TessMore Finance Blog

Securing a great savings account interest rate is one of the easiest ways to earn income on your cash deposits. However, with so many banks and savings accounts to choose from, the process can be time-consuming. SaveBetter is a new savings account platform that simplifies the research process and finds industry-leading offers from its FDIC-insured banking partners. The high-yield savings and CD rates you get through SaveBetter are often higher than what’s available to the general public. In this SaveBetter review, I analyze their offers, let you know how good the savings rates are, and if the platform is legit. Table of Contents What Is SaveBetter? Savings Account Promotions Who Can Use SaveBetter? Who Should Use SaveBetter? Deposit Account Options High-Yield Savings Accounts High-Yield CDs No-Penalty CDs What are SaveBetter Fees? SaveBetter Partner Banks How Does SaveBetter Work? Create an Account Compare Offers Fund New Account Manage Accounts Year-End Ta

With technological advancement, methods of investing have also revolutionized with digital avenues to invest in options, forex, stocks, etc. Although investment and trading have become easier and more accessible to more people, the risk of failure is also high. A petty wrong move and you can lose all of the money you invested. Many platforms for trading and investments have also evolved, making it easier for people without technical knowledge to make investments. But how to ensure that their money doesn’t go in vain? It is where the platform comes in that is selling and buying strategies based on different criteria and rules. These strategies can be replicated with real money to make returns on investments. But how do you ensure that these strategies won’t fail? You can ensure that stock and backtesting help you see if these strategies work for you. In this article, we are going to talk about the backtesting of Options Strategies and the best platforms you can capitalize on. So l

Few sources in the investment world recommend penny stocks, and in the rare instances when they do, it’s accompanied by a boatload of disclaimers. But despite the highly speculative nature of penny stocks and their well-documented disadvantages, thousands of investors flock to them each year. But what are penny stocks, the risks, and the rewards, and what are the best penny stocks on Robinhood , one of the most popular trading platforms for penny stocks? Table of Contents What is a Penny Stock? How to Find the Best Penny Stocks on Robinhood 4 Things to Look for in Penny Stocks Take Advantage of Stock Screeners What Kinds of Penny Stock can You Buy on Robinhood? What are the Risks of Penny Stocks? Can You Get Rich Investing in Penny Stocks? What’s the Proper Place for Penny Stocks in Your Portfolio? The Bottom Line on Penny Stocks What is a Penny Stock? Once upon a time, the term “penny stock” meant precisely that – stocks that sold for pennies. It still applies, but

When you first become self-employed, things get real. There’s a lot to do, and the responsibility is all on you. The work has to be found, figured out, and done. You have to figure out the billing, and how — and when — you’re getting paid. There may be employees or subcontractors. The work of being in business piles on top of the work of the business. And to top it all off, you have the issue of taxes. Taxes are an issue for everyone; more so for the self-employed. A self-employed individual will need to deal with income taxes (federal and possibly state), self-employment tax, and possibly employment or excise taxes. You may need an employer identification number (EIN). It’s a lot. As with many financial matters, there’s a lot to it, but it doesn’t need to be overwhelming. Let’s look at taxes for the self-employed, one piece at a time. Income Tax The self-employed will generally report the profit or loss from their self-employment activities on their 1040 Schedule C. This form is

As an investment, farmland has offered attractive historical investment returns with low volatility. It’s also become more alluring during inflationary times when stocks and bonds are more likely to struggle. Until a few years ago, it was difficult to invest directly in farms because of several entry barriers. The only option was to parcel the family farm to other farmers in the community or be wealthy enough to purchase a large farm tract.  These days, accredited investors can gain exposure to farming through AcreTrader and FarmTogether . These crowdfunded investment platforms make it easy for individuals to invest their dollars in farms across the United States. While either platform can add farmland investing to your investment portfolio, you may find one of the two to be a better fit for your investment strategy and budget. This AcreTrader vs. FarmTogether comparison highlights the vital differences between each platform and helps you choose the better service for your invest

Wondering what to do if traditional college isn’t for you? For many high school graduates, college may seem like a given. The story goes something like this: You’re supposed to graduate high school, go to college, get a degree, and get a job. This traditional path works well for some, but others may be left feeling like a square peg in a round hole.  If this sounds like you, don’t worry. There are plenty of options other than college that can lead to fulfilling career paths. Need some examples? Here are just a few alternatives to college worth considering (and what they pay). 1. Military Joining the military comes with many benefits. Not only can you serve your country, but you can also receive job training, tuition assistance, housing stipends, health insurance, and a steady paycheck.  Additionally, only 20–30 years of active duty is required to be eligible for retirement, which means you may be able to retire at 40 if you join at 20. Even better, you may not need previous educati