Personal Finance
Even though home ownership is considered the American dream, many young Americans can’t afford it. More than 78% of homeowners are 65 years old or older. Less than 36% of homeowners are under 35 years old. Yet apartment renting isn’t always the cheaper option either. San Francisco features the highest average national rent prices. A studio […]
American consumers have a patriotic mindset that supersedes even bargain hunting. About 8 out of 10 Americans prefer buying American made products over imports. More than 60% of Americans would pay 10% more for American brands. What’s more American than Good Humor? Harry Burt conceptualized the chocolate-coated ice cream bar on a stick in 1920, […]
Americans spend $3,000 annually on take-out and in restaurants and usually on unimaginative, rote dining options. If you could eat out extravagantly and fantastically once this year, would you? How about a $430, locally sourced gourmet seafood meal? A meal that you can eat in the largest submerged restaurant in Norway? “Under” is the premier underwater restaurant […]
Most electricity today is provided by burning oil and coal. Yet the world is preparing for the eventual phasing out of fossil fuels and the gradual implementation of eco-friendly renewable energy. Climate activist Greta Thunberg’s resounding UN speech could hasten the day when politicians must act. However, during the gap between the decline of fossil […]
The first rule of financial planning is that you need to have an emergency cash reserve which is sufficient to cover your living expenses for at least three to six months. At the same time, there is no need for you to park your funds in a savings account which offers negligible returns, and that’s […]
Michael Burry was one of the first investors to spot the subprime mortgage crisis and profit from it. According to Bloomberg news, he sees a similar bubble brewing in passive investing. Passive investments are those that include index funds and other exchange-traded funds (ETFs). Burry believes that they’re inflating stock and bond prices in the […]
Warren Buffett’s Berkshire Hathaway has steadily been buying up more shares of Amazon. Berkshire recently increased its stake in the e-commerce tech giant by 11%, the company revealed in a recent government filing. As of the second quarter, Berkshire’s holdings of Amazon were worth $947 million. Buffet originally announced his first Amazon investment in May. […]
It’s time to add another caveat to the ongoing U.S.-China trade war. One of the world’s largest and most revered hedge fund managers, Ray Dalio, believes China could use it’s massive holdings of U.S. debt to harm America — if Beijing wants. “We have a debtor-creditor relationship, not just a trade relationship. And that can […]
Forced retirement is a problem many folks are grappling with these days. Around 37% of retirees in the country leave work earlier than they had expected, typically due to health problems, layoffs, shutdowns and cutbacks. Many forced to retire early struggle with their day-to-day expenses as a result of losing their only source of income. […]
As of July 2019, the average price of a hotel room in the United States was $135 a night. Renting a hotel room in a large metropolitan city costs $236 a night on the average. An elite, upscale hotel room in New York City costs about $327 a night. Even the more affordable budget hotel chains, […]
