Why Millennials Need To Invest for Retirement Now

A savvy millennial investor taking control of his future and finances by investing into his retirement funds.

The financial landscape for millennials today is rich with challenges, from soaring housing costs to student loan debt. Yet, despite these hurdles, the importance of investing for retirement cannot be overstated. Starting early can pave the way to a secure financial future. We’re diving into why millennials need to invest for retirement now instead of delaying the process.

The Power of Compounding Interest

One of the most compelling reasons for millennials to start investing now is the power of compounding interest. This phenomenon allows your investments to generate earnings, which in turn generate their own earnings. Over time, this process can turn modest savings into substantial wealth, highlighting the impact of early investments.

Overcoming Investment Hurdles

Many millennials feel that investing is out of reach due to misconceptions or limited funds. However, starting small is better than not starting at all. There are numerous paths to begin investing, even with a tight budget, that can set the foundation for a robust financial future.

Millennial-Friendly Investment Options

For those at the beginning of their financial journey, constructing a diverse real estate investment portfolio might seem complex, but it’s an effective way to build wealth over time. Real estate investments can provide a steady income stream and appreciate over time, offering a significant boost to your retirement savings.

Balancing Current Needs and Future Goals

Creating a sustainable investment plan requires balancing immediate financial needs with long-term retirement goals. It’s crucial to allocate funds wisely, ensuring that you can meet today’s expenses while still contributing to your retirement savings. This careful planning can help secure a financially stable future.

Leveraging Technology in Investing

Technology has made investing more accessible than ever for millennials. Fintech solutions offer user-friendly platforms that simplify the investment process, making it easier to manage and grow your portfolio. These innovations can play a key role in demystifying the investing world for young professionals.

Inspirational Millennial Investors

There are countless stories of young professionals who have made significant strides in securing their financial future. These real-life examples serve as powerful motivation for millennials contemplating their own investment strategies. By following in their footsteps, you can take control of your financial destiny.

In the face of an unpredictable future, it’s more important than ever for millennials to start investing for retirement. By taking action now, you can protect yourself against changes that would affect retirement withdrawal and ensure a secure, comfortable future. The time to invest is now, setting the stage for a financially independent retirement.

Charlie Munger’s Investment Wisdom: Top 10 Mental Flaws to Avoid for Success!

Charlie Munger's Investment Wisdom: Top 10 Mental Flaws to Avoid for Success!

Charlie Munger’s Investment Wisdom: Top 10 Mental Flaws to Avoid for Success!

Dive into the world of investment genius with our video on ‘Charlie Munger’s Top 10 Investment Principles‘!

📈🧠 In 1995, Charlie Munger, the renowned investor and Vice Chairman of Berkshire Hathaway, delivered a legendary lecture at Harvard not about investment strategies, but about the mental flaws that affect business decisions.

Charlie Munger's Investment Wisdom: Top 10 Mental Flaws to Avoid for Success!
Charlie Munger’s Investment Wisdom: Top 10 Mental Flaws to Avoid for Success!

In this blog/podcast/video, we unravel Munger’s insightful guidance on avoiding cognitive biases and mental errors that can skew decision-making. Munger’s principles go beyond investing; they offer a blueprint for making smarter decisions in business and life.

🔍 What you’ll learn:

  1. Overreaction to Loss: Understand why focusing too much on avoiding loss can lead to missing significant opportunities.
  2. Inconsistency-Avoidance: How clinging to beliefs can blind you to vital information.
  3. Availability-Misweighing: The dangers of oversimplifying complex situations.
  4. Twaddle Tendency: Recognizing when information is fabricated or exaggerated.
  5. Social-Proof Bias: The risk of following the crowd blindly.
  6. Overoptimism Tendency: Managing unrealistic expectations and assessing risks accurately.
  7. Reward and Punishment Superresponse: The underestimated influence of incentives in decision-making.
  8. Pain-Avoiding Psychological Denial: The tendency to distort reality to protect the ego.
  9. Influence-from-Association: Avoiding negative bias based on association.
  10. Lollapalooza Tendency: Identifying when multiple mental flaws combine to create extreme outcomes.

Munger’s wisdom is a key to unlocking exceptional decision-making skills, as evidenced by his success with Berkshire Hathaway.

Join us as we delve into each of these principles, providing real-world examples and actionable insights. Share your thoughts and experiences in the comments below! #CharlieMunger #InvestmentPrinciples #CognitiveBiases #BusinessWisdom #BerkshireHathaway”

Subscribe for weekly updates and deep dives into artificial intelligence innovations.

✅ Don’t forget to Like, Comment, and Share this video to support our content.

📖 Read along with the podcast:

So, back in 1995, Harvard University invited Charlie Munger to give a lecture to its students. Now, one might assume that Munger, being the Vice Chairman of Berkshire Hathaway and a highly respected figure in investing, would impart valuable insights on how to excel in the world of finance. But interestingly enough, Munger had a different approach. He focused on something far more important than investing advice – he delved into the realm of mental flaws that affect every single business decision we make.

See, our brains are fascinating organs that constantly take shortcuts when it comes to decision-making. It’s just the way we’re wired. But here’s the kicker – these shortcuts often lead us astray, tricking us into believing that our flawed thinking is actually accurate. So, what Munger recognized was that avoiding these mental flaws was the key to his success in building Berkshire Hathaway.

In Munger’s most famous lecture, he emphasized the significance of being able to see and, importantly, avoid these mental flaws. He believed that it was more critical than any specific investing advice he could give. So, what were these mental flaws that Munger warned his Harvard students about? Let’s dive into the ten most critical ones.

The first flaw is the overreaction to loss. We have a tendency to overemphasize loss rather than focusing on potential gains. Munger advised his students not to miss out on a big opportunity just because they wanted to avoid a small loss.

The second flaw is inconsistency-avoidance. When we hold a belief, we tend to identify with it strongly. As a result, any information that clashes with our beliefs appears twisted or distorted. Munger urged his students to see information for what it truly is, without letting their preexisting beliefs cloud their judgment.

Next up is availability-misweighing. Munger pointed out that the simplest answers to complex situations often become viral and widely accepted. However, just because others provide a single explanation for why something happens, it doesn’t mean that the whole picture has been revealed. Munger encouraged his students to assume that they could be missing important information whenever they are presented with only one response.

The fourth mental flaw is what Munger called the “twaddle tendency.” People have a knack for making things up as they go along, especially when they want to appear more intelligent than they actually are. Munger advised his students to be skeptical and assume that some percentage of any given explanation is simply fabricated.

Then there’s the social-proof bias. As humans, we often tend to follow the crowd and assume that popular ideas must be true. But Munger cautioned against this tendency, reminding his students that popularity doesn’t equate to accuracy. It’s important to think critically and not blindly follow the masses.

Moving on to the sixth flaw, Munger highlighted the overoptimism tendency. We humans have a tendency to be overly optimistic, which can cloud our judgment and make it difficult for us to accurately assess risks. Munger advised his students to seek a third-party perspective to evaluate the downside risks of their decisions.

The seventh mental flaw is what Munger termed the “reward and punishment superresponse.” Essentially, we underestimate the impact that incentives have on driving behavior. Before working with others, it’s crucial to understand their incentives and motivations.

Next up is the pain-avoiding psychological denial. When faced with an uncomfortable truth, we often skew our perception of reality to avoid the pain that accompanies it. While this may protect our ego in the short term, it ultimately hampers our decision-making process. Munger encouraged his students to confront uncomfortable truths head-on and base decisions on accurate information.

Influence-from-association is another mental flaw Munger highlighted. Essentially, when we associate an idea with something negative, we automatically assume that the idea itself is bad. Munger advised his students to look for valuable lessons even in ideas that others tend to avoid due to negative associations.


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Lastly, there’s the lollapalooza tendency. When multiple mental flaws come into play together, they can amplify each other and lead to extreme outcomes. Munger urged his students to be vigilant for situations where multiple flaws might be at work, as they can significantly impact the logic behind decisions.

Now, here’s the thing – most people are not fully aware of just how much these mental flaws skew their decision-making processes. But Munger, with his exceptional ability to recognize and confront these flaws, was able to build Berkshire Hathaway into a powerhouse. So, the key takeaway here is to protect against these mental flaws in your own decision-making. By doing so, you can elevate yourself to the level of a top-notch decision-maker, just like Munger.

And with that, we’ve covered the ten critical mental flaws that Charlie Munger warned his Harvard students about. These flaws have the potential to significantly impact our decision-making, so it’s essential to be aware of them and actively work to counteract their influence.

Remember, decision-making is a multifaceted process, and understanding the common pitfalls can help us make better choices in both our personal and professional lives. So, take Munger’s wisdom to heart, and may your decision-making skills soar to new heights!

Oh, do I have a book recommendation for you! If you’re itching to delve deeper into the realm of artificial intelligence for investing, then look no further than “AI Unraveled: Demystifying Frequently Asked Questions on Artificial Intelligence.” Trust me, this book is an absolute must-read for anyone seeking to expand their understanding of AI in the world of investments.

And the best part is, you can easily get your hands on a copy! “AI Unraveled” is conveniently available for purchase on popular platforms like Etsy, Shopify, Apple, Google, and of course, Amazon. So, no matter which one you prefer, you can easily snag a copy and dive right into this treasure trove of knowledge.

What sets “AI Unraveled” apart from other books on the subject is its ability to demystify the frequently asked questions surrounding artificial intelligence. It’s not just about grasping the concepts; it’s about unraveling the mysteries and making AI approachable for everyone.

The author brilliantly breaks down complex ideas into easily digestible nuggets of information. So, whether you’re a seasoned investor or just starting out, you’ll find immense value in this book. With each turn of the page, you’ll uncover a wealth of insights that will empower you to make informed decisions in the world of AI-driven investments.

And let’s not forget the convenience of purchasing options! Whether you’re a fan of Etsy’s unique offerings, Shopify’s user-friendly interface, or the trusted platforms like Apple and Google, “AI Unraveled” is available on all of them. And of course, you can always rely on the mighty Amazon to deliver your copy right to your doorstep. The choice is yours!

So, if you’re ready to take your understanding of artificial intelligence for investing to the next level, don’t hesitate. Get yourself a copy of “AI Unraveled: Demystifying Frequently Asked Questions on Artificial Intelligence” and embark on an eye-opening journey into the world of AI-driven investments. Happy reading!

In this episode, we explored the importance of avoiding mental pitfalls in business decisions and recommended “AI Unraveled” as a comprehensive guide to AI investing. Thank you for joining us on the “Djamgatech Education” podcast, where we strive to ignite curiosity, foster lifelong learning, and keep you at the forefront of educational trends – so stay curious, stay informed, and stay tuned with Djamgatech Education!

Are you eager to expand your understanding of artificial intelligence? Look no further than the essential book “AI Unraveled: Demystifying Frequently Asked Questions on Artificial Intelligence,” available at Etsy, Shopify, Apple, Google, or Amazon

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The TOP 50 Finance Headlines of 2023: Unraveling the Patterns

The TOP 50 Finance Headlines of 2023: Unraveling the Patterns!

The TOP 50 Finance Headlines of 2023: Unraveling the Patterns!

2023 was a rollercoaster year in the world of finance, with groundbreaking headlines hitting the news every day. Dive into this detailed analysis as we uncover the TOP 50 finance headlines of the year and decipher the emerging patterns. Whether you’re a finance enthusiast, an investor, or someone trying to stay updated, this video is your definitive guide to the financial trends of 2023. Don’t forget to subscribe for more insights and hit the like button if you find this content valuable!

The TOP 50 Finance Headlines of 2023: Unraveling the Patterns!
The TOP 50 Finance Headlines of 2023: Unraveling the Patterns!

Introduction to Finance: Markets, Investments, and Financial Management 17th Edition

The TOP 50 Finance Headlines of 2023

  1. ” ‘I can’t get my money out’: Billionaire investor Mark Mobius says China is restricting capital flows out of the country”

  2. “Unchecked corporate pricing power is a factor in US inflation”

  3. ” ‘Greedflation’: Profit-boosting mark-ups attract an inevitable backlash”

  4. “JPMorgan Chase thought it had $1.3 million worth of nickel stored in a warehouse. A closer examination revealed bags of stones.”

