Simple Practices that Lead to Wealth
With 10,000 baby boomers reaching retirement age every day, there is a scramble to grab a share of the largest money transfer in American history.
Just in case you haven’t watched the financial news lately, everyone is up in arms about High Frequency Trading. HFT is employed by financial firms with superfast computers, who can execute stock trades much faster than retail investors.
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.