Buck Bully
Financial news
[Decrypt] A new report from Deutsche Bank says countries need to be ready for the disruption central bank digital currencies may cause. Central bank digital currencies (CBDCs) are likely to transform the way we live, and consumers and financial institutions need to be ready, Deutsche Bank has said. CBDCs could […]
[CNBC, GETTY IMAGES] Unless you were born into a rich family, building wealth can be very hard — depending on the path you choose. Many people look at multi-millionaires and desperately want to know: What’s their secret? How did they get there? What does it take? Those are the things I wanted to know back […]
[Forbes] Almost half of nearly $2 billion worth of bitcoin options to expire—something that could bring a fresh wave of volatility. Bitcoin open interest, effectively traders betting on what they expect the price of bitcoin to be, has climbed to $1.9 billion—around triple what it was just a few months ago, […]
[Forbes] The coronavirus pandemic has turned the established status quo on its head with many businesses and industries still reeling. The world’s biggest banks have seen their valuations plummet, with billionaire investor Warren Buffett bailing out of long-held bank stocks this year—and joining many other investors in betting on gold (though the […]
[The Motley Fool, Getty Images] In some cases, maxing out your retirement account could do more harm than good. If you’re aiming to supercharge your retirement savings, maxing out your 401(k) or IRA may sound like a smart move. As of 2020, you can contribute up to $19,500 per year to your 401(k) and […]
[Business Insider, Getty Images] Billionaire investor Ray Dalio told Bloomberg that the US is in a period of “great risk” because of rising deficits and the uncertainty around the upcoming US election. The most important thing investors can do to manage this risk is to diversify their portfolios by asset […]
[GQ, illustration by Simon Abranowicz] The pandemic hasn’t made talking about money any easier—but it has made it more important than ever. Given that our culture can seem entirely focused on money, it can feel strange how hard it is to actually have a productive conversation about it. That can […]
[The Motley Fool, Getty Images] Pop quiz: How does a 401(k) actually work? You probably know that money comes out of your paycheck and goes into the account, that the government gives you a tax break on your contributions, and that the money grows over time to help cover expenses in retirement. […]
[Fox Business] Rapper isn’t the first celebrity to face SEC action over cryptocurrencies Barstool Sports founder and president Dave Portnoy discusses dipping his toe into cryptocurrency like bitcoin. Rapper T.I. has been charged by the Securities and Exchange Commission with promoting a fraudulent cryptocurrency offering. The regulator said in its complaint that T.I. — whose […]
[Business Insider] When my parents first got engaged, my father went to the library to read about “married peoples’ finances.” The book he checked out recommended tracking every penny of your spending, then budgeting based on your spending. Following that advice for over 50 years has allowed them to buy […]