  5. “As COVID Hit in Early 2020, Washington Officials Traded Stocks With ‘Exquisite Timing'”

  6. “Binance is Losing Assets, $12 Billion Gone in Less Than 60 Days”

  7. “SVB and Mid-Size Banks Spent $50 Million to Weaken Dodd-Frank”

  8. “Credit Suisse Whistleblowers Say Swiss Bank Has Been Helping Wealthy Americans Dodge U.S. Taxes for Years”

  9. “Collapsed FTX Owes Nearly $3.1 Billion to Top 50 Creditors”

  10. “Fed Chair Powell Says Rates Are Headed Higher Than Expected”

  11. “Amazon Becomes World’s First Public Company to Lose $1 Trillion in Market Value”

  12. “Malls Are in Trouble Again, Offices Are Next: The Big Real Estate Short Is Spreading to Offices from Shopping Malls”

  13. “Yellen: No Federal Bailout for Collapsed Silicon Valley Bank”

  14. “Sam Bankman-Fried Pleads Not Guilty to 8 Counts of Wire Fraud, Securities Fraud, and Conspiracy”

  15. “Germany Dodges Recession, but Inflation Climbs to 11.6%”

  16. “Musk Warns Twitter Bankruptcy Possible as Senior Executives Exit”

  17. “Liz Truss Resigns as U.K. Prime Minister After Tax Plan Caused Market Turmoil”

  18. “Citadel Made $16 Billion Profit in 2022, the Largest Ever by a Hedge Fund”

  19. “Exclusive: At Least $1 Billion of Client Funds Missing at FTX”

  20. “U.S. GDP Accelerated at a 2.6% Pace in Q3, Better Than Expected as Growth Turns Positive”

  21. “Blackstone’s Property Bets Are Getting Shakier — Rent Growth Is Slowing for Residential Real Estate, Which Makes Up Over Half of the Private-Equity Giant’s Portfolio”

  22. “US Charges Sam Bankman-Fried with Bribing Chinese Officials”

  23. “Charles Schwab Plunges 19% as Investors Worry About Banks Sitting on Big Bond Losses Following Silicon Valley Bank Collapse”

  24. “Three Failed US Banks Had One Thing in Common: KPMG — Big Four Auditor’s Work for SVB, Signature, and First Republic Comes Under Scrutiny in Aftermath of Their Collapses”

  25. “Tech’s Reality Check: How the Industry Lost $7.4 Trillion in One Year – CNBC”

  26. “Even Wealthy Landlords Are Skipping Payments on Office Buildings”

  27. “Silicon Valley Bank Collapses, Enters FDIC Receivership”

  28. “Wall Street’s Big Banks Score $1 Trillion of Profit in a Decade”

  29. “Sam Bankman-Fried Tries to Explain Himself”

  30. “Colorado River Water Rights Snatched up by Investors Betting on Scarcity”

  31. “U.S. Existing Home Sales Fall for the 10th Straight Month in November”

  32. “Remote-Work Trend Creates Mortgage-Backed Securities Default Risk, Moody’s Warns”

  33. “The Fed Announced a 50-Basis-Point Rate Hike Today. Projects Raising Rates as High as 5.1% Before Ending Inflation Battle”

  34. “The Fed Is Expected to Raise Interest Rates by Three-Quarters of a Point and Then Signal It Could Slow the Pace”

  35. “Brookfield Defaults on Two Los Angeles Office Towers”

  36. “European Regulators Criticize US ‘Incompetence’ Over Silicon Valley Bank Collapse”

  37. “Sam Bankman-Fried Released on $250 Million Bail Ahead of FTX Trial”

  38. “Swiss Central Bank Posts Biggest Loss in Its 116-Year History”

  39. “Bonus Cap Blues — Removal of Allowances Would Plunge Bankers into the Icy Waters of Performance Accountability”

  40. “Global Investigators Pounce as FTX Collapse Leaves Potentially 1 Million Creditors”

  41. “An Unexpected Job Surge Confounds the Fed’s Economic Models”

  42. “Fed Approves 0.75-Point Hike to Take Rates to Highest Since 2008 and Hints at Change in Policy Ahead”

  43. “JPMorgan’s Jamie Dimon Says the Banking Crisis Is Not Over and Will Cause ‘Repercussions for Years to Come'”

  44. “De-dollarization Has Started, but the Odds That China’s Yuan Will Take Over Are ‘Profoundly Unlikely to Essentially Impossible'”

  45. “U.S. SEC Votes to Advance Stock Market Overhaul Proposals”

  46. “Office Landlord Defaults Are Escalating as Lenders Brace for More Distress”

  47. “Senator Warren Raises Pressure on Fed Over Ethics Lapses”

  48. “The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried”

  49. “Eurozone Inflation Hits 10.7% in October, as Growth Slows Dramatically”

  50. Powell says inflation is still too high and lower economic growth is likely needed to bring it down

The TOP 50 Finance Headlines of 2023: Unraveling the Patterns!

From examining the 50 financial headlines, several patterns and themes emerge:

  1. Banking and Financial Institutions Crisis:
    • Multiple mentions of banks in crisis, notably the Silicon Valley Bank’s collapse.
    • The involvement of big banks like JPMorgan and Credit Suisse in various controversies or unexpected situations.
    • The banking crisis’s lasting impact, with warnings from industry leaders.
  2. Regulation and Oversight:
    • U.S. SEC moving to advance stock market overhaul proposals.
    • Calls for greater accountability and criticism of the U.S.’ handling of the Silicon Valley Bank situation by European regulators.
    • The involvement of the Federal Reserve in terms of rate hikes and dealing with inflation.
  3. Notable Figures Under Scrutiny:
    • Sam Bankman-Fried is frequently mentioned, indicating potential legal troubles and significant losses.
    • Other key figures and firms, such as Jamie Dimon, Liz Truss, and Citadel, also make the headlines, indicating their prominent role in the financial narrative.
  4. Economic Challenges:
    • Rising inflation rates, especially in Germany and the Eurozone.
    • A declining real estate market, particularly concerning residential and office properties.
    • Economic indicators like U.S. GDP and home sales figures hint at the broader economic landscape.
  5. Market Dynamics and Challenges:
    • Loss of substantial market value by tech companies and Amazon.
    • Concerns over unchecked corporate power contributing to inflation.
    • Significant losses or gains by specific entities, like Blackstone’s property bets becoming shakier and Citadel’s record profits.
  6. Water and Real Estate:
    • There’s an intersection of finance and environmental concerns, as seen in the mention of the Colorado River water rights being snatched by investors, betting on scarcity.
    • Repeated mentions of real estate defaults, especially concerning office buildings, hint at a shaky real estate market.
  7. Ethical and Integrity Concerns:
    • Whistleblowers, fraudulent practices, and allegations against major financial institutions and figures indicate a pervasive theme of ethics and integrity in the financial sector.

To summarize, the pattern suggests a period of significant financial instability, potential misconduct, and increasing regulatory oversight. There’s a mix of macroeconomic challenges, such as inflation and GDP fluctuations, coupled with microeconomic issues at institutional levels, like bank collapses and corporate fraud.

The TOP 50 Finance Headlines of 2023: Podcast transcript

Welcome to the Djamgatech Marketing podcast, your go-to source for the latest trends and insights in the world of marketing. In today’s episode, we’ll cover China’s capital flow restrictions, US inflation, FTX’s debt, Amazon’s loss, Bronx updates, banking crisis and regulation concerns, scrutiny of key figures, economic challenges and market dynamics, water and real estate intersections, and ethical and integrity concerns.

Hey everyone! Today, we have something exciting to discuss. We’ve compiled a list of the top 49 headlines from r/finance this year. These headlines cover a wide range of topics, from market fluctuations to banking scandals and everything in between. So, let’s dive in and see if we can find any patterns or common themes that have sparked engagement in these discussions.

First up, we have an interesting headline from billionaire investor Mark Mobius, who claims that China is restricting capital flows out of the country. This raises questions about the global financial landscape and the impact this could have on investments.

Next, we have a headline that points out the unchecked pricing power of corporations as a factor in US inflation. This is definitely a topic worth exploring, as it sheds light on the dynamics between corporate profits and consumer prices.

Moving on, we find an article on the concept of “greedflation” – profit-boosting mark-ups that eventually attract a backlash. It’s intriguing to ponder how this phenomenon impacts the overall sentiment in the finance world and the potential consequences it could have.

In another fascinating headline, JPMorgan Chase finds itself in a peculiar situation. They believed they had $1.3 million worth of nickel stored in a warehouse, but upon closer inspection, they discovered bags of stones. This unexpected turn of events highlights the importance of due diligence and oversight in the financial sector.

Shifting gears, we delve into a headline that investigates Washington officials trading stocks with “exquisite timing” at the onset of the COVID pandemic. This raises eyebrows and prompts discussions about potential insider trading and the ethical implications surrounding it.

Another attention-grabbing headline highlights the massive loss of assets at Binance – a staggering $12 billion vanished in less than 60 days. This sparks concerns about the security and stability of cryptocurrency exchanges and the potential risks associated with investing in them.

Moving on, we have a headline that discusses how SVB and mid-size banks spent $50 million to weaken Dodd-Frank regulations. This sheds light on the ongoing debates surrounding financial regulation and the different perspectives within the industry.

In a headline that holds significant implications, whistleblowers at Credit Suisse claim that the Swiss bank has been helping wealthy Americans dodge U.S. taxes for years. This revelation raises questions about the integrity of the banking system and the role of financial institutions in facilitating tax evasion.

Next on the list, we have the collapse of FTX, which owes nearly $3.1 billion to its top 50 creditors. This serves as a stark reminder of the risks involved in the financial realm and the potential consequences that can arise when things go awry.

Federal Reserve Chair Powell’s statement that rates are headed higher than expected also grabs our attention. This declaration has ramifications for various stakeholders, including investors, borrowers, and businesses. It’s crucial to examine the potential impact of rising interest rates on different sectors of the economy.

In a headline that shocked many, Amazon becomes the first public company to lose $1 trillion in market value. This event raises questions about the volatility of the market and the challenges faced by even the largest corporations.

The troubles in the retail sector continue as malls find themselves in trouble once again, with offices potentially following suit. This speaks to the changing landscape of real estate and the challenges faced by traditional brick-and-mortar establishments.

In an interesting development, former U.S. Treasury Secretary Yellen states that there will be no federal bailout for the collapsed Silicon Valley Bank. This raises questions about the role of the government in addressing financial crises and the potential implications of such decisions.


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Shifting gears to legal matters, we have the case of Sam Bankman-Fried pleading not guilty to multiple counts of wire fraud, securities fraud, and conspiracy. This high-profile case sparks discussions around ethics, accountability, and the consequences of fraudulent actions in the finance industry.

Moving across the pond, we come across the revelation that Germany managed to dodge recession but now faces inflation climbing to 11.6%. This highlights the intricate balance and challenges faced by economies worldwide.

Tech mogul Elon Musk takes the stage with a warning that Twitter bankruptcy is possible as senior executives exit the company. This headline raises questions about the sustainability and uncertainties surrounding social media platforms and their impact on financial markets.

In a surprising turn of events, U.K. Prime Minister Liz Truss resigns following market turmoil caused by a tax plan. This underscores the interconnectedness between politics, policies, and financial markets and the potential ramifications that can arise.

Highlighting the immense profits in the hedge fund industry, it is revealed that Citadel made a staggering $16 billion profit in 2022. This sparks discussions around wealth inequality, market dynamics, and the influence of hedge funds in the financial landscape.

In a headline that many find alarming, it is reported that FTX has at least $1 billion of client funds missing. This revelation raises concerns about the security of investors’ assets and the potential risks associated with entrusting funds to financial institutions.

Turning our attention to the U.S. economy, we find that the GDP accelerated at a 2.6% pace in the third quarter, outperforming expectations and signaling positive growth. This headline gives hope and promotes discussions around the trajectory of the economy and its impact on various sectors.

The next headline highlights the slowing rent growth in residential real estate, which forms a significant portion of Blackstone’s portfolio. This draws attention to the challenges faced by the real estate market and the potential implications for investors in this industry.

Sam Bankman-Fried finds himself in the spotlight once again, this time facing charges of bribing Chinese officials. This high-profile case raises questions about corruption, international relations, and the ethical challenges faced by multinational firms.

Charles Schwab’s stock plunges as investors worry about potential bond losses following the collapse of Silicon Valley Bank. This brings to the forefront the risks involved in the financial sector and the potential ripple effects that can occur when major institutions face challenges.

The collapse of three U.S. banks prompts scrutiny of KPMG, a Big Four auditor. The audits conducted for SVB, Signature, and First Republic come under the microscope, raising questions about auditing practices and the broader role of auditors in ensuring the stability of financial institutions.

We take a deep dive into the tech industry and explore how it lost a whopping $7.4 trillion in just one year. This eye-opening headline emphasizes the volatile nature of the tech sector and the risks associated with investing in this industry.

Even wealthy landlords are feeling the crunch, as they skip payments on office buildings. This sheds light on the challenges faced by commercial real estate and the potential consequences for property owners and investors.

In another headline, we discover that Silicon Valley Bank has collapsed and entered FDIC receivership. This event underscores the fragility of financial institutions and the potential risks embedded within the system.

Shifting focus to Wall Street’s big banks, it is revealed that they scored a massive $1 trillion in profit over the past decade. This headline fuels discussions surrounding the influence and power held by these financial giants.

Sam Bankman-Fried attempts to explain himself amidst the ongoing controversy. This headline sparks curiosity about his motivations and the broader implications of his actions.

In an unexpected twist, investors rush to snatch up Colorado River water rights, banking on scarcity. This intriguing headline delves into the complexities of the market and the consequences of natural resource scarcity.

U.S. existing home sales take a hit for the tenth consecutive month in November. This headline raises concerns about the stability of the housing market and the potential challenges faced by homeowners and potential homebuyers.

The remote-work trend has created default risks for mortgage-backed securities, as warned by Moody’s. This highlights the impact of changing work dynamics on the financial sector and the potential risks associated with this shift.

The Federal Reserve’s announcement of a 50-basis-point rate hike catches everyone’s attention. This decision signals potential changes in borrowing costs and serves as an indication of the central bank’s stance on inflation.

Continuing with the Fed, there are expectations of three-quarter-point interest rate hikes, with potential implications for the broader economy. This headline sparks discussions on monetary policy and the potential consequences for various stakeholders.

Brookfield defaults on two Los Angeles office towers, shedding light on the challenges faced by commercial property owners. This headline underscores the risks associated with real estate investments and the potential ripple effects in the market.

European regulators criticize the U.S. for its handling of the Silicon Valley Bank collapse, branding it as incompetent. This remark raises questions about international cooperation and the confidence placed in different regulatory bodies.

Sam Bankman-Fried is released on a staggering $250 million bail ahead of the FTX trial. This headline raises eyebrows and prompts discussions around the significance of bail amounts and the consequences for high-profile individuals involved in legal matters.

The Swiss central bank posts its biggest loss in its 116-year history, sparking concerns about the stability and performance of this renowned institution. This development raises questions about the broader impact on the Swiss economy and the financial landscape.

In a headline that resonates with many, the removal of allowances for bankers is portrayed as potentially plunging them into the icy waters of performance accountability. This sparks discussions around compensation structures in the financial sector and the potential consequences of removing certain incentives.

Global investigators are quick to react as the FTX collapse leaves potentially one million creditors in its wake. This event raises questions about the systemic risks posed by financial collapses and the challenges faced by those affected.

