What Is an Asset? In personal finance, an asset is anything you own or control that produces economic value, future profits, or positive cash flow. Assets broadly differ in form and can be tangible (touchable) or intangible (untouchable). However, as long as it is producing positive economic value, it is considered an asset. The key
What Is NIO? NIO is a Chinese-based company that specializes in designing, manufacturing, and selling electric vehicles. The company was founded in November 2014 by William Li Bin, a Chinese entrepreneur. NIO has been hitting headlines recently after the stock price increased 240% over the past year. The question is whether NIO can become the next
What is Compound Interest? Compound interest refers to the continuous addition of interest to a principal sum. In other words, when reoccurring interest payments are reinvested into an initial sum, it results in exponential growth. This is because each reinvested interest payment will be larger than the last. To clarify, compound interest occurs when there
What is the Stock Market? The stock market is a collection of markets and exchanges where people buy and sell shares of publicly-held companies. A trade will occur when someone has shares they want to sell for cash, and another person has cash they want to use to buy shares. You will execute the trade
What is a 401(k)? A 401(k) is a retirement account that the employer sponsors. This account allows employees to prepare for their retirement by dedicating a percentage of their pre-taxed income to a separate account. In other words, you will place every pay period a percentage of the income you earn from your employer into
What is a CD? (Certificate of Deposit) A Certificate of Deposit is a savings account with a fixed interest rate and a fixed withdrawal date. In addition, CDs require a specific initial deposit that will be held until the maturity date. Another important feature to understand is that typically the longer the time deposit, the
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