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PERSONAL FINANCE
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Written by Sean Pollock
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 It takes time to build wealth and it can't just happen overnight, no matter what anyone tells you. But in order to invest successfully you also need definite investment goals and a strategy. Are you saving for retirement or are you seeking additional income? Do you invest to save for college or are you looking to build wealth? These are a few examples of what your investment goals can be. Your investment tactics will be different depending on your answer. So ask yourself what you are truly looking to achieve by investing money before you do. If your res ...
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PERSONAL FINANCE
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Written by Sean Pollock
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Would it be nice to see your money doubled? Sounds too good to be true? Not really. Every savings account, every money market account, any annuity has a potential to double your initial investment, if you keep it in for long enough. The question is how long should you wait to see your investment doubled? In general, how do you estimate the return on your long term investment? The first answer that comes to mind is to find the interest for the first year and multiply it by the number of years you expect to keep your account intact seems quite logical, but is not right. We jus ...
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PERSONAL FINANCE
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Written by Sean Pollock
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 "Don't put all your eggs in one basket," is a refrain you'll keep hearing when it comes to investing. In 'money' words that means "don't put all your money in just one or two stocks." If you want to protect your investments from falling, you need to spread your money across different stocks or bonds. That's called diversification, and it helps you retain your investments, in case the market turns against you.
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PERSONAL FINANCE
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Written by Sean Pollock
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Mutual funds are professionally managed investments pooled from many investors. The investors' money is being invested into stocks, bonds, money markets, and other similar securities to achieve the fund's stated goals. Depending on their objective and management style, mutual funds can be of different types, which is reflected in their name.
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PERSONAL FINANCE
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Written by Sean Pollock
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What is an Annuity?
Annuity provides you with guaranteed income in retirement until the end of your life and no matter how markets shift. By bying an annuity you essentially protect yourself against two risks:
You can use annuity to:
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