TessMore Finance Blog

It’s common knowledge that the vast majority of active fund managers fail to beat their benchmark indices. Every year, Warren Buffett writes a letter to Berkshire Hathaway shareholders and the first page is a table comparing the annual change in the market value of Berkshire Hathaway vs. the S&P 500 with dividends included. His compounded returns through 2022 are impressive (19.8% vs. 9.9%) but it’s uncommon for him to beat the S&P 500 on a year to year basis (and Berkshire Hathaway owns entire private companies, in addition to shares in a handful of public companies). If most active fund managers can’t do it and Warren Buffett, one of the most successful investors of all time, can’t do it… how can you? But every day, people try. And sometimes they succeed. And guess what happens when they do? Nothing. Table of Contents 🏁 Begin with the end in mind 😋 Do you know about Dunning-Kruger? 💵 You Won’t Bet Big Enough ⏰ Time Is A Finite Resource 🎊 It’s Fun And That’s

If you’ve been searching for a better return for your savings, you may have noticed that online banks are paying significantly more than traditional brick-and-mortar banks. This includes MySavingsDirect , which is currently paying 4.35% APY on their high interest savings account, which is comparable to rates you’ll find elsewhere but does not lead the pack in any one category . MySavingsDirect is an online bank, but they’re owned by a regular bank from New York City, and deposits are covered by FDIC insurance. In this MySavingsDirect Review, I’ll explain why it could be the right place for you to park your savings, while maintaining a relationship with your primary bank. Table of Contents What Is MySavingsDirect? MySavingsDirect Features Precious Metals Storage High-Interest Savings Account MySavingsDirect CDs Mortgages from Emigrant Bank MySavingsDirect Fees How to Open a MySavingsDirect Account Funding Your Account MySavingsDirect Pros & Cons Pros: Cons

Active stock trading requires a lot more time and effort than a typical buy-and-hold investing approach. To increase your chances of success, you have to spend hours monitoring positions and researching potential buying opportunities. That’s where a good stock-picking investment newsletter can come in handy. I subscribe to several of the best investment newsletters to see what stocks and funds are being highlighted to maximize investment returns in the current market. I also get lots of hands-on communications for a competitive subscription fee.  Action Alerts PLUS from TheStreet is one of the more popular investment newsletters. In this Action Alerts PLUS review, I’ll let you know how the publication can make it easier to spot investment ideas that you can use in your portfolio. I’ll share the key features, pros and cons, and some alternatives to help you determine if Action Alerts PLUS is worth signing up for. Table of Contents What Is Action Alerts Plus from TheStreet? Wha

Congress is currently haggling over the budget for fiscal year 2024, and as yet, it has not come to an agreement. If no agreement is reached by midnight on September 30, there may be a government shutdown. But what are the implications of a government shutdown, and how might they affect your own finances? It all depends on how long the shutdown lasts. If it’s resolved after just a few days, you may experience no impact at all. But if it lasts several weeks, certain areas of your financial life may be negatively affected. Table of Contents What Causes the Government to Shutdown? How Will a Government Shutdown Play Out? How a Government Shutdown Might Affect Your Finances Stock Market Returns Interest Rates Travel Employment The Bottom Line on Government Shutdowns What Causes the Government to Shutdown? Under federal law, federal agencies are prohibited from spending money absent appropriations from Congress. There are 12 annual appropriations bills, and if Congress fa

If you’ve been looking for ways to make a little extra money, you’re probably already familiar with the survey site concept. Perhaps you've even signed up with websites like Survey Junkie or Swagbucks in the past. One platform you may not be familiar with is KashKick . It’s a bit different than the competition in that there are more ways to earn cash, and you don't need to convert points to cash. But can you really earn more and save more , as KashKick claims? And if so, how much? I answer these questions and more in this full KashKick review. What Is KashKick? KashKick is a loyalty rewards website that allows you to earn cash by participating in certain activities while saving money on purchases. Unlike many similar platforms, KashKick is desktop-only; there is no mobile app, so you can't earn rewards when you're away from your computer. More on that later. Though the company is based in Wilmington, Delaware, no information is provided on the website regarding

We all know that shopping around is the best way to save money on any subscription. But who has the time to shop around all the time? I know I don't. We can also play the “cancel game,” where you call up a company and threaten to cancel. They play their role of saying “OK OK, don't cancel, let me give you an incentive to stay.” But that takes time and who wants to do that all the time? Today, we have a hack that can save you $10 a month on every active phone line for the next 12 months. That's a minimum $120 for a few minutes of tapping on your phone. There is no guarantee that Verizon will offer you a discount if you take these steps. But the steps take just a few minutes so your ROI, if it works, is amazing. How to Save $10 per Month per Phone Line The best part about this process is that you don't have to wait on hold, you don't have to talk to anyone, and you don't have to pretend you're canceling your line… you can do it all in the app. Open up

Until this year, copper seemed close to being a sure thing, investment-wise. Demand for the metal had increased steadily with the ramp-up in the production of electric vehicles (EVs). But it seems that, at least for the moment, demand for the metal has stalled. Contrarian investors would say that makes 2023 the perfect year to invest in copper. After all, it’s better to buy any investment or commodity when the price is low. But how do you invest in copper if you decide you want to take the plunge this year? I share some ways to do that in this article and provide you with some background on copper and the forces that are affecting its price today. Table of Contents How to Invest in Copper Copper Bullion Copper Stocks Copper Exchange Traded Funds (ETFs) Copper Futures Where to Invest in Copper Factors Affecting the Price of Copper 1. Demand as an Industrial Metal 2. A Future Copper Supply Deficit? 3. Diversification from Stocks and Bonds 4. Copper is a Monetary Asset