What Do You Really Know About Investing? [Quiz]

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Grow Savings With CD Laddering

CD ladder is a certificate of deposit ladder. A certificate of deposit is a type of account you have at the bank where the bank will agree to pay you a certain interest rate for an agreed period of time. Let's say you saw a 2.50% APY 12-month CD, that means the bank will pay you 2.50% APY for twelve months. It also means you don't have access to the money for twelve months Continue reading

5 Easiest Ways to Manage Your Investments

Personal financial software can provide integrated management of your investing, banking, bill paying and borrowing. The advantages of this type of software include a number of features that make it easier to manage your investments. You can use it to check on your current holdings, review your investment history and estimate the effects of changes to your portfolio. The graphic tools and built-... Continue reading

What to Know About Investment Management

Successful investment management helps you down the path of achieving your goals such as saving for your children's education, purchasing a larger home and having the lifestyle you want when you retire. You need a plan to guide you in the right direction with your investments. Continue reading
Financial Management 101: How Much Should I Put In My 401k Each Month

How Much Should I Contribute to My 401k?

Using your company's 401(k) plan to save for retirement lets you stash away money that grows tax-free as long as it stays in the account. However, with such large annual limits -- $17,500 if you're under 50 and $23,000 if you're 50 or older as of 2013 -- it's challenging to figure out the "right" amount to contribute each year. "As with any sound financial planning advice, it depends upon the... Continue reading

ETFS vs. Index Mutual Funds

What is a market index? A market index reflects the average performance of a group of similar investments over a given period of time. The best-known example is probably the Standard & Poor’s 500 Index (the S&P), which tracks the stocks of 500 big companies that represent 70% of the value of the U.S. stock market. But there are many others. Among them: • The Wilshire 5000 Index tracks all... Continue reading

When to Hold and When to Fold an Investment

“Buy and hold” is a good rule. But that doesn’t mean you should never sell an existing investment or buy a new one. Here are four good reasons—and three bad ones—to make changes in your investment portfolio. Four good reasons to revisit your asset mix There’s been a major change in your life. Any big life event—marriage, divorce, the birth of a child, or even a new job in a new city—is reason to... Continue reading

Investments: Set Goals and Adopt a Strategy

Investment goals tend to be long-term: enough to pay college tuition starting in ten years, for instance, or enough to retire on in 15 or 20 years. In fact, it's this long-range outlook that causes many people to set such vague, half-hearted goals that they fail to reach. If you set merely "retirement" as a goal, what will motivate you to get there? Try going a few steps further: Where would you... Continue reading

Make Investing a Habit

To reach your savings goals, you have to incorporate investing into your budget and financial plan. Here are some easy ways: Dollar-cost averaging is a reliable way to smooth out the ups and downs of the stock market. You invest a fixed amount on a regular schedule: $25 a month, $50 a month, $500 a month—whatever fits your budget. Your fixed number of dollars will automatically buy more shares... Continue reading

How to Start Investing

You want a home of your own, an education for your kids, a comfortable retirement someday, and a little fun along the way. These are the dreams we all seem to be born with. To achieve them, we must become investors. A brilliantly executed program of saving—putting your money into certificates of deposit, money market funds or savings bonds—can wind up costing you money. If a money fund is paying... Continue reading