Why I Don’t Day Trade More Than $500
The idea behind day trading seems simple: you buy a security and sell it in the same day. Unfortunately, this “easy” trading strategy is far more complex, and dangerous, than it sounds. That’s why protecting your finances is so important.How Does Day Trading Work?Let’s say you have the feeling that an important announcement is coming […]
3 of the Best Physical Investments Retirees Can Make
When many people hear the word “investment,” they picture the floor of the New York Stock Exchange. If they’re younger, maybe they think of cryptocurrency. All too often, physical assets are overlooked. If you’re someone who wants to increase your savings without dipping a toe into the market’s ever-shifting currents, or if you’re itching to […]
The Likelihood of Another Stimulus and When To Expect a Check
With the stimulus resolution passing the Senate over the weekend and the House set to vote on Tuesday, many people wonder whether the government will come through for the millions of Americans still reeling from the economic effect of the pandemic. The good news for those people wondering if help is on the way is […]
Friendship Loans: Not Letting Money Affect the Relationship
People are not meant to live alone. Social gatherings and togetherness help define a life well-lived, but with relationships come empathy and obligation. Whether people like to admit it or not, they have a responsibility to those they connect with. Sure it does not typically involve a financial obligation when talking about friendship, but people […]
5 Reasons the Roth IRA Is Still a Great Retirement Vehicle
If there is one thing married retirees know, it is the importance of communication. While discussions about money may have faded into the background because of children and other life choices, you can no longer avoid fiscal conversations because neither spouse is working.Instead of catering to avoidance and blissful ignorance, embrace the challenge and small […]
Predictions for the U.S. Economy as Federal Reserve Chair Finishes His Term
If you’re anything like me, you’ve been tracking President Joe Biden’s cabinet appointments and wondering how they might affect your financial prospects. One of the most important economic positions, Federal Reserve Chair, will be held by Jerome Powell until his term ends in February 2022.Why exactly is Powell so critical to the economic success of […]
My 5 Top Stock Picks as Things Start To Open Up
As investors start to see the light at the end of the tunnel with the COVID pandemic — at least in the U.S. — many are taking a fresh look at the stock market. Is this your chance to snatch up some undervalued stocks? What industries are a good pick? Here are five market sectors […]
Do Electric Cars Save You Money in the Long Run?
Comparing the costs of electric versus gas is tricky. Prices range a ton depending on vehicle manufacturers and even where you live in the United States. I’m going to do my best to explain five important factors that can help you make the best decision.1. Sticker PriceThe first glaring difference in the total cost of […]
Are Texas Energy Companies About To See a Boost in Profits?
Should you invest in Texas power companies? Some risk-takers are hoping to get in on the ground floor. Here’s why that may not be the best idea in the case of most.What Went Wrong With Texas’ Power Grid?To make a long story short, Texas’ recent energy crisis is the tale of corporate greed versus smart […]
Signs That You Are Ready to Buy a Property
Have you always dreamed about buying your own piece of property? Investing in real estate is not always the right decision for everyone, and it’s important to get the timing right. But if you think it’s finally time to snatch up that commercial, residential or recreational property you’ve had your eye on, here are a […]