Every election cycle, health care is always a topic of conversation. Republicans say that Obamacare was a failure but generally are scant on the details of a new plan. Democrats say that Obamacare was a success but want to replace it with Medicare for All. Yes, I know Joe Biden said he was not in favor of Medicare For All, but by expanding the public option (Medicare), we will get there. It will just take longer.
I am not here to shake my fist at the sky and say Washington needs to get their act together; instead, I am putting this piece out to share an idea I have spent a fair amount of time thinking through and that I have shared with people in the medical field to get feedback for refinement. …
Since the onset of stay-at-home orders, a new breed of traders has taken center stage on Wall Street. With nothing to do, these individuals took their government stimulus money and put it to work in the stock market.
Better known as the Robinhood traders, this whole cohort is nicknamed after the trading app Robinhood because this application was the first to offer no commission trading to the masses. No fees have now basically become the standard and have created a resurgence in retail investing.
These investors were initially known to crowd positions in speculative COVID stocks like cruise lines and now bankrupt Hertz. …
“Stakeholder capitalism is a system in which corporations are oriented to serve the interests of all their stakeholders,” according to Investopedia. The term stakeholder in this sense includes all the employees, customers, local communities, and now is beginning to encapsulate the world as companies become multi-national.
The concept has been trotted out as a counter to the notion that Milton Friedman championed in the 1970s called Shareholder Capitalism. At its simplest explanation, shareholder capitalism says that a corporation’s number one responsibility is to maximize profits for people who own shares in the company (the owners).
Most people’s understanding of shareholder capitalism ends here. A system where companies’ sole focus is profits can easily lead to the resentment of corporate greed. In an effort for companies to save face, they have begun to champion the term Stakeholder Capitalism. …
If you aren’t a big political junky, you probably didn’t see the headlines around student loan forgiveness. Some Democrat Congresspeople were pushing for President-Elect Joe Biden to pass Student Loan Forgiveness immediately upon entering the White House either through legislation or executive order.
Senator Elizabeth Warren and former presidential candidate tweeted this out on Monday
Democrats have said this would help close the wealth gap that has opened up in our country and could also help minorities who are most affected by student loan debt.
I don’t think this will help at all, and it will actually make the matter worse. …
Liberals may have seen the above headline and thought to themselves: “Oh yes, another Republican who is on the Biden bandwagon!” With Conservatives, on the other hand, may be thinking: “No way, this must be a Never Trumper?”
What is about to happen on January 20 is about to be something that hasn’t happened in over 100 years. The president-elect will be inaugurated without his party possessing a majority in both the House and Senate.
Democrats don’t need to lie. They were not hoping for healing with the 2020 election. …
Retirement is that thing we hear a lot but don’t talk about much. Articles with titles like Here’s How Much You Should Have Saved for Retirement by Age 50 or commercials scaring you into saving for retirement like This Is Getting Old by E-Trade.
It may not seem like a big deal, but if the only time you hear about or talk about retirement is around this kind of media, it can start to take root and shape the way you view retirement.
Based on the commercial, most people see retirement as something that happens when you are older, when you have a lot of money, and life should be easy. …
If you are someone who follows the stock market, you have probably heard of the term SPAC.
A simple search will give you results like:
As you can tell by these headlines, the SPAC obsession isn’t being run by some no names trying to make a name for themselves. These are big-time business leaders. So why are we hearing about it so much now?
I will keep this section short because they are already a million articles describing what a SPAC is. …
I was recently asked, “What can I do to make sure my portfolio works regardless of who wins the election?”
I know some people would answer this with an in-depth strategy of picking these stocks if they think Biden will win, and they would avoid these others like the plague. My answer is straightforward.
I would not dramatically change my portfolio, leading up to an election.
I am a long-term investor. That does not mean I will be investing for a long-time. This is also describing how long I plan to hold onto a stock once I buy it. …
Pass Go and Receive $200.
Some of the best financial lessons are learned in the simple board game of Monopoly. Everyone knows you can’t win Monopoly by just collecting the $200 and hoping you never land on someone’s property. But why do so many of us end up employing that strategy in our adult lives?
Ask yourself how many ways could you pay your rent/mortgage this month?
My guess is probably only one. That means you are employing the Pass Go and Recieve $200 wealth strategy. That strategy doesn’t work in Monopoly, and it doesn’t work in real-life.
There is a difference between being rich and being wealthy. Being rich means, you can go on a nice vacation a couple of times a year, drive a nice car, and live in a big house. But if you lose your job, your way of life dramatically changes like you have to sell your home. In this instance, you are rich, not wealthy. I know there are probably many people who would say that it is a high-quality problem. Still, most people desire that freedom that being wealthy provides, not just the luxuries being rich makes available. The reason I say that is most Americans are rich, based on global standards, and we are still looking for something else. …
It is mid-August, and earnings season has finally begun to wind down. Last week Home Depot, Walmart, and Target shot the lights out of their earnings call and caused the entire market to rally.
If all of that went over your head, you are in the right place. In this article and Ro$$ Mac’s latest Maconomics episode, we cover the basics of earnings season and what you need to know to navigate the next one like a pro.
Earnings happen every three months for a company. Most companies will report earnings around March (Q1), June (Q2), September (Q3), and December (Q4). …