The College Investor

We need to talk about your Emergency Fund. Do you need one? How much should you save? Read it here

Biden made clear last night he doesn't support more than $10,000 in loan forgiveness. What you should know:

TERM OF THE DAY: Asset Allocation What is it? Asset Allocation is a type of investment strategy that's used to balance risk and reward. It represents how you divide up your investment portfolio using the different types of investments. Investment types include: Stocks, Bonds, ETF's, Mutual Funds, Cash, etc. ... Why is it important? Asset Allocation is important because it's important to create a balance within your investment portfolio. You don't want to invest solely in bonds or solely in stocks. It's important to allocate your investments across multiple investment types. Example of Asset Allocation: A type of allocation an investor could have would be 60% stocks and 40% bonds. Another type of allocation would be 70% stocks, 20% bonds, 10% cash. How do I determine my own Asset Allocation? Asset Allocation will vary depending on age, investment goals, and risk tolerance. There isn't a one size fits all formula. If you're younger and trying to save for retirement you can afford to take more risk. Whereas, if you're older and trying to save for retirement you would be less likely to take more risk (Amount of risk is based on type of investment). Comment below and tell us what term you want us to explain next week!

Did you know? You DON'T need thousands of dollars to start investing. In fact, you can get started with just $100 or LESS. Here's how to get started: ... First, choose where you want to invest/where to open your brokerage account. If you're starting with just $100, you'll want an account that is low fee, and minimum/zero account minimum. We recommend M1 Finance because it's $0 commission and you can invest in everything you want for FREE. Second, choose the type of account you want to open. The type of account you open will depend on WHY you're investing. If you're investing for the long term choose a retirement account. If you're investing for the short term choose a taxable account. Third, choose what you want to invest in. When starting off we recommend investing in a low cost index-focused ETF. That sounds pretty scary. What the heck is an ETF!? An ETF is just a basket of stocks. ETFs are the lowest-cost way to invest in the broad stock market. Bonus: If you aren't sure what to invest in - try using a Robo-Advisor. With a Robo-Advisor all you have to do is open an account, answer a few questions based on your investment goals, and then deposit your money! We recommend @bettermenthq for this service! That's it! Now you know exactly what it takes to start investing with just $100. If you're interested in learning more about this topic, make sure you check out the full article.

eFile opens tomorrow!

We've officially hit 1,000,000 downloads for The College Investor Audio Show!! The College Investor Audio Show is an "almost" daily short format podcast that highlights the best content from our website. We cover personal finance and investing topics ranging from getting out of student loan debt, to side hustling and earning more money, to investing and building wealth. Tune in here > https://theci.co/FB_1mill_celebration ... Or on iTunes or Spotify To all our listeners (and readers 'cause we see you too!) help us celebrate this momentous achievement by letting us know your favorite piece of advice, review, tip or ah-ha moment you got from us. Here's to 1 million more.

We're already seeing DD dates! When are you going to get your refund?

Stocks For Beginners: Becoming Financially Solid

Investors looking to invest in gold have several different options from paper gold products to physical bars and coins. We break down how to get started and what to expect.

In the military? This is where you should be banking:

Did you know that you can claim higher education tuition and fees as a deduction Here's what you should know!

Did you see the updated 2021 401k contribution limits?

The FAFSA matters, especially if you think you're going to need student loans.

It's crazy right now, but if you're looking at attending college next year, you NEED to fill out the FAFSA!

How the merger of multiple big brokers will impact you!

HSA Bank helps you take control of your healthcare savings and make the most of your healthcare dollars. Learn how it works and what you should know in our latest article.

Check out this guide on how to pay off your student loans:

Curious what the statute of limitations is on student loan debt? This can vary state to state and by your loan type. Find out more!

Lendtable can give you a cash advance for the amount of money needed to take full advantage of your employer 401(k) match. Here's what you should know about the service.

Here's a reminder for those who are going to select a healthcare plan on open enrollment:

In my latest for Forbes I dive into the trend of crypto savings accounts:

There can be a learning curve involved when it comes to Investing in cryptocurrency. Learn how it works so you get it right the first time!

The average average millennial net worth is $10,400. Do you think the pandemic will change that?