Fidelity National Information Services, Inc.
FIS
NYSE55.38
been looking around for sectors or special situations down since the october lows
dodgy finance BAC -18% SCHW -29% regional banks
Healthcare plans, generally (UNH, ELV, CVS, CI, CNC) -10%+
pharma PFE -16% AMGN -12% BMY -11%
big caps: TSLA -30% AMZN -8.5%
some random tech shit: INFY - 18% TEAM -23% FIS -30%
oil and gas some are -10% to -18% EQNR -16% PBR-A -21% SU -9% COP,EOG,OXY,PXD -15% ish
unexpectedly defense: NOC -13.5% GD -11.5%
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It's a hit or miss to use an account that's not meant for spending. Sometimes they'll block third-party ACH transfers, sometimes not. You can open a checking account or cash management account that come with checks and debit cards, and then you can be sure that it is meant for spending.
Maybe your carrier doesn’t train properly on MI handling.
https://www.michigan.gov/autoinsurance/-/media/Project/Websites/autoinsurance/PDFs/FIS-PUB_0202a.pdf?rev=f0fb2628817f479d92ec040006bae492&hash=C513F3F39A035F43064BCEF49B6B0C07
Read bullets 2 and 3
Weird to see a random report from the company I work for around these parts. Yeah things are pretty rough, we had same layoffs I luckily dodged, but they hit projects still early in development so those are now further away from generating revenue for us.
In addition our CEO made the decision to divest a company called Worldpay which was purchased in 2019 for a pretty penny, so that's yet another revenue stream FIS won't be seeing.
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Get copies of all the statements and transactions to prove that it was your brothers doing and take him to small claims court to recover the funds and pay back the bank.
Typically if the bank turns you into ChexSystems, they will try to collect on those funds like a normal collection agency. Any bank or FI you go to open a new account with that partners with ChexSystems will be able to see that you have been turned in for a delinquent account that was not satisfied. That will make it a little harder for you to establish an account on your own, unfortunately.
Some banks and FI’s will offer “Second Chance” checking accounts where they will allow you to open an account, but there may be certain restrictions on it.
Your Wi-Fi’s boyfriend
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You need to do some research into the basics of the industry my friend, V and MA aren't lenders. The FIs who issue the cards are the ones who lend the money
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Banks certainly are. SVB well illustrated that. Fed backstopped the FDIC and covered all deposits regardless of amount. Furthermore, Fed Chair Powell basically stated that FIs deemed too big to fail effectively have unlimited FDIC coverage. Needless to say, small and medium size banks aren't thrilled by that and pushing to be included.
More to the point, the Fed bought underwater bonds from SVB at face / par value. And, from my understanding, has offered to do so from other FIs too. Banks won't be allowed to fail. That's effectively nationalization.
Low-income people are frequently affected by account suspensions / closures. Very often it involves on-line only banks like Chime (lots of horror stories), but also happens with regular brick and mortar banks of all sizes from small to the largest. It's not an isolated issue.
Many FIs rely on automated systems with minimal customer service. Often, it's offshore support or maybe even U.S. based, if one is really lucky. Or a chatbot that giving human like answers without addressing the actual problem. Or no support at all.
Getting paid and paying bills is an essential part of life. Basic banking services absolutely should be treated as a utility. Or should people just rely on sketchy prepaid cards, check cashing places (many employers don't issue checks anymore), etc and hope for the best?
REPORTED short interest fell. Reported short interest is as ineffectual and opaque as the rest of the market is to the public as well as regulators. And 5-10 years later when FIs, exchanges, banks get caught straight up committing crimes and breaking SRO rules, they pay a pittance of a fine.
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2500 a month cash flow that goes toward your student loans would not only free up a lot of cash fis but bring more wealth long term
There is no question here in my mind you need to invest and I’ll put it simply. You just said $20000 would create $2500 in cash flow monthly. That means in a single year your cash on cash return is almost 200%. He’ll on the offer alone the cash on cash return is still better - $200k on a building you just said you could spend $20k and net $45k a year. That means in 5 years you more than made back the offer in cash flow.
Why would you think of selling?
All good, that’s why you ask.
Not possible on the new. Could be possible on your current (but you didn’t give specifics there). Just have to keep in mind what that will do to your all-in monthly costs on that property and if that makes renting impractical at market rates.
Cash-out refi for other investments is rarely recommended unless the property is paid off, or you have A LOT of equity. Be very wary of get-rich quick schemes online that use re-fi’s as a growth strategy. It’s SUPER risky.
