An ETF is an Exchange Traded Fund. An ETF is a special type of mutual fund that can be bought and sold on a major stock exchange using its ticker symbol. Because it is traded on a major exchange, it is considered an exchange traded fund.
If you want to buy stock in a foreign company, one of the most useful tools you have is an ADR. An ADR is an American Depository Receipt. If you have ever bought shares of a foreign company through your brokerage, you most likely purchased an ADR.
I’ve had bad financial education in the past and now trying to fix all of these errors which I’ve made. Currently I have 4 loans from Sallie Mae which are total to $30000. Two of these loans have APR of 7.75%, one loan has 9.25% and one has 10.25%. This is quite ridiculous in my opinion, and I need some advice on how to fix it. What would you suggest?
Reader Question: Big Student Loans Read More »
If you are about to head to college or have a future student in the house, it is a good idea to understand all of the extra fees you might be getting yourself into. This is no surprise too me, a six year student (four undergrad, two grad), that college costs a lot more than the sticker price.
College Fees You Didn’t Think About Read More »
The Wall Street Journal reported today that Friday’s string of bank failures brings the total number of failures since September 25, 2008 to 279. The FDIC lists 829 banks as “problem banks,” indicating that bank failures are far from over.
How Bank Failures Impact Consumers Read More »
I once had a professor give my class a speech about using our financial knowledge for good. If you have read every post on this blog, you are in the top few million (probably higher) most financially educated people in the country. You can use that power to better your life, but it can also be used to hurt people.
The Most Dangerous Weapon: Compound Interest Read More »
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