Shen Lu is a freelance contributor to MagnifyMoney. Shen Lu received her master's degree in journalism with a focus on business and economics reporting from Northwestern University's Medill School of Journalism.
So you’ve got plans to max out your 401(k) and your emergency fund is cash-flush. What next? You have plenty of options, many of which we’ve listed below. Wherever you put your money, remember that each type of investment comes with drawbacks. You should understand your risk tolerance and be ... Continue Reading
Wiring money is an easy way to directly transfer funds between two bank accounts, and it can be accomplished by gathering the correct documentation and following the instructions of your provider, whether that’s your bank or a wire transfer company. However, it’s important to keep in mind the risks associated ... Continue Reading
When it comes to the world’s largest banks by total assets, China dominates the list. Currently ranking as the world’s biggest bank is the Industrial & Commercial Bank of China, followed by three other Chinese bank behemoths. Meanwhile, Japan, the U.K and the U.S. round out the top three countries ... Continue Reading