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Tip of the Day Consolidate Your Loans

Consolidate Your Loans - No matter how many loans you have, they are generally all sitting at different interest rates, so the trick to saving money is to shop around...

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Accounting

Definition: Accounting is a field that is responsible for generating financial reports about a company's performance and financial health.  These reports are used both in-house and by outside parties.

Advice: When it comes to investing, accounting is one of the most important fields to learn because it's important to be able to read financial statements.  Accounting in the US follows Generally Accepted Accounting Principles (GAAP).  Managerial accounting is used by people within the company to make financial decisions, while financial accounting is typically used by outside investors and lenders.

 

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Definition of the Day Margin Trading

Margin Trading - Margin Trading is a brokerage account that allows the investors to buy securities by borrowing a portion of the purchase price. The National Association of Securities Dealers (NADD), in the New York Stock Exchange (NYSE), and the lending brokerage firm, governs margin accounts. Stocks purchased in two...

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