Finance Tips on a daily basis for all major and minor financial issues.
Asset localization is a tax minimization strategy that takes advantage of the fact that different types of investments receive different tax treatments. Using this strategy, an investor determines which securities should be held in tax-deferred accounts and who in taxable accounts to maximize after-tax returns. Who can benefit from this investment strategy, how can locating…
General Motors Co. (GM) is a multinational company headquartered in Detroit, Michigan. The company designs, manufactures and markets vehicles and vehicle parts, and has been a leader in total worldwide vehicle sales for decades. Today, GM produces vehicles in 30 countries, under 10 different brands, including Chevrolet, Buick, GMC and Cadillac. It remains one of…
Halliburton Company (HAL) is trading up more than 2% in Tuesday’s premarket after beating Q4 2020 earnings estimates and hitting modest revenue tips. The oilfield equipment supplier posted earnings of $0.18 per share, $0.04 better than expectations, while revenue fell 37.6% year-over-year to hit $3.24 billion. Earnings per share (EPS) recorded a 44% drop in…
Apple Pay is a mobile payment system used by approximately 45.4 million users in the United States. An Oberlo article predicts that number will reach around 56.7 million in 2026. Key points to remember Apple Pay is definitely safer than cash and has more security features than credit cards. Some security features, such as two-factor…
What is a short-term date? A short date is a forward contract that expires in less than a year. A futures contract is an obligation involving two parties who agree on a fixed price to sell or buy an asset at a pre-determined date and time in the future. In forex trading, a short-term futures…
An easy way to get your credit score can be from your bank. Your credit score is a numerical rating that lenders use, along with your credit reportto assess the risk of offering you a loan or granting you credit. You can get a free credit report from each of the three major credit agencies:…
What is the Gold Reserve Act of 1934? The term Gold Reserve Act of 1934 refers to a law that removed title from all gold and gold certificates held by individuals and institutions and transferred to the United States Treasury. The law, which also included gold held by the Federal Reserve Bank, was signed into…
What is the optimal time to devote to choosing a health insurance to plan? Health insurance is complicated, but most people, no matter how educated, turn out to be bad at making that choice. It’s confusing even for people who understand all the terms, such as deductible and copayment, according to a report by the…
During the dotcom boom of the late 1990s, the notion of dividend investing was laughable. At the time, everything was growing in double-digit percentages, and no one wanted to see a measly 2% gain from dividends. After the bull market of the 1990s ended, dividends became attractive again. For many investors, stocks paying dividends have…