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Apache is functioning normally

May 21, 2023 by Brett Tams

A New Year, A Financial Lifeline?

How are you doing on your New Year’s resolutions and goals? Are you still on track? Many take no action and expect different results. Why do we keep doing the same things over and over and “hope” things will mysteriously “change”? Hope and change are more than words. They can win elections, but the proof is in the results. Are you getting the financial results you desire?

As finances affect almost every area of our lives, stewardship should be one of the areas that capture our greatest attention in the New Year. Yet as a portfolio manager and financial advisor for the past 16 years, I am finding this is the area most people neglect. They get “too busy” or “uninterested” or even “unsure” how to plan ahead.

With the troubled economy, many financial problems that were covered over during the prosperous times have now been exposed. It’s not difficult to survive when jobs are plentiful and credit is easy! However in today’s economy smart money moves are a hot commodity!

Now as important as it is to make wise decisions with your money, it is just as important to avoid the bad money mistakes. These money mistakes are what cause people to go deeper in debt, not save enough for retirement, and lose money in the stock market to name a few.

In 2011, this is your year to make things right! Out with the old and in with the new. If you’ve already started saving for your future, this is the year to supercharge your savings. If you haven’t started, well this is the year to start! In order to plan ahead, we have to make sure we have a plan to combat the four deadly forces that wreak havoc in our finances.

To Win The Battle, We Need A Game Plan!

To win at the money game, you will need to be aware of the dangers that lie ahead. You can never be bullet proof, but having plans in place can soften the blows that are sure to come. Let’s look at four problem areas that have the potential to blow up a financial plan.

Problem Area # 1: Ignoring Inflation

Inflation erodes your future purchasing power over time. $100,000 in 2011 will not buy less products and services in 2012, never mind twenty years from now Are equities the best investment choice during inflationary periods of the market? Quite often, the answer is “no.”

What about bonds? Think again! These usually do not do well either. So what’s the magic answer? When inflation appears, the assets that tend to perform the best are alternative investments such as private equity funds, real estate investment trusts and commodities. These may not only help you diversify your portfolio, but also help you fight the effects of inflation on your invested assets.

Interest rates are starting to rise and I believe hyper-inflation (high inflation) is right around the corner. As you invest, you’ve got to recognize the impact that inflation can have on your investments and plan accordingly.

We Are Planning Ahead Right Now!

At FaithBasedInvestor.com, we are loading up on investments that do well during inflationary periods:

• Precious metals: We will continue to hold investments that have inflation protection. Gold and silver should continue to be hot commodities.
• Agriculture: We will continue holding companies and investments that have exposure to the food industries.
• Energy: We will continue to hold and look for opportunities in the energy sector: coal, oil, and alternative energy solutions.
• Foreign Currencies: We will diversify our domestic exposure (US Dollars) by using foreign currencies like the Yen, Swiss Franc, and Aussie Dollar.
• Dividend Stocks: We will look to hold and seek out companies paying dividends. This will help us with cash flow and outpacing inflation.
• Inflation-Protected Bonds: We will continue to hold U.S. and foreign bonds that have inflation protection.

Problem Area # 2: Ignoring Investment Fees

Investment fees represent the second wealth killer. These fees can add up to thousands or even millions of dollars over decades of compounding. 401(k) management and administration fees, mutual fund fees, and annuity expenses wipe out investor’s wealth each and every year. The Department of Labor recently showed that even a 1% increase in your fees can wipe out as much as 28% of the value of your 401(k) over time. Also look at your mutual funds. The average cost of most funds is north of 3% annually! (1.6% average expense ratio and 1.4% SAI Fees) For more on fees check out this article on 4 reasons why mutual funds are lousy investments.

Problem Area #3: Ignoring Taxes

The big appeal of 401(k)’s and IRAs is the ability to defer taxes, right? However, with the United States’ $14 trillion worth of debt, which likely direction do you anticipate future tax rates will go? 401(k)s, IRAs, and annuities are ticking tax bombs! The biggest problem with deferring taxes is this:

Let’s say you are successful managing your investments and grow a HUGE nest egg. Congratulations, right? Yes, it’s great to have more money! However, at retirement age when you pull this money out, all that growth and your tax deferred contributions now become fully taxable ordinary income when withdrawn. Say you save $5,000 and it grows to $100,000. The entire $100,000 is fully taxable. At a 40% tax rate, that’s $40,000 in taxes! The government allowed you the initial tax deduction of $5,000 for $40,000 or more in the future. Not a bad deal FOR THEM!

Now don’t hear we wrong. I’m not saving you shouldn’t have any tax-deferred investments. I just wouldn’t put all your savings here. I would have a combination of tax-deferred, tax-free, and taxable savings. It’s simply hedging your tax exposure.

Problem Area #4: Taking Far Too Much Risk For Too Little Of A Return

Many people tell you to buy an index fund and hold it forever… Or take a look at mutual funds with good five and ten year track records and you will do great! Good in theory, bad in practice for most investors. If you put $100,000 into an S&P 500 index back in 2000, that would be worth about $114,000 – a gain of nearly 14% in the S&P 500 fund from January, 2000 to January of 2011. Wow! 14% for 11 years worth of a roller coaster! Was this little return worth all of those sleepless nights?

Instead choose investments that are in line with your faith and values and you know inside and out. Most investors hand off their money to “someone else”, be it a mutual fund, advisor, broker, or money manager, without understanding what they are investing in, how much risk they are taking, what values they are supporting, and how liquid or illiquid the investment is.

Make This The Year To Get Educated

Don’t just take my word for it. Do the research, do your homework! Make this the year you will read up on finance and start making wiser decisions. What are your thoughts?

Source: biblemoneymatters.com

Apache is functioning normally

May 21, 2023 by Brett Tams

SAN FRANCISCO–(BUSINESS WIRE)–Ellis George Cipollone O’Brien Annaguey LLP, Ben Crump, Willie L. Brown Jr. state that May 17, 2023 marks the sixty-ninth anniversary of the landmark decision of the United States Supreme Court in Brown v. Board of Education, which did away with the doctrine of “separate but equal” in public education. However, in the nearly seven decades since that decision, through documented redlining, predatory lending practices, and blatant discrimination, many urban neighborhoods remain largely unchanged in their racial demographics. Banks and other financial institutions have refused to lend to certain minorities in specific areas, thus keeping the attainment of home ownership out of their grasp and further undermining minorities pursuit of the American dream. Record low-interest rates at the start of the COVID-19 pandemic were thought to have presented a unique opportunity for these minorities to achieve new home ownership and secure their existing homes for the next generation, but an ongoing lawsuit against the country’s largest mortgage lender, Wells Fargo Bank, alleges the opposite occurred.

The consolidated complaint filed before federal Judge James Donato in the Northern District of California Court alleges “that Black and other minority applicants had their applications intentionally and disproportionately denied, faced unjustified delays in the processing of their applications, and were given less favorable terms, which resulted in Wells Fargo systematically engaging in a new form of redlining that harmed Plaintiffs based on their race and ethnicity,” according to Dennis S. Ellis of Ellis George Cipollone O’Brien Annaguey LLP (EGC), who was appointed by Judge Donato to lead the suit against Wells Fargo and estimates that these practices could have affected as many as 750,000 individuals.

