Markets can be turbulent, and as investor, we all experience emotions that effect our decision making and lead to common biases of what should happen next. Investing biases are psychological factors that can lead investors to make irrational decisions, often resulting in poor investment outcomes. These biases can be dangerous for investors because they can […]
In light of recent events, there is concern among investors in the stability of the U.S. banking system. The FDIC has a crucial role to ensure deposits are protected and mitigate potential risk to consumers. The FDIC (Federal Deposit Insurance Corporation) is a U.S. government agency created in 1933 in response to the widespread bank […]
Credit scores were first introduced in the United States in the 1950s by the Fair Isaac Corporation (now known as FICO). The credit scoring system was designed to help lenders assess the creditworthiness of potential borrowers and reduce the risk of lending money to people who may not be able to repay it. Before the […]
The majority of Americans believe that we are already in a recession, and have thought so for quite some time. YouGov is a leading global public opinion and data company that conducts surveys on a wide range of topics, including politics, consumer behavior, and social issues. The results of their surveys can provide insights into […]
Income taxes are a significant source of revenue for governments worldwide. They are levied on the income earned by individuals and corporations, and the rates at which they are taxed vary from country to country. The idea of taxing income dates back to ancient times, but the modern income tax system as we know it […]
Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, has often commented on the role of fear and greed in the stock market. One of his most famous quotes on this topic is: “Be fearful when others are greedy and greedy when others are fearful.” This quote highlights Buffett’s belief that investors should be […]
In the early 90s, the Goosebumps series by R.L. Stine began being published as a children’s horror fiction novel. Stine published 62 books, sold over 400 million copies in 32 languages. Each book features a different, spooky story of young teens who find themselves in scary situations that they have to navigate themselves out of. […]
How is my Social Security Benefit Calculated? The Social Security benefit amount is calculated based on a formula that takes into account your average earnings over your working career, the age at which you start receiving benefits, and the number of credits you have earned. Here is a step-by-step guide on how your Social Security […]
The average American household debt has risen to a record level, and the number may surprise you. Debt plays a significant role in our financial lives. While it can be a valuable tool for financing investments and purchases, not all debt is created equal. Understanding the difference between good debt and bad debt is crucial […]
Creating and sticking to a budget is an essential step in achieving financial stability and reaching financial goals. It allows individuals to control their spending, save money, and plan for the future. Here are some of the most effective ways to implement a budget and take control of your finances: In conclusion, budgeting is an […]
