Terminology: Options

Options are contracts that give the owner the right (but they are not required) to buy or sell an underlying asset (like a stock, ETF, etc.) at a fixed price for a specific period of time.  There are two standard types of option contracts: a call and a put. Option contracts are for a specific…

Philanthropy

This month’s featured charitable organization is Hope through Housing. Hope through Housing Foundation’s mission is to break the cycle of generational poverty by advocating for policies and implementing programs that empower individuals and change communities. Henry Ford recently spoke to local children enrolled in Hope through Housing’s after-school program. The organization hosts “Career Conversations,” exposing children…

Terminology: Mortgage Backed Securities

President Lyndon Johnson created mortgage-backed securities when he authorized the 1968 Charter Act. It also created Fannie Mae. He wanted to give banks the ability to sell off mortgages. That would free up funds to lend to more homeowners. (How Mortgage-Backed Securities Worked Until They Didn’t, KIMBERLY AMADEO Updated January 31, 2019) Mortgage Backed Securities…

Guest Insights: Opportunity Zones

When the Tax Cuts and Jobs Act (TCJA) was introduced, primary focus was placed on the decrease in tax rates, qualified business income deductions and changes to the itemized/standard deductions.   Now that these have been addressed, a closer look suggests several “opportunities”.  Once such, “opportunity” is The Opportunity Zone program. The Opportunity Zone program was…

Terminology: Malware

“Malware” is short for “malicious software”.  Malware is any software that is intentionally designed to cause damage to your computer or programs.  The term could refer to viruses, worms, Trojan horse and spyware, to name a few. Malware exploits security defects in software.  It looks for loopholes to exploit. The best-known types of malware are…

CyberCrime in the Workplace

It’s a sad fact of business life today.  The same internet which allows a small business to reach markets all over the world, that puts customer contacts at your fingertips and lets people find you fast is also the new Wild West of crime.  We have had to learn a new vocabulary, with words like…

Terminology: Trust

A trust (a collection of assets) is a legal agreement through which funds or assets are held by a third party (the trustee) on behalf of a beneficiary.   It is often considered an alternative to a will. The one major benefit from a trust is that the assets can be passed to beneficiaries without using…