Why, as a Gen Z kid, this terrifies me.
Born anywhere between 1981–1996, Millennials are the generation squeezed between Gen X and Gen Z. If you’re anywhere between 25 and 40 years old this probably concerns you.
According to the most recent data from the Federal Reserve, Millennials currently own around 5.1% of all the wealth in America. Since 2016, Millennials have been the largest generation in the workforce. They currently make up approximately 35% of the entire working population.
Unfortunately, this may actually just be the result of far more worrisome trends in the job market and education system.
There was a lot of red in the markets today.
The Nasdaq dropped 3.5% and the 10-year Treasury completely smashed through the 1.5% threshold rising higher than any previous point in the last year.
Exactly what is happening this week and why is any of this happening?
Here’s the thing. There’s been a tremendous sell-off for US government bonds and that’s having a widespread effect on the rest of the markets. Share prices are plummeting and the ever expanding tech stocks are facing the worst of it.
Today, we witnessed the bond market seeing a huge volume of sells. The price of bonds in turn started plummeting. As the value of bond’s decreases…
Tax season.
Although it might be a dreaded time of the year for many, you might want to start filing your tax returns as early as this weekend. As of the time of writing this(2/12/2021), the IRS has just started accepting 2020 tax returns. Normally they are accepting tax returns earlier in the year but due to the ongoing pandemic environment, the opening acceptance date is a little later for the 2020 tax year.
When Is the Best Time to File 2020 Tax Returns?
Also happening now is another round of stimulus checks waiting to finally be approved by the government and Congress. This next round of stimulus in the…
New Retail Investors are Riding on Huge Gains
If you’ve opened up the news in the past few days, you’ve probably seen someone talking their head off about how Gamestop stock is on an absolute roller coaster and how incredibly unrealistic its current valuation is at. Hedge funds are hemorrhaging billions of dollars while a sea of redditors on WallStreetBets have made themselves a small fortune. The most famous of which is u/DeepF**kingValue on Reddit who has transformed $50k into $40+MM at the peak.
If you’re new to investing, seeing all of these people make an absolute fortune on the stock market is bound to cause some serious…
GameStop stock(GME) is currently hovering around $220(as of Tuesday, January 26th) and up 495% over just the last week. As a reference, Bitcoin is only up 263% over the past year. What has happened in the last week and why has GameStop become the nightmare of many institutional investors?
GameStop’s History and Current Environment
Looking back in early 2020 around March or April, GameStop was a struggling brick and mortar retailer. Consumer trends worsening and the new pandemic dealt a huge blow on GameStop leaving them desperate for business. In 2019, GameStop reported a $490 million loss. Due to the pandemic, GameStop was forced to…
“So indexes are where they are because of what has happened historically, so over the last 30 years, you know, we’ve had some very big companies grow up. Evolve and grow into the biggest companies in these indexes. The world we’re going into is much different, we think, than the world that we’ve just left and that’s because and this gets into disruptive innovation and why we formed Ark.”
— Cathy Wood, Founder of ARK Investment Management
ARK Invest: The Biggest and Best Performing Active Funds of 2020
The entire backbone of Cathy Wood’s Ark Invest sits upon what she coins, disruptive innovation. Wood predicts that the world we are entering…
What is a Business Credit Card?
A business credit card is a credit card that is used for business purposes only. These credit cards have many advantages over personal credit cards and they are surprisingly accessible lines of credit to apply for.
You might think that there’s no way you could get a business card since you don’t run a business. In actuality, business credit cards are created for all types of businesses ranging from huge corporations to sole proprietorships. This is important as it opens the door to people who might not even consider themselves business owners.
For example, if you’re a freelancer or even…
Dr. Michael Burry is a name well-known across the financial sector and for good reason. He is quite the hedge fund savant and has time and time again identified market bubbles right before they pop. Many identify him as the hedge fund manager of Scion Asset Management and as a very reputable investor. Even more of you may know him as “that guy” in the popular movie, The Big Short.
Burry’s hedge fund commands well over an impressive $300 million in assets under management today and boasts extraordinary returns throughout and especially during recessions. Michael Burry began his superstar career…
During 2020, the US Federal Reserve has printed more than 9 trillion US dollars. That’s roughly 20% of the US dollar going around in circulation today.
In other words, for every $100 that exists today, the United States government and Federal Reserve printed $20 out of thin air in just the last twelve months. This seems like a really bad warning for what there is to come in 2021.
How will this affect us and will it actually be that bad?
First, let’s talk about the value of money and maybe one of the reasons why we are seeing a new surge of bitcoin investors again. …
The FIRE movement has gained immense momentum in recent years and has an almost cult-like fandom in the personal finance community. Inevitably, as I started my first few steps into personal finance, I stumbled upon the concept of FIRE: Financial Independence Retire Early. The FIRE movement is a dedication to extreme savings and investing in having the opportunity to retire much earlier than traditional savings or retirement plans.
Retiring in your 30’s or 40’s might sound like a dream to most people. …