The suit further alleges that at a time when millions of white Americans were able to take advantage of historically low-interest rates for home loans, Wells Fargo approved just 47% of refinance applications by Black homeowners, 53% for Hispanic and/or Latino refinance applicants, and 67% of Asian-American refinance applicants, compared with 71%, 79%, and 85% respectively for these same ethnic groups across all other lenders.

Aaron Braxton, a Los Angeles homeowner, was one of the first to file a complaint in 2020, alleging that Wells Fargo systematically discriminated against him and potentially thousands of other Black homeowners in its evaluation of refinancing applications. Danville resident Dr. Gia Gray also serves as a representative plaintiff in the class action, claiming that despite her 800 FICO Wells Fargo denied her request to refinance properties in Stockton, California and Chicago, Illinois, historically diverse neighborhoods that Wells Fargo characterized as “high risk.”

“Systematic racial discrimination in home ownership and financing is one of the most significant causes for the stark differences in generational wealth between Black Americans and others,” stated well-known civil rights attorney Ben Crump, who serves as co-counsel on the matter. “That Wells Fargo would continue to exhibit this kind of behavior in the 21st century is unconscionable. This case is about justice, not only for the named plaintiffs in this case but for every Black applicant or homeowner who was turned away by Wells Fargo because of the color of their skin.”

Wells Fargo, headquartered in San Francisco at 420 Montgomery Street, is no stranger to allegations regarding its lending practices, including discrimination. Late last year, the Consumer Financial Protection Bureau (CFPB) ordered Wells Fargo to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines. The CFPB concluded that the bank’s illegal conduct led to billions of dollars in financial harm to its customers and, for thousands of customers, the loss of their vehicles and homes.

In 2012, Wells Fargo agreed to pay $184 million to settle claims with the U.S. Department of Justice that the bank pushed Black and Hispanic homeowners to obtain subprime mortgages and then charged them higher fees and interest rates.

In 2015, the City of Oakland sued Wells Fargo over its racially discriminatory banking practices, and the current Oakland City Attorney, Barbara J. Parker, remains concerned about Wells Fargo’s ongoing practices. “It is outrageous, but sadly not surprising, that Wells Fargo continues to engage in predatory and racially discriminatory lending practices in 2023,” said Parker. “Home ownership is a fundamental tool to redress this nation’s legacy of slavery and the federal government’s history of racially discriminatory housing laws, practices, and policies. I and the City of Oakland stand united with the plaintiffs and applaud them and their attorneys for holding Wells Fargo’s feet to the fire to stop this unconscionable behavior.”

Former San Francisco Mayor Willie L. Brown, Jr., who was once a victim of housing discrimination, will join Ben Crump at the press conference to his voice in support of the action. Brown Jr. states, “In 1961, as a young lawyer, I led a sit-in to protest housing discrimination in San Francisco and met a young Dianne Feinstein who had brought her daughter in a stroller to my demonstration. Being from the totally segregated Mineola, Texas, I was angered but not surprised to find that housing discrimination existed in San Francisco. Now some 62 years later and exactly 69 years since Brown vs The Board of Education, I again find myself angered but not surprised at Wells Fargo’s blatantly discriminatory lending policies pertaining to qualified minorities still exist.”

The May 17, 2023, 11:30 AM PT PRESS CONFERENCE LIVE STREAM can be viewed HERE.

WHAT: Press Conference supporting court action alleging that Wells Fargo systematically discriminated against minorities in home loan lending practices.

WHO: Attorney Trent Copeland of Ellis George Cipollone O’Brien Annaguey LLP, legendary civil rights attorney Benjamin Crump and former San Francisco Mayor Willie L. Brown Jr.

The complaint can be viewed HERE.

Source: businesswire.com

Apache is functioning normally

May 21, 2023 by Brett Tams

The evolution of technology has made financial transactions a breeze, transforming our smartphones into financial hubs. Among the leading mobile payment apps are Cash App and Venmo.

Each platform has distinct features, leaving many potential users wondering which is better. This comprehensive review will analyze the key components of both services, helping you make an informed decision.

History and Overview of Cash App and Venmo

Cash App came into existence in 2013, an innovative solution provided by Square Inc. Its intuitive design, combined with extensive functionalities, has attracted millions of cash app users.

On the other hand, Venmo, a product of PayPal, was launched in 2009 and has since then grown exponentially. With a unique social element, it has appealed to a significant number of digital-savvy users.

Setting Up and Using the Platforms

Setting up a Cash App account or a Venmo account requires just a few steps. Both platforms necessitate linking a bank account or a credit card to facilitate transactions. The setup processes are user-friendly, requiring minimal technical skills.

Cash App and Venmo both provide a seamless user interface on various platforms – iOS, Android, and web browsers. Venmo users often laud the app’s social feed that documents their transaction history, a feature absent in Cash App.

Sending and Receiving Money

In the modern age of digitization, moving money between accounts or between individuals should be a straightforward and efficient process. Both Cash App and Venmo place this feature at the heart of their service, allowing users to send and receive money with ease. Let’s delve into the specifics of how this process unfolds on each platform.

Cash App: Instantaneous Money Movement

One of Cash App’s core functionalities is the ability to send and receive money instantly. After setting up an account and linking a bank account, users can send money by tapping the ‘$’ icon at the bottom of the main screen. The app then prompts users to input an amount and choose a recipient from their contact list, or by manually entering the recipient’s phone number, email, or $Cashtag, a unique username for Cash App users.

Receiving money on Cash App is just as straightforward. When another user sends you money, it lands in your Cash App account, reflected in your app balance. You can keep the funds in the app for future payments or withdraw it to your linked bank account.

One notable feature of Cash App is the ability to send and receive Bitcoin, an offering not currently available on Venmo. For users interested in cryptocurrencies, this could be a determining factor in their choice of app.

Cash App has some limitations regarding how much money users can send or receive. Users can send up to $7,500 per week and receive an unlimited amount once their account is verified. Unverified accounts have a $1,000 monthly receiving limit.

Venmo: A Social Approach to Transactions

Venmo takes a slightly different approach, integrating social elements into the process of sending and receiving money. To send money, users tap the ‘Pay or Request’ button at the bottom of the screen, select a contact (or multiple contacts for group payments), enter an amount, and add a note describing the payment. These notes, often including emojis or funny descriptions, are a part of Venmo’s unique charm.

Receiving money on Venmo is as straightforward as Cash App. The money received lands in your Venmo balance and can be kept there for future Venmo transactions or transferred to a linked bank account. It’s worth noting that money received does not automatically transfer to your bank account, providing users the flexibility to manage their Venmo balance independently.

As for limitations, Venmo users can send up to $4,999.99 per week for person-to-person transactions, once identity verification is completed. For unverified accounts, the limit is at $299.99 per week. There’s no limit to how much money users can receive on Venmo.

Unique Features and Services

Beyond just enabling peer-to-peer money transactions, both Cash App and Venmo have developed unique features and services that add value to their user experience and set them apart in the competitive digital payments industry. Let’s take a closer look at what each platform offers.

Cash App: Bitcoin and Stocks

Cash App differentiates itself from Venmo and other competitors with its Bitcoin trading feature. Users can directly buy and sell Bitcoin from their Cash App balance. This introduction of cryptocurrency to the platform has made Cash App a more versatile financial tool, allowing users to participate in the ever-growing crypto market conveniently.

