investments

Tag Archives for investments.

Best IRA Accounts: 8 Companies Compared (Self-Directed, Apps, & Roboadvisors)

Also see: 

A couple weeks ago, I wrote about Acorns, an app I think is a great place to get started with investing (especially for millennials). Talking about investing is dicey. For one, because it’s personal (duh). For that reason, everyone has an opinion on it. And that’s where the confusion starts.

My view is: it doesn’t matter where you begin, so long as you do. You can always switch things around later. To that end, I feel Acorns has the most approachable interface for a beginner “despite” costing $1 a month. And there’s no minimum to start investing.

best ira accounts

The best time to plant a tree was 20 years ago. The second best time is RIGHT THIS SECOND. Start NOW!

That said, it’s an app and doesn’t let you choose your own funds (you pick from their portfolios). Same with StashWealthsimple, and Betterment. Of course, you’ll get the best deal with a self-directed account – but the minimums are dauntingly high for a beginner, with the exception of TD Ameritrade.

I’ll compare these companies for expenses, account and fund minimums, and quirky extras:

I am focusing on IRAs here – although they all have the option to simply be an investment account (which is why I excluded Robinhood – they do NOT have IRAs).

8 Best IRA Accounts Compared

Read More

Acorns: A Simple Way for Beginners to Invest (And You Should!)

Lately, I’m concerned with helping my 24-year-old brother develop healthy financial habits. I didn’t take control of my financial life until I was nearly 30. And god I wish I could get back those early years. Why?

Compound interest is the most powerful force in the universe.

The earlier you start, the longer your money grows. It’s a simple concept. But so many peeps put off investing.

It’s perceived as complicated, overwhelming, and something to fear. The financial industry made sure you feel that way so you’ll overpay some bozo to manage your finances. Don’t get tricked. Get smart – and fast. Your financial future is an out-of-control emergency you can’t afford to sleep on.

It doesn’t matter where you start. Just as long as you do start.

acorns app review

Am I crazy about Acorns? No. But it’s a great place to begin

Acorns is a micro-investing app that will fit the bill nicely. Here’s my review.

Why Acorns?

Read More

Airbnb First Month By the Numbers

I have set up an Airbnb here in NYC as a new income stream.

There has been a lot of spilled ink about Airbnb lately, especially in New York where it is a VERY hot topic, to say the least. I work in real estate, so am particularly close to the issue.

I found an ideal one bedroom apartment in New York’s East Village neighborhood for $2,300 a month. And then I spent a lot of money on it. This post is about exploring the investment and starting up this side income stream with a focus on numbers. REAL numbers (except my electricity bill which I have to estimate.)

Cash outlay

Read More