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Even the most practical men lived their lives unaware they were in the thrall of the ideas of some dead economist - John Maynard Keynes

మొహమాట పడితే ముండకి కడుపు వస్తుంది.

The key components of a financial system:

  1. The bond market
  2. The stock market
  3. The insurance market
  4. The real estate market
  5. The extraordinary globalization of all these markets that has taken place over the past 20-30 years.
  6. Bankrupcy

Credit and debt are among the essential building blocks of economic development, as vital to creating the wealth of nations as mining, manufacturing or mobile telephony.

Hedge funds - what do they mean? How do they work? What does hedging mean?

Understand longs (bets on rising prices)and some were shorts (bets on declining prices).

The subprime-mortgage crisis 14 years ago - the trouble was a series of increasingly irresponsible loans. As long as housing prices kept rising, lenders ignored the growing risks. Only when homeowners stopped paying did reality bite: The banks all had financed so much borrowing that the fallout couldn’t be contained.

wired articles

  1. As Bitcoin Falters, Crypto Miners Brace for a Crash - https://www.wired.com/story/bitcoin-mining-crisis/
  2. How Bitcoin Tracers Took Down the Web’s Biggest Child Abuse Site - https://www.wired.com/story/tracers-in-the-dark-welcome-to-video-crypto-anonymity-myth/
  3. Trump’s Quest for Crypto Riches Is a Constitutional Scandal Waiting to Happen https://www.wired.com/story/trumps-quest-for-crypto-riches-is-a-constitutional-scandal-waiting-to-happen/
  4. Trump, Cryptocurrency, and the Real Winners and Losers https://www.wired.com/story/uncanny-valley-podcast-trump-cryptocurrency/
  5. He Thought He Could Outfox the Gig Economy. He Was Wrong - https://www.wired.com/story/gig-economy-uber-lyft-doordash-jeffrey-fang/

TODO

Articles about Economy, Finance, Money

Credit cards

  1. 9 Perks of Credit Cards That Cash Just Can’t Offer https://www.investopedia.com/articles/pf/10/credit-card-debit-card.asp
  2. 6 Purchases You Should Never Make With Cash https://www.investopedia.com/purchases-you-should-never-make-with-cash-and-what-to-use-instead-8712198
  3. Credit card debt among retirees jumps — ‘It’s alarming,’ researcher says: https://www.cnbc.com/2024/11/11/credit-card-debt-among-retirees-jumps-significantly.html?utm_source=pocket-newtab-en-us

