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Paul Orfali - How to become a smart investor

Paul Orfali - How to become a smart investor Getting ready to invest in the stock market? It is often said that it takes years to become a smart and intelligent investor. In fact, you can become a smart investor if you know a few skills and act wise. It is all about making wise investment decisions and recognizing the investment frauds that come your way. If you are looking forward to becoming a smart investor, here are a few tips to help you.  Get in-depth knowledge Before you start investing, you should have an in-depth understanding of the market. When you have the proper knowledge and a better understanding of the technical patterns of the markets, you are in a better position to win the game. It will let you know the impact of fees on various investments. Also, it helps to minimize the risk.  Have a proper strategy If you are planning to become a smart investor, you should start by figuring out your specific financial goals. When you know the financial goals, you can fram...
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Paul Orfali - Tips for effective risk management as a beginner investor

  It is needless to mention that markets are subjected to volatility. Nobody can stay fully guaranteed about the market outcomes. In short, there is nothing risk-free in the investment market. To be on the safe side, you should have effective risk management strategies that help you minimize the risk associated with your assets. Here are a few ways for effective risk mitigation.  Stay informed about the risks Be it any asset class you choose, there is a significant level of risk associated with it. Knowing about those risks is very important before you invest in it. Ideally, you should have a probable maximum loss plan which will help your investment more cautiously. Also, make sure to take risks that you can afford in the long-term.  Build a diversified portfolio  Diversification refers to the process of allocating capital in a way that reduces the exposure to any one particular asset of risk. To reduce risk or cope up with market volatility, you can invest in a var...
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Why are investments important in life?

  In simple words, investments refer to the act of investing your money into various financial assets in order to make extra income. For some people, the income earned out of investments becomes the primary source of income. The world of investments has a lot of benefits to offer for you if you invest your money wisely and systematically. If you are contemplating the role of investments in life, this blog is for you. Listed below are four major reasons why you should never overlook the importance of investments.  Increase your income  Not to mention, money does not double on its own. You need to take risk of some level to increase your wealth. The key lies in choosing the right place where you get the right returns for the risk you have taken. Although various factors determine the returns, you can increase your wealth by making wise investments.  Reach financial goals  All of us have different financial goals and wishes in life. With a regular income, we may ha...
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Location: Ottawa, ON, Canada
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Life Insurance: Help your loved ones beyond your life - Paul Orfali

  I n recent times, insurance has become one of the most essential financial practices in the world. Insurance is a form of security and protection from finance-related losses. It is used as a security against financial uncertainty to serve as compensation for damages/ losses. Why Life insurance? There is risk in every walk of life. To ensure that you are financially secure against all odds related to your life you must buy insurance for different risks including risk to life. It enables you to face any type of problem in life. Insurance is an important part of financial planning. Life insurance is a very vital financial instrument that shields your family and allows you to leave for them a non-taxable amount at the time of your demise. Life Insurance could be used to cover your mortgage and your personal loans, for example...car loan. The benefits of life insurance Upon the death of the insured person, the surviving family or other beneficiaries will get a lump-sum life insur...
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Location: Ottawa, ON, Canada
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