August 22, 2023
One of the key differences between high yield savings accounts is the frequency of compounding interest. Some compound daily, some monthly. In this video I illustrate why, all things equal, daily compounding is better than monthly compounding as we compare the Ally and Capital One 360 high yield savings. The math will probably surprise you!...
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Fed Takes The Punch Bowl Away
THE PUNCH BOWL HAS BEEN REMOVED! Former Federal Reserve chair William McChesney Martin famously said the task of the Fed is, “to take away the punch bowl just as the party gets going.” Look at how the latest stock market peak in early 2022 perfectly coincides with the lift-off of short-term interest rates (which the...
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