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A traditional advisor typically offers personalized investment advice based on a client’s goals, risk tolerance, and financial situation. They may also manage investment portfolios and provide ongoing guidance and support. On the other hand, a robo-advisor uses algorithms and computer algorithms to create and manage investment portfolios based on a client’s risk tolerance, goals, and […]
What is a credit score and how is it calculated?
A credit score is a numerical representation of a person’s creditworthiness. It is calculated using an algorithm that takes into account various factors such as credit history, payment behavior, credit utilization, length of credit history, types of credit, and recent inquiries. The most commonly used credit score is the FICO score, which ranges from 300 […]
How do stocks and bonds work?
Stocks and bonds are two types of securities that enable investors to participate in the growth and performance of companies and governments, respectively. Here’s how they work: 1. Stocks: When a company decides to go public, it issues stocks, which represent a share of ownership in the company. Investors can buy these stocks and become […]