Investing
Whether it’s Tesla, GameStop, AMC, Bitcoin, or even Dogecoin, it seems like millionaires are being minted every day. You can read countless stories about people buying into meme stocks or cryptocurrencies, and making a huge profit. Unfortunately, getting rich quick by hitting that lucky jackpot only sounds easy. Most people end up losing their shirts […]
8 minute read
Investing
You’ve almost certainly noticed the skyrocketing mentions of GameStop stock prices recently. It was a relatively inexpensive stock just months ago, before shooting up over 100x in value. It took Wall Street experts by complete surprise. Some savvy traders on WallStreetBets — a Reddit community for stock market enthusiasts — made millions, while big name […]
8 minute read
Investing
In many ways, choosing between paying off the mortgage faster or investing more mirrors the decision gamblers make every time they place a bet at the slot machine. If you really think about it, each pull of the handle is just like when someone decides to “invest.” Sure, it’s possible to win given the right […]
5 minute read
Investing
When asked what he owes his success to, legendary investor Warren Buffett said “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” For anyone not counting, he’s parlayed that into a net worth of about $68.7 billion. Compound interest is so powerful that scientist Albert Einstein famously […]
5 minute read
Investing
I first learned about short selling from my Dad. It was in the dot-com crash of the early 00s, when practically every investment was going down. Many people lost their savings because they plowed too much money into ridiculously-valued tech stocks. Looking back in retrospect, these stocks were already so high that they had no […]
11 minute read
Investing
Sometimes, timing is everything. It was 2016 when I first bought stock in VEREIT. They are a real estate investment trust that trades on the NASDAQ stock exchange. It was apparently going to be a turnaround story. I wanted to get in because the CEO, Glenn Rufrano, was known to be an expert in turning […]
10 minute read
Investing
A bearer bond is a fixed-income security, very similar to a regular bond. However, a bearer bond is owned by the holder (or bearer) rather than by a registered owner. The coupons for interest payments are physically attached to the bearer bond. The bondholder is required to submit the coupons to a bank for payment […]
5 minute read
Investing
Online retailer Amazon is one of the biggest and best-known companies in the world today. Its popularity (and value) has only grown during the pandemic, as people all over the world were literally forced to shop online when retail stores were closed. Founded outside Seattle, Washington in 1994 as an online retailer of books, Amazon […]
6 minute read
Investing
I heard a really interesting investing story recently. You see, a really close friend of mine invested in a cryptocurrency and was yield farming on what he thought was a relatively safe investment. He was doing really well for a few weeks in a row. However, someone found a way to abuse the ecosystem he […]
10 minute read
Investing
Many people know that investing is an important part of successful finances for the long term. After all, with savings yields as low as they are, it’s very difficult to get to the point where you can save enough to then live off just the interests your nest egg throws off. That’s why investing in […]
7 minute read
Investing
It’s been a strange few months when it comes to internet investing. Sure, there’s the whole Gamestop fiasco (which is actually still ongoing). However, tucked under that $GME marquee was a secondary “meme stock” that’s also taking the internet by storm. Actually, it’s technically not a stock at all. Dogecoin is a cryptocurrency, just like […]
9 minute read
Investing
One of the best ways to build your wealth is by investing. When you invest, you take your money and put it to work for you. You purchase shares in different assets and (hopefully) receive a portion of the gains in return. Investing is one of the financial keys that can lead to a better […]
9 minute read
Investing
Do-it-yourself investing has many advantages. It can provide you with more control over your financial future. It also might save you money in terms of lower fees. Overall, it can be a rewarding and engaging pursuit. However, investing on your own is also fraught with risk. There are a number of mistakes that do-it-yourself investors […]
6 minute read
Investing
The term “cryptocurrency” is bandied about a lot these days. Most people understand that the term refers to a virtual coin or digital currency. Many people think of Bitcoin, perhaps the primary brand in the crypto world. Bitcoin’s price has fluctuated between a low of just over $300 per coin, to a high of just […]
6 minute read
Trusted provider of accurate rates & financial information