Money Explained

The stock market is a mechanism through which buyers and sellers exchange ownership stakes in public companies. It is simultaneously one of the most powerful … Read more

A high-yield savings account (HYSA) is a savings account that pays significantly more interest than a traditional bank savings account — typically 4 to 5 … Read more

An Individual Retirement Account (IRA) is a tax-advantaged investment account that allows anyone with earned income to save for retirement outside of an employer-sponsored plan. … Read more

Compound interest is the process by which interest earns interest — where the return on an investment is added to the principal, and the combined … Read more

A budget is a plan for how income will be allocated across expenses, savings, and debt payments over a defined period — typically a month. … Read more

Saving and investing are both essential components of financial health, and they serve different purposes in a financial plan. Confusing them — treating a savings … Read more

Your net worth is the single most useful financial metric available — more informative than income, more revealing than any individual account balance, and the … Read more

Diversification is one of the most fundamental principles in investing, and also one of the most misunderstood. It is not simply owning many investments — … Read more

The employer 401k match is the closest thing to free money available in the financial system — and a significant proportion of employees who have … Read more

Tax-loss harvesting is a strategy for reducing your tax bill by deliberately selling investments that have declined in value, capturing the capital loss on paper, … Read more