Data & Finance for Work & Life
With $50,000 annual income, you can expect a minimum credit limit of about $2.5 across all cards. Keep in mind that the national average limit on new cards is $3,176. Since $50k is below the average salary, you should expect to receive less than $3,176 on each card. Average Minimum Credit for $50k Salary $2,450 …
Credit Card Limit for $50,000 Salary: What to Expect Read More »
With a $30,000 salary you can expect a minimum credit limit of $2,596 across all credit cards1. This means if you already have a card, simply subtract its limit from $2,596 for an estimate of what you’ll get on the second card. Keep in mind the average credit limit granted on new cards is $3,176. …
Credit Card Limit for $30,000 Salary: What to Expect Read More »
Getting a credit card with zero credit history can feel like an impossible task. For beginners the whole system appears to be a vicious cycle: you need credit to get a card, and you need a card to build credit. The reality is not so black and white. Many have done it with a little …
Credit Card Approval with No Credit: Odds, APRs & Limits Read More »
This article serves as a reference for credit card data and statistics. We spent 20+ hours cleaning, analyzing, and visualizing data from the Federal Reserve1 to provide a comprehensive yet succinct summary of consumer credit card facts and trends. We represent almost all the data through visualizations. Using this data as a reference, consumers can …
Credit Card Data & Statistics for Context & Insight (Visual) Read More »
Credit scores quantify a consumer’s reliability to repay debt based on metrics like payment history and credit mix. These metrics work because they’re numerical and universal, but used alone they misrepresent borrower worthiness. That’s why there are other factors. The three C’s of credit used to contextualize borrower worthiness are Capacity, Collateral, and Character. They …
Three C’s of Credit: Meaning & Use in Credit Analysis Read More »
Personal assets include stocks, bonds, jewelry, cars, houses, art, crypto, CDs, cash and more, and they require attention to grow. You could get a financial advisor for a hefty fee, or do it yourself. Managing your own portfolio is a low-effort investment strategy that uses consumer software to buy, sell, and track personal assets based …
How to Manage Your Portfolio: Types, Rules, Tools & Approach Read More »
Artificial intelligence (AI) trading dominates 60-73% of US trade volume, and it’s not just big bank throwing their weight around. AI is quickly infiltrating small firms and retail investor tools. But AI isn’t a full-size decision making robot. It only brings value in a small set of use cases. AI trading works by collecting and …
How AI Trading Works & 4-Step Guide to Do It Yourself Read More »
Steak is worth more to beggars than vegans, and a company is worth more to some than others. The difference is investors value a company by its ability to resell. Resale potential is twofold, consisting of future value and present performance. The future is subjective, but performance is factual. The principal behind value investing is …
Deep Value Investing: Definition, Strategy, Stocks & Tools Read More »
The 10, 5, 3 rule says the annual return rate on stocks is 10%, on bonds is 5%, and on cash is 3% when held for periods of 10+ years. For example, if you invest $100,000 evenly in stock, bonds, and cash today you will have after 10 years $185,553 and after 40 years $1,852,055. …
The 10, 5, 3 Investing Rule: Example Strategy & Calculator Read More »
Quality is easy to fake. That’s why poor performers get hired and bad used cars get sold. Investing is no exception. With a quality approach, traders go long on winning stocks using predefined qualitative and quantitative criteria. Quality investing is a portfolio strategy that identifies companies with outstanding prospects based on criteria in matters of …
Quality Investing: Definition, Strategy & Example Stocks Read More »
