My mother passed away in first quarter 2021, leaving me a designated beneficiary brokerage account and an IRA account.The total amount of these accounts invested in stocks and ETFs was at that time $150,000. Since then, due to the market (or my poor management), those accounts are totaling around $122,000.…
Bobby Bonilla Day: How the former Mets player’s financial feat illustrates the magic of compound interest
If you see Bobby Bonilla popping up all over your social media feeds on Saturday (as it tends to this time of year), it’s because July 1 marks the annual $1.2 million payday for the former third baseman — an event that has increasingly attracted interest from average Americans, even…
Teenagers looking for summer jobs see best labor market since just after World War II
Morgan Skove, 19, an incoming sophomore at Northwestern University, was overjoyed to land a summer gig. “I was relieved that the pressure of finding a job was off and excited to start my first ‘adult’ job,” she said. With plans to pursue a career in business, Skove applied for a sales…
Can the coming AI boom help Micron outrun negative China effects?
Micron Technology Inc. could be approaching a big new semiconductor cycle as it predicts a huge boost from artificial intelligence, but there could be a roadblock in the path. Micron MU reported a third-quarter loss and a 57% drop in revenue Wednesday, after the chip industry’s oversupply hit the memory-chip…
Pickleball injuries projected to account for $377 million this year — here’s how to play safely
As pickleball surges in popularity, so do the costs for treating injured players — to the projected tune of $377 million this year alone in the U.S., according to a new analyst estimate from UBS UBS, +1.30%. But it doesn’t have to be this way, says Dr. Sanjay Saint, co-author…
USPS issues warning over check fraud: Go directly to the post office to mail a check
The U.S. Postal Service has issued a new warning: be careful when mailing checks. The USPS reported a recent surge in attacks on letter carriers and mail fraud, stating that 305 mail carriers were robbed in the first half of fiscal-year 2023, compared with 412 last year. Many of the…
Bad boys: Four dumb ways people just got caught allegedly engaging in insider trading
Insider trading may seem like an easy bet to some, but it’s a dumb way to lose if you get caught.On Thursday, federal prosecutors in Manhattan announced four separate, head-scratching busts of people for allegedly trading on inside information in ways so brazen that it would have been amazing if…
Here are the top-performing ETFs in first half of 2023 as crypto-related funds soar
Hello! This week’s ETF Wrap looks at top performers in the first half of 2023, as well as flows, as stocks rally and crypto-related funds jump so far this year. Please send feedback and tips to [email protected] or [email protected]. You can also follow me on Twitter at @cidzelis and find me on LinkedIn.…
‘Retirement is so traditional,’ try periodic retirement to figure out what’s next
During the recovery from the pandemic several workplace catchphrases generated buzz, including quiet quitting, great resignation, and hybrid work. Expressions like these in the aggregate reflect a much larger conversation rethinking work, purpose, and the good life in the postpandemic economy. I’d like to throw another term into the mix that…
Don’t become a landlord — own these REITs instead
Who would be a landlord? The costs are high, the risks are huge, and the so-called passive income is uncertain.I did it once, and the paperwork alone was enough to drive me nuts. Even before considering the various hassles of finding good tenants; managing the property; and dealing with leaks,…