Basically…A Millennial Explores Finance
Category: Assets
A year or so ago, I could barely keep up with the firehose of information about SPACs. Now SPACs, as well as the general IPO market, have crumbled. I went to a recent alumni event to meet current Accounting major students of my Alma Mater, Indiana University. Out of curiosity I mentioned SPACs to them, … Continue reading SPAC That!
If you’re like me and follow business news with any sense of regularity, you noticed that in 2020 aside from well, everything else going on, 2020 was being called Year of the SPAC, or SPAC IPO. Now again if you’re anything like me you read those words and thought, “What on earth is a SPAC?”
This company had an IPO! They’re Going Public! If you’ve ever heard that statement and wondered what it means, you’re not alone. IPO stands for Initial Public Offering, which is when a company goes public. Oh, you don’t know what that means either? This article is long and has a lot of background around initial … Continue reading More than you ever wanted to know about IPOs
In an earlier post, WTF is a 401(k) I spent a lot of time … ranting about pensions, and explaining why a 401(k) system is better. I didn't, however, spend a lot of time explaining what a 401(k) actually is. So today I’d like to explain a bit about the different options for retirement accounts … Continue reading Save Me From Retirement
How the Coronavirus is affecting the Stock Market (and what to do about it).
For most people, I’m guessing that only time they interact with the stock market is when they’re at the airport or some other public place, and see the tickers go by. You hear the phrases, things like “Markets are down today”, or “Stocks really took a hit”, or maybe even “Dow’s up 200 points”. But … Continue reading What is the stock market?
In Episode 9 of the first season of the Bad With Money podcast, Gaby Dunn asked financial expert Sallie Krawcheck “What is a stock?”, and I began to realize how large the knowledge gap is in financial literacy. That episode was the initial inspiration I had for starting this blog, because I knew I could … Continue reading What is a Stock?
In the realm of personal finance, one of the first pieces of advice you’ll hear is to take advantage of your company's’ 401(k) match. This assumes two things. First, that you work in a traditional corporate environment that offers a 401(k) with a match. Second, it assumes you know what that what a 401(k) is. … Continue reading WTF is a 401(k)?
The question Debit or Credit is really asking how are you paying for this transaction, on a debit card, or a credit card?
Woah, back up. You’re probably reading this thinking, “Really, Jesse?” I know what cash is. My thing is, like… Do you though? Most people have a general understanding of cash. It’s our money! The term cash is commonly used to describe money I can hold in my hand, particularly paper money. You wouldn’t look at … Continue reading What is cash?
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