Plain-English explanations of financial concepts, products, and how money actually works.
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
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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
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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
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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
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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
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An exchange-traded fund is a collection of securities — stocks, bonds, or other assets — that trades on a stock exchange like an individual stock. … Read more
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Life insurance is one of the most underutilised financial protections for people with dependants and one of the most oversold financial products for those who … Read more
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A mutual fund pools money from many investors to buy a collection of securities — stocks, bonds, or both — managed according to a stated … Read more
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Rebalancing is one of the most straightforward and consistently recommended practices in long-term investing — and one of the most commonly ignored. It is the … Read more
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A bond is a loan. When you buy a bond, you are lending money to the issuer — a government, a corporation, or a municipality … Read more
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