Furthermore, Cash App also offers a stock trading feature. With as little as $1, users can invest in stocks, opening the world of stock trading to a broader audience. Whether you’re a seasoned investor or a newbie just starting, Cash App’s investing feature offers an accessible way to diversify your financial portfolio. Please note that the brokerage services are provided by Cash App Investing LLC, a subsidiary of Square, Inc.

Moreover, the Cash Boost feature is another unique offering. Users with the Cash Card can activate boosts in the app to save money on purchases at certain vendors. Boosts offer instant discounts and are easy to use, making them a favorite among Cash App users.

Venmo: Social Payments and Business Profiles

Venmo’s standout feature is the integration of social elements into its platform. Each payment or request comes with a note that shows up in a feed, much like a social media timeline. It’s a unique approach that adds a fun, social aspect to financial transactions. Users can even like and comment on their friends’ transactions, making Venmo a more interactive experience compared to other payment apps.

In addition to its social component, Venmo also offers business profiles. Small businesses and sellers can set up a professional profile on Venmo, separate from their personal profile. This feature allows businesses to accept payments from customers on Venmo, making transactions convenient for both parties. It also offers sellers exposure to Venmo’s vast user base, providing them an opportunity to expand their business reach.

Venmo has also ventured into the credit card market. The Venmo Credit Card, issued by Synchrony Bank, allows users to earn custom cash back on their spending, directly into their Venmo account. This move into the credit card market offers Venmo users a more comprehensive financial experience, all within one app.

Fees and Limits

One crucial aspect to consider while choosing between Cash App and Venmo is the costs associated with their services. Each platform has its unique fee structures and limits which may impact users differently, depending on their needs and usage.

Cash App: Fees and Transaction Limits

Cash App allows users to send and receive money for free. However, for instant transfers to a linked bank account, there’s a 1.5% fee. Standard transfers, which can take up to three business days, are free. If you are sending money via a credit card, a 3% fee is charged.

There’s no fee to use Cash App’s Bitcoin and stock trading services. However, the app does have a spread between buy and sell prices for Bitcoin, which effectively acts as a fee.

Cash App allows users to send up to $7,500 per week, and there’s no limit on the amount you can receive. The platform also has withdrawal limits: $250 per transaction, $1,000 in any 24-hour period, $1,000 in any seven-day period, and $1,250 in any 30-day period.

As for the Cash Card, ATM withdrawals are free if the user makes at least $300 in direct deposits to their Cash App account in the last 31 days. Otherwise, the fee is $2.50, in addition to any ATM operator fees.

Venmo: Transaction Charges and Limits

Venmo doesn’t charge for basic services like sending money from a linked bank account, debit card, or your Venmo balance. However, there’s a 3% fee on credit card payments and some business payments.

Venmo charges a 1.75% fee (minimum $0.25, maximum $10) for instant transfers of your Venmo balance to your bank account, while standard bank transfers are free. If you are using the Venmo Debit Card, withdrawals are free at MoneyPass ATMs, but there’s a $2.50 fee at non-MoneyPass ATMs in addition to any fees charged by the ATM operator.

In terms of limits, Venmo allows payments of up to $4,999.99 per week on a fully verified account. For new accounts or those without identity verification, the limit is $299.99 per week. Venmo has a rolling weekly limit of $6,999.99 for person-to-person payments, purchases with the Venmo Debit Card, and merchant payments combined.

Security Measures and User Protection

Security and user protection are critical considerations when choosing between financial apps. Both Cash App and Venmo prioritize user security and employ numerous measures to safeguard user data and transactions.

Cash App: Secure Transactions and Data Protection

Cash App employs a number of robust security protocols to ensure safe transactions. It requires a unique code or biometric identification (Face ID or Touch ID) for sign-in and Bitcoin withdrawals.

The app uses encryption to safeguard personal data and provides assistance through its support team for any suspected fraudulent activity. However, it’s important to note that Cash App does not offer protection for willingly sent payments to other users.

Venmo: Advanced Encryption and Verification

Venmo also offers comprehensive security measures to protect user transactions and personal information. It employs encryption for protecting data, and users are required to verify their identity when accessing the app from a new device.

Venmo also allows users to set up a PIN code for additional protection. While Venmo uses strong security measures, users are encouraged to only transact with people they know and trust.

Customer Support

When it comes to customer support, both platforms offer several ways to access help. You can reach out to Cash App or Venmo via email, in-app messaging, or through their websites. The efficiency of customer support is crucial, especially if a user suspects fraudulent activity or faces issues with transactions.

Use Cases

The best use case for Cash App is for those who have varied financial goals and are interested in the ability to invest in Bitcoin and stocks directly from their app. It’s also an ideal choice for those who appreciate discounts through the Cash Card ‘Boosts’ feature.

On the other hand, Venmo excels in its social components. It’s best for those who regularly split bills with friends or family and enjoy the social feed documenting these transactions.

Cash App vs. Venmo: Which one is right for you?

Cash App and Venmo each have strengths and weaknesses, and the choice between the two largely depends on personal preferences and needs.

If you value straightforward money transfers and the additional ability to invest, Cash App may be the better choice for you. However, if the social element of financial transactions appeals to you, along with the easy splitting of bills, Venmo could be your preferred app.

Frequently Asked Questions

Can I use Cash App or Venmo internationally?

Cash App only works for users in the United States and the United Kingdom. You cannot make international payments. Venmo is also available only to users in the United States, and you can’t send money internationally with Venmo.

What happens if I send money to the wrong person?

If you accidentally send money to the wrong person on either platform, your best course of action is to send a request to that person asking them to send the money back. Cash App and Venmo do not offer protection for transactions if you willingly send money to someone.

Can I use these apps without linking a bank account?

Yes, both Cash App and Venmo can be used without linking a bank account. However, you’ll need to link a debit card or a credit card to make transactions.

How long do transfers take with Cash App and Venmo?

Both Cash App and Venmo offer instant transfers to linked bank accounts for a small fee. For free transfers, Venmo can take up to 1-3 business days, while Cash App’s standard deposits are usually available within 1-3 business days as well.

How do I contact customer support?

For Cash App, you can contact customer support through the app itself, or by visiting the Cash App Support website. Similarly, Venmo’s customer service can be reached through the app, or by visiting the Venmo Support website.

Do these apps report to the IRS?

For both apps, if you receive over $20,000 and make more than 200 sales transactions that involve goods or services in a single calendar year, you will receive a Form 1099-K and this information will be reported to the IRS. For personal transactions, these are not typically reported.

Source: crediful.com

Apache is functioning normally

May 20, 2023 by Brett Tams

From arts to entertainment, these college towns in Iowa are the ideal place for students and recent grads alike to call home.

Known as the Hawkeye State, Iowa is home to some of the best college towns in the United States. These towns provide students with an excellent mix of academics, social life and entertainment options. In this article, we will explore the best college towns in Iowa and discuss what makes them so unique. Let’s embark on a journey through these scholastic sweet spots and see what makes them stand out from the crowd.

The quintessential college town, Iowa City is home to the University of Iowa, a prestigious institution known for its Writers’ Workshop. Students and literature enthusiasts alike can appreciate the rich literary history and vibrant creative community that surrounds the campus.

