Weedonomics
Marijuana is going to turbocharge the economy. Pot is entirely legal in a number of US states. This givies us the perfect opportunityto examine the effect it has had in those areas, allowing us to see what we can expect Read More
Glossary
6 Short-Term Financial Goals Every 20 Year Old Should Set
It’s essential to establish a well-thought-out plan regarding your finances, no matter how young one is. The first thing you need to do is to identify your short-term goals. Though your long-term goals are just as important, the fundamental approach Read More
Finviz Review: The Pros & Cons to Using This Stock Screener
When looking for investment ideas and tips, stock screeners are a really great idea. The best screeners available provide a large array of different information based on unique criteria, such as P/E ratios or 12-month trailing EPS (earnings per share), Read More
The Nuts and Bolts of How Hedge Funds Work
You may have heard a lot about hedge funds on television and perhaps, in newspapers. What exactly is a hedge fund, and what do they do? Hedge funds have been in existence for several decades since the launch of the Read More
What Is a Short Stock
A short stock is an expression used when you sold shares of a company that you did not own beforehand. Let’s say you expect a stock’s price to drop. Shorting a stock would involve a strategy where you borrow shares Read More
What Is A Long Stock?
Long Stock What is a long stock? A long stock is an expression used when you own shares of a company. It represents a claim on the company’s assets and earnings. As you increase your holdings of a stock, Read More
Price Controls
Definition “Price Controls” are artificial limits that are put on prices. If the limit is put in place to prevent prices from getting too high, they are called Ceilings. If they are in place to prevent the price from getting Read More
The Business Cycle
What Is The Business Cycle? The Business Cycle is the broad, over-stretching cycle of expansion and recession in an economy. The Business Cycle is concerned with many things – unemployment, industrial expansion, inflation rates, but the most important indicator is Read More
Credit Cards
What are Credit Cards? Credit cards is a form of unsecured credit (meaning a loan without collateral) that you can use to make everyday purchases. All credit card purchases are made using a loan – you borrow money from your Read More
Credit – Using Borrowed Money
What Is Credit? “Credit” is when you have the ability to use borrowed money. This can come in many different forms, from credit cards to mortgages. There is a wide range of ways to use credit, which means that it Read More
Credit Reports
Credit Reports are basically a report that contains your credit history – both the good and bad. If you watch late-night TV, you have probably seen a few commercials offering free credit reports, so you might know that these are Read More
What is Economics?
Definition “Economics” is often called the Dismal Science – it studies the trade-offs between making choices. The purpose of economics is to look at the different incentives, assets, and choices facing people, businesses, schools, and governments, and see if there Read More
Contract
Definition A “Contract” is a legally binding agreement between two parties (people, companies, or both). Having a contract means that if one party does not keep their word, the other can sue them in court to either force them to Read More
Banks, Credit Unions, and Savings & Loan Institutions
When talking about Banking, people generally group Banks, Credit Unions, and Savings & Loan companies all in one group. They do provide similar services, but they each have specific differences that might make them a better or worse fit for Read More
Wealth
Definition of Wealth “Wealth” means having an abundance of something desirable. This can be tangible, like money and property, or intangible. Intangible Wealth Just because something does not have a monetary value does not mean it is worthless. Having strong Read More
Money – Types of Stored Value
Definition When we think of money, stored value means anything that isn’t cash, but you can still use to transfer value – checks, debit cards, gift cards, and forms like that. These are used to transport some dollar amount which we can Read More
Spending Plan
Definition of Spending Plan A “Spending Plan” is exactly as it says – a plan of what you will be spending each month. There are usually two parts – your “fixed” spending and your “variable” spending. The fixed part is Read More
Demand
Definition In Economics, “Demand” is the relationship between prices and how much people want to buy a good or service. Details As the market price of a good goes up, the amount of that good that people are willing to pay Read More
Supply
Definition In Economics, “Supply” means the relationship between prices and production. In general, the higher the market price of a good or service is, the more producers are willing to sell of it. Details As the market price for a good Read More
Stock Market Crash of 1929
Definition The stock market crash of 1929 was a massive crash in stock prices on the New York Stock Exchange, and marks the largest financial crash in the United States. Details The stock market crash came in multiple parts – the Read More