Steak a commodity is marketed,

its overall value is paid for in money but it might also be paid afterwards and marketed today. This idea is known as charge. Formerly only cash was that the medium for purchasing products, this can be replaced by tokens or IOU's or bonds, all kinds of charge money. The seller lender and becomes and the purchaser Is your debtor. If a product is sold cash isn't traded simultaneously throughout the trade. Money is no more the intermediately from the trade it concludes the trade. After the buyer isn't able to acquire the money to cover the vendor after, the house or the commodity in question could be marketed. Hence the value of this commodity is vital.


The product may be sent or even absorbed until the cash is accomplished. Any sort of security or financial instrument which isn't repaid instantaneously is known as charge. When folks purchase a home or automobiles on credit cash, the banks problems loans and this is a kind of credit that's reimbursed by the purchaser afterwards in installments. If a product is sold, instead of the intrinsic worth of the good the vendor takes credit for this. Credit isn't but cash loaned, it may also been viewed as an arrangement between the purchaser and seller that the purchaser gets the service or good beforehand and pays afterwards more with interestrates. In case a lender loans you money then it implies you are credit worthy.

Also learn: How to choose the best strategy for your business?


All-Clad VIP Factory Seconds Sale: Next One 11/6-11/8

allcladvipAll-Clad cookware is known to be very high quality, but also quite expensive. If you cook regularly, you can justify the high price with the fact that the stainless steel pots and pans will essentially last forever. (I would skip the non-stick stuff, even anodized won’t last forever.)

HomeandCooksales.com is how All-Clad unloads their products with slight cosmetic blemishes. All sales final. However, you still get the same limited lifetime warranty as if you’d bought them at Williams-Sonoma. Really, who cares about dents and scratches when it comes to cookware?

The products which are for sale on this site are FACTORY SECONDS. They have minor cosmetic scratches and/or dents. There are no defects which will affect the cookware’s performance. For this event, all sales are final, no returns will be accepted.

The next big sale is 11/6-11/8 but you can see some items available now with the passcode ACVIPNOV17. To get future passcodes and reminders, send an e-mail to [email protected] to get on their mailing list.

I would still compare prices before purchasing. Amazon has been known to make price drops in response to these sales, and those items are not factory seconds (and also accept returns). You can also get 5% back at Amazon with an Amazon Prime credit card or Discover It card this quarter.

I’ve been slowly accumulating my “permanent cooking portfolio” of All-Clad pots/pans and Le Creuset/Staub dutch ovens. I recommend buying some Bar Keepers Friend as it helps wash off the stuck bits on stainless steel. Also good on bath tubs, kitchen sinks, and stove tops.

Tulip Fever Movie: Love and Economic Bubbles

tulipIf you’ve read enough investing books, you know about the “Dutch Tulip Mania” of the 1600s (Wikipedia) and how it was considered one of the first documented economic bubbles. At one point, 12 acres of land were exchanged for a single tulip bulb.

I was catching up on my Bloomberg magazines and saw this: Finance Geeks Will Love This New Movie About the Tulip Bubble. The official trailer would indicate it’s mostly a romantic drama, but the article suggests that it weaves in the tulip mania, the “nature of money”, and what “love and money have in common”:

The critic reviews weren’t that great, so perhaps it will end up on Amazon Prime Video or Netflix soon enough.

I believe I first read about tulip mania in the Burton Malkiel classic A Random Walk down Wall Street as an example of the Greater Fool Theory, where you buy something for a high price not due to its intrinsic value, but solely because you think someone else will buy it from you for an even higher price. (Does this apply to iPhone X pre-orders?)

Best Interest Rates on Cash – November 2017

Interest rates are slowly inching upwards. Don't let a megabank pay you 0.01% APY or less for your idle cash. Here is my monthly roundup of the best safe rates available, roughly sorted from shortest to longest maturities. I focus on rates that … [Read the rest]

Savings I Bonds November 2017 Update: 0.1% Fixed, 2.48% Variable Interest Rate

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Update 11/1/17. The fixed rate will be 0.1% for I bonds issued from November 1, 2017 through April 30, 2018. The variable inflation-indexed rate for this 6-month period will be 2.48% (as was predicted). The total rate on any specific bond is the … [Read the rest]

Scare-Testing Your Risk Tolerance on Halloween

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It's Halloween as I finishing writing this, and soon little ghosts and ghouls will be lining up to score treats from my great-aunt. She's lived through some amazing times. It's really hard to predict how you will handle a scary situation until … [Read the rest]

Book Review: A History of Gold in the United States

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Having been born after 1971, I have never lived in a time when the dollar was backed by gold. In an effort to learn more about the gold standard, I recently finished One Nation Under Gold: How One Precious Metal Has Dominated the American … [Read the rest]

XKCD on Credit Card Reward Optimization

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XKCD has some clever observations about the pursuit of credit card rewards: I definitely spend more time thinking about optimizing things than is... optimal? rational? That's why I started a website, so I can justify it as a business pursuit! … [Read the rest]

Costco New Membership Discount Certificate

Here's a new link for a Costco Membership Activation Certificate where for $60 you can get the following ($115.63 total value): 1-year Gold Star membership ($60 normally), which includes a membership card for the primary cardholder as well as … [Read the rest]

Morningstar Star Ratings, Still Less Useful Than Expense Ratios

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For investment nerds, the recent Wall Street Journal article The Morningstar Mirage was high drama. The subtitle got straight to the point: Investors everywhere think a 5-star rating from Morningstar means a mutual fund will be a top performer—it … [Read the rest]

Capital One® Venture® Rewards Credit Card – 50,000 Miles Limited-Time Offer

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The Capital One® Venture® Rewards credit card has increased their sign-up bonus to 50,000 miles after spending $3,000 on purchases within 3 months from account opening. Those 50,000 miles can be redeemed as a $500 credit towards any travel purchase … [Read the rest]

Early Retirement Income Update 2017 Q3: Do I Have Enough Yet?

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How do you know when you portfolio is enough to retire on? You have to figure out a withdrawal strategy first. This is a tricky question and full of worries about running out of money. You could take out a fixed amount (i.e. $50,000 a year). … [Read the rest]

Early Retirement Portfolio Asset Allocation, 2017 Third Quarter Update

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Here is an update on my investment portfolio holdings after the third quarter 2017. This includes tax-deferred 401k/403b/IRAs and taxable brokerage holdings, but excludes things like our primary home, cash reserves, and a few other side investments. … [Read the rest]