantially. From natural disasters to financial meltdowns and more, you can quickly find yourself picking up the pieces of your investments wondering where things went wrong.

While we can’t eliminate the unknown, there are things you can do to protect yourself when insurance may not, and it’s worth the time to invest in your own knowledge in order to minimize the impact of the hit these circumstances can administer. Here, we offer four ways in which you can do just that.

  1. Consider Automated Investing

The stock market can be difficult to predict, and there are so many different approaches you can take in the consideration of the best investment choices. That’s where automated investing can help. We have found numerous ways in which we can increase efficiency using technology, and it only makes sense that these many complicated formulas can be more easily considered using machines to do the hard work. With something like Wealthfront Review or some other similar tool, you can explore the many benefits of using this type of service before you make your next big stock market decision.

  1. Utilize the Competitive Nature of the Insurance Business

Because of the increase in connectedness the world has experienced, we now have quicker access to more of the products and services we need than ever before. You can use this to your advantage when you compare insurance quotes online. Armed with the power of negotiation with multiple quotes that are now so easy to obtain, you can receive the protection you need on your most valuable assets at a cost you can afford.

  1. Maintain and Improve

Your home is likely one of your largest investments, and it requires your attention to maintain. Unlike assets like cars, your home is capable of increasing in value over time, but it requires that you take the time to perform regular maintenance such as:

  • Having plumbing inspected at least every five years
  • Inspecting the home for termites every five years
  • Checking guttering system to reduce risk of flooding

You should also consider a remodeling job. It’s estimated that, by remodeling the kitchen alone, you can increase the overall value of the home by about $14,000.

  1. Don’t Forget Digital Assets

We have become increasingly reliant on technology, and it’s becoming more and more important to consider your digital assets and how quickly they could disappear. There are a number of unexpected things that can occur that would eliminate any trace of the valuable information that lies in your business or personal computer that would take years or even decades to replace including:

  • Computer viruses
  • Hardware failure
  • Software corruption
  • Hardware destruction
  • Theft

Considering this threat is still relatively new, it can be easy to overlook. In order to ensure you’re protected, take the time to backup all of your data. There are a number of free applications you can use to achieve this, or you could even backup a physical copy using flash drives or other hardware.

Protecting What’s Yours

You work hard for your money, and eventually you want your money to pay back by working hard for you through retirement. While we can’t eliminate the possibility for bad things to happen, we can prepare for them by making smart choices now in preparation for future potentials. By following these five wise tips, you can be on your way to significantly minimizing the impact unforeseen circumstances can have on the future of both you and the ones you love.

How to Make your Mortgage Money Work For You

If you own a home you already know the benefit of getting a yearly credit against the interest. But, if you’ve owned it for more than 12 to 15 years your deductible interest is no longer offsetting your taxes. There are many ways to make having a mortgage work for you. To discover all the options available, contact a company like Flagship Financial Group to assist with the process.

Most people focus on paying their monthly mortgage payment without giving a thought to how much equity they have in their home. Many even try to add a little extra to pay the debt off earlier than their loan term. While it’s good to keep your debt-to-income ratio in check, it’s also smart to use your investment to your advantage. Think of your home as a savings account. You build equity and borrow against it to pay for things without taking on more debt. It’s a win across the board. You can use the money to renovate, pay for school tuition or to pay off debt. By refinancing, you’ll get a low-interest rate versus a credit card. Plus, you won’t take money out of your savings and you’ll get to deduct the interest on your taxes.

There are many other reasons why refinancing to fund your investment is a good idea. If you’ve always wanted to invest in real estate but never had enough to cover the down payment requirements refinancing your home might be your best option. You can use the equity to reinvest and earn extra income. Since it’s an investment property, lenders will take into consideration the yearly rental income you will make on the property and add that amount to your net income.

If you currently have a fixed rate mortgage and you are looking to lower your monthly costs, you can refinance using an ARM (adjustable rate mortgage). This type of loan gives you a lower monthly premium for the first few years. It can help anyone who is at the top end of their budget reduce costs and get back on track. When the rates change and your payment increases you can always refinance again.

If you are an active or retired member of the military, refinancing using a VA loan can give you a lower monthly payment without the need for a down payment. Since the loan carries a guarantee for payment from the U.S. Government the approval rate is much higher. You don’t need a high credit score and the closing costs are minimal compared to a conventional mortgage. Also, unlike all other loans, there is no P.M.I. insurance added, saving you thousands over the term of the loan. Use social media resources, like the Flagship Financial Facebook page, to review your options.

