account balance – Medielys http://medielys.com/ Thu, 10 Feb 2022 08:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://medielys.com/wp-content/uploads/2021/08/favicon-2-150x150.png account balance – Medielys http://medielys.com/ 32 32 How to Check SBI Account Balance Using App, Website and Other Methods https://medielys.com/2022/02/10/how-to-check-sbi-account-balance-using-app-website-and-other-methods/ Thu, 10 Feb 2022 08:00:00 +0000 https://medielys.com/2022/02/10/how-to-check-sbi-account-balance-using-app-website-and-other-methods/ The State Bank of India is the largest public sector bank in the country. With the push towards digitalization, SBI has opened portals to a wide variety of services for its clients. Now, SBI customers can perform several banking-related tasks while sitting at home. Initially supported by website and phone services, this particular benefit now […]]]>

The State Bank of India is the largest public sector bank in the country. With the push towards digitalization, SBI has opened portals to a wide variety of services for its clients. Now, SBI customers can perform several banking-related tasks while sitting at home. Initially supported by website and phone services, this particular benefit now reflects the contribution of SBI’s application, YONO (You Only Need One).

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Although the bank has taken care of almost all major banking related tasks, sometimes the simplest activity may require assistance. For example, checking your account balance. While there is the conventional way of withdrawing money from the bank and finding out the current balance, there are a plethora of other ways as well. Here is how you can check your SBI account balance in simple steps using many easy methods.

By text message : All you have to do is text ‘BAL’ to 09223766666 from your registered phone number. If your number is not yet registered with SBI, text ‘REGAccount Number’ to 09223488888.

Missed call: You can use your registered phone number to make a missed call and check your balance. Just give a missed call to 09223766666. If this number does not work, try the other number – 09223866666 – and the bank will provide you with a mini statement of required account balance details.

USSD number: A USSD (Unstructured Supplementary Service Data) number can also tell you your current SBI account balance. First, register by texting “MBSREG” to 567676 or 0922344000. Once you have received your User ID and MPIN in response to the message. Now dial *595# and select the option to request your balance after entering your user ID. Once chosen, enter the MPIN, and you will know your balance.

Website and app: Using the website or app is one of the easiest ways to check your account balance. If you are trying through the website, open the portal and check the balance after entering your credentials on the website.

For the YONO app, open the app and you can locate the balance inquiry section, which will show you your current balance.

Using an ATM: Finally, the conventional way to check your balance is to use the ATM. Insert your debit card into the slot, enter your 4-digit PIN and you can check your balance.

Read all the latest news, breaking news and updates on coronavirus here.

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The average savings account balance in the United States https://medielys.com/2022/02/08/the-average-savings-account-balance-in-the-united-states/ Tue, 08 Feb 2022 08:00:00 +0000 https://medielys.com/2022/02/08/the-average-savings-account-balance-in-the-united-states/ According to an analysis of federal data, many bank accounts hold far less cash than US consumers would need to cover even a few months without income. The median transaction account balance is $5,300, according to the Federal Reserve’s Survey of Consumer Finances (FCS), most recently conducted in 2019. Transaction accounts include savings, checking, , […]]]>

According to an analysis of federal data, many bank accounts hold far less cash than US consumers would need to cover even a few months without income.

The median transaction account balance is $5,300, according to the Federal Reserve’s Survey of Consumer Finances (FCS), most recently conducted in 2019. Transaction accounts include savings, checking, , money market and call, as well as prepaid debit cards.

Singles and young adults tend to have fewer, according to inflation-adjusted Federal Reserve data.

Key Savings Statistics

The majority of US households – 98% – have a transaction account, such as a savings account, according to the latest data from the SCF. Those who have both a savings account and a checking account can choose to automatically transfer money from one to the other to bolster their savings.

A well-funded savings account can be useful in an emergency, providing the necessary funds to cover unexpected expenses that might otherwise require borrowing. Currently, however, less than half of U.S. households — about 4 in 10 — are able to cover an unexpected $1,000 expense like a car repair or a medical bill, according to a recent Bankrate survey.

How much does an average household save?

