Category Archives: Investments

Digital Assets and Death

Chances are you have a will and other paper documents that have been prepared in the event of your death. What you may not have is information on how family members can access your digital assets upon your death. It’s something that many never think to disclose. However, if family members don’t have access to this information, it can be difficult to follow the instructions in your will. Not only that, but family members may also have trouble accessing important files, such as family photos. The following explains the importance of giving access to digital assets to your family upon your death and how to do it.

Many people rely on online financial institutions for a number of services. You may have your IRA account, life insurance, and at least one bank account through an online company that doesn’t have physical offices. Without passwords, it can be impossible for family members to access this information. This means that it may be impossible for them to pay for a proper funeral or carry out your final wishes. If you work online, you may also have quite a bit of money in a PayPal account and have clients that need to be notified. All of which your family will need to know about.

It’s not only financial accounts that your family will want to access. Chances are you also have a number of family photos stored digitally. These photos should be passed down and cherished by your family, not be erased because no one knew they were on the hard drive.

There are actually a number of ways you can help your family access your digital assets. When it comes to passwords, you never want to have a file in your home that contains this information. However, what you can do is create a list of accounts and log-in information and put it in a safe deposit box at the bank. The key could then be placed with your will along with instructions on where the deposit box is located. You could also have a trusted family member keep the file. When it comes to family photos, you could also make a note in your will about their location.

Digital assets are often overlooked, but this can really hurt your family. If you want to make sure your family accesses all your accounts upon your death, you need to find a way to share this information. Whether you share your passwords before your death or leave clues on where to find the information in your will, you can make it easier for your family to move forward.

How to Spot a Fake: Gold, Silver, and Dealers

With prices of gold and silver on the rise, it’s important to remember basic strategies in spotting fakes to prevent getting swindled.  Even good dealers can mistakes, so it’s up to you, the receiving party, to verify the coin or bar’s authenticity.

Here is how to spot fake gold and silver.

Real Gold

The easiest (though not always the most accurate) way to tell real gold from fakes is by its color.  Gold has a dull golden sheen while those alloyed with copper and silver tend to have a reddish tint.

Gold is also surprisingly heavy.  It is in fact much heavier than silver, lead, and tungsten (which are some of the metals used in making counterfeits).  After gaining some experience, you’ll find that fake gold coins will often weigh as little as half the amount of real gold.

Just because a piece of gold looks right doesn’t mean it is pure gold.  Oftentimes, fakes will have a coating of gold to fool the buyer.  Because destructive methods in which you scratch the gold is undesirable, you may consider investing in a tool called a Fisch.  A Fisch has the standard coin shape, thickness, and diameter built into its plastic body and uses a simple balancing mechanism to see if there is enough weight within the physical parameters to be authentic gold.  It works on many types of coins, including American Eagle, Maple Leaf, and British Sovereign. Continue reading How to Spot a Fake: Gold, Silver, and Dealers

JP Morgan Chase Bank Review: Is Bigger Better?

JP Morgan Chase is a relatively new bank as two financial giants, JP Morgan and Chase Manhattan, merged. Even more recently JP Morgan Chase absorbed Bank One, Washington Mutual and other smaller banks.Does this make them bigger AND better?

Continue reading JP Morgan Chase Bank Review: Is Bigger Better?