Ben Woolsey is Investopedia’s Senior Credit Card Editor. He has over 30 years of experience in the financial services industry, including marketing for banking and financial institutions such as Associates First Capital and Bank One. Prior to Investopedia, he managed credit card content for CreditCards.com and Bankrate.com.
Mutual Fund vs. ETF: An Overview Mutual funds and exchange-traded funds (ETFs) have a lot in common. Both types of funds consist of a mix of many different assets and represent a popular way for investors to diversify. While mutual funds and ETFs are similar in many respects, they also have some key differences. A…
Together home renovations can add value to your home, but there are ways to improve your home without going into debt or destroying your savings. Painting, grouting tiles, and pressure washing your home’s exterior won’t cost much, but these do-it-yourself upgrades can add real value to your home. With a certain sweat fairness, a do-it-yourself…
To many, Web3 is a concept that is equal parts promising and distant. Naturally, as the conversation continues to grow, many are now confused about where Web3 can be accessed, especially with the sheer number of self-proclaimed “decentralized applications” better thrown as “dApps” that are supposedly running and available. The caveat is that many of…
When considering investments for your 401(k) plan, you may see options listed as target date funds or lifecycle funds. It is in fact the same type of fund. They are structured to minimize risk and maximize returns on a specific date. Target date or lifecycle funds automate some aspects of portfolio management, and they’re ideal…
What is the optimal time to devote to choosing a health insurance to plan? Health insurance is complicated, but most people, no matter how educated, turn out to be bad at making that choice. It’s confusing even for people who understand all the terms, such as deductible and copayment, according to a report by the…
What is face value? Par value is a financial term used to describe the nominal or dollar value of a security, as quoted by its issuer. For shares, the par value is the original cost of the share, as shown on the certificate. For bonds, this is the amount paid to the holder at maturity,…