While the median bank account balance is $5,300, according to the latest CFS data, the average — or mean — balance is actually much higher, at $41,600. The median balance can give a clearer picture of the amount saved by most US households, as the average figure can be significantly skewed by a small number of outliers with high account balances.

Average US Savings Account Balance
Median bank account balance Average bank account balance
$5,300 $41,600

Average savings by age

Households with older people tend to have higher account balances – up to about three times higher – than younger households. One exception is households with people aged 45 to 54, which had higher median balances than those with members aged 55 to 63.

Age Median bank account balance Average bank account balance
$3,240 $11,250
35-44 $4,710 $27,910
45-54 $6,400 $48,200
55-64 $5,620 $57,670
65-74 $8,000 $60,410
>74 $9,300 $55,320

Average savings by education level

Education level is one of the factors that correlates with bank account balance, based on data from the SCF, which indicates that median and average balances fluctuate depending on an individual’s level of education. The largest median balance jump is from those with a college education ($3,900) to those with a bachelor’s degree ($15,400).

Education Median bank account balance Average bank account balance
No high school diploma $1,020 $9,190
Baccalaureate $2,500 $20,100
Some college $3,900 $23,550
Licence $15,400 $78,890

Average savings by income

Like age and level of education, the amount of income is globally correlated to the amount of savings an individual has.

Income Median bank account balance Average bank account balance
$810 $8,400
$20,000 to $39,999 $2,050 $11,260
$40,000 to $59,999 $4,320 $16,390
$60,000 to $79,999 $10,000 $28,680
$80,000 to $89,999 $20,000 $51,840
$90,000 to $100,000 $70,000 $229,030

The median account balance for most income groups has gradually increased since the 2013 SCF study. The study is conducted every three years.

Average savings by race and ethnicity

With respect to race, people classified as non-Hispanic white and an “other” category had significantly higher median and average account balances than those in the Hispanic and African American categories – reflecting a racial wealth gap, as White families hold eight times the wealth of the typical black family and five times the wealth of the typical Hispanic family.

Race/Ethnicity Median bank account balance Average bank account balance
White $8,200 $51,510
Black $1,510 $13,270
latin $1,950 $11,860
Other $5,000 $43,890

How much of our money should be spent on savings?

Many advisers recommend that workers keep 20% of their earnings spread across accounts such as certificates of deposit (CDs), money market accounts, savings accounts, and other places where the money can be safe. and fruitful.

How much someone should put away depends on what they’re spending, says Greg McBride, CFA, chief financial analyst for Bankrate.com.

“The final destination should be enough to cover six months’ expenses, maybe nine to 12 months for sole breadwinners or self-employed,” McBride says.

The best way to determine your monthly expenses is to create a budget that lists the amount of money that comes in each month and subtracts it from expense categories such as housing, transportation, groceries, entertainment, and card bills. credit.

The average consumer had about $14,094 in after-expense income in 2020, according to a recent consumer spending survey released by the U.S. Bureau of Labor Statistics. Data shows the average person shelled out $5,854 per month, which means for six months of spending, they should save at least $35,124, according to McBride’s recommendation.

The bottom line

Even with the challenges of inflation and the ongoing COVID-19 pandemic, it’s possible to have money in the bank to cover emergencies when you have a budget and are in control of your spending.

To get the most out of your savings, it pays to shop around for the best high-yield savings account. For help with budgeting and saving money, check out Bankrate’s Home Budget Calculator and Savings Goal Calculator.

Learn more:

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Conversational banking is more than “What’s my account balance?” “ https://medielys.com/2022/01/11/conversational-banking-is-more-than-whats-my-account-balance/ Tue, 11 Jan 2022 11:45:41 +0000 https://medielys.com/2022/01/11/conversational-banking-is-more-than-whats-my-account-balance/ Whether it’s convening a ride to your exact location or same-day delivery to your door, one of the primary goals of technology today is convenience. And the innovators are coming for your keyboard. In the near future, voice control will replace tapping, clicking, and scrolling. Rather than just asking a question and hearing an answer, […]]]>

Whether it’s convening a ride to your exact location or same-day delivery to your door, one of the primary goals of technology today is convenience. And the innovators are coming for your keyboard.

