Redwood Trust has announced that it will originate home equity investment (HEI) products through its newly launched in-house platform, Aspire. The real estate investment firm said it plans to directly originate HEI loans from third-party partners and establish direct-to-consumer origination channels. “Redwood has a history of bringing innovative solutions to the non-agency housing market, and … [Read more…]
Inside: Are you wondering is Spirit Airlines safe? While Spirit is a low cost option, are their safety measures up to par? This guide dives into their safety procedures and fleet.
When it comes to flying, safety is paramount.
Meet Spirit Airlines, your go-to American low-cost airline.
This leaves everyone wondering is Spirit Airlines safe.
In this post, we will shed light on a question that might have crossed your mind – Is Spirit Airlines safe?
Spirit Airlines, ranked among the world’s top 20 safest airlines, has been a familiar name in the US aviation industry.
Despite its popularity, misconceptions have led some to doubt its safety quotient due to its low-cost airline status.
Rest assured, in this guide, we will delve deep into Spirit Airlines’ safety records and measures, providing you with comprehensive insights on everything you need to know before choosing them for your journey.
Be it their passenger safety awareness initiatives, effective communication strategies, or impressive safety accreditations, we’re aiming to equip you with data-backed information to help you make an informed decision, allaying any concerns you might have about flying with Spirit Airlines.
Yes, Spirit Airlines is generally safe. It’s just as reliable as any other major US airline, and it has never had a fatal accident since it was founded in 1980.
Spirit Airlines ensures rigorous training for its crew members and pilots to handle various situations efficiently.
Remember, while no airline can guarantee a 100% incident-free flight, Spirit Airlines maintains high safety standards.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Maintaining an exceptional safety record is vital to any airline, and Spirit Airlines is no exception. Their commitment to passenger safety is reflected in their pre-flight safety briefings, proactive lines of communication, and strategic safety initiatives. IATA’s assertion that ranking an airline’s safety based on customer reviews is flawed reinforces the credibility of Spirit Airlines.
We delve deep into the safety record of Spirit Airlines, shedding light on their dedication to passenger safety, and the successful strategies they have implemented. A key point here is the absence of significant safety incidents within the past decade.
Safety ratings reflect an airline’s safety record and compliance with aviation standards – they’re pretty crucial when choosing who to fly with.
For Spirit Airlines, the rating is impressively high!
Remember, though, safety isn’t the entire story. Where Spirit excels in safety, the experience is defined by customer satisfaction and services.
The Spirit Airlines fleet is composed completely of Airbus aircraft, with the Airbus A319, A320, and A321 among them.
Modern and reliable, the average age of the aircraft Spirit utilizes is merely six years old with their 200th plane just delivered. This relatively youthful fleet is one reason why Spirit is counted among the top 20 safest low cost airlines worldwide.
Additionally, Spirit Airlines is constantly investing in new technology to augment the safety and efficiency of its aircraft. This commitment to safety and innovation is proven through regular inspections, diligent maintenance, and strict adherence to the manufacturer-recommended service schedules.
Spirit Airlines, a certified member of IATA, takes passenger safety quite seriously despite its low-cost status.
Here are some of the key safety protocols they follow:
Thus, flying with Spirit Airlines is indeed quite safe.
Note that Spirit Airlines operates under stringent rules set by leading regulatory bodies such as the International Civil Aviation Organization (ICAO) and the Federal Aviation Administration (FAA).
When it comes to air travel, safety is king! One crucial aspect is the training of flight crews.
As such, Spirit has a rigorous training program for pilots and cabin crew. Their focus? Emergency procedures, handling tricky weather, and managing complex flight situations.
Let’s see how Spirit Airlines ensures its crew is well-prepared for any scenario:
That’s Spirit Airlines – keeping you secure, one flight at a time!
Pilot qualifications at Spirit Airlines are stringent to ensure safety and operational efficiency.
Each pilot is required to have a minimum total of 1500 hours in fixed-wing aircraft, however, they prefer 2500 hours. They must possess a current FAA First Class Medical Certificate, an unrestricted Airline Transport Pilot License, and an FCC Radio Telephone Operator Permit. This consolidates their hands-on expertise, their medical fitness for flight duties, and their understanding of complex flight communications.
This rigorous screening guarantees that passengers are in the hands of highly skilled professionals capable of managing various flight scenarios.
Also, the good news, they have increased their pilot pay, which attracts higher-quality candidates!
Emergency landing procedures are rigorously implemented and followed to ensure the safety and well-being of Spirit passengers.
In the event of an unforeseen complication or hazard, such as equipment failure, bird strikes, or detection of smoke or unknown odors on the aircraft, an emergency landing may be necessitated. Emergency landings can also happen due to severe weather turbulence that can potentially lead to risks during a flight.
Spirit Airlines has a commendable safety record, often resorting to these emergency landings as a safety measure to keep the passengers safe.
Despite having to make a few emergency landings over the past thirty years, it is noteworthy that Spirit has not faced any fatal accidents or crashes during this period.
Safety checks are the lifeline of any airline industry, making sure your travel from point A to B is as safe as can be.
When you’re traveling with Spirit Airlines, these safety measures are taken to a whole new level.
Remember, when flying Spirit, your safety isn’t just a priority, it’s their mission.
Flying with Spirit Airlines may be a basic experience, but it’s honestly not all bad. It’s an unpretentious, no-frills airline that delivers exactly what you’re paying for–a cost-effective flight.
Personally, I don’t get why Spirit gets a bad rap because every flight I have taken with Spirit Airlines has always been a good experience.
The cleanliness and modern simplicity of the newly operated Airbus are clean, but the seats remind you of any lack of luxury. Punctuality was another impressive aspect, as both my flights arrived right on schedule, if not a bit earlier.
Many people complain about the absence of an in-flight entertainment system, but it doesn’t affect me as my kids and I were well-prepared with my personal entertainment on my phone and a book as a constant companion – one of my many travel essentials.
Most importantly, Spirit Airlines offers the advantage of budget travel, making it possible to explore more without a steep dent in the wallet.
Personally, I never pay for the extras like seat assignments and carry-on items, so being aware and planning ahead saves you from any surprises.
More often than not, I will purchase the Savers Club as the price to join lowers the airline ticket cost by more than the membership.