Don’t forget unlimited deposit insurance because rich people who don’t understand FDIC rules got their fi-fis hurt. Why anyone believes the fed has any credibility is beyond me.
A lot of credit unions do this, FI’s receive ACH files early and post dated for the actual pay date. They have the option of making it available early as a benefit to customers
I agree with most of what you said but it literally is JPM’s job to understand what people do with their money. FINRA or FINTRAC if you’re Canadian requires this from FI’s. AML/CTF is still a responsibility left to the first line of defence at these institutions. But I digress I work at an FI and used to in that capacity, nothing will happen other than minuscule fines at best.
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The whole industry was reliant on churn. House prices kept going up. People would sell/move and very few people just kept a mortgage long-term nor should they when rates came down.
Make some cash on fees with each transaction. Rates typically were within a few points. Aggressively push and sell those re-fis as better rates became available.
Now you can pry my 2.25% fixed from my cold dead hands.
Seriously I'm stuck or renting it out if we did have to move.
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With the fed literally giving up on fighting inflation because the elites got their fi-fis hurt, and you want me to be a bear? Fuck that shit. Don’t bet against the systemic, “privatize gains and socialize losses” regardation the fed is actively promoting right now. It’s akin to financial suicide.
Unfortunately . . the “worst-case” scenarios that are calculated for the stress tests measure that the financial institution (FI) will still be ‘sufficiently capitalized’ in the “highly unlikely event” that interest rates would increase by 3% (300 basis points).
In good news: It’s usually pretty unlikely that interest rates would rise 3% in a very short timeframe.
In bad news (possibly for more FIs than we should probably be aware): They just did.
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We are possibly due for a recession soon, but Covid restrictions globally have mostly ceased, leading to many people traveling, spending money, especially lots of rich China traveling. Do you think fintech companies like Paypal, FIS, Fiserv, will profit more or less during the next couple years?
It’s not. What’s bullish is the fed effectively gave up because elites got their fi-fis hurt.
The no cred Fed is in a catch 22 rn. They pause, well now they admit that the bank shit is a big deal and that they’re not as data dependent as they said they are. They raise, and they make the situation materially worse and it strains FIs even more.
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XOM, ESTE, TITN, FIS, KBE, SCHW. Thoughts on these guys?
2008 was way worse. The FIs that collapsed didn’t have underlying assets in 2008. In 2023 we have a liquidity crunch due to long term instruments. The in the red assets will pay out, just in 8 years.
I tend to agree with this strategy and have been looking at similar company’s to FIS. NCNO, NCR and QTWO for example. Know much about these?
I see google I like An idea from me would be FIS. They have exposure to banking so they got hammered but they make the software banks use so they will keep using the software. They also fkd up their last acquisition and announced a divestment of it with a loss. In the end they're still a top company making important software for banking with a huge moat so they will recover but a lot of temporary bad stuff happened to them in the recent past.
Deposits held doesn’t say too much. Interconnections with other fi’s and off balance sheet instruments are far more interesting to look at.
The Royal Navy is 70% smaller than it was in 1982.
Thankfully, the FIs actually have a decent garrison this time which would defeat any invasion and the Argentine military is a complete mess.
It sounds like your CU should invest more in their systems. Most FIs aren’t using batch files anymore and the cores are updated real-time. I’m not even talking about a top of the line core.
The point I was making is that you could easily have a tech that monitored liquidity of an FI in real time.
They also serviced other products outside of deposits. Things like lines of credit, cash and interest sweeps, etc. Their particular idiom was supporting the unique context that VC backed businesses operate in.
For example: A mainstream bank might base your eligibility for a loan off of the past 45 days worth of revenue, but SVB would look at ARR, trends in MAU/DAU, STR, AOV, etc.
Normal FIs are not generally equipped to support the needs of a business that isn't rev positive but might be wildly lucrative in the future. They might have something there...
That being said [tongue gently caressing cheek], the last 25 years worth of financial expansion due to companies which were spun up under this cockamamie investment model we call VC likely wouldn't have happened otherwise.
You'd be crazy not to. Today was the textbook example of panic selling. All FIs got painted with the same broad stroke today (Schwab included) whether they deserved it or not.
This is correct here. When you file a CFPB complaint, the financial institution has 60 days to provide a response. If they have not resolved your complaint within that timeframe they would still have to respond to the complaint at day 60. In this case they probably provided you with an outline of your account to address your complaint up to the most recent status, and since maybe there is a claim still in progress they are still technically "still investigating". Since some claims within regulation E can take longer than 60 days, a lot of FIs will respond with this statement. Hope this helps understand. Most of the time the FI will provide you with a direct contact to help you with your CFPB case. Escalate through that contact.
