When you’re accustomed to the beatings, you never trust the helping hand. And for the last decade or so, the beatings have been regular and unceasing, delivered by the Federal Reserve, at the hands of the banking industry. Here’s how it goes: You walk into your nearest branch, you have a bundle of Ben Franklins you want to stick into the highest-yield savings account [Read More] …
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These 2 Numbers Make Me Worried About the Stock Market
What are you most worried about? That’s not a figurative question. I am truly curious. Are their financial/investment matters that cause you concern? Are their social issues? Political or economic issues? I’d actually really like to know what you’re worried about in your own life. If you have a spare three minutes, shoot me an [Read More] …
The Upside to China’s New Crypto Crackdown
Another day, another China-inspired bloodletting in the crypto market. Maybe you saw—China is now pushing banks and financial-services companies to stop dealing with crypto altogether. Well, that freaked out a market already more jittery than a meth-head going through withdrawal. Bitcoin dropped $10,000 in a day—about 25%. Ethereum lost about 17%, dipping below $2,000 for the first [Read More] …
Does Your Broker Have Your Best Interests at Heart? It’s Complicated…
I don’t know if this is still a TV commercial in America, but maybe you remember it. Some random guy successfully operates on a patient in a surgery suite, then lowers his mask and a nurse says, “You’re not Dr. Stewart.” “No. But I did stay at a Holiday Inn Express last night.” That image—the [Read More] …
How I’m Earning 204% Interest (That’s Not a Typo)
You might recall that on Saturday, I wrote to you about Iron. Finance and how Mark Cuban and I got wrapped up in a crypto disaster last week. (If you missed that dispatch, you can read it here.) Ultimately, I recouped nearly $500 of my original $545 investment. And you know what I did: I [Read More] …