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Tag Archives: money

What Is Money?

BITCOINS

Money has been a part of human history for almost 3’000 years. At the dawn of humanity, bartering was used in lieu of money to buy goods. As early man began to rear domestic livestock, one of the earliest forms of barter included cattle, sheep, as well as vegetables and …

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How the world spends the money

spendings

Romanians allocate less than 1% of the household expenditures for investments, but spend 7% of their income on alcoholic drinks and cigarettes, said Adrian Vasilescu, advisor for strategy with the National Bank of Romania (BNR) this week at a conference in Bucharest. And even the expenditures for clothing and footwear …

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The bank and the client

the bank and the client

A few days ago, I met Dan, an old friend of mine and he made the impression to be in a good mood. ‘Hello Dan, you look happy.’ I said to him while we were shaking hands. ‘Well’, he replied ‘I finally managed to save some money’. Dan explained, that …

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Diversification

diversification

Question 1: Suppose you have some money. Is it safer to put your money into one business or investment, or to put your money into multiple businesses or investments? Answer: multiple ‘The financial concept of diversification’ sounds terrible complicated. But it’s actually just the reduction of a business-risk. Let’s say, …

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Money & Percent

money percentage

Question 3: Suppose you need to borrow $100. Which is the lower amount to pay back: $105 or $100 plus three percent? Answer: $100 plus tree percent I have to be honest, I simply couldn’t believe, so many adult people would have problems to give the correct answer to that …

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A Look Into 2016

stock

Currently, my ‘inbox’ is working overtime while I’m sleeping. Dozens of reports titled ‘outlook for stocks 2016’ or ‘market perspectives 2016’ make their way into my box overnight. The right strategy for 2016 is probably in mind of many investors, so this ‘outlooks’ and ‘perspectives’ are just in time. Before …

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Secrets of Success

secrets of success

‘Never think about money, never work for money. Always think about the product, always work for the product’. Nicolas Hayek, the founder of ‘swatch’, gave that answer, when asked about his secret of success in 1992. On that day in the swiss alps, ‘swatch’ celebrated the sale of 100 million …

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Money & Mistakes I

money mistakes

A financial health study by Wells Fargo revealed that 44% of people would rather discuss death, religion or their health than their financial situation. Now this figure is valid for the US and it’s even higher in the german speaking part of Europe, where for instance the monthly salary is …

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Money & Mistakes II

mistakes

The list with mistakes, a lot of people make their personal finances, is long. I picked 10 out of it. After the first five in the previous chapter, here are number 6 to 10 mistakes people often do: 6. Buying a new car Don’t get me wrong, I’m a car …

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