GameStop: How its Stock Was Used to Weaponize The Market; How to Protect Your Nest-Egg.

The takeaway: GameStop is a declining company, whose stock enabled one investor to turn $53,000 into $48 million in barely 18 months.  The stock’s unlikely investors have driven its share price to new heights, savaged Wall Street hedge funds, and caught the eye of Congress, due to fears their actions are roiling financial markets.  It’s … [Read more…]

Fixed Annuities: Higher Rates Than CDs. Worth it?

  The takeaway: Fixed annuities are like CDs, except you earn a higher rate.  Even better, your interest grows tax deferred.  But there are steep penalties for early withdrawal.  And tax treatment isn’t particularly favorable to your heirs.  Look before you leap. $$$ Part six in a series on annuities that will appear here from … [Read more…]

Book Review: The Psychology of Money. (Hint: It’s All About Your Soft Skills!)

Black and white retro photo of flirtatious woman looking a viewer with large book

The takeaway:  How we succeed or fail with money is not based on our income, education, occupation, or investing skills.  Instead, it’s based on factors like our behavior, attitude, and humility to name a few.  These attributes are money “soft skills.”  If there were ever a time to master the soft skills of money, it’s … [Read more…]