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 […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-03-23 12:05:212023-03-23 12:05:23Psychology of Investing & the Six Biases Investors Face
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 […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-03-16 12:40:292023-03-16 12:40:29What is the FDIC and How Does it Work?
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 […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-03-09 13:01:142023-03-09 13:01:15How to Build & Maintain a Good Credit Score
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 […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-03-02 11:41:142023-03-02 11:41:15The History of Income Taxes and Common Deductions & Credits Today
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 […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-02-23 12:06:122023-02-23 12:06:13Fear, Greed & the Chart of the Week
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 […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-02-16 11:41:292023-03-02 11:40:195 FAQs About 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 […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-02-09 10:44:582023-02-09 10:58:06Good Debt vs Bad Debt: What are the Differences?
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 […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-02-02 12:57:242023-02-09 09:41:59Guideline to a Successful Budget
When it comes to saving for retirement, one of the most popular options is a 401(k) plan. One of the key decisions that individuals need to make when contributing to a 401(k) plan is whether to make Roth or pretax contributions. Both options have their own set of pros and cons, and the decision of […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-01-26 12:37:172023-02-09 09:41:32Pretax or Roth 401k Contributions? How to Decide
When it comes to choosing a place to live, deciding whether to buy or rent a home is one of the biggest decisions you’ll ever make. The choice will impact your lifestyle, your financial well-being and also affects your future. In this guide, we’ll break down the pros and cons of buying vs renting a […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-01-19 15:08:002023-02-09 09:42:38Rent vs Buy? 5 Reasons for Both
As we turn the calendar to 2023, many investors are happy to put 2022 behind them. 2022 was a roller coaster as the markets were anything but predictable accompanied by inflation hitting 40-year highs, rapid interest rate increases and mounting layoffs spanning across the economy as it begins to contract from all the policy changes. […]
https://lakest.com/wp-content/uploads/lake-street-logo.png00Amanda Halehttps://lakest.com/wp-content/uploads/lake-street-logo.pngAmanda Hale2023-01-17 10:01:142023-01-17 10:01:16ON THE STREET MONTHLY - LEAVING BEHIND 2022 AND WELCOMING 2023
During the third quarter of 2022, leading up to and entering the fourth quarter of 2022, massive layoffs are becoming increasingly common in the technology sector. Companies such as Twitter (recently purchased by Elon Musk) and Amazon have both had to downsize their workforces due to rising costs and slipping profits. This is especially troubling […]
Psychology of Investing & the Six Biases Investors Face
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 […]
What is the FDIC and How Does it Work?
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 […]
How to Build & Maintain a Good Credit Score
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 Anticipated Recession that the Economy Ignores
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 […]
The History of Income Taxes and Common Deductions & Credits Today
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 […]
Fear, Greed & the Chart of the Week
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 […]
Social Security Guide and Goosebumps
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. […]
5 FAQs About Social Security
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 […]
Good Debt vs Bad Debt: What are the Differences?
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 […]
Guideline to a Successful Budget
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 […]
Pretax or Roth 401k Contributions? How to Decide
When it comes to saving for retirement, one of the most popular options is a 401(k) plan. One of the key decisions that individuals need to make when contributing to a 401(k) plan is whether to make Roth or pretax contributions. Both options have their own set of pros and cons, and the decision of […]
Rent vs Buy? 5 Reasons for Both
When it comes to choosing a place to live, deciding whether to buy or rent a home is one of the biggest decisions you’ll ever make. The choice will impact your lifestyle, your financial well-being and also affects your future. In this guide, we’ll break down the pros and cons of buying vs renting a […]
ON THE STREET MONTHLY – LEAVING BEHIND 2022 AND WELCOMING 2023
As we turn the calendar to 2023, many investors are happy to put 2022 behind them. 2022 was a roller coaster as the markets were anything but predictable accompanied by inflation hitting 40-year highs, rapid interest rate increases and mounting layoffs spanning across the economy as it begins to contract from all the policy changes. […]
ON THE STREET MONTHLY – TECHNOLOGY LAYOFFS SIGNALS LABOR SHIFT
During the third quarter of 2022, leading up to and entering the fourth quarter of 2022, massive layoffs are becoming increasingly common in the technology sector. Companies such as Twitter (recently purchased by Elon Musk) and Amazon have both had to downsize their workforces due to rising costs and slipping profits. This is especially troubling […]