Certified Financial Planner: What Is A CFP?
When you search for a financial advisor, you probably come across plenty of candidates with a “CFP” designation after their names. This acronym indicates you’re looking at a certified financial…
Dow Jones Industrial Average: What Is the DJIA?
The DJIA is a stock index that tracks the share prices of 30 of the largest U.S. companies. Like the S&P 500, the DJIA is often used to describe the…
What Is The S&P 500? How Does It Work?
The S&P 500 is a stock index that tracks the share prices of 500 of the largest public companies in the United States. Formally known as the Standard & Poor’s…
How Diversification Works, And Why You Need It
Diversification is an investing strategy used to manage risk. Rather than concentrate money in a single company, industry, sector, or asset class, investors diversify their investments across various companies, industries,…
Investing Basics: What Are Dividends?
A dividend is a payment in cash or stock that public companies distribute to their shareholders. Income investors prefer to earn a steady income from dividends without needing to sell…
Fixed-Income Basics: What Is A Bond?
When you buy bonds, you’re providing a loan to the bond issuer, who has agreed to pay you interest and return your money on a specific date in the future.…
Investing Basics: What Are Stocks?
Stocks are units of ownership in a company, also known as shares of stock or equities. When you buy a share of stock, you’re purchasing a partial ownership stake in…
International Money Transfer: 4 Best Ways To Send Money
According to World Bank data, people in the U.S. send a hefty $74.6 billion to individuals in low- and middle-income countries each year. Meanwhile, transaction costs for international money transfers…
What Is A Recession?
A recession is a significant decline in economic activity that lasts for months or even years. Experts declare a recession when a nation’s economy experiences harmful gross domestic product (GDP),…
