Retirement is the perfect time to get away and take the incredible vacations you were never able to take during your career. Planning those trips can be frustrating, though, when trying to coordinate flights, hotels, rental cars, and various activities to do once you are there. Luckily, there are plenty of travel websites these days designed specifically for helping you plan every aspect of your trip with ease. If you plan to travel abroad, look into which Medicare supplement plans might cover you while you travel.
Hotel Comparison Sites
Sites like hotels.com and booking.com are great resources to utilize when you know what destination you want to go to and what dates you want to be there. Rather than looking up every specific hotel brand’s website for hotel room rates, availability, and locations, these comparison sites will show you all of the different hotel brands’ locations and rates for the dates you choose. They also show pictures and reviews from people who have stayed at each one so you can get a good idea of the quality of the hotel and if you want to stay there.
Travel Comparison Sites
Much like hotel comparison sites, there are other websites such as travelocity.com, priceline.com, tripadvisor.com, and trivago.com that will compare hotel rooms and rates for you, but you can also do the same comparisons for flights and rental cars for your trip if you need those. This puts every aspect together in one easy and convenient location for you to plan your entire trip out. TripAdvisor is also great for reviews and recommendations on sightseeing, attractions, things to do, and places to eat. It’s all customer submitted information that you can research and plan the perfect trip.
Google may seem like an obvious place to begin your search, but you might not realize that Google has a great feature that allows you to see which dates your flights might be cheaper if your trip dates are flexible. Simply search for flights on the dates you would prefer to go, and use the calendar function to see exactly what the prices for those same flights are for every day that month. This is an extremely convenient feature for trying to nail down the cheapest flights if your travel schedule is somewhat flexible. Don’t fall victim to the airlines’ always random rate changes and get gouged for waiting until the last minute to buy tickets.
Investing your money during retirement can be a tricky concept if you don’t know what you are doing, or have not had a lot of experience with investing throughout your life. If you are interested in learning, however, it can be a very good way to earn a little extra money throughout retirement. Most investments these days are as simple to make as having an internet connection. Your web browser can be used for more than just researching Medicare supplement plans.
It’s important to make sure your investment portfolio is built on a solid foundation. Quality assets to invest in are the ones with higher returns relative to their risks, and understanding which stocks provide that takes a lot of skill. It’s important to understand what value your investment is going to give you as well. Just because a stock price is extremely high doesn’t mean it’s going to be of any value to you. If it remains high for a long period of time, but never actually increases in value by any significant amount, what was the point of tying up all of that money for the expensive stock all of that time?
The other important principle to remember when it comes to investing is diversity. Diversity means investing your money in different types of assets, rather than putting all of your eggs in one basket. This could mean not just investing in stocks, but also mutual funds, bonds, insurance, or commodities. Or it could mean not just investing everything into one sector, like food, but also technology, automotive, or pharmaceutical. Diversifying is essentially hedging your bets in one area with another, to make sure if one bet you made ended up being bad that you wouldn’t lose all of your money.
Finally, keep in mind that investing takes time. Don’t panic if a stock you bought goes down for a period of time, chances are it’ll go up. The point of investing is to buy low and sell high. Many people buy a stock and when it goes down a bit they get scared and sell it. That’s actually buying high and selling low, the exact opposite of what you’re supposed to do. Be patient and give the stock time to recover. If it never does end up recovering, then it was just a bad bet from the beginning and hopefully you were smart enough to hedge your bets by diversifying. No single investment should ever make or break you.
Making a little extra money on the side can be very convenient during retirement, and it has never been easier than it is today. All you need is an internet connection and some free time. Your web browser can be used for more than just researching Medicare supplement plans.
Websites like Craigslist.com and Ebay.com are extremely easy to use web platforms that allow buyers and sellers to connect in one central location to make sales happen. All you need to do is create a free account with a username and you can join the website. As a buyer, you’re able to search for products you want by name or category. As a seller, you are able to create listings for different products you would like to sell and upload pictures and descriptions of your products to try to entice potential buyers to make a purchase.
If you have a bunch of items laying around the house you no longer need or use, and they are in relatively good condition, try your hand at selling them online. Once you create your listings for your products, there is no other work to be done to sell your items. People will find your products and if the price is right they will purchase. If you are finding that your products aren’t selling like you thought they would, it may be a good idea to lower your prices a little bit to see if that entices people to buy. You can also pay a little bit of money to promote your listing, like an advertisement, to ensure people are actually seeing it.