The city boasts several events and attractions, including the Iowa City Book Festival, the Iowa Avenue Literary Walk and the UNESCO City of Literature designation. Outside of academics, Iowa City offers an array of entertainment options, including live music, eclectic eateries and a bustling downtown area.

Hancher Auditorium, Englert Theatre and FilmScene are popular venues for performances, while the pedestrian-friendly downtown is perfect for students looking to unwind via shopping, dining and hitting the town with friends for a full weekend of fun under the Iowa sun.

Ames is another one of the best college towns in Iowa, home to Iowa State University, a prominent research institution. Students at Iowa State enjoy a picturesque campus with ample green spaces and a touch of nature that set it apart from other college towns in the state.

The vibrant Main Street provides plenty of shopping and dining opportunities, while the historic Campustown district is home to a lively social scene for students. In addition, the university’s Reiman Gardens and the nearby Ledges State Park make Ames an ideal destination for those who need a little time outdoors each week to stay sane.

For art enthusiasts, the Octagon Center for the Arts and the Brunnier Art Museum provide an ample dose of culture. Sports fans can catch a game at Jack Trice Stadium or Hilton Coliseum, where Cyclone pride is always on full display.

Des Moines, the capital of Iowa, is home to several colleges and universities, including Drake University, Grand View University and Des Moines University. This bustling urban hub offers students a unique blend of modern metropolitan life and classic college town charm.

Des Moines has a thriving culture, with attractions like Pappajohn Sculpture Park and the Des Moines Performing Arts Center. The city also offers plenty of entertainment options, including the Downtown Farmers’ Market, the lively East Village district and the historic Court District, which hosts events like the World Food & Music Festival.

Students in Des Moines have access to an extensive network of bike trails, making it easy to explore the city and its picturesque parks. Furthermore, the city’s affordable cost of living and internship opportunities make it an attractive option for college students and recent grads.

Cedar Falls is home to the University of Northern Iowa, a comprehensive institution that offers a wide range of academic programs. The picturesque college town has a charming downtown area and a close-knit community that makes students feel right at home from day one.

Main Street is lined with historic buildings, boutique shops and cozy cafes, while College Hill offers a bustling nightlife for students. The Gallagher Bluedorn Performing Arts Center showcases a variety of performances and the Hearst Center for the Arts provides a creative outlet for art enthusiasts.

Outdoor enthusiasts can enjoy the Cedar Valley Trails, a network of more than 100 miles of paved trails perfect for biking, walking or jogging. Additionally, the nearby George Wyth State Park and Hartman Reserve Nature Center offer ample opportunities for hiking, canoeing and reconnecting with your wild side.

Located along the Mississippi River, Dubuque is home to three institutions of higher learning: Loras College, Clarke University and the University of Dubuque. This historic riverfront city offers students a unique blend of natural beauty, cultural attractions and a rich history.

The city’s revitalized downtown area, known as the Millwork District, features a variety of shops, art galleries and restaurants. Five Flags Center and The Grand Opera House are popular venues for live performances and events. In addition, students can explore Dubuque’s history at the National Mississippi River Museum & Aquarium and the Dubuque Museum of Art when they need a little extra inspiration.

Grinnell, home to the prestigious Grinnell College, is a small college town with big charm. The close-knit community provides a welcoming atmosphere, making it an ideal place for students seeking a more intimate college experience.

Downtown Grinnell offers a variety of unique shops, restaurants and cafes, as well as the historic Strand Theatre, which screens classic and independent films as well as new releases. The Grinnell Arts Center and Faulconer Gallery on the college campus showcase a variety of art exhibitions from seasoned professionals and students alike.

Nature lovers will appreciate the town’s extensive trail system, including the Rock Creek State Park and Ahrens Park, perfect for hiking, biking and so much more.

Cedar Rapids, Iowa’s second-largest city, is home to Coe College, Mount Mercy University and Kirkwood Community College. This thriving cultural center offers students a diverse range of entertainment and educational opportunities.

The downtown area is buzzing with activity, from the NewBo City Market and the Czech Village to the vibrant arts scene found in the Cedar Rapids Museum of Art. Theatre Cedar Rapids hosts exceptional live performances, while the National Czech & Slovak Museum & Library offers a glimpse into the city’s rich heritage.

These Iowa college towns are where it’s at

Iowa’s college towns provide students with a rich variety of experiences, ranging from intimate small-town settings to bustling urban hubs. Each town offers a unique blend of academics, culture and entertainment, making them some of the best college towns in Iowa. No matter which city you choose, you’re sure to find a thriving community and memorable college experience in the Hawkeye State.

Source: rent.com

Apache is functioning normally

May 20, 2023 by Brett Tams

Demand for mortgage loans increased for the first time in six weeks, ahead of the Federal Reserve’s meeting on Wednesday, when observers expect at least another 75 basis points hike to the federal funds rate.

According to the Mortgage Bankers Association (MBA), the market composite index, a measure of mortgage loan application volume, increased 3.8% for the week ending Sep. 16, compared to the previous week. It was also down 64.3% compared to the same week in 2021.

The refinance index gained 10.3% from the previous week but fell 82.6% from the same week in 2021. Meanwhile, according to the MBA, the purchase index was up 1% from the previous week and decreased 29.5% from the same week in 2021.

“As with the swings in rates and other uncertainties around the housing market and broader economy, mortgage applications increased for the first time in six weeks but remained well below last year’s levels,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting, in a statement. “The weekly gain in applications, despite higher rates, underscores the overall volatility right now as well as Labor Day-adjusted results the prior week.”

Due to the Federal Reserve’s rate hike of 75 basis points on July 27 to combat persistent inflation, and the expectation of another sizable increase this week, mortgage rates are in the mid 6% range.

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose to an average of 6.02% this week past week. A year ago, rates averaged 2.86%.

How will non-QM perform for the rest of 2022?

With inflation and rising rates, non-QM lending has spent the last few months in choppy waters, with some lenders closing their doors. However, the outlook for non-QM for the rest of 2022 is relatively optimistic, according to Acra Lending CEO Keith Lind.

Presented by: Acra Lending

MBA’s estimate, however, indicated the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) rose to 6.25%, from the previous week’s 6.01%. Jumbo mortgage loans (greater than $647,200) increased to 5.79% from 5.56% in the same period.

“Treasury yields continued to climb higher last week in anticipation of the Federal Reserve’s September meeting, where it is expected that they will announce – in their efforts to slow inflation – another sizable short-term rate hike,” Kan said. “Mortgage rates followed suit last week, increasing across the board, with the 30-year fixed rate jumping 24 basis points to 6.25% – the highest since October 2008.”

The MBA data shows the refinance share of all mortgage activity rose to 32.5% of total applications this week from the previous week’s 30.2%.

The Federal Housing Administration’s (FHA) share of total applications fell marginally to 13.3% from the previous week’s 13.4%. The Veterans Affairs’s (VA) share of applications decreased to 10.9%, from 11.3%, and the United States Department of Agriculture’s (USDA) share went from 0.7% to 0.6%.

The share of adjustable-rate mortgages (ARM) applications remained unchanged at 9.1% this week. According to the MBA, the average interest rate for a 5/1 ARM increased to 5.14% from 4.83% a week prior.

