If you watch the news, you have most certainly heard the term inflation thrown around every so often. While you understand the basic concept of inflation, the rise of prices over time, you may still be left wondering how inflation impacts your wallet.So today, I am going to show you just this. The goal is to help you see exactly how inflation, whether it is rising or … [Read more...]
Why Compound Interest Is Critical to Growing Your Wealth
Do you know about compound interest? Albert Einstein once said that compound interest is the eighth wonder of the world. Yet sadly, many people do not fully understand the power behind it. If they did, they might make smarter financial choices and see their finances improve almost immediately.In this post, I’ll walk you through the basics of compound interest and show you … [Read more...]
JPMorgan Chase (JPM) is Charged with Corruption
JPMorgan Chase & Co. is in hot water again with at least three US government bodies, as it faces allegations of taking bribes. This time the company is expected to settle $130 million worth of fines to the Securities Exchange Commission, $72 million to the U.S. Department of Defense, and $62 million to the Federal Reserve Board of Governors, totaling $264 million. JPMorgan … [Read more...]
How Qapital Can Help You Save for the Holidays
It’s not even Halloween and the holiday ads are already starting. Goodwill toward man is free, but gifts for the people on your list can add up fast.We spend a lot of money on the holidays and not just on family members. We buy things that we believe will make them real happy. According to the National Retail Federation, Last year, Americans spent nearly $460 on gifts for … [Read more...]
Why Banking Stocks Are Not the Place to Be Right Now
If you can think of one type of business that always has money, what would it be? Chances are, you're thinking about banks. That same concept is why so many people feel comfortable investing in big banks like Bank of America. While that may be a good idea most of the time, now is not the time for big banks. Here's why...Where A Big Chunk Of Big Bank Revenue Comes From Big … [Read more...]