Other

  1. Apple’s $1 Trillion Value Doesn’t Mean It’s the ‘Biggest’ Company https://michiganross.umich.edu/rtia-articles/apples-1-trillion-value-doesnt-mean-its-biggest-company
  2. Why You Should Think Twice Before Mimicking the Investments of Billionaires Like Warren Buffett https://www.investopedia.com/downsides-to-copying-billionaire-investments-11757073
  3. Why an Average Investor Can Outperform a Harvard-Trained Hedge Fund Manager https://www.investopedia.com/how-average-investors-outperform-hedge-fund-managers-11745091
  4. Master the Market Crash with Warren Buffett’s Playbook: Key Dos and Don’ts https://www.investopedia.com/here-s-what-warren-buffett-says-you-should-do-and-not-do-when-the-stock-market-crashes-11808994
  5. Fed Data Shows How Much 45–54-Year-Olds Have Saved—Are You on Track? https://www.investopedia.com/fed-data-shows-how-much-45-54-year-olds-have-saved-are-you-on-track-11809372
  6. Warren Buffett Warns Parents: Revise Your Wills Now to Avoid Future Complications https://www.investopedia.com/warren-buffett-warns-parents-revise-your-wills-now-to-avoid-future-complications-11807247
  7. The ‘Die With Zero’ Strategy: A Radical Plan That Might Actually Make More Sense Than Saving https://www.investopedia.com/the-die-with-zero-strategy-a-radical-plan-that-might-actually-make-more-sense-than-saving-11804142
  8. Prepare Your Portfolio for a 50% Slide: Insights from Warren Buffett’s Partner https://www.investopedia.com/prepare-your-portfolio-for-a-50-slide-insights-from-warren-buffett-s-partner-11802894
  9. How Warren Buffett’s Berkshire Hathaway Outpaced the Federal Reserve in Treasury Bill Ownership https://www.investopedia.com/why-warren-buffett-s-berkshire-hathaway-now-owns-more-treasury-bills-than-the-federal-reserve-11807572
  10. How DOGE Could Impact Your Social Security Benefits https://www.investopedia.com/doge-could-impact-your-social-security-benefits-heres-how-11723762
  11. How to Use a Brokerage Account to Fund a Micro-Retirement (Without Touching Your 401(k)) https://www.investopedia.com/using-a-brokerage-account-to-fund-a-micro-retirement-11724016
  12. Why Wealthy Americans Are Dying Earlier than Wealthy Europeans and What This Means For You? https://www.investopedia.com/wealthy-americans-and-mortality-11716348
  13. Your 3% Dividend Yield Could Be 9%—Here’s What You’re Missing https://www.investopedia.com/your-dividend-yield-could-be-higher-11719459
  14. Understanding Jerome Powell’s Role: How the Fed Chair’s Influence Affects You https://www.investopedia.com/understanding-the-fed-chair-11725498
  15. When Experts Say ‘The Stock Market Is Not the Economy,’ What Do They Mean? https://www.investopedia.com/the-stock-market-and-the-economy-11713642
  16. How Long Do Bear Markets Last? https://www.investopedia.com/how-long-do-bear-markets-last-11712555
  17. Understanding investment goals and goals based investing: https://investor.vanguard.com/investor-resources-education/investing-goals
  18. How the US-China Trade War Could Change the Economy https://www.investopedia.com/economists-see-few-winners-in-us-china-trade-war-11715135
  19. https://qz.com/2143330/retirement-savings-policies-need-an-innovative-update/
  20. https://qz.com/2185504/how-much-money-would-you-need-to-live-your-ideal-life/
  21. 9 Asset Classes for Protection Against Inflation: https://www.investopedia.com/articles/investing/081315/9-top-assets-protection-against-inflation.asp
  22. 4 Economic Indicators That Move Financial Stocks: https://www.investopedia.com/ask/answers/031015/what-economic-indicators-are-important-investing-financial-services-sector.asp
  23. How Thanksgiving and Black Friday Affect Stocks: https://www.investopedia.com/ask/answers/102714/how-stock-market-affected-thanksgiving-and-black-friday.asp?hid=0bb0ba0786f48a5445150a7559e5483d67a17c50&did=15409236-20241117
  24. Market Timing Tips Every Investor Should Know: https://www.investopedia.com/articles/active-trading/043015/market-timing-tips-rules-every-investor-should-know.asp?hid=0bb0ba0786f48a5445150a7559e5483d67a17c50&did=15409236-20241117