The survey, conducted weekly since 1990, covers 75% of all U.S. retail, residential mortgage applications.

Source: housingwire.com

Apache is functioning normally

May 20, 2023 by Brett Tams

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.

Right now, many people are exploring different industries looking for the right career change.

As such, people are intrigued about the real estate market, but don’t want to start their own company. So, working for a REIT may be a good fit for you.

Real estate investment trusts, or REITs, are publicly traded investment vehicles that allow investors to pool their money and invest in a wide variety of real property assets. These assets can be diversified by investing in an ETF that holds a portfolio of different REITs.

First of all, careers in REIT tend to be highly lucrative and the industry is growing by leaps and bounds.

When viewed as an industry, REITs make significant contributions to the tax base and the job market. Plus the community is the benefactor of all real estate improvements.

in 2020, REITs contributed an estimated 2.9 million full-time jobs to the U.S. economy (source).

In this article, I will tell you how many positions are available in REITs and what these jobs entail.

What are real estate investment trusts?

Real estate investment trusts, or REITs, are a type of security that owns and operates income-producing real estate. REITs are a great way to invest in real estate without having to be a property owner.

When you buy into a REIT, you are not actually buying any real estate yourself–you are simply investing in a company that owns and operates real estate. The company will not resell the properties it acquires; instead, it will hold on to them and generate profits from rent or lease payments.

How many real estate investment trusts are there?

There are a great number of real estate investment trusts, or REITs, across the globe. These trusts have a combined equity market capitalization of $1 trillion and hold a vast array of properties- from apartments to hospitals to data centers.

In the United States, there are more than 225 real estate investment trusts (REITs) that are registered with the Securities and Exchange Commission (SEC) and trade on one of the major stock exchanges.

Over 1,100 REITs have had tax returns filed according to the IRS. Thus, most REITs are privately held.

What is the job outlook for people in real estate investment trusts?

The job outlook for people in real estate investment trusts is good because the real estate industry is growing and there is a lot of opportunity for people who are interested in this field.

The real estate industry is always changing, so it is a good field to be in if you want to have a lot of opportunities for growth.

The job market for people in real estate investment trusts is expected to grow at a rate of about 10% per year. This means that there will be more high-level positions available in the next few years. In addition, 30% of all REIT jobs require a business degree to start at a managerial level. However, you can find entry-level positions to begin your career.

How Many Jobs are Available in Real Estate Investment Trusts

Currently, there are over 1,500 jobs available in real estate investment trusts on Linkedin and 3000 more on Indeed.

There are many different career paths that one can take on within the industry of real estate investment trusts, with different salaries and opportunities.

Best paying jobs in Real Estate Investment Trusts

Asset managers, for example, can make upwards of $200,000 per year. Other high paying positions include those of developers, acquisitions professionals, and investor relations personnel.

It is important to remember that these roles often intersect and overlap, so it is important to be aware of what companies are hiring for what positions. There are many industries in which you can work for a REIT, including construction projects and residential leases.

Real estate investment trusts, or REITs, are becoming more popular as a way to invest in the real estate market. These trusts are responsible for every aspect of a real estate project, from finding and acquiring properties to managing them and leasing them out. This requires a variety of different professionals, including asset managers, accountants, lawyers, and engineers.

Types of Jobs Available

There are also many jobs available in the field of real estate investment trusts (REITs). A REIT is responsible for every aspect of a real estate project, from development to management.

The company also needs to ensure its success, which requires a lot of hard work and dedication. There are professionals managing the trust’s assets and overseeing its portfolio.

If you’re interested in working in this field, there are many opportunities available to you including:

Property Manager
Commercial Developer
Acquisition Team Member
Financial Analyst
Marketing Coordinator
Construction Supervisor

Check out the full list of available jobs in real estate investment trusts.

Each of these positions has different responsibilities and duties.

For example, a real estate agent is responsible for helping REIT buy or sell properties. A property manager is responsible for overseeing the maintenance and operations of a property, while a financial analyst decides whether or not the assets are living up to their financial obligations. Finally, a commercial developer is responsible for designing, constructing, and managing commercial developments.

How do I become a real estate investment trust professional?

You should be able to identify opportunities and analyze data to make sound investment decisions.

You should have experience in financial analysis, accounting, and investing. Excellent communication and interpersonal skills are also important, as you’ll need to work with clients, investors, and other professionals in the industry.

There are many things to consider when you’re thinking about becoming a real estate investment trust professional. The most important factor is making sure that this is the right career path for you. There are many benefits to working in REITs, but it’s important to make sure that you’re ready for the challenge.

Once you’ve decided that this is the right career for you, there are some basic steps that you need to take in order to get started.

The first step is getting educated on the topic. There are many courses and programs available that can teach you everything you need to know about real estate investing. After you’ve completed your education, it’s time to start building your network. Meeting other professionals in the industry and getting connected with potential mentors will help set you up for success.

The final step is finding a job in the industry. There are many opportunities available, so it’s important to do your research and find the company that’s right for you. Working in REITs can be a rewarding experience, and with the right preparation, you can be on your way to a successful career in real estate investment trusts!

What are the requirements to work in a real estate investment trust company?

The requirements to work in a real estate investment trust company vary depending on the company, but typically a degree in business, finance, or economics is required, along with experience in the real estate industry. Some companies may also require experience in accounting, investment banking, or the law.

In order to work in a REIT company, you must meet some requirements.

First and foremost, you must be passionate about real estate investment. Secondly, you must be able to devote the time and resources necessary to do your job well. Finally, you must be able to meet the company’s standards and uphold its values.

REITs are required by law to invest in real estate–so it’s important that you have a firm understanding of the market before working in this industry. In addition, REITs are limited in terms of the number of shareholders they can have (no more than 50% held by five or fewer people). Lastly, REITs are mandated to pay out 90% of their taxable income each year so that investors can benefit from regular dividend payments.

How Much Can You Earn Working for a REIT?

Smaller companies with lower profit margins usually offer the lowest-paid jobs. Larger companies with higher profits and more complex job tasks often pay more than smaller ones do.

According to Payscale, the average base salary for the REIT industry is $75,000 a year (source). This is above the median salary of $60000. Thus, jobs within the REIT industry are more lucrative than you can find in other industries.

Lead Analysts and Senior Analysts are the most popular jobs within the industry with annual salaries of $80,000 and $90,000. It’s important to note that these figures are national medians and may vary depending on location.

Executive-level jobs offer the highest earning potential with the average salary for a senior executive position reaching well over six figures ($105,000). However, it is also worth mentioning that these earners typically have an ownership stake in their company.

Therefore, if you’re looking to maximize your earnings as a REIT employee then working for a large company is your best bet.

How Many Are Real Estate Investment Trust Jobs Being Created Each Year?

The number of jobs in real estate investment trusts is growing rapidly, with more than 1000 positions becoming available each year.

REITs are a type of business that creates many jobs.

The number and percentage of these jobs will vary depending on the specific industry in which the REIT operates; however, there are always many opportunities for those interested in this field. It’s important to research the particulars of each position in order to decide which is best for one’s interests.

Individuals can be employed in a variety of positions in the REITs sector, including accountants, construction managers, leasing consultants, property managers, and financial analysts.

