Do you want to know how well the market is performing? Take a look at the Dow Jones Industrial Average!

You might be wondering “What the heck is the Dow Jones Industrial Average?”

Getting to Know the Dow Jones

Great question! It’s a grouping of 30 stocks that serve as a reference to how the stock market is doing. It’s a stock index benchmark that was created in the late 1800s by journalist Charles Dow. The DOW includes some of the most stable, influential, and established companies in the market. It’s not a perfect indicator of stock market performance but it’s one of the most widely-used indicators.

Learn More About Investing Today!

If you want to buy any of the stocks listed on the Dow, just open a brokerage account and get a free stock! Grab your copy of “Dividends Are a Queen’s Best Friend” when you’re ready to learn how to invest the simple way. The book was listed in the Top 100 Stock Market Investing books on Amazon!! Check out the reviews.

ROBINHOOD

Click here to join Robinhood and gain access to a free stock just for using this link. It provides commission-free trading and has a user-friendly interface for beginners. This is one of my favorite investing apps! It makes investing fun and simple! This isn’t my “main bae” for investing but it’s a great app that helps you get your feet wet. 

WeBull  

Open a Webull brokerage account and receive ONE (1) free stock valued between $5-$500! Deposit ANY amount and get an additional free stock valued between $12-$1400! Download here and use this referral link to take advantage of this offer. Why not add some free stocks to your portfolio this year? Have your ID ready to open your account.

Dow Updates

Stocks on the Dow don’t last forever. In August 2020, three stocks were kicked off the popular list and replaced by other stocks that were determined to better reflect the overall stock market.

Stocks that received the boot: Exxon, Pfizer, and Raytheon.

The newest stocks in the Dow are:

• Amgen (NASDAQ:AMGN)
• Honeywell International (NYSE:HON)
• salesforce.com (NYSE:CRM)

Here are the 30 stocks that are currently listed in the Dow Jones Industrial Average:

Get Dow Stocks and Join The Dividend InvestHER!

Do you want to understand how the stock market works in female-friendly terms? For less than a price of a course, you’ll be able to get your monthly dose of dividends every month. If you are trying to earn an extra stream of income from your investments and build a portfolio that funds your lifestyle, this is for you! This investment in you can give you access to the lifestyle of your dreams.

Join The Dividend InvestHER here and start making money from the world’s largest companies instead of them always profiting from you. It’s time to leave the debt cycle and enter the dividend circle!

What are your favorite stocks that are listed in the Dow Jones? Let us know! Comment below.

Disclaimer: Before investing in stocks, do your research to determine if the stock aligns with your goals. Past performance is not an indicator of future success.

Great question!

There are two main types of protection for your assets: FDIC insurance or SIPC coverage.

FDIC insurance protects bank customers in case a financial institution fails and SIPC protects brokerage firm customers in case of bankruptcy or failure. Check with your brokerage account to see if your assets are covered under SIPC or FDIC.

How FDIC Insurance Works

FDIC insurance covers up to $250,000 per depositor for all types of deposits received at an FDIC insured bank, including deposits in the following accounts:  

• Checking account
• Negotiable order of withdrawal (NOW) account, 
• Savings account
• Money market deposit account (MMDA),
• Certificate of deposit (CD)
• Cashier’s Check or Money Order issued by a bank

If you have a core position (cash inside your account) within your Roth IRA account, it may be FDIC insured. Contact your brokerage firm for more information.

Here’s How the Core Position Works in your Fidelity Account

Let’s say you contribute $4,000 to your Roth IRA account. You use $3,000 to invest in stocks. That means you have $1,000 uninvested cash.

This uninvested cash will remain in a core position that is automatically established when you sign up for a Fidelity account. The core position will be used for processing cash transactions, buying securities in your portfolio, and holding uninvested cash.

Let’s say you sell $2,000 worth of stock in your portfolio. The $2,000 will be deposited in your core position.

Roth IRAs at Fidelity have three core positions.

• SPAXX – FIDELITY GOVERNMENT MONEY MARKET
• FDIC – FDIC-Insured Deposit Sweep Program
• FDRXX – Fidelity^® Government Cash ReservesYour cash is invested in a mutual fund and earns

The only core position that is covered under FDIC Insurance is the FDIC-Insured Deposit Sweep Program. This is an interest-bearing position that is eligible for FDIC insurance. You can change your core position choice in your fidelity account.