An unexpected job surge confounds the economic models of the Federal Reserve. This headline highlights the uncertainties and dynamics of the labor market, leaving economists and policymakers scratching their heads in search of answers.

The Federal Reserve’s approval of a 0.75-point rate hike takes rates to their highest level since 2008. This decision prompts discussions about the central bank’s approach to combating inflation and its potential impact on the broader economy.

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Jamie Dimon, the CEO of JPMorgan, warns that the banking crisis is far from over and will have repercussions for years to come. This headline delivers a dose of caution and raises questions about the resiliency of the financial system.

De-dollarization is underway, but the likelihood of China’s yuan taking over as the dominant global currency is deemed profoundly unlikely, if not essentially impossible. This headline sheds light on the complex dynamics of global currencies and the challenges faced by contenders for the top spot.

The U.S. SEC votes to advance proposals for overhauling the stock market, signaling potential changes to come. This headline prompts discussions surrounding market regulations and their impact on market participants.

Office landlord defaults are escalating, serving as a warning sign for lenders preparing for more distress in the commercial real estate market. This headline highlights the challenges faced by the real estate industry and the potential ripple effects on the broader economy.

Senator Elizabeth Warren raises pressure on the Federal Reserve over ethics lapses within the central bank. This headline draws attention to the importance of ethical standards in the financial sector and the role of oversight in maintaining trust and confidence.

In an intriguing turn of events, an unknown hedge fund receives a $400 million investment from Sam Bankman-Fried. This headline raises questions about the role of hedge funds and the implications of such significant investments on the broader financial landscape.

Lastly, Eurozone inflation hits 10.7% in October, signaling a significant slowdown in growth. This headline gives us insight into the challenges faced by the Eurozone economy and the potential consequences for various stakeholders.

Alright, folks! We’ve reached the end of our journey through the top 49 headlines from r/finance this year. We’ve covered a wide range of topics, from economic indicators to banking scandals and market dynamics. It’s clear that the financial world is full of surprises, challenges, and debates. Remember, the key to success in navigating these waters lies in staying informed, open to different perspectives, and willing to adapt to the ever-changing landscape. Until next time!

So, let’s dive into the world of finance and see what the headlines have to say. After examining 49 financial headlines, several patterns and themes start to emerge. It’s like putting together the pieces of a puzzle to get a clearer picture of what’s happening.

One hot topic in the news is the crisis in the banking and financial institutions sector. We see mentions of banks in crisis, with the Silicon Valley Bank’s collapse being a notable example. And it’s not just smaller banks feeling the heat – big players like JPMorgan and Credit Suisse are also in the spotlight for controversies and unexpected situations. The banking crisis seems to have a lasting impact, with industry leaders issuing warnings.

Regulation and oversight are also making waves. The U.S. SEC is taking steps to advance stock market overhaul proposals, indicating a push for greater accountability. European regulators are chiming in too, criticizing the way the U.S. is handling the Silicon Valley Bank situation. And let’s not forget the involvement of the Federal Reserve, which is making moves to deal with rate hikes and inflation.

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Now, let’s talk about the notable figures who are under scrutiny. One person who keeps popping up is Sam Bankman-Fried, signaling potential legal troubles and significant losses. But he’s not alone – other key figures and firms like Jamie Dimon, Liz Truss, and Citadel are also making headlines, showcasing their prominent role in the financial narrative.

Moving on to economic challenges, rising inflation rates in Germany and the Eurozone are causing concern. And it’s not just inflation – there’s also a declining real estate market, especially when it comes to residential and office properties. Economic indicators like U.S. GDP and home sales figures give us a glimpse into the broader economic landscape.

Market dynamics and challenges are also in the mix. We’re witnessing tech companies and Amazon losing substantial market value, raising eyebrows. The unchecked power of corporations is also a worry, as it is seen as a contributing factor to inflation. And let’s not overlook the significant gains or losses experienced by specific entities – for example, Blackstone’s property bets becoming shakier and Citadel recording record profits.

Water and real estate also make an appearance in the financial headlines, highlighting the intersection of finance and environmental concerns. Investors are snatching up Colorado River water rights, betting on scarcity. Moreover, repeated mentions of real estate defaults, particularly in office buildings, suggest a somewhat shaky real estate market.

Finally, ethical and integrity concerns are looming large. Whistleblowers, fraudulent practices, and allegations against major financial institutions and figures all point to a pervasive theme of ethics and integrity in the financial sector.

To sum it all up, these patterns suggest a period of significant financial instability, with potential misconduct and increasing regulatory oversight. We’re seeing a mix of macroeconomic challenges like inflation and GDP fluctuations, along with microeconomic issues at the institutional level, such as bank collapses and corporate fraud. It’s certainly an interesting time in the world of finance, with lots to keep an eye on.

On today’s episode, we covered a wide range of topics, including China’s capital flow restrictions, US corporate pricing fueling inflation, FTX’s owed $3.1B, Amazon’s $1T loss, ongoing developments in the Bronx, and a comprehensive look at financial headlines featuring banking crises, regulatory concerns, key figure scrutiny, economic challenges, market dynamics, water and real estate intersections, and ethical integrity concerns. Thank you for joining us on the Djamgatech Marketing podcast, where we delve into the latest marketing trends and provide insightful information – be sure to subscribe and stay tuned for our next episode!

Deciphering the Marketing Landscape: Latest Insights & Trends for 2023

The TOP 50 Finance Headlines of 2023: References

1- Reddit r/finance

2- https://rss.com/podcasts/djamgatecheducation/1182090/ 

3- Marketing & Finance Quiz

The TOP 50 Finance Headlines of 2023: Latest News

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Smart Savings: Top 10 Life Hacks to Lower Your Monthly Expense in USA and Canada

Smart Savings: Top 10 Life Hacks to Lower Your Monthly Expense in USA and Canada

Smart Savings: Top 10 Life Hacks to Lower Your Monthly Expenses

Living in the city can be exciting, but it often comes with a hefty price tag. So, how can we make the most of urban living without breaking the bank? Here are some tried-and-true tips from fellow city-dwellers on how to shave a little (or a lot) off your monthly bills.

1. Embrace Bulk Purchasing

  • Bulk Barn and the likes: Perfect for refilling items like spices at a fraction of the cost.
  • Eco-friendly Tip: Use reusable containers to cut down on packaging waste and save the environment.
    Top 10 Life Hacks to Lower Your Monthly Expenses
    Top 10 Life Hacks to Lower Your Monthly Expenses

2. Negotiate Your Service Plans

  • Loyalty doesn’t always pay: Regularly check for better deals and don’t hesitate to negotiate with your cable, phone, and internet providers.
  • Tip: Threaten to cancel (even if you won’t) and reference competitors’ deals to get your current provider to match or even beat those offers.

3. Shop Local and Smart

  • Local markets & independent grocery stores: Often offer fresh produce at lower prices than chain stores.
  • Beware: Some big brands, like T&T, might not offer the savings they once did.

4. Rethink Your Transport

  • Walk, Bike, Transit: Save on gas, car maintenance, and parking while benefiting your health.
  • Shopping Tip: Invest in backpacks, shopping trolleys, or bike panniers for bulkier items.
    Top 10 Life Hacks to Lower Your Monthly Expenses: rethink Transport - Walk, bike, transit
    Top 10 Life Hacks to Lower Your Monthly Expenses: rethink Transport – Walk, bike, transit

5. Become Your Own Barista

  • DIY Coffee: Use a French press, grinder, and scale to reduce your coffee expenses dramatically.
  • Big Spender? If you’re into gourmet coffee, investing in high-end machines can still save you money in the long run, especially if you’re a frequent drinker or entertain guests.

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Coffee Machine Descaling Solution - Made in the USA - 2 Uses Per Bottle - Universal Cleaning Descale
Coffee Machine Descaling Solution – Made in the USA – 2 Uses Per Bottle – Universal Cleaning Descale

6. Shop Sales for Non-perishables

  • Stock up: Purchase items on sale, even if you don’t need them immediately, and store for future use.

7. Maximize Membership Benefits

  • Costco & Cocowest.ca: These can be goldmines for savings.
  • Biking: Again, opt for biking over driving whenever possible.

8. Explore Community Resources

  • Libraries: They offer more than books – instruments, streaming services, magazines, and more.
  • Local Activities: Look for discounted or free local activities, such as skating or swimming. They’re great for both fun and fitness.

9. Prioritize and Scrutinize

  • Chest Freezers: Buy in bulk during sales, freeze, and use as needed.
  • Insurance: Regularly review your policies and negotiate for the best price without compromising on necessary coverage.

10. Make Big Lifestyle Choices

  • Ditch the Vehicle: Rely on public transport, walking, or biking.
  • Dining and Habits: Limit eating out, alcohol, smoking, and other unnecessary expenses. Focus on enjoying free or low-cost activities like parks, beaches, and hiking.

In Conclusion

City living doesn’t have to drain your wallet. By making informed choices, negotiating when necessary, and appreciating the simpler things in life, you can enjoy the urban experience while still maintaining a comfortable and sustainable budget. Remember, it’s not just about cutting costs but maximizing the value of every dollar spent.

Podcast:

Welcome to the Djamga Life Hacks podcast, where we are here to help you become the best version of yourself, save money, make money, and live stress-free. In today’s episode, we’ll cover tips for saving money while living in the city, including bulk purchasing, negotiating service plans, shopping local, rethinking transportation, DIY coffee, shopping sales, maximizing membership benefits, exploring community resources, prioritizing and scrutinizing expenses, and making big lifestyle choices.

Living in the city can be an exhilarating experience, but let’s be honest, it often comes with a hefty price tag. Rent, utilities, transportation, and entertainment expenses can add up quickly, leaving us feeling overwhelmed and wondering how to make the most of urban living without breaking the bank. Well, fear not! We’ve gathered some tried-and-true tips from fellow city-dwellers on how to shave a little (or a lot) off your monthly bills. So grab a cup of coffee, get comfortable, and let’s dive into these smart savings life hacks!

First up, embrace the power of bulk purchasing. Stores like Bulk Barn are perfect for refilling items like spices at a fraction of the cost. Not only will you save money, but you can also reduce packaging waste by using reusable containers. It’s a win-win for your wallet and the environment!

Next, it’s time to become a master negotiator. Loyalty doesn’t always pay when it comes to service plans. Regularly check for better deals and don’t hesitate to negotiate with your cable, phone, and internet providers. A little competition can go a long way. So, threaten to cancel (even if you won’t) and reference competitors’ deals to get your current provider to match or even beat those offers. You might be surprised at how much you can save just by having a conversation!

When it comes to shopping for groceries, think local and smart. Local markets and independent grocery stores often offer fresh produce at lower prices than chain stores. Not only will you be supporting local businesses, but you’ll also snag some great deals. However, beware of big brands that might not offer the savings they once did. So, shop around, compare prices, and make an informed decision.


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Now let’s talk about transportation. Walking, biking, and using public transit can save you a ton of money on gas, car maintenance, and parking fees. Plus, it’s a great way to stay active and benefit your health. Invest in backpacks, shopping trolleys, or bike panniers for those bulkier items, and you’ll be well-equipped to tackle your shopping needs. So, ditch the car and embrace a more sustainable and cost-effective way of getting around.

Are you a coffee lover? Well, becoming your own barista can save you a significant amount of money. Invest in a French press, grinder, and scale, and start making your own delicious coffee at home. You’ll be amazed at how much you can save in the long run. And if you’re really into gourmet coffee, consider investing in high-end machines. They may seem expensive upfront, but if you’re a frequent drinker or often entertain guests, they can actually save you money in the long haul.

Speaking of shopping, always be on the lookout for sales on non-perishable items. Stock up on necessities when they’re on sale, even if you don’t need them immediately. Store them for future use, and you’ll never have to pay full price again. It’s all about planning ahead and being a savvy shopper!

Let’s not forget the power of membership benefits. If you’re a Costco member, you already know the incredible savings that await you. Take advantage of bulk buying, discounted prices, and exclusive deals. Additionally, websites like Cocowest.ca provide valuable information and insights on cost-saving deals. And don’t forget about biking! Opt for biking over driving whenever possible. Not only will it save you money on gas, but it’s also good for the environment and your overall well-being.

Now, let’s explore the resources available in your community. Libraries are not just for books anymore. They offer a wealth of resources, including instruments, streaming services, magazines, and more. Take advantage of all the free or low-cost activities your local area has to offer. Look for discounted or free events like skating or swimming. They’re not only fun but also a great way to stay active without breaking the bank.

When it comes to managing your expenses, prioritize and scrutinize. Consider investing in a chest freezer and take advantage of bulk purchasing during sales. Freeze the extras and use them as needed. It’s a great way to save money on groceries in the long run. And don’t forget about your insurance policies. Regularly review them and negotiate for the best price without compromising on necessary coverage. You’d be surprised how much you can save with a little research and negotiation.

Lastly, let’s talk about making big lifestyle choices. Consider ditching the vehicle altogether and relying on public transportation, walking, or biking. Not only will it save you money on car-related expenses, but it’s also a greener choice. Limit eating out, alcohol, smoking, and other unnecessary expenses. Instead, focus on enjoying free or low-cost activities like visiting parks, beaches, and going for hikes. There’s so much to explore in your city without spending a fortune.

In conclusion, city living doesn’t have to drain your wallet. By making informed choices, negotiating when necessary, and appreciating the simpler things in life, you can enjoy the urban experience while still maintaining a comfortable and sustainable budget. Remember, it’s not just about cutting costs, but maximizing the value of every dollar spent. So go forth, implement these life hacks, and start saving today!

In today’s episode, we explored various ways to save money while living in the city, including bulk purchasing, negotiating service plans, shopping local, rethinking transportation, DIY coffee, shopping sales, maximizing membership benefits, exploring community resources, prioritizing and scrutinizing expenses, and making big lifestyle choices. Thank you for tuning in to the Djamga Life Hacks podcast, where we equip you with the knowledge to become the best version of yourself, save and make money, and live a stress-free life – make sure to subscribe and we’ll see you in the next episode!