Also, I love that Spirit Airlines flies into the newer and much larger terminal at San Diego International Airport!
Looking for a cost-effective alternative for your air travel? Spirit Airlines might be the right choice.
| Pros of Flying with Spirit Airlines: | Cons of Flying with Spirit Airlines: |
|---|---|
| – Budget-friendly fares – offers some of the lowest fares in the industry. – Booking is made easy through both Spirit.com and Spirit mobile app. – It owns one of the youngest, most fuel-efficient fleets in the U.S. – Has commendable safety ratings. – Offers the ability to choose your seat for a fee. – Spirit Airlines generally runs on time. In fact, sometimes you may find flights landing slightly early. – Plane hygiene is one area where Spirit does not compromise. They use mostly new Airbuses, ensuring clean and modern interiors. – Most travelers have spoken favorably about the ground and flight crews of Spirit Airlines. They seem to go above and beyond to make passengers comfortable. |
– Extra charges apply for baggage. Remember, due to their low-cost model, Spirit encourages minimal luggage. – Upgrading your seat doesn’t offer any additional services. – No free meals or drinks are provided during the flight. You will need to purchase these. – Seats may be uncomfortable for some passengers. – Limited free flight cancellation or rescheduling options. – Lack of legroom could potentially hamper your comfort, especially if you’re tall or traveling long distances. – No inflight entertainment systems. – Overhead space may be limited, and you might have to pay extra for more significant carry-ons. |
Finally, if budget is a priority, Spirit Airlines has you covered. The airline offers highly economical options for both domestic and international travel.
You may come across mixed customer reviews regarding Spirit’s customer service. Make sure you come with the right expectations for a budget airline.
Why is Spirit Airlines so cheap, you ask? The answer lies in their unique business strategy.
It’s this clever business model that helps Spirit offer those unbeatable low fares.
In conclusion, your concerns about Spirit Airlines’ safety may be a bit exaggerated.
Spirit Airlines ranks among the top 20 low cost safest airlines.
Over the past decade, Spirit has demonstrated a strong safety record, showing its dedication to passenger safety.
Safety protocols and equipment are prioritized, with crew members undergoing rigorous training to handle diverse scenarios.
Spirit operates with newer aircraft, a move applauded by travel professionals as a cost-effective safety measure.
There have been some criticisms, like limited flight options and cancellations, which should be taken into account in travel planning.
Thus, while no airline can promise absolute safety, Spirit certainly takes measures to ensure passenger well-being.
Don’t forget to get your Amazon travel must haves before your flight!
Originally established in 1980, Spirit is based out of Miramar, Florida, making the world a little smaller with 60+ destinations across the U.S., Central America, South America, and the Caribbean.
They have established themselves as the low-cost, no-frills airline.
What can you expect when flying with Spirit?
So, grab your ticket today and experience a journey filled with comfort, convenience, and cost-efficiency.
Source: moneybliss.org
With the cooling, chilly temps of the fall come our natural desire to slow down and savor the coziness of the season. We swap out our smoothies for soups, swimsuits for sweaters, and soak up the simple joy of staying in. Now’s the time for us to tackle our reading lists alongside setting our autumnal intentions. While there are festivals to visit and outdoor adventures to embark on, this fall, I’m happy to spend the majority of my days being happy at home. And designers’ fall 2023 home decor trends predictions align perfectly with that shift inwards. Warm tones, natural textures, and fabrics that invite you into their comfy cocoon. Prepare to embrace a little timeless, organic luxury this season.
Featured image of Claire Zinnecker’s home by Michelle Nash.
We chatted with The Citizenry team to get the scoop on the fall 2023 home decor trends that will populate our homes. From our conversation, it’s evident that a consistent tone of optimism will inspire the fabrics, furniture, and accent pieces displayed in every room. But more than that, there’s a certain sentimentality woven throughout it all. “We expect this to translate into muted, warm colors that evoke feelings of romance and beauty while also leaning into the stories behind the products and brands that they support,” notes the team.
Intimacy, warmth, and artistry all sit at the core of this prediction. Ahead, the experts explain how this shakes out in the fall 2023 home decor trends you can expect to see through the end of the year. And with the timelessness on display—beyond.
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Sun-baked pinks and tans layer onto warm ivory and pumice tones to bring comfort to interiors this fall. We expect ivory to become the go-to shade of white, from wall colors, to bedding, to upholstered furniture. This creamy tone adds instant warmth while maintaining a neutral foundation to build a home around. We also expect warm undertones to dominate a cooler palette with sages, warm olives, and muted blues.
Expect an increased appetite for organic, natural textures—especially natural wood and bold, high-contrast stones. The closer to their raw state, the better! These components connect our interior spaces to the natural world outside and bring the joy and serenity of the outdoors in, a sentiment consumers are leaning toward.
Textured, luxurious finishes and surfaces bring warmth and interest to spaces. The cozy feel of these pieces are perfect as the days get cooler. This fall, velvet will take center stage as the biggest trend in upholstery, creating an irresistibly warm and cozy space. Plush, wool rugs will continue to trend, especially in warm neutral tones, as well as these same finishes on larger pieces such as seating.
This season, we are introducing our first custom upholstered seating collection featuring a range of performance fabrics including velvets with the goal of bringing durability to everyday elegance.
Consumers are increasing investments in high-quality materials made to last a lifetime —prioritizing a “fewer, better” mentality and leaning into sustainability more than ever. They are looking to invest in soulful, modern heirlooms prioritizing value and longevity in the products they buy.
This fall, contemporary takes on silhouettes inspired by the past will dominate furniture collections. We expect to see old-world charm reemerge with pieces reminiscent of traditional styles infused with refined European lines and modernized silhouettes. These vintage signatures will be high-quality, showcasing artisanal handiwork, and luxe fabrics in current colors will bring these pieces to life.
There’s a continued demand for pieces with subtle, softened shapes in furniture and decor. We find ourselves drawn to designs with a fluid elegance and unexpected forms as these silhouettes add a sense of serenity and calm and create inviting spaces.
Contrary, yet complementary, to the trend of subtle curves, simple gridded patterns have increased in popularity recently. These understated lines, created with texture in addition to color, add a minimal architectural element to any room and anchor the eye in an otherwise undulating environment.
