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How to Invest in the S&P 500: What You Need to Know
Does it make sense for ALL investors to invest in the S&P 500? What if youâre not 100% comfortable investing all your money in the stock market? This article looks at how the S&P 500 works, along with some pros and cons of investing in the S&P 500, so you can make a more informed decision for YOUR portfolio.
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How to Invest Your Inheritance
When a loved one passes away, you may receive an inheritance. This money is a token of the personâs appreciation for you and often represents a lifetime of savings. When youâve received a large sum of money, there is a ⦠Continue reading â
The post How to Invest Your Inheritance appeared first on SmartAsset Blog.
How Long Can a Trust Remain Open After Death?
If you leave a trust to a loved one, itâs probably because you want to ensure that they are taken care of after you are gone. But that very act may cause you to wonder how long can a trust ⦠Continue reading â
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20 Checking Accounts for Bad Credit for 2022
Executive Deferred Compensation Plans
Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you ⦠Continue reading â
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10 Useless Purchases You Need to Stop Making
What is a robo-advisor? An introduction to automated investment tools
One of the joys of writing a money blog like Get Rich Slowly is the continuing self-education. I’m always reading and learning about personal finance. A lot of the times — as in the past month — this education is about esoteric topics. I’m currently diving deep into the history of personal finance, a subject that’s interesting to me but admittedly not of much practical use in the modern world. (Today in the mail, I got a book about advertising and the use of credit during the 1920s. How’s that for esoteric?)
But sometimes, this self-education does have practical uses, and it’s stuff that I can share with you folks so that you too can become better educated.
For instance, I have a huge blind spot when it comes to so-called “robo-advisors”. When I stopped writing here in 2012, robo-advisors existed but they hadn’t yet become a Big Deal. By the time I re-purchased this site in 2017, things had changed. Robo-advisors had become a major force in the investment industry — and I was clueless about what they were.
I’ve remained (mostly) clueless for almost three years now. I have a general idea of what robo-advisors are and how they operate, but only in the broadest sense. During our weekly planning call on Monday, I mentioned this blind spot to my business partner, Tom.
“You should write about robo-advisors,” Tom said. “If you don’t know what they are, I’ll bet there are plenty of readers who don’t know either. Do some research, write it up, and then everybody benefits.”
Tom is a smart man.
Here then is my research into the world of robo-advisors. What are they? How do they work? And who should use them? Let’s find out.
Best Robinhood Alternatives: 10 Online Brokers Like Robinhood
For years, people have loved Robinhood for their easy-to-use mobile app and commission fee trades, but the meme-stock scandal left investors feeling disenfranchised. The good news is that several competitors have emerged to give investors more choice. Here are ten of the best Robinhood alternatives to consider if you’re shopping for an online broker like Robinhood.
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Money for Nothing: How to Build a âCouch Potatoâ Portfolio
Want to grow wealth but donât want to have to spend hours poring over your investment portfolio or investment decisions? If so, a lazy portfolio may be right for you. Lazy portfolios are designed to generate returns without requiring constant ⦠Continue reading â
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