Owning a home can also help you save for retirement. If you suffer a hardship and need extra cash, instead of reaching out for your pension or 401K, use the equity in your home. You should never borrow against your retirement accounts. The first reason is obvious; it’s for your retirement. Secondly, when you do, the penalties are stiff. You’ll pay 20-30 percent off the top before you get the money. And then when you report it on your taxes you can expect to pay at least another 10 percent. By the time you’re done you’ve spent almost half the money on absolutely nothing.

Whether you are looking to lower your monthly payments, invest in property, renovate or pay off debt, using your home can have lasting benefits. It allows you to have a lower interest rate versus using credit cards or personal loans.

 

Recommending You Effective Forex Trading Strategies

In order to make good money in the market of currencies, a beginner should learn how to analyze the market and create Forex trading strategies on the basis of analysis he does. Certain rules of the market have to be followed by the market participants when trading in Forex. Among these rules is using a trading strategy which can turn an ordinary trading into a profitable trading activity.

Forex Trading Strategies Traders Use

The traders can use or develop the Forex trading strategies which are most suitable for them. Some of the traders use only the technical analysis method while others prefer fundamental analysis. While there are others which use both fundamental as well technical analysis for putting trades in the market. There is a big range of tools helpful to the traders for the analysis of the market and read the fluctuations. The beginner traders need to examine and test all the tools to become skilful in the market.

Support and Resistance levels

Traders use support and resistance levels strategy to determine when to enter and exit in a particular trade. Support is the lowest price level after which a price is likely to start moving upwards. The resistance level is the highest price level at which the Forex traders prefer to close the positions in order to cover the risk of a significant decline. The trends are tested and confirmed at the support and resistance levels. These support and resistance levels can be determined by analysis of Forex charts or previous support and resistance level determined for a period time for analysis.

Moving average Forex trading strategy

We can also recommend a moving average trading strategy. The moving average is used to determine a price over a certain period of time. The short term price fluctuations are eliminated and this strategy allows the trader to view the overall market situation. It is also used to indicate the future price movements whether up or down. If the price is above the moving average the market is bullish and the time has come to buy an asset. If the price is below the moving average the market is bearish and it is the time to sell the assets.

While using Forex trading strategies the traders should clearly understand that using a trading strategy needs discipline and the emotions should not be allowed to interfere. A strategy should be back-tested before using it with your account and a good amount of patience is required to see the strategy showing the results. It is of no meaning to keep on switching Forex trading strategies without giving proper time to any of them.

How Everyone Can Afford to Own a Boat

boat1When regular people think about the hobby of boating, more likely than not, they imagine wealthy people, mimosas in hand, enjoying the sun and surf on their 40-foot yachts. For most people, maintaining this type of luxurious hobby is out of the question budget-wise. However, the truth is that boating can be as affordable as it is gratifying — if prospective boat owners are smart in how they save and spend on their vessels.

Owning a boat certainly isn’t cheap, but for those who are enchanted by the hobby and savvy with their budgets, boating can be reasonably priced and particularly rewarding.

Saving for a Boat

Saving for a boat is just like saving for any other major investment, like a house or a car. Before you start putting money into an account, you have to understand how much you already have available and how much you are willing and able to part with. Then, you should calculate how much your dream boat (or the affordable version of your dream boat) costs and evaluate how long you have until you want to get out on the water. With this information, you can instigate a savings plan that will help you accumulate enough money for your sailing dreams.

The most effective way to stay true to your savings plan is to make it happen automatically. For example, you should ask your employer to directly deposit a portion of your paycheck into a separate savings account. Then, you won’t eat into your boat savings when you dine out or go shopping because your money will be stashed in a separate account from your everyday expenditures.

However, there are dozens of other ways you can get in the habit of saving your money. For instance, you can:

  • Collect the coins from your wallet, purse, sofa, and car and keep them in a jar to be added to your boat savings.
  • Cut down on bad habits, like drinking, smoking, and retail therapy, which have a high price tag.
  • Avoid falling victim to coupon scams, which can trick you into buying items you don’t need.
  • Sign up for credit cards or rewards cards that have useful benefits.
  • Never punish yourself by saving; i.e. you shouldn’t necessarily diminish your current lifestyle in pursuit of a boat

boat_girlBuying a Boat

Before you start saving, you should do research into exactly what boat you want — after all, an inflatable isn’t going to cost nearly as much as a motor yacht. While you consider your ideal make and model, you should also entertain where and from whom you will buy your boat. Certain vendors can make a substantial impact on the price of vessels, so it is important to consider multiple sellers before you put money down for a certain craft.