Looking forward, we predict a movement toward a more collected home. Inspired by travels across continents, collections showcasing global patterns offer a more intimate relationship with the outside world. This season, we have a spotlight on Turkish kilim pillows in a range of muted tones, a step toward preserving the unique craft of Kilim weaving.
Source: camillestyles.com
In the investment world, a reward-to-risk ratio indicates how much money an investor stands to gain, against how much they’ll have to risk. For example, a reward-to-risk ratio of 6:1 means that for every dollar an investor stands to lose, they have the potential to gain $6.
The risk-reward ratio is a valuable analytical tool available to investors. Since no investment is genuinely risk-free, the risk-reward ratio helps calculate the potential outcomes of any investment transaction — good or bad.
As noted, the reward-to-risk ratio indicates how much money an investor stands to gain levied against how much they’re risking in order to generate that potential gain. This can be particularly important for those with small portfolios, and it may be helpful to review tips on risk for new investors.
Typically, the more money one invests — such as in high-risk stocks — the more ample the reward if the investment turns out to be a winner. On that note, it may be beneficial to review a guide to high risk stocks, too. Conversely, the less risk you take with an investment, the less reward will likely be earned on the investment.
In addition, the investment itself directly impacts the risk-reward ratio. For example, if an individual parks his money in a savings account at a bank, the risk of losing that money is significantly low, as bank deposits are insured and there’s little chance the bank saver will lose any money on the deal.
In other words, using a savings account to accrue interest is a fairly safe investment.
Likewise, the potential reward for parking cash in a bank savings account is also low. Bank savings accounts offer routinely low interest rates earned on insured bank deposits, meaning the individual will likely earn little in interest on the deposit. If savings accounts were somewhere on an investment risk pyramid, they’d be among other relatively safe investments — low risk, but low potential returns.
Compare that scenario to a stock market investor, who has no guarantees that the money she steers into a stock transaction will be intact in the future. It’s even possible the stock market investor will lose all of her investment principal if the stock turns sour and loses significant value.
Correspondingly, this investor is presumably looking at a greater reward for the risk taken when buying a stock. If the stock climbs in value, the investor is rewarded for the risk she took with the investment, as she’ll likely earn significantly more money on the stock deal than the bank saver will make on the interest earned on his bank deposit.
💡 Quick Tip: Are self-directed brokerage accounts cost efficient? They can be, because they offer the convenience of being able to buy stocks online without using a traditional full-service broker (and the typical broker fees).
The reward-to-risk ratio formula is a fairly straightforward calculation, and involves following a formula.
To calculate risk-reward ratio, divide net profits (which represent the reward) by the cost of the investment’s maximum risk.
For instance, for a risk-reward ratio of 1:3, the investor risks $1 to hopefully gain $3 in profit. For a 1:4 risk-reward ratio, an investor is risking $1 to potentially make $4.
Let’s say an investor is weighing the purchase of a stock selling at $100 per share and the consensus analyst outlook has the stock price topping out at $115 per share with an expected downside bottom of $95 per share.
The investor makes the trade, hoping the stock will rise to 115, but hedges his investment by putting in a “stop-loss” order at $95, ensuring his investment will do no worse by automatically selling out at $95. The investor can also lock in a profit by instructing the broker to automatically sell the stock once it reaches its perceived apex of $115 per share.
As an aside: A stop loss order is a type of market order in which the order that is placed with a stockbroker to buy or sell a specific stock once that security reaches a predetermined price level. The mechanism is specifically designed to place a limit on an investor’s stock position.
In this scenario, the “risk” figure in the equation is $5 — the total amount of money that can be lost if the stock declines and is automatically sold out at $95 (i.e., $100 minus $95 = $5).
The “reward” figure is $15. That’s the amount of per-share money the investor will earn once the share price rises from buying the stock at $100 per share and selling it if and when the stock rises to $115 per share.
Thus, with an expected risk of 5 and an expected reward of 15, the actual risk reward ratio is 1:3 — the potential to lose $5 in order to gain $15.
There are pros and cons to using the risk-reward ratio when investing.
As for the upsides, it’s a relatively simple formula and calculation that can help investors get a sense of whether their strategy makes sense. In that sense, it can be very useful with some basic risk management when tinkering with a portfolio.
On the other hand, it’s a relatively simple formula and calculation that may not be terribly accurate, and doesn’t necessarily deliver a whole lot of additional insight into a strategy. That’s something investors should take to heart, and why they may not want to only rely on risk-reward ratio to guide their overall strategy.
Recommended: Guide to Risk Neutral Probability
Investors have their own comfort levels when assessing risk and reward ratios with their portfolios, with some proceeding cautiously, some taking a moderate dose of investment risk, and still others taking on more risk by investing aggressively on a regular basis.
The investment portfolios you build, either by yourself or with the help of a money management professional, reflect your personal risk tolerance.
Typically, there are three different types of investor when it comes to risk:
• Conservative investors. These investors focus on low-risk, low-reward investments like cash, bonds, bond funds, and large-company stocks or stock funds.
• Moderate investors. These investors look for a blend of risk and reward when constructing their investment portfolios, putting money into lower-risk investment vehicles like bonds, bond funds, and large-company stocks and funds with more broadly based categories like value and/or growth stocks and funds, international stocks, and funds, along with a small slice of alternative funds and investments like real estate, commodities, and stock options and futures.
• Aggressive investors. This type of investor may completely bypass conservative investments and elect to fill his investment portfolio with higher-risk stocks and funds (like overseas stocks or small company stocks), along with higher-risk assets like gold and oil (commodities), stock options and futures, and more.
Each of the above investors recognizes the realities of risk and the potential of reward and balances them in different ways. Even conservative investors will accept a little risk to gain some reward.
For example, a conservative investor may invest in a corporate bond or municipal bond, knowing that in return for a guaranteed profit (in the form of paid interest) and upside asset protection (the bond’s principal being repaid), she takes on the small risk that the bond will default, and the principal and interest on the bond disappears.
An aggressive investor understands that by placing money in a high-risk stock, he is potentially risking some or all of his investment if the stock goes under, or significantly underperforms. In return for that risk, the more aggressive investor may reap the financial rewards of a booming stock price and a resulting major return on his investment.
In either scenario, the investor gauges the risk reward ratio and acts accordingly, betting that the outcome will work out in their favor, and that the risk outweighs the reward.
