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In the world of financial investments, a “share certificate” may not be a term that immediately rings a bell. However, it’s a powerful financial tool that’s somewhat akin to a bank’s certificate of deposit (CD). In this article, we’ll delve into the intricacies of share certificates, highlighting their benefits and differences when compared to traditional savings accounts. Share Certificates Demystified A share certificate is essentially a specialized savings account that offers a fixed Annual Percentage Yield (APY) for a predetermined period. Credit unions are the primary institutions that provide these financial instruments, and they’re essentially the credit union’s equivalent of…

When you find yourself grappling with complex financial questions or seeking to secure your financial future, the idea of hiring a financial planner becomes quite appealing. However, the process of finding the right financial planner can quickly become bewildering. You want a financial planner whom you can trust, someone capable of addressing your specific financial needs. You also want someone with a transparent payment structure to avoid potential conflicts of interest. For example, you wouldn’t want an advisor to recommend an investment solely because they earn a commission from it. To simplify your search and ensure unbiased financial guidance, it’s…

The Federal Reserve recently implemented a quarter-percentage-point increase in short-term interest rates to combat inflation, inadvertently affecting the stability of home prices. This move may appear paradoxical, as the Fed is striving to curb inflation. In this article, we explore the consequences of the Federal Reserve’s actions on the housing market and consider whether these measures were indeed necessary. The Fed’s Interest Rate Increase The Federal Open Market Committee, a branch of the central bank, raised the federal funds rate to a range of 5.25% to 5.5%. Prior to the meeting, mortgage rates had already risen in anticipation of this…

In recent years, cashless and contactless payment options have experienced a significant surge in popularity, largely driven by the impact of the COVID-19 pandemic. In tandem with these trends, digital wallet applications and services have also witnessed a considerable uptick in adoption. According to a 2022 study conducted by Juniper Research, it is estimated that by 2026, approximately 60% of the global population, equating to 5.2 billion individuals, will be utilizing digital wallets. As these digital wallets become increasingly prevalent, it raises a pertinent question – can they effectively replace traditional bank accounts? In this article, we will delve into…

As an academic discipline, logic is the study of reasoning. Logic puzzles, therefore, involve making a series of inferences and assessing them using reasoning. Easier logic puzzles for kids tend to have simpler setups—and therefore fewer possibilities to examine and eliminate. Harder logic puzzles for adults, however, are often deceptively short. They seem simple at first, but the solver is often left wondering how there could really be enough information to figure them out. Like some of the hardest math puzzles and math riddles, these puzzles can get very complex. If you look for them online, you’ll find lots of…

In the realm of finance, the term “basis points” is frequently used, and for a good reason. Understanding basis points is crucial for making informed financial decisions, whether you’re managing investments or dealing with loans and interest rates. In this comprehensive guide, we delve deep into the world of basis points, providing you with all the essential information you need. What Are Basis Points? Basis points, often abbreviated as “bps,” represent a unit of measurement in the financial sector. One basis point is equal to 0.01% or 1/100th of a percentage point. This seemingly tiny unit plays a significant role…