Finance

When holding their stock picks for the year, banks were only 43% accurate with their predictions. That’s right! Flipping a coin would have been potentially more effective than buying bank stock picks, which ended up down -4.79% on the year. The S&P 500 finished down only -0.69%. Simply just making any interest in a savings account would have been more effective as well. [This article ranks] the banks, from best to worst, based on accuracy of their calls and also based on the performance of their recommendations.

Being a millionaire is overrated. Becoming a “millionaire” once meant being set for life and destined for early retirement - but that was then, and this is now. Today's infographic shows how things have changed over time, and that a million dollars of wealth ain’t what it used to be.

My parents are more stressed now than ever before as a result of the combination of healthcare costs and income squeezes. The threat of bankruptcy for them is a big one, as is foreclosure on their family home. This has inspired me to write this article (guide) for seniors on how to deal with the financial stress in their lives. I hope you find useful.

An unelected, unaccountable group of central bankers has far more power over our economy than anyone else does but, with the election of Donald Trump as President, we now have an opportunity to get free from this insidious system because, if he truly wants to fix the economy then shutting down the Federal Reserve would be the thing to do. It would take someone very bold to make such a move so it begs the question, "Is he up to the task?"

U.S. bank stocks have seen their share values rise since the November 8th election which could also impact the stock price performances of financial institutions north of the border, such as Royal Bank of Canada. Here’s why the banking sector could benefit big time under a Donald Trump Presidency.

You might have heard people claiming that they'd flee to Canada if Trump — or Clinton — won (maybe you've even said so yourself) but you might be surprised to learn that life can get costly over the border. Here is a quick look at what you would pay were you to flee to our neighbors to the north.

It is important to ask the right questions and do your own due diligence before selecting an advisor or participating in an investment. This article presents 10 basic steps all investors can take as well as certain indicators that should serve as red flag warning signs of the potential for trouble down the road.

Given what the charts below show it’s all-but-certain that the Federal Reserve will raise interest rates in December.

In the aftermath of the financial crisis of 2007–2009, analysts and prognosticators have argued over what will likely be the next big bubble: will it be in auto loans, in equities, government bonds, or even in housing again? In fact, the biggest risk facing financial markets may be the financial asset duration bubble. Let me explain why that may well be the case.

If you think that China's currency is a little confusing, you're not alone. Sometimes China devalues its currency on purpose and other times, China hoards gold or dumps U.S. bonds to prop it back up and protect its value. What gives? Today's infographic demystifies the Chinese Yuan.