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March 12, 2024
By
The Admiral Staff
The article addresses how to start investing with a small amount of money, like $100-$200. While significant returns are unlikely initially, it emphasizes the importance of building the saving habit and highlights the potential for long-term growth, referencing a historical Coca-Cola investment example. Due to high brokerage fees, the article recommends using apps like Stash, which offers simple portfolios and a small monthly fee, and currently provides a $5 bonus for new users. Alternatives to stock investing,
February 17, 2024
By
The Admiral Staff
A 58-year-old man with significant assets—$1.4 million in real estate, $800,000 in retirement accounts, and an impending inheritance of two additional houses—is contemplating liquidating his assets into an annuity to secure a substantial monthly income. While annuities can provide guaranteed income and protect against outliving one’s money, the author cautions against it in this case due to the product’s complexity, fees, illiquidity, and potential inflation
January 11, 2024
By
The Admiral Staff
This article explores RV loans as a way to finance the purchase of a recreational vehicle, which can range from $35,000 to $300,000. RV loans function similarly to auto loans but often have longer terms (potentially up to 20 years) and higher interest rates (typically 4-6%). The article outlines financing options including dealership loans, bank/credit union loans, and personal loans, emphasizing the importance of comparing rates and pre-approval.
January 2, 2024
By
The Admiral Staff
The article encourages readers to overcome common obstacles preventing them from investing, arguing that it’s a key way to build wealth. It addresses concerns like lack of knowledge (suggesting apps like Stash for beginners), fear of losing money (emphasizing a long-term perspective and historical market returns), procrastination (“it’ll never be the right time”), and affordability (highlighting the ability to start with small amounts and invest in fractional shares). The overall message is to start investing now, as time in
December 26, 2023
By
The Admiral Staff
Acorns Spend is a new checking account linked to an investment account designed to make investing easy. It offers a $75 bonus for setting up direct deposit, automatically rounds up purchases to invest spare change, and allows users to invest a percentage of direct deposits. The app manages investment portfolios based on user goals, utilizing ETFs, and costs $3 per month with no overdraft fees or minimum balances.