References:

1- Life Hacks to save money in Vancouver

Deciphering the Marketing Landscape: Latest Insights & Trends for 2023

Financing Black Businesses in Canada and USA: Challenges and Opportunities

Afro-Canadian Black Entrepreneur and Engineer

Financing Black Businesses in Canada and USA: Challenges and Opportunities

What are the experiences of Black entrepreneurs in securing financing for their businesses and what role may alternative financing options (beyond financial institutions) in supporting the development and growth of Black enterprises?

Access to capital is a major challenge for entrepreneurs of all backgrounds, but studies have shown that Black business owners in particular  have historically face significant obstacles in obtaining financing for their businesses. This is due to systemic racism, discrimination and lack of access to traditional financial institutions. Despite these challenges, alternative financing options are available for Black entrepreneurs that can support the development and growth of their businesses.

According to a report by the National Black Chamber of Commerce, Black-owned businesses are less likely to be approved for loans than non-Black-owned businesses, and when they are approved, they often receive smaller loans at higher interest rates. This lack of access to traditional forms of financing has led many Black entrepreneurs to seek alternative financing options to support the development and growth of their businesses.

The Challenges Facing Black Entrepreneurs

Etienne Noumen: Afro-Canadian Software Engineer and Entrepreneur
Etienne Noumen: Afro-Canadian Software Engineer and Entrepreneur

A recent report from the Federal Reserve Bank of New York found that Black-owned businesses are less likely to receive loan approval than non-Black owned businesses. This is due to a combination of factors such as systemic racism, discrimination by lenders, and lack of access to traditional financial institutions (such as banks). Additionally, even when loans are provided to Black business owners, they tend to be smaller than those given to non-Black business owners.

Moreover, Black entrepreneurs tend not to have access to the same networks or resources as other entrepreneurs. These networks may include mentorships or incubator programs that can provide valuable advice and guidance on how best to manage finances or secure additional capital. Without these networks and resources, it becomes more difficult for Black entrepreneurs to secure financing for their businesses.

One alternative financing option that has gained popularity in recent years is crowdfunding. Crowdfunding allows businesses to raise funds from a large number of individuals, typically via the internet. This can be a particularly attractive option for Black entrepreneurs, as it allows them to bypass traditional financial institutions that may be less likely to lend to them. Additionally, crowdfunding can also be a way for Black entrepreneurs to build a community of supporters and customers around their business, which can be beneficial for long-term growth.

Another alternative financing option that has been gaining traction is community investing. Community investing allows individuals to invest in businesses that are located in their own communities, and can be a way for Black entrepreneurs to access capital from people who are more likely to understand and support their businesses. Community investing can also be a way for Black entrepreneurs to build relationships with local investors and stakeholders, which can be beneficial for long-term growth.

Microfinance is also a popular alternative financing option for Black entrepreneurs. Microfinance institutions provide small loans, savings, and insurance to low-income individuals and micro-businesses, which can be particularly beneficial for Black entrepreneurs who may not have access to traditional forms of financing. Microfinance can also be a way for Black entrepreneurs to build relationships with local financial institutions and access additional resources to support the development and growth of their businesses.

The Role of Government Agencies & Community Organizations

Government agencies such as the Small Business Administration (SBA) also play an important role in supporting the development and growth of minority-owned businesses. Through its Office of Minority Business Development (OMBD), the SBA offers resources such as business counseling services, technical assistance programs, mentoring opportunities, and more — all designed to help small business owners gain access to capital and advice on how best to manage their operations. There are also numerous community organizations across the country dedicated solely to helping Black entrepreneurs secure financing for their businesses—many through innovative partnerships with local banks and other financial institutions—to ensure access to capital regardless of race or ethnicity.

Financing Black Businesses in Canada and USA: Challenges and Opportunities – Conclusion

In conclusion, Black entrepreneurs have historically faced significant barriers in securing financing for their businesses. However, alternative financing options such as crowdfunding, community investing, and microfinance can provide Black entrepreneurs with access to capital and support for the development and growth of their businesses. It is important that we continue to support and invest in these alternative financing options to ensure that Black entrepreneurs have the resources they need to succeed.

Articles in this blog post have discussed why securing financing is often difficult for black-owned businesses due systemic racism and oppression in banking industry, some alternative sources available, and the importance /role played by government agencies/community organizations. It is evident that there is still much work that needs to be done in order for these disparities between white-owned businesses versus black-owned ones in terms of access to capital/financing. Alternative finance sources as well as government programs need increased investment so that Black owned business can get necessary funding required for them take off. We can only hope with time these issues will be addressed properly. Bring together all stakeholders including public sectors, private sectors, financial institutions and black entrepreneurship communities – we must work together create a robust ecosystem enables equitable access and opportunity needed help our local economies becoming strong and vibrant.

Examining the Fragmented Data on Black Entrepreneurship in North America

Resources about Black Entrepreneurs in USA and Canada:

Support Books and Business owned by Black Authors and Entrepreneurs in USA and Canada:

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World Cup 2022 Guide – World Cup History – World Cup Quiz

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What are some ways we can use machine learning and artificial intelligence for algorithmic trading in the stock market?

What are some ways we can use machine learning and artificial intelligence for algorithmic trading in the stock market?

What are some ways we can use machine learning and artificial intelligence for algorithmic trading in the stock market?

Machine Learning and Artificial Intelligence are changing Algorithmic Trading. Algorithmic trading is the use of computer programs to make trading decisions in the financial markets. These programs are based on a set of rules that take into account a variety of factors, including market conditions and the behavior of other traders. In recent years, machine learning and artificial intelligence have begun to play a role in algorithmic trading. Here’s a look at how these cutting-edge technologies are changing the landscape of stock market trading.

What are some ways we can use machine learning and artificial intelligence for algorithmic trading in the stock market?
What are some ways we can use machine learning and artificial intelligence for algorithmic trading in the stock market?

Machine Learning in Algorithmic Trading

Machine learning is a type of artificial intelligence that allows computer programs to learn from data and improve their performance over time. This technology is well-suited for algorithmic trading because it can help programs to better identify trading opportunities and make more accurate predictions about future market movements.

One way that machine learning is being used in algorithmic trading is through the development of so-called “predictive models.” These models are designed to analyze past data (such as prices, volumes, and order types) in order to identify patterns that could be used to predict future market movements. By using predictive models, algorithmic trading systems can become more accurate over time, which can lead to improved profits.

How Does Machine Learning Fit into Algorithmic Trading?

Machine learning algorithms can be used to automatically generate trading signals. These signals can then be fed into an execution engine that will automatically place trades on your behalf. The beauty of using machine learning for algorithmic trading is that it can help you find patterns in data that would be impossible for humans to find. For example, you might use machine learning to detect small changes in the price of a stock that are not apparent to the naked eye but could indicate a potential buying or selling opportunity.

Artificial Intelligence in Algorithmic Trading

Image

Artificial intelligence (AI) is another cutting-edge technology that is beginning to have an impact on algorithmic trading. AI systems are able to learn and evolve over time, just like humans do. This makes them well-suited for tasks such as identifying patterns in data and making predictions about future market movements. AI systems can also be used to develop “virtual assistants” for traders. These assistants can help with tasks such as monitoring the markets, executing trades, and managing risk.

According to Martha Stokes, Algorithmic Trading will continue to expand on the Professional Side of the market, in particular for these Market Participant Groups:

Buy Side Institutions, aka Dark Pools. Although the Buy Side is also going to continue to use the trading floor and proprietary desk traders, even outsourcing some of their trading needs, algorithms are an integral part of their advance order types which can have as many as 10 legs (different types of trading instruments across multiple Financial Markets all tied to one primary order) the algorithms aid in managing these extremely complex orders.

Sell Side Institutions, aka Banks, Financial Services. Banks actually do the trading for corporate buybacks, which appear to be continuing even into 2020. Trillions of corporate dollars have been spent (often heavy borrowing by corporations to do buybacks) in the past few years, but the appetite for buybacks doesn’t appear to be abating yet. Algorithms aid in triggering price to move the stock upward. Buybacks are used to create speculation and rising stock values.

High Frequency Trading Firms (HFTs) are heavily into algorithms and will continue to be on the cutting edge of this technology, creating advancements that other market participants will adopt later.

Hedge Funds also use algorithms, especially for contrarian trading and investments.

Corporations do not actually do their own buybacks; they defer this task to their bank of record.

Professional Trading Firms that offer trading services to the Dark Pools are increasing their usage of algorithms.

Smaller Funds Groups use algorithms less and tend to invest similarly to the retail side.

The advancements in Artificial Intelligence (AI), Machine Learning, and Dark Data Mining are all contributing to the increased use of algorithmic trading.

Computer programs that automatically make trading decisions use mathematical models and statistical analysis to make predictions about the future direction of prices. Machine learning and artificial intelligence can be used to improve the accuracy of these predictions.

1. Using machine learning for stock market prediction: Machine learning algorithms can be used to predict the future direction of prices. These predictions can be used to make buy or sell decisions in an automated fashion.

2. Improving the accuracy of predictions: The accuracy of predictions made by algorithmic trading programs can be improved by using more data points and more sophisticated machine learning algorithms.

3. Automating decision-making: Once predictions have been made, algorithmic trading programs can automatically make buy or sell decisions based on those predictions. This eliminates the need for human intervention and allows trades to be made quickly and efficiently.

4. Reducing costs: Automated algorithmic trading can help reduce transaction costs by making trades quickly and efficiently. This is because there are no delays caused by human decision-making processes.

Leveraging Artificial Intelligence To Build Algorithmic Trading Strategies

To conclude:

Machine learning and artificial intelligence are two cutting-edge technologies that are beginning to have an impact on algorithmic trading. By using these technologies, traders can develop more accurate predictive models and virtual assistants to help with tasks such as monitoring the markets and executing trades. In the future, we can expect machine learning and AI to play an even greater role in stock market trading. If you are interested in using machine learning and AI for algorithmic trading, we recommend that you consult with a professional who has experience in this area.

CAVEAT by Ross:

Can it predict?

Yes, to a certain extent. And let’s be honest, all you care about is that it predicts it in such a way you can extract profit out of your AI/ML model.


AI Unraveled: Demystifying Frequently Asked Questions on Artificial Intelligence (OpenAI, ChatGPT, Google Gemini, Generative AI, Discriminative AI, xAI, LLMs, GPUs, Machine Learning, NLP, Promp Engineering)

Ultimately, people drive the stock market. Even the models they build, no matter how fancy they build their AI/ML models..

And people in general are stupid, and make stupid mistakes. This will always account for “weird behavior” on pricing of stocks and other financial derivatives. Therefore the search of being able to explain “what drives the stock market” is futile beyond the extend of simple macro economic indicators. The economy does well. Profits go up, fellas buy stocks and this will be priced in the asset. Economy goes through the shitter, firms will do bad, people sell their stocks and as a result the price will reflect a lower value.

The drive for predicting markets should be based on profits, not as academia suggests “logic”. Look back at all the idiots who drove businesses in the ground the last 20/30 years. They will account for noise in your information. The focus on this should receive much more information. The field of behavioral finance is very interesting and unfortunately there isn’t much literature/books in this field (except work by Kahneman).

Best and worst performing currencies in 2022. Russian Ruble is number one – Russian Stock Market Today

r/economy - Best and worst performing currencies in 2022. Russian Ruble is numba one.

Is it better economically to run a car into the ground before buying a new one? Data driven answer

Old car or new car

Is it better economically to run a car into the ground before buying a new one? Data driven answer

Is it better to drive your car into the ground before buying a new one? You might think that’s an odd question, but there’s some logic to it. We all know cars are expensive, and many people feel they have to buy a new one as soon as theirs starts to show its age. But is that really the best way to go? Let’s take a closer look at the numbers.

It might be more economical to run your car into the ground before buying a new one. Sure, you’ll have to deal with a few mechanical problems along the way, but at least you won’t have to worry about depreciation costs. Plus, you’ll get the added bonus of being able to tell your friends and family that you’re driving a “classic.”

The advice I’ve always had (and followed) is that you should always EITHER:

  1. Buy a new car – keep it for 3 years – then trade it for a new one….OR…
  2. Buy a new car and keep it until it goes to the car crusher.

Let’s see how economics work out with an actual example…

WE’RE GOING TO NEED SOME DATA:

This graph must depend a bit on make and model – but it’s probably a good average:

Is it better economically to run a car into the ground before buying a new one? Data driven answer
Is it better economically to run a car into the ground before buying a new one? Data driven answer

Looking at that graph you’re going to pay about…

  • $2,100 on maintenance over the first 5 years
  • $5,150 in the next 5
  • $8,800 in the next 5
  • $10,300 in the last 5.

For depreciation:

Is it better economically to run a car into the ground before buying a new one? Data driven answer
Is it better economically to run a car into the ground before buying a new one? Data driven answer

(15% seems kinda optimistic…but depending on the kind of car you buy – it might be OK)

When you look at your car payments – if you finance over 5 years then for a cheap $25,000 new car (A Camry or an Acura or something similar)…you’ll have somewhere around a $500 monthly loan payment over 60 months – so you’re actually paying $30,000 for the car – the rest being interest on the loan.

