When you buy and sell shares within a single day, it is known as intraday trading. When you make only one side of the transaction, that is, either buy or sell during the day, it is known as a delivery trade. This means that if you do not buy and sell on the same day it becomes a delivery trade. As a trader with a well-known...
You may think the cost of owning a car is only the monthly payment, but there’s much more to it than that. The costs can actually add up quite quickly. To figure out the true cost of owning your car, you need to calculate insurance costs, fuel costs, and monthly maintenance costs. Check out these factors that can increase...
Your credit report is one of the most important components of your financial life. Having a good credit score plays a significant role in whether you can do things such as renting or buying a home and an automobile. According to Remitly, your payment history makes up approximately 35 percent of your FICO credit score. Other...
Life as a student is full of possibilities and excitement. Without family to come home to, you’re in charge of your life – potentially to the first time! There’s no one you have to explain your late nights, and how you manage your mornings if your business. There are also clubs and societies, trips, and all the other...
A mutual fund can be described as an investment set-up that constitutes a pool of money collected from various investors with the aim of investing in securities such as stocks, bonds, and other assets. The management of mutual funds is in the hands of professional ‘money managers’ who distribute the fund’s investments and...
The rapid evolution of new technology has disrupted many industrial sectors, and it should come as no surprise to learn that it has had a significant effect on the investment world. Though the industry remained relatively unchanged until 2000, the story since then has been of rapid development that has affected many traditional...
Unless you have discovered a hidden treasure somewhere, hit the lucky numbers on the lotto or got a surprise inheritance, then your first home purchase is highly likely to be through a mortgage. If you’re looking to get a mortgage in Canada for the first time, it’s imperative that you know what the application process...
As nice as it would be to always have the money you need to cover your finances, it’s not always possible. There are things you may want or need like a house or a car that might cost more than you have up front. There are also things that could arise without notice, that will require a lot more money than you have saved up....
Before they give you a loan, lenders need to know some things about you. So, naturally, they might ask you questions, some of which might be more direct than others. What you should understand is that this is simply necessary and normal at this stage of the process. Just as you want to know about all of the loan terms, they...
Insurance is a word which gets bandied about a lot, and for good reason. In some situations, it can be illegal to not have insurance (You must insure your car if you are going to drive it, for instance), whereas it is completely optional in others, so it is well worth doing your research to find out exactly how it works and...