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Tip of the Day

Tip of the Day Stocks First, Bonds Later

Stocks First, Bonds Later - One of the most common mistakes made by investors today is age. Yep, that is right. You should invest in the stock market...

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Uniform Gift to Minors Act (UGMA)

Definition: The Uniform Gift to Minors Act (UGMA) allows minors to own securities, such as stocks. 

Advice: Prior to the UGMA, young investors would have to have a trust set up in order to invest in the stock market.  However, the UGMA allows parents to set up investment accounts for their kids, so long as the child has an appointed custodian on the account to oversee it.

The UTMA is an extension to the UGMA.

 

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Definition of the Day Confidence Level

Confidence Level - the confidence level is a measure on the likelihood a company will reach its goals... It’s generally an equation or degree of certainty that a company is capable of living up to its business plan, or promises.  Some companies use a simple and effective way of judging...

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