Hi All, Unless you're hanging around the Crypto space in blockchain.com you probably missed this. It's a $430 Million transaction in bitcoin. I've been noticing more and more recently that the crypto space is sucking up entrepreneurial energy and capital. There just aren't that many transactions worth $430 Million in the US economy. Notably, this transaction … [Read more...] about The 430 Million Dollar Bitcoin Transaction
Banking
Monday Thoughts, South African Brain Drain & Dinosaur Banks
So, here are a couple of Monday thoughts. Brain Drain is Happening In South Africa - Short Sell It Everyone knows about Elon Musk - he's one of the most famous entrepreneurs in the US. But, were you aware that he's South African? Musk however, is not the only major entrepreneur of South African descent in America. Energy drink entrepreneurs Rodney Sacks and Hilton … [Read more...] about Monday Thoughts, South African Brain Drain & Dinosaur Banks
What Happens During A Bank Run?
Bank runs are not just a thing of the past. In fact, there was even a bank run in 2019 in the United Kingdom because of a Whats App rumor. But what exactly is a bank run? Should you be worried about it? We'll explain. … [Read more...] about What Happens During A Bank Run?
Yes Virginia, You Can Invest With Just $5 Bucks
Fidelity has pretty much been beating the pants off the competition in the low cost investing space. I just heard about their latest - no cost, no minimum index funds - from a friend and checked their website. Its true, they're basically offering zero fee, no minimum investing opportunities. … [Read more...] about Yes Virginia, You Can Invest With Just $5 Bucks
Should We Have a Joint Bank Account?
There’s a point in the relationship of every committed couple where the financial question comes up — should we have a joint bank account? … [Read more...] about Should We Have a Joint Bank Account?
Today’s Banking Humor: Interest-Free Checking
Protect Your Money – Is Using a Cardless ATM Safe?
The number of cardless ATMs are increasing as most people now have some kind of cellular phone. These ATMs have been around for about five years, but the concept is still new to many people. A regional Midwestern bank, Wintrust Financial, was one of the first banks to offer a cardless ATM to its customers. … [Read more...] about Protect Your Money – Is Using a Cardless ATM Safe?
How to Decide if You Need a Separate or Joint Bank Account
Whether you have been married 50 days or 50 years, money is likely a source of friction between you and your spouse at times. This is especially true if one spouse is a spender and the other one is a saver. Spouses with children don’t have to worry about who has the checkbook when a child needs money for lunch or school activities. Separate bank accounts may seem like an … [Read more...] about How to Decide if You Need a Separate or Joint Bank Account
Can Payment Be Stopped on a Cashiers Check?
Good morning Dinks. Today's article asks an important question. Can payment be stopped on a cashier's check? That's a question that I never thought about before. I didn't know the answer until a couple of days ago. Before I respond to that question, I want to briefly discuss what a cashier's check is. What is a cashier's check? A cashier's check is a check that is guaranteed … [Read more...] about Can Payment Be Stopped on a Cashiers Check?
My Bank Nemesis
Oh yes I have one. Even though I'm a long time financial services employee and I should have some level of compassion for what bank employees go through on a daily basis the truth is I don't. I have zero tolerance for cold hearted banks who forget their clients are actual people instead of numbers. Oh and in case this hasn't come across in our six years together I am an … [Read more...] about My Bank Nemesis
