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Number One Indicator of People Who Retired with Dignity

Spoiler alert: Savings rate. 
https://youtu.be/Y0cibIa1N38

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Honest Advice About Getting Rich

Emotional Benefits of Strong Money Management

Originally published by Schwab, Inc. -- Even in the best of times, money concerns can cause a lot of stress. But according to a recent survey by the National Foundation for Financial Education, nearly 9 in 10 Americans say that COVID-19 is making money a primary cause of anxiety. Add to that the need to juggle working from home, child care, home schooling and health concerns and people are being stretched to the limit.

Understandably, people are worried about their financial future. Equally understandably, they often don't feel like they have the energy to deal with it. But as overwhelming as it can seem, there are strategies to help you cope and stay calm. As I wrote recently, you may have to think differently to get through these times, but there are ways to do it. And it starts with awareness.
Be aware of what you can control First realize that no matter how uncertain you may feel, there are some financial things you can still control. That in itself will help ease your stress. …

Dan Crenshaw on Socialism and the role of government

Dan Crenshaw, R-TX, speaks to Arizona State University students on socialism, taxation, gratitude, the role of government and other subjects of interest. Liberty is ordered freedom. Well worth the 51 minutes of your time.

https://youtu.be/Z45r0OUS4Gg


A surge in day trading: Are people gambling their stimulus checks?

From Barron's: Boredom seems to be driving a surge in day-trading, Randall Forsyth reports. The one-time stimulus checks have often been used to bet on stocks. Sports gamblers without sports are now betting on companies without customers. According to TD Ameritrade, page visits to its “education center” spiked 280% in April compared to last year. These retail traders could be an extra source of liquidity -- and volatility -- during the normally quiet summer months.

A full-blown retail mania has taken hold in buying and selling small lots of stocks and options, says Jim Bianco, head of the eponymous Bianco Research, who over the years has been in front of the big trends in markets, in part because he watches things that conventional indicators don’t pick up.
From Bloomberg: Forget buy-and hold. Stuck at home and dreaming of a killing, bored retail traders are branching out into all manner of Wall Street exotica.

Darting in and out of stock options, dabbling in complicated exchange-tr…

The economics of California vs. Texas

https://youtu.be/6Svc7GLUqd4

Why are millions of people leaving California and moving to other states? What do those states have that California doesn’t? PragerU’s first mini-documentary explores the root causes of this mass exodus from the Golden State. “Fleeing California,” featuring PragerU’s own Will Witt, sheds light on one of the most significant but underreported stories of our time.




Crenshaw on why America is divided over reopening

Americans are deeply divided over the reopening of the country, and like most everything else these days, it’s political. In an op-ed for The Wall Street Journal, Rep. Dan Crenshaw (R-TX) breaks down why. “Liberals emphasize the dangers of an open society, shaming those who want to go back to work. Conservatives argue the opposite. Red states are steadily reopening, while most blue states lag,” he writes. “House Democrats believe it isn’t safe for lawmakers to go back to work, while the Republican-controlled Senate is back in session.” One explanation advanced is that liberals will do, say, and desire the opposite of whatever President Trump believes, he says. There’s also the geographic breakdown—the urban vs. rural divide, although this is not as black and white as it seems. And finally, the economic devastation of the shutdown may be felt less by the left-leaning and college-educated who are more likely to be able to work from home, while less educated, working-class Americans hav…