Month: July 2021

My dad just shrugged his shoulders and said…
“What can you do?”
I had just shown him this chart…

My dad’s casual reaction was very different from mine…
The chart depicts how much a saver has been able to earn from $100,000 stashed in a savings account over the past quarter century.
When my parents were winding up their careers in the mid-’90s, a $100,000 savings account balance generated annual interest income of more than $5,000.
Today, that same $100,000 in a savings account generates $100 – virtually nothing!
For retirees of my parent’s generation, this is absolutely brutal and unfair.
These people worked for 30 or 40 …read more […]

My dad just shrugged his shoulders and said…
“What can you do?”
I had just shown him this chart…

My dad’s casual reaction was very different from mine…
The chart depicts how much a saver has been able to earn from $100,000 stashed in a savings account over the past quarter century.
When my parents were winding up their careers in the mid-’90s, a $100,000 savings account balance generated annual interest income of more than $5,000.
Today, that same $100,000 in a savings account generates $100 – virtually nothing!
For retirees of my parent’s generation, this is absolutely brutal and unfair.
These people worked for 30 or 40 …read more […]

My dad just shrugged his shoulders and said…
“What can you do?”
I had just shown him this chart…

My dad’s casual reaction was very different from mine…
The chart depicts how much a saver has been able to earn from $100,000 stashed in a savings account over the past quarter century.
When my parents were winding up their careers in the mid-’90s, a $100,000 savings account balance generated annual interest income of more than $5,000.
Today, that same $100,000 in a savings account generates $100 – virtually nothing!
For retirees of my parent’s generation, this is absolutely brutal and unfair.
These people worked for 30 or 40 …read more […]

My dad just shrugged his shoulders and said…
“What can you do?”
I had just shown him this chart…

My dad’s casual reaction was very different from mine…
The chart depicts how much a saver has been able to earn from $100,000 stashed in a savings account over the past quarter century.
When my parents were winding up their careers in the mid-’90s, a $100,000 savings account balance generated annual interest income of more than $5,000.
Today, that same $100,000 in a savings account generates $100 – virtually nothing!
For retirees of my parent’s generation, this is absolutely brutal and unfair.
These people worked for 30 or 40 …read more […]

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The following list of the best performing cryptos of 2021 is determined by YTD% increase. When it comes to crypto, the mainstream media likes to follow the old news adage: “If it bleeds, it leads.” And, although there has been some blood in the water recently, the fact remains that crypto has been faring phenomenally well since the beginning of 2021. From the news reports, for instance, one might bemoan the fate of Dogecoin holders, ignoring the fact that DOGE was trading at a penny on January 1 of 2021.
If we’ve learned anything this year, it is that a bit …read more […]

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When evaluating a company’s current financials, accounts payable is an important figure to consider. What is accounts payable (AP)? It’s a summary of current debts owed to vendors and suppliers. Depending on how you look at it, AP represents upcoming due, a short-term loan and/or obligations to partners. Regardless of perspective, it’s easily summed up in one word: liabilities. This is what a business owes.
Accounts payable factors heavily into cash flow, since it represents the outflow of funds. As such, its advantageous for companies to prolong this outflow. This is often a double-edged sword: companies have more cash on-hand …read more […]

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