Correct, for large FI’s. Small and regional banks could face contagion as they are not required to the Fed stress testing requirements.
The underlying assets are different. SVP has a ton of bonds that cannot be sold.except at a loss. 2008 had physical assets that nobody could or would buy that were overvalued and, because of FIs also making viable physical assets toxic (because of packaging and structuring of the securities).
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Technically, yeah. In practice, when FI’s require you to be a US resident, they only really care if you are a US tax resident (i.e. you fill out a W-9 instead of a W-8BEN for withholding). Being a citizen or having a green card is the main way to be that, of course.
I’m a Canadian citizen living in the US and I was able to open an Ally account just fine. They only ever asked for a drivers license and SSN card for KYC.
Jerome Powell is a little geek for not tanking the market! He doesnt care about anyone but him and fis friends! He must be eliminated!
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I bet a lot were re-fi’s? I re-fi’d in the summer of 2021. Went from 30 years (20.5 years left) at 4.375% down to 15 years 2.5%. Was a no brainer.
Different
Fidelity is investments FIS is Fintech solutions
This article is trash. FIS stock was not even up premarket and certainly not 10%.
>This entire thread between us is that you want to include YouTube as part of search.
Please show me where I claimed that.
>Which also means this silliness that 90% of Google revenue fis rom search is clearly NOT true.
I clearly stated Search and related projects You literally cut the words out of my quote and pasted.
This entire thread between us is that you want to include YouTube as part of search.
If you have finally come to understand that it is NOT. Then I think we are good.
Which also means this silliness that 90% of Google revenue fis rom search is clearly NOT true.
Onboarding takes time and is really expensive. I was with some FIs who downsized after the 2008 crisis. Too much knowhow was lost. One client had an offshore development and support centre in Moscow in 2014. They moved their centre to Bucharest relocating a lot of key staff. They faced further coat pressure last year but cut down on lower level business staff instead of IT.
The short answer is academic finance seems to have identified independent sources of portfolio risk outside of market beta, with the most robust models as recent as several years ago, e.g. Fama French 5 Factor. These "factors" have paid a risk premium historically and are also conveniently lowly correlated to each other, thereby offering a diversification benefit irrespective of their greater expected returns.
Since it sounds like you saw the other thread already, I won't repeat my lengthy explanations on the details from there.
But shameless plug since you specifically asked for evidence and why we'd be interested in such a strategy, I wrote what I think is a decent primer on factors and I actually just did a video on Merriman's Ultimate Buy and Hold strategy specifically last week. You can find those in my bio.
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So what would happen if a "lost" check is actually cashed within that guaranteed timeframe? The bank will get their money from someone and it's most likely their customer until they can get an investigation going to figure out what actually happened. But you can't just return the check in the case it was actually cashed by the correct payee. Some FIs will certainly have different risk thresholds for provisional credit but at no point before the void date can they flat out stop pay it.
Financial services and software for advisors, PE, Hedges, banks etc.
Ssnc, seic, fisv, fis, fds, msci, morn.
Fiserv looks great compared to the dumpster fire FIS
Your last 2 paragraphs don't make any sense. What other risks are there from looking at this purely from a number's perspective? Money is numbers. Numbers are objective. Objectively speaking, it doesn't make any sense in this case to pay down a cheap mortgage before investing. And your justification against that doesn't make any sense.
OP's home value appreciates by 3%/yr on avg while paying 3.5% in mortgage interest on avg so their net avg loss is about 0.5%. Meanwhile, instead of doubling his mortgage payments, he can invest them and achieve a 10% return on avg in the market.
No one in their right mind (outside of WallStBets fanboys) would over-leverage their home for a ~$50k HELOC at 7% while ALSO paying 3.5% on their mortgage before factoring in Closing Costs, Underwriting Fees, Bank Commissions, and anything else that I'm forgetting - just to invest that extra HELOC amount at 10%. That doesn't make any sense. You're overleveraged for a net gain of 2-3% on only the $50k and it doesn't even beat inflation, not to mention that you now have a monthly HELOC payment on top of your mortgage payment.
A better example would be people who did Cash-Out ReFis in like 2018 and lowered their existing 6% mortgages down to 3% mortgages and invested the cash achieving a 54% return from 2019-2022. People did do that. Alot of people did that. Because the math makes sense. And there was virtually no risk to doing so because they went from a 6% mortgage to a 3% mortgage regardless of how their investments did in that timeframe.
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It does depend on the industry. I’m in banking, have been for over 8 years, and I’ve quadrupled my salary in the last 3 years by moving up within 3 other FIs. I never made a lateral move. I’m planning on staying where I’m at for the foreseeable future though.
