Key Takeaway: The cost of a Social Security card is free, regardless if it’s your first card or a replacement card. There are two ways to apply for a Social Security card: online or in-person at a Social Security Administration office. The online application is the most convenient and quickest way to get a card….
Key Takeaway: Liquid investments are assets that can easily be converted to cash without causing a significant change in the price of the asset. Cash, short-term marketable securities, exchange-traded funds (ETFs), mutual funds, commercial paper, and bonds are all examples of liquid investments. The advantages of liquid investments include easy access to cash, low risk,…
Key Takeaways: 506c investments are a type of private placement investment that is exempt from registration requirements with the SEC, allowing companies to raise capital without going public. The basics of 506c offerings include restrictions on who can invest, strict disclosure requirements, and the need to work with qualified investors and accredited investors. The advantages…
Key Takeaway: Systematic Investment Plan (SIP) is a disciplined approach to investing in mutual funds that allows investors to invest small amounts of money at regular intervals over a period of time. SIP helps investors benefit from the power of compounding, reduce the risk of market volatility, and achieve their long-term financial goals. It also…
Key Takeaway: Investing in gold and other precious metals can be a safe haven during a dollar crash, as they retain their value and have a history of being a hedge against inflation. Real estate can also be a good investment during a dollar crash, as it is a tangible asset that retains value and…
Key Takeaway: Listed Investment Companies (LICs) are publicly-traded companies that invest in a portfolio of assets, including stocks, bonds, and other financial instruments. This allows investors to gain exposure to a diversified investment portfolio, even with a small investment. LICs are professionally managed, which can help to reduce investment risk and improve performance. Additionally, they…
Key Takeaways: Full pension refers to the maximum retirement benefit that a person is entitled to receive from a pension plan, Social Security, or military service, based on certain eligibility requirements and factors such as age, years of service, and contributions. There are different types of full pension, including Social Security full retirement benefits, pension…
Key Takeaway: Check your eligibility for Social Security: You must be a certain age, have a certain number of work credits, and meet other requirements to be eligible for Social Security benefits. Use the Social Security Administration’s online Benefits Eligibility Screening Tool to see if you qualify. Gather required documents for Social Security application: You…
Key Takeaway: The trade life cycle in investment banking refers to the process of a trade from the initial pre-trade activities through to post-trade activities such as clearing and settlement. The importance of trade life cycle management lies in mitigating operational risks, enhancing operational efficiency, and ensuring regulatory compliance. Some key activities in the trade…
Key Takeaway: There are two main types of pension plans: defined benefit pension plans and defined contribution pension plans. Defined benefit plans provide a specified retirement benefit based on a specific formula, while defined contribution plans allow employees and employers to contribute to a retirement account. Pension plans work by employees making contributions, employers potentially…
Key Takeaway: Defensive investment is a strategy used to protect against economic downturns and preserve capital. By diversifying your portfolio with defensive investments like bonds, dividend stocks, cash equivalents, and defensive ETFs, you can reduce volatility and increase stability in your portfolio. The benefits of defensive investment include preservation of capital, protection against economic downturns,…
Key Takeaway: A 401k investment is a retirement savings plan that allows employees to contribute a portion of their pre-tax income into an investment account, with the goal of building a nest egg for retirement. 401k investment plans offer several benefits, including employer contributions, tax advantages, and investment growth through compound interest. There are also…