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What is cryptocurrency? According to the Bermuda Virtual Currency Business Act 2018, virtual currency means a digital representation of value that: • is used as a medium of exchange, unit of account, or store of value; • is not fiat currency, whether...

The Bermuda Government’s initiative in formalising relationships within the digital currency world culminated last week with the tabling of the Companies and Limited Liability Company (Initial Coin Offering) Amendment Act 2018, along with the new Vir...

Dear Dave, When is it okay to have a little fun, and buy things you want, when you’re following the Baby Steps plan? — Kaitlin Dear Kaitlin, The time for a little fun is after you’ve completed the first three Baby Steps. Baby Step 1 is saving $1,000...

Today’s Moneywise explores a reader’s question about UK relocation concerns, and suggests possible actions. To protect the reader’s identity certain information has been revised or removed. Question: My spouse and I are planning to retire to our pro...

Dear Dave, My husband and I are just starting Baby Step one of your plan. Prior to this, we told my two nephews we would buy them laptop computers for college. They don’t get a lot of encouragement or support from their immediate family, so we try to...

The combination of a long bull market, high valuations, rising interest rates and increased volatility can make investors nervous about putting money to work in the market. But many of those sitting on cash missed out on huge gains in stocks. There a...

When I started out as a strategist more than 30 years ago, I had the arrogance of youth, a long-term investing horizon and less wealth to worry about. Those three qualities worked well then, but not so much now. I have the wealth to enable a comfort...

A number of United States investment market index milestones were reached in the last few months. According to TD Ameritrade — MarketWatch in early January, 2018 “retail investor exposure to stock markets is at an all-time high”. This participation ...

Dear Dave, I’ve started your personal finance course in high school, so I’m asking this for the entire class. What happens to your debt if you pass away with no relatives or heirs to take responsibility for what you owed? — Elizabeth Dear Elizabeth,...

How well did you do? Twenty-five test questions were provided in this column on March 3 and 10. I’m expecting to hear from readers that they aced the test, because you should know that I went easy on you all. No fractions, statistics, or algebra. ...

The return of volatility in the first quarter versus 2017 was our focus last week. Some interesting pushback followed the premise that prices seem to ignore news sometimes and at other times hang on every headline. My explanation: most people have th...

Dear Dave, How do you sell a vehicle with a lien amount that’s higher than the actual value of the car? — Michael Dear Michael, First, you need to find a way to cover the difference between the amount of the lien and what you can get for the car. Le...