Meme stocks are all the rage today. For those in the older generation, a meme is a picture used to signify a cultural thought or movement. Memes have always existed, but they have gained popularity with social media that allows a single image to quickly carry a message throughout the world. Meme stocks are companies…
DetailsGrowing up I earned money sweeping floors at my dad’s manufacturing plant. One day I was wandering around the plant fascinated by the huge milling machines. As I stood by one, I grabbed an odd-looking tool and, imagining I was blasting off in a spaceship, touched it against a control panel. The blinding flash, loud…
DetailsNews of the Bill and Melinda Gates divorce, and the enormous cost of such an action, are a reminder that whether by death or divorce, all marriages will legally end and the preparation for such should be part of every financial plan. I remember in my youth first hearing the phrase, “Prenuptial Agreement” or Prenup.…
DetailsWhen I was 15, I went camping with the scouts in Utah’s High Uintah mountains. On arrival a few of us dropped our gear and ran immediately to the lake to fish. That evening we caught something on almost every cast and soon had our limit. Entering camp with tales of our incredible fishing prowess,…
DetailsAt a nice restaurant I saw the sign, “Patio is closed until further notice due to a labor shortage.” This was not the first time I had seen such a sign, so I reached out to a fast-food restaurant owner. He told me that though he has been busier than ever, he may have to…
DetailsLow interest rates have fueled our economy and stock markets for quite some time, and the Federal Reserve (Fed) says we will have them for the foreseeable future. Investors are excited about that. After all, who doesn’t love low interest rates? Few people get through life without taking out loans. Houses, automobiles, education, starting a…
DetailsIn 1990 Michael Jordan set a personal single game record by scoring 69 points against the Cavaliers. After the game, rookie Stacey King, who had scored a single point said, “I will always remember this as the game when Michael Jordan and I combined for 70 points.” That quote came to mind when an investor…
DetailsHedge funds have been in the news quite a bit lately with the now famous Gamestop short squeeze as well as the over-leveraged collapse of the Achegos fund. Both disasters have led investors to once again question whether such vulturous trading strategies should even be permitted. I felt much the same way until I travelled…
DetailsA popular video game is a story-based activity where players build an imaginary life on their own island. One aspect of the game allows players to buy turnips in what’s called a “stalk market” which can then be sold throughout the week at varying and random prices. The selling prices will either result in gains…
DetailsThis Easter weekend I would like to speak to the younger generation, those who in this very difficult time wonder about their future, or if they will even have one. When I got married, I lived in Las Vegas at a time when the nation was suffering through a very painful recession. Unemployment was high and…
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