What Happens to the Money in your Account that is Not Eligible for FDIC Insurance?

That’s where SIPC (Securities Investor Protection Corporation) coverage saves the day.

SIPC covers up to $500,000 in securities which includes a $250,000 limit for cash held in a brokerage account.

All Fidelity Roth IRA accounts are covered by SIPC. Talk to your brokerage firm to find out about specific coverage.

Remember, SIPC does not protect against negative performance in the markets. If you invest $2,000 in securities and the value of your investments decline to zero, you are not protected.

When you invest in the market, there is no guarantee of profits. You could lose money if a company doesn’t perform well.

Join our Premium Subscription!

If you want top-notch research from a Certified Public Accountant to help you become a more informed investor, join The Dividend InvestHER and The Wealthy Woman InvestHER.

These annual subscriptions include monthly insights that will help you increase your income and build wealth.

The Dividend InvestHER focuses on all things dividends. You’ll get the latest information on income-producing assets that you can add to your portfolio to fund your future lifestyle!

The Wealthy Woman InvestHER goes beyond dividend stocks and exposes you to growth stocks, precious metal stocks, exchange-traded funds, index funds, and alternative investments that can diversify your portfolio. You’ll also get tax tips that will help you keep more of your money!

Questions?

Send an email at wealthywomendaily@gmail.com.

Do you have a Roth IRA account or are you considering opening one? Let us know in the comments below!

Have you added dividends as another source of income in your portfolio yet?

Sis, dividends are powerful and can be a game-changer. Dividends don’t discriminate and you don’t have to change who you are in order to receive them.

It’s a no-brainer. You have to start setting yourself up for success or you’ll have to settle for what’s given to you.

Think about it.

If you want to start building generational wealth, you have to be willing to break the debt cycle and enter the dividend circle.

There’s a huge difference between debt and dividends. What you have more of will determine the amount of freedom you have in life.

Dividends allow you to have more free time. Debt keeps you in bondage and limits how you spend your time.

Dividends allowed me to travel to 7 countries in 2019, have more time to focus on my health, turn my blog into a best selling book, and help more women build their portfolios through The Dividend InvestHER.

If you aren’t living the life you want, ask yourself “do I have more dividends or debt”?

When you’re ready to start your dividend journey, don’t forget to grab your copy of Dividends Are a Queen’s Best Friend! It was listed as a Top 100 stock market investing book!

Check out the reviews on Amazon!

What are Dividends?

When a company earns profits, they can either keep the money to reinvest in the business or give the money to shareholders.

The money given to shareholders is known as dividends.

It’s an extra source of income that investors can take advantage of without lifting a finger.

It’s like the rewards points you get when you shop at stores.

When a company profits, you can profit as long as the company declares dividends.

How Do You Earn Dividends?

You have to invest in companies that give dividends to their shareholders.

You’re in luck! There are thousands of companies that pay dividends to investors.

If you want a list of companies that pay dividends and how much they are paying, join The Dividend InvestHER. You’ll have access to all things dividends to help you build a portfolio that will allow you to fund your lifestyle.

Gain Access to Dividends With $100

You don’t need thousands of dollars to benefit from dividend investing. Every step you take counts. If you start with just $5, you’ll grow your money and knowledge so that you can invest more.

Robinhood is a simple account that you can use to get started. It’s user-friendly and allows you to buy and sell shares of stock within seconds.

Start your dividend portfolio as early as you can. The earlier you start, the more time you’ll have to grow your money. When you enhance your investing skills and work with someone who can do all the research for you, you’ll have additional funds available to pay your monthly expenses, travel the world, retire early, and live a life on your terms.

Ready to Learn More about Dividend Investing?

Grab your copy of “Dividends Are a Queen’s Best Friend” on Amazon. It’s the perfect book for beginning investors. Forget the intimidating lingo and have a fun, female-friendly conversation with Charlene that will give you the courage to do what you once thought was impossible.

Leave a book review on Amazon and tag @wealthywomendaily in your picture with the book!

Join Wealthy Women Daily to get your money + investing websites here.

Don’t even think about giving your job the title of “ex bae” until you figure out what you plan to do with your 401 (k).

