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.
I have written an article explaining stocks before, but a stock is not always an easy concept to understand.
We know that a stock is a share. A share of a company. A public company.
But what does that mean? How are stocks formed? How did stocks originate?
Those are just a few of the questions that this infographic answers…
There is a word.
A word that you have heard me use many times.
A word that has changed spending, saving and investing.
What is the word, you say?
Don’t pretend like you don’t know. The word is…
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…
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…
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.
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…
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?
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…