by admin | May 14, 2023 | Common Cents
The sunk cost fallacy is a cognitive bias that refers to the tendency for people to continue investing resources into a project, decision, or investment even when the costs outweigh the benefits. Essentially, the sunk cost fallacy is based on the idea that people tend...
by admin | Apr 30, 2023 | Common Cents
Financial avoidance is a psychological condition that affects individuals who avoid managing their finances, paying bills, or reviewing their bank accounts. This condition can have serious consequences on an individual’s financial health, as well as their mental...
by admin | Apr 19, 2023 | Media Quotes
Source: Bloomberg After years of low rates, high-yield savings accounts are having a moment. This week, Apple Inc. introduced a new product with Goldman Sachs Group Inc. that will allow Apple Card holders to earn a 4.15% annual yield, with no fees or minimum deposit...
by admin | Apr 16, 2023 | Common Cents
The collapse of Silicon Valley Bank (SVB) on March 10, 2023 was a major shock to the financial world. SVB was the largest bank failure in the United States since the 2008 financial crisis, and its failure had far-reaching consequences for the tech industry and beyond....
by admin | Apr 9, 2023 | Common Cents
An overlooked, but important, part of any retirement savings plan concerns the type of account you use. Investment accounts typically fall into one of three categories: Taxable, Tax Deferred, or Tax Free. This article will focus on the distinction between tax deferred...
