TessMore Finance Blog

Can you believe it’s that time of the year again? We are in the final quarter of the year – and if you haven’t already noticed; so much has changed. Since the onset of the pandemic, we’ve seen how it’s drastically changed the way we live and navigate through life. Various safety precautions, mask mandates and so much more have become our new normal. We’ve grown accustomed to our online orders being processed and at our front door in a two-day timespan.  Due to shortages and inflated pricing , we’ve grown to see just how spoiled we’ve been all along. As the holiday season swiftly approaches, use these tips to ensure your gift giving will make it in the hands of those that matter the most in a timely manner. Procrastination comes at a price  I know life takes many twists and turns. We get distracted and our “nice to do” items take a backseat to our “must do” checklist. However, let’s keep in mind things have indeed changed. If you’re more of a last-minute shopper – your pocket...

When I first started blogging about banks over ten years ago, there used to be a bank called “Bank of Internet USA.” I thought that was the most generic name for a bank, like calling it the Bank of the World Wide Web or something like that. As I would quickly learn, Bank of the Internet USA was a real bank founded in 1999 during the dot com boom. Whereas other tech startups just opted to add .com to their names and spend their money on ridiculously expensive Super Bowl ads, Bank of the Internet USA planted their flag as one of the first online banks of the world. They would change their name to BofI Federal Bank in 2011 and then in 2018 they went with a rebrand to be officially known as Axos Bank. This all to say that while you may not be super familiar with the name Axos Bank, they’ve been around quite some time. They are FDIC insured under certificate 35546 , headquartered in San Diego, California and chartered as a Federal Savings Bank . As for promotions, they have two active w...

The Capital Assets Pricing Model (CAPM): The CAPM shows how the base-required return from stated security relies upon its risk. Security whose profits are profoundly connected with variances in the market is said to have a significant level of systematic risk. It does not put a lot of risk-reducing potential on the investor’s portfolio. Thus, generally, a high return is expected. On the other hand, a security with a low relationship with the market (low systematic threat) is significant as a threat minimizer. Thus its necessary return will be lower. The proportion of the systematic risk of security comparative with that of the market portfolio is alluded to as its beta factor. In practice, industries such as construction are far more volatile than others, such as food retailing, and would have correspondingly higher betas. The CAPM shows the direct connection between the risk premium of the security and the risk premium of the market portfolio. The risk premium of share = market ...

When it comes to savings accounts, where do you even begin? Do a quick search, and you’ll find many savings accounts with different options with varying percentages, monthly fees and minimum requirements. Not to mention the many types of financial institutions themselves — online-only, banks and credit unions — and it can get overwhelming fast. Keeping this in mind, we’ve rounded up the best savings accounts — including ones at online banks and traditional brick and mortar — of 2021. We’ve included top information you need to know before opening or switching an account. And before we move on, yes , we recommend that Penny Hoarders have a savings account — keeping your cash in a box under your bed is not a solid, or safe, financial plan. We want you to feel empowered so you can get the best proverbial bang for your buck. We’ve ranked the very best savings accounts available today to help get you started. Our Picks for the Best Savings Accounts Account Minimum ...