  • So in the first 5 years you spend $30,000 on payments and $2,100 on maintenance for a total of $32,100.
    • If you sell after 5 years: with depreciation – you get $10,000 back from selling the car – so it cost you $22,100 to have a car for 5 years…or $4,420 per year.
  • After 10 years, you spent $32,100 so far plus another $5,150 in maintenance for a total of $38,250.
    • If you sell after 10 years: you’ll get about $4,500 back so $33,750 to have a car for 10 years…or $3,375 per year.
  • After 15 years, you spend $38,250 so far plus another $8,800 in maintenance for a total of $47,050.
    • If you sell after 15 years: you’ll maybe get $2,000 – so $45,050 to have a car for 15 years…or $3,000 per year.
  • After 20 years, you spent $47,050 so far – plus $10,300 in maintenance (eek!) for a total of $57,350.
    • Nobody will buy your PoS car now – but on the plus side, the breaker’s yard will probably tow it for free – so $57,350 to have a car for 20 years…for a total of $2,867 per year.

So the cost to own a car per year (on average) is the least if you keep it until it goes to the car crusher.

This is where that original claim comes from – and it’s true.

WHAT IF YOU SELL AFTER JUST THREE YEARS?

  • Car payments are now $750/month over 36 months (MUCH higher than financing over 5 years!) – so you pay $27,000 in total (not much less than the $30,000 you’d have paid over 5 years!). But depreciation means that the car is now worth $15,000 and maintenance is zero. So you spent $12,000 over 3 years – which is $4,000 per year.

…which is LESS per year than keeping the car for 5 years.

PARTIAL CONCLUSION:

These numbers are VERY approximate – maybe you buy a more expensive car and it depreciates faster – maybe you find a crazy reliable car and nurse it along to 25 years. Maybe engine and transmission failure happen simultaneously at year 15 and it goes to the crusher early.

But if we look at my scenario…which is based on industry norms if you swap your car out every 5 years, it’s going to cost you $4420 per year and if you keep it for 20 years, it’s costing you $2,867 per year. So on strict economic terms you should always run your car into the ground.

However, the difference between $4000/year (swap your car every 3 years) and $2867/year is $1133/year or $94 per month.

You could not pay me $94/month to spend most of my life driving crapped out wrecks compared to driving an almost new car all the time.

Just the time I’d spend fritzing around trying to get my 20 year old car to start on a cold, damp morning isn’t worth $94/month.

IMHO – THIS WHOLE EXERCISE IS KINDA SILLY:

People who can afford to buy a new car are not going to worry too much about $94/month to keep replacing it. It’s not that big of a deal.

People who live close to paycheck-to-paycheck probably can’t (and certainly SHOULDN’T) buy a new car to begin with – and in that case, buying a car that’s already done most of it’s depreciation is a much smarter tactic.

If you can’t afford a new car – buy a 5 year old car – for less than half price. Your maintenance costs will be twice what a new car costs – but that’s peanuts compared to a full car payment.

FINAL THOUGHT: THE STEVE JOBS APPROACH:

Steve Jobs famously replaced his car every six months – with an identical car each time. He actually had a standing order with the car dealership – so he didn’t even have to think about it – they’d just drive to his house or his office with a new car and drive away the “old” one.

For years he drove a long run of black Porsche 911’s but did switch to a long number of black Mercedes SL55s.


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But this is madness! A car loses 10% of it’s value during the first 20 feet as you back it out of the parking space at the dealership!

But the Steve Jobs story is weirder:

In California, you don’t need a proper license plate for 180 days – you can drive on the temporary dealership plates, so by swapping out his cars every 6 months, he never had to go to the DMV to pick up his replacement plate. Looking at how much his time was worth – that wasn’t such a dumb idea. Jobs was earning upwards of $100 million per year – that’s $50,000 an hour. Going to the DMV for an hour cost him MUCH more than replacing the car!

This seems like a stupid story – but there is an underlying message here. While we look at those ever increasing maintenance costs over years of car ownership – each one comes with a penalty in time and stress.

In later years, the car probably breaks down – or won’t start – and you’d have to get it to a mechanic and sit around for an hour or two (or even be without a car for a few days) while you get it fixed.

How much do you value your time? $5/hour? $50/hour?

When you factor THAT in – then having a worry-free effortless new car can easily be worth the cost of swapping it out every 3 years.

Source: Steve Baker

Top 20 Comments:

1- Or buy a 3 year old Japanese (or nowadays a Korean would do) car, having let someone else take the bulk of the depreciation, and run it on a shoestring for the next 15 years, when it’s more likely the driver will clap out before the car does.

2- Everyone says this but when I tried to do it I couldn’t find one. It seemed like the only people selling 2–3 year old cars were rental agencies. Is it worth the risk of buying a former rental? I didn’t but it could be totally fine I guess.

3- Rental companies sell their cars early so they don’t have to maintain them very well. The people who rent them also don’t drive them gently – because they don’t care. So buying a rental car seems like a bad idea.

4-

Seems to me there are some significant things you have ignored or just plain got wrong. You say it’s only $94/month difference between 3 year ownership and 20 year ownership but doesn’t your calculation require that you only pay $25,000 every 3 years when you replace your car? Does that mean you have to keep buying less expensive cars or did you just ignore increasing prices because it didn’t fit with your conclusion?

What about other costs which would be less with an older car, for example insurance and excise taxes, if applicable where you live. Also depending on where you live there may be significant sales tax due every time you buy a new car

I don’t expect your analysis to be perfect or all encompassing but I think you have substantially understated the cost differential of owning a car for 3 years vs 20 years

5- The model is simplified. In the real world, most of those variables are unknowns with a heap of “it depends”. Car prices and maintenance/parts are both impacted by inflation, but that effect can be completely dominated by supply/demand issues specific to the item in question, e.g. they stop making a specific part, your particular vehicle increases in popularity; or the old car has lower insurance, but new car has better gas mileage, etc.

6-Yeah – you can NEVER know for sure. My simplified model makes it easier to discuss and think about the consequences of depreciation versus maintenance. In reality, you need to check how the car you’re buying depreciates – and what it costs to maintain. Once you know that – you can run through the same thought processes that I did and deduce what is right in your situation.

A HUGE part of this is how many miles you drive – depreciation is a mix of mileage and age.

7- I don’t understand why all the maintenance is needed. I ran a Toyota Prius till it was 14 years old and I spent around £350 a year on maintenance including servicing. I’ve just bought a 3 year old Honda Jazz that I fully expect to run for another 10 years at similar yearly costs. Drive it gently and keep under the speed limit.

8- That graph comes from a statistical analysis of what an average car needs. There are always going to be a few people who do better than that – and a few that do a hell of a lot worse.

So your anecdotal one-off proves nothing.

9- Looks like the maintenance costs are too inflated for older cars. If one needs to put in 10000 dollars in maintenance a year, it is time to let this car go. But I’ve see enough examples when cars were running for 10 years or more with just basic maintenance, not needing a new transmission or any major repairs. Good strategy could be to buy a 2–5 year old car for a fraction of a new car cost, and then run it into ground.

10- I drive Toyota Corollas. Exclusively. The one I have now is a 2017 and it cost me $17,000. Had 11,000 miles on it when I got it. Paid off in 18 months. Almost nothing to maintain except oil changes, new brakes, and one set of tires so far. Goal is to get 300,000 miles out of her like I did the previous ones. I will drive it until the wheels fall off. Or the air conditioning breaks. I do live in the South.

11- Very well thought out. I came to the conclusion that I am in the switch out every 3 year category now. The peace of mind of always having a warranty is worth it if you can afford it in my humble opinion.

12- One major point to add. The hot-potato risk of a major service issue can greatly accelerate the crusher date, and those last 10 years can be a toss up, fix or crush.

13-

I think your maintenance figures are too high. But, using your own figures exactly:

Buy at 5 years, keep another 15: ((10000+(10300-2100))/15 = $1213/year

Buy at 10 years, keep another 10: (4500+(10300-5150))/10 = $965/year

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Buy at 15 years, keep another 5: (2000+(10300-8800))/5 = $700/year

I bought my previous car here in NZ, a 1997 Subaru Outback, in 2012 for US$2.5k, and sold it in 2019 for $600 (22 yr old). There was very little maintenance. I replaced the head gaskets in the same year I got it (planned). $2k? At some point the AC started leaking and it took a couple of refills to find and fix the leaks (first refill with a dye included, so the leaks could be seen before the 2nd refill). No biggie. $500 total? In 2018 something seized in the brakes on one wheel and started dragging. Again, a couple hundred bucks to fix. Aside from that, just regular servicing.

My current car is a 2008 Outback, bought in May 2020 for US$6k with 54,000 miles. So far the only unscheduled thing is a $15 A/C control relay. Beautiful car. Limited 2000 unit production Subaru 50th anniversary model. 265 HP STI turbo engine (0–60 in 5 seconds), “Touring” cabin spec, modern safety features such as dynamic cruise control, pre-collision braking, lane departure warning (in 2008!). Going to keep this thing a long long time. 富士重工業株式会社 ニュースリリース | ニュースリリース | 株式会社SUBARU(スバル)

14-I enjoy your answers Steve:)

The only exception to that I’ve experienced is buying a used electric vehicle. I purchased a very low mile (13k) 3 year old EV lease return and have had zero maintenance on it except for tires. I spent 9k on it still have it. It was paid off early because of the savings and I could probably get around 5k for it at 10y/o. Of course whoever has to replace the battery would get that cost so it might break even using your calculations. I plan to run it into the ground including using it as a storage battery for my off grid solar.

15- My wife and I are leasing a vehicle at the moment. It’s probably the best decision we’ve made regarding transportation. We drive a new car for three years, the dealer pays for all major maintenance while we only pay for oil changes and when the time is up, we give it back and get a new one. We pay one fixed monthly price for a reliable, safe and more fuel efficient vehicle. This actually costs us less than when we drove a used vehicle that would break down randomly throughout the year and would require expensive repairs, not to mention days without a vehicle. Still, people try to tell me how I’m a sucker because I went to the dealership. But the dollars don’t lie: I save far more money doing it this way. Unless of course I am going to steal all of my new vehicles. That would be a lot cheaper, until I was caught at least!

16- I like answers like this with real figures. They give sense of scale and change so nice one!

Side note is RVs or motorhomes, as called in UK, have weirder curve. As highly customized from new much steeper curve over first 3 years. Then long time flat up to 15 years. Then kind of afterlife up to 25 years.

Why excited about Tesla Truck, if ever happens. With RV conversion could last forever.

17- For me it is also stressful to spend time looking for a new car. Trying different models, find a good deal, compromising on this and that. Some people like this part, but I don’t.

So for me the optimum is to get rid of it before the stress occasionally bad news from the mechanics.

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Ans: Find one brand/type that you like and stick to it. I owned 7 MINI Coopers in a row. The only decision each time was what color do I want this time?

I’ve now switched to Tesla as my go-to-brand – but I’ll do the same. However, the depreciation curve for Tesla’s is much more gentle – and they need almost no maintenance – and will likely last for 500,000 miles, not 200,000. So I won’t be replacing them every 3 or so years. Probably every 5? We’ll see. Right now, my 3 year old Tesla is worth $2,000 MORE than I paid for it…and is indistinguishable from a brand new Tesla. So there’s no way I’m replacing it right now.

18- In my experience, it’s only worthwhile for people to keep their cars until they have paid off the financing – assuming you haven’t done something stupid like financed over 72-84 months. If you need to do that to keep the payments down, you couldn’t afford the car in the first place.

Beyond that, it only makes sense to keep old vehicles if you are able to repair them yourself. In my case, since I do 90% of the post-warranty repair work on cars I own, I buy vehicles intending to keep them until they disintegrate into a pile of brown powder out there in the yard. My current vehicles are 7, 20, 22, and 23 years old. In the past 3 years I’ve sold off other cars I owned that were 21 and 18 years old.

19-

Interesting analysis, but I think that your data on depreciation is too dramatic.

None suffer 50% depreciation after only 5 years, and in fact some hardly suffer 20% after 5 years. Certainly, 15% per year is too much.

 
 
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19- These monetary and time cost are virtually worthless. I have never purchased a new car for my own use for decades and have never incurred those types of maintenance expenses. I have always had nice cars. My last was an awesome Lincoln Mark VIII and my current is a very nice Silverado crew cab. My wife always insist on a new car. They have constantly been in the shop for scheduled maintenance and odd issues that pop up and the dealers can’t seem to resolve. German cars seem to really rack up annual maintenance cost, and dealing with their service departments is a lesson in extortion.

 

Her current vehicle is a Ram Big Horn with an A/C system that has a slow leak they cannot seem to fix and a bizarre wind noise that is also elusive. It’s under warranty, but constant trips to the dealership are a constant hassle. All while my 2007 Silverado Classic just rolls right along without any problems.

20- Beautiful analysis. Very insightful thank you. So one question? If the vehicle/truck is used to create dinero, then these stats obviously go out the window correct? Not trying to take away your analysis which is great. Just thought I would add this little wrench in the engine…no pun intended:-)

What car would be the optimal balance between affordability, speed, exoticness and parts availability?

A VW Golf would be cheap and parts would be readily available, but it would hardly be exotic or particularly fast.

Conversely, something like, say, a Lamborghini Diablo SV would undoubtedly be fast and exotic, but running the thing and replacing parts would be horribly costly and difficult.

What car ticks a balanced box between all these?

Consensus is:
– if in the US, a C4-C7 Corvette, preferably a Z06 or ZR1

Engines are cheap and easy to modify, can pull around 1 g on the skid pad depending on setup, dirt cheap on the used market.

– If in Europe, a 996 or 997 Porsche 911.

A mid 2000s Porsche. (996)

They’re reliable, relatively cheap meaning you could buy 3-4 entire fully running models for less than 10k each, and use them for parts, they’re exotic and have a more timeless appearance than most cars from that time. As for speed, they can go top to 177 mph!

At what miles does a car start to wear and break down?

  • Toyota, Lexus, Daihatsu, Honda, Subaru, Suzuki,  Volvo: 300,000
  • Audi, BMW, Mercedes, Lincoln, VW, Skoda, Seat, Mazda, Mini: 250,000
  • Ford, Buick, Chrysler, Dodge, Land Rover: 200,000
  • Opel, Chevrolet, Peugeot, Citroen, Dacia, Smart: 150,000
  • Renault, Fiat, Lada: 100,000 – on a good da, though I know of many examples of people throwing in the towel with one of these only a few weeks old.

