Michael Adams

Maryland

Deputy Editor at Forbes Advisor

Seasoned journalist and editor, covering legal, finance and technology. All opinions my own.

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Articles

Empower Review – Forbes Advisor

1 month ago | forbes.com | Michael Adams

With a very high account minimum and higher-than-average management fees, Empower's robo-advisor services aren’t for those who are just starting out on their investing journey. Rather, its robust platform and easy access to helpful financial professionals are designed for mass affluent investors who
8 Best Online Brokers For Beginners Of November 2024

Nov 2, 2024 | forbes.com | Dan Blystone |Michael Adams

FEATURED PARTNER OFFERDeposit $100 and get a $10 bonus! (US Only) Trade in a variety of assets including stocks, ETFs and cryptocurrencies eToro offers trading tools to help both novices and experts Via eToro's Website Best Brokers for Beginners of November 2024 BEST ONLINE BROKER FOR BEGINNERSOur ratings take into account the range of fees, features and tools offered by each online broker platform. Ratings are determined solely by our editorial team.
10 Best Money Market Mutual Funds Of November 2024

Nov 1, 2024 | forbes.com | Paul Katzeff |Michael Adams

New Customer Bonus Up to $700 with qualifying depositsLearn More On J.P. Morgan's WebsiteINVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE The 10 Best Money Market Funds of November 2024 Editor's TakeThe Fidelity Money Market Fund is one of three funds on our list that require a minimum initial investment of only one dollar. Still, it is not the cheapest option—six of the other funds herein levy even lower expense ratios.
8 Best Apparel And Textile Stocks Of November 2024

Nov 1, 2024 | forbes.com | Michael Adams |Lisa Dammeyer

Styles come and go, and so does the demand for clothing, as the economy moves from strong to weak and back again. For this reason, the retail sector, of which apparel and textile companies are a part, tends to move along with major indices like the S&P 500, although not necessarily to the same magnitude. Fashion retail sales boomed in 2021, following pandemic lockdowns the prior year. However, growth in the sector has been lower since.
Best Long-Term Investments Of 2024

Nov 1, 2024 | forbes.com | Michael Adams |Paul Katzeff

The best way to build wealth is to put your money to work in the market. But the seemingly unlimited range of available investment choices can be intimidating for regular folks wondering how to get started. A great way to get ahead of the game is to pursue long-term investing. When you buy and hold assets for years—or even decades—you have time on your side. To help new investors understand this approach, we list some of the best types of long-term investments available.
How The Consumer Price Index (CPI) Measures Inflation

Oct 28, 2024 | forbes.com | Michael Adams |Paul Katzeff

The $100 you just spent at the grocery store bought 4% less than it did one year ago. Why is that? The consumer price index (CPI) helps answer this question, as it measures inflation, the economic phenomenon that slowly erodes the purchasing power of your hard-earned dollars. What Is CPI? CPI tracks the rate of change in U.S. inflation over time. This key economic metric is based on prices that consumers pay for goods and services throughout the U.S. economy.
Top Financial Stocks Of 2024

Oct 22, 2024 | forbes.com | David Rodeck |Michael Adams

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. When you buy financial stocks, you’re investing in the world’s leading providers of banking services, insurance, credit cards and a wide range of other financial services. Because the financial sector forms the core of the global economy, investors should strongly consider making financial stocks an important part of their portfolios.
Best Healthcare Stocks of 2024

Oct 17, 2024 | forbes.com | Dock David Treece |Michael Adams

Healthcare stocks belong to companies that develop pharmaceuticals, manufacture medical devices or provide medical care or health insurance. The sector’s strong numbers appeal to many investors: Health spending accounted for almost 18% of U.S. gross domestic product (GDP) at the end of 2019, and it’s expected to top $6 trillion annually by 2028. If those numbers have you ready to load up on healthcare stocks, you’ve got thousands of options.
5 Best Investment Accounts For Kids of 2024

Oct 16, 2024 | forbes.com | Kat Tretina |Michael Adams

Do you want to teach your kids how to invest but you’re not quite sure how to get started? Whether you have very young children or you’re starting to fill out college applications, we’ve assembled some great resources to help you and your kids learn about investing together. FEATURED PARTNER OFFERWhat is Greenlight? A kid friendly card and app, managed by parents. Features Get up to 5% on savings, 1% cash back and much more. Monthly fee $5.99, $9.98 or $14.98 a month. On Greenlight's Website.
7 Best Target Date Funds For Retirement Of November 2024

Sep 6, 2024 | forbes.com | Barbara Friedberg |Michael Adams

Target date funds are designed to simplify retirement investing. When you purchase a target date fund, you get a diversified portfolio of stocks and bonds that gradually adjusts its asset allocation from risky to conservative as you get closer to retirement. Not all target date funds are created equal. While some funds charge affordable expense ratios, there are more than a few that carry high annual fees equal to one percent or more of your total investment.