You have probably heard the words before, maybe in a passing coffee shop, or while at work, or even from your parents when they give you advise on what to do with your money, but what is a Mutual Fund really? Is it like Mutual Friends? No, not really sorry Facebook will not help you much here. The definition of a Mutual Fund is “an investment program funded by shareholders that trades in diversified...
You have probably heard of DTF or WTF, but not so much about ETF, so WTF is an ETF? ETF stands for Exchange Traded Fund. Remember how “Mutual Funds are like Dating”? ETFs are like Mutual Funds. To refresh your memory, it is a collection of assets that help you invest in a diversified portfolio. Such as, stocks, bonds, gold, foreign currency, basically any asset. But the main difference is that you...
Ahhh! Adulthood – regular paychecks, eating meals that don't come in a Styrofoam cup, and the ability to, as Tom from "Parks and Recreation" would say, "Treat Yo' Self" But how much of your newfound income should you be saving? Are you spending too much? Are you investing it in the right places and growing it or just letting it sit? The suggestion is to always have at least 2-3 months worth of living...
I have had a lot of friends who have asked me, hey what is a better savings account XXX or YYY for returns and I give them the same meme face of “Are you serious?” and then I respond with hey if you want to collect pennies on the dollar then by all means put your money in a savings account. It is important to have a savings account as the place to store away nuts in case of emergency, just like a squirrel...
With technology, the ability to create your own business is endless whether you are a photographer, coder, model, graphic designer, dancer, tutor, etc… the opportunities are endless. You are a self-starter and a go-getter and live by your craft but you don’t often understand the financial and tax implications behind it. You want to just concentrate on what you are good at and before you even realize...
Reading and understanding stocks is just as confusing and unknown as the depth of oceans. You may have been swiping on your phone looking at Apple and see all these metrics below, and just like algebra it looks like a foreign language to you. We don’t want you Orcas swimming in the deep blue without knowledge of what stocks out there maybe good or bad! We want to help guide you on the basics, so you...
You have probably heard of Dow Jones before, but did you know ‘he” has more followers than Kylie and Kendall, combined! Although he may not be plumping his lips or showing off his behind, he is an influencer, and an important one in the stock market. Side Note: Large Cap is a stock that has value over $ 5 Billion, such as IBM. Dow Jones, consists of the Top 30 large cap stocks that are on the Nasdaq...
Sadly, Bonds are not as cool as James Bond movies, and do not feature any fancy cars, explosions or gorgeous women. But as boring as bonds may seem, they are a backbone for safer investments and can be just as cool as James Bond for your wallet. Side Note: We will be featuring a few articles on bonds; this one will lay out the basics. Side Note: Bonds work on something called par value, which gives...
$215,000, that is how much the top CEO’s of hedge fund companies make on an hourly basis. Yup, HOURLY... Now some of you have probably heard or watched the show “Billions” on SHOWTIME but are still confused by what Bobby Axelrod does, so lets talk about what Hedge Funds are and let you decide if the pay is justified. A hedge fund is simply characterized as an investment partnership, where investors...
Congratulations! You may be reading this because you have recently got a job where RSU’s are being given to you. You must be overwhelmed with excitement, and you should be! Your hiring manager quickly explains what RSU’s are and all you hear is a muffled voice from Charlie Brown, because you are way too excited about getting your job. Now Restricted Stock Units can be exciting from the potential payoff...
Things your parents tell you: "Eat your vegetables!", "Don’t stay out pass 2 am!", "Make sure you choose stocks with dividends!" Okay, maybe not that last one. Believe it or not, vegetables and dividends have a lot more in common than you think. Lets take something simple like a famer planting corn. The first step the farmer takes is to pick a plot of land. Picking the right plot of land to plow and...
You may have heard the term 401K before and probably thought wait I can't run that far, or $401,000, some of you may even know that it is related to your retirement fund or specifically an IRA (Individual Retirement Account). You get bombarded with packets of what an IRA is, and you hear from your parents invest in your retirement but you really don't know any of the rules or types of IRA"s out there...