Are Robo-Advisors Worth Using? The Pros & Cons

A while back, I created a portfolio on Betterment.  Betterment is one of the many robo-advisors available today. I saw the ads and at the time and I figured it was a good way to get into investing.  In general, robo-advisors vastly simplify the process and basically does all of the work for you. I didn't have to worry about muddying the waters of things like ETFs, S&P 500 index funds, and mutual funds. Instead,…

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What Does a Stock Represent?

If you're new to investing (or even if you aren't!), you might ask yourself: what does a stock represent? Simply put, a stock represents a share in the ownership of a publicly-traded company. That's why you might sometimes hear them referred to as "shares." Stocks can come either in the form of preferred stock or common stock. What does a stock represent? A stock represents a "share" in the ownership of a publicly traded company. Investing…

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Ten Best Personal Finance Books of All Time

There are a lot of personal finance books. Sure, not as many as there are blog posts on personal finance, but still. There are a lot of them. So how do you decide which ones are the best ones to read? Ten Best Personal Finance Books of All Time To help answer that question, I've put together a list of the top personal finance books. Adding these books to your collection is sure to set…

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Qualities that make a great landlord

Whether you currently own and manage a number of investment properties, or you’re just starting out, it’s always important to think about the ways you can become a better landlord. To keep you and your tenants happy, take a look at these qualities that every great landlord should have. Good communication Having good communication with your tenants is key. Right from the initial stages of the tenancy to the end, you should always make yourself…

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Preferred Stock vs. Common Stock: The Critical Differences

Did you know there are actually two types of stock? There is common stock - the type most of us know. Then there is the less-talked-about preferred stock. So, what is preferred stock? This is another type of security along with common stocks and bonds. This type of stock is sort of halfway in between the two. It shares some of the advantages - and disadvantages - of both. Preferred Stock Pros Institutional investors buy the…

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401k Contribution Limits: Get the Absolute Latest Info

401k contribution limits are always changing. This is also true for other types of retirement and investment accounts. So, what are the 401k contribution limits for 2019? And are contribution limits the same for Roth 401k? Let's take a look. 401k Contribution Limits 2019 Per the IRS, 401k contribution limits 2019 are $19,000. This is up from $18,500 in 2018 - a modest increase. However, the inflation rate in 2018 was 1.9%. However, the additional…

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