Issue 8.0 / May 31, 2020
Economy
On the Dow’s 124th birthday, the popular stock market index has much to celebrate with over a 61,000% return since May 26, 1896.
Housing trends; who rents and who buys in America. And this investor has a valid concern for mortgage/rent delinquency.
A chart that you need to see of spending versus incomes.
Millennials have it tough economically when compared to other generations going back to 1792.
Mark Zuckerberg is estimating that half of Facebook employees could be working remotely within the next decade with pay cuts.
Bike sales soar as less people are using public transportation and want to exercise more.
Investing
Opening a Roth IRA at 19 years old is one of the smartest things you can do.
Here are some common investing fears.
This chart shows investors pulling tens of billions of dollars out of bond ETFs in March. While we are studying charts, here is another on long-term debt supercycles. Companies have already reached one trillion dollars YTD in debt.
The Motley Fool recommends HODLing investments because that builds wealth.
Top down and bottom up analysis in investing is smart.
Will you ever trust AI to do your investing? Here are some pros and cons of using robo advisers. Or you can actively manage your investment portfolio like Scott Cunningham.
Personal Finance
It’s important to have a good CPA because inheritances could get messy and costly. Having a will and trust is also a good idea, Prince died four years ago and his estate worth hundreds of millions of dollars, is still not settled.
If you are job hunting, know your total compensation package.
This 10 year old’s question on Twitter asking about books explaining basic finance and accounting has returned many great suggestions; such as Early Bird: The Power of Investing Young, The Way to Wealth by Benjamin Franklin, and The Accounting Game: Basic Accounting Fresh from the Lemonade Stand.
Looking to start dropshipping as a side hustle? What you need to know with this quick intro to dropshipping. I learned that Ali-Express is not the only manufacturer to source products, there are alternatives.
Hedging yourself, six smart things to financially protect yourself.
I believe in aggressive savings goals.
A personal finance writer switched to a high-yield savings account, but it took her awhile and she’s embarrassed about it.
High-end travel credit cards like the Chase Sapphire are allowing card holders to redeem reward points for groceries and takeout. I recently added the Chase Sapphire Preferred card to my credit card portfolio, which landed me a sweet signup bonus of $600. I did have to spend $4,000 in the first three months with the card for that bonus and it does have a $95 yearly fee. Is it worth getting a credit card with an annual fee? The Penny Hoarder elaborates if it makes sense.
Jamila Souffrant saved $169,000 in two years and built a side hustle into a full-time job.
I recently read the following quote by Brian Walsh, “If you save $1k/mo and earned 7% for 40 years, a 1% fee would cost over $568k.” So you have to watch those small fees on investing and retirement accounts, they can add up. And some ideas to eliminate fees with banking, investing, and real estate.
Cryptocurrency
Cryptocurrency projects are exciting and innovative. They will continue to have a, “... steady growth of new ideas, code, projects, and startups.”
A couple of weeks ago I was gushing over Tezos, but I read about a recent study by Cornell University stating that most network traffic on EOS, XRP, and XTZ is not for value transfer purposes.
Cryptocurrency has many similarities with Visa’s early adoption issues from the 1970s.
Staking will turn Ethereum into a functional store of value.
Bitcoin’s weakness is energy waste.
Facebook's Libra wallet will be rebranded as Novi.
Some debit card holders all over the world can now purchase crypto.
Learning
How to write about information and make it spread.
90% lurk, 9% participate, 1% create most content.
Here are some great tips on managing self study. So double-down on yourself, and own your learning.
Reading can be a huge multiplier, it results in exponential learning. You can level up daily by reading, writing, and exercising. Reading for 30 minutes a day is a great start.
Could this be the future of bookstores and libraries?
Here is an introduction to decentralized websites, also known as Dwebsites.
Video Games and Multimedia
PS4 free games for June: Call Of Duty: WWII and Star Wars Battlefront II.
Enjin wallets are now integrated into Minecraft.
Venezuelan players make money playing RuneScape.
Oculus Quest made $100 Million from games and apps.
Pokémon Go is improving the AR experience.
League of Legends will add sponsors to esports tournament play.
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.