By not acting at all, and taking both risk and reward out of the equation, the investor won’t see their investment portfolio appreciate in value, and risk losing ground as economic realities like inflation, taxes, and stagnation eat into their wealth.
💡 Quick Tip: Did you know that opening a brokerage account typically doesn’t come with any setup costs? Often, the only requirement to open a brokerage account — aside from providing personal details — is making an initial deposit.
The risk-reward ratio is helpful in allowing investors to get an idea of how much they stand to gain versus how much they stand to lose in a given investment situation. Any risk-reward engagement depends on the quality of the research undertaken by the investor and/or a professional money management specialist.
That research should set the proper expected parameters of the risk (i.e., the money the investor can lose) and the reward (i.e., the expected portfolio gain the investment can make.) Once the risk and reward boundaries are set, the investor can weigh the potential outcomes of the investment scenario and make the decision to go forward (or not) with the investment.
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Generally speaking, a good risk-reward ratio is one that skews toward reward, rather than risk. If the ratio is calculated, a ratio below 1 is better, as it indicates that an investment has a bigger potential reward compared to risk.
A poor risk-reward ratio would be one that is higher or greater than 1, as that would indicate that an investment involves more risk relative to the potential reward.
The risk-reward ratio doesn’t take several factors into account, and some of those include external and current events, market volatility, and liquidity in the markets.
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Source: sofi.com
As part of its broader affordable housing initiatives, Wells Fargo will sponsor a homeownership program alongside the Asian Real Estate Association of America.
The Wells Fargo-AREAA alliance will focus specifically on sustainable homeownership for first-time homebuyers and low to moderate-income Asian American, Native Hawaiian and Pacific Islander (AANHPI) communities.
AREAA found in its annual report that 72% of White Americans own homes. Yet, there are several Asian subcategories where homeownership is 55% or less, including Native Hawaiian, Indonesian, Korean, Pakistani, Hmong, Sri Lankan, Burmese, Bangladeshi, and Nepalese.
Additionally, the initiative will also feature a housing affordability symposium as well as regional events across the U.S. for homebuyers.
“We are committed to being a part of the solution and breaking down the systemic barriers that make homeownership more difficult to attain,” said Valeria Esparza-Chavez, head of Home Lending, Asian Segment at Wells Fargo.
The partnership comes after the bank was hit by several scandals related to its lending practices.
The bank repeatedly misapplied loan payments, wrongfully foreclosed on homes, illegally repossessed vehicles and charged surprise overdraft fees, affecting 16 million customers’ accounts, according to the CFPB. Wells Fargo eventually agreed to pay $1.7 billion to settle multiple consent orders last December.
Additionally, Bloomberg reported in March 2022 that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners. (The bank denied any wrongdoing.)
Since then, Wells Fargo announced plans to invest an additional $100 million to advance racial equity through its $210 million special purpose credit program.
Earlier in April, the bank announced a 10-year partnership with Dallas megachurch affiliate T.D. Jakes Group to build “inclusive communities.”
Source: housingwire.com
Okay, not really. But there is some reason to believe Pokémon GO—the mobile app game that is currently taking the world by storm—could potentially influence home prices.
For the uninitiated, Pokémon GO is an augmented reality game that you play on your smartphone. It uses your phone’s time tracking, camera, and location functionalities to create a pokémon world that you can travel through in real life. Just like the originals, you can try to catch em’ all, or you can train your Pokémon and battle at local gyms.
On your path toward becoming a Pokémon master, there are a few key locations that you have to visit: Poké Stops and gyms.
Poké Stops are where Pokémon trainers check in to gather items that will help evolve their Pokémon. These blue circular signs are tied to real world locations like stores and landmarks.
They don’t just pop up everywhere, though. Some rural areas are entirely lacking Poké Stops, while other places are teeming with them. Because they are integral to growing your Pokémon, users have been flocking to areas that are densely populated by Poké Stops. The demand has caused some in the real estate industry to speculate that homes located in close proximity to a swath of Poké Stops might be a new selling point to prospective buyers. If the demand reaches a high enough volume, it’s possible home prices could go up.
Pokémon gyms are the best place to train and level up your Pokémon. Like Poké Stops, they are also pinned to real world locations. As the premier destination for trainers, not having to travel far to reach one is ideal.
A location surrounded by Poké Stops is one thing, but if you live right next to a gym—or your house is a gym—you have the best shot at making some green off the pokémadness.
Boon Sheridan and his wife, who live in a restored church in Massachusetts, have had the good fortune of their home being labeled a gym. Many churches have been designated as gyms and it seems that the developers of the game failed to check if any of them were occupied. Users have to stay within a certain distance of the gym (Boon’s home) to be granted access, and therefore hang around outside his house at seemingly all hours of the day.
At present, Boon seems to be the only person with a house as a Pokémon gym, but there are no doubt countless residences that are located adjacent to, or very close to, a gym. Video games are famous for their eccentric fans, and it’s not unfathomable to think that some would long to live in a home right next to their favorite Pokémon gym.
Clearly, there is a demand by some to be near Poké Stops and Pokémon gyms, but what are the actual numbers? According to recent data from research firm SensorTower, Pokémon GO has topped 21 million daily active users. That’s more than any other mobile game and it’s only been out for one week! It even has more daily active users than Twitter. As for engagement, Pokémon GO outperforms the seemingly unsurpassable Facebook.
Granted, in a nation of over 300 million people, 21 million is a fairly small percentage. There has also been some speculation that most users aren’t of a home-buying age, and therefore home prices wouldn’t rise since the Pokémon benefits would no longer be marketable.
While we don’t have any hard numbers on age demographics yet, anecdotal evidence and deductive reasoning, lead to the conclusion that many users are in fact of a home buying age.
A quick walk down to the local beach (a popular Pokémon hunting ground) after work revealed that the majority of users were roughly 18-30 years old. The lower end of that spectrum might not be ready for homeownership, but the upper end certainly is.
It makes sense when you consider that the most popular Pokémon series (red/blue/yellow) came out in 1996. The majority of kids who dove headfirst into the Pokémon world (millennials) are now in their twenties, and will be prospective homebuyers soon enough if they aren’t already.