Source: Here

While the mechanics of  fancy vehicles like Mercedes, BMW, Lincoln may be designed to last longer than most, the fatal flaw is that the electronics are buggers and will make the car useless long before the cylinders give up the ghost.

Caveat:

All those makes with proper maintenance will go much longer if you

  • Change coolant every 5 years or less
  • Change oil religiously with an excellent synthetic oil at proper intervals, and use OEM filters
  • Service  automatic transmissions at 50k miles
  • Change differential and transfer case oils at 100k
  • Check hoses belts and replace if necessary at 100k miles


Algorithm and Tricks to save up to 30 cents per litre on Gas in USA and Canada

Algorithm and Tricks to save up to 30 cents per litre on Gas in USA and Canada

Algorithm and Tricks to save up to 30 cents per litre on Gas in USA and Canada.

Looking to save a few cents per litre on gas in the USA or Canada? Here are a few tips and tricks that can help you do just that.

First, make sure you’re using the gas rewards program at your local gas station. By using a gas rewards card, you can earn points that can be redeemed for discounts at the pump. Additionally, many gas stations offer coupons and promotions that can save you money on gas purchases. Be sure to check the gas station’s website or app for any current offers.

Second, consider carpooling or taking public transportation when possible. This will help you save on gas costs and may even improve your fuel economy. If you must drive, try to consolidate your errands into one trip instead of making multiple trips. This will also help you save on gas.

Finally, keep your car well-maintained. A well-tuned engine can improve your fuel economy by up to 4%. Additionally, properly inflated tires can also improve your fuel economy by up to 3%. By following these simple tips, you can easily save up to 30 cents per litre on gas in the USA and Canada.

Gas is getting very expensive and we are trying to help consumers save on Gas by providing you daily tricks to help you save up to 30 cents per litre on Gas in USA and Canada.

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Tricks to save up to 30 cents per litre on Gas in USA and Canada

1- Go shop for Food at Safeway and get an automatic 15 cents per litre discount at Safeway Fueling stations

2- To get 30 cents discount at Safeway Fuel stations, use the code below based on Epoch:

[Day]-800-[random 5digits]

Example:  Safeway 16 to 30 cents cents off gas code

  • For July 16 2022, so the  Epoch Day is:  197
  • A random 5 digits  (Change the 5 digits if it doesn’t work. )
  • So a Coupon to save 30 cents per litre at Safeway Gas Station on July 16, 2022 is:   
  • 197-800-263944
  • (Remember to change the random 5 digits until it works)

3. Purchase Discount Gift Cards for Gas

Rewards card – Cashback

You can discover a great deal of rebate gift vouchers for gas on the web. These will work all things considered Shell, Gulf, and Mobil stations. They will spare a couple of dollars for each buy, yet that can add up to enormous reserve funds on a yearly premise.

The Optimum program is one of the better value points programs. And the points convert to cash discounts on stuff you buy every day, rather than air travel and catalogues full of slightly aged-out consumer trinkets that you don’t really need.

PC Optimum savings on gas
PC Optimum savings on gas

If you are a Costco member and also optimum member, which option gives you the most savings?

 From a quick google of prices in my area it looks like the average price is around $2/L and Costco is currently around $1.75. The value of the Optimum program is more that you can keep your eye out for specials and earn points which can then be put toward gas purchases. But the basic earnings of 10 pts/litre (1¢ equivalent) and redeem up to 4,000 pts ($4 equivalent) aren’t anywhere near 25¢/litre. If you don’t mind the lines 😉

If you have one near, try to fuel up at Mobil gas instead of Esso. Esso provides 15 points per liter, Mobil gas provides 35 points per liter.

I used to have a work vehicle that I filled with Mobil gas, on the company credit card, got approx. 30 dollars of free groceries from Loblaws every week because of this practice.

Which card gives 10% cash back at the moment?

TD , CIBC and Scotia all have one right now. It’s 10% cashback on purchases up to $2000 in the first three months.

I use CIBC Dividend card not only do I save on gas (.03 off a litre till you get 300l then .10 off one time and then it resets) but earn Cashback everywhere. Last yr I earned about 580 Cashback this yr I’m over 200 right now.

I bank with CIBC as I use my card I pay it off same day so never paid interest.

Note that your max yearly cash back for the 4% (gas and groceries), 2% and 1.5% categories is $800 (4% of $20,000). After $20,000 yearly spend, the 4% cash back ends, and is replaced with 0.5% on all purchases. In other words, if you spend on any of the other categories, you won’t get the $800, because you’ll hit $20,000 total spend before you hit $20,000 on gas and groceries.


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I got a Rogers World Elite card, and use it for all purchases except gas and groceries, for 1.5% cash back. I use the cibc dividend card only for gas and groceries for 4% cash back.

CAA members save 3 cents per L at all shell stations. And they use air miles.

4. Drive Sensibly

Quick quickening and short explosions of speed can cost you a ton with regards to gas. Slow and reliable movement is constantly favored over aimless driving. Land Rovers, for example, can show signs of improvement mileage utilizing journey control. Practice smooth driving and you’ll certainly set aside some cash with improved gas mileage.

5. Time Your Trips to the Gas Station

Gas costs can ascend on Thursdays because of high odds of end of the week travel. To keep away from these expanded costs, top off the tank before Thursday or on significant occasions.

6. Utilize Your Smartphone to Find the Cheapest Gas Station

Your cell phone is for something other than perusing Facebook and Instagram. Use it to locate the least expensive gas in your general vicinity. Applications like AAA Triptik and GasBuddy will assist you with finding the closest and least expensive fuel. gas

Something I’ve noticed with the gas saving apps… many times the prices are wrong. I show up at a station, and end up refueling anyway, and then a few minutes later I see it has been put back to the “fake low price”.

I think owners are gaming the system in order to draw people in.

7. Get a Gas Rewards Card

Too few have a gas rewards card. It resembles not getting a prizes plan regardless of whether you’re a long standing customer. There are a great deal of sites out there that can acquaint you with bargains for fuel rewards. You can get free gas on the off chance that you gather enough focuses, so why not? Pursue that prizes card!

8. Try not to Leave Your Engine Idling for Very Long

Close off your motor in case you’re not going anyplace. You’re squandering gas, and you’re dirtying nature.

9. Deliberately Use Cards or Cash

money or credit

A few service stations charge a premium on the off chance that you pay with Visas, however some give you limits on them. Discover and use what you can to set aside cash.

10. Keep up Your Car

Keeping your vehicle kept up is the manner by which to get a good deal on gas over the long haul. In the event that you have a clunker or a vehicle that you treat severely, it will have awful mileage. Simply keeping your tires expanded can improve your gas mileage by 3.3%. So focus on your support.

11. Be Picky

Corner store

Quit heading off to the corner store near your home or the interstate so you can get it over with. This can cost you almost 15 pennies more for every gallon. Discover a corner store that has modest costs and stick with it.

11. Try not to Overload Your Car

over-burden vehicle

This is an easy decision, however it needs strengthening. In case you’re hauling around as long as you can remember in your vehicle, quit doing it. Clearly the heavier your vehicle gets the more gas it will require to cover a similar separation. Just keep the minimum necessities in your vehicle. Leave the rest at home.

This application gets you 40/cents per gallon money back at several gas stations. Average individuals are getting paid hundreds, and expert drivers are getting thousands with this application that gets you 40cents money back on each gallon of gas!”

12. Drive more slowly and think ahead and use motor braking.

The amount of time you win for speeding is so little compared to the amount of fuel you are going to save.

13. Plan out grocery trips for longer times. Instead of going a few times a week to pick up a couple things, go once every 2-3 weeks with a list of everything you’ll need for that timeframe.

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14. Drive the smallest stick shift diesel available. Press in your clutch on downhills, especially long ones on the freeway. Play a game where you try to put as little foot on the gas.

15. Buy a more fuel efficient car. That makes the biggest difference.

16. Drive less. Combine trips. Carpool. Walk. Bicycle. Take public transit.

Do things (including many types of work) that can be done over a wire, over that wire, instead of driving to it. Drive a more fuel-efficient vehicle. If people would bother to think about when all of these might be possible, they would find that they generally are possible.

16. Limit discretionary driving. 

I have a gas-powered SUV and paid nearly $60 to fill its tank last week. I no longer drive around town just for the hell of it—I have to be strategic. Instead of driving to Target or Walmart for household goods and groceries, I order these necessities for delivery via Amazon. If I do need to drive to one part of town, I hit all the shops in that area at once and act as if I won’t be back for weeks. Ultimately, I am driving with intent—every trip has a purpose.

17. Tyres

Find the Tyre pressure placard in your car and make sure your tyres are pumped up to the correct pressure.

Try and do this when you have driven the car for less than 5 minutes. hot air expands and will give a false reading if the tyres are hot. do it when it is cold. Do NOT pump them up to the max pressure listed on the side of the tyre.

Keeping your tire pressure perfect is not only a safety measure but also helps in Saving Fuel as the right amount of tire pressure will reduce the friction with the road.

Tips- Tire pressure check is free on every petrol pump, but it does not mean it’s useless. Make Use of It every time you can.

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Actually, over-inflate your tires for best gas mileage.

The number on your door is the recommended pressure. The max pressure on the tire is the “do not exceed” number. Something in between is fine.

The drawback is that you’re going to wear out the middle of the tire quicker than the sides (because it’ll dome a bit from the higher pressure if you don’t have enough weight to force it flatter again). This might be noticeable after years.

But tires aren’t that expensive, and fuel is. You’ll pay off the small reduction in tire life with the bigger reduction in fuel use (and, especially if you’re in a pinch today, you could kind of consider it a deferred expense). And, it’s a small change you can always taper off again later.

A side effect will be a slightly harsher ride, and slightly less grip (not great for the winter).

Roughly speaking, 50% of your gas usage comes from rolling resistance in the tires, the other 50% from air resistance. At city speeds, tires and starts/stops make up most of your gas cost. Around 2/3, 3/4 of highway speeds is where air resistance takes over. Above 60mph/100kmph is where you really start to gobble fuel disproportionately (10% faster uses 33% more fuel).

Avoid where you have to use the brakes. Any time you use the brakes you’re wasting all the energy you had to put into accelerating the vehicle. In stop/go traffic, this is most of your fuel use. So instead of racing forward to fill gaps and then have to stop, just drive half the speed, steadily. If you see the light is red, get off the gas and coast, don’t accelerate up to it and then hit the gas. Careful you’re not blocking turning lanes by driving slower, just because you’re stopping at the lights doesn’t mean everyone behind you is.

In short… there’s no free lunch here. If there were ways to save money on gas, those would already be things we’re doing. All the little tips and tricks might add up to 20%, which is like… where gas prices were a month ago.

The only easy way to save money on gas is to drive less.

18. Lose weight.

Get rid of any excess stuff you have in your car. Every extra kilo costs money to haul around. Same goes for aerodynamics. those roof racks you never use? take them off!

19. Change your driving style.

So many people these days drive aggressively. stamping your foot to the floor whenever you accelerate is both unnecessary and burns far more fuel than using 50 or 75% throttle. there are other throttle positions than 100%!

Instead of speeding up to close any gap in front of you. leave it there and coast a bit. someone may change lanes, who cares? watch ahead, if cars start braking ahead, take your foot off the throttle early and coast a bit instead of riding the car in front of you constantly braking and accelerating.

20. Drive smoothly. it’s amazing how big of a difference driving style makes to fuel consumption.

21. Engine Air Filter

Make sure the engine air filter is clean, dirty air filters make for poor fuel consumption.

22. Premium Fuels

Only go for premium fuels if the car company suggests you to. Otherwise, you are just increasing the cost of fuel and increasing the overall running cost of your car. Well, it’s a myth that premium fuel will help you save more fuel and increase the mileage of your car It’s False.

Tips- Buy Normal Fuel, Premium fuel burns more and adds more price and Same less Fuel.

23. Cruise Control

Using cruise control on the highway will provide a smooth ride with a little bit of constant acceleration. Ultimately it will add to your mileage and save you a lot of fuel.

24. Race Peddle Control

If you keep a soft foot on the peddle you will always Save lots of Fuel. When we use a hard foot car consumes the maximum amount of fuel that needs to generate the power we want.

Tips – After attaining a speed of 70-80 try losing your foot maintaining the race paddle at the fixed position where the acceleration is almost zero.

25. Keep RPM Low

Higher RPM means higher fuel consumption and Lower RPM helps in Saving Fuel providing a safe feeling to every passenger in the car.

Tips- Remember you can only create a very little difference in time if you drive fast keeping your speed and RPM high. But you can’t save more than 5 Min as per the traffic on the roads these days. Keep it Low to Save Fuel.

26. Save Fuel by Driving Smart

Driving consciously and safely will always help in maintaining the mileage of a car and Save Fuel. Avoiding unnecessary fast pickups and jackrabbit stops will always help in saving fuel.

Tips – Easy and Safe driving will help in Saving Fuel and driving safety.

27. Overlooked button on your car may help save on gas

The ‘Air Recirculating’ button on your A/C might cool off your car faster and save you a little gas. On most cars, trucks, and SUVs the air recirculation button is easily identifiable, with its representing symbol of a half-circle inside of the outline of a vehicle. Many people say they’re aware of the button, but are not sure when it should be on or off.

Algorithm and Tricks to save up to 30 cents per litre on Gas in USA and Canada
Algorithm and Tricks to save up to 30 cents per litre on Gas in USA and Canada

Another function of this climate control system is to stop pollution and exhaust fumes from entering the vehicle. Having this button activated will also help to greatly reduce pollen when driving, which is a big positive if you suffer from outdoor allergens.

