Many hold their finances as much in secret as their intimate relationships. However, learning how to invest your money can make a big difference in your financial future.
When you have a strategy that works for you, you’ll be better prepared to save money for the initial investment and retirement. It’s a good rule of thumb to save up anywhere from $500 to $1,000 to get started investing.
When the concept of investing in the stock market is introduced, most people are thinking about stocks. These individual stocks are essentially small pieces of ownership in a company.
The easiest way to describe a bond is to describe it as a form of debt. When you invest in a bond, the money is given to a borrower, and their repayment of that money is given to you, plus interest.