There are many different types of economies - communism, socialism, capitalism and democratic socialism. We tend to use the terms concretely, which necessarily introduces inaccuracies and, as such, they serve as excuses not to think and to hold economic beliefs that discourage explorations of the mismatch between theory and practice. Do you know exactly how they differ? Read on.
Read More »Retiring? Don’t Just Go By the 4% Rule – Its Handy But Too General
To help make sure your retirement income covers your needs and lasts for a lifetime, you need a custom plan. The 4% rule of thumb is a handy starting point, but it’s too general. Get specific to find your very own retirement number.
Read More »Pay Less In Car Insurance – Here’s How
There are plenty of ways to cut your car insurance premium, including these 9 tried-and-true methods.
Read More »How Does Your Expected Annual Retirement Spending Compare With Other Americans?
Planning for retirement can be a daunting task. How much money will you need? What will your retirement spending look like? In this graphic from we show the expected annual retirement spending of Americans.
Read More »China’s Launch Of World’s First Government-backed Cryptocurrency (e-Yuan) Puts USD As World’s Reserve Currency At Risk
China has taken an unprecedented step towards cryptocurrencies and blockchain technology and launched the world’s first government-backed cryptocurrency on November 2nd, 2021, and, if the digital yuan succeeds, and weakens the USD too much, the dollar’s status as global reserve currency could also be at stake.
Read More »Gold/Monetary Base Ratio Suggests A Significant Monetary Event On the Horizon (9K Views)
We could be close to major financial/monetary crisis and it is most likely that it could happen during a major stock market crash and recession.
Read More »The Black Economics of Black America
The McKinsey Global Institute's report “The economic state of Black America: What is and what could be” identifies critical gaps Black Americans face in their roles as workers, business owners, savers and investors, consumers, and residents served by public programs.
Read More »Wealth: Creating A Roadmap To Get There (Chapter 5)*
A road map to wealth is a timeline of dollars expected along the way and this chapter explains how to do so. Words: 1593
Read More »Americans: Use CUSIP Numbers When Buying Canadian Exchange Listed Cannabis Stocks – Here’s Why & How
It is easy for Canadian investors to execute orders for cannabis stocks using their Canadian symbol but it is not as straight forward for those individuals (i.e. Americans) using non-Canadian brokerage houses because many brokerage houses and online brokers don't know the symbols for the cannabis penny stocks you might wish to buy. That's where the use of CUSIP numbers can be very helpful.
Read More »True Portfolio Diversification Includes Owning Some Alternative Investments
From my perspective, true diversification is more than just a balance of conventional investments spanning cash, equities and fixed income. There’s a vast universe of alternative investments out there that may suit your risk profile and are worthy of a closer look. Let’s discuss.
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