Grow your money with smart saving habits and investment strategies. From emergency funds and high-yield savings accounts to stock market basics and long-term investing, this section helps you build wealth step by step.
Building wealth isn’t just something rich people do. And those who are wealthy don’t always stay that way. We’ve all heard of the countless millionaire celebrities who’ve filed for bankrupcty. A Bankrate.com article tells the woes of lottery jackpot winners who are back to broke after a couple of years. Some may wonder, “How can … Read more
CDs are a low-risk investment that offers a slightly better return on your deposit than a traditional savings account. CDs are protected from loss, up to $100,000, as long as the issuing financial institution is a bank insured by the Federal Deposit Insurance Corporation (FDIC), or a credit union insured by the National Credit Union … Read more
An emergency fund helps to get you through…an emergency. According to a Bankrate.com poll, only 4 in 10 Americans have an adequate emergency fund to fall back on. With three to six months of living expenses being the recommended savings, it’s easy to see why. Putting away enough money in an emergency fund can take … Read more
The size of your emergency fund depends on your personal situation. Just as there’s a lot of conflicting advice on many money issues, there are different recommendations on how much to save in your emergency fund depending on who you get the advice from. Though the commonly accepted advice states you should save three to … Read more
The recent volatility in the stock market has given investors a scary ride; there’s no doubt about that. But does it provide investors with an opportunity to get in on some stocks at cheap prices, so they can sell at a higher price later? That’s the basic rule of investing; buy low and sell high. … Read more
There are thousands of mutual funds to choose from, with different investment styles, risk factors, and expenses. How do you choose the one that’s right for you? There’s no one size fits all with investing, that’s why we have so many choices. Choosing a mutual fund is similar to buying a vehicle; you need to … Read more
What is a bond? We’re all familiar with debt; many of us have taken out a loan to buy something that we want to pay for later. We borrow the money, and promise to pay back the amount of the loan, plus interest. We agree to a specific interest rate and agree to pay on … Read more
Stockholders Share in the Profits and the Losses Stocks are the smallest unit of ownership in a company. The more shares of stock you have, the more ownership you have in the company. Companies issue stock as a way to raise money for improvements or expansion. If they took out a loan, it would have … Read more
Before making any investment, consider the fees and expenses that will take a cut out of your profits. Some mutual fund fees are completely avoidable, and some fees are necessary. Some types of mutual funds will require higher fees and maintenance costs than others; it’s important to compare similar funds with the same objectives from … Read more
Mutual funds are the investment of choice for many people; they allow an investor to minimize financial risk by spreading money among many different stocks and bonds, without the research and market knowledge required for such a diversified portfolio. By diversifying their investments, they are able to invest in the stock market without taking the … Read more
