Finance

Here CCT writers help people understand the basics of financial planning, share tips on saving money, the path to success & ideas on breaking bad money habits.

Smart Personal Finance Management Tips to Apply Today

Smart Personal Finance Management Tips to Apply Today

Smart Personal Finance Management Tips As you start earning, you realize how important is financial management. Needless to say, it is a part of adulting. People learn it through trial and error. Here are some tips for financial management that you must start if you haven’t already. Emergency Fund If you are freshly employed, the first thing …

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What is Bitcoin Cash? How Do Bitcoin and Crypto Work?

Bitcoin cash is a cryptocurrency from a fork of Bitcoin. Bitcoin cash has increased block size, to increment transactions to be processed & improve scalability.

Bitcoin cash Bitcoin cash is a cryptocurrency created in August 2017, from a fork of Bitcoin. Unlike Bitcoin, Bitcoin cash has increased the block size, to increment the transactions to be processed and improve scalability. After its creation, Bitcoin cash got a drastic growth which helped it to become the 3rd most successful cryptocurrency over a short …

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A step-by-step guide on how to buy bitcoin and store them.

A step-by-step guide on how to buy bitcoin and store them.

Bitcoin is a scarce resource like gold. A total of only 21 million bitcoins can be mined. Hence the price of one single Bitcoin is as high as $19,237, which when converted to rupees amounts to a whopping Rs. 15,19,290. Most people cannot afford to buy one single bitcoin by themselves. Also, most people would …

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What is financial economics definition & its main methods of analysis?

What is financial economics definition & its main methods of analysis

Financial economics Financial Economics is a field of study where finance and economics are combined to help the investors in making informed decisions regarding investments. However, this is essentially a branch of economics. This branch of economics is mostly concerned with monetary activities and investment decisions.  Financial economics analyses the use and distribution of resources …

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Financial Engineering – Definition, Usages, & How does it work

Financial Engineering – Definition, Usages, & How does it work

Financial Engineering  Finance and engineering (Financial Engineering) in the same term! Now that sounds out of place and intimidating at the same time. How do these two disciplines collab to form this term – financial engineering. Financial engineering uses mathematical tools and concepts to provide solutions to complex financial problems.  What else does it help …

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The benefits of holding stock for a longer time

The benefits of holding stock for a longer time

Introduction of stocks When an individual or a company invests in other financial institutions under the stock exchanges for more than a year it is termed a long-term investment strategy. In this strategy assets such as bonds, stocks, exchange-traded funds(ETFs), mutual funds, and more are held by individuals or companies. A long-term investment strategy is …

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What is a Bull Market? Definition, & Strategic Tips

What is a Bull Market Definition, & Strategic Tips

Bull market A condition of a financial market in which prices of different stock securities are rising or are predicted to rise in the future is called a bullish market or bull market. This term is mainly used in the stock market but can include other commodities such as bonds, real estate, currencies, commodities, etc.  …

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What is a financial planner and what do they do?

What is a financial planner and what do they do

Financial planner A financial planner as the name suggests works as an advisor and works with clients to help them manage their finances and their financial goals. Deep knowledge of personal finances, taxes, budgets, and investments is required to be a financial planner/advisor. The financial planners are experts in tax management, allocation of assets, management of …

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What is a financial plan & Steps in calculating an individual’s net worth

In a financial plan, all the economic whereabouts of a person or an organization are collected, then a thorough study & evaluation of the whereabouts are done.

Any plan-making involves research, data, and end goals. Financial plan making involves making a document of information related to a person’s or organization’s current financial condition and long-term goals as well as systematic plans to achieve those goals. In a financial plan, all the economic whereabouts of a person or an organization are collected, and …

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Why are financial institutions important?

Why are financial institutions important?

Financial institutions or banking institutions are banking entities that provide amazing services/offers for different money/finance-related exchanges. These transactions can be in the form of deposits, loans, investments, raising capital, and exchange of currencies. Financial institutions deals in a wide range of business transactions, within the financial markets which include banks, trust companies, insurance companies, brokerage …

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