A Uniform Gifts to Minors Act (UGMA) is an investment account for minors, allowing adults to give or transfer assets into the underage person’s account to help them save for college or be financially independent.
by Matin VarshochiOver the past couple of years, the hype around cryptocurrency has increased rapidly. Cryptocurrency is being viewed as the future of finance with the potential of revolutionizing the world’s daily operations.
by Nailah HerbertMany feel that they don't have a lot to invest. No matter the size of your paycheck, you can get started investing! Getting started investing with a little can add up a lot! Make a strategy that works for your paycheck!
by Nadia C. VanderhallThere are numerous ways to invest your money to grow your wealth, such as through the stock market, index fund, or real estate investing. Trading stock options is more advanced than buying and holding or day trading stocks.
by Matin VarshochiDifferent levels of investing are being unlocked as people scroll through social media. Retail Investing isn't the only way for investor to see wealth when it comes to the stock market - let's discuss the new normal for investors.
by Nadia C. VanderhallSaving for retirement is essential for living a comfortable life after working for many years. Depending on the line of work, different types of Individual Retirement Accounts (IRAs) are available to help a person maximize their retirement savings.
by Matin VarshochiPresident Joe Biden recently announced that the government has canceled $11.5 billion in student loan debt. Currently, the outstanding student loan debt is $1.73 trillion, according to the Federal Reserve.
by Nailah HerbertStatistics show that 78% of retired National Football League (NFL) players go broke within two years of retiring, and 60% of former National Basketball Association (NBA) players go broke five years after retiring.
by Matin VarshochiTypically, new and used vehicles decrease in value each year. However, the average price of used cars has increased by 4.9% over the past year. As a result, many used car owners have become intrigued to sell their used cars for profit.
by Sheena AllenAre you ready to start investing but unsure of where to begin? Here’s what you need to know to start investing intelligently on your own.
by Viviana VazquezBetween the financial talks and tips on social media and the rise in popularity of mobile apps like Robinhood and Coinbase, more people are interested in or starting to invest. But remember, investing is not just investing in the stock market.
by Matin VarshochiA mutual fund is a type of investment that allows you to buy a share of a company's professionally managed fund or portfolio. The fund is made up of stocks, bonds, or other securities.
by Victoria KislingEquity allows investors to build long-term wealth by holding a stake (the amount of stock an investor owns) within a company. Being an investor, and particularly an early investor (or stakeholder), comes with risk.
by Sheena AllenBefore purchasing a stock, it’s important to consider a company’s stock price and assess its profitability. One primary stock analysis method that assists investors in knowing if a stock is profitable is the P/E ratio.
by Viviana VazquezHere are three tips to consider when investing in an index fund.
by Yodit Admassu