by AJ Franklin | Jul 28, 2023 | Wealth Management
Personal debt is used in economics to relay the outstanding debt of consumers. Personal debt is primarily amassed through consumption and not investment. In the United States, the average amount of debt per U.S. adult amounted to $58,604 in 2023. The total personal...
by AJ Franklin | Jul 28, 2023 | Economics, Investments
A Coverdell Education Savings Account (ESA) is a trust account created by the United States Government to assist families in funding educational expenses for beneficiaries. These beneficiaries must be under the age of 18 when the account is opened. Funds in a...
by AJ Franklin | Jul 26, 2023 | Investments
Agency bonds, also known as an agency debt, are not fully guaranteed the same way that U.S. Treasury and municipal bonds are. Agency bonds are issued by a government-sponsored enterprise or by a federal department that is not the U.S. Treasury. Most agency bonds are...
by AJ Franklin | Jul 26, 2023 | Investments
Common types of derivatives include futures contracts, forwards, options, and swaps. Derivatives can be a convenient way to achieve financial goals but can also include counterparty risk, inherent risks of leverage, and systemic risks. What Is a Derivative? Derivative...
by AJ Franklin | Jul 25, 2023 | Economics
A commodity is a basic good that is used in commerce and is interchangeable with other commodities of the same type. Commodities can be directly bought and sold in the cash market or by derivatives such as futures or options by investors and traders. High-risk...
