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Building wealth takes time and patience, but it also requires you to take real, actionable steps with your money. After all, you won’t get rich by keeping your extra cash under your mattress and hoping for the best. You have to invest your money if you want it to start growing to its full potential. […]
10 Ways to Start Investing with $100 Read More »
The post Is Robinhood Gold Worth It? appeared first on Millennial Money. When you start investing in the stock market, it pays to keep things simple. The trick is to find a trading app that is easy to use and intuitive so you can start building your portfolio right away. One such mobile app is
Is Robinhood Gold Worth It? Read More »
From its humble beginnings in 2008 to today, Bitcoin’s history has been relatively short but very eventful. The original protocol for this popular digital currency was created in 2008 by Satoshi Nakamoto, believed to be a pseudonym for an unknown developer or group of developers. Nakamoto launched the Bitcoin network just a year later and
Bitcoin Historical Annual Returns (10 Years, 5 Years, 3 Years, 1 Year) Read More »
Bitcoin is the oldest and best known of the modern crop of digital currencies. It’s a cryptocurrency, or digital currency, not backed by any government. That makes it very different from the US dollar, and it comes with unique risks that could make Bitcoin a good or bad investment, depending on your unique investment goals.
What Might Happen if You Invest $100 in Bitcoin Today? Read More »
By the end of 2021, the S&P 500 had risen 26.61% and the Dow Jones Industrial Average had grown by 18.65%. For those who had just begun investing in the stock market, as well as investors who had considerable sums of money in equities, it almost felt as if one could do no wrong. Fast
Best Short and Long-Term Investments of 2022 Read More »
The post Investing During a Market Downturn appeared first on Millennial Money. What’s the best — and safest — way to invest during a market downturn? Maybe the best advice is to stick to your plan. A solid financial plan allows you to invest the way you want, regardless of which way the market is
Investing During a Market Downturn Read More »
The post What is the 1% Rule in Real Estate? appeared first on Millennial Money. When you’re investing in a property, the thing that probably matters most to you is making money. You’re not getting into this business to have fun or to get a place where you can visit sometimes and let your friends
What is the 1% Rule in Real Estate? Read More »
Cryptocurrency exchanges are platforms that allow users to trade cryptos, and they’re broadly distinguished as either centralized exchanges (CEXes) or decentralized exchanges (DEXes). Most people invest in crypto on a centralized exchange, and that may be the more accessible and safer option for average users. But it’s also important to understand decentralized exchanges, which you
What’s the Difference Between Centralized and Decentralized Crypto Exchanges? Read More »
Transferring money from an old 401(k) or IRA account to a new IRA is called a rollover. If you’ve changed jobs and your retirement funds are scattered across multiple accounts—or want a new IRA provider to manage all your retirement funds—a rollover IRA might be for you. An IRA rollover allows you to transfer money
How Do IRA Rollovers Work? Read More »
The post Tips for Tax-Efficient Investing appeared first on Millennial Money. There’s no getting around it: If you invest, you’re going to have to pay federal income taxes. The sooner you come to terms with this, the better. The main reason you need to pay attention to taxes as an investor is that they can
Tips for Tax-Efficient Investing Read More »
The post How to Buy Bonds appeared first on Millennial Money. One of the biggest mistakes that young investors make is they put all of their efforts into the stock market—investing only in individual stocks and funds. In addition to investing in the stock market, it’s also a good idea to purchase other types of
In order to store your own crypto, you’ll need access to a crypto wallet. Hardware wallets and custodial wallets are some of the safest ways to store your crypto, but there are advantages and drawbacks to both options. As you’ll learn, crypto users may have a strong preference for one over the other. It’s not
What Are the Safest Ways to Store Crypto? Read More »
Target-date funds are retirement accounts that choose investments for you based on your expected retirement age. As you get closer to retirement, target-date funds will automatically shift your asset allocation away from high-risk securities toward a more conservative asset mix. Target-date funds rebalance themselves, allowing the investor to take a more hands-off approach to retirement
What Are Target-Date Funds? Read More »
Buying and selling cryptocurrencies is similar to trading stocks in some ways, but there are also a few significant differences—including the alternative ways you can use crypto to make money. That includes crypto staking, which is unique to certain types of crypto, and crypto loans, which is similar to lending other types of assets and
What’s the Difference Between Crypto Lending and Staking? Read More »
When it comes to investment apps and platforms, there are hundreds of options available with more introduced each passing year. This obviously begs the question: What are the best investing apps for the average person who wants to trade stocks, invest in crypto, or build long-term wealth? Unfortunately, there is no perfect answer when it
The 8 Best Investment Apps of 2022 – Updated for June Read More »
As investors become more experienced, many are moving beyond traditional buy-and-hold investing and transitioning into trading. It’s not an investment strategy for everyone, but like everything else in life, you can get better with time and practice. If you’re a trader, we’ve prepared this list of the 10 best trading platforms for 2022 to help
10 Best Online Trading Platforms of 2022 – Updated for June Read More »
If you’re someone who keeps an eye on the regular news, you have probably noticed some pretty crazy headlines regarding something called an “NFT.” For example, there was this article from CNBC with the headline, “Meet the 12-year-old coder set to earn over $400,000 selling NFTs,” which explained the tween’s process for buying and selling
What is an NFT and Should You Invest in One? Read More »
Do other people’s financial success stories ever make you feel a little… inept? You’ve heard about them: People like the 28-year-old who made so many wise investments she retired last year. Or that school teacher turned stock trader who now teaches school only because he loves his students, not because he needs the salary. We
Investing Essentials for Beginners & Intermediates Read More »
If you’re a beginner investor, or if you haven’t quite gotten started – perhaps because you think you need a lot of money or you’re not sure what the best investment is – you’ll need to learn the basics. That will eliminate many of the myths and even convince you there’s no reason not to
Investing for Beginners: Learn the Basics of Investing in 2022 Read More »
When the markets are in turmoil and inflation is increasing, investors become very concerned about their money. Interest rates are creeping up but the national average on savings accounts is still around 0.5%. Where is an investor supposed to park their money and make a decent return without a ton of risk? One surprising answer is the
How to Buy Series I Bonds at 9.62%: Step by Step Tutorial Read More »
