Apple Using In-House Lending for New Apple Pay Later Feature

[KaliYoni]

Can I give you my money to manage for me? You sound like you know what you are doing. 😆

You can match my personal strategy by using the MSCI World Index as your benchmark and using SPY, EFA, EEM, and ACWI to construct your portfolio.

And I don't really know what I'm doing most of the time...

 

[KaliYoni]

it was odd that Goldman Sachs was willing to partner with Apple

it was a win-win for many reasons including:

• Apple operates at such a huge scale, only the largest institutions have access to enough capital to fund and run its credit card.
• Apple avoids launching or acquiring a bank. Among other things, Apple's love of secrecy and compartmentalization makes it difficult for Apple to enter banking directly.
• GS wanted to kick start its consumer banking business, Marcus.
• GS' investment bankers want as much access to Apple as possible in order to pitch M&A work, underwriting, etc.

 

[JM]

You can match my personal strategy by using the MSCI World Index as your benchmark and using SPY, EFA, EEM, and ACWI to construct your portfolio.

And I don't really know what I'm doing most of the time...

Sounds pretty helpful! Thanks. Most humble people know what they’re talking about 😆

 

[Bodycalming]

Oops! Looks like this will be put on hold in UK, due to new Buy Now Pay Later (BNPL) regulations.