Will the hype last? No one knows. It’s a game, albeit a wildly popular right now. It could burn out, but it could also be here to stay, and as augmented reality technology gets more and more sophisticated, we could be dealing with other games that could potentially affect real estate markets. All I can say is that I wouldn’t sell my home right now if it was a Pokémon gym, but I also wouldn’t invest in any Pokémon hyped property.
Source: totalmortgage.com
Diluted earnings per share (EPS) is a measure of earnings per share that includes a company’s convertible securities. Convertible, or dilutive, securities are stocks or bonds that could potentially become common shares. Basic earnings per share only considers existing common shares.
Diluted EPS, then, includes in its calculation the factor of convertible bondholders, convertible preferred stockholders, and options holders potentially deciding to turn their securities into common shares. If this were to happen, the number of shares outstanding would increase, with earnings staying the same, resulting in lower earnings per share. Diluted EPS will therefore tend to be lower than basic EPS.
What is diluted earnings per share, and how does it differ from basic EPS? Simply put, basic EPS tends to be a higher number than diluted EPS. Basic EPS doesn’t factor in the existence of convertible securities of the impact if they were to be converted into common shares.
Instead, the most basic calculation of earnings per share only takes a company’s net income minus any preferred stock dividends and divides that number by the number of shares outstanding. Convertible securities aren’t factored into the equation.
Because of this, sometimes it’s beneficial to look at a calculation of earnings per share that assumes all possible common shares have been brought into being through existing convertible securities. Doing so gives investors a more realistic view of earnings while assuring no future surprises.
Imagine an investor doing all their homework on the fundamental analysis of a company using only basic earnings per share. EPS, which measures the value that a company delivers to individual shareholders, might look high and the stock pays a good dividend, so the investor might decide the stock is a good one to buy.
But then she learns that the company has been issuing convertible bonds to raise capital and giving new employees stock options to make working there more attractive.
All of a sudden, for some reason, bondholders decide to convert their bonds to common shares, and employees decide to exercise their stock options.
Now this investor’s shares have been diluted, since a bunch of new shares have popped into existence practically overnight. As a result, earnings per share have decreased, and dividends likely have done the same (because the same dividends now have to be paid out to additional shareholders).
If our imaginary investor had used diluted EPS in her calculations, she could have prepared for this kind of scenario at some point. But because this make-believe company created the potential for its stock to be diluted by issuing convertible securities, basic EPS did not provide the full picture.
💡 Quick Tip: When you’re actively investing in stocks, it’s important to ask what types of fees you might have to pay. For example, brokers may charge a flat fee for trading stocks, or require some commission for every trade. Taking the time to manage investment costs can be beneficial over the long term.
The formula for diluted EPS is a company’s net income minus any preferred stock dividends, divided by the company’s average outstanding shares minus its dilutive shares. Or:
Diluted EPS = (Net Income – Preferred Stock Dividends)/(Average Outstanding Shares – Dilutive Shares)
The diluted EPS formula is calculating the amount of earnings per share there would be if dilutive shares were to become common shares. The formula is exactly the same as that of calculating basic EPS, but with one important extra step – adding the number of dilutive shares to the number of average outstanding shares (in the bottom half of the equation).
The sum of both existing common shares and the possible dilutive shares creates a larger number on the bottom half of the equation, while the top half remains the same.
Therefore, diluted EPS tends to be lower than basic EPS, as the company’s net income (minus preferred stock dividends) is being divided by a larger number of shares.
For example, let’s say a company makes $1,000,000 in net income and pays no dividend. There are 800,000 common shares outstanding, 100,000 call options, and 100,000 convertible preferred shares.
The diluted EPS formula would yield a result of $1.00 per share in this example, as we would be dividing 1,000,000 dollars in net income by 1,000,000 total potential shares.
Basic EPS, on the other hand, would be calculated as $1,000,000 divided by the 800,000 current shares, yielding a result of $1.25 per share.
While it’s not difficult to calculate EPS and diluted EPS, many companies share the figures with investors in their earnings reports.
Recommended: What You Should Know About Earnings Calls
Diluted EPS reveals what a company’s earnings per share could look like if holders of convertible securities were to decide to exercise their right to hold common shares, and it’s an important consideration during an investor’s analysis of a stock.
Since companies often issue convertible securities like stock options, convertible bonds, convertible preferred shares, a company’s earnings per share could appear higher than reality when not factoring in the potential for dilution.
Convertible securities might be held by people inside or outside of the company, and they may not be turned into shares anytime soon. But what happens when everyone decides to turn in their convertible securities for shares?
For example, if a company’s stock were to rise in price suddenly, and the company had paid several of its employees bonuses in the form of stock options, those employees might choose to exercise those options.
Now there are more common shares than before, but earnings have not increased. Therefore, in a theoretical example like this, earnings per share will have decreased.
A company issuing employee stock options isn’t always a negative thing, however. If the options keep high-quality employees, the result could be positive for the company over the long run. Using options also reduces expenses that come from paying employee salaries, which could free up capital to help the company grow.
Diluted EPS provides a more conservative earnings per share number since it shows what EPS would be in the event of more new shares coming into existence. Basic EPS could appear to be deceivingly high because it doesn’t calculate for this possibility, so it could be a less reliable indicator of when to buy, sell, or hold a stock.
Of course, there might also be times when diluted EPS is unnecessary. Young companies that are still small and growing might not have had the chance to issue any convertible securities yet, so earnings per share might look the same either way.
Diluted EPS is a measurement of earnings per share that factors in the potential stock dilution that occurs when convertible securities are converted to common shares. Understanding diluted EPS is important so that investors don’t get caught off guard in the event of new common shares being created through the conversion of securities such as stock options, stock warrants, convertible bonds and convertible preferred shares.
When this happens, earnings per share decline, and those who had only been looking at basic EPS in an attempt to determine the profitability of a company will find they made a miscalculation. In some cases, the difference between basic and diluted EPS might not be that different. If a company hasn’t issued convertible securities, or has issued very few convertible securities, then not much dilution would be possible.
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Los Angeles city officials on Wednesday halted a developer’s efforts to build a luxury resort on a Benedict Canyon mountainside.
City Planning Director Vincent Bertoni notified developer Gary Safady that the city was revoking its approval for Safady to pursue a 58-room hotel.
