Investing

Investing made simple. Where should you invest? Information on stocks, mutual funds, index funds, retirement accounts and more. Also be sure to check out our complete guide to investing.

What is a 401k?

What is a 401k?

You have heard the term 401(k) before.

You know it has to do with retirement.

You may even contribute to a 401(k), but do you fully understand it?

It’s simple to understand what it is and how it can help you.

Let me explain…

18 One-Sentence Tips on Saving Money and Handling Your Finances

18 One-Sentence Tips on Saving Money and Handling Your Finances

This is a list of 18 one-sentence tips that will drastically improve your finances. These are quick tips, but they will surely make a huge improvement if you take them to heart.

Remember, just because you have heard some of these before, doesn’t mean you actually absorbed it. Read the list slowly and see if you can implement some of these, especially things that you may have “already heard”.

Hearing alone doesn’t help. It’s about acting and implementation.

Without further ado and in no particular order, here are a total of 18 One-Sentence Tips for your finances…

What is a DRIP?

What is a DRIP?

A DRIP (Dividend Reinvestment Plan) is great for the small investor.

If you personally want to invest, but feel like you don’t have enough money, a DRIP is a great starting place for you.

You don’t need very much money to get started and you don’t have to keep pouring large amounts of money in.

What is Bitcoin?

What is Bitcoin?

Bitcoin is a new term compared to most other forms of currency.

Bitcoin is now a real and fairly popular currency, so you should probably know a little bit about it.

When you ask Google what Bitcoin is, this is the first thing you will get:

“Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money.”

Basically, a bitcoin is…

What is a Penny Stock?

What is a Penny Stock?

You have probably heard a lot about penny stocks. I’m sure you have seen ads all over the Internet that advertise things like “Get rich with penny stocks!” or “Turn pennies into thousands!”.

Well unfortunately those ads aren’t very realistic.

I know, I know, it’s surprising to find something on the Internet that may not be true. Is it possible to make a lot of money with penny stocks? Sure. You can make money with anything if you are good at it or lucky, but it’s definitely not for everyone and it’s not really investing.

So what exactly is a penny stock?

Making Sense of Stock Market Order Types

Making Sense of Stock Market Order Types

When you go to buy your first stock, you may be a little confused about the terms involved. Especially the stock market order types.  These are simple terms once you understand them and they may be highly beneficial to your stock portfolio.

The main terms you need to know initially are the terms for stock market order types. These are the basic ways you can order a stock…

How to Set Realistic Financial Goals

How to Set Realistic Financial Goals

Setting realistic financial goals is what separates the successful from the unsuccessful. Goals are good for every area of life, but setting financial goals specifically is important. The process of setting goals is just as important as having them, so let’s look at what it takes to set realistic and effective financial goals.

Determine Your Goals

Just like with any goal, a realistic financial goal needs to be specific, attainable and written. It will only hurt you to set a goal for an amount or a time period that isn’t realistic. It is very important that you write a specific goal, including all of the numbers involved.

All goals should be written.

You’ve probably heard the popular statistic: only 3% of people write their goals down and that says something about the small amount of people that stick with goals and achieve them. Putting goals in writing holds you accountable to the goal.

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