When it comes to building the best investment portfolio, you’ll often hear that diversification is key. But what does that even mean — and why do you need to bother with it? After all, you already own a wide range of stocks, from that skyrocketing Amazon stock to your Apple and eBay stocks, and you’re raking in the profits. What could go wrong?If you’re relying on a portfolio filled with
Best for Helping Out a FriendChime Referral Bonus$100Best for Socially Conscious ClientsAspiration Plus$200Best for Basic CheckingChase Total Checking$225Best for Financial BeginnersTD Convenience Checking$150by Timothy MooreContributorSo, you’re looking for a new bank account.You’ve got several factors to consider — ATM access, interest rates, monthly account fees, minimum balances, online bill payments and more.Another factor: sign-up bonuses. Banks and credit unions frequently run promotions to entice prospective customers to open a new
Student loans in America average near the $40,000 mark, and it makes it difficult to decide whether to invest or pay off student loans. Because, let’s face it, getting out of debt and saving for retirement is equally as important. There are three elements that determine which route will suit your needs best. These are: But before you dive in, it’s important to understand external factors may affect your decision. A critical factor
by Kathleen GarvinContributor When you think of interest-generating bank accounts, your mind likely goes to savings. After all, that’s your reward for building an emergency fund or socking away money for a future expense, right? A regular, end-of-month deposit into your savings account, courtesy of your bank. The good news: You can also earn interest with select checking accounts. What is a High-Interest Checking Account? A high-interest, or high-yield, checking
by Tiffani ShermanContributorLet’s be honest: It can be awkward for adult children to talk about money with their parents. Especially if you haven’t done it much before.But avoiding the money talk, especially as our parents age and their needs change, can lead to a host of financial problems down the road.These talks are tough — but they’re also really important. Getting the conversation going early on — before a crisis
Many of us have dreamed of the potential of early retirement or FIRE, but it can be overwhelming to figure out how you might sustain yourself as you move into this new phase of your life. Luckily, there are many options. Aside from saving the amount you need to retire, you can also leverage several tax loopholes in order to acquire funds in your tax-advantaged investment accounts.One loophole: Build a
Mint has you covered during coronavirus. Stay up-to-date with the latest financial guidelines and resources here.It’s not that you try to be unsafe online, but it’s easy to get careless when you surf the web. You might log into your bank account online while using public Wi-Fi, possibly exposing your password and username to a cybercriminal. Or maybe you use the same password at every financial site you visit on
Many lenders still offer personal loans to people with “fair” or “poor” credit — and some even specialize in offering loans and other financial products to those types of customers. But if you have debt, bad credit, or both, and you’re thinking about a personal loan, you should consider whether or not taking on new debt makes sense. You might be better off considering alternatives like credit cards with promotional
Sometimes life can have a way of dealing you a few blows. In addition to unexpected costs, sometimes you take on debt for others, or an emergency arises. If you have several credit cards, you can get overwhelmed when trying to figure out what your next steps should be. Create a plan, and it will help guide you in paying off your debt and save money in the long run.
At some point in life, someone will ask for help. It goes the same In terms of financial support. Although some are unusual, the reasons why we love loans are pretty standard. One of them is because when in debt, some people find it simpler to apply for loans. Below are significant reasons why most individuals like to take out a loan. Emergency Cash Assistance One of the reasons why
