LCH
An economic theory that explains the spending and saving habits of people over a lifetime. The Life-Cycle Hypothesis (LCH) model was developed by Franco Modigliani and his student Richard Brumberg. The concept assumes every individual base his or her consumption on a constant percentage of his or her expected life income. Their expenses varies as a person may make purchases such as buying a new home, starting his or her own family, and beginning a professional career. It also concludes young individuals are borrowing in their future income while aging and retired individuals use their savings for their expenses.
POPULAR TERMS
Bank Card
Any card given against a depositary account, such as a debit card or ATM card. There are instances that the phrase is also employed to refer to Mas ...
Living Will
A legal document that specifies what an individual (principal) does or does not want should he or she becomes terminally ill or in ...
IRS Publication 926
A document that gives information for individuals who has a household employee. Published by the Internal Revenue Services (IRS), this includes mai ...
Tax Fairness
Tax platform based on the concept of creating a balanced, clear, and equitable tax system. In general, it seeks to limit the amount of tax legislat ...
Financial Crisis
It occurs when the value of financial institutions or assets drops quickly. Investors sell off assets or withdraw money in fear that those assets&r ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Principles of Trading: Record Keeping and Taxation
It is imperative for every trader to maintain a precise, organized, and latest trading-related records. Hence, traders should keep both hard and di ...
An Introduction to Student Loans
A college education is one of the most essential investment in a person’s life. Unfortunately, in this time and age, it has also become one o ...
Student Loans: Loan Repayment
Students, soon after your graduation, you need to enter the repayment phase. In other words, you have to start paying off your student loans. This ...
An Introduction to Ethical Investing
Ethical investing is, simply put, investing while taking into consideration your personal beliefs or your ethics. Because it is personal, it means ...
Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
