Bank That Fueled 2008 Housing Crash Calls Bitcoin ‘Greatest Bubble in History’

Bank of America investment strategists are now calling the rise and fall of Bitcoin in late 2017 and early 2018 “one of the greatest asset price bubbles in history.” After nearing $20,000 in mid-December, the virtual currency fell to $6,598 in mid-April. It trades this morning at around $8,050. Merrill chief investment strategist Michael Hartnett […]

First Three Months of Stock Market Ends with a Whimper. Where to Now?

After a decade of uninterrupted rising share prices, investors were in for a rude awakening — the S&P 500 has posted its first quarterly loss since 2015 and the bond markets did not fare much better. Investor apprehension is rooted in the onset of an entirely new and dramatically different investment climate. Many investors are […]

Got $1 Million Saved Up? Do This to Maximize Social Security Income

Middle-income people who have saved and invested for retirement should wait until age 70 to claim Social Security income, according to new research. The data show that is the best approach to retirement-income planning for people who have saved between $100,000 and $1 million. Steve Vernon, a research scholar at the Stanford Center of Longevity, […]

#RoastMe: The 11 BEST Mark Zuckerberg Congressional Testimony Memes

As we all awaited Facebook CEO Mark Zuckerberg’s testimony before the House Energy & Commerce Committee, we expected some interesting headlines to arise. No, not really. But the Internet saved the day by unloading on the young, tech-savvy billionaire with hundreds of Zuck memes. The crowd on Capitol Hill is certainly grilling Zuckerberg over his company’s handling […]

Crypto Traders Whose Sold Bitcoin at the Top Face a Difficult Tax Season

Investors enriched by the 2017 bull market in cryptocurrencies now face hefty tax liability and increased scrutiny from the IRS. The IRS treats cryptocurrency as property, not currency, for tax purposes. So every exchange of a digital coin for something else is a taxable event. Many investors who sold one type of cryptocurrency to buy another […]