You shouldn't have surprise bills. Any bills will be sent to your auto insurer.
Don't give the hospital your regular health insurance. Let your auto insurance handle it.
This may help.
https://www.michigan.gov/-/media/Project/Websites/autoinsurance/PDFs/FIS-PUB_0216a.pdf?rev=052c4fa0aca84121a06c6ce8646a775b
The lawyer helps by representing her interests in dealing with the other driver's insurance. It's not a good idea for her to deal with them on her own.
Here are the claim amounts for Michigan. There is a lot she can potentially claim if she is injured.
You can only sue for up to $3,000 max. Again, no-fault state...
https://www.michigan.gov/-/media/Project/Websites/autoinsurance/PDFs/FIS-PUB_0202a.pdf?rev=f0fb2628817f479d92ec040006bae492
Go to the doctor and then call your insurance company back and tell them you have a medical claim. That is what your PIP coverage is for. Your insurer may have thought you were filing a damage claim your policy doesn't cover. If your employer works in insurance, they should know that. You don't need a lawyer for the claim. Michigan is a no-fault state. You go through your own insurance when you have an accident. I am also in Michigan.
https://www.michigan.gov/-/media/Project/Websites/autoinsurance/PDFs/FIS-PUB_0202a.pdf?rev=f0fb2628817f479d92ec040006bae492
Need to see how Gamma Max and Delta Neutral are repriced: https://options.hardyrekshin.com/#FIS
Any plays on $fis, big drop today -13%. Bad earnings !
Nope. Either or. 80% Max LTV including HELOC or just 65% of the appraised value max on HELOC alone. Sometimes can be extended depending on any programs rolled out by FIs. Subject to variation with regulations. Mine is Canada.
Nope. Either or. 80% Max LTV including HELOC or just 65% of the appraised value max on HELOC alone. Sometimes can be extended depending on any programs rolled out by FIs. Subject to variation with regulations. Mine is Canada.
AVERAGE EARNINGS MOVE | LAST MOVE | IMPLIED MOVE FROM ATM OPTIONS PRICING
2023-02-13 $ANET | Arista Networks: 8.79% | 3.8% | 7.32% $CDNS | Cadence Design Systems Inc: 5.39% | 3.95% | 5.29% $FE | FirstEnergy Corp: 4.2% | 4.03% | 4.04% $PLTR | Palantir Technologies Inc: 14.15% | 9.93% | 12.83%
2023-02-14 $TRU | TransUnion: 6.36% | 2.85% | 6.79% $ZTS | Zoetis Inc: 4.7% | 15.65% | 4.92% $ECL | Ecolab Inc: 3.65% | 10.55% | 4.87% $SU | Suncor Energy Inc: 4.57% | 5.22% | 5.58% $MAR | Marriott International Inc: 3.91% | 5.5% | 4.45% $KO | Coca Cola Company: 3.1% | 3.52% | 3.19% $EXC | Exelon Corporation: 3.15% | 3.76% | 4.23% $QSR | Restaurant Brands International Inc: 4.54% | 1.55% | 4.6% $ABNB | Airbnb Inc: 9.01% | 12.73% | 9.27% $CPRT | Copart Inc: 5.33% | 4.65% | 4.9%
2023-02-15 $INVH | Invitation Homes Inc: 3.43% | 4.94% | 5.21% $NTR | Nutrien Ltd: 6.82% | 16.51% | 5.16% $SGEN | Seagen Inc: 7.2% | 5.76% | 5.36% $SNPS | Synopsys Inc: 4.49% | 6.07% | 6.29% $ROKU | Roku Inc: 16.94% | 3.51% | 16.91% $RSG | Republic Services Inc: 3.28% | 5.0% | 3.51% $RNG | Ringcentral Inc: 8.97% | 38.04% | 15.51% $MLM | Martin Marietta Materials Inc: 6.11% | 4.49% | 5.48% $SHOP | Shopify Inc: 9.52% | 12.08% | 11.46% $TWLO | Twilio Inc: 13.01% | 40.02% | 18.99% $ZG | Zillow Group Inc: 11.38% | 13.54% | 10.7% $GNRC | Generac Holding Inc: 9.31% | 8.57% | 11.32% $ET | Energy Transfer LP: 5.05% | 3.15% | 4.08% $FIS | Fidelity National Information Services Inc: 5.17% | 28.59% | 8.92% $AIG | American International Group Inc: 4.78% | 0.88% | 4.27% $AWK | American Water Works: 2.33% | 2.35% | 3.76% $ADI | Analog Devices Inc: 3.83% | 6.09% | 6.1% $GOLD | Barrick Gold Corporation: 6.04% | 9.45% | 5.5% $BIIB | Biogen Inc: 6.55% | 7.27% | 5.16% $CSCO | Cisco Systems Inc: 6.05% | 1.94% | 6.38% $WAT | Waters Corp: 6.16% | 1.22% | 6.09% $RBLX | Roblox Corporation: 22.05% | 25.07% | 15.36% $TTD | The Trade Desk Inc: 18.19% | 24.35% | 14.78% $EQIX | Equinix Inc: 4.04% | 5.63% | 5.05% $MFC | Manulife Financial Corporation: 4.14% | 6.24% | 5.3%