If you don’t have any items laying around that you want to sell, don’t worry. A great way to get items to sell is to find really cheap deals on other platforms like Facebook marketplace, or even go to a flea market or a yard sale yourself. If you live in an apartment building, perhaps people moving out have nice items that they are getting rid of for free because they don’t want to take it with them. Continue to collect or buy items as you find them and try to sell them for a profit on the other online platforms that you are on. If you have enough time on your hand, this can really be a great way to earn money, and could even be a fun and rewarding experience for you as well.
If you want to continue to invest your money throughout retirement, but want to be a little more involved in it than just buying shares one day and hoping they go up, consider Forex trading. Forex is foreign exchange trading, or trading the currency values of different countries. This is done by comparing two counties’ currencies against each other, such as the Canadian Dollar vs. the American Dollar, and it is all done online. Your web browser can be used for more than just researching Medicare supplement plans.
You may not know this, but the Forex market is the largest market in the world. Unlike buying and selling stocks in hopes of earning a profit from your timing of it, Forex is typically done in trades where the selling takes place within minutes or hours of the buying. The value of a currency in comparison to another is constantly changing, sometimes only slightly, but sometimes by a lot. Forex traders take advantage of these swings in value to bet that the value of one currency will either go up or down, and then they sell it back once they are satisfied with the amount of change that took place. If they were wrong about their bet, they might sell it back at a specified point below where they bought it in order to stop their losses.
Since changes in currency values are typically by the fractions of a currency’s lowest denomination (think .01 pennies), the gains from making these bets alone would not be significant enough to make the trading worthwhile. Instead, traders use what’s known as “leverage” when making their trades in order to maximize the profits they are able to make from them. Leverage is the act of borrowing money from the brokers that carry out the actual trades to make the amount of money that’s bet some order of magnitude larger in order to make the most amount of money from the trade possible. Once the money is realized, the original loan amount is returned to the broker, and the trader is able to keep the rest of the profits.
Although it does require lots of time and research to fully understand how to be successful in Forex trading, trading itself does not need to involve much time at all after that. Many traders make only one or a few trades each day, or even each month. As long as you’re able to maximize your profits on one or a few big trades, you may not need to trade any more often than that.
We all know it’s a great idea to invest your money even during retirement, but how do you know which investments are the best ones and which ones are right for you? You may have heard about Cryptocurrency, the latest craze in investing, but you likely don’t know much about it. It’s still very new and it’s so technologically advanced that it can seem complicated to understand. Here’s more info to help you get a grasp on this new investment trend and determine if it’s right for you.
Enroll or get a quote at https://www.medisupps.com/ for a 2019 supplement plan. Rather than using your web browser for researching Medicare supplement plans, take a deeper dive into digital currency. You have probably heard the name Bitcoin or Etherium by now. The concept of it isn’t all that different from how most of your fiat money is exchanged today when you use your debit or credit card, or buy anything online. It’s transferred digitally from one person to another over the internet, typically via ACH transfer. No physical money is exchanging hands, it’s essentially just reducing digits from your bank account and increasing someone else’s by the same amount. In that way, digital currency is nothing new at all.
What makes cryptocurrency different is that each digital transaction is also encrypted using a technology called the blockchain. The blockchain makes every transaction completely anonymous and decentralized, meaning no central bank is dictating how the transaction happens, when it happens, or if it can happen. Instead, each transaction is scrutinized by the community of blockchain users to determine if it is legitimate. Once it’s confirmed, the transaction goes through and a permanent record of the transaction is created that can never be erased. If the transaction was a mistake and needs to be reversed, the original transaction’s permanent record isn’t erased, rather a new transaction record is created showing that the transaction needed to be reversed. This is the blockchain.
This intensely secure method keeps the entire system accountable to itself for every transaction that occurs. It’s thought to be the best way to transact value for the future because no single entity can ever control the currency like each country’s fiat currency has a kind of central bank. Since the currency is not tied to any physical representation of value, like gold and paper money is for fiat currency, the value of the cryptocurrency is based entirely on the people who hold the currency’s faith in it.