Today’s bits – Broke lottery winners, choosing avocado toast over real estate, investing secrets from an early retiree

Investing

Surprise! The Very First Marijuana Stock ETF Has Lost Investors Money – The purpose of this ETF (as with all exchange-traded funds) is to help investors spread their risk across a basket of stocks. Instead of having to invest in dozens of pot stocks to be diversified, investors can buy a single ETF that spreads that risk…

Automakers Feeling Squeeze From Investors Despite Strong Sales – After seven years of growth, the auto market is seeing weakness. In April, sales were off by 4.7 percent. That’s despite the continued robust sales of highly profitable SUVs and trucks. That’s no big deal for an industry that just got off of two record…

A Sneak Peek at New Investing Apps – There were a number aimed directly at banks and brokers in the business-to-business space, with a focus on security and “know your customer” functionality. Barron’s was particularly interested in those that can be used by individual investors and traders.

Money

4 lottery winners who lost it all – It’s important to remember that money doesn’t solve life’s problems. In fact, many lottery winners’ lives took a turn for the worse, and they also managed to lose all the money.

Money 101: Financial advice for college grads – “If you have extra money left after filling out your budget, evaluate where you are financially,” advises Cruze. “If you have any debt, put the extra funds toward that first until all of the debt is paid off. Once the debt is paid off, you should …

I retired at 52 with a $3 million net worth — here are the 10 worst money mistakes anyone can make – To avoid this bad money move, you need a will and the other documents that account for good estate planning – probably at least Patient Advocate and Medical Records Release documents for most people. And be sure to update them regularly as your life …

17 Essential Money Tips for Married Couples – As unromantic as it sounds, finances play a big role in how successful—and how happy—your marriage will be. Money is the No. 1 cause of stress in relationships, according to a survey by SunTrust Bank, and having financial arguments is the top …

Microsoft says ransomware attack should be a ‘wake-up call’ for governments – Microsoft’s president and top lawyer said Sunday that the ongoing cyberattacks — which experts are calling the largest in history — should be a “wake-up call” for governments. Hackers have used “ransomware” to freeze at least 200,000 computers so far …

This secret Amazon refund loophole allows you to get your money back on purchases WITHOUT having to return a thing – AMAZON shoppers who want a refund for items they have bought from the website are being allowed to keep the product and the money. The unofficial policy from the online retailer tells customers not to bother returning items but only if they are under …

1 in 5 Americans Loses Sleep Worrying About This Money Problem – Few things can be as stressful in life as worrying about money. From medical bills to insurance and debts, no doubt it’s something on many people’s minds. Creditcards.com recently conducted a survey to better understand what money matters are keeping …

Millennials

How to Afford a House When You’re Spending All Your Money on Avocado Toast – If you’re a millennial and having trouble saving up for a home, Australian millionaire Tim Gurner has some simple advice for you: stop eating so much avocado toast. You’ll never be able to save for a home that way.

First job, first car, first apartment: The smartest things to do with your money in your 20s – How do you juggle those costs with planning for your future? Everyone’s situation and needs are different, but read on to find out the first, smartest thing to do with your money in five common situations you might face in your 20s.

Retirement

Higher life expectancy, shorter work spans mean a longer retirement period: Get financially ready – Experts say most have not understood what this switch means and are not planning enough for their retirement. “Most new government employees are aware of the 2004 cut-off, but are not able to visualize the impact.

How to Create a Retirement Plan in 15 Minutes – It’s better to save something than nothing, so if coming up with a precise retirement plan is a deal-breaker for you, the next best option is to fall back on a simplified retirement plan. This system will work for the majority of savers to ensure that …

 

image credit: Kjokkenutstyr Net

Add Comment