When is the right time to buy and sell a car?
3000 euros! That's how much a repair of my 9-year-old Alhambra cost me. Was it worth repairing at all? Shouldn't I have rather sold it? What car and when should I buy it to make my purchase pay off financially? Read the third part of the series on car finance.
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Juraj Hrbatý: My Story of How I Founded Finax.
Why did I decide to start Finax? The story of why Finax’s profit is not my number one goal. The story of how we managed to earn more than 23 million euros for our clients.
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Finax has significantly strengthened its capital
The investment holding of the foundation, founded and financed by Ivan Chrenko, has increased its investment in Finax by another EUR 1,5 million, thus significantly strengthening Finax's capital. Finax also plans to use this investment to develop a ground-breaking personal finance management app, which is planned to be launched after the summer.
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Why is life insurance through Finax so advantageous?
We have prepared an example combining the new term life insurance with investing through Finax. For the comparison, we have used an average term life insurance available in Slovakia. You'll find out that for the same amount of money, you can have the same insurance cover and still have a decent amount of money left at the end of the plan.
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Dominik Hrbatý has earned 30% in 3 years at Finax
In order to show our services to our clients and potential clients, Domino has decided to make part of his investments public. How have his investments appreciated over the years (account balance as of 3.5.2021)?
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We are becoming more transparent - client assets in Finax have been verified by an auditor
Are you also angry when financial institutions withhold information from you or make it inaccessible? Since the foundation, Finax has opted for a different approach. And we are taking the transparency one step further.
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How do we calculate portfolio returns
Many clients consider portfolio return to be the most important piece of information. Finax is implementing the market standard for calculating the appreciation – the time-weighted return. This article describes how the return is calculated.
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Car depreciation - expense that is often overlooked
The decline in the value of a car due to its use or in other words depreciation, is the biggest expense associated with the car and is often overlooked. In this blog we will take a look at it. How does the car value decrease with its use?
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