FMP
Our Blogs
Nov 15, 2024 2:21 AM - Parth Sanghvi
Investing vs Speculation: Understanding Key Differences and Strategies for Financial Success
Investing vs Speculation – these two approaches to managing and growing wealth are frequently discussed but often misunderstood. While they share some similarities, they have critical differences that impact risk, reward, and time horizon. This article will delve into the essential distinctions betw...
Nov 15, 2024 2:19 AM - Parth Sanghvi
How the 2025 Tax Changes Could Impact Your Financial Strategy
The IRS has made significant adjustments for the 2025 tax year, which will affect how individuals plan their taxes and finances for the year ahead. Here’s a breakdown of the major changes and what they mean for your future financial planning: Key Tax Bracket Adjustments for 2025 As part of its...
Nov 15, 2024 2:16 AM - Parth Sanghvi
How to Open an IRA: Your Complete Guide to Securing Retirement
An Individual Retirement Account (IRA) is a smart step for building long-term savings and securing tax advantages. With multiple IRA options and rules to navigate, it’s essential to understand each facet before opening an account. Here’s a comprehensive breakdown of the process. 1. Understanding ...
Nov 14, 2024 5:38 AM - Parth Sanghvi
5 Key Investment Strategies to Learn Before Trading
Whether you're new to trading or experienced in the market, understanding various investment strategies is critical. These strategies range from finding undervalued stocks to tracking technical indicators in real time, and each approach has unique goals and risk factors. 1. Value Investing Val...
Nov 14, 2024 5:32 AM - Parth Sanghvi
A Beginner’s Guide to Managing Your Money
Introduction Learning to manage your finances is a critical step toward achieving financial independence and security. Whether you’re looking to save for a big purchase, pay off debt, or start investing, having a clear plan for managing your money is essential. This guide will walk you through ...
Nov 14, 2024 5:29 AM - Parth Sanghvi
Defining Your Basic Investing Objectives: What to Factor In
Investing is more than just picking assets and hoping for growth—it's about setting clear, personalized financial goals that align with your life plans. Whether you're looking to build wealth for retirement, fund a big purchase, or generate steady income, identifying your investing objectives early ...
Nov 4, 2024 8:25 AM - Sanzhi Kobzhan
Understanding Growth, Income, and Value Stocks
Investing in the stock market can seem overwhelming with all the jargon and different investment strategies. Here's a simple guide to help you understand and differentiate between three main types of stocks: growth, income, and value stocks. 1. Growth Stocks What are they? Growth stocks are...
Oct 24, 2024 6:16 AM - Parth Sanghvi
4 Basic Things to Know About Bonds
Bonds are a foundational component of the investment landscape, often providing a steady income stream and serving as a stabilizing force in a portfolio. Understanding the key aspects of bonds can empower you to make informed investment decisions. Here are four critical elements to consider. 1. D...
Oct 24, 2024 6:14 AM - Parth Sanghvi
How to Set Financial Goals for Your Future
Setting financial goals is an essential process that lays the foundation for achieving your long-term financial aspirations. Whether you aim to buy a home, save for retirement, or build an emergency fund, having clear financial goals helps guide your decisions and keeps you motivated. This article w...
Oct 22, 2024 9:17 AM - Sanzhi Kobzhan
Improve Your Trading with Financial Modeling Prep's Stock News API
Are you a trader looking to make better decisions and stay ahead of the market? One effective way to do this is by keeping up with the latest stock news. In this guide, we'll show you how to use Financial Modeling Prep's Stock News API to access the latest news on your favorite stocks. Don't worry i...
Oct 17, 2024 3:03 AM - Parth Sanghvi
How to Use Life Insurance as a Financial Asset
Life insurance can be a powerful financial asset that offers more than just a death benefit. It can provide tax advantages, liquidity, and cash value accumulation that helps you build long-term wealth. Here’s how it works and why you should consider life insurance as part of your financial plan. ...
Oct 17, 2024 3:00 AM - Parth Sanghvi
What is the Impact of AI on Various Sectors?
AI is reshaping industries such as technology, healthcare, finance, retail, and automotive, among others. Identifying these sectors and companies within them that are capitalizing on AI innovation is crucial. For instance, NVIDIA, Tesla, Microsoft, and Alphabet are heavily invested in AI. A more ...
Oct 17, 2024 2:57 AM - Parth Sanghvi
Warren Buffett's $1 Test: A Simple Formula to Find Quality Companies
Warren Buffett, the Oracle of Omaha, has long been revered for his investment acumen. One of his simple yet powerful principles is what he calls the "$1 Test." This test serves as a litmus test for evaluating the quality of a company's stock. In this blog, we will delve into what the $1 Test is, how...
Oct 17, 2024 2:52 AM - Parth Sanghvi
Why You Must Not Quit Your Job to Become a Full-Time Investor
Introduction In a world where stories of rapid wealth accumulation through investing are commonplace, the temptation to quit your job and pursue investing full-time can be strong. However, this decision comes with significant risks and considerations. Here, we will explore the pros and cons of le...
Oct 10, 2024 7:31 AM - Parth Sanghvi
Personal Financial Statement: Definition, Uses, and Example
A Personal Financial Statement (PFS) is a crucial tool for managing your finances. It provides a comprehensive overview of your financial health, detailing your assets, liabilities, income, and expenses. Understanding how to create and use a personal financial statement can significantly impact your...
Oct 10, 2024 7:20 AM - Parth Sanghvi
What is a Fed Pivot and Why Does It Matter?
Understanding the concept of a Fed pivot is crucial for anyone navigating the financial markets, as it can influence interest rates, stock prices, and economic growth. The Federal Reserve (Fed), the central bank of the United States, utilizes various tools to manage the economy, and its decisions ca...
Oct 10, 2024 7:03 AM - Parth Sanghvi
Top 10 Most Common Financial Mistakes
Achieving financial stability is a common goal, but many individuals inadvertently stumble along the way. Understanding and avoiding common financial mistakes is key to building a secure financial future. This post outlines the top ten financial pitfalls and offers actionable insights to steer clear...
Oct 4, 2024 6:49 AM - Parth Sanghvi
Best Ways to Earn Passive Income: Deep Dive into Financial Freedom
Building a steady stream of passive income can be a game-changer when it comes to achieving financial independence. Unlike active income, which requires continuous effort, passive income allows you to make money while you sleep. With the right strategy, it can provide financial stability, help you a...
Oct 4, 2024 6:46 AM - Parth Sanghvi
My Company Is Offering Shares to Employees. Should I Buy Them?
When your company offers you the chance to buy its shares, it’s tempting to see it as a great opportunity to benefit from the success of the business you’re part of. But, is buying those shares always the right move? Before making a decision, it's important to understand both the potential benefits ...
Oct 4, 2024 6:43 AM - Parth Sanghvi
What Are Stock Fundamentals? A Comprehensive Guide
When it comes to investing in stocks, understanding the fundamentals of a company is crucial for making informed decisions. But what exactly are stock fundamentals, and why are they so important? Stock fundamentals refer to the financial health and operational performance of a company. Investors ...
