There are so many experts and learned men and women that cover everything from Budget Basics to Investing in Derivatives. Just for kicks, a little information on Derivatives:
| Type | What it is | Main Use Case | Risk Level |
|---|---|---|---|
| Options | Right (but not obligation) to buy/sell at a set price | Speculation or hedging | High |
| Futures | Obligation to buy/sell at a future date | Hedging or speculation | High |
| Swaps | Agreement to exchange cash flows | Managing interest rates or currency risk | Medium-High |
| Forwards | Customized futures contract | OTC hedging | High |
Instead of rehashing what’s come before right now, my first goal is to give information that may not be well known, but I’ve learned or lived through personally.
So, my first area covers little-known things I’ve brushed up against and what I learned. Next, I have a section on budgeting for those who could use help getting started. Finally, I’ll share my ideas on Savings and Investing, and what I’m doing now.
I’m not RICH! But I have survived to 64 and have achieved a lot of goals — with more I’m still working on. I can’t give you advice, only what I know. I hope you find it helpful.
More detailed content coming soon…