Category: Personal Finance
Personal finance and money management can be very confusing. Most people know that optimizing their finances is important but few feel confident that they have the knowledge to do so.
At Fioney we stay on top of the latest economic trends, financial products, and money management strategies in order to provide the knowledge to help you use the money you have today to live the life you want.
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Personal Finance
Personal Finance
Investment App Public.com Raises $15 Million From Some Big Names
In less a year's time, the face of investing has changed dramatically. Between Charles Schwab first cutting its trade fees to $0 (a move that was later matched by several other discount brokerages) and then announcing an acquisition of TD Ameritrade, things are certainly looking different than they once did. Now Public.com is looking to further shake things up — and it managed to make an impact this week, announcing...
Personal Finance
Outages Plague Robinhood on Back-to-Back Days
Since launching in 2013, Robinhood has definitely made its mark on the world of FinTech. Of course, by offering users the ability to trade stocks without paying commissions, it's also helped democratize the world of investing, making it a go-to for many market newbies. At the same time, the company has endured some struggles and setbacks, including getting called out by the Securities Investor Protection Corporation (SIPC), leading them to...
Personal Finance
Money at 30: "The Velvet Rope Economy" Book Review
Is air travel getting worse or has it only gotten better? That depends on who you ask — and often how much money they have. For those forced to fly coach, it's not uncommon to hear about increasingly cramped seats or having to resort to airlines that won't even serve you a glass of water without a fee. Meanwhile there's now a popular crop of travel sites showing off lie-flat...
Personal Finance
Federal Reserve Cuts Interest Rates as COVID-19 Spreads
When the United States Federal Reserve cut interest rates by a quarter-point in October, it was expected that no further cuts would occur in 2020. However, with the novel coronavirus — officially known as COVID-19 — threatening the global economy, the Fed made the rare move of adjusting their benchmark rates outside of their regular quarterly meetings. What more, as CNN reports, the agency cut rates by half a percentage...
Personal Finance
FinTech Investments Topped $34 Billion Last Year
If it weren't already clear, 2019 was a good year for FinTech. In addition to a profile boost that companies such as Robinhood and SoFi have enjoyed, it seems that numerous startups saw significant new investments. In fact, as a new report from CB Insights shows, FinTech startups raised nearly as many funds in 2019 as they did in 2016 and 2017 combined. First the bad news: FinTech investments were...
Personal Finance
Morgan Stanley to Acquire E*Trade
When Charles Schwab announced it was lowering its trade fees to $0 — following the lead of FinTech startups like Robinhood — it was clear that a shake up to the brokerage industry was underway. Sure enough, within days, several other firms including TD Ameritrade, E*Trade, and others revealed that they too would be putting an end to their trade fees. This was then followed by the news that Schwab...
Personal Finance
