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December 22, 2023
By
The Admiral Staff
As retirement nears, it’s crucial to shift from wealth accumulation to wealth preservation. Experts recommend six steps: understanding your financial stage (entering the “pre-retirement” phase), updating your financial plan to account for potential expenses and tax changes, considering a financial advisor, optimizing your 401(k) by reducing risk and diversifying investments, carefully evaluating whether to roll over your 401(k) to an IRA, and being prepared to adjust your plans if necessary. The article
December 9, 2023
By
The Admiral Staff
The article cautions against the allure of day trading, arguing that it’s far more difficult and risky than it appears. Predicting daily stock returns is akin to a coin toss, and humans often misinterpret patterns as meaningful when they’re simply due to chance. Day trading also incurs significant expenses, including equipment, data services, and commissions. While some professionals succeed through sophisticated resources, most independent day traders struggle to achieve long-term profitability. The article suggests practicing with simulated accounts and emphasizes the importance of
December 3, 2023
By
The Admiral Staff
This article explains how to interpret stock quotes to make informed investment decisions. It breaks down stock quote information into three categories: how a stock is trading now (bid, ask, closing, opening price, market cap), how it has traded in the past (52-week range, volume), and what a share represents (dividend yield, earnings per share, price-to-earnings ratio). Understanding these elements – like volume, beta, and market capitalization – helps investors assess a stock’s risk
September 26, 2023
By
The Admiral Staff
A 1970 Washington quarter is currently listed on eBay for $35,000 due to a minting error. The quarter was struck over a 1941 Canadian quarter, and faint remnants of the original currency, including the year “1941” and the outline of King George VI’s head, are visible on the U.S. quarter. Coin collectors are keenly interested in this unique error coin.
July 28, 2023
By
The Admiral Staff
The article explores creative ways to invest a single dollar, gathered from a survey of people across various professions. Responses ranged from practical investments like buying seeds for future harvests or saving the dollar, to more whimsical ideas like lottery tickets, candy for office morale, or a bingo card for fun. Others suggested investing in knowledge (coffee and conversation, a newspaper), supporting others (clean water initiatives, a homeless person), or nurturing relationships (cards, baking bread). Ultimately, the piece highlights that even a small amount
