The RealReal luxury resell business details

The RealReal is online & offline marketplace for authenticated consigned luxury goods (apparel, handbags, shoes, jewelry, art pieces, etc). Company revolutionized luxury resale business by providing trusted end-to-end service around the globe. Company established in 2011, successfully achieved IPO in 2019 but still in loss making stage. The IPO offering price of common stock is […]

Advertisements

Top 10 countries by number of billionaires

Data about number of billionaires varies from source to source. According to Wikipedia top 10 countries by number of billionaires: United States 585 billionaires. China 476 billionaires. India 131 billionaires. Germany 114 billionaires. Russia 96 billionaires. Hong Kong 67 billionaires. United Kingdom 64 billionaires. Brazil 43 billionaires. Italy 42 billionaires. Canada 38 billionaires. According to […]

WeWork’s unicorn debacle

WeWork IPO officially canceled because of crazy high valuation & debt. I was quite surprised to read Form S-1 filed with United States Securities and Exchange Commission. Also I was surprised by level of debt and long term financial commitments in front of property owners. WeWork business idea is not something new or out of […]

What is secured credit cards?

Secured credit cards popular among customers with bad credit score. It could be useful tool to build or rebuild credit score but it takes long time. It’s popular to use credit card in developed countries but it’s not always easy to get unsecured credit card. Financial institutions which issue credit cards require issuance from customer […]

Negative Interest Rates Policy with examples

Need GDP growth? Make people addicted to shopping and saving less. Why? Because it’s the way how modern economy work. The GDP growth rate could not be achieved if citizens (tourists) don’t spend money. In last a few years interesting GDP growth stimulation used: negative interest rate policy. That means depositors must pay a fixed […]

How to lose money from your savings account?

One of the worst but most used way is to store your wealth in cash (bank account). It’s wildly popular with heartbreaking consequences. Traditional way of saving money looks like this: Get paycheck Save 10-30% Deposit in bank on your saving account Get tiny interest rate Follow systematic investment plan Live below your standards Save […]

How banks make money on your debit card

Debit card is like plastic money without need to carry cash. Every time swipe, you use funds which already available. There are few ways how bank make money on every time debit card used. Banks earn less on debit cards compared to credit cards revenue. In table below comparison of debit vs credit cards parameters. […]

How banks make money on your credit card

Credit and debit cards look similar but influence differently on wealth utilisation. Credit cards issuing companies mastered a few main money making strategies: Interest rate applied on late payment Merchant interchange fees (mostly 2-5% of transaction value) Annual fees ($0 – $5000) Monthly fees ATM cash withdrawal (higher interest on default) Balance transfer Foreign transaction […]