A Certificate of Deposit (CD) is a type of financial instrument that has a fixed maturity date and a fixed interest rate. It is a promissory note issued by a bank to a customer. What Is a Certificate of Deposit? Another way to look at a CD is as an agreement between an individual and a credit institution, typically a commercial bank. Depositors lend banks money and … [Read more...] about Certificate of Deposit Advantages and Disadvantages: What Is a CD?
A recent Bankrate survey indicated that Millennials love sitting on piles of cash and are spooked silly of the stock market. And one can see where they're coming from. As a Millennial myself, I remember graduating college in 2009 when the stock market was in the toilet. I recall the perfect recipe of career anxiety, terrifying financial headlines, and the fear of … [Read more...] about 21 Reasons Why You Should Never Invest in the Stock Market
Traditionally, the barriers of entry to the investing marketplace were quite high. A lack of technology, a slower moving world, and strict regulation meant that it was nearly impossible for regular investors to gain any type of access. Thankfully, this is now changing with a wide variety of applications which can assist investors to not only gain access to the market, but … [Read more...] about 11 Best Investment Apps of 2018
If you're one of the millions of Americans who are concerned about their financial future and want to know what you can do today to protect your financial well-being tomorrow, you’re not alone. If you’ve ever considered investing in the stock market, this Motley Fool Stock Advisor review is for you. Where Do You Turn for Financial Advice? There are a multitude of paths … [Read more...] about Motley Fool Stock Advisor Review 2018
In this article we will review Status Money, a new website that purports to let you compare your net worth to others like you. Have you ever been curious how rich you are compared to your peers? The fact is that your net worth now is a pretty good indicator of your wealth later. Trends set in earlier years tend to repeat, as those who are wealthy in their twenties will … [Read more...] about Status Money Review: Free Site Shows You How You Compare Financially