Personal finance is the financial management that an individual or a family unit performs to budget, save, and spend monetary resources in a controlled manner, taking into account various financial risks and future life events.
Bonds may not be as commonly encountered in daily life as stocks, but they play a crucial role in financial markets. Simply put, a bond is a form of “loan agreement” where the investor lends money and receives interest in return. Bonds are issued by individuals, corporations, or governments to raise capital. Investors who purchase … Read more
A stock is a financial asset that represents ownership in a company. It is a type of security issued by businesses to raise capital. When individuals or institutions own stocks, they essentially own a portion of the company, which entitles them to potential dividends and capital appreciation. Many people invest in stocks today because they … Read more
Personal financial planning refers to “all activities aimed at efficiently managing finances, increasing assets, and maintaining financial stability.” In modern society, the term “financial planning” is no longer a choice but a necessity. Beyond simply saving money, the key to financial planning is effectively utilizing current assets and increasing their future value. So, how should … Read more