In better times, Hertz took out a big loan and put up their vast inventory of cars as collateral. COVID-19 caused the lender to worry about getting their money back, so they called in the loan. Hertz doesn't exactly have much cashflow right now, … [Read the rest]
In early retirement discussion forums, you'll often see the term OMY, which refers to people who have reached their calculated retirement savings target, but decide to keep working "One More Year". Sometimes that one more year becomes two more … [Read the rest]
If you like having a complicated portfolio and owning exotic asset classes for diversification, you might want to prepare yourself before reading Skating Where the Puck Was: The Correlation Game in a Flat World by William Bernstein. Most of the … [Read the rest]
Update: Offer is back again, but sold out quickly last time! Amazon has brought back a good deal for Prime members interested in a cheap Echo Dot (newest 3rd generation). Sign up for a 1-month Amazon Music Unlimited membership for $7.99, and … [Read the rest]
It used to be that you were supposed to use your experience from the 2008 stock market drop to help understand your true risk tolerance. Well, now we have a more recent reference point in the 2020 stock market drop. Allan Roth reminds us that … [Read the rest]
The The Money Diaries series at Wealthsimple continues to offer periodic interviews with an interesting mix of people sharing about their financial lives. I'd never heard of Carson Mell, but I appreciated how he cared most about doing what he wanted … [Read the rest]
A recurring theme in investing is that you start out learning the simple basics, then you feel like you can optimize things and spend a lot of effort trying to do so, and eventually you realize that simple is probably just fine. No matter how … [Read the rest]
Another month of slight rate drops, although bank accounts can still beat out Treasury bonds and/or brokerage cash sweep options by a significant margin. Here's my monthly roundup of the best interest rates on cash for June 2020, roughly sorted … [Read the rest]
I am re-reading a series called "Investing for Adults" by William Bernstein. By "Investing for Adults", Bernstein means that he assumes that you already know the basics of investing and that he can skip to more advanced insights. There are four … [Read the rest]
Citibank has tiered $200, $400, and $700 bonus offers when you open a new eligible Citi checking account by 6/30/20 and deposit and maintain a certain balance for 60 to 150 days. There is also a $1,500 bonus if you have $200,000 to move over. … [Read the rest]
My family enjoys watching Kid's Baking Championship on Food Network, and I'm always impressed how many of these 8-13 year-old contestants have a side baking business! Last weekend, the WSJ article How Etsy Became America’s Unlikeliest Breadbasket … [Read the rest]
The NYT has a new Suze Orman comeback piece called Suze Orman Is Back to Help You Ride Out the Storm. I'm old enough to feel nostalgia over the peak Suze Orman years, and it was interesting to read how some of her advice as changed: Some of Ms. … [Read the rest]
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