Getting credit cards is really simple and accessible able in today’s generation. Even the younger generation who just enter college have easy access to credit cards (Those credit card companies want to take advantage of the unexperienced youngster). Those credit card companies don’t have your best interest in mind. After all, they are in this business to make profit. I have to admit having a credit card can be an incredible tool such as building credit, cash back rewards, and point rewards that can be used for traveling and souvenir exchange. But the question is, do anyone know that getting into credit card debt can actually ruin your financial life. I’m talking about digging yourself into really deep hole and unable to get out from the financial mess. I believe how you handle your credit now can have huge ratification on your financial future. If you don’t use it wisely, you are going to be stuck in the vicious cycle for the rest of your life. I wrote this article hoping people will not entangle in this financial situation. I don’t want people to realize this problem later on in life when it’s too late. So how credit card and its debt can ruin your life?
Sunday, June 19, 2016
Thursday, June 9, 2016
A Bear market is a market condition in which the prices of securities are falling due to widespread pessimism that causes the negative sentiment. During this time, many speculators and investors rush to sell their positions worrying that they will lose their portfolio value. Since there are more seller than buyer in the market, the pessimism only grows stronger which will eventually lead to a huge stock decline. Many people were told to stay out of the market during this time or maybe to sell all their positions in certain companies (I did this before and I regret it till now). However, you may be surprise to find out that you don’t need upward trend market to make money in the stock market. As for me who is a dividend growth and value investor, I tend to see things with long time horizons and see the bear market condition differently than most investors out there. You will see many great quality dividend growth companies trading at cheaper price. As a value investor, I tend to focus more on the quality of the business rather than the short-term or near-future share price. You shouldn’t be scared that the stock price has decline tremendously, in fact you should embrace it. I focus more on the quality of the business rather than the short-term or near-future share price. And knowing the quality of business, I use the bear market condition as an opportunity to purchase great companies. So what’s the reason behind it!