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MoneyMagpie

The Difference Between a Mutual and a Bank

Reading Time: 3 mins We’ve all heard of banks – but do you know what a mutual is? You probably already know about them, without realising it! Here, we cover the main differences between a mutual and a bank, and why you should consider using a mutual for some of your savings strategy. The History of Mutuals Mutual and … read more

How to Find a Good Financial Advisor

Reading Time: 5 mins   We all need professional financial advice at some time in our lives. But how do you find a good financial advisor that you can trust? When to Find a Good Financial Advisor Tied vs Independent Advisors Using Type-Specific Advisors Finding Recommendations Your Rights on Financial Advice Is Free Financial Advice Worth It? More Investment … read more

How to choose high dividend shares

Reading Time: 11 mins if you’re looking for a regular income, or you want a successful investing strategy, one of the best things you can do is to invest in high dividend shares. If you are growing your wealth a great tactic is to invest in high dividend shares and use the dividend payments to re-invest in the company. … read more

7 great ways to invest for your children

Reading Time: 6 mins If you want to invest for your children, it’s a lot easier than it used to be. There are plenty of tax-efficient options that help you save for your child’s future – including pensions for babies! (Yes, really). Take a look at the different ways you can invest now for a rich future for your … read more

Three Easy Ways to Start Investing (When You Don’t Know How)

Reading Time: 6 mins Investing is the only way these days to really grow your wealth. Of course, it comes with some risks (you could end up losing what you put in) – but if you let your cash sit in a low-interest savings account, that’s already losing spending power just sitting there! Interest rates are below inflation at … read more

How to invest when you don’t know anything!

Reading Time: 8 mins Once you’ve built up a decent cash buffer, you may be wondering how you should invest your money for the future. Investing your money means you can grow your wealth over the long-term, but you’ve got to make your money work for you. There’s no point leaving your cash in an account offering below-inflation interest … read more

Exchange-Traded Funds: A Step-by-Step Guide

Reading Time: 6 mins Exchange-Traded Funds (ETFs) provide a cheap, easy, and relatively reliable way to invest in the stock market. (Well, as reliable as possible – remember, any investment means you could lose money as well as make it). They’re easy to buy and sell, with typically lower transaction and account fees than managed funds. So, what are … read more

Five Ways to Grow Your Wealth Without Savings Accounts

Reading Time: 7 mins Cash savings rates are almost non-existent at the moment – it’s 0% of nothing on the whole – so you may be looking for other ways to grow your wealth. In fact, savings accounts have never been good for long-term investing. They are great for the short-term and in fact it’s essential to have enough … read more

What’s with GameStop and silver? The power of the Reddit investors

Reading Time: 4 mins You’re aware of all the fuss over the American retailer GameStop where its share price rocketed after some investors on social media ganged up to push it up? Now it is happening again. The price rose by 104% overnight so I’m republishing this article that I wrote on 3rd February. The piece also covers how … read more

Is Investing Worth the Gamble?

Reading Time: 5 mins Investing has caught a lot of attention recently with more people than ever looking to start. But, many people still ask ‘is investing worth the gamble?’. Understandably, you don’t want to risk your hard-earned cash on a strategy that is unlikely to work. The Share Centre reported a 269 percent increase in investment account openings … read more

Top 10 ways to grow your money

Reading Time: 9 mins Don’t let your financial fears ruin your retirement – you can invest and grow your money for your old age. You can find safe investments and good money-making ideas if you know where to look, and that’s where we come in. There are some simple principles you can follow year-on-year that will help you make … read more

Make Money with Cloud Mining

Reading Time: 3 mins Cloud mining is an advanced strategy that takes cryptocurrency investment to the next level! That means you’ll need to invest a little more into it – but the returns could be much bigger! (Remember, as with all forms of investing, you may not get back what you put in. And always seek professional financial advice … read more

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