2023-02-16 $XP | XP Inc: 12.3% | 12.8% | 10.6% $WST | West Pharmaceutical Services Inc: 6.56% | 11.45% | 7.33% $HUBS | HubSpot Inc: 9.73% | 15.08% | 11.71% $EPAM | EPAM Systems Inc: 7.47% | 6.7% | 9.03% $DASH | DoorDash Inc: 8.63% | 1.39% | 12.56% $DLR | Digital Realty Trust Inc: 4.41% | 3.6% | 4.71% $DDOG | Datadog Inc: 11.58% | 8.16% | 11.57% $ZBRA | Zebra Technologies Corp: 9.88% | 14.9% | 9.19% $ED | Consolidated Edison Inc: 2.51% | 0.88% | 2.94% $VMC | Vulcan Materials: 6.0% | 5.32% | 4.21% $SO | Southern Co: 2.4% | 3.23% | 3.47% $AMAT | Applied Materials Inc: 5.63% | 2.53% | 6.89% $LH | Laboratory Corporation of America Holdings: 4.99% | 11.16% | 6.14% $PPL | PPL Corporation: 2.72% | 2.14% | 3.67% $ETR | Entergy Corp: 2.69% | 4.36% | 3.38%
2023-02-17 $DE | Deere and Co: 5.65% | 7.57% | 5.57%
thanks for this. i did call one of the FIs (still waiting for call back on the other) and they do offer this! So now I'm confused and annoyed as to why my FA is not using it. It will be interesting to hear what they say, I'm assuming it's inconvenient for them on some level
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How you can land your dream job
So, I told you my story, and now let’s get to the nitty gritty.
I want other people to land awesome jobs too.
You can do it, and all it requires is using the method below.
Note that if you’re not in the tech/SaaS/start-up/marketing industry you can still use this method, but you’ll have to come up with different ways to find companies and their key contacts’ details.
Adapt it to your own needs, but always keep the personal approach, because that’s what makes the difference.
In addition to that, as a preliminary step, if you’re going to use LinkedIn, spend some time polishing your profile (you can find an infinite amount of guides online on best practices).
Step 1 – finding companies
1 - Grab a copy of the CRM Spreadsheet (docs.google.com/spreadsheets/d/112t7RLMKhv10kcWhey9uo0Qw0KnRrsyp49Pc4FcQLdA/edit?usp=sharing) so that you can streamline your prospecting.
2 - Go to Crunchbase and sign-up for a trial Starter account.
You’ll have 7 days to gather the information you need before your trial ends. Make sure to set a reminder to cancel it… CB isn’t cheap. Also note that you’re not going to be able to export CSVs during the trial, no matter which plan you choose, so take the cheapest plan available.
3 - Define the criteria of the companies you’re interested in working for. (i.e. size, location, industry…)
4 - Go to the Companies page (crunchbase.com/discover/organization.companies) and apply the criteria you defined in Crunchbase’s filters (i.imgur.com/Wk1Bevl.png).
Note that when you’re going to see how powerful Crunchbase’s search is, you’ll probably come up with more criteria, so don’t hesitate to elaborate and refine the list from the previous step. For more detailed searches you can use the Query Builder.
5 - Now you’ll have a bunch of companies. You want to go through the list and fish between 25-50 companies that got your attention. When finding a company that is interesting – tick the box next to it.
6 - Click the Save to List button and name your list something like Interesting Companies (i.imgur.com/6uXUc7f.png).
7 - After you have 25-50 companies, go to your saved list. You can find it in the top menu bar – Lists → Interesting Companies.
8 - Now, we want to customize the columns so that your Crunchbase view matches the columns of the Companies Sheet you copied at the beginning. Click on the Edit View button (i.imgur.com/TdbouO7.png) and make sure that only the following columns are selected (i.imgur.com/vSG6Fis.png):
a - Organization Name.
b - Description.
c - LinkedIn.
