Late in 2013, with bitcoin prices in the middle of a steep dip, a post appeared in an online forum featuring a misspelling that would become legendary: “I AM HODLING.” The mangling of the word “hold” captured a kind of irreverent blind faith of some early cryptocurrency adopters, and it has since become a part…
How US Banks Are Dipping Their Toes in the Crypto Water
Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity of cryptocurrencies to offer related services to clients. Here is how some of the biggest banks operating in the United States have gotten involved in crypto: Custody Services Bank of New York Mellon announced in February…
Prices Are Up Everywhere With Inflation. Except in My 401(K)
Inflation does not discriminate. Just like it’s squeezing everybody’s wallet, it’s hitting almost every investment in a retirement account. Stocks have been shaky this year, with the S&P 500 at one point dropping more than 10 percent from its record, mostly because of inflation worries. Bond prices have also tumbled. Before gold’s recent spurt due…
How Home Improvement Funds Upgrade Your New House to a Home
If you’re preparing to buy a home, you’ve probably been saving up for the down payment and other closing costs. But if that nest egg can only get you through the front door, it may not be enough. Once you own the home, you also own its peeling wallpaper, aging water, heater, and the carpet…
What Your Parents Never Taught You About Money
By David Delisle So, where do we even start? The idea of teaching financial literacy can seem overwhelming. Just the words, financial literacy, can bring up images of complicated math, charts, and boring lectures. Well, that’s the good news. Financial literacy doesn’t have to be difficult to teach. In fact, the most important lessons don’t…
Free Your Money: Strategies for Keeping Your Money in the Best Place Possible
Have you recently come into some extra cash? It doesn’t matter whether you’ve inherited money, earned a bonus, or sold your house for a profit. Having this spare money gives you a wonderful opportunity to build up your savings or solidify your retirement plan. But, when it comes to choosing the right place to stash…
Don’t Sell Yourself Short
Dear Dave, What’s the best way to invest a one-time lump sum of $2,500? My plan is to leave the money alone and let it grow for a long time. —Karole Dear Karole, Some people play single stocks on one-time investments like this, but I don’t like that idea. Single stock investments don’t consistently generate…
Where Should He Park the Money?
Dear Dave, Our son is 13, and he has been doing some part-time work for a friend of the family. He makes $40 to $60 a week, and he would like to begin investing the majority of what he earns. Do you have a suggestion for a good place he could put his money? Lindsay…
ESG Investing—The Great Wall Street Money Heist
Commentary Wall Street is once again in the midst of a “money heist” from naive investors. This time in the form of “woke activism” called ESG. ESG refers to the Environmental, Social, and Governance risk theoretically embedded in a business. However, while ESG investing is about taking these risks into account in investment decisions, these are all the things NOT…
Make an Impact With Investing?
Dear Dave, A friend recently mentioned something called impact investing to me. What exactly is this? How do impact investment funds perform, and what do you think about them? Carson Dear Carson, Impact investing generally aims to benefit society, while providing a profit for the investor, by investing in companies, funds, and organizations that are aligned…
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