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Showing posts from September, 2022

The End of Doller empire !

The End of Doller empire!  Saudi Arabia is in discussions with China to price some of its oil sales in yuan, but as ties with Washington continue to be strained. Beijing and Moscow are diversifying. China and Russia have taken another step closer towards dumping the dollar and agreed to trade in their respective national currencies, the Russian ruble and the Chinese yuan. The End of Doller empire Hi everybody. the US dollar has been the most powerful currency in the world for 80 long years.  This reserve currency status gives the United States such unprecedented power over the world economy that can cripple the economy of any country within a fortnight. And because of this power, it has even dominated giant players like Russia and China. But you know what guys? This is where China and Russia have actually come up with a master plan to kill the dollar dominance in the world. And if you look at the past 10 years data, you will see that it's actually working out quite well. In 1999, U

What is the difference between index funds and mutual funds?

In this article, we're going to be discussing mutual funds, index funds. We're going to talk about the differences and how they work ? You could think of a fund kind of like a basket of stocks. Instead of trying to find the perfect company to invest in, you can invest in a fund which gives you exposure to a whole bunch of stocks. So if you invest in an individual company and it goes bankrupt or now you lose everything. This is where funds come in handy, kind of like the S&P 500, which gives exposure to the biggest 500 companies in the stock market. So a fund is a way for you to lower your risk by investing in a group of companies instead of just one. A mutual fund is a fund that's actively managed by a money manager, and now there's going to be a money manager who's going to be investing your money for you into a whole bunch of different companies. Mutual funds have the highest fees because now you're paying for a money manager to actively manage your money.