The decision marks a dramatic end to Safady’s quest to build Bulgari Resort Los Angeles, a project that divided residents in Benedict Canyon but had strong support from business and labor groups.
Safady’s attorney, Mike Gatto, said his client has put millions of dollars into the proposed hotel, which has been in the works for six years. The decision to halt the project “sends a message to all looking to invest in Los Angeles that the city can’t be trusted to follow its own rules,” Gatto said.
Safady’s hotel was in the environmental review process after clearing an initial city planning hurdle several years ago. The developer envisioned dozens of bungalows, a sushi restaurant, spa and screening room for hotel guests. He also wanted to put eight homes on the property ranging from 12,000 to 48,000 square feet each.
The 50 to 70 employees who would work at the hotel would be ferried up the canyon road through a carpool program for employees, Safady said.
Councilmembers Katy Yaroslavsky and Paul Krekorian at a May hearing on the Benedict Canyon project.
(Jay L. Clendenin/Los Angeles Times)
City Councilmember Katy Yaroslavsky, whose district includes Benedict Canyon, argued that a hotel is inappropriate for the sensitive Santa Monica Mountains area, particularly amid the growing threat of hillside fires. During her campaign for City Council last year, she spoke out about the development.
After initially failing to persuade her colleagues to try to stop the hotel earlier this year, Yaroslavsky secured enough votes last month. The council voted 8 to 6 to ask the city’s planning director to intervene.
In a letter sent Wednesday to Safady, Bertoni wrote that a hillside hotel “would be inappropriate” for the project site, which has “sensitive habitat areas and areas that may be home to protected or endangered species.”
“While the Department of City Planning anticipated some impacts to the area, the extent of the impacts disclosed by the initial study and further identified through technical reports and in consultation with the California Department of Fish and Wildlife in Santa Monica Mountains Conservancy, are far greater than initially anticipated,” Bertoni wrote, adding that the hotel would also conflict with other city planning goals.
Yaroslavsky, in a statement, thanked Bertoni for his action.
“This is a monumental win for our mountains, and sends a clear message that our hillsides are worth defending,” Yaroslavsky said.
The proposed luxury hotel had foes and fans, including Save Our Canyons, which opposed the project, and Enhance Our Canyon, which advocated for it.
“This is great news,” Mark Levin, a Benedict Canyon resident and a founder of Save Our Canyons, said Wednesday. “This restores all of our collective faith in local government.”
City Hall’s move to halt a development while it is still in the review phase is uncommon but not unprecedented. In 2016, the city stopped a developer from pursing a plan to put hundreds of apartments along Cahuenga Pass.
Yaraoslavsky has said that she expects Safady to bring litigation.
The leader of a group representing construction workers criticized the city’s decision in a statement.
“This action is a job killer. Plain and simple,” Ernesto Medrano, executive secretary of the Los Angeles/Orange Counties Building and Construction Trades Council, said in a statement.
Gatto, the former state assemblyman who represents Safady, said Wednesday that “the planning director’s decision is a direct response to a politician’s campaign promise. It’s legally unprecedented.”
Source: latimes.com
Howdy, friends! This summer, there will be another chautauqua on financial independence in Ecuador. You should consider attending. These Ecuador chautauquas — which are unrelated to the European chautauquas — are always a fun, educational, and bonding experience.
Clarification: At some point, chautauqua founders Cheryl Reed and JL Collins parted ways. Now JL runs the European chautauquas — which are on hiatus — with Katie and Alan Donegan. Cheryl continues to run the unrelated Ecuador gatherings. Both events are excellent.
I often speak about the intersection of money and meaning when I attend.
How can you find purpose in your life — with or without money? How much money is enough? What should you do after you’ve achieved financial independence? These are the sorts of questions I’ve explored at past chautauqua events. I expect these are the same questions being explored in July.
Speakers this year include:
And, of course, we’ll enjoy a presentation from our host, Cheryl Reed. Cheryl founded these money chautauquas with JL Collins in 2013 and she’s hosted ten of them in the past. She likes to discuss happiness and joy and how to develop it in your life.
If you’re interested in attending this chautauqua, you can find more information at the official website. Note that there are two gatherings in Ecuador this year. If it doesn’t work to join this one, perhaps you can attend the second event.
Each chautauqua is different, of course, but the four previous retreats I’ve attended all had similarities:
From what I’ve seen, however, the real value is in the friendships formed during these weeks. Much of our time is spent sitting together discussing life, the universe, and everything.
I’m still in contact with folks from each of the chautauquas I’ve attended in the past. Some of these folks have become close friends with whom I have frequent contact. (Our 2016 crew — the Werewolf Hunters — even rented a house in Utah for an in-person reunion. We visit each other whenever we’re in each other’s cities and have a semi-active group chat.)
I can’t promise that you’ll form life-long friends during this week, but from what I’ve seen, the odds are good. And no wonder. You’re gathering with a group of like-minded people to talk about some deep, personal subjects. Bonding is bound to occur.
Here are a few favorite photos from past chautauquas…
These chautauquas aren’t for everyone, and I know that. But they’re perfect events for a certain class of people. If you think that you are one of those people, hop on over to the website to take a look at the details. Maybe I’ll see you in Ecuador this summer!
One more quick note: I recently joined my pal Grant Sabatier on the Earn & Invest podcast for a discussion about money burnout. These conversations with Grant and Doc G are always entertaining and enlightening.
Source: getrichslowly.org
Looking for an app that does it all – automate savings, track spending, investing, and get a free $250 cash advance?
Welcome to my Albert App Review.
Looking for an all-in-one personal finance app that will help you manage your money, save for your future, or even get a free cash advance when you need it?
In that case, you’ve come to the right spot!
In this Albert App Review, I’ll go over everything you need to know about the popular Albert app, and I will discuss its features, benefits, how the app can help you, and more.
You can sign up for the Albert app here.
The Albert app is becoming more and more popular as a money tool that can simplify your life. Instead of needing a bunch of different financial apps, Albert can help you consolidate your phone and need less. The app is a one-stop shop for your monthly financial needs – it automates savings, helps you manage your budget, and has spending, borrowing, and investing tools. With this easy app and the wide range of tools that you can use, Albert has many benefits.
This app reduces the need for multiple apps since it offers a wide range of tools and features.
