Personal Finance
Amazon, already a giant in online retail, may be secretly brainstorming how to offer home insurance to its millions of regular customers. The unconfirmed report caused a momentary dip in the stocks of several insurance companies. The news, yet to be confirmed by the company, was reported by technology business news website The Information by […]
Yes, you can chop tens of thousands off your mortgage — without writing a big balloon payment check or forgoing a windfall to pay principle. The trick is to make biweekly payments, rather than one payment a month, for the life of the mortgage. The strategy is easier said than done for most mortgage owners. […]
Millennials have a rosy outlook concerning retirement financial solvency that doesn’t square with reality. Most Millennials, the age demographic of young people between the ages of 21 to 37, expect to retire by the age of 56. A large percentage of Millennials also expect to become millionaires something within their lifetimes. Investment brokerage company T.D. […]
Over 63% of affluent young adults between the ages of 18 and 22, the so-called Generation Z demographic, are counting on familial inheritances to pay for their retirement years. This is according to a recent Merrill Edge Spring Report compiling data on the subject. Considering that the children of affluence have more access to resources […]
Billionaires George Soros, Warren Buffett, and Mark Cuban did not become rich accidentally. They made consistently smart investment decisions, which helped them create great personal wealth as well as economic value for society. While there is no guarantee that what worked for them would also work for you, here are a few vital tips from […]
The Social Security Administration announced on Tuesday that it expects to pay out more money than it takes in this year. That means that it will have to draw on its trust fund for the first time since 1982. The annual report from the trustees had predicted there would be a shortfall, but not until […]
It has been four months since stocks hit their low reading back in February. Since that low, the Russell 2000 has been outperforming the S&P 500 by a wide margin. In fact, the Russell has nearly doubled the return of the S&P with returns of 14.5% and 7.4% respectively. What is even more interesting is […]
Vermont Governor Phil Scott has signed into legislation that will pay people to relocate to the state in a bid to grow the state’s flagging taxbase and reinvigorate the economy — by attracting workers who sign in online to work elsewhere. The “Remote Worker Grant Program” went into effect on May 30. The governor wants […]
Draymond Green of the Golden State Warriors is an NBA star. He has been called the Warriors’ “floor general” for his passionate and vocal playing style. However, Green has bigger ambitions than just winning a third NBA title this year: Green wants to become a billionaire by the age of 40. “I want to be a billionaire,” […]
Those who purchased stock in Microsoft in the early days, when Bill Gates was introducing the personal computer operating system that would eventually dominate the market, saw the price of the stock rise astronomically from 37 cents in 1987 to $45 in 2000. After 2000, Microsoft stock followed a normal path for companies that have […]
