What are BDCs or business development companies? BDC stands for a business development company. This is a type of stock that deals with businesses that invest in other businesses that are small, medium, or distressed businesses. They are somewhat higher risk, but like REITs, typically offer higher than average dividends. A BDC must invest at…
What is Robinhood? Robinhood is an investment brokerage that’s named after the famed fairy tale character of Robinhood, who stole from the rich and gave to the poor. Robinhood named itself in such a manner because they were one of, if not the first investment brokerage that allowed people to invest commission-free. Before Robinhood, most…
What are MLPs or Master Limited Partnerships? MLP stands for a master limited partnership. An MLP basically is a type of stock that exists as a publicly traded limited partnership. Everyone who invests in shares, or rather “units”, of an MLP is technically considered a “limited partner”. Master Limited Partnerships have two different types of…
What is M1 Finance? M1 Finance is an investment brokerage that offers investment and banking services. The unique thing about M1 Finance is that they were one of the first brokerages to offer both commission-free and fractional shares on any stock listed in the US stock market. They did have predecessors like the investment brokerages Stash…
What is a SEP-IRA? Most people know about both traditional and Roth IRAs or individual retirement accounts. Both types of accounts are a type of retirement account that you can open through an investment brokerage and manage all on your own. The traditional IRA is a retirement account that is similar to the traditional 401k…
What is Unest? Unest is a new brokerage account that lets you invest in a particular type of account called a UTMA, which is a tax-advantaged custodial account for kids that allowed parents and other relatives the ability to invest so that the child can use the money for large expenses. It can be used…
What is Qapital? Qapital is a budgeting app similar in nature to the Digit app that I’ve talked about previously. The Qapital app allows you to budget your money by connecting your bank accounts to it and setting up savings or investment goals in the app. After setting up your own specific goals the app…
What is Digit? Digit is a new budgeting and investment app available on both the App and Google Play stores. It allows you to create unlimited savings goals that are like Sofi’s “vaults”. It can help prevent you from getting hit by overdraft fees from your bank by instantly transferring savings over to your bank…
Image from m1finance.com What is M1 Finance? M1 Finance is an investment brokerage that offers investment and banking services. The unique thing about M1 Finance is that they were one of the first brokerages to offer both commission-free and fractional shares on any stock listed in the US stock market. They did have predecessors like…
What are REITs? REITs or real estate investment trusts are a type of stock offered on the stock market. As the name implies, it is a type of stock that deals primarily with all different types of real estate. There are REITs that invest in primarily commercial real estate buildings like those used by stores…
