INTEREST RATES & YOUR FINANCES
When discussing bank accounts, investments, loans, and mortgages, it is important to understand the concept of interest rates. Interest is the price you pay for the temporary use of someone else’s funds. The rate is [...]
AVOIDING ASSET EUPHORIA
If it sounds too good to be true, then it probably is. Every single year, investors face stock markets with drastic ups and downs, making investors nervous about their volatility. That’s because markets have always [...]
2023: THE YEAR OF ROBO-ADVISORS?
Probably not, especially if the Robo-portfolio remains static vs. dynamic. Robo-advisors – computer-based investment services – claim to do a better job managing your money than the flesh-and-blood kind. They charge less: around 0.25% of [...]
Monkeys Throwing Darts
Results in the 12th and 1st months are just as significant as the other 10. Having a monkey throwing darts might work as well as using December or January data to predict the following year’s [...]
Mutual Fund Capital Gains in 2022: Beware
Although markets are negative in 2022, you might still see a tax bill. When an investor sells a stock for more than the purchase price, the investor experiences a capital gain. I like to call [...]
Financial Crisis Amid Recession Threats
Economists agree that the Fed’s aggressive rate hikes will drive economic growth to a halt, leading to a recession. Simultaneously, there's an increased risk of a financial crisis as the U.S. central bank tries to [...]
Powerball Jackpot Could Still Lead to Bankruptcy
The $2.04 billion Powerball jackpot ticket was sold in California, making the ticket holder winner of the largest prize ever. The odds of winning are small, about 1 in 292 million. You are about 400 [...]
FTX Was Waving the Same Madoff Red Flags
FTX, the third-largest cryptocurrency exchange with more than 1 million users, filed for Chapter 11 bankruptcy. Later, cryptocurrency lender, BlockFi announced it paused client withdrawals because of FTX’s implosion. Then the lending arm of crypto [...]