At a time when savings banks and cooperative banks are having to cope with declines in earnings of up to 30% due to the ECB’s continuing low interest rate policy, many people are asking themselves what is actually going to happen to the traditional model of the house bank. How long can such a system, which on the one hand is characterized by a dense branch network and on the other hand by a commission-based sales strategy, continue to hold its own against new, innovative market participants, so-called FinTech companies? Continue reading
In Latin, the “speculator” is the observer, the scout, the general’s spy. Nowadays, he identifies the one who wants to profit from the evolution of the price of a good or a property title (share, bond, real estate, option, currency, interest rate…). The speculator has no other goal than to make a profit and ideally in the shortest possible time. The speculator is not interested in the quality of goods and securities, nor in the social impact of his decisions (layoffs, poverty, expropriations, famine, …etc), but only in the price gap whether it is rising or falling, having the potential to generate a profit. Continue reading
Self-employed people often find it difficult to get a company loan from a bank. Therefore, crowdfunding can be an alternative to a bank loan, especially for self-employed and freelancers. While this group financing has long been established in the USA and Great Britain, it is only in Germany that it has its big breakthrough. On a financing platform, the self-employed person can register, present his or her project/service and determine the financing amount. Everything you should know about swarm financing, you will learn in this article. Continue reading
With interest rates remaining low, many investors are beginning to rethink. According to a recent survey, the number of security buyers is increasing. However, not all customers have yet discovered the advantages of shares and funds for themselves. You don’t have to go straight to Wall Street to buy securities.
With interest rates remaining low, conservative savings deposits hardly bring any income. – Katrin Chrambach, PostbankContinue reading
It is the founders who are responsible for social, economic and technical progress. Unfortunately, however, in many cases the start-up project fails due to the financing of the business idea. The solution: the loan for founders of credit institutions. However, start-up financing is not simply granted. The founder must prove his business idea and convince the potential investor that he is only taking a small risk. You can find out how to do this best here. Continue reading
The envelope system, I’ve never talked about it on the blog because I don’t use it. But I’ve heard so many good things about it that I had to mention it. Usually, I don’t like to talk too much about what I don’t practice. But I’m making an exception, because it seems that the envelope system helps you manage your budget in a very efficient way. Several people have told me about it, and I will tell you what they told me about their experience.
Moreover, it is an old method, and I really like old methods full of common sense. They have proven themselves.
So if you’re looking to increase your savings, this tip will certainly help you! Continue reading
Family planning in a different way: Hungary’s government plans to use the generous loans to exert a positive influence on the planning of young Hungarian families. With state-guaranteed loans, women are to be motivated to make a greater contribution to the birth rate.
By offering favourable conditions for loans, the Prime Minister of Hungary wants to encourage women in the country to bear more children. Hungary has already subsidised the procreation of children in the past. And this has achieved marginal success, after all. In six years the birth rate has risen by 0.3 percent. Now women are to be granted cheap loans to make it easier for them to decide to have more children. Continue reading
You may need to transfer money abroad for many reasons: to support your family, to help a loved one on a trip, to book a vacation rental, etc.
It used to take a long time and be expensive through the usual channels. It’s always frustrating to have saved money, only to have part of it cut down by transfer fees.
But that was before. I’m going to show you how technological innovations allow us to reduce our costs and save money. I’ll take the example of money transfers, but the same principle applies in many other areas. Continue reading