Saving bonds come in two different types: Series EE, which pays a fixed interest rate for 30 years, and Series I, which also pays interest for 30 years, but the rate is inflation-indexed. What does the difference between the two, inflation-indexed mean? An inflation index is used to track changes in the price level of…
To start buying stocks, you will need a stockbroker’s assistance. A stockbroker, by definition, is someone who professionally trades shares on behalf of their clients. There are two basic types of brokers you can choose as your advisor: a full-service broker or an online/discount broker. Full-Service Brokers Full-service brokers are business people who you will…
Money market accounts also called money market deposit accounts or MMAs have been an option since the 1980s wave of banking deregulations and have been thriving ever since. Wondering what is so special about this MMA? Let us dig a bit deeper into it. What Is a Money Market Account? Consider the money market account…
You have a great number of options when it comes to how you want to manage your money. Banks offer a variety of different accounts. And you most likely know the basics of what each account is for. For example, the main difference between checking accounts and savings accounts is the way they are used….
Have you ever thought about which president of the United States was the one to increase the debt the most? Do you wonder why? This is actually a really interesting and worth-to discussing issue that can change very quickly between every different president. And now the reality is that the national debt is higher than…
In an initial public offering (IPO), a previously private company begins selling stock to the general public. It’s one of the most exciting events in the world of finance. For the company, it brings a huge influx of attention and, of course, cash. For institutional investors and ordinary folks alike, it’s the first opportunity to…
When it comes to doing day trading, it is always crucial to have a strategy for risk management, and knowing when we should initialize an order and when we should complete it is the most important thing to think about for a day trader. Therefore, stop-loss is extremely vital to minimize the loss when the…
The upcoming chilly months are the perfect opportunity to get that book you always wanted to read. Now you have the chance to learn something new through the 10 greatest finance books, and learn more about your finances. The finance books will guide you on how to manage your money in a better…
Are you often thinking: “Should I Save or Pay off Debt First? Use this article for guidance or tips to help make your decision easier when it comes to investing your money. Consumer debt reached a new record of more than $4.31 trillion in the second quarter of 2021. In July 2021, U.S….