Michael Ecke is a mortgage professional - NMLS # 1439805, entrepreneur, businessman, and founder of Prosperment. As a current employee of a Fortune 50 company, Michael is dedicated to ensuring the utmost attention to detail and quality control. Michael provides executive oversight and direction to Prosperment and its sister companies. Michael brings to his position the business foresight and acumen required as Prosperment continues its remarkable growth.
What is 'Market Capitalization'?
Market capitalization refers to the total dollar market value of a company's outstanding shares. Commonly referred to as "market cap," it is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to using sales or total asset figures.
An IRA is an individual retirement account that comes with tax benefits to help you save for retirement. The specific tax benefit depends on the type of IRA: Roth or Traditional. IRAs are one of the most effective ways to save for your future.
Robo Advisors have been growing in popularity since their inception nearly a decade ago. They have become popular for the beginner investor because of their low costs and hands off approach. Robo Advisors don't require in depth market knowledge to help you grow financially. It is estimated by 2020 Robo Advisors will account for over $460 billion in assets managed.
A stock (also known as "shares" and "equity) is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets & earnings.
What are fractional shares?
Fractional shares are just what they sound like...fractions, or pieces of a whole share of stock, bond, or fund.
What is a 'Dividend'
A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders. Dividends can be issued as cash payments, as shares of stock, or other property.