An annuity is a contract that takes in cash and then pays a fixed income stream to its holder for a set period of time. As retirement nears, the shift … Read more →

A fundamental lesson of business school is that the best kind of financing is free financing using OPM — Other People’s Money. You see this all the time in business. … Read more →

A joint account is an asset or account with more than one owner. For a variety of reasons, financial accounts might be owned by more than one person. Usually, this … Read more →

Robert Shiller, the Yale professor best known for predicting the dot-com crash and the later housing debacle, just called bitcoin a bubble. Not sure what bitcoin is? You’re not alone. … Read more →

A real estate investment trust (REIT) type of security that holds real estate investments. Much the way a mutual fund holds shares of many companies, a real estate investment trust (REIT) owns real … Read more →

It has been more than a year since British voters decided to leave the European Union, a huge and costly divorce that promises to take years to fully enact. Five … Read more →

Actively managed funds buy and sell investments rather than buy and hold them. Investors typically compare a mutual fund’s performance against the return of the entire stock market. In an … Read more →

There are millions of things to know about finances and investing, literally thousands of pages of law, math and history. Yet an amazing 70% of Americans can’t answer three questions … Read more →

A mid-cap stock is a stock issued by a company defined as medium-sized, as opposed to large or small. For investors, company size is not about sales, number of employees … Read more →

Investment banks do a lot of investing. Besides raising money for businesses, many of our largest banks also simply invest. That means they buy and sell a lot of investments exactly … Read more →