Financial Coach – The Key to Your Savings
Coach is a tool that helps you identify areas where you spend your money more than is necessary. Furthermore, it knows how to analyze the current trajectory of your wealth’s development, thus keeping your financial situation in good condition. That's why the Finax app presents a unique combination of a robo-advisory and wealth-management solution.
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How I Teach My Kids to Be Entrepreneurs
In the spring of 2011, I planted a cherry tree in the backyard of my freshly built home, since it bears my favorite fruit, cherries. In June of the same year, my first son was born. Today, after 13 years, I’ve used the cherries to teach entrepreneurship to my two kids. It was one of the best parent-to-children experiences I’ve ever had.
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What Is Inflation
Inflation is a term that has been frequently mentioned in the news for the last few years. But do you know what causes inflation to accelerate or slow down and how to deal with it? In this blog, you will learn everything you need to know about inflation and how to protect yourself from its negative effects.
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How to Keep Your Head During Market Downturns When Everyone Around You Is Losing It?
I'm sure you know the feeling. The financial markets have started to decline, and you’ve invested in them. What you knew was an integral part of investing, but hadn't yet experienced yourself, suddenly happens – your portfolio abruptly starts losing value or declines by tens of percentage points. The media is full of catastrophic predictions, and social networks are buzzing with the desperation of speculators who didn't get out of the market in time. However, you may also be on the "other" side and, after months of hesitation, wondering if it is finally time to get in and start investing. But how to do it without getting burned?
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Decoding ETFs: A Beginner's Guide
As you know, you are going to be exposed to one particular investment tool on our platforms, the ETFs. But are you familiar with what they are? In this blog, we'll dive into the intricate world of ETFs, demystifying their structure, functioning, and how they can be powerful tools for investors. Whether you're a seasoned trader or new to investing, understanding ETFs is essential to building a robust portfolio.
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Investing on Top: Seizing Opportunities or Seeking Shelter?
Times when markets are at the top or bottom are always fertile ground for various conspiracy theories and bold interpretations. The primary objective of an experienced investor is to buy low and sell high. While this strategy may appear straightforward at first glance, the process is much more complex and requires careful thought. Let's examine what the data indicate, enabling you to make more informed decisions on your own investment journey.
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Teaching Children Good Money Habits
Learning healthy money habits at an early age has deep-rooted benefits for your children's future financial success. In addition to helping them understand the concept of money, these habits form the foundation for responsible financial decision-making in the future. In this blog, we will explore how you can instill money management values in your children, with in-depth consideration and practical examples.
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Finax brings solutions that savers could only dream of
Finax was created to make efficient investing accessible to the masses, even if they have not yet built up a large fortune. We have brought to Slovakia a number of innovations that small investors could only dream of in the past.
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