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spencer

Enlightened Mentor
Ask spencer
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902 Questions
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  1. Asked: April 30, 2024In: Money & Business

    What kind of strategies are used by institutional investors

    spencer
    spencer Enlightened Mentor
    Added an answer on May 1, 2024 at 5:29 am

    One strategy that institutional investors use often is hedging, they have large sizes of orders in the market, so they don't usually just get in or out of the market, they mostly hedge their trades and get out at key levels in the market. They also have certain times they move their orders, like immRead more

    One strategy that institutional investors use often is hedging, they have large sizes of orders in the market, so they don’t usually just get in or out of the market, they mostly hedge their trades and get out at key levels in the market.

    They also have certain times they move their orders, like immediately the London market opens or when New York market opens.

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  2. Asked: April 23, 2024In: Money & Business

    Are you allowed to make changes to the rented apartment?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 1, 2024 at 5:24 am

    This depends solely on the agreement between the landlord and the tenant, some landlord do allow tenants to furnish the house to their taste, but mostly with a clause. While some let you furnish the house and extract the amount you spend from the rent when next you're due, if you're a tenant you'llRead more

    This depends solely on the agreement between the landlord and the tenant, some landlord do allow tenants to furnish the house to their taste, but mostly with a clause.

    While some let you furnish the house and extract the amount you spend from the rent when next you’re due, if you’re a tenant you’ll have to contact your landlord for more information about this.

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  3. Asked: April 27, 2024In: Money & Business

    What income options exist fore retiree?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 1, 2024 at 5:18 am

    Most retirees rely on pension to pay the bills, pension is basically half your paycheck when you're actively working, while most consider going back to the workforce and take up jobs as part time workers. Some brave retirees start a business, grow it and live off the profits, it's not easy for mostRead more

    Most retirees rely on pension to pay the bills, pension is basically half your paycheck when you’re actively working, while most consider going back to the workforce and take up jobs as part time workers.

    Some brave retirees start a business, grow it and live off the profits, it’s not easy for most without a tangible source of income, while some retirees combine a lot of side hustles to try to make money

     

     

     

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  4. Asked: April 28, 2024In: Money & Business

    What skills do you need to make your small business successful?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 1, 2024 at 5:12 am

    The best skill you need to succeed as a small business owner is attention to details, pay attention to what's going on in your business, do not ride it autopilot, especially expenses, know your numbers. By doing a good accounting, you'll be able to stay ahead of the curve in your small business andRead more

    The best skill you need to succeed as a small business owner is attention to details, pay attention to what’s going on in your business, do not ride it autopilot, especially expenses, know your numbers.

    By doing a good accounting, you’ll be able to stay ahead of the curve in your small business and grow your business steadily, you can also learn to explore different capital acquisition techniques it can help stabilize your small business.

     

     

     

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  5. Asked: April 28, 2024In: Money & Business

    Is it difficult to find an adequate employee now?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 1, 2024 at 5:05 am

    Yes, finding an employee that satisfy your business needs is a herculean task, most people don't have the experience required to deliver exceptional results, but as an employer you can actually fire if you don't like certain behavior and hire another one, I understand it might be a lot of work to doRead more

    Yes, finding an employee that satisfy your business needs is a herculean task, most people don’t have the experience required to deliver exceptional results, but as an employer you can actually fire if you don’t like certain behavior and hire another one, I understand it might be a lot of work to do, but it’s better than managing a sub standard employee.

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  6. Asked: April 30, 2024In: Money & Business

    how to save money to start a business?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 1, 2024 at 5:01 am

    You can save money by keeping a percentage of your paycheck every month, till it accumulate and become a reasonable figure, you can then use it to start a business, there are different ways to go about this though, you can get into a business through partnership without putting in your money. You caRead more

    You can save money by keeping a percentage of your paycheck every month, till it accumulate and become a reasonable figure, you can then use it to start a business, there are different ways to go about this though, you can get into a business through partnership without putting in your money.

    You can also go into business by your own capital, in partnership you don’t have to have the full amount it costs to start a business, so you don’t have to save much.

     

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  7. Asked: April 22, 2024In: Money & Business

    Which freelancing platforms offer best opportunity?

    spencer
    spencer Enlightened Mentor
    Added an answer on April 30, 2024 at 5:53 am

    I live in a Third world country, most platforms are not friendly at all, it's difficult to land clients and most clients have trust issues and doubt your competency because of where you're from, I've had no success using these platforms. But what I want to try out in the next couple of days is to acRead more

    I live in a Third world country, most platforms are not friendly at all, it’s difficult to land clients and most clients have trust issues and doubt your competency because of where you’re from, I’ve had no success using these platforms.

    But what I want to try out in the next couple of days is to actually start running facebook ads to try sell my web design services, I think it’ll be more effective than working on freelance platforms.

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  8. Asked: April 20, 2024In: Money & Business

    How to improve mental health as an online worker

    spencer
    spencer Enlightened Mentor
    Added an answer on April 30, 2024 at 5:49 am

    Very important topic that doesn't get talked about much, I think acceptance will help, and also you should work very hard to have your own thing(blog, online platform, forum, YouTube channel) going on, that's the only permanent solution IMO. You can try and diversify, making money through differentRead more

    Very important topic that doesn’t get talked about much, I think acceptance will help, and also you should work very hard to have your own thing(blog, online platform, forum, YouTube channel) going on, that’s the only permanent solution IMO.

    You can try and diversify, making money through different channels, uncertainty will still be lurking,I think we have to live with it as freelancers pending we get our own thing going.

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  9. Asked: April 19, 2024In: Money & Business

    Must I own a landed property for financial security?

    spencer
    spencer Enlightened Mentor
    Added an answer on April 30, 2024 at 5:44 am

    In a way, owning a landed property is one of the ways you can improve your financial foothold, especially if it's appreciating, that's free money coming to you and with time you can sell and reinvest or build and sell. Owning a landed property expands your choice tab and add to your overall networthRead more

    In a way, owning a landed property is one of the ways you can improve your financial foothold, especially if it’s appreciating, that’s free money coming to you and with time you can sell and reinvest or build and sell.

    Owning a landed property expands your choice tab and add to your overall networth, it’s a good decision to own a property, whether to resell or to build.

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  10. Asked: April 27, 2024In: Crypto & Forex

    How often do you have fomo feelings?

    spencer
    spencer Enlightened Mentor
    Added an answer on April 30, 2024 at 5:38 am

    This is very much real in the trading/investment niche, when an opportunity shows up, everyone will latch onto it and you feel like the world is passing you by if you don't participate, I think the antidote to all of that is to have a long term plan, it will help in keeping you grounded and any thouRead more

    This is very much real in the trading/investment niche, when an opportunity shows up, everyone will latch onto it and you feel like the world is passing you by if you don’t participate, I think the antidote to all of that is to have a long term plan, it will help in keeping you grounded and any thoughts of FOMO will dissipate.

    Also think through your decision don’t jump into an opportunity because everyone is doing it alone, have your own reasons.

     

     

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