Tag: fortune

  • Who Is The Richest Person That Ever Lived?

    Who Is The Richest Person That Ever Lived?

    the richest person ever lived
    It is always an intriguing question. Here is what Traders-Paradise found.

    By Gorica Gligorijevic

    Some of you may think that Bill Gates is the richest person ever lived. Well, he is one of the richest today with $77.8 billion. Also, there was much fanfare when Amazon boss Jeff Bezos was marked as the wealthiest person ever lived with his $105.1 billion fortune. But it is a small part of what some other man held.
    That title is assumed to go to Mansa Musa. Who is Mansa Musa? 

    He was a West African ruler with wealth valued at $400 billion. This isn’t a fairytale and you will see why.  

    “Contemporary accounts of Musa’s wealth are so breathless that it’s almost impossible to get a sense of just how wealthy and powerful he truly was,” Rudolph Butch Ware, associate professor of history at the University of California, said the BBC.

    And Jacob Davidson wrote about the African king for Money.com in 2015  Musa was “richer than anyone could describe”.

    Do you know who were the greatest stock traders of all time

    Why Mansa Musa is the richest person that ever lived?

    His wealth is estimated at $400bn, but historians admit that his wealth is difficult to pin down to a number. That’s how huge it was.

    Mansa Musa was born in 1280 in a family of rulers.  His brother, Mansa Abu-Bakr, ruled the empire until 1312 when he abdicated and went on an expedition with a fleet of 2,000 ships and never returned.

    Mansa Musa inherited the kingdom of Mali. He was an impressive ruler. 

    The kingdom of Mali was from the Atlantic Ocean to Niger, with parts of Senegal, Ivory Coast, Mauritania, Mali, Niger, the Gambia, Guinea-Bissau, Burkina Faso, Guinea covering almost 2,000 miles. That large landmass gave great resources, for example, gold and salt.

    According to the British Museum, under Mansa Musa ruling, Mali possessed almost half of the Old World’s gold. And everything belonged to the king.

    “As the ruler, Mansa Musa had almost unlimited access to the most highly valued source of wealth in the medieval world,” said Kathleen Bickford Berzock, who specializes in African art at the Block Museum of Art at Northwestern University, to the BBC.

    “Major trading centers that traded in gold and other goods were also in his territory, and he garnered wealth from this trade,” she figured.

    The empire of Mali had so much gold that Musa was the world’s greatest gold producer and seller. 

    Who was Mansa Musa?

    To meet one of the five pillars of Islam, Mansa Musa made a pilgrimage to Mecca. This adventure cost huge amounts of cash. This “Lord of the Mines of Wangara” had to travel stylish and luxurious. The 60,000 big caravans had 1,000 helpers, 100 camels with gold packages, countless musicians for Musa to enjoy, and more than 500 slaves.

    Mansa Musa came back from Mecca bringing several Islamic teachers. Among them were direct descendants of the prophet Muhammad, for example, and an Andalusian poet and architect, Abu Es Haq es Saheli, who designed the famous Djinguereber mosque. Musa allegedly paid the poet 200 kg in gold. Counted today, it is about $8.2 million.

    Besides his legacy, Musa’s property is estimated to be worth an inconceivable amount, to around $400 billion. According to Time magazine: “There’s really no way to put an accurate number on his wealth.” 

    Some believe that Mansa Musa’s unbelievable fortune may have been somewhat overstated. Nevermind, he is still the richest person that ever lived.

    Don’t tell to the Rothschild Family.

  • Mutual funds are an opportunity to make wealth

    Mutual funds are an opportunity to make wealth

    3 min read

    Mutual funds are an opportunity to make wealth 1

    What are the benefits of mutual funds? How much do they cost? Which funds are right for you? What should you consider before investing?

    These are just a few of the questions we’ll answer here.

    Mutual funds are not bank deposits and are not guaranteed by any government agency.

    They involve risks, including the potential loss of some or all of your investment. Past performance is not a solid sign of future performance.

    However, it can help you evaluate a fund’s volatility and how it operates in various market circumstances.

    WHY INVEST IN MUTUAL FUNDS?

