Once you have an idea, starting a business can be very exciting, but also daunting. It is important to map everything out before you start to avoid potential pitfalls down the road. Here is a guide to set up your new business for financial success. Know Your Market It is crucial to conduct research on […]
Understanding Total Return
A mutual fund’s performance — its total return — can be either positive or negative. In other words, a fund either made or lost money for a measured time period. There are three separate elements that contribute to total return: the distribution of fund income (interest and dividends received on the fund’s investments); the distribution […]
Filing Taxes as a Single Parent
Filing taxes can be a daunting task for anyone, but for single parents, it often comes with added complexities. As a single parent, you may be eligible for various tax benefits and credits designed to alleviate some of the financial burdens of raising children on your own. To ensure you’re maximizing your tax return while […]
Navigating the Digital Frontier
Cryptocurrency, once a niche concept, has now become a significant player in the world of finance and investing. Born out of the desire for decentralized and borderless transactions, cryptocurrencies have rapidly evolved from mere digital tokens to complex financial instruments that can be both revolutionary and highly risky. In this article, we’ll delve into the […]
Stocks to Avoid: Red Flags for Investors
Investing in the stock market can be a great way to build wealth and secure your financial future, but not all stocks are created equal. Just as there are promising opportunities, there are also stocks that may be best avoided due to various red flags. In this article, we will discuss the key warning signs […]
Help Your Working Teen Get a Jump-Start on Saving
You may have a teen in your family who holds down a part-time job or works full-time during the summer. You can help your child lay the groundwork for future retirement security early on by encouraging your child to open an individual retirement account (IRA). You may, or may not, get some resistance, especially if […]