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Stock Market Analysis and Personal Finance Stock Market Analysis and Personal Finance

Stock Market Analysis and Personal Finance - PowerPoint Presentation

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Stock Market Analysis and Personal Finance - PPT Presentation

Mr Bernstein Sources of Consumer Credit pp 154161 March 12 2013 Stock Market Analysis amp Personal Finance Mr Bernstein Sources of Consumer Credit Commercial Banks ID: 622097

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Slide1

Stock Market Analysis and Personal Finance

Mr. Bernstein

Sources of Consumer Credit,

pp

154-161

March

12,

2013Slide2

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Sources of Consumer CreditCommercial BanksConsumer Finance CompaniesCredit UnionsSavings and Loans (“Thrifts”)Life Insurance Companies

2Slide3

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Sources of Consumer CreditCommercial Banks Personal Loans Auto Loans or other Collaterialized Loans

Credit Cards

Consumer Finance Companies

Credit Unions

Savings and Loans (“Thrifts”)Life Insurance Companies

3Slide4

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Sources of Consumer CreditCommercial BanksConsumer Finance Companies Little Credit History Needed Will Loan up to 100% of purchase value

Quick Approval

Often Expensive

Credit UnionsSavings and Loans (“Thrifts”)Life Insurance Companies

4Slide5

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Sources of Consumer CreditCommercial BanksConsumer Finance CompaniesCredit Unions Members Only

Payroll Deduction Plans possible

Non-profit

Savings and Loans (“Thrifts”)

Life Insurance Companies5Slide6

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Sources of Consumer CreditCommercial BanksConsumer Finance CompaniesCredit UnionsSavings and Loans (“Thrifts”) Home Improvement

Second Mortgage Loans (Home Equity Loans)

At one time were considered local Real Estate experts

Life Insurance Companies6Slide7

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Sources of Consumer CreditCommercial BanksConsumer Finance CompaniesCredit UnionsSavings and Loans (“Thrifts”)Life Insurance Companies

Borrow against cash value of policy

Balance outstanding deducted from death benefits

7Slide8

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Credit Cards“Collateralized Credit Card” builds credit ratingWatch the “gotchas”: Grace period for late payment without finance fee Annual fee can be $50-$500

Transaction fees

Know how payments can be made without delays

High interest rates are common…so…Plan to pay your credit card balance every month

8Slide9

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Types of Personal Banking Financial ServicesChecking AccountsSavings AccountsCDsDebit CardsCredit CardsDirect Deposit

Overdraft ProtectionBill Paying

ATMs

9Slide10

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Other Financial Services offered by Banks*Personal and Auto LoansHome Mortgages and Home Equity Loans*Investment and Retirement Products*Home, Life and Auto Insurance*

*These products and services are typically offered by another d

ivision of the bank or even an outside partner. Your local

branch office is essentially acting as a sales conduit,

making a helpful introduction to another entity.10Slide11

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Why do banksoffer otherServices?11Slide12

Stock Market Analysis

& Personal Finance

Mr. Bernstein

CD rates,1965-present12Slide13

Stock Market Analysis

& Personal Finance

Mr. Bernstein

CD rates,1965-present13Slide14

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Fed FundsRate1952-present14Slide15

Stock Market Analysis

& Personal Finance

Mr. Bernstein

Interest Rates for SaversWhy are rates currently so low?Is it reasonable to assume rates likely to remain low throughout your lifetime?What is the relationship between inflation and interest rates?15