Most people spend $100 per month (or more) for cable TV or streaming services, their cellphone service, gas, coffee to go, or any number of things without thinking about it. Some people even spend money on subscriptions they’ve forgotten they had. I recently realized I was paying way…
What is net asset value (NAV)?
Net asset value, or NAV, represents the value of an investment fund and is calculated by adding the total value of the fund’s assets and subtracting its liabilities. Mutual funds and ETFs use NAV to calculate the price per share of the fund…
Stocks vs. mutual funds: Which should you invest in?
Stocks and mutual funds are both popular types of investments, allowing investors to build portfolios and grow their wealth. However, even though mutual funds often contain stocks, mutual funds and stocks have different traits that can appeal to various investors with different goals.
Here are the key features, as well...
Index funds vs. mutual funds: What’s the difference?
New investors often want to know the difference between index funds and mutual funds. The thing is, sometimes index funds are mutual funds and sometimes mutual funds are index funds. It’s like asking the difference between apples and sweet food. Apples can be sweet or sour, while sweet food includes more than just apples. So it is with mutual…
5 ways to tell if your portfolio is well diversified
Experts say a diversified portfolio is key to weathering any market. But you may be confused as to whether your money is truly diversified. We’ll show you easy ways to diversify your portfolio.
A diversified portfolio invests in different asset classes like stocks, bonds and real estate to minimize risk when one asset class falls in value…
How to build a financial plan without a professional financial planner
Years ago, I dropped my business card into one of those fishbowls near the front door of a restaurant. You’ve seen them too – put your card in a fishbowl to win a free dinner for you and eight of your friends!
I just graduated college, was working for the first time, and I had a box of a thousand business cards…
The difference between speculation & investing
All investments carry some risk, but the difference between speculating and investing can illustrate the level of risk involved.
Speculating often describes scenarios when there’s a high chance the investment will deliver losses but also when the investment could result in a high profit. In contrast, investing generally refers to...