-
What are stocks?
If you are interested in investing in stocks, it is essential to first fully understand just what stocks are. Definition Stocks are shares. This share is a piece of a company that you can purchase and own. When you invest, you buy a part of the company and give them money to build and grow.…
-
How to prepare and save money for a recession
A potential recession has been on the minds of many economists, policymakers, and just about every adult who has been following the news recently. It seems clear to people that a recession is imminent in the near future. Of course, we can’t exactly predict when a recession will take place but we can prepare for…
-
Basic Investment Strategies
If you are thinking of investing and are confused about the best strategy for you, then we’ve got you covered in this post. So, here are 3 basic strategies for investing: 1. Momentum Investing (aka Day Trading) This type of investment is looking at the activity around a company. It is normally associated with what…
-
Online tools: Online Stock Market Simulator
The internet offers a lot of resources and tools on a wide range of topics. A great way for you to gain a better understanding of how the stock market operates is to use a simulator. Here are a few online stock market simulator resources that you and your family can use: Wall Street Survivor…
-
Investing 101: What are ETFs?
When you are looking into investing, you’ll come across the term ‘ETFs’. So what is it and who should consider investing in Exchange Traded Funds (ETF) as an investment option? Exchange Traded Funds are a popular investment vehicle that many people consider. What are ETFs? They are investment funds that are traded on stock exchanges,…
-
What is the dollar-cost average strategy?
One strategy that you can consider or even utilize is that of the dollar-cost average. It is an easy strategy that novices in investing can quickly grasp. This strategy is defintely worth learning about and considering if you are looking to build wealth over the long-term while minimzing risk. The definition: Dollar-cost averaging (DCA) is…
-
Investing 101: What is a dividend?
When you begin learning about important topics related to investing, a term you will come across is dividend. We’ll break it down for you. Definition: They are payments a company makes to share profits with its stockholders. Dividends can be paid on a regular basis and is one way for investors to earn a return…
-
Starting to invest: Rules of 3
If you are interested in investing your money but feel like you need to have a lot of money saved up.. this post is for you! Nowadays, you no longer have to save up a lot of money to begin investing. The amount you need to get is the exact amount you want to invest…
-
What is a Charge Card?
If you reside in Saudi Arabia, chances are you’ve seen banks and financial institutions provide a charge credit card as an option alternative to credit cards. You will see institutes like Alrajhi Bank and American Express offer customers in Saudi Arabia the option to get either a credit card or a charge credit card. So…
-
Study shows what ages young children learn financial literacy concepts
As we grow, we observe everything around us and learn important values through imitation – this is no exception for young children as they grow and learn financial literacy concepts. Encouraging positive habits of self-regulation in young kids and supporting their financial understanding. Introducing them to concepts as they grow in a positive environment, be…
-
A few ways to teach young kids about money
Teaching young kids about money is part of preparing them for the world. Concepts need to be broken down into simple lessons and a great way is to teach your child as they grow. So, here’s how you can give your kids a head start and set them up to win with money at any age.…
-
How to get a credit report
We’ve discussed what a credit score is, so how do you get the credit report? In Saudi Arabia the credit bureau, SIMAH allows customers to make a purchase to receive a credit report. It is important that you keep track of your score and one way to do this is to review the report. You…
-
Let’s learn about Investments!
Hey there, young investor! Have you ever wondered how you can make your money grow? Well… we’ll cover all you need to know about investments! What is an Investment? Good question! An investment is like planting a seed and watching it grow into a beautiful tree. Instead of planting a seed in the ground, you…
-
Protecting your digital banking information
As much of our lives are now online it’s no shock that most financial dealings and transactions are digital too. From e-commerce purchases to personal banking, we are conducting more and more of our transactions online. It is all the more important to be vigilant about how you can protect your information. All this digital…
-
What is Compound Interest?
Interest is money you earn on your savings or pay for borrowing. Compound interest is money you earn on both the money you save and the interest you earn on that saving. So every year you earn interest, you also earn interest on the interest itself. Compound interest is great when you’re saving. Here is…
