The Weekly Summary - May 17 2020 Edition

The Weekly Summary - May 17 2020 Edition

By tvlachak | The Weekly Summary | 17 May 2020


It looks like the White House will probably green light stimulus checks 2.0. Here are all the details for the second round of checks.

April’s retail sales was down a record 16.4%, but Amazon stock keeps climbing as the online superstore is an easy choice for consumers. 

OpenTable forecasts 25% of American restaurants will close permanently because of the coronavirus-related lockdowns.

Global Stimulus Packages as of GDP.

Furloughs are starting at the state level as Michigan announces a cut in pay for 31,000 employees

The next housing crisis is rentals.

A trip to the grocery store has become more costly for most Americans, it’s especially pricey for meat and eggs.


Warren Buffett’s top 5 holdings.

Building an investment portfolio is similar to preparing a mixed rice dish, you need all the right ingredients.

Do you have any investment rules?

Buying low when REITs drop could triple your money in a few years according to this former private equity real estate investor.

And speaking of real estate investors, Robert Kiyosaki is predicting that Bitcoin will be $75,000 in 3 years.

A quick dividend overview of S&P 500 companies YTD.

The dos and don’ts on buying vacant land.

New brokerage accounts with little investing background are taking advantage of stock market dips.

My latest spreadsheet update on all the companies I own for free thanks to daily Stash Stock Parties. I’ve received $16.10 from 3/9 to 5/15. I could have had more if I started at the end of January.

There were many twenty year olds featured last week, but here is a teenager hustling with multiple streams of revenue.

Personal Finance

Jackie Lam, a personal finance writer, paid herself first and stashed all her side hustle money to save $5,000 for her emergency fund.

Thinking of refinancing your home? United Wholesale Mortgage announced interest rates as low as 2.5%

Incentives for renting are sprouting up.

Now is a good time to review your personal finances. Need help? Currently there are many resources to get free professional financial advice.

Side hustles can be life changing.

As income plummets, people are turning to rainy day funds and credit cards

For the past six years I’ve used Plastiq to pay for some bills that do not accept credit cards. I’ve used Plastiq primarily to pay for mortgage and rent payments. It’s allowed me to leverage my credit card limit, earn cash back/miles/points, and maximize cash flow. Every time I’ve used Plastiq, I pay my credit card bill in full. I never carry a credit card balance. Are you a small business owner? By using Plastiq, you may be able to write-off the 2.5% fee and get the benefit of float/flexibility of your credit card. Plastiq sometimes has offers that lower their fee to 1%. Are you already using Plastiq? The Travel Sisters, a great travel hacking site, allows you to share your Plastic referrals in their comments section.

You can request these 8 kinds of credit card relief.

How to save 8% to 27%+ on Amazon.

This is how to really save money when you buy something on sale.


The trillions of dollars the Fed has given to businesses and taxpayers (via the stimulus plans) was noted in the last mined block before the Bitcoin Halving on May 12. It referenced one of the main reasons why Bitcoin was created...the devaluation of fiat money. The message in the first BTC block had said, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” and as if history repeated itself, block 629999 contained, “NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008 Rescue.”

More millionaires and billionaires owning Bitcoin.

Billionaire Paul Tudor Jones has 1-2% of his net worth in Bitcoin as a hedge against inflation.

The real-world application of blockchain technology continues to exceed its use beyond cryptocurrency. I’ve been reading about blockchain's role in real estate projects, real estate investments, and the fine art market. Here are my thoughts on blockchain and its future impact.

The Tezos protocol continues to improve, especially in the privacy department. If you are not familiar with Tezos, here’s a quick introduction. You can also watch this short Tezos video by Coinbase Earn. YTD performance you ask? XTZ has been stellar, it’s up 85% for the year. If you already own Tezos, you probably want to stake it, it’s like earning dividends with stock.

$300 million in real estate to be tokenized on Tezos blockchain

First global e-voting test election was held on Tezos

Reddit announces ERC-20 tokens to start rewarding some redditors.

Do you think Ethereum is undervalued?

IRS gets help to figure out taxpayers’ cryptocurrency transactions.

Will other countries follow Portugal’s current tax policy on Bitcoin?


Writing is for clarity and thinking. Both are difficult to do. So write every day.

This is why we read.

I never thought of stocks and bonds this way, but this is the best and simplest way to explain it to someone.

Higher education may change with big tech playing a role in a possible hybrid college model. Some universities are drastically reducing tuition already.

Warren Buffet’s advice to young people. I think it can apply to all ages.

Video Games and Multimedia

'Fortnite' will launch PS5 and Xbox Series X titles 

Epic Games announces Unreal Engine 5 with an amazing PS5 demo that allows video game developers and filmmakers to build spectacular cinematic worlds.

Amazon is offering 12 Months of EA Access Membership Subscription For $24.99 for PS4 and Xbox One.

Could this be the future of PlayStation controllers?

Robot Odyssey was the hardest computer game this writer/software engineer ever played. It took him 13 years to finish it.  

Gameplay trailer for KOGS, world's first blockchain mobile game is out.

Quibi is not doing so well.


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 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, wealth, learning, and more. This weekly newsletter will curate resources with my insights and analysis in a round-up style that will inform and educate readers.

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