What is a CD Ladder?

A CD Ladder is an investment strategy designed to optimize availability and spread out the risk of getting a poor rate of return. It is achieved by breaking up your investment into smaller pieces and investing in a series of Certificates of Deposit (CDs). If you want to save up $12,000 you would buy a […]

What is the Monte Carlo Method?

The Monte Carlo method was invented in the late 1940s by Stanislaw Ulam, while he was working on nuclear weapon projects at the Los Alamos National Laboratory. It was named after the Monte Carlo Casino, where Ulam’s uncle often gambled. Ulam and John von Neumann programmed the ENIAC computer to carry out Monte Carlo calculations. Monte Carlo Method […]