When is the right time to buy and sell a car?
3000 euros! That's how much a repair of my 9-year-old Alhambra cost me. Was it worth repairing at all? Shouldn't I have rather sold it? What car and when should I buy it to make my purchase pay off financially? Read the third part of the series on car finance.
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10 cases when you should not leave your savings lie in the bank
Did you know that the ECB deposit rate is at its highest level since the euro was created? The current market environment offers a wealth of opportunities to capitalise on short-term savings with minimal risk. Unfortunately, attractive market yields will elude the 27 billion that Slovaks hold in current accounts. Does this statistic happen to apply to your money as well?
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Women, let's invest!
Finances, capital markets, investments. Not long ago, these topics were wrongly attributed exclusively to men. Today we will show you why this stereotype should be forgotten as soon as possible and prove that long-term investing is a woman's domain.
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During the pandemic we spent less and invested more
According to the research of Finax and Prof. Krzysztof Waliszewski, during the pandemic 32,5% of respondents from Central European countries noted an increase in incomes and a half did not notice any significant changes in their financial situation. Therefore, the conclusions of the study are not surprising: you spend much less and invest more. Cool!
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Plug your ears and watch out for Scylla and Charybdis!
Odysseus faced many pitfalls when returning from Troy. One of them was a strait with the monsters Scylla and Charybdis. The challenges that the mythological hero faced illustrate the temptations that accompany the investor and his investment strategy on his journey towards the investment goal.
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Top 9 Questions Frequently Asked by Finax Clients
This blog provides answers to the frequently asked questions of our clients. It will help you navigate the Finax platform, take full advantage of its features, and understand our investment process, getting the most out of your investments and Finax services.
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Car depreciation - expense that is often overlooked
The decline in the value of a car due to its use or in other words depreciation, is the biggest expense associated with the car and is often overlooked. In this blog we will take a look at it. How does the car value decrease with its use?
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Book Review: The Millionaire Next Door
Have you ever thought about how the regular people become millionaires? The authors of the book The Millionaire Next Door, William D. Danko and Thomas J. Stanley, spent years analyzing the behavior of American millionaires. This book will show you the way to become a millionaire yourself.
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