You Snooze You Lose: Banker’s Power Nap Costs German Bank €222 Million

You Snooze You Lose: Banker’s Power Nap Costs German Bank €222 Million
 
Constantly burning your retinas staring at the computer screen and furiously typing out figures can be a boring, mundane task that can very easily put anyone to sleep. For a German banker, he succumbed to the drowsiness, and accidentally transferred a man €222,222,222.22 (SGD$373,672,888.89) when he dozed off on his keyboard.
 

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Understanding the Basics of Unit Trust Investing

Understanding_the_Basics_of_Unit_Trust_InvestingIn general, a unit trust, otherwise known as a mutual fund, is a collective pool of investments managed by a fund manager accordingly into the various asset classes and geographical regions, based on the specific investment objectives determined. An investor can also invest into a unit trust by buying into units of that particular trust itself.

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Growing Your Wealth through Investments

Growing_Your_Wealth_through_InvestmentsIn modern context, the fundamental basis to create wealth is to save prudently. Once you are doing so regularly, you will then move on to the next tier of wealth creation. In this case, you will need to start making important decisions about how to invest your money so as to achieve the eventual goal of wealth accumulation. Many questions have been posed with regard to how to do so effectively and efficiently. Here, I attempt to shed some light.

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4 Basic Steps to Saving

4_Steps_to_Saving
As fresh graduates, having earned money we could call our own and hence the freedom to spend at will, we often tend to overspend or what you would find familiar – indulging yourself after a hard day's work. Yes, we all know the benefits of saving up for a rainy day… but is money ever enough to have extra to stash away as savings, right? Saving is one of those things that are easier said than done. Nonetheless, here are some beginner steps to start saving.

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7 Rules of Thumb to Financial Planning

7_rules_of_thumb_to_financial_planning
My interactions with most people suggested that most of them have not got enough financial muscles for everything they wish to have. In other words, the more resources you have, the bigger your plans and sadly to say, you tend to feel that money is not enough. However, regardless of the strength of your financial muscles, it is of vital importance for you to plan and practice due diligence in the management of your finances. The following are 7 Rules of Thumb to achieve financial freedom:

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