In the near future, voice control will replace tapping, clicking, and scrolling. Rather than just asking a question and hearing an answer, digital assistants roll up their virtual sleeves and get to work for their users, from payment to paper distribution. In the context of personal banking, this conversational engagement will allow bank customers and members of credit unions to derive more value from their relationships with their financial institutions.

The opportunity with conversational banking is not to be able to ask: “What is my account balance?” “Sitting around a table or” Where is the nearest branch? »From your smartphone equipped with navigation. It’s being able to ask your virtual personal assistant to compile a report of your 10 most recent transactions and send it to you by SMS, to determine if you received your deposit of the child tax credit in November, to schedule a bill payment on its due date as you enter the airport, or to transfer $ 100 to your student’s account while you drive to dinner. In fact, recent research has found that over 41% of consumers are more likely to do business with a company that allows them to use voice commands to manage their money or payments.

US consumers are ready to take the leap to voice banking. In 2020, NPR and Edison Research reported that 63% of American adults use voice-activated personal assistants. They talk to their Apple TVs to watch The Blacklist and to their Amazon Alexa devices to order groceries that meet their dietary needs. These changing spending habits in the non-financial aspects of day-to-day life are paving the way for voice technology to take hold in personal finance.

The beauty of conversational banking is not in black and white; it is the rainbow of personalized results that meet the unique needs of the user. From a financial perspective, this ranges from personalized recommendations for financial products to personal financial management (PFM) tools that allow the client or member to analyze their spending and saving habits and habits from a number of different angles, no spreadsheet needed.

In February 2021, Bank of America reported that there were 17 million users of its virtual assistant Erica, a 67% increase since 2019. Clearly there is demand, and the good news is that conversational voice banking. based on AI is now available to everyone. financial institutions of all sizes.

Banks and credit unions that now offer conversational banking are ensuring that they are not left behind for the foreseeable future. The giants of Silicon Valley are laying the groundwork for our everyday reality to be voice-driven by creating voice-activated cloud computing software in almost every new gadget, vehicle, and building. Technology will soon go far beyond interacting with your financial accounts on a one-to-one basis. Your personal virtual assistant will make it easier for you to pay, subscribe, buy, reserve and more – to complete almost any transaction that requires your payment information.

As smart speaker adoption now exceeds 90 million users at 35% of the adult US population, according to Voicebot’s 2021 US Smart Speaker Adoption Report, the story of conversational banking isn’t that devices are getting more and more popular. The real story is with the software platform behind these interfaces. Artificial intelligence enables an unprecedented level of personalization and – you guessed it – convenience.

It’s time for financial institutions of all sizes to rethink the value of customers and members being able to bank with the help of Siri on their smartphones or Alexa in their living rooms. Not only does conversational voice banking allow users to type on the keypad, it can also open up a whole new world of capabilities. “What is my account balance? Is just the start.

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Here’s how to check your bank account balance on WhatsApp https://medielys.com/2021/12/30/heres-how-to-check-your-bank-account-balance-on-whatsapp/ Thu, 30 Dec 2021 08:00:00 +0000 https://medielys.com/2021/12/30/heres-how-to-check-your-bank-account-balance-on-whatsapp/ Instant messaging app WhatsApp, owned by Meta, now allows users to check their bank account balance using WhatsApp payments services, which was launched in November 2020 in India and rolled out to more users. in 2021. WhatsApp payments service allows users to perform financial transactions. transactions such as sending money and checking bank account balance. […]]]>

Instant messaging app WhatsApp, owned by Meta, now allows users to check their bank account balance using WhatsApp payments services, which was launched in November 2020 in India and rolled out to more users. in 2021. WhatsApp payments service allows users to perform financial transactions. transactions such as sending money and checking bank account balance.

For those who don’t know, you can find the payment service option by clicking on the 3 dots in the top right corner of the app and selecting the Paymets option.

Next, if you want to perform a UPI transaction, you need to enable bank-to-bank currency transactions. NPCI (Nationwide Payments Corporation of India) has developed UPI (Unified Payment Interface), a national payment system supported by most major Indian banks. In accordance with UPI guidelines issued by the NPCI, WhatsApp does not store or remember a user’s UPI PIN for payment service.

