Almost every day in the news, cryptocurrency is discussed amongst investors. But what exactly is cryptocurrency? Cryptocurrency is a virtual currency or “digital cash” that is backed by cryptography, making it difficult to counterfeit. Think of them as tokens used in arcades that return tickets and therefore prizes from the…

On March 31st, the Collegiate Financial Management Association hosted Bill Feehley for our event Getting through Tax Season: Filing Taxes for the First Time? Feehley received a BS in Accounting from the University of Baltimore. He is the founder of accurate Business Services and serves as executive director at the…

On March 11, President Biden signed off on the American Rescue Plan Act of 2021, which grants eligible citizens a maximum amount of $1,400 worth of federal aid. Since, stimulus checks have been rolling out to millions of Americans and will continue to reach more in the coming weeks. A…

iRobot (IRBT) One of the many reasons IRobot is very prominent is because the company manufactures the Roomba vacuuming robot. With technology on the rise, people are looking for new ways to clean homes and innovate. This is a great way to start that. The stock is up to…

This week marked the one-year anniversary of the market bottoming during the beginning of the pandemic. Markets dropped over 30% and have since rebounded to new all-time highs earlier in the year. The markets did not move significantly this week, with the Dow and S&P 500 gaining less than 1%…

Our last column covered an introduction to 401(k) accounts and Roth 401(k) plans that require an employee to pay income tax immediately on contributions. Today, we will be discussing an account that is quite similar to the 401(k), the Roth Individual Retirement Account, or IRA. An IRA is a retirement…

The market undoubtedly had a bad week with the majority of stocks down. People are panicking and scrambling to keep their losses low and selling to avoid any more losses. Keep in mind that most major drops always bounce back. The best way to think about the drop: many sound…

Last week, the stock market performed poorly, as the Dow Jones, S&P 500, NASDAQ, and the Russell 2000 all produced negative returns for the week. In particular, many tech stocks were hit hard by the selloffs. While some see this as a healthy correction, others may be more concerned with…

Last week, on Tuesday, February 16th, we hosted our first virtual event of the semester: “CFMA x Ontrail”. We welcomed speaker Jessica Chen Riolfi, co-founder and CEO of OnTrail, a personalized finance service that offers undergraduate and graduate students optimized financial advice with regards to student loans, retirement savings…