    Mutual funds are an opportunity to make wealth

    Advantages

    As an example, more than 100 million Americans use mutual funds to invest in their long-term goals. Here are some of the benefits they offer:

    Professional management

    When you invest in a mutual fund, your money is managed by full-time professionals. They research and select investments that are appropriate for the goals of each fund, and monitor the fund’s performance so they can change the portfolio when needed.

    Diversification

    Buying shares in a mutual fund make it comfortable for you to spread your investment over many different companies and industries. This may help to protect your assets over market volatility. Nevertheless, diversification doesn’t ensure a profit or defend against a loss.

    Choice

    Mutual funds give you a wide variety of choices to help meet your financial goals. You can invest for different objectives, at different levels of risk and in different kinds of securities.

    Affordability

    Mutual funds allow you to invest with a nearly small amount of money. Without a fund, it would usually demand a much considerable investment to build such a diversified portfolio.

    Liquidity

    You can ordinarily sell your shares at any moment and for any cause. Anyway, there may be exceptional moments when fund purchases are limited because of some extreme market requirements.

    Automatic Reinvestment

    Mutual funds give you the choice of reinvesting your yields and capital gains in new shares of the fund, without being indebted a sales charge.

    A mutual fund is when a group of investors gives money to managers to invest in diversified securities. It can be stocks and bonds, for example. Because it’s group, every part-owner as the investor is, profits and loses an equivalent piece. The costs of the mutual fund are divided according to the cost proportion. And, because the funds are diversified among stocks or bonds and other securities, they are regularly lower risk than individual stocks or bonds.

    To some investors, choosing individual securities to invest in and guide can be a risky task.

    Access mutual funds. With benefits like added assurance and lower risk, mutual funds are one of the best investment opportunities to enter the market. But before you take your place into the group funds, you need to know the tricks.

    Mutual funds are under the control of money managers.

    What is Mutual Fund Investment? 5

    They create portfolios for investment with a pool of money. Often, they have different kinds of investment goals. Some managers, like fixed-income managers, focus on generating low-risk, high pay-off investments for their funds, while long-term growth managers try to beat the Nasdaq or S&P 500 during the fiscal year.

    Shares in a mutual fund are typically bought at the fund’s current net asset value (NAV, or sometimes NAVPS) per share. This figure is determined by dividing the total value of all the securities in the fund by the number of outstanding shares.

    Mutual funds are actually investments like buying stock in companies.

    Investors purchase shares into the mutual fund. That, in turn, provides them a right to the fund’s assets. Hence, the value of the mutual fund represents the value of its portfolio.

    Let’s say you invest in a mutual fund. Well, not you but a manager will invest the public funds added to the fund. A manager will invest them in several securities, for example in stocks and bonds.

    The manager is ordinarily selected by a board of directors and is frequently an owner of the part in the fund.

    Such a fund manager will pick analysts to help in making investment decisions. Majority of funds will engage some accountant who’s task is to measure the net asset value of the fund every day. That will define the price of the share in the fund.

    Most mutual funds also have compliance officers who keep up-to-date on regulations.

    When investors purchase into a mutual fund, their money is managed by the fund manager. Such professionalist invests that money in different assets with specific intentions for risk and returns in judgment: like long-term increase or fixed-profit.

    Some funds may be more dangerous than others, that’s true. But usually, the composition of a mutual fund manages risks well-known low.

    Mutual funds only trade once daily and are often part of a 401(k) or an individual retirement account, IRA.

    The biggest benefit of mutual funds is, they are handled by someone other than the individual investor. You just have to put the hard decisions in an expert’s hands. The fund manager is more prepared for reasonably allocating our funds than we could do it by ourselves.

    The mutual funds regularly submit several portfolios with a group supply of money. So the personal risk to all investors is lessened. So we can say that mutual funds are honestly low-risk and high-reward.

    But, mutual funds include some fees in the kind of annual fees and stockholder fees.

    Annual running fees usually are 1%-3% of the annual funds under control. The stockholder fees are in line with the commissions paid by when buy or sell funds.

    Besides that, an obvious lack of mutual funds is that you don’t have constant control of stocks you’re investing in. Hence, for some traders, this may produce some difficulty, particularly if your fund begins dropping.

    Don’t waste your money!

    risk disclosure