Most new investors place market orders which essentially authorize their broker to buy or sell a given security as soon as possible at the best available price. Their use of a market order instead of a limit order can result in paying more for a share than they expect or selling shares for less than they expect.
The same investor could potentially save several cents a share by placing a limit order. Limit orders can be [ More.. ]
Like many baby boomers, gay and lesbian retirees are looking for affordable and safe places to live out their autumn years. While many have the financial resources to invest, their options have been limited and many have felt it necessary to return to the closet in order to comfortably integrate with existing retirement communities.
Considering estimates that 400,000 gay men and lesbians in the United States turn 60 every year it’s no surprise communities are finally [ More.. ]
The road to $1 million starts early, but there’s hope and help for late bloomers. The table below shows how much you would need to save each month to accumulate one million dollars by age 65, along with strategies for fitting retirement saving into the rest of your life.
[ More.. ]
Upside-Down Loans refer to loans on which the borrower owes more than the value of the asset for which the loan was used to purchase. Upside-down loans occur when the asset depreciates in value, or was overvalued when the buyer purchased the asset. While it’s common for auto loans with small down payments to be “upside-down” initially due to the large depreciation which occurs during a new cars first two years, an increasing number of [ More.. ]
A recession is a period of economic retraction; in macroeconomics it is defined as two or more consecutive quarters of decline in the Gross Domestic Product (GDP). Economists rely on the Business Cycle Dating Committee at the National Bureau of Economic Research (NBER) to officially declare recessions using more advanced metrics. This official designation is of limited value as it’s often declared several months after a recession has begun.
[ More.. ]
Most financial advisors recommend keeping an emergency fund of 3 to 6 months salary. If you, like most, don’t have that money on hand, saving it during a bear market can prove quite problematic. One great option for those who do not have an emergency fund but own a home is a Home Equity Line Of Credit or HELOC. A HELOC, like a home equity loan, requires property to be pledged as security for the [ More.. ]
Six Sigma is a highly disciplined approach to decision making that helps people focus on improving processes to make them as near perfect as possible. The term “Six Sigma” relates to the number of mathematical defects in a process. Six Sigma practitioners focus on systematically eliminating the defects so they can get as close to “zero defects” as possible.
[ More.. ]
How can you find out how long it will take to double your money when you invest it at a certain interest rate? The answer is surprisingly simple using what investment professionals call the 72 rule which simply states:
To find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to [ More.. ]