There are a variety of job opportunities in REITs, depending on the specific department or position you’re interested in.

Many even are early morning jobs too!

Other jobs in real estate investing

Plenty of different jobs are available in the real estate industry and can be broken down into three main categories:

People who invest in real estate
Those who manage or develop properties
Employees who provide support services.

There are a variety of job descriptions to fit your experience level.

In fact, if you keep using these good excuses to miss work, then a job change is probably needed.

REITs – Real Estate Industry a Possibility for You?

It is important to know how many jobs are available in a particular field so you can see if it’s worth pursuing as your career.

As this article showed, real estate investment trusts, or REITs, makeup one of the higher paying jobs. Surprisingly, it has one of the lower barriers to entry as a career field.

Plus, there are more than hundreds of thousands of people who are employed by REITs.

You can earn a lot of money working for a REIT, depending on the company you work for and the job you have.

Start your job search now.

Source: moneybliss.org

Apache is functioning normally

May 19, 2023 by Brett Tams

The reality of owning a small business in the United States today is that most companies will eventually, in the course of doing business, encounter a surety bond. If you’re one of the many companies today that does need a bond to conduct your business legally, you have probably wondered what the financial benefits are to the bonding process. And it would follow that you’ve also considered the legal and financial ramifications of not purchasing the necessary surety bonds for your company.

What is a Surety Bond?

Surety bonds represent an agreement between three parties: the party requiring the bond, the party purchasing and maintaining the bond, and the surety bond company who sells the bond. Typically, the entity who requires the bond is usually a governmental agency, and in addition to the federal government’s bond requirements, most states and localities have their own regulations which legislate bond coverages. Ultimately, the government’s insistence on bonding is generally to protect consumers against misconduct or non-performance on the part of the bonded company. If a consumer is harmed in the course of doing business with a bonded company, the party requiring the bond files a claim against it and, if the claim is valid, the surety bond company pays an agreed upon damage amount (up to the full value of the bond). Because the surety company pursues reimbursement from the bonded company, however, surety bonds are not a form of insurance but actually a form of credit.

Becoming bonded is a simple process and is generally inexpensive, particularly compared to insurance premiums and other small business expenses which can add up quickly. Bond amounts vary widely based on the type of bond that you need. For instance, when it comes to surety bonds in Illinois, a mortgage broker bond needs at least $20,000 while a collection agency needs a $25,000 bond to conduct business. Prices on these bonds can vary based on the dollar amount required and on the company’s credit status and financial history, which will be reviewed by the surety company at the time of purchase. If the company seeking the bond has a very poor credit history, they may not be able to purchase a bond at all, or may have to seek out a surety company that specializes in subpar credit bonds. Since surety bonds are a type of credit and rates are based on the financial health of the applicant, these bonds are at least twice as expensive as surety bonds for companies who have excellent credit.

Incentives of Surety Bond

While at first the prospect of a surety bond can seem potentially cumbersome and like one more hoop you need to jump through in order to conduct your business, rest assured that there are incentives to maintaining a valid bond. Most notably, incorporating your bonding status in your company’s advertisements will most likely increase your sales and business a great deal. In today’s difficult economy, consumers are becoming more and more aware of the importance of doing business with reputable, safe companies in order to maximize their gains from the transaction and minimize their loss, and becoming licensed and bonded represents a company’s willingness to work within the appropriate legal channels for their industry. Be sure to advertise your licensed and bonded status prominently in any promotional activity for your business, and mention it in any conversation you have with new clients and customers.

On the other hand, if you choose not to comply with legal requirements and purchase a bond, there are consequences, and some can be quite dire. Not maintaining the appropriate surety bonds can result in financial consequences first, namely fines from state, local, or federal government. Additionally, the lack of a surety bond can result in your business license being revoked or suspended which will effectively shut down your company until you’ve become bonded and can resume activity. Becoming bonded and resuming business can take up to several weeks due to the legwork required with getting paperwork where it needs to be, and providing documentation to all the parties who need it.

Are There Hidden Costs?

As we mentioned earlier, there’s also a rather hidden cost of failing to purchase a surety bond. Consumers use your bonding status as a sign of your company’s willingness to perform your job ethically and according to fair business practices. Choosing not to uphold your legal obligations to take out a surety bond demonstrates a poor attitude towards business in general and can be extremely detrimental to your public image.

Purchasing the required surety bonds for your business should really be a no-brainer. Bonds typically only cost a few hundred dollars, but the penalties for not carrying the required bonds can be well into the thousands. Don’t expose your business to risk and poor publicity. Save yourself some time, money, and sanity by getting bonded before you even begin doing business.

Bio: This is a guest post from Matt Bruns, a principal for SuretyBonds.com, the nationwide provider in surety bonds, as part of their surety bond education program. Matt is not affiliate or endorsed by LPL Financial.

Source: goodfinancialcents.com

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May 19, 2023 by Brett Tams

How to Invest in EV Charging Stations

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If you spot a Tesla on the road, you may be impressed by the sleek style of the car, but you may also find yourself wondering: How do you take an electric car like that on a road trip? How do you refuel conveniently? The answer is EV charging stations. As electric vehicles grow in popularity, so does the demand for these stations — making the sector an especially hot one for investors.

If you want expert advice on building an investment portfolio that serves your current and future needs, consider working with a financial advisor.

What Is an EV Charging Station?

An EV charging station is essentially a gas station for electric vehicles (EVs). According to the U.S. Department of Energy, while most EV owners have charging stations at their homes, there are tens of thousands of EV charging stations across the country. Whether these are public charging stations or workplace charging stations, they serve the same purpose of recharging the batteries of electric cars.

While the purpose of an EV charging station most resembles a gas station, the actual process is more like recharging your phone. As you might have a phone charger at home but also carry one with you to the office, if you have an EV, you might be best served by having a residential EV charger while still having access to public EV charging stations or an EV charging station at your work.

Are EV Charging Stations Good Investments?

EV charging stations can be good investments as the market for EVs and the accompanying infrastructure to power them grows. According to the U.S. Bureau of Labor Statistics, there is increased consumer demand for EVs and many reasons to believe that that interest will continue to grow.

In 2011, electric cars made up 0.2% of all car sales in the United States. By 2021, that number had swelled to 4.6%. Some research projections say that EV sales could make up as much as 52% of all car sales by 2023.

While environmental concerns have been a major concern for EV drivers historically, cost savings also figure prominently in the move to EVs. Studies find that EVs can save their drivers as much as $12,000 over the life of the vehicle, and that fuel savings alone can be $4,700 or more in the first seven years of owning the vehicle.

Further savings are available for EV buyers thanks to government policies. The Infrastructure Investment and Jobs Act allotted a tax credit worth of up to $7,500 for EV buyers until 2032. That same bill committed $7.5 billion to build out national EV charging infrastructure.

Between personal reasons, cost savings and ongoing improvements to the affordability and battery life of EVs, it’s clear why investors would consider EV charging stations a wise investment.

How to Invest in EV Charging Stations

EV charging stations can be a wise investment for business owners. EV charging stations can be expensive to install, but the Infrastructure Investment and Jobs Act has set aside $1.5 billion to help states build and expand their EV charging networks. Look into your state’s EV charging station plan to see what assistance is available to you—for instance, in Illinois, the Illinois Environmental Protection Agency will offer a rebate of up to 80% of eligible project costs.

