Mistrust toward banks and other financial institutions prompts more fearful individuals to seek alternative venues to park their capital. Others may be avoiding the banks on principle, given their participation in the reckless lending that led up to the housing bubble bursting and triggered the Great Recession. Of course, after last year’s wildly volatile stock

Any savvy investor knows you can’t put all your eggs in one basket. Even though it may not cut out risk entirely, diversifying your investment portfolio can help you reach your investment goals by maximizing your returns. There are plenty of different investment vehicles for you to choose from including stocks, bonds, mutual funds, futures,

If you work for a company that has a 401(k) plan, congratulations. As of 2020, nearly 60 million Americans took part in roughly 600,000 company retirement plans. According to Investment Company Institute, there were about $7.3 trillion in assets invested in 401(k) plans as of the end of June 2021. Retirement plans managed to stay

Dividend Stocks: An Overview Dividend stocks are stocks of companies that pay out a portion of their earnings to a class of shareholders on a regular basis. Usually, these companies are well established, with stable earnings, and a long track record of distributing some of those earnings back to shareholders. The distributions are known as

In this article WIX Follow your favorite stocksCREATE FREE ACCOUNT Marco Vdm | E+ | Getty Images Company: Wix.com (WIX) Business: Wix.com is an Israeli information technology company that develops and markets a cloud-based platform that enables users to create a website or web application. Their platform consists of three web creation products, each with

When Aretha Franklin died intestate—without a legal will—in 2018, she joined a surprisingly long list of famous people, including Prince, who also did the same. By not preparing an estate plan, she made the task of settling her affairs more complicated for her survivors. While your estate may not be as large or complex as

The oil and gas industry is one of the largest sectors in the world in terms of dollar value, generating an estimated $5 trillion in global revenue as of 2022. Oil is crucial to the global economic framework, impacting everything from transportation to heating & electricity to industrial production & manufacturing. Investors looking to enter

What Are Financial Advisors? Let’s be honest: Not everyone has the time or desire to become a financial expert. Still, these days, it is increasingly important to be able to manage one’s personal and household finances. Don’t fret, though. If you would rather have an easy plan that you can execute without having to constantly

For many people, marriage brings a vast swath of benefits, including financial ones. But if you have a significant other who believes that getting married is more of a financial liability than a benefit, don’t be surprised because that mindset is more common than you’d think. Many people, largely confused by the long-held belief that

The first U.S. dollar (USD) is one of the world’s strongest currencies. It is the official currency of the United States as well as several other countries. Although it has a deep-rooted history in the United States, the dollar as we know it today was first printed in 1914. Printing began a year after the

A loan contingency clause in a contract defines a condition that must be met or an action that must be taken before a sales agreement becomes binding. A home loan contingency clause commonly gives the buyer the right to have the home independently appraised, to have the home professionally inspected, and to obtain a mortgage.

Intel Corporation (INTC) was founded in 1968 by Robert Noyce and the father of Moore’s Law, Gordon Moore. Noyce and Moore left Fairchild Semiconductor to launch a new venture, NM Electronics. Several months later, they purchased the rights for the name Integrated Electronics Corporation from a company called Intelco. In 1969, they developed the Intel

You know a health savings account (HSA) helps pay for out-of-pocket medical costs, but it may surprise you to learn that this tax-advantaged account could be a superior retirement savings vehicle, too. It has become ingrained in us that we should max out our 401(k) or other workplace-defined contribution plan as the best way to

When a stock market experiences a crash, it is often the result of any number of economic events spurring investors to overreact out of fear. As the right circumstances and any bad news about the economy have the potential to set off a chain reaction that leads to a crash, these types of financial crises

Many consumers have little understanding of finances, how credit works, and the potential hit to financial well-being that poor financial decisions can create for many, many years. In fact, a lack of financial understanding has been signaled as one of the main reasons many Americans struggle with saving and investing. Every few years, the Financial Industry

The Federal Reserve System is the central bank of the United States. Referred to as the Fed, it is arguably the most influential economic institution in the world. One of the chief responsibilities set out in the Fed’s charter is the management of the total outstanding supply of U.S. dollars and dollar substitutes. That means