Why are most brokerage firms owned by banks?

June 30, 2024 No Comments

A: Most brokerage firms are owned by banks because this allows the banks to act as both brokers and dealers, and they have more resources at their disposal to weather market fluctuations. When banks execute transactions for an individual client, they are considered brokers. However,

Why are most brokerage firms owned by banks?

July 7, 2024 No Comments

Why do MBS (mortgage-backed securities) still exist if they created so much trouble in 2008?

June 30, 2024 No Comments

A: Despite their infamous reputation and presumed involvement in the financial crisis of 2007-2008, there are several different arguments in favor of allowing market participants to trade and own mortgage-backed securities (MBS). At its basic level, an MBS is any investment solution that uses commercial

Why do MBS (mortgage-backed securities) still exist if they created so much trouble in 2008?

July 7, 2024 No Comments

Why do most of my mortgage payments start out as interest?

June 30, 2024 No Comments

A: When you make a mortgage payment, the amount paid is a combination of an interest charge and principal repayment. Over the life of the mortgage, the portions of interest to principal will change. At first, your payment will be primarily interest, with a small

Why do most of my mortgage payments start out as interest?

July 7, 2024 No Comments

Why do you need an emergency fund?

June 30, 2024 No Comments

An emergency fund is very handy when unplanned and unexpected expenses arise. It is always advisable to have some money tucked away for a rainy day, as an emergency fund can supplement any temporarily foregone income or can be used for an infrequent/unexpected purchase. Usually,

Why do you need an emergency fund?

July 7, 2024 No Comments

Why should I pay myself first?

June 30, 2024 No Comments

A: The concept of “paying yourself first” is one of the pillars of personal finance and considered the golden rule by many financial planners. The basic idea is simple to understand. As soon as you get paid, put money into your savings account first. Before

Why should I pay myself first?

July 7, 2024 No Comments

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