No, for the most part, a bank is not required to pay interest on any escrow accounts (also known as mortgage impound accounts) it holds for its customers. Indeed, the U.S. Department of Housing and Urban Development (HUD) does not specify that escrowed money be held in interest-bearing accounts. Escrow isContinue Reading


Pegged by many as a high-risk, high-reward stock, Tesla Motors, Inc. (TSLA) ranks among the most interesting public companies in the world. Founder Elon Musk is a controversial superstar in the technology industry, and Tesla’s Silicon Valley roots have boosted investor expectations. Tesla attracted even more attention in the summerContinue Reading


First, know your memes. HODL began as a typo for the word “hold” on a forum, and the crypto community found it so amusing that they now use “HODL” as a term to denote holding (rather than selling) one’s cryptocurrency.  In December 2017, bitcoin brought seasonal cheer to investors asContinue Reading


If you are a strong proponent of socially responsible investing, you may find this article hard to fathom. There are definite advantages to investing in “clean” companies. But if there is one aspect of society that has endured the test of time: sin. And believe it or not, there areContinue Reading


For Fidelity Investments, one of the world’s largest asset managers, there was no need to explore the digital currency space. Nonetheless, in mid-October of 2018, Fidelity launched Fidelity Digital Assets, a limited liability corporation designed as a “full-service, enterprise-grade platform for securing, trading, and servicing investments in digital assets,” accordingContinue Reading


Bitcoin Cash (BCH), currently the 10th largest cryptocurrency by market capitalization and the most prominent the dozens of different bitcoin forks, had its own split on November 15, 2018 into Bitcoin Cash and Bitcoin SV. Through the process of hard forking, the original cryptocurrency, Bitcoin Cash, remained in place and continuedContinue Reading


Insurance companies rely on the law of large numbers to help estimate the value and frequency of future claims they will pay to policyholders. When it works perfectly, insurance companies run a stable business, consumers pay a fair and accurate premium, and the entire financial system avoids serious disruption. However, the theoretical benefitsContinue Reading


Coca-Cola (KO) soda began in 1886 when Atlanta pharmacist Dr. John S. Pemberton created the now-famous soft drink, which was sold in the soda fountain of a pharmacy. The unique drink had moderate success, averaging nine servings per day. Prior to his death, he sold the majority of his stakeContinue Reading


An irrevocable life insurance trust (ILIT) is a trust that cannot be rescinded, amended, or modified, post creation. ILITs are constructed with a life insurance policy as the asset owned by the trust. Once the grantor contributes property or life insurance death benefits to the trust, they cannot change the terms ofContinue Reading