Month: November 2022

MStudioImages | E+ | Getty Images

If you’re one of the masses of new Series I bond owners, there are a few things to weigh before cashing in your assets, experts say.

Investors purchased nearly $7 billion in I bonds in October, according to the US Department of the Treasury, with $979 million flooding into I bonds on Oct. 28, the deadline to lock in 9.62% annual interest for six months.

You can’t access the money for at least one year and there’s a penalty for redeeming I bonds within five years. If you cash in your I bonds before that five-year mark, you’ll lose the previous three months of interest.

More from Personal Finance:
The Treasury announced a new Series I bond rate of 6.89% for the next six months
4 ways to take advantage of health-care expenses before the end of the year
‘Typically good for markets’: What

…
Read More

Could you turn $0 to $10,000 within a year? If you’re willing to put in the work, there are ways to do it.

With most $0 to $10,000 challenges you find online, participants usually look for “free stuff” they can sell or trade. From there, they invest time and energy into “trading up” to better stuff that can make money, or they create a business strategy that helps them grow their initial cash into something bigger.

If I were to try to grow $0 to $10,000, I would start with proven strategies, including the easy ones everyone should be doing! Most of all, I would focus on the steps I have used to build wealth for my family.

Here are five steps almost anyone could take to grow $0 into $500, which can turn into $5,000, $10,000, or more within a year. And yes, I include plenty of examples to

…
Read More

Microstrategy founder and bitcoin evangelist Michael Saylor had some strong words about fallen FTX founder and one-time billionaire Sam Bankman-Fried (SBF).

“I think this [crypto] crash accelerates regulatory intervention,” Saylor said on Yahoo Finance Live (video above). “I mean, in fact, in a sense, SBF is like the Jordan Belfort of the crypto era. Instead of ‘The Wolf of Wall Street,’ they’ll make a movie called ‘The King of Crypto.'”

Belfort famously was found guilty of stock market manipulation in 1999 and spent 22 months in prison. He was then portrayed by Leonardo DiCaprio in the 2013 movie “The Wolf of Wall Street.”

Bankman-Fried has given plenty of fodder to his haters within the past week, helping to trigger a crypto crisis that could turn out to be another movie-making event.

FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS

FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by

…
Read More

If you have $500 to invest right now, you probably feel on top of the world. While that’s not a ton of money, it’s better than nothing – and way more than enough to start building toward the lifestyle you want. 

Many multi-millionaires started investing small sums, even $10 or $25 per month! The key to making your $500 grow is to put in an investment that suits your risk tolerance and goals and add more regularly.

13 Best Ways to Invest $500

But what’s the best way to invest $500? After all, there are quite a few places to stash $500 that can make sense for your goal. If you have $500 or more to spare and are ready to invest today, here are the 13 best ways to invest for the short-term or the long haul.

1. Invest in the Stock Market 

The stock market is one of

…
Read More