Get Paid to Study Investment with FX Trading

by Mrs Money

OK, that specific arrangement is never going to materialize, exactly. No one pays investors. They pay themselves, through lots of hard work, practice, and learning. But there is tremendous opportunity these days to learn investment by doing. You don’t have to map out a 30 year plan to get started. Instead, you can take advantage of many of the fast-paced, high-reward investment offerings made possible by the internet.

Day trading has always been the fastest form of investment. It is so-called because of how rapid day trading transactions occur. If you zoom in on stock growth chart, you’ll see that there is endless detail. Values jump and fall constantly. If you are looking at a window of time that’s too big, like a month, you’ll miss this. But if you zoom into a stock’s value over, say, 2 minutes, you’ll find all sorts of variation from moment to moment.

These nuances are made all the more evident by the speed and power of the internet. In the old days, day traders would have to go to the economic centers of the world, to be at the source of this information. They would watch the values of the entire world jump and jive, making decisions in a split second that could earn or throw away millions of dollars. Many careers were made a lost this way, but this form of trading was reserved for a specific set of people, not regular folks.

The internet changes all of this. Now anyone can watch investment values in real time. The internet is so fast for just about everybody, that it’s very difficult to eke out an advantage. So what’s left if the same information is accessible to all? The answer: skill and insight. Those who know how to invest well will be able to take care of real information. Those who don’t know how to invest will fail.

In investment, as in life, knowledge is power, and money. But they only way you acquire knowledge is through trial and error. This form of learning can be costly, especially when you are playing with money. But there are ways to do it without much risk to your bank account at all. FX trading with CMC Markets is one of the best ways. It’s a simple investment problem. Two currencies are paired. You predict which will rise in relation to the value of the linked partner currency. If you get it right, you get dividends. If you get it wrong, you lose your investment and extra depending on how much things changed.

The great thing is you can learn this using a free trial. As in all investments, knowledge about what will be a sensible investment is found through research and pattern recognition. Currency values don’t change in a vacuum – they have real world causes and effects. By correctly understanding which events and world leader decisions make these changes, you’ll be able to make money more than you lose it with FX trading. This form of investment will help you learn the skills to make you a successful investor across the board, even when you’re making investments much more complicated than this.

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Is Home Ownership Worth it?

by Mrs Money

Recently, we had a large storm come through and it took one of the big trees between our neighbor’s house and ours down.  It landed on the power lines and surprisingly enough, we didn’t lose power.  We called the electric company and they came out to assess the damage and decided that they needed to turn our power off because the tree had ripped our electric meters off our houses.  They also told us that we needed to get an electrician in to repair the electric meters.  Sigh. We got the electric meters repaired and called to have the electricity turned back on.  They told us that we had to call the county to have the work inspected.  We called, and then found out that we had to pull electrical permits (more money) to have the inspector come out.

We took care of all that, went and paid for our permits, and are currently waiting for the inspector to come out.  Thankfully, he was kind enough to call the electric company and have our power turned back on so we weren’t without power for many days.  Through this same storm, Mr. Money woke up to a weird noise in our house and realized that the ceiling in our living room was leaking.  He went up into the attic and realized that there were two more leaks on the other side of the house!  Thankfully he went up there because we never would have known.  We had to have a roofer come out and fix the leaks.

In all this, I can’t help but feel like sometimes renting would be a better option instead of homeownership, especially for some people.  When you think of all the mortgage interest you pay, the cost of homeowners insurance, general upkeep, roofing that will need to be replaced, paint, upgrading that needs to be done every 15 years or so, appliances that will eventually have to be replaced, etc., it adds up!  It’s overwhelming to me to think of all the costs that could add up all at one time!

I’m thankful that we live frugally so hopefully when these things need to be done we’ll have the money to do them. In the meantime, we’re just going to live with the things we have and try to save as much as we can for future expenses.  Since all of this happened, I have been very grateful that we have a small emergency fund to cover some of this stuff!

However, on the other hand, I can’t help but think of how easy it would be if we were renting to just call the landlord and they have to take care of all the problems :) I am hoping in 18 or so years when our mortgage is paid off that I’m thankful that we do have a house.  Not having a mortgage payment will be beyond amazing, and I’m sure then we will feel differently about owning versus renting!

What do you think- is homeownership worth it? Would you rather rent or own?

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