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 […]

Mutual Funds

Comparing Mutual Funds

When someone mentions investing in a fund, most people immediately think of mutual funds. The question people don’t ask is this: What type of mutual fund are you investing in? There are actually three common types: funds that invest in stocks and/or equities, funds that invest in bonds and fixed-income products, and funds that invest […]

Options

Understanding Cash-Secured Puts

If you keep enough cash on hand, not only are you prepared in the event of an assignment, but you’ve tapped into a method to buy stock that may also earn you a little extra income along the way. Let’s explain with an example. Imagine you like stock XYZ at $52, but you’re not looking […]

Trading

Market Outlook: A Trader’s Guide

Different ways to develop an opinion on the market In the world of Wall Street, there is no shortage of colorful language used to describe one’s outlook on the markets. When using the key terms to describe your market sentiment (bullish, bearish, neutral or volatile), Ally Invest is speaking from the perspective of the U.S. […]

Finance Basics

How to Get a Financial Education – On Your Terms

There is no one-size-fits-all plan for improving your financial literacy. A good plan should be tailored to financial decisions you’re facing today and fit the way you learn best. Whether you learn best sitting on the couch with your dog, or chatting with your friends over coffee, we’ve got you covered. Whatever your terms are, […]

Mutual Funds

Selecting Mutual Funds

Before you pony up cash for an investment, first dedicate time for doing some homework. Outlined below are several key questions to consider before investing in a particular mutual fund. You can find these answers in a fund’s prospectus.   Check the Prospectus Before investing in any mutual fund, carefully consider information contained in the […]

Options

Selling Cash-Secured Puts for Income

As an option trading strategy, selling naked or short puts is highly risky and only recommended for experienced investors. There are differences between selling a cash-secured puts and selling a naked put. In either case, Ally Invest encourages you to stay mindful of the risks. What is a naked put? If you short a put, […]