Wealthy Habitat Technical analysis refers to a methodology utilized in the assessment of securities through statistical analysis generated by market activity, specifically previous prices and volume. The goal of this approach is identifying patterns and trends that may indicate potential future activity. Technical analysts uphold the belief that a security’s historical performance, as depicted on a chart, …
What is a 401k? A 401k plan is a special account funded by withholding employment income prior to taxes. It is employer sponsored, providing employees with an avenue to begin saving for a secure future. Contributions are taken from every paycheck, allowing regularly scheduled contributions. Some employers may also offer matching contributions up to a …
If you’re like most people, you probably dream of retiring early. Who wouldn’t want to quit their job, enjoy a leisurely lifestyle, and still have enough money to live comfortably? While it may seem like a pipe dream, there are actually several different strategies you can use to retire early. We’ll take a detailed look …
Health Savings Accounts (HSAs) are a type of investment account that allows you to set aside pre-tax money for healthcare expenses. HSAs are a great way to save for healthcare costs in the short-term and long-term, but there are some limitations to be aware of before opening an HSA. We’ll cover the basics of HSAs, …
An IRA is a powerful vehicle that empowers people to preserve their golden years and bask in the warmth of tax benefits. There are several types of IRAs. For example: Traditional, Roth, SIMPLE, SEP and Inherited IRA. We’ll focus on the two most common forms, Traditional and Roth. Each having their own benefits that must …
Investing in the stock market is a great way to grow your wealth over time. But before you begin investing, it’s important that you choose the right stockbroker for your needs. There are many different stockbrokers available, each offering different features and services. To help make choosing the right broker for you easier, we’ve compared …
What is Inflation?Inflation is a term used to describe the gradual increase in the cost of goods and services over time. As inflation rises, the purchasing power of money decreases. This means that although prices are increasing, people are able to buy less with their money than they would have been able to before the …
Cryptocurrency has become a buzzword around the world. Many people have heard about it, but few understand what it is or how it works. To make matters worse, there are conflicting opinions from experts on whether investing in cryptocurrency is a good idea. We will help break down some of the pros and cons of …
Cryptocurrencies have become more and more popular over the past few years, but there is a lot of confusion surrounding them. With so many different types of cryptos out there, it can be difficult to know which one is right for you. Let’s take a closer look at three popular cryptocurrencies so you can understand …
Blockchain technology has become increasingly popular in recent years, as more businesses and individuals realize the potential of this new form of digital ledger. But what is blockchain, exactly? And how can it be used to benefit everyday life? Let’s take a look at the basics of blockchain technology, and explore why it’s gaining traction …