During most of 2020 and 2021, global news headlines were dominated by coverage of the COVID-19 pandemic. In 2022, the pandemic is still being mentioned in the news, but we are seeing more coverage related to rising inflation, which appears to be an inescapable development around the world. In the United States, a country that…
Whether with traditional savings or Roth IRA, saving for retirement is one of the most important financial goals that a person can have. It is a very long-term goal, but it is one that makes a huge difference in terms of financial stability, ability to retire, and quality of life in retirement. While it might…
Have you ever wondered whether breaking into the foreign exchange markets is worth your time? Forex trading is becoming a common way for everyday consumers to earn a few extra dollars by trading for an hour or so per day. Fortunately, there’s no need to be a licensed broker or investments guru to make a…
The stock market is in a freefall, which means investors are hunting for alternative investments. It makes good sense to look at fine wine as an investment vehicle, but it’s important to evaluate it based on long-term returns. Using compound interest calculators helps us see the potential of investing in a hard-asset. Likewise, using the…
Are you shopping around for good interest rate deals on savings accounts offered by banks, S&Ls, and other institutions? In an era when two percent is considered an excellent rate on a regular passbook savings account, it can get pretty depressing to compare bank rates. Even so, it’s essential to use a reliable interest-rate calculator…
When looking at investment options, some financial advisors believe that compound interest should not be treated as a strategy in and of itself. We are not talking exclusively about advisors who emphasize conservative styles of investing; some of them will recommend adding cryptocurrencies to your portfolio, but they will also insist on making compound interest…
Have you ever wondered if you could live on corporate stock dividends? Dividends are the quarterly payouts companies make to shareholders. The amounts are usually set at a specific dollar amount per quarter, which means that the percentage-yield changes constantly with the stock’s price. Is it reasonable for anyone to expect to be able to…
The two most prominent and most important types of investment are stocks, or equities, and bonds. These two asset classes play two very different roles in a person’s investment portfolio, and both are important when it comes to maximizing long-term gains while balancing out the right amount of risk. In this post, we will go…
Taxes often throw a complicated factor into long-term investments. One of the most important long-term financial goals that people should have is saving for retirement. Retirement can seem distant, especially for young people, and the existence of Social Security might make it feel like saving doesn’t need to be a priority. However, Social Security won’t…
Compounding interest is earning interest on previously earned interest. It’s also known as earning “interest on interest.” Over time you can build up your wealth by reinvesting the interest you’ve accumulated. You should understand the difference between simple and compounded interest to take full advantage of it. The interest rate earned on compound interest depends…