CD vs. CD Ladder As many people are aware, investing in a certificate of deposit (CD) is a reliable, safe way to earn interest income. By depositing a lump sum of money for a set period of time, an individual could make a profit; usually anywhere between 1-2% of their amount. Earning money from a
Month: May 2020
Having a child is expensive, no doubt about that. One of the biggest expenses that your child will encounter is the cost of college. Many parents will try to financially assist with this so that their children are not overburdened by debt early in life. Start Young It is difficult to say the exact price
The stock market ended a volatile week in the positives. Friday’s numbers saw the Dow Jones increase by 0.25%, the S&P 500 rose by 0.39%, and the NASDAQ increased by 0.79%. All three indexes had losses overall this week. Banks continued the trend of their rough week, with the KBW Bank Index seeing a loss
The United States has recently been facing a meat shortage, which has been due to several meat-processing plants being forced to temporarily close due to the pandemic. The effects of this meat shortage have been felt all over the country, but primarily in the fast-food industry. Wendy’s Runs Out of beef Wendy’s restaurant chain has
Friday’s news brought forward the announcement that Facebook had entered into a deal to purchase GIPHY. GIPHY is a popular platform; its primary purpose is for users to be able to search and use short videos, known as GIFs, and send them in conversations. The Plan for GIPHY GIPHY will be added to Instagram, which
Divorce is never a nice topic to discuss, and even worse to experience. However, it is an unfortunate part of reality that we should all be aware of. On average, 40 to 50% of marriages in the United States result in divorce. The financial repercussions of divorces are severe, and so should be factored into
Any parent will be able to explain that although babies are cute, they are definitely not cheap. The average cost of raising a child from babyhood to adulthood in the United States is close to $300,000. Financial planning before the baby is born will alleviate some of the stress and showcase some of the expenses
Thursday’s markets saw positive gains for the first time in days. The Dow Jones rose by 1.62%, the S&P 500 was up by 1.15%, and the NASDAQ increased by 0.91% by the end of the trading day. The jobless claims report showed Connecticut as having lost almost 300,000 due to coronavirus. However, today it was
An initial public offering, or an IPO, is a term quite frequently talked about in the business world. Many people know what it entails, but not exactly how it works. IPO – Initial Public Offering When a previously private company offers shares of its corporation to the public, this is when an IPO occurs. Issuing
Taking the initiative to start a new business can be exciting and very fulfilling. However, having the idea and inclination is just one of the steps that you will need to take. Having the cash to bring this business into existence is the next step. Which Business Type is it? There are three main categories
Wednesday saw further losses in the market, as the Dow fell by 2.17%, the S&P 500 closed down 1.75% and the NASDAQ fell by 1.55%. The Dow has fallen by 18.54% since the beginning of 2020. So far, this is the worst year for the Dow since the financial market crash in 2008. President Donald
The year 2019 was an excellent time for gold. It was one of the highest-performing investments, gaining an increase of over 18% in 12 months. The last quarter of the year saw a slow decrease in value, but that is not to say that gold is not a worthwhile investment in 2020. While many are
With new advances in technology emerging every day, we are fortunate to have lots of options when it comes to apps. There are apps that can play games, track our fitness levels, and help us with our budgeting. These budgeting apps are great, but there are so many to choose from, so it can get
Tuesday’s market resulted in a loss of the NASDAQ’s multi-day winning streak, as it dropped by 2.06%. The Dow also down, falling 1.89%, and the S&P 500 fell by 2.05%. These losses occurred after Dr. Fauci, White House health advisor, warned that more “suffering and death” will occur due to Covid19 if businesses reopen too
Bitcoin, the virtual cryptocurrency that took the world by surprise, is making headlines again. Every four years or so, Bitcoin undergoes “halving”. Halving is an interesting occurrence because it ends up altering the value of Bitcoin. What exactly is halving and why does it happen? Halving in Cryptocurrency When Bitcoin is halved, this is directly
The corporate world is hard to get into and difficult to stay afloat once you make it there. One thing that might help is being able to trust in your self-confidence and negotiate your own salary. If things are more on your terms, you will likely find the time spent at the office enjoyable. Do
When thinking about finances, many people are familiar with the concept of interest rates. Something that is less familiar is known as an annual percentage rate (APR). Both of these numbers affect your finances, whether you are aware of it or not. Interest Rate The interest rate is a percentage of the principal amount that
If you file your own taxes, you are likely aware of some deductions that can help you save money. If you have an accountant file your taxes, it is good to be knowledgeable about different deductions so that you can check it over and make sure that you are saving as much money as you
When you decide that you want to enter the stock market and invest in securities, there are a few steps that you will need to take in order to facilitate this. First and foremost, you will need to open a brokerage account. Brokerage Accounts A brokerage account offers you access to purchase, trade, and sell
Buying a house with the intention of renting it out can be a great idea. It might bring you a great deal of profit. However, it might also backfire and end up costing you money. Is it worth investing in a rental house, and if so, what is the best way to do so? Personal
Deciding to sell a house and move can be a very exciting decision. It is a symbol of closing one chapter of life and moving onto a new one. However, many people are focused on the high costs of buying a new place to live and are unaware of the expense of selling their old
When people read about different ways that they can handle their debt, refinancing is a topic that comes up quite often. What exactly does this mean, and is it the right option for you? What is refinancing debt? Refinancing is when your current loan is replaced with a new loan. This is done so that
Financial planners are great resources to use because they are able to work with you to help you align your long-term goals and finances. If you have decided that you would like to work with a financial planner, it is good to get a list of questions in order for when you meet. Before you
Monday’s markets continued NASDAQ’s positive streak, as it finished the day 0.78% higher. The Dow dropped by 0.45%, while the S&P 500 fell by 0.01%. This is NASDAQ’s longest positive streak since December, which lasted for 11 days in a row. AMC Entertainment saw a drastic increase, as their shares rose by 30% on Monday.
The three major indexes rose on Friday, despite the release of last month’s job report. The Dow Jones rose by 1.9%, the S&P 500 up by 1.7%, while the NASDAQ increased by 1.6%. The NASDAQ is currently out of the bear and correction market that it had fallen into during the past couple of months.
In recent years, there has been an increasing number of young adults who have grown up with no concept of financial responsibility. They do not understand the value of money, and that it is difficult to earn. This is partially because many children are handed out money by their parents, and so the idea of
The markets closed higher than expected on Thursday, with the Dow Jones rising 0.9%, the S&P 500 increasing by 1.2%, and the NASDAQ rising by 1.4%. This is the fourth day in a row that the NASDAQ has increased. As of today, the NASDAQ has eliminated all the losses due to Covid19 and is up
Student Loans Taking out a loan in order to attend post-secondary is a risky endeavor. If you manage to graduate and find a job, then that is the best-case scenario, and you will be able to start paying the loans back. However, there be many obstacles in your path before you reach graduation. Leaving school
Being aware of different investment strategies is always a good idea, as some of them may benefit you in the long run. A CD, for instance, is an investment opportunity that can help you take advantage of higher interest rates. What are Certificates of Deposit? A certificate of deposit, or CD, is an investment opportunity
Investor Outlook Covid19 has resulted in the devaluation of many investments and portfolios. Many people have been frustrated and dismayed to see their assets were reduced by up to 30% within a few days. The question has arisen as to what, if anything can be done about investing during the pandemic. Do Not Rush To