Money management is used in Investment management and deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely what percentage or what part of the decision maker's wealth should be put into risk in order to maximize the decision maker's utility function.
Money management gives practical advice among others for gambling and for stock trading as well.
Money management can mean gaining greater control over outgoings and incomings, both in personal and business perspective. Greater money management can be achieved by establishing budgets and analysing costs and income etc.
5 comments:
Very True money management is quite significant or else we can easily land up in a mess especially when dealing in investments.
Investment is very difficult matter for any investor. A nice money management makes it simple and safe.
money management is a strategic technique employed at making money yield the highest of interest-yielding value for any amount of it spent. So a nice money management keeps your future safe.
money management is a greater thing by which one can free from risks to be taken a nice management can change your life...
Management in any things will secure for a while.
But money management will secure his/her whole life
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