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My north star(s) for philosophy, management, and politics are Star Wars, The Sopranos, and Game of Thrones, respectively. The Iron Bank (GoT) is a metaphor for today’s financial institutions, if present-day banks didn’t need bailouts or to invent fake accounts to juice compensation. Regardless, it was well known throughout Braavos that The Iron Bank will have its due. If you failed to repay, they’d fund your enemies. So today’s Iron Bankers are the venture capitalists funding (any) incumbents’ enemies. If this makes VCs sound interesting/cool, don’t trust your instincts. Lately, I’ve spent a decent amount of time on the phone with my bank in an attempt to get a home equity line, as I want to load up on Dogecoin.
Getty Since OpenAI launched ChatGPT-4, the biggest names in technology as well as myriads of wannabe start-ups have scrambled to create marketable solutions powered by generative AI. It didn’t take long for the analysts to work out that financial services is the sweet spot for gen AI. Banks, insurers and capital markets firms are a…
Getty There are many financial considerations when planning for a new baby. Everything from diapers to daycare, furniture to formula, the latest car seat -- and of course, accumulating wealth for future endeavors (like college) -- are top of mind for parents. For self-employed parents, there may be additional hurdles to consider, like how to…
Getty Amid increasing fraud cases, is your small business secure? Managing and safeguarding a business is an ongoing process, but proven strategies can protect your business and financial health. Payment fraud poses significant risks for small businesses, often overlooked by the owners. Ignoring this threat can lead to devastating consequences, even business closure. Shockingly, the…
Credit to: arminhamidian What if you could tap into a source of passive income that grows while you sleep?What if there was a way to leverage one of the internet's most powerful platforms without the constant hustle?your blueprint to financial freedom through Reddit. Why Settle for the Ordinary When You Can Revolutionize Your Income?Welcome to Reddit Revenue…
Getty Images/iStockphoto The concept of saving for emergencies is vital in financial planning. One question that certified financial planners Brian Preston and Bo Hanson, hosts of The Money Guy Show, often get revolves around the idea of placing emergency funds in a Roth IRA. A viewer posed a question that many others also ponder–is it advisable to keep…
Getty A few times a year, whether in the financial press or from clients and prospective clients, we encounter comments about mutual funds that contain misconceptions. There are three more-frequent misconceptions that I would like to clear up and purge from investors’ memories. To establish a foundation, it’s essential to understand that a mutual fund,…
Blockchain forensics enables unprecedented surveillance into people’s financial lives, with profound implications for privacy rights. Sophisticated chain analysis tools can de-anonymize users and map entire transaction histories, often without accountability, transparency, or contestability. This level of invasive tracking should deeply concern those who care about privacy. However, it is unclear how accurate many of these tools are.
Crypto Wealth academyDid you know that if you had invested $100 in Bitcoin a decade ago you would have roughly $50 million today. Are you ready to learn about Cryptocurrency and unlock the secrets of GENERATIONAL WEALTH ? Introducing your gateway to success with blockchain, cryptocurrency, and NFTs. The incredible advancements in cryptocurrency and blockchain technology is a game-changing innovation that has the potential to transform lives and make millionaires overnight. The traditional financial system, as we know it, is facing a series of unprecedented challenges
Investing money in a brokerage account is a smart financial move, but many people don’t realize just how powerful investing is as a wealth-building tool. In fact, buying assets that provide you with reasonable returns is one of the keys to achieving financial independence for the vast majority of people. Investing $1,000 a month for two decades is undoubtedly going to help your money to grow, but the specific amount you’ll end up with varies depending on the returns you earn.
Doucefleur / Getty Images/iStockphoto When it comes to financial planning, many people don’t kWhen it comes to financial planning, many people don’t know how to go about it in a way that lets them build wealth or financial security. Because of this, a lot of people turn to financial planners to help get them on track and achieve their short- and long-term financial goals. Unfortunately, just having a financial planner isn’t always enough. Even with the best advice, a lot of people struggle to break their bad money habits and build better ones that help them gain some much-needed financial independence.now how to go about it in a way that lets them build wealth or financial security. Because of this, a l…
The S&P 500 closed out 2023 with a gain of more than 24% and the Dow finished near a record high, as easing inflation, a resilient economy and the prospect of lower interest rates buoyed investors, particularly in the last two months of the year. Stocks closed Friday with modest losses. The S&P 500 slipped 13.52 points, or 0.3%, to 4,769.83. The benchmark index still posted a rare ninth consecutive week of gains and is just 0.6% shy of an all-time high set in January of 2022. The Dow Jones Industrial Average fell 20.56 points, or 0.1%, to 37,689.54 after setting a record Thursday. The Nasdaq slipped 83.78 points, or 0.6%, to 15,011.35, but that was barely a blemish on an annual gain of more than 43%, its best performance since 2020….Story continues…
Any money-minded individual, including all the entrepreneurs out there, should have a goal to understand personal finances and try investment. People who are more knowledgeable about money and investing tend to have a healthier financial life, and make a success of their business ventures.
