Posts by Jeff Rose, CFP®:
What Might Happen if You Invest $100 in Bitcoin Today?
Jeff Rose, CFP® |
Bitcoin is the oldest and best-known of the modern crop of digital currencies. It’s a cryptocurrency, or digital currency, not backed by any government. That makes it very different from the US dollar, and it comes with unique risks that could make Bitcoin a good or bad investment, depending on your unique investment goals. If you’re looking into cryptocurrency for …
READ MOREEmpower (Formerly Personal Capital) Review – Managing All Your Investments in One Place
Jeff Rose, CFP® |
One thing that I have craved for investors is a tool that allows you to sync all your financial accounts – your investment portfolio, checking and savings accounts, credit cards, and other loan accounts – in one place and then provides an investment-related analysis of your entire portfolio. Mint does a fantastic job of giving you numbers but falls short …
READ MORESaveBetter (Raisin) Review: The Best Place to Go for High-Interest Savings?
Jeff Rose, CFP® |
NOTE: In June 2023, Savebetter by Raisin rebranded to simply Raisin for better brand awareness If this past year has taught us anything, it’s that investments that seem too good to be true almost always are. Many investors were burned by ‘can’t miss’ tech stocks and could only watch as the value of digital assets, like cryptocurrencies and NFTs, evaporated …
READ MOREBeware of WhatsApp Scams
Jeff Rose, CFP® |
In response to a wave of scam calls plaguing WhatsApp users, the popular messaging company has issued a statement outlining its efforts to combat the fraudulent activities. The scams involve individuals receiving calls from fake international numbers, causing concern and confusion among users. WhatsApp has implemented spam detection technology to identify and take action against accounts engaging in suspicious behavior …
READ MOREHow to Achieve Important Long-Term Financial Goals
Jeff Rose, CFP® |
Long-term goals aren’t easy to achieve. But why? Could it be that motivation wanes over time? Perhaps external circumstances change. Maybe it has to do with the feasibility of the goals. Many people have trouble sticking to something over the course of a single year let alone several years or decades. Perhaps that’s why long-term goals – like most financial …
READ MOREUnderstanding the Basics of Contributory IRA: A Comprehensive Guide
Jeff Rose, CFP® |
A Contributory IRA, otherwise known as a traditional IRA, is a retirement savings account that allows individuals to make contributions from their earned income. The contributions made to the account may be tax-deductible or non-deductible, depending on the individual’s income level and participation in an employer-sponsored retirement plan. Contributory IRA accounts are held by custodians, such as banks, brokerage firms, …
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