Note that column count and order matter, so if you change anything in Crunchbase you’ll have to make changes in the spreadsheet as well.
9 - Now you want to select and copy with your cursor all of the rows of the companies that appear in your Crunchbase list (i.imgur.com/8K0llcC.png).
10 - Go to the Preparation Sheet in your CRM Spreadsheet, and paste all the companies you’ve copied from Crunchbase in column A (i.imgur.com/r7z7RXC.png – reduced a few entries to make the spreadsheet cleaner). Make sure that you paste not just the textual values but hyperlinks too.
11 - Now go to the Companies sheet and you should get a formatted output that’ll make things easier for you (i.imgur.com/W1cp0xk.png).
12 - That’s it! Your company list is ready.
Step 2 – prospecting
1 - Sign-up for a platform that allows sending recorded videos – something like Vidyard or Loom, etc., and install the Chrome extension (personally I used Vidyard).
2 - Choose the first company in your spreadsheet and go on its LinkedIn page.
3 - Click on the See all Employees link at the top. Now you should get a list of all employees of that company that are on LinkedIn.
4 - Search for key people that you’d like to contact – this is completely up to you to decide. You may want to go after the CEO or the head of a specific department – choose everybody who you think can help you get the position you’re interested in.
5 - Send them a connection request with a note that says something like:
Hi {{ProspectName}}!
I've seen {{CompanyName}} and was really intrigued by what you do.
I'd love to chat with you about it.
{{YourName}}.
6 - When they connect with you, go to the person’s LinkedIn page, and record a video of you saying something along the lines of this video - share.vidyard.com/watch/Epv9ueJSXXnTTj8tupzQhe (yup, that’s the one that got me the job!).
7 - Then, copy the video link and wrap it in a message along these lines:
Thanks for connecting, {{ProspectName}}.
I recorded a special video for you! (and yes, it was recorded especially for you!)
{{VideoLink}}
8 - That’s it. Wait for a response. Rinse and repeat with every company and every person you find valuable to your goal. I assure you that the amount of responses is going to be insane.
Well, that’s it. Hope you enjoyed it!
Roi.
i worked at FIS for 15 years. They cut 3% of employees basically every year. We used to say it was like being in the hunger games. Making alliances and trying to outperform coworkers, but not get to far ahead because every now and then they purposely chop the top guys too.
They almost never paid bonuses or inflationary raises because there “wasn’t enough money in the budget this year” but we would read in the wsj later that they had enough for a 4 million dollar stock buy back. This is truly a wall street company run by wall street insiders.
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Do you know about the Aussie mortgage system? Do people typically refinance every 5 years? I imagine they’re ARM with balloon payments, yes? (Who can afford to pay off a house in full?) Or, does no one really carry debt there? How about mortgage origination fees, are they relatively affordable for re-fi’s? They’re quite a bit in the states, so you don’t do it unless you’re getting a pretty good rate.
Not just Algos, but even SoFis CEO said this morning, during they're earnings call, they expect Q4 2023 rate cuts down to 4%.... Why say that in your earnings call? I don't see the benefit
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You deleted the comment I replied to. It asked why TransUnion wouldn't just "buy ChexSystems" if they were any good.
The reason is that ChexSystems is part of FIS. FIS is larger than TransUnion, so TransUnion can't just "buy FIS".
Your original hypothosis, that there are 3 credit reporting agencies in the US, is completely incorrect.
>FIS, with a market cap of 44B.
WHAT?
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If Apple acquires Paypal, this makes Paypal a 2.3 Trillion Company?
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Your point is vague asf.
It's pretty clear you don't know. ChexSystems is part of FIS, with a market cap of 44B. TransUnion has a market cap of 14B. Who is the giant in this scenario? Because your comment makes it seem like you don't know.
Most FIs will only loan up to 80% of the cars value, needing you to come up with the other 20%.
20% of 41500 is $8300 - this is assuming what they are selling to you is exactly equal to the value on Kelley Blue Book(or whatever service the FI uses to compare). Sometimes the dealership is asking more than what it’s worth.
Your “down payment” is just making up that difference that the bank won’t take the risk for. Otherwise, your credit score is amazing and as long as you don’t have a ridiculous amount of credit cards and max them out, any FI should approve you if our DTI is good. You will get a much better rate at an FI as well - dealership financing is rarely better.
(Source: I’m a banker).
Did insurance assessments cause any FIs harm during the last financial crisis?
I was working at a CU then and remember the NCUA premium assessments, they didn't seem like a big deal.
https://ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/premium-assessments
Basically, as the NCUA insurance fund is being drained, member CUs are charged an assessment to restore it. It's basically self-insurance. Would assume the FDIC is similar.
