A variety of books can help traders take steps toward grasping how psychology works in investing. Trading in the Zone Written by Mark Douglas, this is a must-read for anyone who is struggling to attain consistency in the market. The author provides a roadmap for overcoming many trading issues. This book talks about the short-cuts that people often seek, being swayed by fear or greed, and letting something distract you from your goals....
Klaus Vedfelt In new listing rules proposed to the Securities and Exchange Commission Monday, the Nasdaq would require most listed companies to have at least one “diverse” director within two years and at least two within four to five years, depending on the listing. These would include one who identifies as female and one who identifies as either LGBTQ or as an “underrepresented” minority—Black or African American, Hispanic or Latinx, Asian, Native American or Alaska Native, or Native Hawaiian or Pacific Islander....
If you’re tempted to use a no closing cost mortgage, understand how they work, what the trade-offs are, and when they make the most sense for you. Higher Rates, Lower Fees When you use a no closing cost mortgage, you still pay the fees. Instead of paying these fees upfront in a lump sum, they are added to your mortgage in the form of a slightly higher interest rate. The interest rate is a key “ingredient” when calculating your monthly payment....
Promises Kept Fix Wall Street Candidate Obama said he would streamline regulatory agencies. The Greenbay Press Gazette’s article, “Obama Strikes Back on Economic Reform,” published on September 23, 2008, said that he would focus on those banks that used funds from the Troubled Asset Relief Program. He promised to establish a financial market advisory group, improve transparency for financial disclosure, and would crack down on trading activities that could manipulate markets....
However, the keyword here is “almost.” The IRS is willing to work with taxpayers who come up short at tax time. Making an offer in compromise (OIC) is one of a few options taxpayers have to work things out with the IRS. This program lets you settle your tax debt for less than what you owe. Here’s what you should know about this program. What Is an Offer in Compromise?...
Among the industries hit hardest by the coronavirus pandemic has been hospitality and service—particularly in New York City, where hundreds of restaurateurs and bar owners have either been forced to permanently close their establishments or reopen with strict guidelines. Among those in the latter group are Julie Reiner, a 49-year-old craft mixology pioneer and co-owner of Brooklyn cocktail bars, Clover Club and Leyenda. After shutting down operations for months, Reiner and her partners reopened their doors and had to not only address stringent NYC guidelines to set up shop again, but had to wear multiple hats just to stay in business....
Plenty has been said about President Joe Biden’s goal to distribute up to $1,400 per person in a third round of stimulus payments, but a lesser-known benefit is that each dependent—including adult dependents—would qualify for an additional $1,400, according to the latest plan. In other words, a family of four would be eligible for as much as $5,600. “It’s pretty exciting,” said Whitney Michta, a hairdresser in New Jersey who didn’t know she and her husband would qualify for another $2,800 because of their two young children....
Limited in Scope Coverage B covers damages levied against the insured because of personal and advertising injury. The latter is a defined term that includes seven groups of offenses. Only these offenses are covered. Claims that result from offenses (such as patent infringement) not included in the definition of personal and advertising injury aren’t covered. To be insured under Coverage B, a claim must seek damages for personal and advertising injury caused by an offense that arises out of your business....
To produce our reviews, we collect and analyze more than 50 data points from dozens of lenders. Next, we score the most important features likely to affect your finances, such as interest rates, fees, and qualification requirements. Finally, we continuously track and monitor the banks and loans in our database in order to update our analyses and reviews as the market evolves. How We Rate Loans and Lenders Personal loans and lenders receive scores on an overall scale of zero to five stars....
There’s a good chance that there’s a health plan option out there for you, even if you have little money or have lost your job. Learn about the many options out there and which is best for you. Look Into Your Family Members’ Plans If you have a partner or spouse, find out about their health plan before starting from scratch to secure your own. Their plan may cover you, or it may be very simple to join or get added on....
Peter Muller / Getty Images This principle even extends to a period before the case is filed. When a debtor (the person who files a bankruptcy case) pays some creditors but doesn’t pay other similar creditors shortly before a bankruptcy case is filed, the debtor is said to have made preferential transfers to those creditors. How Preferential Transfers Work When the bankruptcy trustee is trying to determine whether and preferential transfers have occurred, they will look at several factors....
“Mortgage rates have ratcheted up dramatically over the past few months, and historically such large movements have ended with a housing slowdown,” Doug Duncan, Fannie Mae’s chief economist, said in a statement accompanying the forecast. “Consequently, we expect home sales, house prices, and mortgage volumes to cool over the next two years.” Rising mortgage rates, soaring prices, and a severe lack of homes for sale had already been deterring buyers, which contributed to a slowdown in sales in February, according to the National Association of Realtors....
Financial Stability and Customer Service Ratings Progressive Insurance has more than $40.6 billion written in net policy premiums as of 2020 and has excellent financial strength through these insurance rating organizations: S&P: AA “The AA rating shows a strong capacity for a company to meet its financial commitments.” A.M. Best: A+ “Excellent” Fitch: AA “Very Strong” Better Business Bureau Rating Progressive Insurance has an “A+“ rating with the Better Business Bureau....
Here’s a full definition of what promotion is, and examples of the different types of promotions that businesses can use. What Is Promotion? Promotion is a catch-all term that includes all the ways a business can attempt to enhance the visibility of its products, services, or brand. A poster ad at a bus stop is a form of promotion. So is a sale that discounts the price of a product or service for a set amount of time....
Reduce Your Interest Rate One of the best reasons to refinance a car loan is if you have an opportunity to reduce your interest rate. If you previously had no credit or bad credit, it is worth checking into refinancing your car loan after a couple of years to see if you receive better offers. Your credit score may have improved enough to qualify you for a lower interest rate. With a lower interest rate, you will be able to pay off your loan faster or lower your monthly payment while paying it off at the same pace....
Moyo Studio / Getty Images It might seem counterintuitive that anyone would want to give their savings away after making contributions for years in anticipation of the day when they would retire, but there can be tax advantages for doing so. Required Minimum Distributions You must begin taking required minimum distributions (RMD) from a traditional IRA when you reach age 72, or 70 1/2 if you reached 70 1/2 before Dec....
Here are eight tips on what tax records to keep, how to keep them, and how long to keep them: How do you establish proof? Through good record keeping. If you have records substantiating those deductions and expenses, you have satisfied the burden of proof for the IRS. Do not take deductions or claim income without having documentation to supply as proof. The original paper documents should be kept with the ledgers where you recorded the transactions....
Regardless of your income level, it is important to understand how these taxes affect your income so that you can make more informed decisions regarding your financial circumstances—such as when you are voting on new tax laws, making purchases, or creating a budget. What Is a Regressive Tax? Higher-income families, on the other hand, have no problem affording the basics. Taxes can decrease their ability to invest in stocks, add to retirement savings, or purchase luxury items....
Landlords who keep detailed records of their rental property expenses are the ones who benefit the most at tax time. IRS rules regarding rental income are pretty generous, so you’ll want to take advantage of them. Learn how to manage this part of your taxes. Schedule E Tax Tips Landlords must keep excellent records regarding cost basis, income, and expenses. The best way to track these items is to create a spreadsheet....
One of the best ways to do that is to rewrite your resume to include a headline and a profile: A headline (also known as a resume title) is a brief phrase that summarizes what makes you an ideal candidate for the job. A resume profile also provides a summary of your value as a job candidate, but it is often longer. A resume profile is typically a small paragraph or a bulleted list of points....
