The Origins of Money in America. A Tale of Three Important Functions.

Posted by Shmoop on 1/23/19 7:44 AM

This article is a sneak peek into our Personal Finance 101 ACE CREDIT® recommended college course. 

It's Saturday night and you can do literally whatever you want. What would you do? Sit at home on your couch and channel surf? Go see a movie with a best friend? Eat out with your S.O.? Fly to Hawaii and back?

Guess what? All those things cost money.

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Topics: Finance

Are You Smarter Than a Shmooper?

Posted by Shmoop on 1/13/19 8:32 AM

Ready to test yourself to see if you're smarter than a Shmooper? We've gathered four questions (and answers—you're welcome) from some of our favorite premium online courses and test prep. 

Be warned, though: some are tougher than others. If you get stuck or want to learn more about the topic covered in the question, simply click the associated link to go to the course.*

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Topics: Literature, Finance

Are You Smarter Than a Shmooper?

Posted by Shmoop on 1/6/19 9:00 AM

Ready to test yourself to see if you're smarter than a Shmooper? We've gathered four questions (and answers—you're welcome) from some of our favorite premium online courses and test prep. 

Be warned, though: some are tougher than others. If you get stuck or want to learn more about the topic covered in the question, simply click the associated link to go to the course.*

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Topics: Literature, Finance

Are You Smarter Than a Shmooper?

Posted by Shmoop on 1/3/19 12:23 PM

Ready to test yourself to see if you're smarter than a Shmooper? We've gathered four questions (and answers—you're welcome) from some of our favorite premium online courses and test prep. 

Be warned, though: some are tougher than others. If you get stuck or want to learn more about the topic covered in the question, simply click the associated link to go to the course.*

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Topics: Literature, Finance

So You Want to Start a Restaurant, huh? Let's Get into the Numbers.

Posted by David Siminoff on 12/27/18 9:00 AM

When planning your menu for the restaurant you're launching, you can’t just tell suppliers “send the right amount of sea bass.” You have to give an actual number. Figuring out budgets and resource allocation for a restaurant (especially with your moody clientele) is hard.

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Topics: Finance

Are You Smarter Than a Shmooper?

Posted by Shmoop on 12/23/18 7:00 AM

Ready to test yourself to see if you're smarter than a Shmooper? We've gathered four questions (and answers—you're welcome) from some of our favorite premium online courses and test prep. 

Be warned, though: some are tougher than others. If you get stuck or want to learn more about the topic covered in the question, simply click the associated link to go to the course.*

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Topics: Literature, Finance

The New Deal. Impact of a Jobs Guarantee.

Posted by David Siminoff on 12/16/18 10:01 AM
The Dangerous Fantasy of a Jobs Guarantee Robots. Driverless cars. The ineluctable modality of human motivation (any Finnegans Wake fans out there?).
 
We stand on the edge of an odd time in human history. The standardization of parts and process, along with the globalization of labor forces, have allowed the makers of hardware to produce...stuff...at incredibly low prices. For examples, check out Wish or the "Todays Deals" on Amazon. 
 
You get like 40 pair of underwear for $100. You get 7 frying pans for $40. You get a GMAIL account for...free-ish. 
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Topics: Finance, US History

The Myth of Day Trading

Posted by David Siminoff on 12/13/18 8:00 AM
You watch the TV commercials. Some geeky guy on a boat with human decorations dancing around him. He gloats about how much he made day-trading. "All I did was..." and then he spouts what sounds like Greek. And in fact, a lot of it actually is. A few terms to consider: 
  • Alpha. It means "smarts", more or less. If you have a lot of it, you will have made good risk-reward-related bets in the land of investing and/or trading and you'll be that geek on the boat. 
  • Beta. Volatility. Risk. It's the key calculus driver in assessing the Street's view of how to price risk. 
  • Theta. Time, specifically the decay of time in options that creep slowly toward expiry. 
 
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Topics: Finance

Student Loans vs Retirement: One is Already Winning

Posted by David Siminoff on 12/6/18 8:30 AM
Pink unicorns. Humans who fly (without tech help). Bigfoot. Nessie. Can we add "low-stress retirement" to that burgeoning list of myths in our modern society? 
 
How many times have you heard your grandparents mutter wistfully about a simpler time ? Money was different—looser, cheaper, and easier to come by. Pensioners (old people living on 401k-like savings) had enough money to cover their nut, or living expenses . They typically fully-owned their homes. There was a culture 50 years ago which shunned plastic (credit cards), debt in general (car loans), and viewed a mortgage as a 30 year loving slog to be paid off
 
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Topics: Finance

There is a bifurcation in America regarding access to public services.

Posted by David Siminoff on 11/27/18 8:14 AM
Recently, Alexis Madrigal wrote an article for The Atlantic taking umbrage (feigning surprise?) at the notion that there is a bifurcation in America regarding access to "public" services. The cover ran a picture of a big Malibu blaze from the recent fires and discussed, more or less, how appalling it was that the wealthy—who own large, expensive (and expensive-to-insure) homes... should have quasi-private firefighters called out to help them in times of need. 
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Topics: Finance

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