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 your financial needs. What They Have In Common All three of these institutions can do Read More…
wealth

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 connections with friends and family is often considered a major component of wealth – since Read More…
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 later exchange for goods and services. Each of these forms of stored value have their Read More…
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 usually the same every month, with things like rent/mortgage payments, grocery bills, insurance, and car Read More…
Contest: December Trading Contest Final Portfolio Value: $117,803.89 (+17.80%) Trading Strategy For This Contest I’ll be general with my strategy so what I have done is I kept a max 5 stocks so it is easy to manage and chose which stock to buy wisely. (BUY WHAT YOU KNOW) that’s pretty much it 🙂 Final Read More…
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 generally goes down. This is because each person puts some value on the good – Read More…
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 goes up, companies want to sell more of it to try to make greater profits. Read More…
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 initial crash on October 28 (a 12.87% drop) continued into October 29 (a 11.73% drop), Read More…
Definition The Federal Reserve Bank, or the “Fed”, is the central banking system of the United States. It serves as the primary regulator of the US dollar, as well as the “lender of last resort” for other banks. Regulating Currency The Federal Reserve works to maintain the interest rates that banks use to lend money to Read More…
Definition The Reserve Requirement is how much of all deposits that a bank is required to keep “on hand”, meaning in its vaults, or on deposit at the Federal Reserve Bank (in the United States). Details The “Reserve Requirement” is about 10% of all money that has been deposited at a bank. Because of how Read More…
Definition: Money creation is accomplished through a system of borrowing and lending. Until the 1970’s, it was based on the total reserves of gold and silver. Details on Money Creation: Money is created principally by standards set by the federal reserve / central bank. The central bank will determine the amount loaned to it’s commercial Read More…
How Is Money Created? In the United States (and many other countries), the question “How is money created?” comes up a lot. The treasury isn’t just printing cash all day, if they were the government debt would be zero! In the US, money is created as a form of debt. Banks create loans for people Read More…
Definition Cottage Industry, or the “Putting Out System” is a production system of producing goods that relies on producing goods, or parts of goods, by craftsmen at home, or small workshops, instead of large factories. History “Cottage Industry” describes the methodology that was used to produce most goods throughout human history, up until the end Read More…
Definition: “OHLC” stands for “Open, High, Low, Close”, and this is a chart designed to help illustrate the movement of a stock’s price over time (typically a trading day, hour, or minute) OHLC are very useful for provide quick visual details, especially for technical analysis. Details on OHLC Charts OHLC charts are also known as Read More…
Contest: Second November Investing Contest Final Rank: 5 Final Portfolio Value: $112,017.03 (+12.01%) Trading Strategy For This Contest I looked for low prices stocks breaking new highs and held on for a couple minutes or over night, then I sold them, sometimes shorting stocks that are too hyped up Performance Over The Total Contest Click Read More…
Definition “Wall Street” is a street in New York City, near the southern end of Manhattan Island. It is the home of the New York Stock Exchange, and the biggest center of stock trading and finance in the world. History Before New York was New York, it was a Dutch colony called New Amsterdam, which Read More…
Definition The New York Stock Exchange (or NYSE) is the largest stock exchange in the world. Think of it as an organized, fast-paced flea market where buyers and sellers from all over the world come to trade U.S. stocks (and now some foreign shares as well). It is where over 2,800 of the biggest U.S. Read More…
Contest: October First Daily Challenge Final Rank: 3 Final Portfolio Value: $102,112.25 (+2.11%) Day Trading Strategy For This Contest For this day-trading contest, my big winners were the triple-leveraged ETFs (Click Here for a list of leveraged ETFs!) and . is a triple-leveraged Bear Oil ETF, so when oil goes down by 1%, this ETF Read More…
Contest: October First Weekly Challenge Final Rank: 1 Final Portfolio Value: $116,943.82 (+16.94%) Trading Strategy For This Contest I select highly volatile and liquid stocks / ETFs to trade, paying attention to how they behave (gap up/down) the 1st 15 min of the opening session. Final Open Positions and Portfolio Allocation Performance Over The Total Read More…
Contest: October First Daily Contest Final Rank: 6 Final Portfolio Value: $101,341.05 (+1.34%) Day Trading Strategy For This Contest I usually focus on Lower priced stocks because they tend to be more volatile. Tuesday however didn’t have very many stocks doing what I prefer to trade, so I pretty much picked one of the top Read More…