As tax season winds down, many people have begun to realize the importance of understanding their finances.
According to the Pennsylvania Library Association, 41 percent of adults in the U.S. give themselves a C, D, or F on their knowledge of personal finance, 25 percent of adults do not pay bills on time, and 33 percent of adults have no savings or retirement.
The library is committed to educating the community on all finance-related matters. An informed citizenry is essential to the economic vitality of a community.
The Albright Memorial Library offers the community a variety of financial resources to assist in finance and business-related decisions, including newspapers and databases.
The library has subscriptions to a host of financial magazines and newspapers, including The Wall Street Journal, Barron’s and Investor’s Business Daily. They contain up to date business news, stock information, commodity news, stock trends, and mutual fund information. The Wall Street Journal and Investor’s Business Daily are daily newspapers, while Barron’s is a weekly publication.
They are free to read to patrons with library cards and the Reference Department, located on the second floor of the library, retains copies for one month.
Value Line, Kiplinger Letter, and No Load Fund X are newsletters that are published on a weekly and monthly basis.
Value Line Investment Survey provides analysis and research on stocks, mutual funds, options and convertibles and published in three different sections entitled “Ratings and Reports”, “Small and Mid-Cap”, and “Selections and Opinions”. Value Line provides information to assist people in making timely and better-informed investment choices.
The Kiplinger Washington Letter is a weekly newsletter which contains business trends, economic information and U.S. government news.
No Load Fund X is a monthly newsletter which contains information about the best mutual and exchange traded funds and offers information regarding funds to sell or buy.
For those seeking historical information on stocks or businesses, the library has archives of both The New York Times and Scranton-based newspapers on microfilm. The newspapers can be particularly useful during tax season to obtain historical stock quotes. All images from microfilm can be scanned and either printed or saved to a flash drive or other external hard drive.
Morningstar Investment Research Center, an online database, is available both on-site at the library and remotely from anywhere in the community, accessible with a library card number. This valuable database provides information on over 20,000 stocks and funds, including detailed reports, company quarterly reports, stock history for up to 5 years, SEC information and more.
One of Morningstar’s key features is the “Portfolio X-Ray.” This feature allows users to select different stocks for an investment portfolio and see how they complement each other before actually investing any money. This resource can be accessed through the library’s homepage, www.albright.org.
From personal finance to consumer information, the library offers a variety of resources to the community, free of charge. If you don’t have a library card, come in and sign up for one today!