Saturday, October 24

Tag: investment

Advantages and Disadvantages of Bitcoins
Finance and Business, Technology

Advantages and Disadvantages of Bitcoins

Bitcoins have become a popular mode of currency transaction over the years. The article looks at the advantages as well as the disadvantages of bitcoins. WHAT IS CRYPTOCURRENCY? Cryptocurrency is a type of virtual or digital currency with no regulating authority per se. It works within a decentralised system where transactions are recorded and managed. The main reason cryptocurrency has gained popularity is because it helps in preventing counterfeiting and fraud schemes. A computerized database stores the transaction records safely. No physical money gets exchanged in the process. WHAT ARE BITCOINS? Bitcoins are a type of cryptocurrency invented in 2008 and released as an open-source software. It is the first decentralised digital currency. They are digital or virtual coins that you ca...
Advantages and Disadvantages of a Corporation
Business

Advantages and Disadvantages of a Corporation

When you decide to start your own business, it can be pretty daunting to zero in on what it should look and function like. This article will specifically deal with what a corporation is as well as its pros and cons. So let us have a look. WHAT IS IT? In dictionary terms, a corporation is an association or a body formed and authorized by law to act as a single person although constituted by one or more persons and legally endowed with various rights and duties including the capacity of succession. In simple terms, it is a type of business organization that is separate and distinct from its owners. And it differs from other types of business organizations like, for instance, a partnership or a sole proprietorship in its characteristics. Depending on these characteristics, corporations c...
Advantages and Disadvantages of Being an Entrepreneur
Business

Advantages and Disadvantages of Being an Entrepreneur

Running your own company or business seems like an exciting career opportunity for many. Though it seems like a highly exciting prospect, it is equally challenging. Have you ever wondered about what it would be like to become a successful entrepreneur? This article delves into the benefits as well as the challenges of being an entrepreneur and everything that it encompasses. THE CONCEPT OF ENTREPRENEURSHIP Entrepreneurship is the ability or skill in starting new businesses, especially new opportunities. The important factor that sets entrepreneurship in motion is the ability to create not only something new but something of value as well. Now what is valuable is subjective and open to interpretation. Because most times, the value addition may not be entirely in terms of capital or profit...
Advantages and Disadvantages of an Annuity
Finance and Business

Advantages and Disadvantages of an Annuity

We make sound investments to achieve our financial goals depending on our needs and ambitions. There are different types of investments where one can invest directly or indirectly. These include bonds, mutual funds, stocks, cash equivalent investments, etc. An annuity is one type of tax-deferred investment option available. So this article delves into the characteristics of an annuity, how it works, and its pros and cons. WHAT IS AN ANNUITY? An annuity is a series of payments or a fixed sum of money paid periodically at equal intervals. It is a long-term contract between a customer and their insurance company where they either pay a lump sum of money or periodic payments. And in return for this, you receive regular disbursement immediately or over a period of time. In other words, this i...
Advantages and Disadvantages of Life Insurance
Health

Advantages and Disadvantages of Life Insurance

There are some things in life that humans have control over. They cannot stop certain events from happening. But, they can take some precautions to make sure these events don’t happen. Even then, if these events start to happen, there is nothing that can be done to stop them. In situations like these, the most obvious choice would be to minimize the damage. These events can also lead to huge financial losses, which is where insurance comes in. One type of insurance is life insurance. So here are its own advantages and disadvantages. WHAT IS INSURANCE? It can be termed as a form of risk management. Insurance is a contract that works as a means of protection from financial loss. It is represented by a policy, in which an individual or entity receives financial protection or reimbursement a...