Category: Business & Finance

Business and Finance News

Credit Risk vs. Liquidity Risk: Differentiating Between Market Risks

boricua01
Credit Risk vs. Liquidity Risks

An Overview of Credit and Liquidity Risk Financial institutions often face multiple risks when investing in assets or issuing loans. Two of the most significant risks are credit risk and liquidity risk. Credit risk in trading is the possibility that a borrower may be unable to repay their debt, which can lead to significant losses for the lender. Liquidity risk is when a financial institution may not have the necessary funds to meet its financial obligations.   Financial institutions must manage these risks effectively to ensure continued financial stability. Effective risk…

Read More

Operation Bootstrap and its Affect on the Puerto Rican Economy

boricua01

Operation Bootstrap Operation Bootstrap was a development program implemented by the Puerto Rican government in the 1940s, with the aim of transforming the island from an agriculture-based economy to an industrial one. The program was a response to the economic crisis that Puerto Rico was facing at the time, and was heavily influenced by US economic policies and ideas. This essay will explore the impact of Operation Bootstrap on Puerto Rico and its population. Operation Bootstrap was initially successful in creating jobs and attracting foreign investment to the island. It…

Read More

How to Put Yourself in a Stronger Financial Position in Retirement

Johnnie Puerto Rico

Are you worried about your financial security in retirement? You’re not alone. Many people are concerned that they won’t have enough money to last them through their golden years. Here are a few ways that you can put yourself in a stronger financial position in retirement. Retirement community provide essential information for seniors and those who want to take care of their retirement plan in advance. Increase Your Savings Rate One way to put yourself in a stronger financial position in retirement is to increase your savings rate. While many…

Read More

How to Encourage Your Kids to Develop Financial Independence

Johnnie Puerto Rico
Financial Independence

Financial independence is one of the most important things you can teach your children. It gives them the ability to take control of their lives and make decisions that are best for them. Here are a few tips on how to encourage your kids to develop financial independence at a young age.  Teach Them Financial Literacy One of the best things you can do for your children is to teach them financial literacy. Financial literacy is the ability to understand and use financial concepts. It’s important to start teaching your…

Read More

Financial Moves You Should Make When You’re Young

Johnnie Puerto Rico

Finances may not be at the top of your mind when you are first starting out in your career, but that is the most important time to think about your future. Setting yourself up right from the start is an important step to creating financial security and can have a long-term impact on your future and the future of your family. While it can be overwhelming to think about, there are a few things that you should make sure are a part of your financial plan. Start Investing One of…

Read More

Financial Issues You Should Think About Before Getting Married

Johnnie Puerto Rico

Finding the one person you want to spend the rest of your life with is an incredible experience and something to be excited about. However, you need to leave room for some practicality among all that excitement. Before you get married, it’s important to talk with your future spouse about finances.  Combining Finances  After getting married, most people will combine their finances and this can look different for everyone. Some people combine all their finances (bank accounts, credit cards, loans, etc.), while some will only combine a portion. Your first…

Read More

What is Crypto Futures?

boricua01
Crypto Futures

Futures is a financial instrument that has been used for around 100 years now. It works with valuable commodities, precious metals, gas, oil, etc. The essence of futures trading is predicting the future commodity’s price and betting on it. That is a highly risky instrument advanced traders use. In the cryptocurrency market, futures trading is also possible. Thorough research and in-depth knowledge of the crypto market are needed for efficient and successful futures trading. Let’s see how it works. Futures Contracts in Crypto What are futures in crypto? This financial…

Read More

Budget Your Way to Success

boricua01
personal budget

Budgeting – Boring or Necessary? Budgeting sounds like a boring strategy used by our parents. For a long time, budgeting was considered the way to manage money because it helped people keep track of where their finances were going. But lots of people are choosing not to budget because it seems so needlessly complicated with little or not benefit. But there is a benefit to budgeting; the real trick is finding a budgeting method that works for you. Here is an excellent strategy to help you manage the money in…

Read More

Financial Planner Basics

boricua01
financial planning

What is Financial Planning and Why it is Crucial for You Even if you do not think you are a financial planner, you better start thinking like one fast. In the United States, there is an approximate of 5.6 million people who are either self-made millionaires or financially independent. And what is so hard to believe about that statistic, you ask? This is because that is only about 5% of the American population. The remaining 95% of the American population (we’re talking about 106.4 million people here!) are not only…

Read More

Credit Card Fraud: How It Happens and How to Protect Yourself

boricua01
Credit Card Fraud

The pandemic has led to increased crime risk all around the world and ‘credit card frauds’ constitute one of the most prevalent methods for swindling money. Common methods for credit card fraud: Lost or stolen cards: Often, fraudsters obtain credit cards by theft or by obtaining a lost card. In such instances, the fraudster tries to use such credit card information for online transaction or other purchases if they can get away without having to use a security PIN. Counterfeit, doctored or faked cards: Fraudsters use devices such a ‘skimmers’ to illegally…

Read More