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Reddit Pulser/wallstreetbets
Kudos to you for talking to people. I carry the weight of what I've done to my family alone. It's hard but it's better after not day trading for 8 months.
A meme-stock holdover funded his trading by making only minimum credit card payments, and the bill came to more than $159,000 in losses and a home sale. Leverage does not have to come from margin to wipe you out.
MARKET OPEN
Asia
- 🇭🇰 Hang Seng—
- 🇨🇳 SSE Composite—
Hong Kong opens within a fraction of Friday's close, leaving the index flat while mainland funds rotate out of Hong Kong names and into tech. The next move hinges on whether Beijing delivers stimulus beyond the measures already priced in.
A Rookie NBA Card Sold for $8.04 Million. A Collector’s Windfall May Never Add a Dollar to His Social Security Earnings
A collector sells a card worth millions and walks away richer than he ever imagined, yet the windfall does something unexpected to the Social Security record he spent decades building.
MARKET OPEN
Nikkei 225🇯🇵 JPX
+0.10%
400.05
Tokyo opens barely changed, a holding pattern ahead of the Bank of Japan policy meeting that decides whether the next rate hike lands this quarter. The yen is the tell: any shift there moves Japanese exporters fast.
A Judge Allows Former NFL Player’s Roundup-Related Cancer Lawsuit to Move Forward. A Retiree Could Win a Settlement and Still Owe Medicare Thousands
A federal judge just cleared Merril Hoge’s Roundup cancer lawsuit to move forward, but the bigger financial trap for retirees pursuing similar claims has nothing to do with winning or losing in court.
Middlesex Water, MetroCity Bankshares and Kontoor Brands Raised Their Dividends. Which Raise Is Built to Last?
A water utility, a community bank, and a denim maker all raised their dividends this week, but each payout runs on a completely different engine, and only one has the track record to prove it can survive whatever comes next.
A $100,000 Long-Term Care Insurance Payout Could Protect Another $100,000 in Assets When Medicaid Takes Over
When a retired schoolteacher’s long-term care policy ran dry, Medicaid stood ready to drain what little savings she had left. But one word printed on her policy rewrote the rules entirely.
Reddit Pulser/personalfinance
I’m 39 (Filipino) and last year I told my 72 year old dad that I’ve been investing the last several years, and his response was: “Oh the stock market? Oh yeah, I knew a family friend that tried doing that back in the day” So no, I was raised all my life not knowing what investing was.
254 comments and almost none say they learned investing at home, which is why so many people hold a 401(k) for years without knowing how it works. The cost of that gap is years of compounding.
Reddit Pulser/personalfinance
Paying off cheap debt by reducing your liquidity is among the worst choices you can make Why would you even consider this?
An unemployed 59-year-old wants to drain 56% of a $700,000 IRA to pay off a 3.2% mortgage, and the sub's verdict is unanimous: that converts cheap debt into a taxable withdrawal and gutted liquidity right when a job is hardest to find.
3 Dividend ETFs With Over $10 Billion Each Pay Up to 3.31% and Beat the S&P 500 Over the Past Year
Three giant dividend ETFs each cleared a benchmark most yield-focused funds struggle to touch, yet their five-year records tell a starkly different story about what income investing actually costs over time.
Selling $300,000 of GLD Bought Five Years Ago Means a $162,713 Gain Taxed as a Collectible, Not a Stock
GLD trades like a stock but the IRS does not treat it like one, and the difference in your tax bill when you finally sell could be far larger than you expect.
T-Bills Yield Up to 4.45%. Why Would Retirees Choose Dividend Stocks?
Treasury bills are paying rates that beat several household-name dividend stocks right now, but the retiree who chases that yield without reading the fine print may find their income cut in half before the decade ends.