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VioletaStoimenova/Getty Images Whether you’re searching for the best retirement plan, thinking about future education expenses, or looking at estate planning strategies, seeking out a professional is usually the best way to reach your financial goals. But not all financial and investment experts are guaranteed to put your best interest first. Fiduciaries and financial advisors have similar levels…
Illustration by Cecilia Zhang for Forbes, photos by mevans/Getty Images, Prasert Krainukul/Getty Images, Halfpoint Images/Getty Images, alacatr/Getty Images I wanted to inform you that Chase owes you a refund of $2,000. To expedite the process and ensure you receive your refund as soon as possible, please follow the instructions below: 1. Call Chase Customer Service at…
In a significant move indicating Wall Street’s increasing embrace of Bitcoin, Morgan Stanley, one of the largest financial institutions globally, has disclosed an investment in Bitcoin exchange-traded funds (ETFs). Recent filings with the U.S. Securities and Exchange Commission (SEC) shed light on Morgan Stanley’s positive shift towards owning (albeit indirectly) Bitcoin. According to the filings,…
Credit to: arminhamidian Before developing a mobile app was almost impossible out of the reach to the local business owner. It was simply a financial impossibility for most. But now there is NEW solution. That allows anyone with hardly any technical experience to build amazing beautiful apps, packed with the features they need. Zapable is nothing but…
VentureBeat made with Midjourney A week after partnering with the Financial Times, OpenAI has announced it is teaming up with Stack Overflow – the open platform to discuss and vote on common coding challenges – to improve its models’ ability to handle programming-related tasks. Under the engagement, the terms of which remain undisclosed, OpenAI developers will have…
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As the trend of consumers seeking the aid of all-inclusive wealth managers to design a financial plan grows, ensuring the chosen firm aligns well with your and your family’s needs becomes crucial. While quantitative data like assets under management, employee count, client base, average account size and so forth can be readily accessed via the firm’s ADV filings, it’s often the “less tangible” aspects that play a decisive role in the success (or otherwise) of the partnership. Consider these four pivotal elements when choosing a wealth management firm:
Saving for retirement is all about investing, and no matter how you go about it, you’re going to end up paying taxes on what you save and earn. Taxes on capital gains can eat up a significant portion of your earnings each year. When you’re building wealth and planning for retirement, it’s important to not leave any money on the table. That’s why it’s important to point out that a fiduciary financial advisor can help you optimize a tax strategy and identify savings opportunities to lower your tax liability.
Budgets are flexible tools that can help keep you on track for almost any financial goal. But how should you adjust your budget when the world becomes uncertain? “With the world repeatedly dropping surprise and horror upon our doorsteps over the last few years, people are understandably feeling less and less secure,” says Ryan Cicchelli, founder of Generations Insurance & Financial Services. “This growing uncertainty breeds fear in the populace, which can lead to poor decision-making and compound our problems.”
At the start of the new year, many of us make big, ambitious resolutions to finally get our finances in shape. We vow to slash spending, pay off debt, or double retirement contributions. However, the unwieldy timeline and scope of these New Year’s resolutions often set us up for failure. Come February, most are abandoned as life gets in the way. There is a better approach than the once-a-year push for perfection. Rather than an annual overhaul, consider taking a mini financial reset each month. The beginning or end of the month provides a natural milestone to review finances and set realistic goals for the next 30 days, and this keeps your finances on track all year long.
In recent years, the financial industry has undergone a significant transformation as new fintech companies have developed, bringing innovative technologies and services that are transformative. Fintech is not just changing the financial landscape and fintech investment banking; it is also posing a threat to traditional banks, which must adapt or risk falling behind. Fintech companies offer a diverse array of services that span various areas, including payments, wealth management, data analytics, and investment banking. To stay competitive in the market today, banks must embrace the fintech revolution or risk falling behind. Banks may create new opportunities for growth and stay ahead of the curve by utilizing the benefits of fintech.
Per traditional self-help narratives, if you can’t accomplish your goal, you should ask for advice. Find someone who has successfully landed the job, gotten the promotion, made the grades, achieved the weight loss, or created the financial stability that you want. Tell this person you’re struggling. Then do what she says. According to two leading psychologists, this theory isn’t just hackneyed, it’s wrong.
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