When Should I Start Investing?
You may have heard the Chinese proverb: the best time to plant a tree was 20 years ago. The second-best time is now. The same is true with investing. If you think you’ll have time to get started later, you should see how that’s working out for older generations. The Power of Compound Interest If…
Read MoreHow much should I put in my 401(k)?
If you’re fortunate enough to have an employer who offers a 401(k), you should seriously consider participating. A 401(k) allows you to lower your tax bill and potentially build wealth through the stock market. Here’s how to figure out how much you should contribute. The power of the employer match You should contribute at least…
Read MoreWhat is an Opportunity Cost?
Opportunity cost is an economics concept with huge implications in every aspect of our lives. To put it simply, when you say “yes” to one thing, you are saying “no” to another. Opportunity Cost in the Real World Let’s try an example. Say your goal is to build healthier habits by exercising every day. When…
Read MoreWhat Stock Can I Invest in That Will Earn Money with Low Risk?
“What stock can I invest in that will earn money with low risk?” Submitted by Fernando A. I’m glad you are thinking about investing while also considering the risk involved. Clearly you understand the relationship to risk and return (low risk = low return) and I am wondering about the goal of your investment plan.…
Read MoreReady to Start Investing? 6 Tips for Avoiding Scams
You’ve worked hard to get where you are financially, and investing might seem like the next step. But sometimes the financial landscape (and especially the internet) is like the Wild West. Let’s go through some tips to have in mind and common pitfalls to watch out for when you start investing. Know Your “Why” With…
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