Another Manic Monday (for Stocks)
Stocks are sliding again. The S&P 500 had its largest drop in nearly two months. Take a look at today’s news, and you’ll see the usual market culprits. Coronavirus worries are back. The U.S.’s seven-day average of new COVID cases hit an all-time high, and infections are rising in other parts of the world. It’s also getting chilly outside, which could fuel COVID’s spread as people gather indoors. The timing of a vaccine continues to […]
Savings Interest Calculator: See How Much You’re Earning
When you’re considering opening a savings account (or even after you already have one), making sense of interest rates can be a little confusing. While it may be clear that savings accounts are a secure method to earn a little interest without the risk, calculating how much you’re earning isn’t an easy equation. Our easy-to-use […]
Top 3 Moments From the Ally Digital Conference: The Future of Investing
Nobody can predict the future. But it’s exciting to bring together leaders from across the investment industry to share fascinating ideas about what they think may be to come. And that is exactly what we did during our Ally Invest Digital Conference on October 22. From a spirited trading vs. investing debate, to robust conversations […]
Why You Shouldn’t Worry About Negative Interest Rates
Deposit money, earn interest. Borrow money, pay interest. If that sounds like banking in a nutshell, you’re right. But there’s been some buzz around a unique monetary policy that turns those basics inside out: negative interest rates. First things first: the U.S. has never used negative interest rates. In fact, it’s highly unlikely negative interest […]
Shop Smart and Save: Time Your Big Purchases Right With This Calendar
It’s no secret that certain days each year are prime for shopping — ahem, Amazon Prime day, for one. You’ve probably even held off on a purchase before so you could snag it at a discount with a Cyber Monday deal or a Labor Day blowout sale. But while specific days like those make it […]
Smart and Stress-Free Holiday Décor Ideas
Holiday cheer is sure to be in high demand this year … but not the kind that puts lots of pressure on your wallet. When it comes to decking the halls, festive, frugal, and fun is the name of the game. Whether you’re into DIY decorations, handmade holiday décor, or creative winter ideas, a little […]
Education: An Investment in Your Financial Future
Too often, we think of investments strictly in terms of things like stocks, bonds, real estate — assets with a cash equivalent that can be used to build wealth. These aren’t the only ways we can invest for our future, though. In fact, one of the most valuable pieces of capital you can invest in, […]
How to Short a Stock — And What You Should Know Before Doing So
When you invest, you typically buy securities that you expect to rise in price, so that when you’re ready to sell you’ll generate returns. But in a bear market, when stock prices are generally declining, this trading strategy might not be the most effective. That’s when you might bring short selling into play. Read on […]
Jumbo Loan Requirements: How You Qualify for a Mortgage
Jumbo loan qualifications aren’t the same as traditional mortgages when it comes to things like credit scores and down payments. So, if you’re in the market to buy a home, here’s what you need to know about jumbo loan requirements before you start the application process. Jumbo Loan Requirement: Who qualifies? In a nutshell, a […]
When Is Refinancing a Mortgage Worth It? Consider These 6 Scenarios
Picture this: The camera zooms in on a couple sitting at their dining room table surrounded by paperwork, a computer, and calculator. It’s a common scene of two homeowners who are thinking about refinancing, but they’re confused by the entire thing – term lengths, interest rates, loan principles, etc. Before yelling “Action!” on your refinance, […]
