An ETF (Exchange-Traded Fund) is a fairly new invention and they are getting very popular. An ETF is similar to an index fund. It tracks a particular index like an index fund, but it is traded like a stock. This means that an ETF has a ticker symbol and you can buy it by the share. Exchange Traded Funds can also track commodities such as gold and silver. This is a great way … [Read more...] about What is an ETF?
Archives for November 2013
What is a Bond?
A bond is a form of investment. Simply put, a bond is debt. When you buy a bond you are basically offering a loan to a company or government, and the entity that you borrow from is then in debt to you; unlike a stock where you own a share (or a piece) of a company, with a bond you are just loaning the money for a certain amount of time. Note: This article is for the … [Read more...] about What is a Bond?
INVEST – Let Your Money Work for You
Once you have paid off your debt (with the exception of your mortgage), you are ready to start seriously investing. The only exception for investing before you are debt free is retirement. It's never too early to start investing some amount into a retirement account, whether it be through your work's plan or on your own plan. Retirement should be an automatic amount … [Read more...] about INVEST – Let Your Money Work for You
DEBT – Dump Your Debt
This is a quick guide on dumping your debt. Debt comes in many forms, such as mortgages, credit cards, loans and ways you've never imagined. Nowadays, people find new, innovative ways to get themselves buried in it everyday. It's an art really. This brings me to my first point: How We View Debt Debt is not our friend. In fact, it's the enemy. Racking up debt by … [Read more...] about DEBT – Dump Your Debt
PLAN – Be Prepared for Anything
Unexpected events are some of the only events we can expect. How do you expect the unexpected? You need a plan. It's important to be prepared. Financially, there is one major step to take that can leave you feeling secure. An emergency fund. An emergency fund is the most important foundation of your financial health. No matter where you are in your financial … [Read more...] about PLAN – Be Prepared for Anything