Once you’ve set up your charging station, you can charge drivers for the electricity they use to recharge their cars, using a business model similar to a gas station. But EV charging can also generate income for your business in less straightforward ways.

Say you own a restaurant and decide to install a charging station. A driver on a road trip looking for a charging station sees your restaurant is nearby and decides to pull in and charge their car. Charging takes between 20 and 55 minutes—the perfect amount of time for that driver to grab a bite to eat as well. This strategy can apply to a variety of retail establishments, including shops, bars, convenience stores and more.

If you’re not a business owner or don’t want to create and maintain your own EV charging station, there are other ways to invest. You can invest in the companies that are creating and selling the charging equipment and technology, such as Tesla, Chargepoint or Tritium, by purchasing stock. You can also invest in EV-related mutual funds or exchange-traded fund (ETFs).

The Bottom Line

As EVs become more popular, the demand for charging stations will continue to rise. Business owners who invest in EV charging stations can enjoy an additional revenue stream as well as the potential for increased foot traffic and a new customer base. Individual investors who see the promise of the sector can buy in via stocks or ETFs.

Tips for Green Investing

Consider talking to a financial advisor about the pros and cons of green investment strategies and how you might implement them in your portfolio. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Want to take a look at what your portfolio will look like in a decade? SmartAsset’s investment calculator can help you do just that. Enter how much you have invested, how much you’re contributing and what rate of return you expect. We’ll then show you your investment growth five, 10 or even 30 years into the future.

Hilary Collins

About Our Investing Expert

Have a question? Ask our Investing expert.

Source: smartasset.com

Apache is functioning normally

May 19, 2023 by Brett Tams

Bordered by the Great Lakes, Michigan is home to some of the finest educational institutions in the United States.

Boasting a thriving college culture, Michigan is not only a hub for higher education but also an excellent place to unwind and explore. From the bustling energy and rich history of Detroit to the charming European-style streets of Holland, the best college towns in Michigan offer a rich tapestry of experiences that cater to students and lifetime locals alike.

Home to the prestigious University of Michigan, Ann Arbor offers the perfect mix of academic excellence and a vibrant arts scene. The city’s charming streets, lined with bookstores, coffee shops and eclectic eateries, create an irresistible atmosphere for undergrads, retirees and everyone in between. The University of Michigan’s campus itself is a sight to behold, with its iconic bell tower and the legendary Law Quadrangle. It’s no wonder Ann Arbor consistently ranks as one of the best college towns in Michigan and the country.

A visit to the world-renowned Ann Arbor Art Fair in July is a must, where hundreds of artists showcase their talents alongside live music, food stalls and street performances. If you’re a fan of college sports, be sure to catch a Wolverines football game at the massive Michigan Stadium, fondly known as “The Big House.”

Next, we find ourselves in East Lansing, home to the esteemed Michigan State University. A quintessential college town, East Lansing is the embodiment of Spartan spirit. The downtown area, just a stone’s throw away from campus, is packed with a myriad of local shops, bars and restaurants that cater to the diverse student population.

On a sunny day, take a leisurely stroll through the picturesque campus, which features landmarks like the beautiful Beaumont Tower and the modern Eli and Edythe Broad Art Museum. In the fall, indulge in the electric atmosphere of Spartan Stadium, as fans clad in green and white cheer on their beloved football team.

Making our way north, we arrive at Mount Pleasant, home to Central Michigan University. As the name suggests, this city truly is a pleasant destination, offering a delightful mix of outdoor activities and cultural experiences. Nestled along the banks of the Chippewa River, Mount Pleasant is known for its beautiful parks and welcoming vibe, an ideal combination for exploring the natural beauty of Michigan.

When you’re not kayaking or enjoying a picnic by the river, take in some local culture at the Ziibiwing Center, or attend a performance at the Broadway Theatre. Students and visitors alike appreciate Mount Pleasant’s open atmosphere and it’s no question why this cool town earns its place among the best college towns in Michigan.

As we continue our journey, we come to Kalamazoo, a city that’s as unique and lively as its name. Home to Western Michigan University and Kalamazoo College, this city is a hub for education and creativity. The downtown area offers an assortment of trendy cafes, unique shops and entertainment venues, which help to foster a thriving arts scene.

The Kalamazoo Institute of Arts is a must-see, featuring an extensive collection of both contemporary and historical works. If you’re looking to add some adventure to your itinerary, explore the Kalamazoo River Valley Trail, a scenic pathway that winds through the city and provides stunning views of the river and its surroundings.

Moving westward, we find ourselves in Grand Rapids, a bustling city that houses several institutions of higher learning, including Grand Valley State University, Calvin University and Aquinas College. As the second-largest city in Michigan, Grand Rapids offers a dynamic mix of urban excitement and small-town charm.

Art lovers will be in heaven with a visit to the Grand Rapids Art Museum, which showcases a collection spanning from the Renaissance to modern day. If you’re a fan of craft beer, you’re in luck – Grand Rapids has earned the nickname ‘Beer City USA’ thanks to its impressive array of breweries. Check out the locally-loved City Built Brewing Company to sample some of the finest beers in the state.

During the fall, the city comes alive with ArtPrize, an international art competition that transforms Grand Rapids into an open-air gallery. This event is a testament to the city’s commitment to nurturing creativity and fostering a sense of community, making it one of the best college towns in Michigan.

Detroit is well-known for its automotive history and Motown roots. What many don’t realize is that it also boasts a thriving college culture, with institutions like Wayne State University, University of Detroit Mercy and College for Creative Studies.

The revitalized Midtown area offers an array of cultural experiences, from the Detroit Institute of Arts to the Charles H. Wright Museum of African American History. In between museum visits, treat yourself to a meal at one of Detroit’s many diverse eateries or catch a live performance at the historic Fox Theatre.

As a testament to the city’s resilience and innovation, Detroit’s ongoing revitalization has fostered a sense of optimism and energy that makes it an exciting destination for students and visitors alike. With a growing economy, students that stick around after graduation have a great shot at getting in on the ground floor of the resurgence of one of America’s greatest cities.

Our journey takes us to the picturesque town of Holland, located along the shores of Lake Michigan. Home to Hope College, Holland is known for its Dutch heritage and vibrant tulip festival held every spring. A visit to Windmill Island Gardens, featuring an authentic Dutch windmill, is a must for anyone looking to immerse themselves in Holland’s history.

Stroll through the charming downtown area, complete with cobblestone streets and an array of boutique shops and delightful eateries. College students that stick around for the summer can soak up the sun on Holland’s pristine beaches or take a scenic hike at Holland State Park.

Finally, we venture to the northernmost point of our journey, Houghton, a small town nestled in the heart of the Keweenaw Peninsula. As the home of Michigan Technological University, Houghton is a tight-knit community atmosphere that fosters a strong sense of camaraderie among its residents.

Outdoor enthusiasts will find themselves right at home in Houghton, with hiking, skiing and snowmobiling in the surrounding wilderness. Explore the area’s rich mining history with a visit to the Quincy Mine, or take a scenic drive along the Keweenaw Peninsula to enjoy breathtaking views of Lake Superior.

