During a financial transaction between parties, escrow is an arrangement wherein a 3rd party holds assets temporarily until all the terms of the agreement have been met. Escrow guarantees everyone adheres to their end of the agreement before funds are released from the escrow account, so it benefits all involved parties. If all terms are …
Stock market corrections occur when major market indexes decline by 10% to 20%. Investors must accept that corrections are an inevitable part of life since, on average, one occurs every two years. When the stock market goes through an abnormally high period, a “correction” returns values to their longer-term trend. In other words, the market …
Individual retirement accounts (IRAs) are vital to your retirement strategy. But one of the big decisions is the choice between a traditional IRA and a Roth IRA. Both have their advantages, and choosing between the two can significantly impact your retirement savings. Let’s break down the differences so you can make the right decision to ensure …
By now, most people have heard about cryptocurrency. Digital currency and other emerging financial technologies have been prominently featured in headlines across the globe. Cryptocurrency is a digital currency that many believe is the future of money, though there are still many unknowns about it. Given the sheer quantity of information about cryptocurrency (often referred …
The “Fiduciary” title is one of the most commonly used terms in legal and financial circles. Although the meaning is relatively straightforward, there is often confusion about the exact definition and roles associated with a fiduciary. A fiduciary can either be a single person or a group of people, such as an organization. A fiduciary’s …
A Certificate of Deposit, or CD, is a federally insured savings account. Unlike regular savings accounts, money cannot be withdrawn at any time. Instead, funds must remain in the investment for a set amount of time of 3, 6, 12, 24, or 60 months. In return, investors receive favorable interest rates and a regular monthly …
If there’s one thing investors know, it’s that making the right choices is the aim of the game. At some stage, every investor will confront two options: whether to invest in exchange-traded funds (ETFs) or stocks. ETFs are a type of investment fund traded on stock exchanges. They are collections of stocks, bonds, currencies, futures …
ETFs Vs. Stocks: The Differences And Everything Else You Need To Know Read More »
The best way to invest is with a diverse portfolio. There are many asset classes you can choose from, whether they are stocks, bonds, indexes, real estate, or even cryptocurrencies. When investing, it’s crucial to learn and understand the different types of asset classes and how holding them can affect your portfolio. Some asset classes …
It can be tricky to figure out where to invest your hard-earned income. For decades, stock markets proved to be one of the best ways to build long-term wealth. As a beginner, the stock market can be intimidating; however, technology and online platforms can empower you to more easily control your wealth and navigate the …
Cash management accounts (CMAs) and brokerage accounts are two types of accounts offered by brokerages, though they operate differently. Brokerages (think Robinhood, Betterment, and SoFi Money) have started to offer CMAs in addition to their investment account offerings to allow customers to hold money while earning a set interest rate. How Does a Cash Management …
How Does a Cash Management Account Compare to a Brokerage Account? Read More »
