Tag: investing

How to Reduce Taxes When You Sell Your Home

If your home’s value has soared, congratulations. If you decide to sell, beware. Financial advisor James Guarino says some clients don’t realize that home sale profits are potentially taxable until their returns are prepared—and by that time, they may have spent the windfall or invested the money in another house. “They’re not happy campers when…


The Best Stock Investments During a Recession

The Dow Jones Industrial Average has lost roughly 14 percent in the five months of the year. The tech-heavy Nasdaq Composite Index slipped into a bear market by falling 27 percent year-to-date. The S&P 500 is on the bear market’s doorstep by tumbling 18 percent. The latest performances in the stock market could give investors…


How to Choose Between Index Funds and ETFs

When you’re fairly new to investing in the stock market, you’ll need to put some effort into learning some key terminology. Let’s assume you’re a retail investor, not an institutional investor, so you’ll want to determine your best bet for long-term results in your investments. Here are some useful guidelines for how to choose between…


Financial Reasons to Prioritize Your Health

Keeping our priorities straight is a challenge, but it’s essential to prioritize your health. Without a healthy body, everything you’re working for doesn’t mean much. Finances and health are nearly impossible to separate. After all, health care costs money, and making money is a lot simpler when you’re healthy. You may be thinking you just…


The Role of Crypto in the Fintech Industry and the Wider Economy

Over the past couple of years, modern society has witnessed the increasing prevalence and adoption of Blockchain technology. However, for the Padawans out there who think of the Blockchain as a network of nano-bots ready to overtake humanity, the Blockchain is basically just a set of code that records events, and each record is unalterable….


12 Best Personal Finance Books for the Savvy Reader

It’s no secret that many of us are independent learners when it comes to managing our money. After all, according to a 2020 survey by the Council for Economic Education, only 21 states require high school students to take a personal finance course in order to graduate. As such, it’s little wonder adults are relying…


The Pandora Papers Reveals Where the Richest People in the World Are Hiding Their Money

By Kenny Herzog The International Consortium of Investigative Journalists (ICIJ) dropped a bombshell months ago that made ProPublica’s June reporting on billionaires’ tax evasion seem quaint. Dubbed Pandora Papers, the ICIJ’s dossier exposes the vast patchwork of offshore business dealings among world leaders, celebrities, and other public figures. It’s a successor of sorts to the Consortium’s 2016…


Making Sense of Mortgage Options

When you are shopping for a mortgage that fits your limited budget and tight timeline, you’re probably facing two choices: a consumer bank or a mortgage broker. A consumer bank is where you likely have your checking account. Also known as a retail bank, a consumer bank handles basic banking needs such as checking and…


Consumer Bank vs. Mortgage Broker: What’s the Best Option?

When you are shopping for a mortgage that fits your limited budget and tight timeline, you’re probably facing two choices: a consumer bank or a mortgage broker. A consumer bank is where you likely have your checking account. Also known as a retail bank, a consumer bank handles basic banking needs such as checking and…


How to Avoid ‘Rug Pulls,’ the Latest Cryptocurrency Scam

A new type of scam has emerged in the hype-filled world of cryptocurrency: the “rug pull.” The scam, which gets its name from the expression “pulling the rug out,” involves a developer attracting investors to a new cryptocurrency project, then pulling out before the project is built, leaving investors with a worthless currency. It’s part…