Tag: Invest

How to Invest Money: A Beginner’s Guide 2024

Greta
How to Invest Money: A Beginner’s Guide 2024

Investing your money in the stock market can result in an excellent return, which is why so many people choose this route to reach their long-term financial goals. But investing can seem scary and intimidating, especially to first-time investors. Luckily, there are several options considered the best investments for beginners that suit a range of goals, budgets, and comfort levels. This guide will cover the most common options, but a financial advisor can help you identify your best options and provide support while you navigate your first investments.

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Best investments to get started

Just getting started with investing and wondering how to earn money on your savings? Here are a few ways to get started.

1. High-yield savings account (HYSA)

If you want higher returns on your money but are nervous about investing, consider opening a high-yield savings account. An HYSA offers a much higher APY than a traditional savings account, which allows you to maximize your return on your money without the risk of investing it.

While you are shopping around to find the best HYSA, keep in mind that other factors should be considered in addition to the APY offered. Read the terms of each HYSA you’re considering carefully, looking for information about minimum balances or annual fees to help you find the best option for you.

Western Alliance Bank High-Yield Savings Premier

Min. balance to earn

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How to Invest Money in 2024

Greta
How to Invest Money in 2024

Investing money in the stock market is one of the main ways to build wealth and save for long-term goals such as retirement. But figuring out the best strategy to invest that money can feel daunting. That doesn’t need to be the case, though — there are several straightforward, beginner-friendly ways to invest.

Investing money is personal

Everyone has a unique financial situation. The best way to invest depends on your personal preferences and financial circumstances.

Here’s a five-step process that can help you figure out how to invest your money right now:

Here’s how to put your cash to work right away.

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per online equity trade

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Promotion 

Get up to $700

when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.

How to invest money

1. Give your money a goal

Figuring out how to invest money starts with determining your investing goals, when you need or want to achieve them and your comfort level with risk for

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How to Buy Gold: 4 Ways to Invest in 2024

Greta
How to Buy Gold: 4 Ways to Invest in 2024

What do Scrooge McDuck and King Midas have in common? Hint: It’s not a well-diversified portfolio. They’re both heavily invested in gold.

Gold is doing well so far in 2024, amid high inflation and rising interest rates. Investors tend to rush into buying gold (and other metals) when they’re concerned about other assets or the broader economy, and the recession fears of 2022-2023 have elevated those worries. You may have read that Costco recently began selling — and selling out of — gold bars.

But while owning gold sounds cool, and can be a hedge during a stock market downturn, figuring out how to buy gold comes with some unique challenges.

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NerdWallet rating 

4.9

/5
NerdWallet rating 

5.0

/5
NerdWallet rating 

4.1

/5

Fees 

$0

per online equity trade

Promotion 

None

no promotion available at this time

Promotion 

None

no promotion available at this time

Promotion 

Get up to $700

when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.

Is gold a good investment?

Gold has a reputation for being a recession-friendly investment — when the stock market has a big pullback, the price of gold often goes

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How to Invest in TIPS: Treasury Inflation-Protected Securities | Investing

Greta
How to Invest in TIPS: Treasury Inflation-Protected Securities | Investing

Key Takeaways:

  • Treasury inflation-protected securities (TIPS) offer inflation protection, appealing to investors when rising inflation is a concern.
  • Unlike traditional bonds, TIPS adjust principal and interest payments based on consumer price index changes.
  • TIPS may be advantageous for inflation protection, but they historically underperform stocks in the long run.
  • TIPS are generally seen as a wealth protection tool rather than a wealth-building instrument.

A fixed-income investment designed to outpace inflation sounds appealing.

That’s the idea behind Treasury inflation-protected securities (TIPS), which are Treasury securities with principal and interest payments that are adjusted for inflation.

Many investors are drawn to these bonds in an era of rising inflation. Here’s a look at what TIPS are, and whether they’re a sound investment as inflation remains stubbornly sticky:

Here’s a short rundown of TIPS’ key characteristics.