“If you don’t switch the air recirculation button on, then your car’s air conditioning will be constantly cooling warm air from outside your vehicle, and will have to work much harder, putting more stress on the blower and air compressor,” said Ruhl.

Another benefit to using the air recirculation feature is the money you could save on gas.

“Cars are usually more fuel-efficient when the air conditioner is set to recirculate interior air. This is because keeping the same air cool takes less energy than continuously cooling hot air from outside,” said Ruhl.

While the recirculation button is great for the summer months, it may be best to avoid it in the winter or when your windows become foggy.

“Anytime you’re using defrost, it’s best to not have that button on. Also, using it while you have your heater on isn’t going to do anything for you vehicle,” said Ruhl.

Source.

28. Your driving habits are a huge factor. Very slow accelerations and decelerations help dramatically. Coasting to that upcoming red light instead of keeping on the gas and braking. Chilling at 60 on cruise in the right lane vs accelerating between 65 and 75 passing people in the left. Things like that.

Also for most cars, above 55 its better to keep your windows up and use ac, below 55 better to do windows down and ac off. Varys by model due to aerodynamics, but 55 is good enough to give you an idea.

29. Don’t hard accelerate

Try to slow down in a more gentle manner if your lucky the light will go green before you stop

Be consistent with your speed if it’s 30 mph zone try not to go faster than that or get distracted to the point where your car starts slowing down

If it’s hot out keep the windows down, AC in older cars can make the car consume more gas, not sure how these newer cars are doing with that.

Make sure your tires have good tread, bald tires can spin out more and if the wear is uneven that can cause additional issues.

30. If you drive a SUV trade it for a Toyota Corolla

Scientifically proven that the wavelength of reflections on the beige tone is in the optimal bandwidth to reduce optical resistance, thus better fuel efficiency.

Check your engine air filter. Make sure it is clean, replace if necessary. Make sure your tires are filled to the recommended pressure.

Also change spark plugs at their recommended service life.

Also, if you car is over 160k km, good idea to replace the O2 sensors as they get slow. Replaced all four sensors in my car and my mileage went from 9.x L/100 km to the high 7’s.

What kind of car should you buy that saves on gas?

A Prius, or any type of gas/electric hybrid, or a smaller vehicle, like a Toyota Corolla, Honda Civic, Chevy Malibu, Ford Focus, VW GTI or Rabbit.

But there is a direct correlation between How you drive, regardless of What you drive. I have a 1998 Chevy Silverado, with a 5.7L (350 cu in) V8, and I can get great MPG’s when I drive it sensibly, and don’t have a ton of unnecessary stuff/gear in the back, or even back seat.

Make sure the tires are set to the appropriate PSI. Always set them to the pressure setting on the inside of the drivers door. On that subject, changing the tire size or wheel size and sidewall thickness will also have a negative effect on MPG.

You would be surprised how much stuff a lot of people have laying in the back of their car, and if they would simply clean it out, they could save money.

Also, keeping your vehicle tuned up and the oil changed per the owners manual will also help keep the MPG high.

Not speeding away from every stop sign or stop light will also help.

 

Keeping your speed down on the freeway will help.

However, opting to roll the windows down instead of using the A/C to keep cool will actually create drag on the car and lower the efficiency. So crank the heat sucker up to high. Not only with rolling the windows up save fuel, it will also reduce noise and reduce fatigue, so you can drive more comfortably.

What burns more gas, accelerating as fast as possible to 60 mph (e.g. 10 seconds) or accelerating slowly (e.g. 30 seconds)?

Not long ago I had a ’16 Subaru WRX. Fast, turbo-charged all-wheel-drive car. Terrible gas mileage. It’s also heavy, roughly two tons.

One day, I did an experiment on the city streets. Rather than accelerate in a controlled manner and drive at a consistent pace, I put the gas pedal all the way down to reach about 15 mph over the speed limit, and then I put the car in neutral, and let it coast. The car would coast a full mile before it was going slow enough (5 to 10 mph below the speed limit) that I had to put it in gear and goose the throttle again full blast and bring it up to 15 mph over the speed limit.

In this simple test, the overall gas mileage skyrocketed. It went from about 25 mpg to more like 40 mpg. And yet I was ultimately going the speed limit on average, and kicking off my trips very quickly.

This led me to a realization. Yes, holding that gas pedal all the way down uses up a lot of gas. But what it also does is important: it brings you up to speed. What also uses up a lot of gas is simply cruising—not coasting, cruising. That’s where most of your gas is being spent, because your engine is expending gas, quite a bit of it, actually, just to keep up and maintain velocity.

And when you accelerate slowly, you’re effectively cruising, without being up to speed, yet with a little extra gas. That’s wasteful, because you’re going slow and still using up plenty of gas. Is it more wasteful than the explosion of rushing your car forward immediately? Actually, perhaps so, if you’re taking too long to do it.

Remember, just turning that engine using fuel uses up fuel. Accelerating quickly brings the car up to speed quickly—which brings the engine’s productivity to the maximum output quickly—which is not an infinite dump of fuel, it is limited to what the fuel line and injector and cylinder can mix with air and compress, which is measurable, and it’s actually not as far off from cruising fuel as people seem to think. Source: Quora

 TIPS ON PUMPING GAS THAT WILL SAVE YOU $$$

1️⃣ Only buy or fill up your car or truck in the early morning when the ground temperature is still cold. Remember that all service stations have their storage tanks buried below ground. The colder the ground the more dense the gasoline, when it gets warmer gasoline expands, so buying in the afternoon or in the evening….your gallon is not exactly a gallon. In the petroleum business, the specific gravity and the temperature of the gasoline, diesel and jet fuel, ethanol and other petroleum products plays an important role.

2️⃣ A 1-degree rise in temperature is a big deal for this business. But the service stations do not have temperature compensation at the pumps.

3️⃣ When you’re filling up do not squeeze the trigger of the nozzle to a fast mode If you look you will see that the trigger has three (3) stages: low, middle, and high. You should be pumping on low mode, thereby minimizing the vapors that are created while you are pumping. All hoses at the pump have a vapor return. If you are pumping on the fast rate, some of the liquid that goes to your tank becomes vapor. Those vapors are being sucked up and back into the underground storage tank so you’re getting less worth for your money.

4️⃣ One of the most important tips is to fill up when your gas tank is HALF FULL. The reason for this is the more gas you have in your tank the less air occupying its empty space. Gasoline evaporates faster than you can imagine. Gasoline storage tanks have an internal floating roof. This roof serves as zero clearance between the gas and the atmosphere, so it minimizes the evaporation. Unlike service stations, here where I work, every truck that we load is temperature compensated so that every gallon is actually the exact amount.

5️⃣ Another reminder, if there is a gasoline truck pumping into the storage tanks when you stop to buy gas, DO NOT fill up; most likely the gasoline is being stirred up as the gas is being delivered, and you might pick up some of the dirt that normally settles on the bottom.

6️⃣ Note: If the pump repeatedly shuts off early, it could be a sign of a problem with the vapor recovery system, such as a clogged carbon canister.”

How can You save gas when driving long distances?

1. First and foremost Maintain a steady speed.
2. Fill your tire pressure 1 or 2 psi more than the prescribed number.
3. Do not travel with your AC off, especially during long distance journey. With your AC off you will have to lower the car windows and if you are traveling at speed more than 60 miles per hour it is going to affect the aerodynamics of the car and this might affect the fuel consumption a bit.
4. Remove all unnecessary weight from the car.
5. Choose a well maintained road even if it is going to take you more time than a bad road.
6. Have your car checked with a mechanic before you travel.

Do automobiles get better fuel mileage with the A.C. on and windows up, or A.C. off, and windows down?

Under 70mph and your windows up, your AC will use more energy than if the windows were down and the AC off. As your cruising speed increases, the aerodynamic drag on the car increases to the point where having the windows down creates a greater load on the engine than the AC does. This only applies to modern cars which are generally quite aerodynamic. Having the windows up or down doesn’t really make any difference to vintage cars. Remember though, AC takes more power than you might suppose so on a long hot journey, driving with the AC off will improve mpg. Taking the AC equipment off altogether will make an even bigger difference – as much as 10%.

 
 

Does cruising in a car save on gas? How?

 

Since cruising involves maintaining the vehicle at a constant velocity, it requires minimum efforts (Power) from the engine.
The power required from the engine is used to nullify the declaration from frictional forces (air drag and road adhesion). Since less power is required from engine the ECU ensures minimum gas is used.

Can lowering your tailgate really save on gas?

No it’s a myth…in fact the now cancelled show MythBuster’s did an episode on it. Pretty legit test if I do say so, although if you have a truck with two gas tanks you could test it yourself as I have. The one thing that can help seems counterintuitive, which is add a little weight. Like around 100 pounds or so depending, and make sure it’s over or behind the rear axle in the bed. What this does is give the rear wheels a bit more traction and that increases your gass mileage a little. A trick I learned from my Grandpa as a curious little kid wondering why he always had a couple spares mounted to each side of the bed right up against the tailgate. Those old gas guzzlers need all the efficiency they could get.

Bonus: also works better in snow, ice, and slush…get some sand bags and throw them in the same spot behind the axle and you limit fishtailing/sliding in the winter. More weight than the hundred pounds, plus it has multiple uses. If you get stuck where the tires are spinning on the ice you can open up a sand bag and out the sand in front and behind the tire to help gain traction. Make sure to do both sides of the truck as you probably won’t have positraction. Lol…additionally if it’s not too cold you can pee on the ice around the tire. I have gotten many a people unstuck with a little sand and piss.

 

How can I save gas when driving long distances?

 

1. First and foremost Maintain a steady speed.
2. Fill your tire pressure 1 or 2 psi more than the prescribed number.
3. Do not travel with your AC off, especially during long distance journey. With your AC off you will have to lower the car windows and if you are traveling at speed more than 60 miles per hour it is going to affect the aerodynamics of the car and this might affect the fuel consumption a bit.
4. Remove all unnecessary weight from the car.
5. Choose a well maintained road even if it is going to take you more time than a bad road.
6. Have your car checked with a mechanic before you travel.

Hope these points might help you.

Can I keep driving on eco mode? How much does it save on gas?

Economy mode is useful on most conditions but be advised, that some engines need to be “ blown free” by using higher rpm snd full engine load in order to keep the exhaust/ turbo- system declogged. That applies especially to diesel- engines with egr- system. In “ grandfather”— drive mode only those will have need for extended overhaul way before resching estimated end of service- time. ( what absolutely nullifies all eventual gains from eco- mode

 

What are some ways to save on gas annually?

To save gas you should follow the instructions of the manufacturer of your car if your question refers to the gasoline that you spend to make your car run. If your question refers to the natural gas that you use at home to heat up food, water etc then the only recommendation is to watch for any leaks if you suspect that you are losing gas. Fixing those leaks by means of an experienced technician will resolve your problem. Coming back to your car, not over speeding, and not letting the engine on idle for long time in order to keep the air conditioner working or the heater in the Winter these are two important ways to reduce gasoline consumption.

Summary:

Looking to save a few cents per litre on gas? Here are a few tips and tricks that can help you do just that:

1. Check gas prices before you fill up. Many gas stations offer discounts for cash, so it’s worth checking beforehand to see if there’s a station nearby that offers a cheaper price.

2. Use coupons. Many gas stations offer coupons that can be used to save money at the pump. Simply present the coupon when you’re paying and you’ll automatically get a discount.

3. Shop around for gas cards. Some gas cards offer discounts of up to 5 cents per litre, so it’s worth doing some research to see if you could be saving even more money.

4. Drive less. This one is obvious, but the less you drive, the less gas you’ll need to purchase. So, if you can carpool, take public transportation, or walk/bike instead of driving, you’ll save yourself some money in the long run.

5. Keep your car well-maintained. A well-tuned engine can improve your fuel economy by up to 4%, so it’s worth getting your car checked out by a mechanic every

By following these tips, you can easily save money on gas without making major changes to your lifestyle.

Does getting a Tesla make financial sense in terms of cost savings on gas and maintenance?

If you looked at all the cars in the world and calculated which one had the lowest cost per mile transporting someone from Point A to Point B. It would probably not be a Tesla. If people used that criterion for buying a car, then there would be only one car in each class. People buy cars for lots of reasons. If you’re keeping the car for 5 years, some high-mileage hybrids will cost less (absent government subsidies) than a Tesla. Gas is cheap these days. Push it out 10 years or if gas prices go back up, the calculus is different. Your Tesla will outperform that high-mileage hybrid and be a lot more fun to drive. How much is that worth to you?
 
 
 

With rising prices, what are smart ways to save money or good alternatives like horse and carriage to save on gas?

Algorithm and Tricks to save up to 30 cents per litre on Gas in USA and Canada
Algorithm and Tricks to save up to 30 cents per litre on Gas in USA and Canada

This is my plan for tackling the current inflationary environment in the United States:

  • Limit discretionary driving. I have a gas-powered SUV and paid nearly $60 to fill its tank last week. I no longer drive around town just for the hell of it—I have to be strategic. Instead of driving to Target or Walmart for household goods and groceries, I order these necessities for delivery via Amazon. If I do need to drive to one part of town, I hit all the shops in that area at once and act as if I won’t be back for weeks. Ultimately, I am driving with intent—every trip has a purpose.
  • Meal substitution. In my area of the U.S., beef is less expensive than chicken. Thus, I substitute beef for chicken and prepare meals like spaghetti, burgers, and chili. Also, my cost of groceries has risen faster than the cost of a Chipotle burrito, for instance, so I sometimes eat a Chipotle burrito instead of eating at home.
  • Plan for higher utilities. My energy bill is much higher today than it was last year. Since I live in an apartment, each unit’s bill is decided by dividing the energy cost for the entire building by the number of occupied units. Thus, I have very little control over the cost of my monthly bill. I must prepare for this expense and not let it blindside me.
  • Limit unnecessary consumption. Now is not the time to be frivolous with money. All nonessential consumption (i.e., online shoe shopping, going to the movies, etc.) is essentially placed on hold.
  • Invest tactfully. With inflation running hot, the Federal Reserve likely hiking interest rates in the coming months, and macroeconomic and political uncertainty, the stock and crypto markets may fall further before rising once again. Having dry powder (i.e., cash) on hand to take advantage of the situation is not a bad idea. I’ve been building my cash position over the past couple of months, so I can buy assets when others are fearful and need/decide to sell. As a long-term investor, you want to buy into fear and weakness, and I believe we are in that environment.
 

