Very fascinating explanation in my opinion about why the stock market boomed in 2020 even though COVID substantially reduced spending in certain sectors and caused millions of Americans to lose their jobs: Essentially the government pumped a ton of money…
In spite of COVID the stock market had a relatively good year in 2020. The S&P 500 (or the “market”) which just measures the stock performance of 500 large companies listed on US stock exchanges finished 16.3% higher in 2020….
“A rising tide most definitely did not lift all boats. It didn’t even lift most of them, as nearly all of the benefits of growth these past 45 years were captured by those at the very top.” According the report…
A significant portion of these ‘coffee deposits’ end up going unused. Since Starbucks digital and physical gift cards have no expiration date, Starbucks uses historical data to estimate how much the company expects will never be redeemed. The company describes…
The one time I refinanced my mortgage in 2015, I paid about $2,100 in closing costs, $400 of which was for an appraisal fee. Several factors like size of the home and location of property can effect the cost of…
Despite how you may be feeling about 2020, it’s been an incredibly great year financially for some of the richest people in the world: A ton of wealth was created in 2020 and if the past is any indication, a…
Very few things in life are free and paying with a credit card isn’t one of them: When you buy something with a credit card, the merchant often remits around 2% of the price to the bank that issued it….
