TessMore Finance Blog

As your overall net worth increases, you may be looking for greater diversification in your investments. If you have all of your money in the same type of investment, then if that investment loses money, it affects your entire net worth. Some people choose to diversify their investments by choosing different types of investments. Real estate has been a popular choice for investing, and there are many different ways to invest in real estate . One way to invest in real estate is AirBnB investing. AirBnB Investing vs. Conventional Renting If you’re wondering how AirBnB investing works, it shares a lot of similarities with conventional renting, but there are a few important differences. With both types of rental investing, you own the property and are renting it to one or more tenants. With a conventional rental, it is typical to rent for a year or more. On the other hand, it is not uncommon for an AirBnb tenant to stay in your place for a week or even shorter. That means you are likely

If you prefer to manage your own investments, the easiest way is through a discount broker, also called an online broker. You can buy and sell stocks, bonds, mutual funds, ETFs; you name it. There are several account options, and because you’re placing the trades, you benefit from low fees. The best discount brokers can provide free stock trades and have robust research capabilities. Several also offer fractional investing to avoid having uninvested cash. You can use these brokerages for long-term investments and avoid the frustrations of trendy investing apps. In this article, I share our list of the best discount brokerages and let you know what makes each one stand out. Table of Contents Best Discount Brokers Fidelity: Best Overall Interactive Brokers: Best for Advanced Traders Schwab: Best for Customer Service and Banking TD Ameritrade: Best For Charts and Education E*TRADE: Best For Options and Mobile App Investing Ally Invest: Best For Researching Stocks Merrill Edg

When it comes to buying a home, most people are aware that they need to budget for a down payment on their mortgage. However, a down payment isn’t the only upfront cost you’ll have to fork over — you’ll also need to pay closing costs. To make sure you have enough cash to close the deal, use our closing costs calculator to estimate how much you might need to pay. With this estimate in mind, you can factor these costs into your budget and plan to save enough money to buy the house of your dreams. What Are Closing Costs? Simply put, closing costs are the various expenses that come with purchasing a home. These expenses are charged by your lender and title company for the following services they provide during the home buying process: Originating your mortgage /home loan. Transferring the property from seller to buyer. Typically, about three business days after applying for a loan, your lender will send you a Loan Estimate, which is a standardized form detailing your

Depending on the type of loan that you have and the amount of equity you have in your home , your monthly mortgage amount may include Private Mortgage Insurance (PMI). PMI helps protect the lender if you stop making payments or go into default on your mortgage. If you are paying PMI on your mortgage, you may be wondering how to get rid of PMI. The good news is that, depending on your situation, you may be able to stop paying PMI and lower your overall monthly mortgage payment. What Is Private Mortgage Insurance (PMI) Private Mortgage Insurance (PMI) is an insurance policy that protects the lender in case of default. While there are a variety of ways that PMI is charged, often it is included as an additional monthly payment. PMI is not always required on all mortgages — usually it is required if you are purchasing or refinancing a home with a conventional loan and are making a down payment of less than 20% or have overall home equity of less than 20%. Why Does PMI Exist? There are a

Neobanks and financial technology companies (fintechs) are becoming increasingly popular by making banking easier and more accessible for a broader audience of consumers. It’s no longer necessary to visit a brick-and-mortar location to conduct most personal banking transactions. HMBradley takes online banking one step further with its combination of attractive banking features. But the competition is stiff, and other fintechs are also fighting for your business. In this HMBradley review, I’ll cover everything you need to know, so you can decide if you should take advantage of HM Bradley’s banking benefits.  HMBradley Announcement on September 29th, 2022 On September 29th, 2022, HMBradley posted an update on their website regarding upcoming changes to their banking partnerships. Specifically, they are transitioning away from their relationship with Hatch Bank and will now be partnered with New York Community Bank (NYCB). According to HMBradley , the new partnership will allow

Financial mathematics (also known as mathematical finance, quantitative finance, computational finance, and financial engineering) is a field of applied mathematics that applies mathematical methods to financial problems. Probability, stochastic processes, statistics, and economic theory are common terms used in financial mathematics books, helping analysts gain detailed insights into business performance, the industrial market, profitability, and growth potential. However, quality investment in time, dedication, and effort is required to excel in this subject. You would want to grasp the best knowledge to outsmart the competition. So, in the following guide, we have covered the top 7 best financial mathematics books to help you work with numbers, understand the problems related to financial management, reduce mathematical errors, and increase profit. Key Takeaways: Other names for financial mathematics are mathematical finance, quantitative finance, computational finance, and fi

Project management is the application of specific information, expertise, tools, and procedures to yield something of worth for people. We need to go deeper into the definition of a project to comprehend project management. Projects are essentially short-term attempts to make a profit through distinctive goods, services, and procedures. Project Management Books provide different strategies and tactics based on your project’s requirements. Advanced project management systems, such as WP Project Manager, make it much easier to implement these ideas. Quality Project Management Books will show you how to create the most practical and feasible strategy for dealing with all types of projects and strategic objectives. Key Takeaways Here are our picks for the 10 best project management books: Strategic Project Management Made Simple: Practical Tools for Leaders and Teams The Getting Things Done Workbook: 10 Moves to Stress-Free Productivity Project Management For The Unofficial Projec