Fueled by COVID lockdowns and the rise of commission free brokerages like Robinhood online trading or day trading has seen a huge rise in popularity in the last few years However according to several recent financial studies almost all day traders lose lots of money particularly after accounting for fees and taxes If you're considering self-directed investing peter with richonplanning and erinkennedy break down the pros and the cons and Peter offers these considerations before you create an online trading account Consider Your Approach and Expectations if your expenses are covered by income and you are making contributions downturns can [... more]

Followers of Reddit a social media discussion site are buying up shares of troubled companies by the truckload And this unusual activity is severely affecting the Wall Street hedge funds and causing quite a panic On the next MoneyWise Live hosts Rob West and Steve Moore have the details Then they rsquo ll take your calls and questions on various financial topics It rsquo s the rebels vs the establishment on Wall Street on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

As COVID related shutdowns drag on many Americans continue to struggle with lost income But the good news is there are still plenty of ways to make money on the side On the next MoneyWise Live hosts Rob West and Steve Moore share some ways you can earn extra cash in your ldquo down time rdquo Then they rsquo ll take your calls and questions on any financial topic Money making ideas on the next MoneyWise Live at pm Eastern pm Central on Moody Radio nbsp [... more]

Day trading payday loans and get-rich-quick schemes are obviously dangerous But there are also some less obvious money moves that can also be hazardous to your wealth On the next Moneywise Live hosts Rob West and Steve Moore share some tactics that if you rsquo re not careful could separate you from your hard-earned cash It rsquo s five bad money moves on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]