What Are The Best Investments If My Income Is Low?
Are you curious about investing, but you don’t know where to start, or you’re worried your income is too low? You’re not alone. Around 42% of Americans don’t have money invested in the stock market, according to a 2022 Gallup poll. We know investing has long-term benefits, but it does come with risks, and it…Read More
How risky is it to trade and invest in cryptocurrency?
Did you know the first purchase made with cryptocurrency was completed on May 22, 2010? A man in Florida used 10,000 Bitcoin to purchase two pizzas from Papa Johns. In honor of this purchase, May 22 is now known as Bitcoin Pizza Day. While many different investment options are available to investors today, cryptocurrencies like…Read More
9 Tips to Determine Your Investment Risk Tolerance & Spot Risky Investments
If you’re ready to start investing, the process may seem both exciting and overwhelming. It can also be tricky to know where to start. As you get ready to open an investment account or look at buying stocks to add to your portfolio, it is important to keep in mind the risks involved in investing. …Read More
What are Bonds & Should I Invest in Them Instead of Stocks?
Are you new to investing? That’s ok! Now is a great time to get started. As you look to build your portfolio, you’ll see many different investment options. Two of the most common options are stocks and bonds. Often, new investors aren’t sure how each of these investment vehicles fit into their overall financial plan.…Read More
5 Secrets to Saving When Interest Rates are High
It’s no secret inflation has been on the rise for the last several months. This increase in inflation has led to a decrease in spending power for consumers. The squeeze inflation puts on already tight budgets can make it difficult to find ways to save. But, saving right now has its advantages. One of the…Read More
4 Ways Inflation and High Interest Rates Affect Small Business Owners
It’s no secret that inflation is high. But did you know these conditions might make it more difficult for you and your business to borrow money, produce your goods or services, and maintain inventory? Inflation is hard on small business owners, but there are steps you can take to protect yourself and your business. At…Read More
What are Series I savings bonds & should I buy them now when inflation is high?
The United States inflation rate has been higher than many of us have ever seen. I was a child when the inflation rate was this high. And while I remember having to be the person who physically got up to change the TV channel before remotes existed, I don’t actually remember the high inflation rates.…Read More
Everything You Need to Know About Inflation
It’s almost impossible to turn on the news or scroll the headlines today and not be confronted by rising inflation. With an inflation rate of 8.5% in July, it is easy to see why. The government typically works to target 2% inflation to keep price changes low while encouraging economic growth. So the high inflation…Read More
What Is a Roth IRA?
A Roth IRA (Individual Retirement Account) allows you to save up to a certain amount of money in a non-deductible, after-tax account. Contributions to the account are not tax-deductible, but funds grow tax-free. Any withdrawals made after age 59 ½ are tax-free. The annual contributions limit, set by the Federal government, is $6,000 for 2021…Read More
What is the Rule of 72?
Are you considering investing money? If so, you should know about the Rule of 72. It helps you determine how long it will take for your money to grow a certain amount. The Rule of 72 allows you to figure out how long it will take for an investment to double at a given annual…Read More