As a new investor, you are probably keen on making money when allocating your funds in an investment account, like a mutual fund, 401(k) or directly in the stock market. However, what is often forgotten is that, like any other financial service, there are likely fees to contend with at every corner.
Technological advances in financial and investment tools give investors a myriad of options, including online trading. Online trading accounts can benefit many types of investors, from the beginner who needs assistance getting an investment plan started to the knowledgeable investor who can use the online trading tools to pursue an investment strategy.
We caught up with Akshay on what he learned from his Tip'd Off journey, from the day he started it to the day it got acquired. While admittedly, it was a very hard decision for Akshay and his cofounders to sell Tip'd Off. They just couldn't let go of this opportunity of a successful exit, with their investors and employees in mind as well.
The Class of 2015 is trading in its caps and gowns for suits and ties, and a wave of college grads are hitting the workforce. This also means a new crop of workers will begin saving in a 401(k) for the very first time. Even though retirement might seem like a lifetime away for most 20-somethings, the earlier you start saving, the easier the path to retirement can be.
I've stated repeatedly that a massive amount of stimulus has been required to generate GDP growth of just 2.0%-2.5% annually since the end of the Great Recession (June 2009). We have further said that the removal or reversal of some of these stimulants will be a tough hurdle for the economy to overcome.
As the nation's full retirement age edges closer to 70, it means a 22-year-old college graduate has nearly 50 years to save and invest. That's why solid money habits built early can make an enormous difference, even for young people who can't afford to put away more than a few dollars a week at the start.