If you’re looking for a money saving app, Albert can be a great option to start with. There’s a reason why it’s one of the top money apps in the App Store!
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Albert is one of the most popular personal finance apps, and it is designed to make it easier to save and invest all in one place. This app has features for saving, investing, and budgeting.
The Albert app is a personal finance app that will help you manage your money better by making it easier to save and invest all in one place. This app has features for saving, investing, budgeting, and more.
It has many different features, such as budgeting tools, real-time alerts, and a helpful service where you can ask an expert money questions and get real answers catered to your situation. The app strives to make financial management easier and more organized for everyone.
Albert makes it easy to manage your finances, eliminating the need for visits to physical bank branches or formal phone calls with a financial expert. With the ease of using an app, you can easily track your financial well-being, helping you stay organized, reach goals, and find smart ways to save, spend, and invest. Albert stands out by simplifying your personal finances, all while keeping things very easy to use.
Albert also has a feature where you can get a small cash advance of up to $250 with no late fees, interest, or credit check. This advance is repaid from your next paycheck, giving you the option to avoid high-interest personal loan lenders for those in need of quick cash.
There are no hidden fees, and it is free to sign up. They do have a paid subscription plan that you can sign up for which will give you access to different features such as financial advice from experts. I talk about the paid part further below.
Albert provides instant cash advances to users who need small amounts of money before their payday. They do not charge late fees, interest, or run a credit check for this feature.
This can be a great way to not pay high rates on payday loans for when you just need a little bit of cash.
How it works is that the Albert app will send you up to $250 from your next paycheck straight to your bank account. Then, you simply repay them when you get paid. You can pay a small fee to get your money instantly, or you can wait 2-3 days and get the cash advance for free.
Albert Instant is available to all members of the Albert app who qualify, whether they are a paid subscriber or not. Now, not everyone will qualify. To determine your eligibility for a cash advance, they look at things such as if your income is direct deposited into your connected bank account, if your bank account has been open for at least 2 months and has a balance greater than $0, and if you’ve received consistent income in the past 2 months from the same employer.
The Albert App has many other features, such as:
Albert has a user-friendly banking service through its partnership with FDIC-insured Sutton Bank. This includes features like no minimum balance requirement and access to your paycheck up to two days early.
With an Albert account, you can also earn cash back rewards, such as getting a cash back bonus on gas, groceries, and more when you purchase items with your Albert debit card. You can earn an average of $2.00 per gas tank fill-up. You do need to be a Genius subscriber to take advantage of this benefit.
The app also has fee-free ATMs for their paid subscribers at over 55,000 ATMs (when using the Albert Mastercard debit card).
Albert Savings is the app’s automatic savings tool that is available to Genius subscribers. It saves money from your linked bank account to your Albert Savings account.
This automated savings tool helps you build up your funds without the stress of manual transfers. It analyzes your income and expenses to calculate the amount you can save comfortably. Or, you can manually set your own savings schedule.
The Albert saving feature can help you to save more money and reach your goals.
The money in your Albert Savings account is yours, and you can withdraw it at any time.
The Albert Budgeting feature is super handy and packed with a bunch of useful tools to help you manage your money with ease.
The Albert app has budgeting tools to help you track your income and expenses, find fees that you shouldn’t be paying, and watch your financial progress. The app will send real-time alerts and notifications to help you stay on track with your budget. But, that’s not all.
Other features of Albert Budgeting include:
These are all very helpful features that can help you save a lot of money in the long run.
If you’re new to investing or you’re looking for an easier way to invest, the Albert Investing side of the app can make getting started much, much easier.
With Albert Investing, you can start an investment portfolio that matches the amount of investment risk you want to take on and your financial goals. The app even provides investment guidance and lets you start investing without any minimum investment amount needed.
So, that means that you can start investing with Albert Investing with just $1.
You can get started investing in the app by answering some questions (the app wants to learn more about you so that it can make selections based on your personal situation). The app will then choose individual stocks or funds for you to invest in (or, you can choose these yourself if you know what you want to invest in). You can even ask the app to only invest in themes as well, such as companies that are interested in sustainability and the environment. You can then continue to invest automatically or on a recurring schedule. The auto-investing feature can be a great tool if you are looking to save time and invest regularly without really thinking about it.
This is one of my favorite parts in the app.
The Albert Genius service gives you financial advice from a team of expert financial advisors (this is a team of real human experts that you are able to talk to – not a robot), available through a paid monthly subscription in the app.
You can ask their experts any money question that you have, whether it’s a big or small question, a general question, or something more specific to your personal situation. Your questions can be about anything from credit cards, budgeting, student loans, investing, credit card rewards, life insurance, your personal financial life, and more. These experts will help you answer your questions 7 days a week too. And, there’s no limit to the amount of questions you can ask.
This is a very nice feature to have access to.
Some of the questions you can ask include:
There are so many different questions that you can ask the team at Albert!
Albert Protect is a feature for paid subscribers on the app.
The Albert Protect feature monitors your money around the clock. The app will alert you if something suspicious comes up for any of your connected financial accounts or your identity. The app continuously watches for suspicious activity on your credit report, the dark web, data breaches, and unusual charges.
Signing up for Albert is easy!
Simply click here to get started.
Or, you can head to the Google Play or App Store, depending on your device (Android or iOS), and download the app. Once installed, the app will walk you through the setup process. There’s no need to worry about a credit check as Albert doesn’t require one for signing up.
Next, you’ll be asked some questions about yourself such as your name and age. The app is trying to learn more about you. Here’s what Albert says specifically about the questions that they ask: “We do this in order to best serve your needs: a 19-year-old single student has different financial objectives and priorities than a 37-year-old professional with two kids who will be starting college soon.”
Then, you’ll be asked to connect your financial accounts to the app. So, you may connect your bank account that your bills come out of, your credit card accounts, student loans, mortgage, investments accounts, and more. You can connect as many or as little as you want. This information helps the app better serve you so that it can give you recommendations, track your spending, give you alerts, and more.
After you sign up, you’ll have access to the many features mentioned above to help you manage your finances. As you learned above, there are a lot of tools in this app, so I recommend just playing around in the app at first to better familiarize yourself with it and see how it can help you. Maybe sit down for a few minutes at a time until you understand how to use the app in the best way for your financial situation. That’s exactly what I did when I first downloaded the app because it was a little intimidating at first trying to see all of the different things that the app can do. But, it’s so nice that everything can be done right from one app!
