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 spend a lot of time listening to podcasts, and when I mention this, people often ask me for recommendations. In general, I don't think I'm a great source of podcast recommendations, because I'm extremely picky and have extremely specific tastes. For example, I can't listen to any of the most popular NPR podcasts because I find them agonizingly overproduced; you don't need to … [Read more...] about Podcast recommendations for January, 2018
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
The tax bill Republicans are planning to pass in the next day or two is not a good bill, and hopefully it will not pass. The fact that people have correctly identified it as a bad bill, however, has given rise to quite a bit of sloppy thinking about why, exactly the bill is so bad. The effect of replacing the personal exemption with a larger child tax credit is genuinely … [Read more...] about Congress wants you to sell stocks to pay your taxes