Monty Rakusen/Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways A business equipment loan is designed specifically for buying equipment and is secured by the equipment…
Nearly one-third of American adults (30 percent) who looked for financial advice in 2023 turned to social media, according to Bankrate’s Financial Security Survey. Younger Americans are even more likely than the average to seek…
Mortgage rates remained near a three-month low this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked up to 6.65% from last week’s reading of 6.63%. The average rate on a…
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. Key takeaways Bad credit business loans are…
Thomas Barwick/Getty Images Key takeaways An open-end fund adds and removes shares as they are bought and sold. A closed-end fund is static with a fixed number of shares. Mutual funds can be open- or closed-end, though open-end is most common. Open-end and closed-end funds have a lot in common.…
Starting an emergency fund is often highlighted as a crucial aspect of personal finance, but we don’t talk as much about when you should tap into that money. For example, if someone faces an unexpected car repair bill, should they dip into their emergency fund or explore other financial avenues?…
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Should you buy the dip? The phrase “buy the dip” means jumping into the stock market after it’s fallen, hoping to scoop up some bargains while they’re available. It’s a popular rallying cry on social…
