I take almost no interest in bitcoin or any other cryptoasset as a store of value or investment (although there's no reason the technology couldn't be useful in other ways), but there's one specific mistake I often see people make that I want to offer a friendly correction to. Bitcoin are not discrete units When people talk about stocks they frequently say things like, "if … [Read more...] about What did you “miss” in the bitcoin bubble?
My go-to resource for high-interest savings and checking accounts has long been depositaccounts.com, which has a pretty good list of accounts offering unusually high interest rates on deposits when you meet certain requirements, usually connected to either debit or credit card spending activity, or both. Such accounts are great; what's not to love about high-interest, FDIC- and … [Read more...] about Is this the next high interest savings opportunity?
I was having a conversation with a young investor yesterday when I mentioned in passing my view that the latest clue that the market cycle is ending is when an enormous corporate tax cut became not a possibility, but a certainty, and share prices didn't budge. In other words, the market had already fully priced in the special dividends and share buybacks we'll see over the next … [Read more...] about The only investment you’ll ever make that matters
One of the first posts I wrote here was about the 529 scam. I explained that 529 plans are a way for wealthy individuals to permanently shield an almost unlimited amount of assets from taxation, and that the scam was made sustainable by the very large number of middle class people saving a very small amount of money who are absolutely convinced that 529 plans are a way to save … [Read more...] about The effect of estate tax repeal on the 529 scam
Every once in a while you come across a seemingly insignificant coincidence that gives a different perspective on a question you thought you understood the answer to. I had one of those moments the other day when, for the second time in the course of a few weeks, a popular economics Twitter account dismissed my suggestion that he open a high-interest checking by saying "That … [Read more...] about The real reason arbitrage opportunities last so long