Update June 2020: OptionsHouse was purchased by E*TRADE. For more information, read our full review of E*TRADE. OptionsHouse has developed a reputation as one of the top rated investment brokerage platforms in the industry. This is particularly true of its options trading capacity, as the name of the platform indicates. OptionsHouse has been well recognized […]
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When you make a mistake in daily life, you usually have the opportunity to immediately make things right. If you spill soda on the floor, you can mop it up. If you burn the chicken youâre roasting for dinner, you can order takeout. In the grand scheme of things, most slip-ups have temporary consequences at
The post 5 Investing Mistakes and How to Avoid Them appeared first on MintLife Blog.
Many first-time house hunters lie awake at night worrying, Will I qualify for a mortgage? With the wide variety of loan programs, down payment requirements, and credit thresholds out there, qualifying for a mortgage can feel like a lame choose-your-own-adventure story: âDidnât prequalify? Return to page 1.â Letâs take some of the mystery out of […]
The post How to Qualify for a Mortgage: 9 Requirements for a Mortgage Loan appeared first on SoFi.
This is a guest post from Barronâs Next, which provides personal finance and investing guidance for a new generation of investors. Visit Barronâs Next for news on hot stocks, smart advice, investing tips and more. Saving enough money for your later lifeâbe it retirement or, perhaps, another career entirelyâdoesnât have to be as daunting as
The post Five Steps to Saving Your (Future) Life appeared first on MintLife Blog.
Robert Farrington from The College Investor recently went to bat for one of his readers. “I feel like my advisor isn’t steering me in the right path,” his reader told him. “When I mention [index funds] to him, he changes the subject or diverts to other topics.”
Farrington ran the numbers and discovered that his reader’s financial advisor stood to gain $7247.50 in commissions by recommending expensive mutual funds. But that’s not all. “When you add in the expense ratio, this portfolio is costing the investor $11,004.71 in year one,” Farrington writes. “And potentially costing the investor $1,879.21 or more per year after!” (And that doesn’t include any commissions and fees created by rebalancing the portfolio periodically.)
As an experiment, Farrington looked at what it would take to move his reader’s existing portfolio to low-cost index funds. The results were shocking: “By simply investing in a low cost portfolio, we were able to reduce total costs from $11,004.71 to just $176.60. That’s a 99% reduction in costs.“
This reminds me of a story from my own life.
In my recent post, “Why investing can be better than paying down debt,” Dianecy’s comment raised a question faced by many: What do you do about investing when you have student loans?
It is quite the dilemma, actually, because the best time to start funding your retirement is when you’re still in your 20s. And as anyone who has been reading Get Rich Slowly for more than, say, 10 seconds would know, few things impede your progress toward getting rich (at any speed) like debt.
The reason is simple: A dollar can be spent only once — either for another person’s benefit or for yours. So it follows that repaying debt benefits the bank; investing those same dollars in a CD or index fund, on the other hand, benefits you and your future.
Before you hit the trade button for a potential profit, read this to understand what it could mean for your tax bill.
Investing in individual stocks can be exciting when the share price is going up, but investing in single stocks can be risky. Here’s my experience.
The post Why Investing In Single Stocks Is A Bad Idea: A Real World Example appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
Lending Club’s peer-to-peer lending model offers more rewarding investments and more affordable loan options. Is it right for you? Our in-depth review will help you decide.
The post Lending Club Reviews For Investors And Borrowers appeared first on Good Financial Cents®.
Learn the history of Bitcoin and find out when it started. Discover the benefits and risks of investing in this digital currency to make smart money decisions.Learn the history of Bitcoin and find out when it started. Discover the benefits and risks of investing in this digital currency to make smart money decisions.
The post Uncovering the History of Bitcoin: When Did It Start? appeared first on Money Under 30.