Is Investing Gambling?

There is a thin line that differentiates investing and gambling. We might consider professional gamblers—poker players, for example—a breed of speculative investors. Of course, we might also call investment professionals who take wild risks in financial markets gamblers. No matter how skilled the card shark or how practiced the investing maven, one thing is certain: […]

Finance 101: How Do Banks Make Money?

Have you ever wondered why your checking account is free? Obviously, it’s not because your bank is feeling charitable. Big banks make big money. The kind of money that leads to the obscene Wall Street bonuses we so often hear about. But banks make money even when they’re not involved in Wall Street’s multinational investment […]

4 Reasons Not To Use Rewards Credit Cards

Do You Make This Dangerous Credit Card Mistake

That cash back credit card may not be as rewarding as you think. Here are four reasons not to use rewards credit cards — consider them carefully before you sign up.

A Turning Point for Gen. Y Financial Literacy?

Four years ago, nearly dozing off in class, I thought to myself: “What if I borrow a million dollars, hide it somewhere then declare bankruptcy?” The idea seemed as diabolically ingenious as a well-planned bank heist. And I actually considered it! Today, of course, I realize how foolish that idea was and that pulling it […]