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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The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
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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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Key takeaways Travel insurance protects the investment you made in a trip by reimbursing you for unexpected expenses when certain aspects of travel don’t go to plan. Many top travel credit cards provide enough travel insurance benefits to protect you in an emergency or if your plans change. If you…
Think about the biggest life change you’ve had in the past year. The past five years? Now think about what’s coming up in the next five. You’ve probably got at least one major event that either just happened or is getting ready to happen. Maybe you’re celebrating the birth of…
Key takeaways Joint mortgages allow two or more people to combine their assets and income to qualify for a home loan. Joint mortgage loans don’t impact the ownership of the home, which is dictated by the names on the property title. When applying for a joint mortgage, lenders consider the…
Ever been at a dinner party where someone started using fancy investing terms that made everyone feel intimidated? One of the things we love doing is helping people understand complicated investing topics. And market capitalization is one of those $20 words that we like to explain in simple terms. Let’s take a…
Nitat Termmee/Getty Images While it’s not at all unusual for a bank to be open for at least a few hours on Saturdays, most are still closed on Sundays. However, modern schedules have pushed a few banks to offer limited Sunday hours. Still, it’s typically only a select few branches…
You’re not alone if thinking about life insurance doesn’t fall high on your list of fun things to do. But part of the “fun” of being an adult means handling business every day, right? Right! And besides, once you know a few basic things about how life insurance works and…
With about $160,000 in delinquent private student loans and monthly payments she couldn’t afford, Caitlin Cipriano was tired of hearing from debt collectors. So, you can understand Cipriano’s hesitation when a refinancing lender asked her to purposefully ignore her debt. “The calls got more and more intense,” recalls Cipriano, a…
You’re probably somewhat aware of your personality type: whether you’re an introvert or an extrovert, a control freak or totally laid back. But did you know you have a money personality type too? We each have our own tendencies that make up our money personality as a whole. You may…
Mirel Kipioro/iStock/Getty Images Key takeaways The Capital One mobile app allows banking and credit card customers to access and manage their accounts in a secure way. The Capital One mobile app supports two-factor authentication, as well as multiple sign-in options. Once logged into the app, you can use it to…
Key takeaways Financial advisors are not all regulated in the same way. Investment advisors have different regulatory standards to meet than financial planners, insurance agents and registered financial professionals. Some financial advisors are fiduciaries, which means that they are legally required to put their clients’ interests first. But others are…
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