The Mega Backdoor Roth takes investing in a traditional 401(k) to the next level for high-income earners. If you meet the eligibility requirements, you could stash an extra $41,500 for retirement in a Roth IRA. However, it’s complicated, and mistakes can be costly. Although the mega option is similar to the backdoor Roth IRA, they’re … Read more
The first known commercial use of Bitcoin was a purchase of two pizzas in 2010 by programmer Laszlo Hanyecz for 10,000 BTC, which is equivalent to roughly $400 million at today’s valuation. Most people had never heard of Bitcoin in 2010, and even fewer would have considered it an investment-worthy asset. But a decade later, … Read more
The population of the United States continues to grow every year as more individuals flock to the U.S. The demand for rental housing increases with this growth. Between 2006 and 2016, the United States grew by 7.6 million households. New homeowners did not increase in the same ten-year period. Invesco Real Estate, one of the … Read more
When Dogecoin (DOGE) first came onto the scene, most people saw it as a joke, including its founder. Then suddenly, even Elon Musk was backing the coin, and its value soared. Now though, the price has dropped, and some are wondering if Dogecoin is just a joke after all. You might be asking yourself: Should … Read more
2021 was the year of cryptocurrency, with popular coins like Bitcoin and Ethereum growing to all-time highs. Of course, Bitcoin and Ethereum are somewhat “established” in the world of crypto, and hence their rise shouldn’t have been too big of a surprise. However, when it comes to investing in cryptocurrencies, there’s one coin that has … Read more
If you’re an owner of an exchange-traded fund (ETF) or index fund, chances are they are from either Vanguard or Blackrock. These two companies are the powerhouses in the industry. Vanguard has $7.9 trillion in assets under management, and Blackrock has $9.5 trillion. This post will take an in-depth look at Vanguard vs. Blackrock funds … Read more
There are many reasons why people get into debt. Many don’t know how to get out of it, but this article will show you what you need to do to get that weight off your shoulders! This post will give you some practical suggestions on how to save money and pay down debts. It is … Read more
What is the difference between envy vs. Jealousy? Envy and Jealousy are feelings we experience when we want something we don’t have. Envy and Jealousy can be destructive and can prevent us from achieving happiness. However, we can overcome it by understanding what they are and what they push us to do. Envy and Jealousy … Read more
If you’re confused about the question “what is a hedge fund?” you are not alone. Part of their allure is their exclusivity and secrecy. Hollywood only adds to that mystique in portraying hedge fund managers, such as the charming yet ruthless Bobby “Axe” Axelrod in the popular TV show Billions. While hedge funds are considered … Read more
Glad you asked that question. Talking averages are always tricky when you are talking about lumpy numbers. The average stock market return is the percentage change in the stock market value for one year or a period of years. Historically, the average stock market return has been roughly 10%, before inflation, annually, from the S&P … Read more
