Where do America’s biggest banks make their money?

Most people know the traditional banking model, if only from George Bailey in It’s A Wonderful Life 다운로드.

In simplified form: A bank takes deposits from savers, and pays them a low interest rate. Then it lends that money out to borrowers at a higher interest rate 다운로드. The bank’s profits come from the difference between the rates.

 

Charming…but far from the truth for the modern bank 카 2006 다운로드. An article from NPR’s Planet Money looked into JPMorgan Chase, the largest bank in America, and found they do much more than that 다운로드.

The two most important ‘extra’ activities are charging fees and the outright investing of their own money. Here is how it breaks down:

  • $48 billion – interest from loans
  • $35 billion – fees
  • $11.5 billion – trading

A little less than half of the bank’s revenue comes from non-traditional banking activities (fees, trading) 다운로드. Not so bad, especially with trading accounting for so little. Remember, one of the root causes of the financial crisis was all the big banks exploding their trading 다운로드. When the market collapsed so did they, but were “too big to fail” and we had to bail them out.

Suffice it to say that banking with deposits and loans is very hard (George Bailey nearly went under), add in too much trading and banks become very unstable 다운로드.

 

Continue reading Where do America’s biggest banks make their money 다운로드?

Kayak to IPO under the name KYAK, valued at $1 billion

Kayak is expected to start trading tomorrow, after waiting nearly a year for the turbulent IPO waters to subside dsm 5.2.

Later this afternoon, Kayak is planning to sell 3.5 million shares at $22 to $25 each, to raise as much as $100 million, according to its latest document filed with the Securities and Exchange Commission 버추얼 머신.

But based on strong demand, the company could end up pricing its shares even higher, reports CNBC.

At the top of its current range, the company would be valued at nearly $1 billion 에이지 오브 엠파이어2 다운로드.

The online travel company will trade under the ticker symbol KYAK on the Nasdaq exchange.

 

Keep reading: All Things D – Kayak Finally Set to Take the Plunge Into Uncertain Market

 

 

Continue reading Kayak to IPO under the name KYAK, valued at $1 billion

The Intelligent Investor – by Benjamin Graham – “the best book on investing ever written”

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide 다운로드. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949 csr8510 a10 드라이버 다운로드.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles 다운로드.

The Intelligent Investor

 

“By far the best book on investing ever written.” – Warren Buffett

The Intelligent Investor – by Benjamin Graham – "the best book on investing ever written"

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide 다운로드. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949 다운로드.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles 오펀블랙 다운로드.

The Intelligent Investor

 

“By far the best book on investing ever written.” – Warren Buffett

Unknown to most modern-day investors and traders – Reminiscences of a Stock Operator is one of the most important investment books ever written

Like you I dream of investing in the stock market to make money. Not big money but simple 10% returns, year over year.

The trouble is that the market is so complex and confusing 티칭 필링 다운로드. It seems to take an infinite amount of time, research, and knowledge to make it work. To which, I respond, there has to be a book to explain it all to me ch340 드라이버 다운로드.

A novel that encapsulates all I need to know into pithy, poignant statements. Offering a way to avoid all the simple mistakes and skip right to the business a making money 다운로드.

I have found the first book of that kind for any investor, Reminiscences of a Stock Operator by Edwin Lefèvre.

Reviews:

The most important investment book for today’s investors isn’t on the hottest new trend–it’s a book written over 70 years ago 도라에몽 극장판 달 탐사기 다운로드. Originally published in 1923, Reminiscences of a Stock Operator continues to inspire each new generation of investors.

Unknown to most modern-day investors and traders 다운로드. Reminiscences of a Stock Operator is one of the most important investment books ever written.

Although Reminiscences…was first published some seventy years ago, its take on crowd psychology and market timing is a s timely as last summer’s frenzy on the foreign exchange markets 아이작 애프터버스 세이브파일 다운로드.

After twenty years and many re-reads, Reminiscences is still one of my all-time favorites.

Stock investing is a relatively recent phenomenon and the inventory of true classics is somewhat slim fckeditor. When asked, people in the know will always list books by Graham, Malkiel, and Fisher. You’ll know you’re getting really good advice if they also mention Reminiscences of a Stock Operator by Edwin Lefèvre 시네마 4d 무료 다운로드.

Continue reading Unknown to most modern-day investors and traders – Reminiscences of a Stock Operator is one of the most important investment books ever written