Yuichiro Chino/Getty Images The Nasdaq stock index has had a phenomenal run over the last decade, rising an average of 14.2 percent annually and turning an initial $10,000 investment into more than $37,700. And investors have some easy ways to ride the Nasdaq using exchange-traded funds (ETFs). Here are three ways to play the Nasdaq
A growing list of companies have begun offering investments inside their 401(k) plans that promise a way for workers to generate steady income during retirement. These investments combine target-date funds, a popular 401(k) investment, with annuities, an insurance contract that promises a stream of lifetime payments. Global asset manager BlackRock is leading the way with
Key takeaways Under the Equal Credit Opportunity Act, lenders can’t discriminate against applicants because of their age. As a result, seniors — like people in other age groups — can get mortgages if they meet a lender’s approval criteria. However, seniors may find it harder to qualify for a new home loan if they have
Warren Buffett is one of the greatest investors of all time, building Berkshire Hathaway from a struggling textile manufacturer to the nearly $900 billion conglomerate it is today. Buffett’s investment performance was achieved by following a set of basic principles that all investors can learn from, even if they don’t lead to the same results.
The wind continues to blow in the wrong direction for mortgage borrowers. — Greg McBride, Bankrate Chief Financial Analyst As homebuyers grapple with record prices this spring, mortgage rates have also crept up. On a 30-year fixed loan, the average rate was 7.39 percent as of May 1, according to Bankrate’s survey of large lenders,
Key takeaways Mortgage rates are affected by market factors like inflation, the cost of borrowing, bond yields and risk. Mortgage rates are also affected by personal financial factors, such as your down payment, income, assets and credit history. Mortgage rates have thrown Americans for a wild ride in recent years, plunging to record lows during
As warmer weather signals the beginning of spring, it may be time to tidy up your finances. Many Americans use personal loans to apply spring-cleaning principles to their finances in the form of debt consolidation. Though some choose to lean on a balance transfer credit card with a low promotional rate, others are clearing out
Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. Key takeaways Addressing wedding debt early on in a marriage is crucial for reducing stress and building a strong foundation for the relationship. Monetary wedding gifts, the debt snowball or avalanche