Subscribe to Wealthy Women Weekly so you can get weekly investing and money tips to prepare you for the big day.

Note: Having a 401(k) doesn’t mean you can’t take advantage of other retirement accounts. Diversify your savings.

Here are a few great articles to help you build your retirement savings:

• How to Open a Retirement Savings Account for Your Kids and Help Them Accumulate $1M Before They Reach 50
• How to Reach Your Retirement Savings Goals
• IRS Extends 2019 IRA Contribution Deadline to July 15th

If you’re ready to learn how to invest and take control over your finances, check out these resources:

• Dividends Are a Queen’s Best Friend (Available on Amazon!)
• Tax-Free Dividend Queen
• May 2020 Dividend Queen Income Update

What is a 401 (k)?

A 401(k) is an employer-sponsored retirement plan that you can contribute to as an employee. If you’re adulting and working a full-time job with benefits, you may have access to a retirement plan such as a 401(k), 403 (b), 457, or Thrift Savings Plan offered by the federal government. Well, the 401(k) is one of the most popular retirement savings plans around.

One perk that many individuals enjoy in a 401(k) is that your company may provide a matching contribution. If you’ve heard people talking about the “free money” that companies give you for retirement, well this is what they are referring to. The 401(k) balance can grow at a faster rate because it can be a team (you + your employer) contribution effort that will help you increase your retirement savings.

Don’t think you can just get your matching contribution from your employer today and dip out on the company next year with all the money. It doesn’t work like that.

Many 401(k) plans require you to work for a certain length of time before you can access the full value of the matching contributions provided by your employer. This is known as vesting. Make sure you know your company’s vesting period/schedule and how it works before you break up with your job. Once you’re fully vested in the 401 (k) plan, you can take all the contributions made to your account if you leave for a new job.

As an employee, you can contribute to this plan before taxes are taken out your paycheck. But there is a limit to how much you can contribute each year. The contribution limit for employees who participate in 401(k) has increased from $19,000 in 2019 to $19,500 in 2020. If you contribute more than the maximum amount, you will be penalized. YIKES!

Why contribute to your 401(k)? Well, it gives you a chance to save money for the FUTURE you and the life you want to live when you retire. It also helps reduce your taxes. Every year you contribute to your 401(k), you reduce your taxable income and pay less taxes.

Have a Plan For Your 401 (k)

You have some sort of plan for your life, right? Well, you need to have a plan for your 401(k). Actively monitor your 401(k), determine how much you want to contribute each year, and identify the best investments for you based on your risk profile and goals.

Then, determine what you plan to do with your 401(k) if you plan to divorce your job.

If you have no idea what to do, take a look at these four options below:

Leave Your 401(k) with Your Current Employer

You can’t make additional contributions to your employer-sponsored 401(k) when you leave your job but that doesn’t mean you have to move your 401(k) someone else.

Based on the investment options that your 401(k) plan gives you or the low fees associated with the account, it might make sense for you to leave your 401(k) plan where it’s at. Do your research and determine what makes best for you.

Roll it over to a new employer’s plan

You can roll over your 401(k) plan to your new company. Make sure you compare the plans to make sure that’s the best decision for your portfolio.

Determine if you will do a direct or indirect rollover. A direct rollover is when the old employer writes a check to the new employer 401(k) administrator to transfer your entire balance. This process avoids taxes and penalties.

An indirect rollover is when your old employer writes a check to you. This method includes a mandatory tax withholding because the check is made out to you and you may cash out the account. You have 60 days to deposit the money into the new company’s 401(k) plan to avoid taxes and a 10% early withdrawal penalty on the entire amount.

When doing your research, make sure you are aware of the rollover exceptions.

Do an IRA rollover

When you transfer money from a 401(k) to an Individual Retirement Account (IRA), it’s called a 401(k) rollover.

What type of 401(k) do you have? This will impact the taxes associated with moving your money. If you have a traditional 401(k), you can move your funds into a traditional IRA tax-free. If you have a Roth 401(k), you can move your funds into a Roth IRA tax-free. But if you roll over a traditional 401(k) into a Roth IRA, you’re doing a “Roth conversion” and would have to pay taxes on this transaction.

Cash out

Generally, you can begin withdrawing money without penalties when you reach 59 ½. But you can access the money in your 401(k) at any age when you leave your job. Call the 401(k) administrator and have a check sent to you or money deposited in your account if you want to have the funds now.

