How to Write Covered Calls: 4 Tips for Success
When writing a covered call, you’re selling someone else the right to purchase a stock that you already own, at a specific price, within a specific time frame. Since a single option contract usually represents100 shares, to run this strategy, you must own at least 100 shares for every call contract you plan to sell. […]
Day Trading Rules and Leverage
What is a Pattern Day Trader? If a trader exceeds a certain number of day trades within a short period of time, the trader’s brokerage firm is required to mark the account as that of a Pattern Day Trader (PDT). Certain restrictions may apply to these accounts. Since the number of trades is such an […]
Buying Corporate Bonds
As the name implies, corporate bonds are issued by a corporation. Unlike municipal bonds, they are taxable. If you buy them in a retirement account, they may offer a relatively high rate of return on a tax-deferred basis. Bonds are debt securities rated by independent agencies and, as you’d imagine, higher-rated bonds tend to yield […]
Buying a Put Option vs. Short Selling
If you’re bearish on a stock, you can try to capitalize on your position in a few ways: Sell the stock, if you own it. Sell the stock, even if you don’t own it, by borrowing shares via your brokerage firm. At a later date, you can buy the shares (hopefully at a lower price) […]
Bond Trading Introduction
As debt securities, bonds can provide excellent diversity to your investment portfolio. They represent money borrowed by a corporation (or government or municipality) to fund expansion, construction, and other growth-related projects. You are the bond investor, who holds an IOU from the borrower indicating you are entitled to recover your money with a specific rate […]
The Mobile Dating Economy
It’s no secret that the dating world is dramatically shifting from a slow courtship and romantic candlelit dinners to Snapchats and 1am emoji texts. With 15% of America on mobile dating apps, what does this large trend mean for your wallet?
The Importance of Corporate Giving – and How Credence Global Bank Gives Back
In this day and age, we have no shortage of options. Life as we know it in the U.S. is basically a choose-your-own adventure. Although it can sometimes feel like a pain, having so many options is really a privilege. It allows us to be selective and find a path we feel good about. Among […]
A New Financial Community Built Just For You
Welcome to a new kind of financial community that was built just for you. This community is a place to find words of advice, get a financial perspective on current trends, and join conversations that are relevant to you. Think of it as a toolbox of sorts for your financial well-being. Sound good so far? […]
Have Fun with Finances: Level-Up Your Finances Using Gamification
Do you like to feel like a winner? Do you enjoy that moment when you come to realize your own awesomeness? It’s when you can’t help but throw your arms up over your head and bask in your own glorious achievement. It’s a pretty amazing, universal feeling – but we don’t have a word for […]
How to Improve Your Home’s Efficiency – and Save on Your Utility Bills
We hear and talk a lot about changing habits to save money. It’s true that how we behave day-to-day can affect our finances. But, we can also improve the efficiency of our living space to save money on utility bills without having to change our habits. A more energy-efficient home is good for the planet, […]