WhatsApp Payments offers two types of ways to verify bank account details – one through settings and the other when sending money. However, note that your WhatsApp phone number must be linked to your bank account. The bank account number must be added to the payment method to check the account balance via WhatsApp.

This is how users can check account balance through WhatsApp.

How to check account balance on WhatsApp Payments.

  1. Open the WhatsApp app.
  2. Go to the Payments option on your mobile app.
  3. Select your preferred payment method.
  4. Tap the View Account Balance option.
  5. Select the particular bank account if you have multiple bank accounts linked to your WhatsApp account.
  6. Verification by entering the UPI PIN code.
  7. Check account balance displayed on mobile.

How to check bank account balance when sending money on WhatsApp Payments

Users can check their account balance while sending money to another account in this way.

  • Go to payment notification on your WhatsApp mobile app.
  • Tap your preferred payment method.
  • Tap on the “View Account Balance” option.
  • Select the relevant bank account from your list of linked bank accounts.
  • Enter your UPI PIN to verify.
  • Check account balance displayed on mobile.

Note that users should ensure that they are using the latest version of WhatsApp to use payments.

Also Read: WhatsApp Tips and Tricks: How to Bookmark an Important Message

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How often should you check your bank account balance? https://medielys.com/2021/12/25/how-often-should-you-check-your-bank-account-balance/ Sat, 25 Dec 2021 14:00:18 +0000 https://medielys.com/2021/12/25/how-often-should-you-check-your-bank-account-balance/ [ad_1] Image source: Getty Images Some people check their bank account balances multiple times a day, while others can easily go most of the year without even logging into their account. If you’re wondering how often you should check your bank account balance, the answer falls somewhere in between. In fact, it’s a good idea […]]]>


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Image source: Getty Images

Some people check their bank account balances multiple times a day, while others can easily go most of the year without even logging into their account. If you’re wondering how often you should check your bank account balance, the answer falls somewhere in between.

In fact, it’s a good idea to review your current account balance quite often, as this is the account you are most likely using to pay your bills. But you may not need to review your savings account also often balances.

Keep an eye on your checking account

Your checking account is where you should keep the money you need to pay your bills, whether they are essential or not. You can pay these bills as debit card transactions, physical checks, electronic checks, or wire transfers from your bank account. You could also have your checking account linked to a service like Venmo. And, you can withdraw money from your checking account at ATMs when you cannot pay by debit card, credit card or application.

Since your checking account is a source of cash that you use so frequently, it’s important to know what your balance looks like at all times. This doesn’t mean that you have to check your balance every time you make a transaction. But it’s a good idea to check your balance every few days. If you are going through a time when you are spending more money than usual, you may want to increase this frequency and check your account balance daily.

Why this need? You might think you have $ 200 left in your checking account at some point with your next paycheck in three days. In that case, you could afford to spend that $ 200 knowing that you don’t have to pay any bills until your paycheck arrives.

But what if you really only have $ 150 in your checking account? In this case, your bank may authorize this transaction to be carried out. But then you could be hit by an expensive overdraft fees. You can avoid this by knowing what your balance looks like.

Also, as a general rule, you don’t want your checking account balance to be too low. Keeping regular track of it is a good bet.

Monitoring your savings account

If your savings account is money that you rarely or never touch, then there is no need to check your balance so often. Granted, if you forget what your balance looks like, you can always log in and check. Likewise, if you need to withdraw savings, it’s a good idea to see how much money you have left.

But generally speaking, most people don’t pay their bills with their savings. And if you are in the same boat, then there is no need to check this balance often. Of course, you could see this balance increase over time as a result of accrued interest. But given the current position of interest rates, you are unlikely to see significant movement week to week or even month to month.

