New data from Fidelity shows a trend with millionaires who have used 401k accounts to build their wealth. But what are 401k accounts and how can young professionals use them wisely to become the next generation of millionaires?
If you had unused funds in a 529 plan, you could either change the beneficiary or pay taxes and penalties. Now there's a new law that helps families use 529 funds to get a head start on helping their child invest for retirement.
In April of 2022 Twitter accepted an offer from Tesla founder and chief executive officer Elon Musk to be taken private for dozens of billions of dollars. It was viral news, but what happens when a company goes private?
E-commerce giant, Amazon, performed a 20-for-1 split at the end of May 2022. Several other companies have announced their stock splits or date set for shareholders to vote on a stock split. Summer '22 is going to be a hot one!
With the market swinging wildly, bank rates at a low point and inflation at record high levels - what are Americans to do with cash so it doesn't lose too much purchasing power? Data shows many are turning to Series I Bonds!
The Ariel-Schwab Black Investor Survey shows that young Black Americans are closing the investment gap. Their source of inspiration? Social media! This episode kicks off February 2022 in celebration of Black History Month.
In a historic IPO, Rent the Runway. made headlines for being the first to have all women leadership in the C-suite. Now the question is: "Why is it so rare for women leaders to get this kind of support?"
The interesting trend that occurred when casinos closed and sports betting was no longer possible. Why is it so tempting for people who invest to trade stocks instead of investing for the long term?
In Oct 2018 someone won the Mega Millions lottery, gaining around $1.5 Billion., even though you only have a 1 in 330 million chance of winning. However, you can still become a millionaire through investing and saving your money.
Major headlines shared updates about IPOs in late 2020, the year of record-setting IPOs - but it's important to understand how the IPO process actually works and what the pros and cons of IPO investing might be.
From 2009 to 2018 the S&P 500 more than quadrupled. Unfortunately not many young people take advantage of the high ROI through investing in the stock market.
There has been a buzz around two of the largest companies in the US stock market, Apple and Tesla. Many investors and non-investors alike are chatting more and more about recent news related to these companies.
The Coronavirus pandemic is having a global impact. America has seen its biggest stock market drop since the 2008 financial crisis, and companies who depend on factories in China are now stuck with no supply for demand.
Active funds are investing in individual stocks, which is risky as the companies chosen might not do well. Index funds are accounts with lower fees that takes the average of the stock market making it a safer option.
Many people choose to invest in gaming companies, as its market is worth a lot. There are funds where you invest in many different companies, so for those who want to invest but don't know much about games, this can be profitable.
Bonds lend your money to a company or to the government, and they pay you back later with some interest. However there are negative interest rate bonds, which are bought by people who are afraid of investing in riskier investments.
Many young adults are interested in sneaker collecting. This has led to the price of limited editions sneakers to skyrocket and what initially could have been purchased for around a hundred dollars can now be resold for thousands.
People are always interested in companies that decide to do an IPO or inital public offering. This is when companies decide to sell stock on the stock market. However, this may not be the safest investment making.
A community called Financially Independent, Retire Young is a group of very young people that are able to retire early. They do this by saving and investing a majority of their earnings and are now able to live off of that money.