To sign up for the app, they do require that you be a U.S. citizen or resident, be at least 18 years old, and have a bank account with a U.S. financial institution. Unfortunately, at this time, the app is not available to those outside the U.S.
The Albert app has a lot of different features, so you may be wondering what the cost is or if there are any monthly fees.
The great thing is that many of the tools and features on the Albert app are free.
For example, the Albert App has a fee-free cash advance feature to help you cover unexpected expenses. If you need some extra cash until your next paycheck, you can get up to $250 as a cash advance, with no cost. There are no late fees, overdraft fees, or maintenance fees associated with this service.
You can also start investing with as little as $1 and use the free cash advances feature (as long as you meet eligibility requirements) without the need for a subscription.
Now, the Genius subscription does have a cost.
If you’re looking to unlock all of Albert’s helpful budgeting, saving, and investing tools, you might want to consider their Genius subscription. This subscription starts at just $14.99 per month and gives you access to some helpful benefits like cash bonuses and personalized financial advice. Keep in mind that the true value of the Genius subscription depends on how often you use the app and all its features. So, if you’re a frequent user of the app, it could be a great investment in your financial well-being.
Yes, Albert is safe to use.
Let’s start with the basics – the Albert app isn’t a bank, but it teams up with FDIC-insured Sutton Bank to offer you banking services. That means that the money in your Albert Cash account is safe because it’s protected by the Federal Deposit Insurance Corporation (also known as FDIC). That’s a fancy way of saying your funds are insured for up to $250,000.
Your Albert Savings accounts are held at FDIC-insured banks, including Coastal Community Bank, Axos Bank, and Wells Fargo.
When it comes to data security and privacy, Albert takes that seriously too. The app has security measures to protect your sensitive personal and financial information.
As for customer service, if you ever face any issues with the Albert app, you can easily reach out to their support team for assistance. Many Albert app reviews have mentioned their responsive customer service.
Like with any personal finance app, there are pros and cons. I can’t write an Albert app Review and not talk about the pros and cons, so that you can make the best decision for yourself.
Some of the benefits of using Albert include:
While Albert has many helpful tools and features, there are some potential downsides to using the app such as:
Here are answers to commonly asked questions about the Albert app.
Yes, Albert is a trustworthy app. Your banking money is FDIC-insured, with coverage up to $250,000, and your investments are SIPC-insured. The app has many financial tools and you can even get personalized advice from experts.
The maximum for a cash advance is $250.
Albert offers a cash advance feature called Albert Instant. After you enable this feature and meet the requirements, you can access funds quickly, sometimes up to $250.
In some cases, Albert can provide instant cash advances or help you get your paycheck up to two days early via direct deposit, depending on your employer and banking situation.
Getting your hands on the cash you need from Albert is all about the service you’re using. If you’re in a hurry, instant cash advances could have those funds in your pocket right away. But for paycheck advances and other features, it might take a couple of days before you see the money.
Requirements for a cash advance with Albert include a history of consistent income, using the Albert app for a certain period, and having a bank account linked.
Albert does not directly impact your credit score as it is not a lender. However, using the app’s guidance to improve financial management can help you work towards building or maintaining a higher credit score.
Yes, when signing up for the Albert app, it will ask you for your SSN. This is because it is an investment app and they need to verify that it is actually you signing up.
Albert and Chime are different financial apps with different features. Albert focuses on money management, investing, and advice, while Chime is a mobile banking app offering checking and savings account services. Your choice should depend on your financial goals and preferences.
If you’re already an Albert user, this may be a troubleshooting question that you have (and perhaps you searched Google and found this blog post). Albert takes money from your account (such as your bank checking account) to fund the services you’ve opted into, such as investments or automatic savings. You can check the app’s settings or contact Albert to learn more,
Albert is backed by Sutton Bank.
Yes, Albert is a reliable and secure app for managing your finances. It is FDIC and SIPC-insured and has a variety of financial tools and resources to help you improve your financial situation.
I did some research and I found great Albert app reviews on their customer service. The Albert app has customer service options within the app and online. They do not have an option to call their customer service and speak on the phone. But, if you’re like me, you probably prefer to get your questions answered via text message or email anyways.
Yes, the Albert app is a legitimate personal finance app that can help you manage and improve your finances. Millions of people (last I checked, over 10,000,000 people use this app) use the app’s many helpful tools. The app is available for people on Apple or Android devices and it has great reviews.
The Albert app is a helpful all-around financial app that can help many different people. If you’re looking for an all-in-one app to help you save, spend, borrow, and invest, Albert might be a good fit for you. The app is helpful for people who:
Albert takes the work out of managing your finances and may be helpful for people who are trying to stay on top of their personal budget without having to juggle multiple apps.
However, Albert may not be the best fit for everyone and not everyone needs to have it. So, if you fall into any of the below, then this may not be the app for you
I hope you enjoyed my Albert App Review.
I think this is a very helpful app, and I can see why it’s one of the most popular money apps today.
Albert is an app designed to help manage your saving, budgeting, investing, and more, all in one easy app. The app has all of the different money tools that you would want, plus some extras that you may have not realized you needed yet.
Albert is an app that helps you to manage many different parts of your financial life right from your cell phone (it’s not available on computers).
They even have the Genius feature (one of my favorite parts of the app), which is an in-app chat where you can ask one of their experts anything related to money, from credit cards, buying a car, student loans, and more. This is very helpful if you ever have questions about money.
And, if you need cash now, Albert may be able to give you a small advance of up to $250. There are no late fees, interest, or a credit check. If you want to avoid personal loan lenders who have high-interest rates, and only need a small cash advance, then Albert may be a place to start with. How this works is that they send you $250 from your next paycheck. You simply repay them when you receive your next paycheck.
You should keep in mind that investment options don’t include retirement plans and customer service can only be reached via email and text. Though the app’s budgeting tools are more basic compared to budgeting-focused apps, the Albert app still has many, many benefits to help you manage your finances effectively and it’s all from one easy-to-use app.
You can learn more about Albert here.
What’s your favorite personal finance app? Do you use the Albert app?
Source: makingsenseofcents.com