Since the book "Fortune's Formula" came out, many investors use the Kelly Criterion to figure out how much they should invest. Most of these investors, though, haven't gone through the math behind the Kelly Criterion or read Ed Thorp's paper on...
For a millennium, mankind attempted to define and measure risk.
From the time of Pascal and Golton to today's forerunners in academia, people have been trying to define and measure risk. There doesn't seem to be a way to mathematically...
A loan that pays off your other debts, saves you money, and can also save your credit is a new way to deal with debt that is getting a lot of attention. Unsecured debt consolidation loans are what they are called (UDCL). When you want to get a...
When you want to invest in your future, you need to have a good financial statement. If you need a personal loan for whatever reason, your finances and credit history will be looked at.
Now is the time to think about debt management as a...
When the phone rang, I was making cookies and cleaning up. As I juggled dish towels, the phone cord, and running kids, the voice on the other end told me that she had been a client of mine more than a year ago. She then told me about her family's...
Due to its huge size and ease of use, the Forex market is quickly becoming one of the most popular ways to invest. But it is also one of the riskiest ways to invest because its prices change quickly and because most of the market is heavily...
You've worked hard to get to this day, when you graduate from high school. Some people breezed through high school, while others had to work hard. In either case, you've probably been in school for twelve years. What is the one thing you didn't...
It's a very bad idea to get a mortgage loan that lets you pay off your debts and then spend more than you should, which will put you in more debt. Some people might benefit from this type of mortgage, but more often than not, it will make people...
Setting up a budget, sticking to it, and keeping track of everything you spend is the best way to fix and rebuild your credit after it has been damaged. Don't be tempted to file for bankruptcy; you'll ruin your chances for the future. Even...
You should think about how to use good money management skills to build your credit today. The first thing you should do is keep track of what you spend and make a strict budget that you can stick to. Bankruptcy and consolidating debt may add...