So, you don't wake up one day and find the fund drained. The worse case situation would be drawing down the fund and then strangling member institutions with assessments. At least that's how I understand it.
> Microsoft Corp. said it was laying off 10,000 employees, becoming the latest tech titan to announce an additional round of cuts amid concerns about the health of the global economy.
> Chief Executive Satya Nadella said in a blog post to employees Wednesday that the layoffs would affect less than 5% of the company’s global workforce.
> Mr. Nadella pointed to the economic slowdown in his note, telling employees that companies globally had begun to “exercise caution as some parts of the world are in a recession and other parts are anticipating one.” He added that the company would be taking a $1.2 billion impairment charge in its soon-to-be-announced earnings related to severance costs.
> In his note to employees, Mr. Nadella didn’t specify which parts of the company would be hit by the cuts, though he said that the company would continue to hire in key strategic areas.
> Last year, Microsoft had more than one round of layoffs but didn’t announce how many positions it cut. One round, which started in July, affected less than 1% of the company’s total workforce of more than 200,000 people, the company said at the time.
> The tech sector had been on a yearslong hiring spree as companies invested in expansion and competed for talent by offering lucrative pay packages. As Covid-19 set in, the pace of hiring accelerated as the companies rode a wave of supercharged demand.
> Microsoft was among the tech companies that ramped up hiring in recent years. The company reported 221,000 employees at the end of its fiscal year through June. That was up 22% from the previous year.
> Some tech companies have in recent months pivoted to slashing thousands of positions as the business climate has deteriorated on the back of economic slowdown concerns, high inflation rates, rising interest rates and other factors.
> Tech employers cut more than 150,000 jobs in 2022, estimates Layoffs.fyi, a website that tracks the events as they surface in media reports and company releases.
> Amazon.com Inc. announced that it was laying off 18,000 people. This month, business software provider Salesforce Inc. said it planned to lay off 8,000 employees, or 10% of its global workforce—the biggest head count reduction in the company’s history.
> On Tuesday Unity Software Inc. said was laying off 284 employees. The provider of tools for creating videogames and other applications had earlier announced layoffs in June when it cut around 225 jobs.
> Microsoft’s move comes the week before it is scheduled to announce its latest quarterly earnings. Late last year, the Redmond, Wash., company said a sharp decline in personal computer sales and the dollar’s strength were weighing on expansion. In the three months through September, its revenue grew 11% from a year earlier, its weakest increase in more than five years.
> The issue of declining PC sales that has been squeezing Microsoft’s Windows business looks to be around for some time. Worldwide shipments were down 29% in the fourth quarter last year compared with the previous year, according to preliminary data from research firm Gartner Inc. Analysts don’t expect that trend to improve until 2024.
> Microsoft shares have slipped 23% over the past 12 months, broadly in line with the tech-heavy Nasdaq Composite Index which fell 26%. Microsoft has fared better than many of the consumer-facing tech leaders. Meta Platforms Inc. is down close to 60% and Alphabet Inc. has lost around 35% in the past year. Amazon shares have fallen around 40%.
> The lion’s share of Microsoft’s business is selling software and cloud services to corporations. That enterprise business hasn’t so far been as hit as hard as the businesses which depend on e-commerce and selling advertising.
Most panicking people are financial agents of big FIs . A little bit negative news and fingers on SELL buttons LoL
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Ignoring ETFs my top 5 are INTC (still buying every month), HPE (bought a load at $9-11 range, might be a bit too expensive now), GD (bought a load before the war, definitely too expensive right now), KKR (got in at 2020, might be too expensive now) and Relx (UK company listed in London, also very expensive right now).
My top holdings are definitely the ones I like but they are also the ones that got quite expensive now so in most cases they are on hold or I contribute to them only minimally. On the other hand I always maintain a watchlist of companies that I do like which I think are undervalued at the moment and I contribute to those more aggressively. So I kind of try to buy what's cheap whenever I get paid, but on the other hand I don't sell what has got expensive. I just kind of keep it on hold / at minimum contributions until it gets cheap again.
The things that I think might be cheap now are INTC, TROW is worth a look although it probably has more downside. Solid, profitable company tho. Been buying a lot of Comcast, it has bounced back from the lows but I think it's still very good value. I'm not the biggest fan of Cisco for various reasons but it is very profitable company with very healthy balance sheet. At this price I'm buying monthly. Oracle is definitely not at its lows anymore but I think it still is cheap and has upside left. I think Oracle could be perfect IBM. BX is not too cheap but there was recently that scandal about nothing basically but price went down because of it. I think BX got unfairly punished so I'm buying.