Remember, if you withdraw money before you are eligible, you will be responsible for paying a 10% early withdrawal penalty and be subject to income taxes on the distributions.

Be Mindful of the 60-Day Rule

If you don’t pay attention to the timing rules associated with your 401(k) plan, you could be subject to taxes and penalties.

The 60-Day Rule states that you have 60 days from the date you receive an IRA or retirement distribution to roll it over to another plan or IRA. Review the IRS rules for more information.

Do you have a 401(k)? What do you plan to do with your 401(k) when you leave your job? How are you saving for retirement?

Let us know by leaving a comment below!

BIO: Charlene is currently the Chair of the Illinois CPA Society Taxation Individual Committee. With over a decade of experience in the financial services industry, Charlene is one of the few leaders who design insights specifically for the woman investor. Charlene’s work has been featured in a variety of publications including the Huffington Post, Black Enterprise, and the American Institute of Certified Public Accountants. In 2019, Charlene released her book “Dividends Are a Queen’s Best Friend”, on Amazon.

Disclaimer: Wealthy Women Daily is solely educational and informational, and is not intended to give investment or trading advice of any kind. Not all asset classes are suitable for all investors. Wealthy Women Daily is a research academy that provides you with the data and analysis you need to make an informed investment decision. It is your responsibility to talk to an expert to understand how specific investments will impact you during tax time.  Affiliate links are included in this article.

Do you want to get monthly income from real estate without worrying about tenants? You should explore the world of REITs.

REITs are real estate investment trusts are a collection of commercial real estate properties that are sold to investors in the form of equities. required to distribute 90% of their income to shareholders in the form of dividends in order to maintain their preferential status as a REIT.

REITs (real estate investment trusts) are a collection of commercial real estate properties that are packaged and sold to investors in the form of equities. Investors can shop from a selection of over 200 REITs that own and manage hotels, office buildings, residential space, warehouses, and other properties.

If you are looking for a high return, REITs will hit the spot. REITs provide some of the highest yields in the world of dividend-paying stocks.

Check out this article to find out why REITs are still in style.

How do you start investing in REITs? All you need is a brokerage account and you’re good to go! WeBull has a special offer that allows you to get free shares of stocks when you open an account and make a deposit. You don’t need hundreds of dollars to open an account. Deposit ANY amount. Keep your free share of stock or sell it so you can buy a stock that pays monthly dividends. It’s up to you! Click here to open an account and gain access to free stocks.  

Learn more about Webull here.

Here is a list of some popular REITs that pay monthly dividends:

Are you interested in a REIT dividend investing course? Contact us at hello@ceounlimitedfirm.com and let us know!

Disclaimer: Wealthy Women Daily is solely educational and informational, and is not intended to give investment or trading advice of any kind. Not all asset classes are suitable for all investors. Wealthy Women Daily is a research academy that provides you with the data and analysis you need to make an informed investment decision. It is your responsibility to talk to an expert to understand how specific investments will impact you during tax time.  Affiliate links are included in this article.

Well, of course, you need to subscribe to Wealthy Women Daily to get your weekly investing tips. But you also can take advantage of the benefits associated with working for a company that allows you to participate in the Employee Stock Purchase Program (ESPP).

Now, I wish I knew the ins and outs of the Employee Stock Purchase Plan (ESPP) when I first entered corporate America. But I didn’t. I missed out on tons of money and I don’t want you to do the same.

What is the ESPP?

This employer-sponsored program may allow employees to buy shares of stock at a discounted price! So, instead of paying the market price of $150/share, you may only have to pay $135/share. How cool is that?!

How does the ESPP work?

Every time you get paid, deductions are taken out of your paycheck to go towards the employee stock purchase program. The company typically doesn’t buy your shares immediately. The shares are bought in bulk at one point in time. That purchase can take place every 3 months, 6 months, or at the end of the year. Find out more about your company’s offering and purchase period.

When can you sell your shares?

You can hit the sell button anytime you want! You just need to be aware of capital gains taxes if you profit from this transaction. Find out the pros and cons associated with selling your shares now versus selling your shares a year later. You can talk to your CPA to understand how it all works.

How much should you invest in your company ESPP?

