NFTs explained: What they are and how they work
Non-fungible tokens (NFTs) are exploding in popularity. But these digital assets carry a great deal of risk.
6 min read
Sep 16, 2022
James Royal, Ph.D.
Principal writer, Investing and wealth management
EXPERTISE
- Investing
- Wealth management
- Behavioral finance
- Stock analysis
EDUCATION
- Bachelor of Science in management, University of Florida
- Master of Arts in English, University of Florida
- Doctorate in English, University of Florida
Our goal is to get wiser every day and avoid the mistakes of the past.
— James Royal, Ph.D.
About the author
Bankrate principal writer and editor James F. Royal, Ph.D. covers investing and wealth management. His work has been cited across major media, including CNBC, the Washington Post, The New York Times and the Associated Press. Royal believes in the power of education to help individuals make smart financial decisions that can positively and significantly improve their lives.
Experience
James is the author of The Zen of Thrift Conversions. He’s a veteran writer and stock analyst with a history of working in the financial-services industry, including at the Motley Fool and Bankrate.
Education
Royal has a bachelor’s degree in management as well as master’s and doctoral degrees in English earned at the University of Florida.
Media mentions
CNBC
Yahoo Finance
Reuters
Cheddar TV
Forbes
Barron’s
Our goal is to get wiser every day and avoid the mistakes of the past.
— James Royal, Ph.D.
James's latest articles
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Investing in casinos and online gambling: Key things to know
The year 2022 has seen the industry bounce back after more than a year of subpar performance.
6 min read Sep 16, 2022 -
What is a beneficiary?
The beneficiary is typically a person, but it could be any number of individuals as well as other entities.
5 min read Sep 14, 2022 -
Mutual bank conversions: How to use your savings to access thrift stocks before they IPO
Here’s one oddball way to invest in bank IPOs along with the insiders.
4 min read Sep 12, 2022 -
With mortgage rates soaring, is it still a good time to invest in real estate?
Record-low mortgage rates in 2020 and 2021 made it an ideal time to invest, but rates have soared this year.
5 min read Sep 06, 2022 -
What is Shiba Inu and how does it work?
Here’s what Shiba Inu is and what you need to know about how it works.
3 min read Aug 31, 2022 -
How to survive a stock market correction: Avoid doing these 5 things
Here are five crucial things to avoid when markets are flashing red.
4 min read Aug 25, 2022 -
How to suspend Social Security benefits and when it makes sense to do so
Here’s what to know about suspending Social Security benefits and when you might want to.
5 min read Aug 19, 2022
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9 biggest 401(k) mistakes to avoid
Don’t make these errors when using a 401(k) to save for retirement.
5 min read Nov 20, 2024 -
Stock market holidays in 2024: US markets are closed on these days
When is the stock market closed? Here’s a list of days when the major exchanges observe holidays.
1 min read Nov 11, 2024 -
What is the Dow Jones Industrial Average?
These companies make up the popular Dow Jones Industrial Average.
3 min read Nov 04, 2024 -
Elon Musk in 2024: What to know about the world’s richest person
Learn which investments helped make Elon Musk the richest person in the world.
8 min read Nov 04, 2024 -
What to do if your Social Security payment is late
Is your Social Security check late? Here’s what to do.
2 min read Oct 29, 2024 -
Best time of the year to retire for tax purposes
When you retire can potentially have a big impact on your retirement income and the taxes you owe.
4 min read Oct 24, 2024 -
Warren Buffett: Top investing lessons and advice from Berkshire’s legendary CEO
Here’s what else you should know about Warren Buffett, his investment approach and largest holdings.
8 min read Oct 22, 2024 -
What is Bitcoin mining and how does it work?
Here are the basics on how Bitcoin mining works and some key risks to be aware of.
5 min read Oct 21, 2024