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Helpful Tips on Recovering From Being Scammed
https://www.sofi.com/learn/content/how-to-recover-from-being-scammed/
You might associate scams with far-fetched ruses about foreign “princes” or emails, full of misspellings, that claim to be from your bank. And you might think you would never fall for those ploys. Scams, however, have grown more convincing over time, as evidenced by a growing amount of consumer dollars lost to fraud each year. […]
Bank Account Application Denied? What It Means to Be ‘Blacklisted’ and What to Do
https://www.sofi.com/learn/content/how-to-get-a-bank-account-after-being-blacklisted/
It may seem as if having a bank account is a given in life, but actually, it’s not: Some people get rejected and have to work hard (really hard) to attain that privilege. There’s a situation called being blacklisted by banks, and it’s a tough one to overcome. Granted, for many, having enough money for […]
A Beginner’s Guide to Investing in CDs
https://www.sofi.com/learn/content/how-to-invest-in-cds/
A certificate of deposit (or CD) has many of the same low-risk benefits as a savings account, but a CD holds your money for a fixed time period in exchange for a higher rate of interest than the standard savings account. You may be familiar with CDs as part of your savings strategy (say, keeping […]
What Is a Treasury Security? Treasury Bonds, Bills, and Notes
https://www.sofi.com/learn/content/treasury-security-bonds-bills-notes/
Treasury securities are like the rock-solid foundation of the financial world. In essence, they are IOUs that the U.S. government offers to investors in order to borrow money. There are various types, each with unique characteristics, including Treasury bonds, bills, and notes. Since they are seen as extremely safe investments, those seeking financial stability frequently […]
Intrinsic Value and Time Value of Options, Explained
https://www.sofi.com/learn/content/intrinsic-value-time-value-options/
Intrinsic value and time value are two major determining factors of the value of an options contract. An option’s intrinsic value is the payoff the buyer would receive if they exercised the option right away. In other words, the intrinsic value is how profitable the option would be, based on the difference between the contract’s […]