If you think investing in mutual funds is hard to do, you’re not alone. It’s a common misconception that mutual funds are tough to understand. Or to start investing in one you need a whole bunch of money. The reality is that mutual funds are one of the easiest ways to start investing. This […]
Robo-advisors and automated investing platforms are becoming one of the most popular ways to start investing. It’s estimated that there are currently over 100 robo-advisor and automated investing platforms operating in the United States. If you’re new to investing and finding all the terminology a bit confusing you’re not alone. You may find yourself […]
I opened my first online brokerage account over 10 years ago. It was through my local bank. They were offering 100 free trades a year if I linked my checking account with their brokerage services. I had always wanted to open a brokerage account online, so I took advantage of the opportunity. I hadn’t […]
If you’re looking for a simple way to track your investments, Yahoo Finance provides an easy way to set up your own investment portfolio. In this short video, I will show you how to track stocks and mutual funds using Yahoo Finance. Why Create an Investment Portfolio? In general, there […]
There are a number of ways to invest and make money in real estate. For example, you could: Buy a home and rent it out as a vacation property. For instance, as a way of generating passive income. Purchase a house or apartment complex and rent it out for residential living. Acquire a foreclosure […]
Certificates of Deposit or CD’s are offered by most financial institutions (banks, credit unions…) as a product to provide you with interest rates that are generally higher than a traditional savings account. Unlike a savings account where you can move money in and out of the account, CD’s will require you to commit to […]
What is an Exchange-Traded Fund (ETF)? ETF is an acronym for Exchange-Traded Fund and is another type of investment vehicle or security. ETFs were created in the early ’90s as a means of providing investors with the ability to purchase a set of “pooled” investment resources – like stocks and bonds. In […]
If you’re interested in trading stocks and earning dividends. Then it’s important you understand what DRIP means in relationship to stocks. DRIP is an acronym for Dividend Reinvestment Plan. DRIP is a plan offered by some corporations that allow shareholders of their stock to reinvest the dividends earned into purchasing […]
.. A target date fund is a mutual fund that has been created with the specific goal of providing an investment portfolio. The portfolio is based on how long you have until retirement. Target date funds typically contain an assortment of stocks and fixed income securities, like bonds. These types of funds use a […]
Who is Morningstar? Morningstar is a highly respected independent research firm based out of Chicago, Illinois. The company was founded in 1984. Morningstar provides a host of investment products and services available for both novice and experienced investors. Their Morningstar rating scale is a popular method for evaluating mutual funds. […]
Do you know what a dividend is? A dividend is a distribution of a company’s profits to shareholders of their stock. Dividend payments are a means of rewarding investors for their ownership in the company. If you own shares of ABC Company stock and ABC Company makes a profit the […]
If you loan your cousin Gertrude $10 on January 1st and told her she would have to pay you back $11 on December 31st you might call this loan an IOU. That’s what a bond is, an IOU. Bonds are sold by corporations, municipalities and the U.S. government as a means of […]
If you are starting to think about retirement you may be asking yourself, what is an IRA? Individual Retirement Accounts or IRAs are another form of retirement vehicle established under the IRS tax codes. There are a number of different IRAs but the two most common are the Traditional IRA and Roth IRA. Unlike […]
What is a Money Market Account? Money Market accounts (MMA) should be viewed as a hybrid between checking and savings accounts. Most banks and credit unions will provide a number of different account options. The key points surrounding MMAs are. Requires a larger minimum balance to open and keep open […]
man-y ˈmenē/ a large number of. synonyms: numerous, a great/good deal of, a lot of, plenty of, countless, innumerable, scores of, crowds of, droves of, an army of, a horde of, a multitude of, a multiplicity of, multitudinous, multiple “Many” is one way of describing the number of terms, lingo, and definitions associated with the […]
