As you seek out a financial professional, you are apt to come across individuals who call themselves financial planners. It's a phrase that encompasses many types of services and skills. Here's what you need to know about financial planners.
When you first enter the real world, it can be scary. For all you learned in high school or college, many of us are left feeling unprepared for the responsibilities that come with setting out on your own. This can be particularly true when it comes to managing your finances.
Think of the various types of investments as tools that can help you achieve your financial goals. Each broad investment type—from bank products to stocks and bonds—has its own general set of features, risk factors and ways in which they can be used by investors.
Learn more about the various types of investments below.
When you’re young, it’s easy to fall into the trap of thinking there’s no rush to save for retirement. But before you know it, you may find yourself in your 50s or 60s, and nowhere near your retirement savings goal.
As you prepare to invest, it's important to set aside some money—about the equivalent of 3 to 6 months' of living expenses—in an emergency fund. There are times when people become ill or are injured in accidents. Employers lay off workers. If something unexpected happens to you, having the money you need to pay the medical bills or see you through the weeks or even months of being out of work will help to keep you out of debt. If you already have investments, an emergency fund also will help you meet your expenses without disrupting your investment plan.
The best place for your emergency fund is in a liquid (easily accessible) account. A liquid account might be a regular savings account at a bank or credit union that provides some return on your deposit, and from which your funds can still be withdrawn at any time without penalty.
To earn a slightly higher interest rate, some people choose a certificate of deposit, or CD, for their emergency...
We are issuing this investor guidance to provide some basic facts to investors about the practice of purchasing securities on margin, and to alert investors to the risks involved with trading securities in a margin account.
The Securities Industry Essentials® (SIE®) Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.
Passing the SIE alone does not qualify an individual for registration with a FINRA member firm or to engage in securities business. In order to become registered to engage in securities business, an individual must pass the SIE and a qualification exam appropriate for the type of business the individual will engage in. The individual must be associated with a member firm to take a qualification exam.
Americans are expected to spend a record $20.7 billion for Valentine's Day gifts and entertainment in 2019, according to a survey sponsored by the National Retail Federation (NRF). This is up from $19.6 billion in 2018. Individual consumers will spend an average of $161.96, up from $143.56 last year, the NRF said, a 13 percent increase.
Before you go on a spending spree to show your love, try a different tactic this year and get on the same page with your partner about debt. It might just be the key to building a stable and happy future together.
Here is checklist to help guide the conversation:
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