Finance

In the fast-paced realm of digital currencies, a market crash can be both a daunting and pivotal experience for investors. The enigmatic nature of the crypto market, characterized by its volatility and technological intricacies, often leaves even seasoned investors grappling with the intricate web of reasons behind these crashes. Delving deep into this cryptic landscape,…

According to the Canadian Taxpayers Federation(CTF), almost all Canadians will pay higher federal income tax rates in 2024. The federally not-for-profit citizen’s group released its annual report citing the varied Canada tax changes in 2024 like the rising payroll, alcohol and carbon taxes, along with a second Canada Pension Plan tax.  The Government of Canada…

Nobody enjoys filing their tax return but the prospect of a big refund can surely make it worthwhile. However, the general public is largely unaware of various ways that can help them maximize the money they get back on taxes.  A tax refund or return is the difference between the amount you paid in taxes…

SoFI Technologies Inc.(SOFI) is a fintech company that offers a plethora of financial products and services including loans, credit cards, and savings and checking accounts. The digital platform also offers services like robo-advisors that offer algorithm-driven financial planning.  What is SoFi? SoFi’s robo-advisor services offer management of customer portfolios of stocks, bonds, and ETFs. While…

Often earning individuals are found confused among Roth vs Traditional IRA. If you are a newbie and wondering what an IRA is and how these 2 types differ from each other? Don't worry, we've got your concerns covered.  An individual retirement account (IRA) serves as an ideal method to save for retirement for individuals and…

Thanks to the global economic slowdown and geopolitical conflicts, investors are looking for low-risk investment options. The equity market is becoming volatile day by day. In that case, fixed income investments are here dressed as rescuers. Fixed-income securities hold a special place in the heart of investment individuals seeking secure and predictable returns.  For a…

In today’s modern world, it is almost impossible to imagine life without digital banking or financial services. Without digital banking, it is quite difficult to operate day-to-day expenses and build financial stability. However, even in this generation, many people are underbanked or unbanked. Multiple reports have confirmed that almost 14.1% and 4.5% of adults in…

In today's complex world of digital and modern finance, technological advancements are changing, and constant developments in personal finance can be seen. Banking and financial services have become crucial for a living; amongst this, an unseen barrier endures, which is the emergence of banking deserts. Banking deserts are not just arid regions; they are also…

A decade ago, LIBOR- the London Interbank Offered Rate was the most crucial benchmark for determining the interest rates on consumer and commercial loans. However, it was villainised and doomed due to multiple scandals and being a key factor in the 2008 financial crisis.  The Secured Overnight Financing Rate(SOFR) is the replacement for LIBOR in…

“When is the next Fed Meeting?” is a lingering question haunting anxious investors for good reason. The worst phase of inflation in the United States of America peaked over a year ago and yet the Federal Reserve is yet to abandon the interest rate hikes.  The next Federal Open Market Committee(FOMC) will be held on…