The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers. [Read More...]
Financial Red Flags That Might Be Hurting Your Relationship
Talking about money to your partner and spouse is never an easy conversation to have, especially if you’re unsure what they think about it, or if you have limited knowledge… [Read More...]
End of the Month Summary – August 2021
Sticking with last month’s theme, I’ll keep this relatively short because my right hand is still not anywhere close to 100% and I need to focus on my clients’ accounts over updating my blog. As luck would have it, I had no realized gains in August, so that makes this summary much easier. I ended July with a Net Asset Value (NAV) of $136,923.22 according to Interactive Brokers (IB) after ending July with a balance of $135,632.37. That gives me a gain of $1,290.85 (~1%) on paper. I sold a QQQ covered call and a TLT covered put during August, which could both be closed this month, even though the QQQ option is for an October expiration. My TLT position cost me $5.17 in … [Read More...]
How much will Silicon Valley Bank customers get back from the money they deposited? They may not recover it all, analysts say.
The Silicon Valley Bank logo.Getty Images SVB was shut down by the FDIC on Friday. Depositors can't withdraw their money yet. That's creating a cash crunch across startups and other businesses in Silicon Valley and beyond. If you are a depositor of SVB, how much money will you get back in the end? Silicon Valley Bank was shut down on Friday and customers can't withdraw their money for now. There's a cash crunch happening, so how much will depositors get back in the end?It's an important question, as many startups and other businesses that relied on SVB have to make payroll and pay other bills soon. The FDIC insures US bank deposits up to $250,000 per account. But almost 88% … [Read More...]
15 Cheap St. Patrick’s Day Party Ideas on a Budget
For over 1,000 years, the Irish have celebrated St. Patrick’s Day in honor of Ireland’s patron saint. Historically, Saint Patrick used the Shamrock to explain the Holy Trinity to the… [Read More...]
Rising Inflation: How Will Retirees Get Through Life
The U.S. has gone through massive crises that put a lot of households and businesses at rock bottom. It’s been over a decade since the Real Estate Bubble and the… [Read More...]