Advise
2018 was the year of resilience. We as a world were tested from one of the largest fires in California to the political climate all around the world. There was a mass shooting in Florida and we saw a group of young adults show us what resilience looks like. Finally, the finance world was tested, the whole investment world, especially in the United States, was taken for a ride. From FAANG (Facebook...
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...
Let us break this down 1. You buy a stock 2. Some time passes 3. Your stock yields cash dividends 4. You decide to drip that money over 5. And purchase more of the same stock with the dividends Now let us piece this together; first you buy a stock like IBM, some time passes and IBM yields its yearly cash dividends! Now instead of taking the cash out of the market you decided to “drip” the money over...
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...
Let us break this down 1. You buy 100 shares of a stock 2. Some time passes 3. The company declares a 2-1 split 4. You receive 5. An additional 100 shares 6. Giving you 200 shares total 7. #happyface Now let us piece this together; first you buy 100 shares of a stock, now some time passes and stock grows in value and is doing pretty well, so they announce a 2-1 stock split. You now receive an additional...
2016 was one of the most unexpected years, miracles like the Cubs winning the World Series to our 2016 election results. There were iconic deaths from Muhammad Ali all the way to most recently Princess Leia (Carrie Fischer) #rip. There were trends like bottle flipping and the mannequin challenge, iconic players in sports like Peyton Manning and Kobe Bryant retired and let us not forget that the Golden...
Gone are the days where you have to carry cash when you go out for the night, our generation loves to have everything digital and are big users of mobile payment systems or P2P (peer-to-peer). Venmo is by the far the “Orca” in the room, as it is the most popular P2P among the millennial generation, but is Venmo truly “free” and how secure is it? The Birth Of Venmo Venmo actually started back in 2009...
We here at Orca, love when John Oliver exposes industries for what they are, such as MLM's. You have probably been approached or know one of your friends that have been approached to join this “amazing opportunity” to be your own boss and sell this product that is “flying” off the shelves and it is just as easy as recruiting your friend and family to make money with you, All you have to do is get 10...
Wait, so all that drama of futures and the Dow Jones down over 700 points was wiped away this morning? It was like the stock market broke up and went out and drank the night away, drunk texting all of its ex’s and overreacting to any news, final woke up and realized that life moves on and today is a new day to focus on yourself not the election! #imnotsorry So Orcas let’s continue to swim, let’s unite...