According to a Federal Reserve report from 2016, the average homeowner that year had a household wealth of $231,400, compared to the average renter who had a household wealth of just $5,200, which means the average net worth of a…
Category: Economy
Off the top of your head do you know about how much in stimulus payments your family has received over the past 12 months? I read and follow a lot of economic and political news, but with so many different…
Capitalism on the way up and socialism on the way down: Full disclosure: I’ve owned airline stocks since Jan 2021 which has been 🔥🔥🔥 for my wallet so far. I personally don’t approve of handing out billions of taxpayer dollars…
For anyone interested in crypto, the CFA Institute just published an excellent document in my opinion to explain what crypocurrency is, what it is not, and what it might become in the future: Even if you’re not into crypto, I…
I’m a little late to the party, but I finally purchased some cryptocurrency last month, $15,000 worth of Ethereum, and the results so far have been a little ridiculous. 90% gain in less than a month: At a high level…
Very fascinating explanation in my opinion about why the stock market boomed in 2020 even though COVID substantially reduced spending in certain sectors and caused millions of Americans to lose their jobs: Essentially the government pumped a ton of money…
In spite of COVID the stock market had a relatively good year in 2020. The S&P 500 (or the “market”) which just measures the stock performance of 500 large companies listed on US stock exchanges finished 16.3% higher in 2020….