I read an interesting article over on Main Street.com where they claim half of the financial planners don’t have a financial plan for themselves. So, how are you supposed to trust someone with a plan for your money, when they don’t have a plan for their own? Either they are completely incompetent, they don’t believe it’s that important […]
I read a really sad story this week about Kevyn Ogawa, a young grocery store clerk who won the lottery in 2009. He is now suing his financial advisors for selling him $100 million in life insurance policies, despite having no spouse, no children, no siblings and no clear need for the death benefit.
It’s been a volatile year for Bitcoin investors. On April 10, the Bitcoin market shot up to $266, before closing the day at around $125. The next day, Bitcoins started trading at $65. Today, they are trading around $121. The long-term value of a Bitcoin is anyone’s guess. It could be very valuable or completely worthless.
Most rational people realize they need to save and invest part of their income, but very few do it on a regular basis. People who fail to save will always live paycheck to paycheck.
It has been a down week in the stock market and it makes me question why I ever got the itch to pick individual stocks.