E-Commerce Giant Don’t feel bad if you don’t know what Alibaba Group Holding Ltd does. An Ipsos poll conducted for Thomson Reuters found that 88% of Americans had never heard of the e-commerce company. Based out of China, Alibaba is like a combination of Ebay + Amazon, and is responsible for 80% of all online sales in the world’s… Read More »
What is a stress test? A stress test determines if you have the ability to deal with a financial crisis if things go pear-shaped. It makes the impact of unlikely, but plausible events measurable and transparent. This lets you predict potential problems your finances may face in the future so you can address them early and sleep at… Read More »
We teach kids to not begin a sentence with the word “Because.” We tell them the smallest things in the universe are atoms and molecules. But when the kids grow older they learn about proper grammatical structures and subatomic particles and inevitably realize that the information they were taught as children were simply inaccurate . Popular financial advice like “Don’t… Read More »
While GICs bear certain similarities to other investment products like mutual funds, bonds, CDs, and time/term deposits, they remain distinct from other types of investment vehicles. So what is a GIC? A Guaranteed Investment Certificate is a financial product, usually presenting virtually no risk to the investor’s principle, with the potential for returns. Minimum GIC investments usually start… Read More »
For cat lovers what could be a better housewarming gift than having a furry feline delivered right to your new home? 🙂 The largest bank in Eastern Europe called Sberbank Rossii is offering this unique service right meow. 😀 For a limited time only anyone who signs up for a mortgage with this lender will be able to choose one from a selection of ten different… Read More »
I recently saw a list of financial milestones on The Money Pincher. Ideally all 30 in the list should be achieved when one turns 30 years old 🙂 I still have a few more years to go before turning 30, but I thought it would be interesting to give it a shot anyway 😀 The milestones I’ve already hit are written… Read More »