by Fullerton FP | Apr 16, 2022 | Blog
Yes, gambling winnings are considered taxable income. This applies to all types of gambling winnings, including sports betting, casino gambling, betting on horse races, the lottery and even raffles. If your winnings exceed certain thresholds, the sports betting app,...
by Fullerton FP | Apr 9, 2022 | Blog
A non-fungible token (NFT) is a unique unit of data that’s stored on a block chain. Ownership of this data unit can be bought and sold. NFTs are cryptographic assets, like cryptocurrency, that live on the blockchain, which acts like a digital ledger. Unlike...
by Fullerton FP | Apr 2, 2022 | Blog
A bull market is a period of sustained growth, and a bear market is a period of sustained price decline. The specific rubric by which investors and financial experts determine exactly when a bear market or a bull market is happening varies, but the terms are...
by Fullerton FP | Mar 25, 2022 | Blog
Young people should start investing for their future as soon as possible–most likely when they get their first real job. Students working for spending money or living expenses while pursuing a degree may not be in a position to begin saving for retirement. Once you...
by Fullerton FP | Mar 11, 2022 | Blog
Buying a bond is like issuing a loan to a government or corporation. The bond is an agreement to pay you back a specific amount at a specific date and pay you interest (usually biannually) along the way. If Bonds Are Guaranteed Money, Why Invest in Anything Else? The...
by Fullerton FP | Mar 4, 2022 | Blog
Yes–and a credit card is one of the easiest and most affordable ways to build good credit for a couple fundamental reasons: Nearly everyone, including people with bad credit, can qualify for a credit card You can entirely avoid being charged interest, even if the card...
by Fullerton FP | Feb 28, 2022 | Blog
Most parents today recognize how different childhood is in the 2020s compared to childhood when they were growing up. Our ubiquitous connection to the internet and children having access to tablets, smartphones and social media at early ages can shorten their years of...
by Fullerton FP | Feb 21, 2022 | Blog
It depends on the context, your existing credit history and what rates competing lenders are willing to offer you based on your perceived credit risk. For example, there are multiple points at which you can potentially negotiate a lower interest rate on a mortgage....
by Fullerton FP | Feb 14, 2022 | Blog
A 401(k) is a retirement savings plan facilitated by an employer and managed by a third-party financial institution. Employees choose what percentage of their income they want their employer to contribute on their behalf. The money is deducted from the employee’s...
