Arbitrage is the process of taking advantage of a price difference in different markets in order to earn a low-risk profit. In the classic example, an investor buys the asset in the lower-priced market and sells it in the higher-priced market. More likely than not, the price difference is small.…
Key takeaways A backup offer is an offer that’s submitted even though the seller has already accepted an offer from another buyer. Accepting a backup offer as a seller means you have a fall-back in case the buyer in first position falls through. Making a backup offer as a buyer…
Real estate in general — and buying or selling a home in particular — is rife with jargon and slang that’s probably unfamiliar to many. Here’s a glossary of some of the most common terms, with their real estate definitions. General real estate definitions Closing costs: Homebuyers and sellers both…
Key Insights Interest rates directly affect borrowing, saving, and investing decisions. Higher rates make loans more expensive but reward savers. Mortgage payments, credit card debt, and access to credit can shift quickly. Staying informed and adjusting your strategy helps protect your financial health. American Consumer Credit Counseling (ACCC) can guide…
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Key takeaways When it comes to earning cash back on popular spending categories, such as dining and travel, the Capital One Savor Cash Rewards Credit Card and the Chase Freedom Unlimited® are both strong choices. The Capital One Savor Cash Rewards Credit Card could be…
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How First-Year Students Should Manage Credit Cards Responsibly Understanding how first-year students should manage credit cards responsibly means creating a clear system around…
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When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
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When it comes to where you put your money, you probably have a checking account. But what about a savings account? Maybe you’re thinking: What savings . . . my money disappears as fast as it comes in! But a savings account isn’t a bad thing to have—in fact, it…
A lot of people get into stock trading with these grand visions of finding the next Apple or Facebook to invest in and making a huge fortune. But stock trading is a lot like fishing. Your buddy will gladly tell you all about “the big one” he caught on his…
No one becomes great on their own. Each one of us needs someone we can look up to and lean on for support. Luke Skywalker had Obi-Wan Kenobi. Harry Potter had Dumbledore. Katniss Everdeen had Haymitch. And these mentors aren’t confined to the world of fiction! The greatest leaders—from business…
When it comes to investing, there are good options, there are bad options . . . and then there’s options trading. Many “do-it-yourself” investors looking for something to invest in besides stocks have tried their hand at buying and selling options as an alternative. In fact, 2018 was a record…
So you’re dreaming of moving to New York—home of the Statue of Liberty, Times Square and Central Park. The Big Apple tends to get all of the attention, but there’s plenty more to love all throughout the Empire State—like seeing Niagara Falls, boating across the Erie Canal, camping in the…
Maybe you’ve been talking to a buddy of yours at the gym who’s gotten into a type of investing called day trading. Maybe you’ve got some extra cash and you’re thinking about testing the waters yourself—what could it really hurt? Well almost every single person we’ve talked to who has gotten…
Unfortunately, there are a lot of financial “experts” out there who want you to use debt to get rich. They’ll use smoke and mirrors and throw around fancy terms like “leverage” and “margin” to make this sound like a sophisticated investing strategy that will put you on the fast track…
Browsing home listings, dreaming about life’s next chapter, finally reaching your homeownership goals—these are all the exciting things you look forward to when deciding to buy a house. And while all of that is definitely part of the fun and games, coming face to face with a real-life real estate…
Key takeaways Store credit cards may be tempting, but they have their limitations — which include acceptance only at specific brands and chains. In addition to limited usability, store cards can come with high interest rates and low rewards-earning opportunities. If you do a lot of shopping at a single…
Back in the day, it wasn’t unusual for someone to stick with one employer their entire career, working their way up the corporate ladder because there was a really nice pension plan waiting for them at retirement. But by the late 1960s, a lot of things in American society had…
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