Know what your financial situation looks like

Regardless of your age, income, or goals, it’s a good idea to get a feel for the state of your finances. It means knowing how much money you have not only in the bank, but in your brokerage account and retirement plan, too. Having these numbers could guide you to wise decisions that only help your financial situation improve.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Poland: 12-Month Current Account Balance Shows Monthly Deficit for First Time in Two Years | Break https://medielys.com/2021/12/14/poland-12-month-current-account-balance-shows-monthly-deficit-for-first-time-in-two-years-break/ Tue, 14 Dec 2021 08:00:00 +0000 https://medielys.com/2021/12/14/poland-12-month-current-account-balance-shows-monthly-deficit-for-first-time-in-two-years-break/ The current account deficit in October amounted to €1.7bn, well above the consensus (€1.2bn) and our forecasts (€0.9bn). This result is the result of a trade deficit of 0.8 billion euros, a large surplus in services (1.7 billion euros), a large deficit in the flow of primary income (2.3 billion euros) and a secondary income […]]]>

The current account deficit in October amounted to €1.7bn, well above the consensus (€1.2bn) and our forecasts (€0.9bn). This result is the result of a trade deficit of 0.8 billion euros, a large surplus in services (1.7 billion euros), a large deficit in the flow of primary income (2.3 billion euros) and a secondary income deficit of 0.3 billion euros. The difference between the growth rates of merchandise imports (20.4% year-on-year) and exports (6.6%) fell from 9.2 pp in September to 13.8 pp in October.

Import bills continue to rise sharply due to a recovery in domestic demand and record energy prices. Export opportunities are limited by disruptions in global supply chains, which particularly affect Germany, the destination of nearly 30% of Polish exports.

According to the commentary of the National Bank of Poland, the dynamics of imports were stimulated by the high price of fuels, including natural gas, oil and petroleum refining products. Imported processed goods also grew rapidly, especially metals and chemicals. Semiconductor shortages have had a negative impact on the automotive sector. The NBP pointed out that – on the export side – a decline was recorded in all types of road vehicles and auto parts. Since the automobile industry’s share is greater in Polish exports than in imports, the crisis has led to a deterioration in the trade balance of this sector.

Cumulatively over 12 months, we estimate that the current account balance moved from a surplus of 0.4% of GDP in September to a deficit of 0.2% of GDP, while the trade balance deteriorated in accordingly, dropping from 1.4% of GDP to 0.9%. % of GDP. The 12-month CAB posted a monthly deficit for the first time since October 2019. Assuming a continued economic recovery and high energy prices, we expect both balances to deteriorate further. We estimate that the trade balance will reach 0 (zero) while the current account deficit could reach 1.5% of GDP. During the 2020 pandemic, both balances recorded large surpluses, of 2.4% and 2.9% of GDP, respectively.

The rapid deterioration of the current account balance in 2021 is not favorable for the zloty. At the same time, the evaporation of external surpluses is an increasingly relevant point for MPC decisions on interest rates.

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A letter to say goodbye to my bank account balance https://medielys.com/2021/12/10/a-letter-to-say-goodbye-to-my-bank-account-balance/ Fri, 10 Dec 2021 03:22:51 +0000 https://medielys.com/2021/12/10/a-letter-to-say-goodbye-to-my-bank-account-balance/ [ad_1] Dear bank account balance, As much as I want this to be a hello letter, now that we have entered the holiday season, I have to say goodbye. Say goodbye to $ 6 coffee drinks and late-night in-and-out groceries. I offer you sweatshirts, wrapping paper, a plane ticket for the house and gifts for […]]]>


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Dear bank account balance,

As much as I want this to be a hello letter, now that we have entered the holiday season, I have to say goodbye. Say goodbye to $ 6 coffee drinks and late-night in-and-out groceries. I offer you sweatshirts, wrapping paper, a plane ticket for the house and gifts for everyone I love.

It always hurts to see you go. To see your value drop and disappear, especially now that the weather is getting colder and the holidays are out of reach. It’s like I need you the most right now. It may be my fault that you are so low that you are worried; I made a commitment to others and tried to show it, and you paid the price.

But still, Telegraph window shopping and late-night Chipotle dinners just aren’t the same without you.

Mainly because it’s just financially impossible, but it’s just not the same without you. It’s like we’re breaking up, and you’re the ex that stays on my mind.

It was hard to see you shrinking over the past few weeks. Every time I hit the ‘confirm purchase’ button at checkout, I felt a pang in my heart, as big as my wallet. My only lifeline was coming in every two weeks in the form of direct deposit, but even that was barely enough to get you back afloat.

