Family

Be a Good Financial Role Model and Turn Your Kids into Savers

Responsible financial management is not innate. Most kids aren’t born savers and some can struggle with the concept of deferred gratification. It can take real dedication to invest for the future (for adults and children alike) particularly when there are so many distractions at hand. If you have children of your own or spend time […]

Finance Basics

20 Minutes to a Better Financial You

We all know that time is often a precious resource. So much to do, so little time! Fortunately, improving your financial life doesn’t have to be time-consuming or too complicated. The tasks below usually take around 20 minutes or less, but can help you take a big step towards improving your finances. Try crossing a […]

Trading

25 Simple Ways to Save for Investing

According to research, less than ten percent of Americans feel they’re successful in achieving their New Year’s resolutions. If you started this year with the hope of building your investments, don’t despair. While it may seem like every dollar you earn is already spoken for, you’ll be surprised at how many ways you could find […]

Trading

Long Inverse ETF Strategies

The concept behind inverse exchange-traded funds or ETFs seems quite simple. When the underlying target index goes down, the value of the ETF is designed to go up. The target index may be broad-based, like the Standard & Poor’s 500 index, or it could be a basket chosen to follow a specific area of the […]

Trading

Basics of ETFs

Like a mutual fund, an exchange-traded fund (ETF) pools the money of many investors and purchases a group of securities. Like index mutual funds, most ETFs are passively managed. Instead of having a portfolio manager who uses his or her judgment to select specific stocks, bonds, or other securities to buy and sell, both index […]

Options

Long Put Strategy

A long put gives you the right to sell the underlying stock at strike price A. If there were no such thing as puts, the only way to benefit from a downward movement in the market would be to short sell stocks . The problem with shorting stock is you’re exposed to theoretically unlimited risk […]

Saving

The Simple Rule I’ve Been Following to Get Healthy While Saving Money

I’m someone who can be – If I’m being totally honest with myself – very lazy when it comes to fitness. I’ve always been someone for whom physical activity was a byproduct of other hobbies or obligations I had going on in my life. And living in a city like New York requires enough baseline […]

Retirement

Save for Retirement, or Pay for College?

If you just landed a raise or received an inheritance, saving that extra income is a great idea. But do you put the money toward paying for your child’s education or paying for your retirement? Here are few considerations from each perspective to help you decide. Why to Prioritize Retirement Savings During your golden years, you […]

Options

Short Call Strategies

Also known as a naked call, selling the short call obligates you to sell stock at strike price A if the option is assigned. When running this strategy, you want the call you sell to expire worthless. That’s why most investors sell out-of-the-money options. This strategy has a low profit potential if the stock remains […]

Mutual Funds

Mutual Fund Investment Types

Just about every fund available will fall into one of four categories: Open-end, Exchange-traded, UIT or Closed-end. To help you make heads or tails of these fund types, the table below outlines general definitions, pros and cons, liquidity concerns and other important information to help you make wiser decisions about your finances. Before investing in […]