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Opportunity Cost - Definition "Opportunity Cost" is what needs to be given up to get something. This is different from an item's price. Imagine you want to buy some stock for your virtual portfolio - you can afford one share of either Apple () or Alphabet, Inc. (). Your Opportunity Cost of buying one is that you cannot also buy the other, meaning you'll miss out on any potential returns and dividends. This problem appears in every choice you… Read More...Business
Personal Finance
Effectively Juggling Bills - It happens to everyone: a monetary emergency happens, such as a car breakdown, draining your bank account. Bills are still coming in, and you already know that you will not even be close to paying… Read More...
How to Evaluate a Portfolio Manager - A good way to evaluate a manager is to ask many relevant questions pertaining to your own personal financial situation and your financial goals. Examples of questions to ask are: Read More...Bankruptcy - If you are severely behind on your bills and all other debt management plans have failed, the last option available is declaring Bankruptcy. What is Bankruptcy? Bankruptcy is a type of forced debt settlement, and… Read More...
Money – Types of Stored Value - Definition When we think of money, stored value means anything that isn't cash, but you can still use to transfer value - checks, debit cards, gift cards, and forms like that. These are used to transport some… Read More...