A brand new boat may be the most desirable, but it certainly isn’t the most cost-effective choice. Like cars, boats begin to depreciate in value as soon as they leave the showroom, so you may be able to find a vessel that is barely a year old but costs more than 20 percent less than a new version. If you are open to the idea of a refurbished boat, you should also look into boat donation charities, who restore old boats and resell them at astoundingly low prices to benefit the community.

Maintaining a Boat

Owning a boat carries almost as many responsibilities as owning a pet: You must feed it (fuel, not kibble), wash it, and take it out every once in a while to ensure it runs healthily and happily. Unfortunately, all of these responsibilities require small additional investments in your vessel which can add up over time. However, there are a few tips and tricks at keeping maintenance costs low in the long run.

First and foremost, you should never neglect your boat’s most important parts: the hull and the engine. If either element falls into disrepair, you will face a choice between spending thousands of dollars in repairs or spending about as much on a new boat. You should be familiar with the necessities of your boat’s engine, including fuel, oil, and various fluids, and you should be diligent in keeping the hull painted and sealed.

For the most part, cleaning shouldn’t be an exorbitant expense. You can make plenty of boat cleaners with household ingredients, like vinegar, baking soda, and water. Additionally, most boaters agree that most cleaning needs are moot if you remember to give your boat a freshwater wash down after every use.

Other boating fees, including marina storage and insurance payments, may not be negotiable, unless you are willing to downsize your dream boat. However, if you have worked hard to afford your craft, you should find it easy to part with the nominal monthly fees that allow you to enjoy such a worthwhile sport.

 

Why Gardening and Investing are More Similar Than You Think

gardeningI’m the first person to admit that I completely lack a green thumb. In fact, I’ve managed to kill just about every house plant I’ve ever owned. However, if there’s one thing I’m determined to do, it’s save money. Recently, I visited my in-laws over the holidays, and I watched my father-in-law work in his garden. Now, I’ve known my father-in-law for 7.5 years, and I’ve enjoyed the fruits (literally) of his labor for a very long time. However, it wasn’t until I sat there watching him that I really started think about how much money he has saved over the years just from using his own soil and his own two hands. In fact, I realized that gardening really serves as a metaphor for investing as a whole.

1. Buy The Seeds

Buying the seeds for a garden is very similar to saving money in my opinion. All it really takes is a small investment in the beginning. You might choose a few different kids of seeds like strawberries, green peppers, or pumpkins. Similarly, you might choose a few different types of investments like mutual funds, CDs, or a simple high yield savings account. Either way, it’s the combination of the different types of seeds/investments that make up the best portfolios.

2. Water The Seeds

The seeds can grow on their own with a nice rain shower, just like a mutual fund will eventually increase in value over a certain period of time even if you never add to it. However, by taking care of the seeds just a little, you can make a big impact. By ensuring they are located in the right soil, receiving the right amount of sun, and the right amount of water, you have a better chance of actually getting a seed to grow. Similarly, by researching various mutual funds, checking the history of the market, placing your accounts with a respected manager, and checking on your money regularly, you can easily add thousands to your overall net worth.

3. Be Patient With Your Seeds

It takes time for vegetables and fruit to grow. It’s not something that happens overnight, and it requires a certain amount of knowledge, thought, and patience. Similarly, your investments won’t pay big returns overnight. It’s the slow, patient investor who typically does the best in the end. Many people have been ruined because they withdraw their funds too quickly and in many cases end up paying heavy penalties.

4. Protect Your Plot

I’ll never forget the time my husband planted me a blackberry bush. Just as those little red berries began turning black and visions of pie were dancing in my head, birds came overnight and ate them completely. My husband was so frustrated. He waited so long for those berries to blossom and he paid around $20 for the actual bush. Yet, because those greedy birds got to it first, we were left with nothing. What we should have done is put a certain type of spray on the bush or at least had a fake snake in eyesight of the birds to scare them off, but we didn’t. The same goes for your investments. You have to protect them and take care of them. You have to understand all of the “birds” that could affect your growing funds. Whether it’s government taxes or other new regulations, it’s up to you to stay on top of financial news and developments and protect what you have.

5. Reap What You Sow

In gardening, just as with investing, you reap what you sow. By following the above steps and taking the time and care to grow your garden, you will be rewarded in the end.

photo by aigle_dore

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