Well, how much does it cost to be you every month and can you allocate more money towards the ESPP? If you’re working at a top company and you see the potential for future growth, it may be a good idea to contribute as much as you are allowed.

Why invest in the ESPP?

People are in love with the ESPP because you get to profit from the company’s growth. What a great incentive to continue working hard for the company!

It’s an attractive offer when someone tells you that you can purchase shares of stock at a price lower than the market price. So, if your company stock is selling on the stock exchange for $100 and you get a 15% discount, you only have to pay $85.

The Employee Stock Purchase Plan should not be your end all be all solution to investing. That’s too much exposure in one area. Diversify. Take advantage of the shares you can buy at a discounted rate from participating in the ESPP but also look for other ways to create a well-balanced portfolio.

Ready to build your portfolio and improve your financial resume? Let’s talk! 1:1 financial coaching sessions are available. Just send me an email at wealthywomendaily@gmail.com for more information.

Don’t forget to subscribe to Wealthy Women Daily to get the latest and greatest wealth tips delivered to your inbox every week.

Did you download your copy of Invest in 5 Minutes a Day? Grab your workbook here!

Brokers are aiming to do whatever it takes to lower fees and incentivize new investors with commision-free trading opportunities. Well, JPMorgan Chase, the biggest bank in the United States, won’t be left behind. This megabank is trying to be ahead of the game.

Next week, JPMorgan Chase plans to launch ‘You Invest’ trading service to its’ 47 million digital users. When major news publications reported the benefits of the new app this week, the stock price of online brokers like TD Ameritrade and Schwab declined.

Why would investors want to ditch their current investing app and start a new relationship with You Invest? JPMorgan is offering 100+ commission-free online stock and ETF trades in the first year, access to the bank’s stock research, a professional portfolio-building tool, and no minimum account balance.

“There are customers out there who may not want to trust their credentials or their money to an app of the month,” said Jed Laskowitz, CEO of Intelligent Digital Solutions at JPMorgan in a statement released by CNBC.

Best Time in History for Women to Invest

This is the best in history for women to learn how to invest. The markets are volatile, mergers and acquisitions are frequent, and political friction is increasing uncertainty. It’s the best time for women to dive in and explore the markets because we’re not looking at a straight investment path. You have to think more strategically in this environment. And when you can learn how to navigate a period of turbulence, you unlock another level of possibilities that you can tap into as an investor.

If you are starting your investment journey, join The Wealthy Woman Investor to gain the foundational skills and market insights you need to build your first investment portfolio.

For more market and investing insights delivered to your inbox, subscribe to Wealthy Women Weekly for FREE.

Best Time in History for Women to Invest

This is the best in history for women to learn how to invest. The markets are volatile, mergers and acquisitions are frequent, and political friction is increasing uncertainty. It’s the best time for women to dive in and explore the markets because we’re not looking at a straight investment path. You have to think more strategically in this environment. And when you can learn how to navigate a period of turbulence, you unlock another level of possibilities that you can tap into as an investor. You also develop the financial acumen needed to become the next woman CEO!

If you are just starting your investment journey, join The Wealthy Woman Investor to gain the foundational skills and market insights you need to build your first investment portfolio.

Here’s your chance.

You can become a real estate investor without actually having to go out and buy commercial real estate. Another bonus: you can receive money monthly or quarterly just for being an investor.

REITs make it all possible. REITs (real estate investment trusts) are companies that have met specific requirements to own, operate, or finance a portfolio of income-producing real estate or real estate-related assets. It’s a feasible way for all investors to invest in sizable, income-producing, professionally managed companies that own commercial real estate.

How to Invest in REITS

Most U.S. REITs are registered with the Securities Exchange Commission (SEC) and are traded on major stock exchanges such as the New York Stock Exchange (NYSE) or the NASDAQ. Anyone can invest in a publicly traded REIT by purchasing shares through a broker or by investing in a mutual fund that specializes in public real estate.

Once you know which REITs you want to purchase, you can complete a transaction and add real estate to your portfolio in less than 5 minutes!

Income-Producing Real Estate Assets

Once you’re an investor, you’ll get a piece of the profits earned from these income-producing real estate assets:

• office buildings
• shopping malls
• apartments
• hotels
• resorts
• self-storage facilities
• warehouses
• mortgages or loans.

