by elmads An industry that financially protects people from disasters that may or may not happen in our lives. This itself gives certainty from the uncertainties of life, a sense of comfort, and stability. It bestows peace of mind and a goodnight sleep that no matter what happens to us Read more
by elmads Introduction When I was young I encountered the word insurance due to my grandfather, as he worked part time in the insurance industry. Then as I grew up, I get to hear it frequently, my parents took insurance plans, and some of my relatives including my cousin also Read more
by elmads Introduction Investing in FTSE Global All Cap Index fund and even on other funds that invests on businesses (equities) posses risks, and one of which is the fluctuations of its prices. If market price goes down so as your invested money, this is where first time investors usually Read more
by elmads Introduction Opening a mutual index fund account is easy, but finding which fund to choose from the tenths to hundredths of funds is an overwhelming task. In this blog, I will be writing about the basics of my personal fund of choice if I had started from scratch Read more
by elmads Introduction I made this blog to share what would I have done if I started to invest again from scratch, with only the very basic knowledge about investing and a simple goal of wanting my money to work for me over a long period of time. Also, Without Read more
by elmads Introduction In my previous blog “The Creation of Money Part 1” I’ve discussed two ways how money is created. One is to through “seigniorage” (Central bank printing money then the difference between the face value of money and the production costs which also becomes the income of the Read more
by elmads Introduction Have you ever wondered how money is created? Who makes the money, how does that new supply of money go to the economy and hopefully into our hands. There’s a lot of question, and a lot of complexities with it as well. We have a lot of Read more
by elmads INTRODUCTION I’m thankful that I’ve been born in this era of technology, where the means of communicating with someone has been faster than ever. With just a few taps of our finger on our smart phones, we could reach our loved ones as far as the opposite side Read more
by elmads INTRODUCTION The financial system as a whole is a complex topic that only few people would like to understand. For some, The financial system as a whole is a complex topic that only few people would like to understand. For some, money itself is just a network of Read more
by elmads Introduction This is the continuation of my previous blog titled “Banking & Their History” Banks are an important part of a country’s financial system. They are the intermediary of money, the custodian of wealth and the financier for business’ endeavours for growth and expansion. In this blog we Read more