When it comes to cryptocurrencies, there are many options. There are bitcoins, Ether, Litecoin, and Basic Attention Tokens. Each of these has a unique value and can be a good investment. However, before you invest, make sure you have an understanding of how the coins work. It is important to understand the risks associated with each type of crypto. Also, it is essential to keep an eye on the industry and make your Uncle Sam dues. Bitcoin There are a number of reasons why Bitcoin is a good investment right now. First, the underlying technology behind the currency is sound,…
Author: Megan
Whether it’s the new wave of cryptocurrencies or traditional currency, you might be curious about how they work. Here are a few things to consider before you invest. Taxation, privacy, regulations, costs, and more. You can subscribe to the SmartAsset newsletter for free and opt out at any time. While traditional currencies are stored in physical form, digital currency is a more secure alternative. You can store your funds in both physical and digital form. Taxation The Spanish Treasury recently introduced a new framework for the taxation of digital currencies, which includes new obligations for service providers and holders of…
If you’re wondering: How is the cryptocurrency market doing?, you’re not alone. The market has been roiling since November, but has recently bounced back to a more reasonable $1 trillion market cap. Compared to the $3 trillion market cap it reached in November, that’s still a far cry. So, what can you do to participate in the market? Here are some strategies: Cryptocurrency investors could be in trouble A recent report by the U.S. Securities and Exchange Commission lays out the risks that cryptocurrency investors face. The report notes that the most common way for crypto investors to access the…
Behavioral finance is a field of study that analyzes the impact of emotion, cognitive biases, and other psychological factors on financial decision-making. This field aims to identify systematic mistakes and biases in our financial decisions and to help investors achieve their investment goals. It has become an important tool for financial professionals and investors alike. Read on to learn more about behavioral finance. Behavioral finance is a subfield of behavioral economics. Listed below are some of its most prominent practitioners. Behavioral finance is a subfield of behavioral economics Behavioral economics and financial markets are two related fields that study the…
In the case of a business, financial management focuses on how to pay for operations and growth. Companies might sell assets or equity to fund their growth. In addition, they must keep enough cash on hand for day-to-day operations and purchase raw materials. Companies also introduce new products and services, like toothpaste. In these cases, the financial manager calls on a team to determine the cost of the toothbrushes and find sources of funding to meet that cost. Investment decisions Investment decisions are important for companies because they decide how to allocate financial resources in various investment categories. Investment decisions…