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Financial and Lifestyle Resources for Vermont

VSECU Blog

In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.

By: Brian Bishop

September 28th, 2021

How to Buy Stocks

Investing in the Future | Learn Something New

Individual stocks or equities are an advanced way to build wealth. Most investors begin with a mutual fund in a retirement plan at work, or by contributing to an individual retirement account (IRA). Mutual funds are generally made up of individual holdings in stocks and/or bonds. These funds are usually managed by professional money managers who select how much of a stock or bond the investor should hold in the fund. These options are often a solid basis for beginners and less experienced investors as they take the guesswork out of investing.

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By: Seth Kerin

August 24th, 2021

What is Cryptocurrency? How to Use and Invest in Digital Currencies

Investing in the Future | Learn Something New

This is not intended to be investment advice and is the personal opinion and experience of the author. WHAT IS CRYPTOCURRENCY? Cryptocurrency, or crypto, is a digital asset first created in 2009 that, unlike the U.S. dollar, doesn’t have a physical form. Bitcoin, which you may have heard of, was the first of this new kind of currency, but there have been many others created since, and seemingly more every day.

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By: Oliver Ames

June 8th, 2021

Investment Apps and Meme Stocks: It's Wise to Be Wary

Youth and Finances | Investing in the Future

In June of 2020, the daily number of people trading with the popular Robinhood investing app reached record levels, exceeding 4.3 million daily average revenue trades (CNBC). Robinhood is a new breed of commission-free investment apps that allows anyone to trade stocks and funds through a simple mobile app that rewards investments with confetti and other fun graphics. The company recently came under increased scrutiny, for creating a user experience that encourages risky behavior, when a twenty-year-old user committed suicide because he thought he had lost $730,000 dollars (CBS News). While apps like Robinhood provide an innovative and exciting new way for anyone to become an active investor, they are also causing significant harm to unseasoned investors who are unaware of the dangers of risky investment tactics. Here are a few things to keep in mind before you dip your toe into the market and risk gambling away your money.

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By: Brian Bristow

June 1st, 2021

How Does an IRA Work and Why Isn't Mine Performing?

Investing in the Future

To understand why your IRA, 401(k), 403(b), or 457 isn’t performing, you need a little background on how these retirement products work. They are essentially just tax-deferred containers for your retirement portfolio, so they function differently than many other investment products.

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6 Tips for Improving Your Credit Score

Cultivate and Maintain an Excellent Credit Score

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By: Seth Kerin

April 27th, 2021

Four Financial Planning Steps to Help You Build a Better Future

Saving and Budgeting | Investing in the Future

It is never too late to improve your financial situation, and it is never too early to start thinking about financial planning, retirement, or saving up for a large purchase like your first home. While I am not a financial advisor, there are some basic tips and strategies to begin moving in the right direction. Having taken these steps myself, though, I can help provide some firsthand advice to improving your financial health.

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By: Nick Bohlen

April 15th, 2021

Four of the Best Finance Books to Read for Financial Literacy Month

Credit and Debt | Saving and Budgeting | Investing in the Future | Lifestyle

April is Financial Literacy Month, and I’m taking the concept very literally with some finance book recommendations. There are many books on finance out there, of course, but here are a few of the best books about personal finance, money management, and our financial system that I’ve read.

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By: Heidi White

April 1st, 2021

What Is Financial Literacy and Why Is it Important?

Credit and Debt | Saving and Budgeting | Investing in the Future

Financial literacy is more than just the knowledge you need to make responsible financial decisions. It’s also the ability to put that knowledge to good use. Those who are financially literate can create a budget and manage their checking account. They understand how credit cards work and how to use them without racking up debt. And they know what is involved in saving for their future financial needs like college, a home, or retirement.

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By: Blair Wolston

March 9th, 2021

Are Low Interest Rates Killing Your Savings? Here's What to Do.

Saving and Budgeting | Investing in the Future

With interest rates at historic lows for loans and deposits, the current rate environment certainly rewards borrowers but what choices are long-term savers left with?

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