The Weekly Summary - Issue 7.0

The Weekly Summary - Issue 7.0

By tvlachak | The Weekly Summary | 24 May 2020


Issue 7.0 / May 24, 2020

Economy

The next round of relief payments will be delivered to millions via prepaid debit cards.

Billionaire Mark Cuban thinks families should get $1,000 in stimulus money every two weeks for the next two months, as long as the recipients spend it within ten days. Cuban feels consumer spending will save the economy.

Could the U.S. banking system be in trouble?

The United Kingdom sold its first-ever government bond at a negative interest rate. This investor is concerned with how UK insurance companies will secure assets.

Americans are saving like the 1980s, but that's a bad thing.

French central bank passes first "Digital Euro" tests with flying colors.

Mark Zuckerberg is launching Shops that will bring digital storefronts to Instagram and Facebook. The Retail Brew reports that this is a way to train users to see Facebook as a virtual mall

As some were celebrating Bitcoin Pizza Day last week, I was reading this great piece on food delivery and pizza arbitrage.

Investing

A deep dive into Warren Buffett's Berkshire Hathaway portfolio for Q1. 

Comparing the wealth built by American billionaires to British ones.

Amazon and Microsoft were some of best hedge fund performers YTD.

The case for building a simple investment portfolio. And here is a low risk retirement portfolio built on Vanguard funds.

Learn how to trade, and manage risk. Taking risk paid off for this investor. Self investing can be empowering.

Investing in REITs can be very risky, but some big REIT discounts are out there.

TD Ameritrade saw an injection of $45 billion from new assets in Q1.

Sofi Invest is currently offering a $75 signup bonus for new accounts.

Personal Finance

New Federal Reserve regulations are starting June 24 for the amount of funds available when depositing checks into banking accounts. For example, Capital One is changing the first $225 from most check deposits (previously $200) to be available the next business day after a deposit is made. 

The interest rate on your high-yield savings account recently went down. Here’s a breakdown of why interest rates are dropping.

After nearly four decades of taking notes on more than 1,300 self-made millionaires, Steve Siebold offers these smart money moves from the wealthy. Steve Siebold is the author of How Money Works.

OkDork by Noah Kagan is hiring a social media manager and video editor. If you get hired, mention the Weekly Summary and I eat free Chipotle for a year.

If you are going into a sales position, here are some great pointers on selling.

Cryptocurrency

Bitcoin is maturing, here is BTC’s value proposition.

Banking on Africa: The Bitcoin Revolution, is a cryptocurrency documentary now streaming on Amazon Prime.

The Defiant recently interviewed the Winklevoss twins about cryptocurrency, one of the topics covered with them in depth was stablecoins.

The BlockFi platform experienced a data breach last week. Blockfi is compensating some users upon request.

After reading Doctor of Credit’s Crypto.com review, I’m going to pass on the current Crypto.com promo and wait for their next offer.  

Visa files a patent for a crypto system and they are building it on Ethereum.

Iran is switching to a new fiat because of hyperinflation and in the process removing four decimal places from the Rial. As expected, demand for cryptocurrency in Iran is spiking.

Do you want some XTZ with that croissant? In France you can now buy Tezos from thousands of gas stations and convenience stores.

Digital currency goes back to the 1980s.

Learning

Raad Ahmed is making me think about improving by 1 percent every day. I first read about the power of tiny gains by James Clear and in his essay the 1 Percent Rule.

According to Ryan Holiday, all we need are a few small wins every day.

As a creator, David Perell says you should build content based on a personal monopoly.

Ideas become wealth.

Build discipline into your personal and business life

This is why history is a useful and profitable discipline.

Bill Gates thinks you’ll enjoy Good Economics for Hard Times and The Ride of a Lifetime, two money-related books just in time for some summer reading.

Writing matters in remote work.

Jeff Geerling gave away his books for free, and his sales increased 400%.

Video Games and Multimedia

As of this writing, you can earn 11,838 SB ($118.38) on Swagbucks by installing three video games and reaching a certain level. Receive 4,838 SB ($48.38) when you reach level 17 in King Of Avalon. You can also get 3,000 SB ($30) if you get two heroes to level 5 in Raid: Shadow Legends. And if you install Rise of Kingdoms and achieve level 17, you earn 4,000 SB ($40). If you need to join Swagbucks, use my link and get 300 SBs ($3) as a signup bonus.

The LEGO Ninjago movie videogame is available for free for PC (Steam), Xbox One, and PS 4.

Epic Games released Sid Meier’s Civilization VI for free until May 28.

Check out this $14,000 video-gaming chair.

Disclaimer

Ideas and information presented in my articles are for educational purposes only and not intended to be investment advice. Investments in the stock market and cryptocurrency could be speculative and volatile, and result in money loss. Always conduct your own research. You may want to obtain independent legal, financial, taxation and/or other professional advice in respect to any information from this content. I may mention products or services and some of those products are affiliate links that reward me.

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tvlachak
tvlachak Verified Member

I'm a student of personal finance, investing, cryptocurrency, NFTs, & blockchain. I'm currently learning and thinking in public on The Weekly Summary. I'm also a foodie that loves fitness.


The Weekly Summary
The Weekly Summary

The Weekly Summary is a growth lifestyle newsletter that focuses on finances, learning, web3 and more. This weekly newsletter curates resources with my insights and analysis in a round-up that will inform and educate readers.

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