&l;p&g;&l;img class=&q;dam-image shutterstock size-large wp-image-1064418500&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/1064418500/960×0.jpg?fit=scale&q; data-height=&q;540&q; data-width=&q;960&q;&g; Shutterstock
Here is the best financial lesson I can offer: there are two sides to the interest rate &a;ndash; the getting side and the paying side. You want to be on the getting side.
How do you do this? Pay off your mortgage as soon as you can, and definitely pay it off before you retire. And don&a;rsquo;t buy a home if you can&a;rsquo;t afford to pay it off between five to 10 years.
Unfortunately, that&a;rsquo;s not the norm. Thanks to the commonplace position of the 30-year mortgage, it is more popular despite the lower costs of shorter-term loans. The 30-year mortgage was originated during the &l;a href=&q;https://repository.upenn.edu/cgi/viewcontent.cgi?article=1000&a;amp;context=penniur_papers&q; target=&q;_blank&q;&g;Great Depression&l;/a&g; to help borrowers lower their monthly payments and avoid foreclosure. But now, Americans are more indebted to banks for mortgages than &l;a href=&q;https://cbaweb.sdsu.edu/assets/files/research/Lea/10122_Research_RIHA_Lea_Report.pdf&q; target=&q;_blank&q;&g;homeowners&l;/a&g; in other advanced market economies. In exchange, those paying longer obligate themselves to pay more than double over the lifetime of the debt.
Hot Financial Stocks To Invest In 2018: SL Green Realty Corporation(SLG)
- [By Nelson Hem]
“Manhattan on Sale? That’s the Case With Two Cheap REITS” by Andrew Bary discusses whether Manhattan-focused real estate investment trusts Vornado Realty Trust (NYSE: VNO) and SL Green Realty Corp (NYSE: SLG) could rally as the New York market firms. Both trade at a discount to the value of private-market property deals, says the article.
Hot Financial Stocks To Invest In 2018: Barclays PLC(BCS)
- [By Jon C. Ogg]
Barclays PLC (NYSE: BCS) was raised to Overweight from Equal Weight at Morgan Stanley. Its American depositary sharesclosed up 2.6% at $11.36 on Thursday and were indicated up 1.2% at $11.50 on Friday. The52-week range is $6.76 to $12.05.
- [By WWW.THESTREET.COM]
Banco Santander (SAN) : “I prefer Barclays (BCS) , but let’s wait and see what the other banks have to say”
ProLogis (PLD) : “I am not a fan of that group right now, but that one is best of breed.”
- [By Garrett Baldwin]
Investors are becoming increasingly bullish about BTC, as financial institutions like Barclays Plc. (NYSE: BCS) become more interested in entering the cryptocurrency market.
- [By Garrett Baldwin]
Some of this sentiment has been fueled by optimism that UK investment bank Barclays Plc. (NYSE: BCS) is looking to open a cryptocurrency trading desk in the months ahead.
Hot Financial Stocks To Invest In 2018: Deutsche Bank AG(DB)
- [By ]
Here’s everything you must know before Thursday’s opening bell:
Facebook (FB) posted first-quarter earnings and revenue that beat analysts’ expectations. Ford (F) plans to shed most of its North American car lineup as customer preference has shifted to pickups and crossovers. Deutsche Bank (DB) said it was planning “significant” job cuts for its global investment banking division. Investors will analyze earnings from Amazon (AMZN) and Microsoft (MSFT) . U.S. stock futures pointed toward a modestly higher open.
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- [By Lisa Levin]
Check out these big penny stock gainers and losers
Changyou.com Limited (NASDAQ: CYOU) fell 27.5 percent to $21.35 in pre-market trading.
Flex Ltd. (NASDAQ: FLEX) fell 19.7 percent to $13.36 in pre-market trading after a mixed fourth quarter report.
Tandem Diabetes Care, Inc. (NASDAQ: TNDM) shares fell 10.5 percent to $7.15 in pre-market trading following mixed Q1 results.
Eleven Biotherapeutics, Inc. (NASDAQ: EBIO) fell 8.1 percent to $2.16 in pre-market trading.
LogMeIn Inc (NASDAQ: LOGM) fell 8 percent to $110.05 in pre-market trading. LogMeIn reported upbeat earnings for its first quarter, but issued weak second quarter and FY18 earning guidance.
United States Steel Corporation (NYSE: X) fell 6.2 percent to $35.36 in pre-market trading following Q1 results.
Deutsche Bank Aktiengesellschaft (NYSE: DB) fell 5 percent to $13.63 in pre-market trading.
Sony Corporation (NYSE: SNE) shares fell 4.3 percent to $48.00 in pre-market trading after reporting Q4 results.
Colgate-Palmolive Company (NYSE: CL) shares fell 4 percent to $64.00 in pre-market trading. Colgate-Palmolive posted upbeat Q1 earnings, while sales missed estimates
- [By ]
Deutsche Bank AG (DB) announced plans in its Thursday morning earnings report to cut a “significant” number of jobs in its global investment banking division. DB reported net income falling to 120 million euros, down 79% from the same period last year and well below the FactSet analyst forecast of 377 million euros. The bank’s core tier one capital ratio, a measure of the cash it can set aside to cover potential losses, slipped 60 basis points from the end of last year to 13.4%.
- [By Diane Alter]
The New York Times first reported that Frontier Airlines is prepping for an initial public offering. The Denver, Colo.-based low-cost carrier has hired Deutsch Bank (NYSE: DB), JPMorgan Chase & Co. (NYSE: JPM), and Evercore Partners Inc. (NYSE: EVR) to handle the IPO. The airline started the process late last year when it approached a number of bankers.
Hot Financial Stocks To Invest In 2018: Magyar Bancorp Inc.(MGYR)
- [By Ethan Ryder]
Media headlines about Magyar Bancorp (NASDAQ:MGYR) have been trending somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Magyar Bancorp earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 48.0770691063571 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.