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January 30, 2024
By
The Admiral Staff
This article highlights 25 popular personal finance books offering guidance on improving financial literacy and achieving financial success. Recommendations range from classic titles like “The Total Money Makeover” and “Rich Dad Poor Dad” to newer options like “Financial Feminist” and “Get Good With Money.” Topics covered include debt payoff, investing, budgeting, wealth building, navigating financial crises, and understanding the psychology of money. The article also suggests resources like podcasts and browser extensions for further financial assistance.
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.
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
March 27, 2023
By
The Admiral Staff
The article advises investors not to panic during stock market downturns, drawing a parallel to “The Tortoise and the Hare.” It explains that retirement accounts like 401(k)s and IRAs are designed for long-term growth, with a shift towards less risky investments as retirement nears. Instead of selling during a slump, the article recommends continuing regular contributions, utilizing dollar-cost averaging, and checking in on your portfolio quarterly rather than daily. Consulting a financial planner and maintaining a long
