Trading Ideas
Month: May 2021
Trading Ideas
Trading Ideas
Trading Ideas
Trading Ideas
Trading Ideas
Consumer Discretionary – Definition and Examples
Consumer discretionary is a term for goods and services that are non-essential products. For example, rice and wheat would be considered essential items. Meanwhile, cars and streaming services are non-essential products.
Consumers will only buy non-essential items when they have enough income left at the end of each month to afford those products. While consumers might want new clothes or durable goods, they will avoid buying them if they are unable to financially. These type of products and services are called consumer cyclicals or consumer discretionaries.
Consumer discretionaries are important because they show the strength of the economy. In total, consumer spending …read more […]
Trading Ideas
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Trading Ideas
How Does Compound Interest Work?
“Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” – Albert Einstein
This quote is one many investors know well. It succinctly sums up the power of compound interest and its potential. To understand it fully, you need to ask yourself: how does compound interest work?
While many people can explain the function of compounding, they’re lost when it comes to understanding exactly how wealth begets more wealth. Do you know the formula for compound interest? Are you familiar with the Rule of 72? Do you know how much your …read more […]
Trading Ideas
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Newsmakers
Novamind (OTC: NVMDF) Doubles in Size, Adds Four New Psychedelic Mental Health Clinics
New clinics represent the first phase of Novamind’s national expansion strategy TORONTO, ON / May 4, 2021 / Novamind Inc. (CSE:NM)(OTC PINK:NVMDF)(FSE:HN2) (“Novamind” or the “Company”), a leading mental health company specialized in psychedelic medicine, is pleased […]