  • Principal protection. When you buy a TIPS bond, you are guaranteed to receive its full face value at maturity. This means that even if there is deflation, and the consumer price index (CPI) decreases, the principal value of your TIPS bond won’t be reduced.
  • Interest payments. The interest payments on TIPS bonds are adjusted for inflation. The interest rate, also known as the coupon rate, is fixed at issuance, but the interest payments adjust with changes in inflation. As the CPI rises, interest payments increase, giving investors a hedge against inflation.
  • Taxation. Although TIPS bonds protect against inflation, they’re still subject to federal income tax on interest payments and any capital gains. However, investors don’t incur state or local income taxes on interest earned from TIPS.

Unlike traditional bonds, TIPS adjust both principal and interest payments based on changes in the CPI. The idea is that TIPS can help investors maintain purchasing power when prices are

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Black Women Invest Expands Chapters Offers Tips For Beginners

Greta
Black Women Invest Expands Chapters Offers Tips For Beginners
Black Women Invest Expands Chapters Offers Tips For Beginners

by Jeroslyn JoVonn

November 19, 2023

Schelo D. Collier introduced a 13,000-member neighborhood aimed at acquiring Black women to spend.

Satisfy Schelo D. Collier, a visionary leader in finance and genuine estate financial commitment who released a 13,000-member neighborhood aimed at acquiring Black ladies to make investments.

Black Gals Spend is aimed at empowering Black Gals to excel in their fiscal pursuits. Released just after Collier dropped her “dream position,” she embarked on a mission to align women who seem like her and who want to just take the guide in securing their economical long term.

“I was determined to start Black Females Commit immediately after my “dream job” finished abruptly. I was instantly confronted with the realization that my economic properly-getting was truly up to me,” she tells BLACK Business.

“If I ongoing to rely on somebody else to write my checks, then this situation could materialize once again,” she adds. “So, I went on a search to discover like-minded gals who had been also on their expenditure journeys. I wanted a supportive community having said that, the research unveiled a shocking deficiency of committed platforms for Black Females. In its place, I found that much more groups were being focused on saving and budgeting—not investing. Hence, I started out Black Girls Devote to supply Black females with a risk-free location to prosper and study tangible investing procedures collectively.”

With a passion for breaking stigmas all over investing, Collier has witnessed extra gals stick to budgeting rather than using an energetic initiative in investing their money.

“Some of the most important stigmas I hear contain the false impression that you want a ton of income to devote, which is much from the truth of the matter,” she says. “First, women need instruction, and then they have to have

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How To Invest In Stocks: Best Ways For Beginners To Get Started

Greta
How To Invest In Stocks: Best Ways For Beginners To Get Started

Investing in shares is a wonderful way to build prosperity by harnessing the electrical power of growing businesses. Having begun can sense daunting for several inexperienced persons searching to get into the inventory current market inspite of the possible prolonged-term gains, but you can start out acquiring inventory in minutes.

So how specifically do you spend in stocks? It’s in fact rather straightforward and you have various approaches to do it. Just one of the simplest techniques is to open an on-line brokerage account and purchase stocks or stock money. If you are not snug with that, you can work with a skilled to regulate your portfolio, often for a sensible charge. Possibly way, you can commit in stocks on the internet and get started with little dollars.

Here’s how to spend in shares and the basics on how to get started in the stock market place even if you do not know that a lot about investing suitable now.

Investing in stocks: 4 quick actions to get begun

So you want to start out investing in stocks? Here’s a 4-stage checklist to help get you heading:

  1. Choose how you want to devote
  2. Open up an investment decision account
  3. Come to a decision what to devote in
  4. Ascertain how considerably you can devote – then buy

1. Select how you want to commit

These times you have quite a few options when it arrives to investing, so you can really match your investing design and style to your expertise and how significantly time and power you want to commit investing. You can commit as considerably or as little time as you want on investing.

Here’s your first major determination position: How will your dollars be managed?

  • A human experienced: This “do-it-for-me” option is a excellent alternative for these who want
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