Pros and cons of government-backed vs. Conventional loans

A government-backed mortgage is a type of mortgage loan that’s insured by an agency of the federal government. Instead, a conventional loan is any mortgage loan that is not insured or guaranteed by the government Government-backed loans and conventional loans are two main types of mortgages available to borrowers. Each option has its advantages and drawbacks. Let’s explore the pros and cons of both types: Government-Backed Loans: Pros: Cons: Conventional Loans: Pros: Cons: In conclusion, choosing between government-backed and conventional loans depends on your financial situation, credit score, and homeownership goals. Government-backed loans are more accessible to borrowers with lower… Continue reading

The 56 largest banks in the US by total assets

US banks play an important role in the global economy and finance. Given their importance, in this work with be presented the ranking of US banks by total assets, which is one of the most widely used indicators for the comparison of banks. The total assets are defined as resources owned by the bank from which future economic benefits are expected to be generated. They are the sum of non-current and current assets, and this total should equal the sum of stockholders’ equity and total liabilities combined. After this brief introduction, let’s see now the list of the largest banks… Continue reading

Top 52 countries that have the largest gold reserves

Central banks hold gold reserves which are used over time to achieve various objectives. It often happens that a country’s gold reserves are not held in its own central bank, but are held in the central banks of other countries. This choice can take place for various reasons, which will not however be analyzed in this paper which will be focused on the realization of the rank of countries by gold reserves. Let’s see now see the top 52 countries that have with the largest gold reserves in the world. In the top of the ranking of the countries by… Continue reading

How to earn money by selling handmade products

If something is handmade, it is made by someone using their hands or using tools rather than by machines. Handmade items can look awkward and inexpertly constructed, but just as often they’re more beautiful and special than their machine-made counterparts. Earning money by selling handmade products can be a rewarding venture for creative individuals. Here are some steps to help you get started: Remember, building a successful handmade product business takes time and dedication. Continuously refine your craft, interact with your audience, and adapt your offerings based on customer preferences. As you establish a strong brand and customer base, you… Continue reading

5 surprising insurance policies you never knew existed

When we think of insurance, the typical policies that come to mind are health, auto, home, and life insurance. However, the insurance industry has evolved over the years, offering coverage for unique and unexpected situations. In this post, we’ll explore five surprising insurance policies you probably never knew existed. From protecting unusual assets to covering extraordinary risks, these policies provide fascinating and often essential coverage for various aspects of our lives. Conclusion:The insurance world is full of surprises, and beyond the conventional policies, there are some truly unusual and entertaining coverage options. While not everyone may need alien abduction or… Continue reading

Top 60 largest banks in the world

Compared with the last year, many banks have lost positions in the ranking of the largest banks in the worlds by market capitalization, others have gained positions and some, however, have maintained the same place in the ranking. Let’s now see the 60 largest banks in the world by market cap. In the latest ranking of banks in the world there are 12 US banks, 10 Chinese banks, 5 Canadian banks, 4 Australian banks, 4 Japanese banks, 3 British banks, 3 Indian banks, 2 French banks, 2 Spanish banks, 2 Singapore banks, 2 Hong Kong banks, 2 Brazilian banks, 2… Continue reading

The 68 largest stock exchanges in the world

Stock exchanges play a vital role in the world economy. Higher is their market capitalization, higher is their weight in economy. Given their importance, as every year, we are going to publish the ranking of the stock exchanges by market capitalization. The data used to create the ranking were collected in the main financial sites, are expressed in millions of USD and refer to 30/04/2021. After this brief introduction, let’s now see which are the 68 largest stock exchanges in the world by market cap. The largest stock exchange in the world by market capitalization is NYSE, followed by Nasdaq,… Continue reading

The power of compound interest: growing your money over time

Compound interest is a remarkable financial concept that can significantly grow your money over time. It is often referred to as the “eighth wonder of the world” and is a powerful tool for building wealth. In this guide, we’ll explore the magic of compound interest, how it works, and how you can harness its power to achieve your financial goals. Conclusion:Compound interest is a force that can work wonders for your financial well-being. By starting early, staying invested, and consistently contributing to your investments, you can harness the power of compound interest to grow your money exponentially over time. Patience,… Continue reading

Understanding tax-efficient investing: minimizing your tax burden

Tax-efficient investing is a strategy that aims to minimize the impact of taxes on investment returns, allowing investors to keep more of their money and potentially grow their wealth faster. By employing various tax-efficient strategies, investors can reduce their tax burden and maximize after-tax returns. Here are some key considerations for understanding tax-efficient investing: Conclusion:Tax-efficient investing is a valuable strategy for minimizing taxes and maximizing your investment returns. By utilizing tax-advantaged accounts, strategically locating assets, employing tax-loss harvesting, and being mindful of the tax implications of your investment decisions, you can optimize your after-tax returns. A tax-efficient approach can make… Continue reading

Comparing bank fees: everything you need to know

Bank fees are imposed by financial institutions on their customers for account set-up, maintenance, and minor transactions. These fees may be charged on a one-time or ongoing basis. Fees make up a big portion of bank revenue, though some fees may be negotiable. Comparing bank fees is essential to avoid hidden charges and make the most of your savings. Here are some tips to help you identify potential fees, minimize them, and maximize your savings: 1. Research Different Banks: 2. Types of Fees: 3. Fee Waivers: 4. Overdraft Protection: 5. ATM Access: 6. Minimum Balance Requirements: 7. Review Account Statements:… Continue reading