But now, as the break begins and the last minute Christmas shopping takes place, I have to say goodbye for good. Because I have more gifts to give, and even less money to get in return. My very dear friend, I hope you know that you are going to please a lot of people because the spirit of Christmas is depleting your balance.

So it’s goodbye, and I will miss you a lot. Especially how you stocked my pantry and supported my coffee groceries. However, I hope I will see you again in the New Year.

Thanks for the fun memories.

Contact Isabella Carreno at [email protected].

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bne IntelliNews – ING: Poland’s current account deteriorates rapidly https://medielys.com/2021/11/17/bne-intellinews-ing-polands-current-account-deteriorates-rapidly/ Wed, 17 Nov 2021 14:25:39 +0000 https://medielys.com/2021/11/17/bne-intellinews-ing-polands-current-account-deteriorates-rapidly/ [ad_1] Compared to 2020, Poland’s current account balance is expected to deteriorate by around 4.5% of GDP in 2021. Imports are inflated by higher energy bills and exports are constrained by global shortages of microprocessors. Poland’s current account deficit stands at 1.3 billion euros, just between our forecast of -1.4 billion euros and the consensus […]]]>


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Compared to 2020, Poland’s current account balance is expected to deteriorate by around 4.5% of GDP in 2021.

Imports are inflated by higher energy bills and exports are constrained by global shortages of microprocessors.

Poland’s current account deficit stands at 1.3 billion euros, just between our forecast of -1.4 billion euros and the consensus of -1.2 billion euros. This is explained by a deficit of 100 million euros in trade in goods and a surplus in services (of 1.8 billion euros), as well as deficits in primary incomes (2.7 billion euros) and secondary (300 million euros). Although the difference between the annual growth rate of imports and exports remained the same (9 pp as imports increased by 21.5% year-on-year and exports by 12.2%), it remained reduced by 4 pp compared to August.

Import bills were inflated by the continued recovery in domestic demand and high energy prices. At the same time, exports have been hampered by disruptions in global supply chains, which particularly affect Germany, Poland’s main trading partner.

According to the statement from the National Bank of Poland, the largest increase on the import side in September was in petroleum and petroleum refining products and natural gas. In addition, more expensive raw materials resulted in a higher value of imported processed products, especially metals and chemicals. On the export side, the automotive sector suffered from semiconductor shortages. Exports of passenger cars and trucks declined, as did export sales of automotive batteries and catalysts.

A modest 12-month cumulative current account surplus is expected to turn into a deficit in the coming months.

According to our estimates, the current account balance, calculated cumulatively over 12 months, contracted to 0.4% of GDP from 0.9% in August, while the trade surplus contracted to 1.4 % of GDP against 1.7%. If the economic recovery and high energy prices continue into the fourth quarter, we can expect a continued deterioration of both balances. We expect the merchandise trade balance to be close to zero in 2021 as a whole, while the current account deficit will close with a deficit of around 1.5% of GDP. In 2020, the two balances show surpluses of 2.4% and 2.9% respectively.

The envisaged deterioration of Poland’s external balance indicators should be an important factor in future decisions of the Monetary Policy Council.

Leszek Kasek is Senior Economist for Poland at ING. This note first appeared on ING THOUGHT portal here.

Disclaimer: This publication has been prepared by ING solely for information purposes regardless of the means, financial situation or investment objectives of a particular user. The information does not constitute an investment recommendation, nor does it constitute investment, legal or tax advice or an offer or solicitation to buy or sell a financial instrument. Read more

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How often should you check your brokerage account balance? https://medielys.com/2021/11/16/how-often-should-you-check-your-brokerage-account-balance/ Tue, 16 Nov 2021 11:32:43 +0000 https://medielys.com/2021/11/16/how-often-should-you-check-your-brokerage-account-balance/ [ad_1] Image source: Getty Images Online brokerage accounts made it super easy to log in and check your account balance in seconds. But while it’s tempting to check your investments daily – or even more often – doing so isn’t necessarily the best idea. In fact, it’s a good idea to be strategic about how […]]]>


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Image source: Getty Images

Online brokerage accounts made it super easy to log in and check your account balance in seconds. But while it’s tempting to check your investments daily – or even more often – doing so isn’t necessarily the best idea.

