Recent Money Morning Articles
TFSA – A simple way to make your children financially independent
Even a small investment at the start of a child’s life can turn into life changing money by the time they retire. And by storing that investment in a Tax-Free Savings Account, or TFSA, you can avoid taxes on all the growth. To illustrate the power of this simple tax-free strategy let’s look at a couple scenarios.
3 Easy to understand ETFs to replace your savings account
Perhaps you’re saving up some money for a holiday.Or a deposit on a car or house…Maybe it is just some savings for your ‘rainy day’ or emergency account…Whatever it is, we all have savings accounts.Here’s the thing though – if you save correctly you could stand to DOUBLE thereturns on your savings!Let me explain… The ETFs that are better than your savings account
Why has Iron Ore soared over 35% since May?
Like many other commodities, Iron Ore started 2023 on a high note.From January to mid-March, it rallied over 23% higher.From there, the Iron Ore (and other commodities) price started to turn…and head in the other direction.But surprisingly the direction changed after it dipped below $100 in late May.Since then, it has soared over 35%! So why the about turn for Iron ore when many other commodities have not followed suit?
Know what’s happening in the markets… Why it’s happening and never miss another investing opportunity again.
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3 Ways to protect and preserve your trading account!
“Hi Timon. Losing more money than I intend is always a worry. I am thinking of cases where certain markets just drop suddenly and quickly. How do I protect my trading account? Is a stop-loss the only way, should I have a few accounts and what do you think of putting all your eggs in one basket with trading?”
One year ago I told investors to buy Bell Equipment… What’s happened now?
One year ago, I told Red Hot Penny Shares investors to grab shares in Bell Equipment.I told investors that: “Bell Equipment released results for the year ended 30 June 2023 and the company had a smashing year!Revenue soared from R4.2 billion to R6 billion, with profit for the period jumping from R210 million to R348 million.”So what’s going on with the company – and where is it headed from here?
4 trading events to watch out for
There are always situations in the market or events that you cannot plan for and they can have a significant impact on your trades and trading.In this article we will go through four types of events and see what we can do to prepare you if they arise.Let’s start…
How to calculate the Value per Pip with Gold and the Nasdaq
Q. “Hi Timon.Is there a step-by-step guide on how to work out the value per price move (risk value) on Gold and the Nasdaq?I want to buy gold at $1,972 and sell it at $2,072.With the Nasdaq I want to buy it at 15,150 and sell it at 15,850.Do these markets have their own calculations and could you provide them?”
Thanks to America’s SEC and BTC Dominance Rate I expect a 34% rally for Bitcoin!
On 22 June 2023, I wrote my first Bitcoin prediction article to Trading Tips.At that time, the price broke above and out of a Falling Wedge (shaded pattern).I said it was the start of the next bull market in Bitcoin.And what a rally it has been.In fact, the price has risen to over $35,000 and is close to my target of $36,289.Now Bitcoin has surged over 14% in the last week. And it’s made its highest price point since May 2022.But I believe the rally has only just begun!In this article I’m going to explain why I expect the rally to continue to $46,200 and how we can profit from the rise.
Is there a supply crisis coming for this “green metal”
Right now, there’s trouble brewing for one of the world’s most important commodities…It’s not only crucial for global economies…But without it, there’s no green energy transition.A supply shock may heading its way, which could cause a price rally.
Three powerful risk management actions to take in sideways markets
“Timon, do you have any risk or money management rules you take, during this capitulation (consolidation) stage?I want to continue trading during the Twilight Zone, but I want to be more cautious with my trading.
The most difficult trading conditions I’ve witnessed in a long time – And how to prosper through it!
If you’ve been trading the JSE stocks for the last year, you’ll most likely agree with me, it has been darn difficult.You buy and go long, and you get stopped out.You go short and sell, and your stop loss hits.You’re most likely feel like giving it up.And you’re not alone.Let’s delve into what’s been happening and what we can do to improve our chances of trading success.
How the Palestine Israel conflict is driving the gold price
In May this year gold shot through the $2,000 level to $2,051. But shortly after the price cratered and by 5 October it hit $1820.Since then, the gold price has jumped again.In fact, gold is at its highest point in the past three months right now. It is up 8.5% currently circling $1,997…
What’s happened to Bitcoin?
You may be surprised to hear this but Bitcoin, the world’s largest cryptocurrency is crushing it in 2023…A recent chart by New York Digital Investment Group (NYDIG) revealed the biggest crypto by market cap – Bitcoin – is up by 63%.And that was before the recent Bitcoin surge past $35,000.As I write this, Bitcoin is up over 100% so far in 2023…
