Asian options (also known as average strike options or average options) are a type of exotic option that is priced according to the average price of the underlying commodity, as opposed to the spot price. Read on for how theyâre priced, how they work, pros and cons, and more. What Is an Asian Option? Asian […]
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John Grogan to retire after 31 distinguished years of service, Kamilah Williams-Kemp to succeed as Chief Insurance Officer effective July 1, 2023 MILWAUKEE, March 22, 2023 /PRNewswire/ — Northwestern Mutual Chairman, President and CEO John Schlifske today announced senior leadership changes that position the company for long-term success by providing growth and development opportunities for … [Read more…]
Retirement savers age 50 and older get to put extra tax-advantaged money into their 401(k) accounts beyond the standard annual contribution limits. Those additional savings are known as âcatch-up contributions.â If you have a 401(k) at work, taking advantage of catch-up contributions is key to making the most of your plan, especially as retirement approaches. […]
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Tech IPOs involve a technology company going public, and making its stock available for purchase on the open market by any interested investor. Given the tech sectorâs incredible growth over the past couple of decades, tech IPOs tend to garner a lot of attention from investors, who may feel that theyâre investing in the next […]
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If youâre tackling school debt and looking for ways to maximize your tax refund, one avenue to consider is the student loan interest deduction. This benefit allows you to take a tax deduction for the interest you paid on student loans that you took out for yourself, your spouse, or your dependents. The deduction can […]
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It hasnât been a good few weeks for banks whose names begin with âSiâ (Silvergate, Silicon Valley, and Signature, with Silicon Valley Bank declaring Chapter 11 bankruptcy this morning; todayâs Rundown discusses how the bank crisis may impact lenders). Ah, those clever secondary marketing folks. Cornerstoneâs Henry S. frets, âI canât believe itâs bank collapse season already. I just finished taking down my train derailment decorations.â Certainly, time flies by, and I hope youâre wearing some green today. Originally a religious holiday to honor St. Patrick, who introduced Christianity to Ireland in the 5th century, St. Patrickâs Day has evolved into a celebration of all things Irish, with the first parade on March 17, 1762, in New York City, featuring Irish soldiers who served in the English military. It certainly is more fun to think about celebrating the Irish than the constant stream of headlines as people race to conjecture about the health of world banking, and people crying âshoulda woulda coulda.â The markets seem to be performing a stress test on the Fed. The Federal Reserveâs (Fedâs) tightening seems to be finally having an effect, and an early victim has been smaller banks that did a poor job of managing interest rate and deposit concentration risk. (Todayâs podcast can be found here and this week is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology, and other services in the mortgage industry and in banking.)
Pre-retirees tend to underestimate future Social Security benefits by nearly $2,000.
Aave is a cryptocurrency platform that gives users and participants the ability to borrow and lend crypto without a middleman. In effect, itâs a sort of lending system in the crypto space that letâs users lend and borrow, and earn interest as a result. The platform also has its own crypto tokens, and is a […]
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A bull market occurs when a broad market index rises at least 20% over two months or more. Bull markets signal higher levels of investor confidence and optimism about the future of the market. They are generally a sign of a strong, healthy economy. The opposite scenario, in which stock prices fall by 20% over […]
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A speculative investment is when an investor hopes to profit from a rapid change in the value of an asset, often one thatâs considered non-productive. Many speculative investments are short-term, and they can be made in markets such as foreign currencies, collectives, fine art, and margin trading of stocks. Typically, speculative investments are high-risk positions […]
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