The vibrant downtown area, complete with shops, restaurants and historic sites, provides a welcoming environment for students and visitors, ensuring Houghton’s spot among the best college towns in Michigan.

Make one of these Michigan college towns your home

From the bustling streets of Detroit to the serene beauty of Houghton, Michigan’s college towns are as diverse as they are delightful. Each destination offers its own unique blend of culture, entertainment and natural beauty, making the Great Lakes State an ideal destination for anyone seeking an unforgettable college experience. Pack your bags, lace up your snow boots and embark on a journey to discover the best college towns in Michigan, you won’t be disappointed.

Source: rent.com

Apache is functioning normally

May 18, 2023 by Brett Tams

I‘ve been looking into the many options available to me lately when it come to discount online brokerages.

It seems like just about everyone has a service that they like best, and that they prefer using. The first one I had heard recommended was OptionsHouse, which I reviewed last time. It had a good mix of research tools, low cost and ease of use. Definitely one to look into, especially for active traders.

Sharebuilder is another one that I had heard good things about, and since I already have a savings account with Capital One 360, I thought I should give it a look.

ShareBuilder By Capital One Background

From Wikipedia:

ShareBuilder (formally ShareBuilder Securities Corporation) is a United States based online brokerage firm founded in 1996 (as NetStock Direct). It encourages recurring, automatic purchases of shares of stock, ING Mutual Funds (Class O) and exchange-traded funds. All transactions occur online and are entirely at the discretion of the account holder, thus it is an execution-only service. The company does not have brokerage sales representatives or advisors. Account holders can use ShareBuilder’s online research tools to investigate stocks, similar to other online brokerages such as Scottrade, TD Ameritrade and Fidelity. In 2005, ShareBuilder began offering 401(k) plans to small businesses. On November 19, 2007, ShareBuilder Corporation was purchased by ING Direct, a subsidiary of ING Group for US $220 million. In June 2009, ShareBuilder moved its headquarters from Bellevue, Washington to 83 King Street, in the Pioneer Square district of Seattle, Washington. In February 2012, Capital One Financial Corporation completed its acquisition of ING Bank, fsb, and its subsidiaries, including ShareBuilder Corporation. ShareBuilder is no longer affiliated with ING Group.

Awards

ShareBuilder has earned a bunch of awards and has been recognized as one of the top online brokers for beginning & long term investors. Among the awards:

Forbes Best-of-the-Web awards in January 2003 and January 2004
Kiplinger’s Personal Finance ranked Sharebuilder #1 in “25 Ways to Invest $1,000.”

ShareBuilder Fees, Commissions And Minimums

Probably one of the most important things to consider when opening an online brokerage account is to consider what fees, commissions and minimums you’ll see when using an account. Here is what you’ll find at ShareBuilder:

UPDATE: As of March 2013 Sharebuilder By Capital One slashed their prices from $9.95 per stock or options trade, to $6.95 per trade. That move makes them one of the most competitive brokerages out there.

Stock Trades

Sharebuilder by Capital One has middle of the road, to expensive, fees when it comes to stock trades. They have $9.95 stock $6.95 stock trades. Compare to some others and they are very competitive.

On the other hand, if you’re less of an active trader and more of a buy and hold investor, their automatic investments may be a good fit for you, and more affordable. Automatic investments, done on Tuesdays, will cost only $4. If you sign up for their Advantage plan, you’ll get 12 per month for free included in the $12/month subscription, and it’s only $1 for each additional. They offer a dollar cost averaging plan as well.

Options Trades

Sharebuilder has a fee for options trades of $9.95 $6.95 per online trade, + $1.25 per contract.

Fees And Minimums For An Account

ShareBuilder doesn’t have account maintenance fees, monthly minimums or inactivity fees. All prices are charged on a flat rate, and what you see is what you pay.

There is no minimum account funding level, although if you want to get the $25 bonus mentioned above, you need to fund with at least $25.

Here’s a basic fee comparison with other discount brokerages:

Investment Account Options

ShareBuilder offers a plethora of other investment account options for investors. Among them:

Individual Account
Joint Account
Traditional/Rollover IRA
Roth or Conversion IRA
ShareBuilder ESA (Education Savings Account)
Custodial Account

ShareBuilder Tools & Tutorials

In the past ShareBuilder may have been a bit short when it comes to the research and education departments. Within the last few years, however, ShareBuilder has really built up their library of educational tutorials and investment tools.

They now have a variety of tools including such things as an investment screener, a portfolio builder, fund/stock/ETF selectors, reports, simulators and calculators.

They also have a wide variety of investment information for beginning investors including tutorials and articles in their investor library.

One thing others have noted that is missing, however, is a forum or community of some sort where you can talk with other investors to get advice. Several other online brokers have something like that, and it would be nice to see Capital One add one for ShareBuilder as well.

Easy Linking To Capital One 360 Savings Or Checking

Another thing that I like about ShareBuilder is that you can easily link it to your Capital One 360 Savings or Capital One 360 Checking account if you have them. I personally already have an Capital One 360 Savings account (review here) and being able to easily link the accounts for automatic investments is nice.

Conclusion

When considering an online discount brokerage ShareBuilder is definitely one of the best options out there for long term investors who want to set up automatic investments and do long term dollar cost averaging. If you’re more of an active trader you may want to look elsewhere for a lower cost option, someplace like OptionsHouse. But if you just want a plan that will allow you to automatically invest over the long term, ShareBuilder would be a good place to check out.

Have you used ShareBuilder, or considered using them? What has your experience with them been like? Are you happy with them? Tell us your thoughts in the comments.

Sign Up For Sharebuilder by Capital One

Check out our comprehensive listing of discount brokerages and mutual fund companies

Source: biblemoneymatters.com

A New Year, A Financial Lifeline?

To Win The Battle, We Need A Game Plan!

Problem Area # 1: Ignoring Inflation

We Are Planning Ahead Right Now!

Problem Area # 2: Ignoring Investment Fees

Problem Area #3: Ignoring Taxes

Problem Area #4: Taking Far Too Much Risk For Too Little Of A Return

Make This The Year To Get Educated

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These Iowa college towns are where it’s at

Presented by: Acra Lending

What are real estate investment trusts?

How many real estate investment trusts are there?

What is the job outlook for people in real estate investment trusts?

How Many Jobs are Available in Real Estate Investment Trusts

Best paying jobs in Real Estate Investment Trusts

Types of Jobs Available

How do I become a real estate investment trust professional?

What are the requirements to work in a real estate investment trust company?

How Much Can You Earn Working for a REIT?

How Many Are Real Estate Investment Trust Jobs Being Created Each Year?

Other jobs in real estate investing

REITs – Real Estate Industry a Possibility for You?

What is a Surety Bond?

Incentives of Surety Bond

Are There Hidden Costs?

What Is an EV Charging Station?

Are EV Charging Stations Good Investments?

How to Invest in EV Charging Stations

The Bottom Line

Tips for Green Investing

About Our Investing Expert

Categories

Make one of these Michigan college towns your home

ShareBuilder By Capital One Background

Awards

ShareBuilder Fees, Commissions And Minimums

Stock Trades

Options Trades

Fees And Minimums For An Account

Investment Account Options

ShareBuilder Tools & Tutorials

Easy Linking To Capital One 360 Savings Or Checking

Conclusion

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