creditcarddebt
ValueWalk
In his podcast addressing the markets today, Louis Navellier offered the following commentary. We are now in the midst of the second quarter earnings announcement season. Already, many stocks are exhibiting relative strength, which is a sign that money is gravitating to those companies that will post the strongest quarterly results and guidance. We are in the midst of a “rolling recovery” as our favorite economist, Ed Yardeni, likes to say. There are essentially four improving industry sectors where we can find stocks, namely (1) semiconductors/cloud computing, (2) oil refining/integrated ener...
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With inflation continuing to rankle consumers across the US, the Federal Reserve has already taken steps to reduce rising costs. Chief among these steps is an increase to interest rates. Unfortunately, many Americans turn to credit card borrowing during times of an economic squeeze. This practice may lead to even greater trouble given credit card interest rates are rising in step with the Federal rate increase. With consumer debt on the rise and potential further interest rate hikes in the months to come, debt consolidation loans may play an important part in offering some consumers financial ...
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The pandemic has had a dramatic and lasting impact on every corner of the economy, from the biggest Fortune 500 companies down to individual pocketbooks. Q2 2021 hedge fund letters, conferences and more One of the most alarming effects has been a sharp increase in individual credit card debt. A new report by Inside 1031 surveyed 1,000 Americans with one or more credit cards about their personal finances — the study’s findings were worrisome, to say the least. Nearly Half of Americans Have Taken on More Debt During COVIDSince the beginning of the pandemic in March 2020, 45% of Americans have ta...
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Financial health is more important than ever in a post-COVID world, and it certainly seems that more people are concerned with their financial stability than ever before. Much of the reason that financial health is so important to people is that so many have been stuck in credit card debt for a large portion of their life. Many enter the workforce in debt, which makes it that much more difficult to get ahead financially in their life and career. Q2 2021 hedge fund letters, conferences and more To examine the financial state of college students in America, College Finance surveyed 625 college s...
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Whitney Tilson’s email to investors discussing his thoughts on the rising inflation; the fed is playing with fire; inflation is coming, here’s what to do about it; a shift in market leadership; credit-card debt keeps falling. Q1 2021 hedge fund letters, conferences and more Thoughts On The Rising Inflation1) To achieve sustained investment success, I generally advise spending the great majority of your time on bottoms-up stock picking – focusing on developing in-depth (and ideally, differentiated) insights about a handful of companies and industries. That said, it pays to at least keep an eye ...
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Amanda Frances, Self-Made Multi-Millionaire Money Queen, provides tips on dealing with card debt in 2021 due to the coronavirus pandemic. Q3 2020 hedge fund letters, conferences and more Tips To Use Card Debt To Work For You In 2021Here are 4 tips for how you can use card debt to work for you, even during a financial crisis: Ask To Have Your Interest Rates LoweredYou can actually call and ask your credit card companies to lower your interest rates. Students in my financial empowerment courses have been doing this for years. Remember: The worst they can say is, “No.” Even if they do, you’ll kno...
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