Stock Market Insights & Resources:
Seeking Alpha – Is a free stock market resource website that provides up to the moment new in business, it includes stock market insights and financial analysis from like-minded people. It also provides free earnings call transcripts, podcasts, investment ideas, as well as Exchange-Traded Funds (ETFs) and stock research.
I have been using Seeking Alpha for years, especially their mobile app, to keep up to date on the companies I either directly invest or have interest in.
By signing up you have the ability to create a “portfolio” of stocks you would like to follow and receive notifications of the latest news and updates.
If you are new to the stock market Seeking Alpha gives you the opportunity to track your success or use it as a learning tool by creating fictional portfolios, where you can add the number of shares and value per share to be tracked in your “Portfolio Holdings” tab.
One of the biggest benefits of using Seeking Alpha is the community of like-minded people searching for “Alpha“. You can follow contributors and have open discussions on late breaking news such as company acquisitions, earnings report, or contributor articles. Your profile and comments you make can be followed or “liked” as well!
High Yield Savings:
Do you have your money sitting in a “brink-n-mortar” bank down the street earning 0.05%? Why? Your money could be working harder for you by earning 2% or more by utilizing online banks offering high yield saving accounts. Now I know that might not sound like much, but if you need a place to store your emergency fund while also keeping up with inflation, and not get fee’d to death give some of the below banks a lookie!
Synchrony Bank – The online bank that I have personally used for years is Synchrony Bank. Typically no fees to open a savings, money market, or certificate of deposit accounts. They offer an excellent rate on savings accounts with no fees or minimum deposit requirements (at the time of this writing Synchrony Bank is offering a solid 2.15% on savings accounts) and provides easy access to my money with no-fee ATM withdraws or transfers.
One of the biggest concerns people have with online banks is that it’s “online” and “I can’t physically go there and touch it!” or “Is it safe?” In today’s digital age online banks are just as safe as those down the street from you. Most online banks are FDIC members and typically insure your money up to $250,000 per account. You can always check the FDIC’s website to verify if an online bank is a member.
You can also check on the “health” or “financial stability” of an online bank by doing some research.
So quit losing out to inflation and get going with an online savings bank!