Benefits to Investors

Here are just a few of the reasons why REITs are attractive investments:

• Create a diverse portfolio of real estate investments
• Instantly buy and sell shares
• Gain access to a liquid investment
• Avoid maintenance fees
• No ongoing responsibility
• Receive profits monthly/quarterly
• Start with less than $100
• Invest in less than 5 minutes!

Start Investing with $100

Do you want to test the waters and see how it all works? You don’t need to take out a loan to get started. You can start with $100 and learn as much as you can about REITS before you start building a massive portfolio. Then you can learn how to create a $1,000 portfolio of high-performing REITs.

Do you want to learn more about REITS? Contact us to schedule a REIT strategy session and gain access to a portfolio of REITs. It’s important that investors do their research before taking action. Need research? Let us know. We’ve researched hundreds of REITs and can provide you with the data needed to make an informed decision.

Disclaimer: Wealthy Women Daily is solely education and informational, and is not intended to give investment or trading advice of any kind. Not all asset classes are suitable for all investors. Wealthy Women Daily is a research academy that provides you with the data and analysis you need to make an informed investment decision. 

Are you ready to create an extra source of income without adding another task to your to-do list?

It’s simple; start taking advantage of dividend income.

Grab your copy of “Dividends Are a Queen’s Best Friend” if you’re ready to start your investing journey today!

What are Dividends?

It’s the money that companies pay you as a reward for investing in them. Dividends give you access to a portion of a company’s earnings. If the company profits, you profit. Publicly-traded companies release their earnings quarterly and let their shareholders know if they plan to declare a dividend and how much the payout will be per share.

How Do You Earn Dividends?

You have to invest in companies that give dividends to their shareholders. If you want to invest in companies that have a track record of giving dividends, take a look at the dividend all-stars. These are elite dividend stocks with years of dividend increases. Two examples of dividend all-stars are Walmart (WMT) and McDonald’s (MCD).

Is Dividend Investing Risky?

It’s risky if you don’t know what you are doing. Talk to a financial coach who specializes in dividend investments to mitigate your risk. I’m here for you if you need me! 

Dividend stocks aren’t as risky as conventional stock investments; it gives investors the flexibility of safety and growth. It’s like a hybrid investment. You get to enjoy the benefits of stock growth while earning monthly or quarterly income in the form of dividends.

Typically, if the price of a stock falls, the company will still pay out a dividend. Companies know that they may lose investors if they cut the dividend so that is an incentive to keep the dividend going. Companies don’t want shareholders selling shares of stock so they will do whatever it takes to keep investors happy.

Benefit from the Hard Work of Employees

Do you want to become a boss without adding on any additional responsibilities? Become a shareholder. You may not get the corner office with the window view, but you’ll be able to fly anywhere around the world and create your own scenery.

Employees of a corporation work hard to make you money so you can have more time to do the things you love. Working women work hard. Wealthy women work smart.

Gain Access to Dividends With $100

You don’t need thousands of dollars to benefit from dividend investing. Every step you take counts. If you start with just $5, you’ll grow your money and knowledge so that you can invest more.

When you’re ready to start investing, all you have to do is open a brokerage account. I opened a WeBull account in 2019 to test out the functionality and I love the paper trading competitions and resources! You also get two free stocks when you open an account! 

Learn more about WeBull here and claim your free stocks. 

Start your dividend portfolio as early as you can. The earlier you start, the more time you’ll have to grow your money. When you enhance your investing skills and work with someone who can do all the research for you, you’ll have additional funds available to pay your monthly expenses, travel the world, retire early, and live a life on your terms.

Ready to Learn More about Dividend Investing?

Grab your copy of “Dividends Are a Queen’s Best Friend” on Amazon. It’s the perfect book for beginning investors. Forget the intimidating lingo and have a fun, female-friendly conversation with Charlene that will give you the courage to do what you once thought was impossible.

Leave a book review on Amazon and tag @wealthywomendaily in your picture with the book!

Sign up below to get on the list for Wealthy Women Weekly. Let us know what you would like to learn.

Disclaimer: Wealthy Women Daily is solely educational and informational, and is not intended to give investment or trading advice of any kind. Not all asset classes are suitable for all investors. Wealthy Women Daily is a research academy that provides you with the data and analysis you need to make an informed investment decision.