How much money do you save on gas with a hybrid?

If you compare a small, light ICE vehicle, you won’t save anything but if you compare an ICE car of the same weight as an EV then you will save money, possibly as much as $10 every 200 miles.

 
 
 

How much money do you save on gas by paying cash instead of credit in the long-term?

 

Using a 10 cent per gal difference between cash & cc, that comes to about $28 extra per year to use my credit card for my mileage and average MPG. That’s about $2.33/month so not much at all. Then you need to take into account that I get 3% back using my credit card at the pump from my credit card rewards program. That comes to $29/year. Those were round number calculations I did though so we’ll just call it even.

 

Does cruise control actually save gas or is that a myth?

The cruise control itself does not save any gas compared to simply keeping your foot at the same position. However, what cruise control does tend to do, is influence the driving style of the human inside.

The whole point of the cruise control is that you don’t need to constantly control the throttle. And thus you will tend to want to avoid needing to do that while using it. At the most, you will want to disengage the cruise control, to reduce speed slowly when needed, and then re-engage when you can overtake.

The result is that you tend to start looking further ahead, a few cars further than the one directly in front of you. Coming up on a car, you will decide earlier if you can overtake, or if you lift the throttle. This is very positive for reducing fuel consumption.

Many drivers without cruise control will not lift until the last moment, and then often need to brake when they can’t overtake. This is disastrous for the fuel consumption.

There are some special situations where cruise control itself can help reducing fuel consumption. One of those is when using the highest gear at very low throttle. This tends to be the most fuel-efficient configuration, but with so little torque, it can be difficult to keep the speed constant. The cruise control can do that very well. If you can’t manage to drive comfortably at that speed yourself, but the cruise control can, then that is a case where the cruise control directly allows higher fuel efficiency.

Another is when your car doesn’t have a mid-console near your foot, and thus is it difficult to lean your foot against it, helping keep a steady position. In that case, driving without cruise control might lead to constant speed changes as well, and the cruise control could help smooth that. That will also improve fuel efficiency slightly.

But in general, anything the cruise control does, you can do as well… It’s is the driving style that improves fuel efficiency. Cruise control can stimulate a more relax driving style, and that helps. If you already were driving relaxed and smooth, then you’ll not notice any difference.

 

By improving public roads in order to minimize rolling resistance and enhance traction, how much money could be saved on gas consumption and avoidance of traffic accidents?

Patent 6,923,124 has a rolling surface that is 1000 times smoother than typical asphalt. This smooth rolling surface and engineered reverse sag allows steel wheels instead of energy wasting rubber tires. All oil can be avoided (saved) by switching to aerodynamic vehicles rolling on three more perfect rolling surfaces configured in a triangle. There is no reason a car should ever leave the normally traveled portion of the roadway. Designing in 3D means a vehicle can never come off the designated trajectory. Instead of a reactive suspension producing pitch, yaw and roll the guideway produces those motions with precision. This improved “road” (guideway) allows for 180 mph travel at a tiny fraction of the required energy. This in turn allows all transportation to be powered by a 7 foot wide s
 

If I drove 100 miles every day, how long would it take me to pay off my electric car with the money I save on gas?

 
Ok, let’s get serious, and go about doing this the way a person would who’s really trying to save money. Two scenarios: * Aggressive scenario: Buy a used 2014 Nissan Leaf for $8,000. It will only have about 30,000 miles and a range around 85 miles. In my area, electricity will cost 2 cents per mile since our electricity is fairly cheap. Assume the gas car being replaced was getting 30 mpg, so its fuel cost is 11 cents per mile. You are commuting to work each day, 50 miles each way. You don’t have enough range to get home, but your employer offers free charging. (That can happen. My employer does.) Driving 100 miles per day, paying for half and getting half from your employer, will cost $1.00 per day, or $30 per month. The gas car would cost $11 per day or $330 per month. Savings is $300 per
 

What kind of car should I buy that saves on gas?

Short answer:  Toyota corolla or Honda civic

But there is a direct correlation between How you drive, regardless of What you drive. I have a 1998 Chevy Silverado, with a 5.7L (350 cu in) V8, and I can get great MPG’s when I drive it sensibly, and don’t have a ton of unnecessary stuff/gear in the back, or even back seat.

Make sure the tires are set to the appropriate PSI. Always set them to the pressure setting on the inside of the drivers door. On that subject, changing the tire size or wheel size and sidewall thickness will also have a negative effect on MPG.

You would be surprised how much stuff a lot of people have laying in the back of their car, and if they would simply clean it out, they could save money.

Also, keeping your vehicle tuned up and the oil changed per the owners manual will also help keep the MPG high.

Not speeding away from every stop sign or stop light will also help.

Keeping your speed down on the freeway will help.

However, opting to roll the windows down instead of using the A/C to keep cool will actually create drag on the car and lower the efficiency. So crank the heat sucker up to high. Not only with rolling the windows up save fuel, it will also reduce noise and reduce fatigue, so you can drive more comfortably.

 
 

When I have little gas left in my car, is it better to drive fast or slow so that I can get the best distance out of the amount of gas left?

 

Look at all the other mileage techniques that other people have formulated over the years, they all apply. Basically:

  1. Accelerate firmly from a stop. Too slowly, and you waste time in low gears, which are inefficient. Too fast, your engine is burning more fuel than it needs to. 8 – 10 seconds to 40mph is good, get a feel for your car, maybe get a OBD sensor to monitor fuel usage directly (any car after 1990s has one, I think)
  2. Try to get to the top gear, and at lowest RPM. Engine spins the slowest for maximum distance. A little slower is usually ok, especially if the car has bad drag coefficients, or there’s a lot of stops. Accelerating to top gear only to brake for a stop light is a waste of fuel.
  3. Modern cars cut fuel when engine braking. Try to roll as far/long as possible without using the brakes and avoid idling. Braking early, then rolling is better than coming to a complete stop since idling is just a constant drain, and if the light goes green, you save kinetic energy. You can usually feel when the ECU starts fuel delivery again when the engine braking lessens, though forcing downshifts is not recommended due to
    1. Increased wear on a transmission which is more expensive than brake replacement
    2. the spurt of fuel needed to kick the RPMs up. Though it may be needed if you need every last drop. Try downshifting early, if needed.

Try not to use neutral when coasting since the engine is still running. Also, its generally illegal

4. coast up hill, accelerate downhill (where possible). Don’t roll down the hill backwards.

5. If in a Hybrid, try to coast at 0 throttle and 0 regen. Regen, while nice, is fundamentally inefficient due to multiple transformations of energy. At 0 throttle, the engine is off, and no fuel is used. Hybrids generally have low drag, so can go pretty far on flat ground.

6. Tailgating can save some fuel, but it isn’t really safe. A few car lengths of distance can still yield a bit, though don’t overspeed to do so.

7. Turn engine off if you’re gonna be stopped for long periods of time.

 

Is driving slow up on a hill(consume less fuel but takes longer) or fast(consume more fuel but takes less time) better choice for fuel saving ? The hill would be 1 km for reference.

The answer is matching the proper rev range to power to be most efficient.

The real world answer is that if it’s just a kilometer the difference is negligible

Engines are most efficient usually somewhere at the 1/3 to half of the RPM range and at decent load. So if you need to floor it to get on the hill on current gear, downshift, else just press pedal slightly stronger and keep the speed.

As long as you can engine brake downhill the speed doesn’t really matter, just keep the usual traffic speed.

In general accelerating just to slow down later is worse than just keeping steady pace, especially if there are brakes involved.

That’s a good question, but not a simple one to answer.

A car is most efficient when in its highest gear. If you accelerate too slowly, you will spend too much time in the lower gears before you get into the highest gear. Therefore, accelerating excessively slowly is not the most economical technique. Thus, advise to accelerate slowly to save fuel is WRONG!

A few decades ago, BMW did some tests to determine the most economical way to drive their cars. Although that was before fuel injection became common, I’m sure that the rules have not changed very much. They found that for their cars, the most economical technique was to accelerate with a heavy foot (2/3 to 3/4 throttle) but upshift at only 2000 rpm. That works well for a manual transmission, but is generally impossible with an automatic transmission because it will upshift at a considerably higher speed if you use a heavy foot and, just as bad, delay locking the torque converter. So, with an automatic transmission, the most economical technique is probably to accelerate at a moderate rate, i.e., not too fast and not too slowly.

The rules may have changed slightly because of modern electronic fuel injection systems which control the fuel mixture better. They are less likely to deliver an excessively rich mixture at wide throttle openings which occur with a very heavy foot.

With an Otto-cycle engine (4-stroke, spark ignition), the throttle valve is an important source of inefficiency. The power required to suck in air against the vacuum created by the throttle valve wastes fuel. For that reason, an Otto-cycle engine is most efficient when the throttle valve is wide open, or nearly so, provided that the fuel system does not provide an excessively riche mixture under those conditions. That’s why it is most efficient to use a heavy foot and upshift at low speeds, but not at such low speeds that the engine knocks or doesn’t run smoothly since that could cause damage.

The most inefficient thing you can do is use a lower gear than necessary for the power you are using. So, if you delay upshifting until 3000 rpm when, with a heavier foot you could get the same power at 2000 rpm, you are wasting fuel. So, for fuel efficiency, you should upshift at the lowest possible speed that will provide the power you need, but not at such a low speed that the that the engine protests.

In simplistic physics terms, it makes no difference. You create the same amount of kinetic energy either way – and theoretically, that means you must burn the same amount of fuel.

For an internal combustion engine with gears it gets complicated.

A conventional car engine has a range of RPM’s at which the engine operates most efficiently. At lower or higher RPM’s gas consumption is worse.

So the trick is to keep the car in that band.

With a manual gearbox – the best approach is to push hard on the pedal to get the RPM’s into the efficient range – then accelerate more smoothly to the top of that range – then downshift.

If your car has enough gears, you can arrange to stay in the efficient range for all but the initial acceleration in 1st gear.

However, with an automatic (and especially automatics with not many gears in their gearbox) – you have no direct control over that – so it becomes a matter of tricking the gearbox into doing what you want. With modern gearboxes, you’d hope that the manufacturer set the shift points for efficiency – but it depends on the car. For a sports car they probably optimized the shift pattern for best 0–60 time – so they’d keep the engine in the “power zone” of RPM’s rather than in the “efficiency zone”…for a family sedan, the reverse would be the case. Many cars have a “sport” button which essentially lets you choose between keeping the engine in the power band or the efficiency band.

But even on the “economy” setting, the software won’t be able to prevent you from demanding performance that drives it out of the economy range.

It also varies depending on the air temperature – when the air is cold, it’s more dense and the fuel management software can burn fuel in larger quantities than on hot days – and that may influence the decision.

There are other considerations too. If you accelerate and brake gently then it takes longer to get you where you’re going. This means that the air conditioner, radio, lights, computer(s), etc are running for longer…and that takes energy too.

On the other hand – if you continually red-line the engine, it’ll wear out faster and a worn out engine uses more gas than a good engine.

Honestly – the answer is horribly complicated – and it varies from car to car.

To Conclude:

Looking to save a few cents per litre on gas? Here are a few tips and tricks that can help you do just that:

1. Check gas prices before you fill up. Many gas stations offer discounts for cash, so it’s worth checking beforehand to see if there’s a station nearby that offers a cheaper price.

2. Use coupons. Many gas stations offer coupons that can be used to save money at the pump. Simply present the coupon when you’re paying and you’ll automatically get a discount.

3. Shop around for gas cards. Some gas cards offer discounts of up to 5 cents per litre, so it’s worth doing some research to see if you could be saving even more money.

4. Drive less. This one is obvious, but the less you drive, the less gas you’ll need to purchase. So, if you can carpool, take public transportation, or walk/bike instead of driving, you’ll save yourself some money in the long run.

5. Keep your car well-maintained. A well-tuned engine can improve your fuel economy by up to 4%, so it’s worth getting your car checked out by a mechanic every

Top 10 luxury cars that are completely overpriced considering the poor workmanship and lack of features?

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Sources:

1- Quora

2- Reddit

3- https://vehiclecare.in/blaze/how-to-save-fuel-13-fuel-saving-tips/


Well, this may or not be cost efficient. It might actually be cheaper to buy new cars every 100,000 miles or so. But here we go.

  1. Get a good vehicle. Modern pickup trucks and SUV’s are not good vehicles. Volvos are affordable and are well built. So are BMWs and Mercedes. Look at the van the American Pickers drive – it’s a Mercedes. I wouldn’t even rule out many American production cars.
  2. Change your oil as frequently as it says in the owner’s manual. And don’t scrimp. You don’t have to get ultra expensive synthetics, but get something more than the bare minimum.
  3. Do other automotive maintenance as frequently as it says in the owner’s manual. Car parts go bad. It’s not just tires either.
  4. Drive carefully. Accelerate and decelerate smoothly. Drive at or near the speed limit. My sister was using our parent’s old ’96 Saturn until about two years ago when some idiot t-boned her by running a stop sign.
  5. Speaking of Saturns, which were great in cold climates because they didn’t use a lot of metal, if you live anywhere they use road salt, keep the car as clean and rust-free as possible. Best to drive in Texas – Texas has a good climate for cars. They don’t know what road salt is in Texas.
  6. Park it in a garage. This is optional if you live somewhere with good car weather. Like Texas.
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