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...
Buying a stock means you own a small percentage of a company you think will continue to increase in value.
Newcomers to the stock market should begin by opening an online brokerage account or through a face-to-face broker…
As retail investors pile on to the GameStop stock-buying frenzy, Robinhood is making tons of headlines. But even before everyday traders fueled massive gains for stocks popular with the Reddit crowd, investors couldn’t get enough of the online brokerage app. Robinhood gained more than 3 million users in the first four months of 2020 alone, half of whom were first-time investors…
Managing your money can sometimes feel like a daunting task. However, one way to stay on track is to use a financial plan to guide your path.
Your financial plan is a document that provides a road map to your money destination. It lays out your current financial situation, helps...
With all of his big business deals and philanthropic work, you’d think the billionaire CEO of Berkshire Hathaway wouldn't have time to teach the next generation of investors.
Not so. In 2011, the Oracle of Omaha helped create a children’s animated series called Secret Millionaires Club, which features Warren Buffett as...
A family budget is a delicate thing to balance, even without a pandemic crashing through and jumbling your finances.
In a chaotic year like this, with the country dealing with a recession, ugly unemployment rates, political tensions and new waves of the coronavirus, you’ll need to arm yourself with some...
If your eyes glaze over when hearing the term “index funds,” you’re forgiven. But the dull, mathematical spirit of index funds is part of what’s made them such strong investment vehicles for decades running.
These vehicles are built to track various market indexes, which makes them an inexpensive and diversified option compared…