The flipping trend seems to be trickling down to smaller investors who are completing fewer flips per year.
About 56 percent of Americans have no savings for an unexpected expense, such as a $1,000 emergency room visit, and would have to borrow or reduce spending somewhere else.
Retail brokerage giant Fidelity Investments said today it has partnered with U.S. Bank and Visa in a program that will offer Visa-branded credit cards to U.S. consumers, including Fidelity’s 24 million customers.
Most Americans who heard CNN host Anderson Cooper mention the 1933 regulation last night at the Democratic presidential debate likely had little idea of the law’s impact on U.S. banking.
For an account of $500,000, for example, even the least expensive of these brokerages will cost an investor nearly half a million dollars over a 30-year investing career — that’s as much as the initial investment.
The steady rise in home prices has bolstered U.S. household wealth to a new high in the second quarter, while mortgage debt is growing at the fastest pace since 2009.
Trading customers of online brokerages couldn’t place buy orders when the Dow plunged 1,000 points on Aug. 24, and they are letting the likes of Scottrade, TD Ameritrade, and E-trade know how displeased they are over losing out on big stock gains when the market rebounded.
More of these crowdfunding projects are turning out to be scams — not just bad business planning or execution by the funding seekers.
Although Patty doesn’t have a mortgage, it costs her $1,200 a month to hold on to her property. “Many people are very surprised to see what the real costs of owning property actually are.”
Most investors in long-term retirement products, such as employer-sponsored 401(k)s, shouldn’t be concerned, unless your investments aren’t properly diversified and you plan to retire in a short period of time.