Investing

Credit scoring models and factors that do/don’t influence your credit score are confusing concepts for many consumers, especially with recent changes to scoring practices (e.g., medical debt no longer factoring into credit scores). You probably already know of the major factors influencing your credit score – low credit utilization, on-time payment history, etc. – but what about the little-known factors that could also hurt or improve your score? Let’s take a closer look at 7 surprising things that can affect your credit score for better or … [Read more...] about Top 7 Surprising Things that Can Significantly Impact Your Credit Score

Note - I'm an affiliate of Tally. While all of the opinions are my own (like always), but I'll receive a small commission if you slick on a link and choose to sign up. These commissions help keep Money Q&A going. Wouldn’t it be great if there was a magical calculator that told you exactly how much you needed to pay towards what cards/loans in order to stretch your dollar furthest? Surprise: it already exists in the form of an automated debt management app called Tally. Commonly described as a “robo-advisor for credit card debt,” … [Read more...] about Tally Review – An Automated Debt Manager in a Smartphone App

Getting the best returns on your investments involves so much more than just buying and selling stocks at the right moment. Maximizing portfolio returns also demands closer attention to how you’re trading investments, such as getting the lowest possible price when purchasing stocks and selling while prices are still high. You can never fully predict which way the market might swing for your favorite industries and investments, but you can minimize your risk and maximize gains with limit orders. This unique trading strategy involves price … [Read more...] about What Are Limit Orders? And Why You Should Definitely Use Them to Trade Stocks

Some of the most common benchmarks in the world of stock investing are the Dow Jones Industrial Average (also referred to as just “the Dow”) and Standard and Poor’s 500 (also referred to as simply “S&P 500”). These stock market indexes are often confused for one another, but they have many differences that are important for investors to understand. The Dow vs S&P 500 Wondering what differentiates the Dow from the S&P 500 index? Here’s what you need to know. Dow Jones Industrial Average The Dow Jones Industrial Average … [Read more...] about The Difference Between the Dow Industrial Average and S&P 500 Index