I also have a list of equities that are cheap for a good reason. They are quite specualive tho so I'm not buying too much and expect half of those to probably blow up but they are not terrible but very cheap companies right now (again cheap for a good reason). Those include: MMM, VFC, Adidas, SWK, FIS, VNT, VRT.
>Metavante(Fis) Customer service is being unhelpful even though I have all necessary paperwork and documentation of probate appointment. Anyone have any idea what this could be or what I should do?
Having dealt with two probate processes in my family within a year of each other, I feel your pain.
However, an alternate perspective for you to perhaps consider from Metavante's vantage point is that your probate appointment doesn't give you 'carte blanche' to snoop through the account holder's financial affairs over the previous two years. They are still on the hook for the privacy of what your father may have done with his financial affairs prior to his death. Importantly, your paperwork covers only from the date of death to the end of the probate process.
As the personal representative, you're free to open an estate account to collect any funds for the deceased. Open this separate account and try to deposit the checks. Given a few weeks' time either they will be cleared or kicked back as invalid. Then you'll know. Also, check his state's Unclaimed Property website to see if your father has anything that has been escheated from the firm that matches the checks.
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>I did consult with a financial advisor and they explicitly stated NOT to pay off my home and instead to reinvest, which doesn't seem like my best option.
In the immediate term, I'm siding with the financial advisor. My guidance is to not make any big decisions for at least one full year after something like this happens. This is a time to grieve, deal with frustrations and delays in settling the estate, putting a 10-year investment & tax plan into place, etc.
Here’s what we did 11 years ago during divorce (not amicable) …
•get appraisal close to day of separation as possible and the equity is split 50/50 .. we each got our own appraisal and his high balled the hell out of it .. judge chose mine
•whomever wants the house re-fi’s under their name only and pays off other party .. yeah it sucks to walk away from a good interest rate .. I re-fi’d at 4% 11 yrs ago .. the other offer from judge was that I had 8 years at 8.5% to pay him his 50% as that was when our youngest would be 18 .. refi was no brainer
•whomever does not want house does a quit deed with county auditor’s office as that removes person from any property liability (not same as mortgage)
I finished raising my kids in the family home and will never regret that. Over the years I’ve replaced everything and made it my own. It’s way too big for me but I downsized inside once all the kids moved out. Once grandkids come along, I’ll open it back up.
I’m really glad I kept the home yet I know I’m very attached to it because of the kids and also because I really love it. It was tough for awhile trying to care for it all, pay taxes and mortgage and upkeep on a single salary. But I’m about 5 years away from retiring and it all worked out in the end.
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If this isn’t in a Roth, you should dump O, I wouldn’t hold a REIT outside of one if I could help it, otherwise hard to go wrong there, though you may see better prices soon. If you haven’t started a Roth, do that and max it before you do anything else. Personally, I wouldn’t be holding TGT in this market, wouldn’t hold SQ (I think there are more attractively priced names in fintech, like PYPL or FIS). Otherwise, you’re basically in the top names at the tops of the indexes, I’d think you’d be better off just putting your money in VTI or VOO and not monkey about, maybe allocate 10% to individual stocks. It’s like, what alpha are you going to generate over the broader marker with a portfolio like this, meanwhile, you take a lot of downside risk (less now than a year ago), but as a self proclaimed beginner, are you going to stomach a 50% drop in one of these names? It can happen. Be honest with your self, not trying to discourage you, just food for thought! Good luck, you’re ahead of the game being in the market at all!
Sure. 30 year mortgages are WAY more common than 15 year mortgages, especially for first time home buyers. Most 15s are either re-fis or homeowners with a huge down payment from rolling over prior home equity gains.
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I commonly do this especially since I do a lot of interface and entry mode testing. To my knowledge there isn't a card, FI, or option to auto lock/enable through mobile app. The closest option is a PIN preferring card....which isn't much since for certain retailers it can be bypassed.
It is doubtful you will find one or if you do it might be short lived. The card brands do not like putting up products or allowing FIs to enable products that possibly hinder spend/interchange.
Start off with making you enquiry look professional - logos, emails not coming from an @gmail.con account, etc
Check their website to see if there is a new account application form - if there is, fill it out.
Then phrase your question correctly:
Good morning X,
Can you please provide for product Y
- MOQ
- price, including pricing bands if applicable
- lead time
- shipping terms (FIS, FOB, etc)
Additionally, can you please arrange for one of your reps to contact me to discuss
Regard Z
That should work fine.
