The Senate Republicans' Better Care Reconciliation Act is not really about “care,” as in healthcare. It's more about rolling back Medicaid.Read More »
At just 27 years old, the blogger behind the Money Wizard — who goes by the pen name Sean online — has banked more than $181,000. "Probably what's most driving me [to retire early] — I just want freedom," he told Business Insider. Ultimately, Sean's philosophy for building wealth is based on calculating the value of his time, in dollars.
Warren Buffett's top lieutenant, Charlie Munger, told a small group of investors that the simple strategy of buying only service company stocks made former Vice President Al Gore very wealthy. "Al Gore has come into you fellas business. Hedge fund manager Whitney Tilson in one of his email newsletters pointed to the YouTube videos of Munger's informal question-and-answer session held after the Journal meeting, and other investors have confirmed the subject matter of the talk.
"You'll know it's the 'big top' when millennials start buying," Bank of America (BAC) analyst Michael Hartnett said in a note Friday. Millennial investment is the classic late-cycle signal. Millennials have only 30% of their assets allocated to equities, whereas older age groups have 46%. Once the catch-up begins, the market could be nearing a peak before a downturn, according to Business Insider. The uptick in mobile trading platforms might stir more millennials to invest in equities since they already spend a great deal of time on mobile devices. Most millennial trades skew toward futures and derivatives, TD Ameritrade (AMTD) Director of Trading Victor Jones said. Hartnett said the end of