In fact, it’s a good idea to be strategic about how often you log into your broker’s account to see how your investments are doing.

Signing in too often – or not often enough – to your brokerage account could cost you money

So how often should you check your account performance? For most investors, it is ideal to do this about once every few months.

Registering in your brokerage account once every few months allows you to:

  • Make sure your portfolio is balanced – often some of your investments outperform others and your portfolio may end up focusing too heavily on those investments. This may put you at more risk than you should be exposed to. You’ll want to check your account balances every few months or so to determine if your portfolio needs to be rebalanced to be better diversified.
  • Confirm that you are exposed to the right level of risk: you need a mixture of high risk investments which have the potential to produce better returns and less risky and safer investments. The level of risk you can take will change. As you get closer to when you have to rely on investments to generate income, you become less able to wait for downturns. It is therefore important to check your portfolio about once a year to make sure it matches your current risk tolerance.
  • Reaffirm your commitment to your investments: You want to invest for the long term in order to maximize your chances of building up your assets. But that doesn’t mean you should never sell assets. Checking every few months or so allows you to confirm that you are still confident that the companies you invest in have strong potential for the future.

However, you usually don’t want to check your account balance every day or even every few weeks. This creates an unnecessary risk that you overreact to fluctuations in the price of your investments which may occur as a natural part of market fluctuations.

Selling assets due to short term market trends almost guarantees that you will end up with a losing investment strategy. This is because you will almost always end up reacting after your stocks start to fall and you could sell and lock in losses as a result. Or you could be missing out on potential earnings by selling at the first sign of profit when there is a chance to make a lot more money.

Now, if you know that you can be disciplined enough to avoid making decisions based on short-term price movements and find it fun to check your portfolio, then it’s not necessarily the worst thing in the world to check. more often.

But watch for signs that you are becoming too obsessed with daily performance tracking; are tempted to react to daily movements; or confuse losses and gains on paper with permanent changes in your wealth. If these things start to happen, take a step back and avoid logging into your brokerage account as often as you have.

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Turkey’s current account balance shows surplus after 10 months https://medielys.com/2021/10/11/turkeys-current-account-balance-shows-surplus-after-10-months/ Mon, 11 Oct 2021 07:00:00 +0000 https://medielys.com/2021/10/11/turkeys-current-account-balance-shows-surplus-after-10-months/ [ad_1] Turkey’s current account posted a surplus of $ 528 million (TL 4.73 billion) in August, compared with a deficit of $ 4 billion the same month last year, the Central Bank of Turkey said on Monday. Republic of Turkey (CBRT). According to balance of payments figures released by the bank, the country’s 12-month rolling […]]]>


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Turkey’s current account posted a surplus of $ 528 million (TL 4.73 billion) in August, compared with a deficit of $ 4 billion the same month last year, the Central Bank of Turkey said on Monday. Republic of Turkey (CBRT).

According to balance of payments figures released by the bank, the country’s 12-month rolling deficit stood at $ 23.03 billion.

With the figures for August, the current account balance showed a surplus for the first time after a period of 10 months.

The 12-month rolling deficit also hit its lowest point in the past 13 months in August.

The bank said: “This development is mainly due to the net outflows of $ 2.75 billion in goods, down $ 2.6 billion from August of the previous year and to inflows. net of $ 4.07 billion in services, up $ 2.28 billion. “

The country’s current account, excluding gold and energy, posted a surplus of $ 4.43 billion in August, compared to a surplus of $ 1.54 billion in the same month last year.

Travel, under services, posted a net inflow of $ 3.4 billion in August.

Haluk Burumcekci, an analyst with the Anadolu Agency (AA), said that with the figures for August, the recovery trend continues in the current account.

Stressing that preliminary figures show that the foreign trade deficit will shrink, he forecast that the current account deficit will continue to decline thanks to the recovery in the tourism and transport sectors.

An AA survey last week showed that a group of 16 economists’ projections for the August current account deficit were in a range of $ 190 million, between a surplus of $ 950 million and a deficit of $ 1.4 billion.

The survey also predicted that the current account balance at the end of 2021 will have a deficit of $ 20.39 billion.

In July, the current account posted a deficit of $ 1.13 billion.

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