Day: June 7, 2021

Wise transfer: The best way to save on currency conversion fees

Did you ever feel cheater after converting money??

Wise (Previously known as Transferwise) is a lightning-quick service that allows you to save enormously on currency conversion fees. The cost of transferring money abroad is much lower relative to traditional banks and foreign-exchange money brokers because they apply a (1) low transfer fee, and (2) the real mid-market exchange rate. The mid-market exchange rate is the …

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How much must be sold to break even or to realize a target profit?

While every company needs to know the answer to this question, the answer is even more vital for start-ups that do not have much margin for error. This is because the revenues will exactly equal the expenses at the breakeven point. In other words, the company does not incur a loss nor does it realize …

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How geographic arbitrage can help you reach Financial Independence Retire Early

Individuals should conduct their own due diligence and/or seek the advice of a qualified financial advisor to ensure their investment goals match with their risk appetite and risk tolerance. I am not a qualified financial advisor. This article reflects my personal opinions and is for educational purposes only.  Geographic arbitrage (in short: geoarbitrage) is a powerful …

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