LOM Financial (Bermuda) Limited

Image source: countrynavigator.com Globalization has paved the way to a limitless mobility of people from around the world to move and find refuge, be it for political or economic security, from their country of heritage to a foreign land. Diasporas have made some of the world’s biggest cities into huge cosmopolitan centers, serving as melting pots for a great diversity of cultures, backgrounds, and ways of life. Cities like New York, London, Dubai, and Hong Kong have a substantial percentage of  expatriates living and working within their boundaries. Although the motivations of such mobility may be personal , there are ways in which groups in diaspora unknowingly help their countries of origin, especially in terms of social and economic impact. This is because they maintain their connections to their homeland and in many instances, they preserve a legal identity as well as establish a socioeconomic presence in their country of origin. In turn, this type of migration h...

When people talk about investing, one of the things that they never fail to mention is how they should start young in setting aside money for the future. Although this advice has its merits,  analysts argue that while people in their 20s hold the prime age when it comes to investing, it doesn’t mean that older people don’t have a chance to redeem themselves and start saving up for their golden years. So does age really matter when it comes to investing?  Perhaps the question that we should be asking is: is age the single most important factor in investing? It’s always the best decision to start in your 20s and doing so can guarantee the highest possible compound interest growth because compared to their older counterparts, young investors have more time to accumulate money and reinvest their earnings without worrying much about the risks. However, age should not limit older people from getting started on their investment goals. For instance, people in thei...