Are you earning the most from your savings and money market deposit accounts? Savings and MM accounts are the foundation of a strong financial plan, providing you with financial stability as you work to achieve your goals. There are many banks and credit unions that offer savings and money market accounts. This article aims to … Read more Best High Interest Savings Accounts for December 2019
The Dogs of the Dow is a straightforward investment strategy first introduced by Michael B. O’Higgins in his book Beating the Dow. The procedure is very simple. At the end of the year, look at the Dow Jones Industrial Average index, pick the ten stocks with the highest yield, and invest an equal amount of … Read more Dogs of the Dow Strategy for December 2019
The following credit cards offer 5% cashback bonus promotions — usually on a quarterly rotating basis in select categories of goods and stores. The best strategy is to have several of these reward cards so all your categories are covered and you ensure that you don’t hit the cap where your reward is reduced to … Read more Best 5% Cash Back Credit Cards for November 2019
The following is a list of the nationally available highest yields CD rates. In general, certificates of deposit (CDs) are great short-term investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use a CD Ladder to make your CD savings more flexible and effective. You can … Read more Best CD Rates, High Yield Certificate of Deposit, November 2019
Investing in the stock market is a risky business if you don’t know what you’re doing. Even if you do, it’s possible to lose a lot of money. Personally, I relied less on picking the winning investments, and embrace investing strategies that are proven to enhance investment performance and build wealth over time. It is … Read more 5 Surefire Ways to Improve Your Investment Performance
One of the best ways to start investing is to use the services of an online stockbroker. However, there are so many brokers that it can be difficult to determine which one is best. There is no universal “right” answer because the right broker for you depends on your investing style and other considerations. Table … Read more Best Online Stock Brokers with Low Fees (2019)
If you keep a lot of money in your checking account, moving your money to a high-interest checking account may be a good move. Below is a list of highest yields checking accounts. Your principal is protected, and you’re guaranteed a positive return on investment. Before you sign up, review the requirements carefully because many … Read more Best High Interest and Reward Checking Accounts for October 2019
A 30-year fixed-rate mortgage is the most popular option for home purchases. However, you probably have seen some advertisements that encourage you to refinance your 30-year mortgage into a 15-year one. If you are a Dave Ramsey fan, you know that he is against taking out a 30-year loan and encourages you to use cash … Read more Is 15-Year Mortgage Better Than a 30-Year Mortgage?
The S&P 500 is a market capitalization weight index. This means that larger companies make up larger percentages of the index than smaller companies. The percentage is calculated by taking the market capitalization of the stock and divided by the total market capitalization of the entire index. For example, the largest company in the S&P … Read more S&P 500 Equal Weight Index vs Capitalization Weight (RSP vs SPY)
Should you pay off debt or invest? The answer really depends on your specific situation, but it is a question worth exploring in detail since so many people go through this decision-making process at one time or another. The first step to answering this question is to understand the debts that you owe. Pay Off … Read more Should You Pay Off Debt or Invest?