  25. How Much Do You Need to Make to Afford a $4,000 Mortgage Payment? https://www.investopedia.com/how-much-do-you-need-to-make-to-afford-4000-dollar-mortgage-payment-8738639?hid=0bb0ba0786f48a5445150a7559e5483d67a17c50&did=15409236-20241117
  26. https://articles.smartasset.com/top-wealth-management-firms/index.php
  27. https://www.cnbc.com/2024/09/08/how-life-planning-founder-george-kinder-thinks-you-should-manage-money.html
  28. 2 tech stocks to buy and hold for long term: https://finbold.com/2-tech-stocks-to-buy-and-hold-for-long-term/
  29. Meet the Newest Addition to the S&P 500. The Stock Has Soared 845% Since Early Last Year, and It’s Still a Buy Right Now, According to 1 Wall Street Analyst.: https://www.fool.com/investing/2024/11/16/meet-the-newest-addition-to-the-sp-500-the-stock-h/
  30. This 50-year-old Seattle woman found out she owns $18M in a single stock, but has ‘no idea’ what to do with it — here’s why Dave Ramsey instructed her to seek ‘safety’ for her savings ASAP: https://moneywise.com/investing/indiana-woman-single-stock-18m
  31. A boomer who retired with a $2 million net worth despite working modest jobs shares his advice on retiring comfortably: https://finance.yahoo.com/news/boomer-retired-2-million-net-182202531.html
  32. 5 differences between index funds and mutual funds I’m glad I finally know: https://www.msn.com/en-us/money/other/5-differences-between-index-funds-and-mutual-funds-i-m-glad-i-finally-know/ar-AA1t9FVs?cvid=9103a193319f4fc7a7c03f10da7037ec&ei=53
  33. Couples and Money: When Together Is Better - http://kiplinger.com/article/saving/t065-c000-s002-couples-and-money-when-together-is-better.html
  34. America’s hollow middle class - https://www.vox.com/the-goods/22166381/hollow-middle-class-american-dream
  35. https://getpocket.com/explore/item/even-some-high-income-americans-can-t-afford-new-cars-anymore?utm_source=pocket-newtab-en-us
  36. https://247wallst.com/economy/2024/10/22/this-foreign-country-holds-more-u-s-debt-than-any-other-and-its-not-china/
  37. https://finance.yahoo.com/news/dividend-investor-making-5-300-170020766.html
  38. https://247wallst.com/investing/2024/10/22/dividend-etfs-that-pay-you-monthly/
  39. https://www.investopedia.com/articles/retirement/111516/how-retire-millionaire-without-401k.asp_content=102724
  40. https://www.investopedia.com/wave-goodbye-to-the-stock-market-s-historic-run-goldman-sachs-says-8731471
  41. https://www.investopedia.com/articles/pf/08/speding-holiday.asp
  42. https://wealthup.com/best-long-term-stocks-to-buy-aug-14-2024/
  43. Roth IRAs and Backdoor Roth Accounts: Which Is Right for You? https://sba.thehartford.com/media/podcasts/backdoor-roth-iras/?cmp=EMC-SC-SBA_240305-53831543&eml=1
  44. Mega backdoor Roth
    1. https://www.nerdwallet.com/article/investing/mega-backdoor-roths-work
    2. https://www.nerdwallet.com/article/investing/backdoor-roth-ira
    3. https://www.nerdwallet.com/best/investing/roth-ira-accounts
  45. https://www.fool.com/investing/2024/03/02/ultra-high-yield-dividend-stocks-passive-income/
  46. https://www.sofi.com/learn/content/average-pay-in-the-united-states/?placement=deepdive2&type=DN&product=insights
  47. https://cepr.net/report/preying-on-the-dying-private-equity-gets-rich-in-hospice-care/
  48. https://moneywise.com/investing/investing-basics/warren-buffett-once-claimed-that-the-vast-wealth-gap-in-america
  49. https://247wallst.com/investing/2024/06/26/want-26000-in-passive-income-invest-120k-in-these-dividend-stocks/
  50. https://www.cnbc.com/2024/07/12/horizontal-wealth-transfer-women-set-to-inherit.html
  51. https://arstechnica.com/features/2024/01/how-a-27-year-old-busted-the-myth-of-bitcoins-anonymity/
  52. Why Did Cars Get So Expensive: https://www.theatlantic.com/ideas/archive/2024/04/car-insurance-price-increase/678131/
  53. The Deep and Enduring History of Universal Basic Income: https://thereader.mitpress.mit.edu/the-deep-and-enduring-history-of-universal-basic-income/
  54. https://lendgo.com/heloc/pa/?tg_ref=atfeb24ffnatheloc&camp_id=mid110&keyword=SGTBLIYOAHBFYIS&sub2=cioyhewaycmr
  55. Biden’s vs. Trump’s economy, in 8 charts: https://www.vox.com/politics/24094752/biden-trump-strong-economy-2024-inflation
  56. US dollar scarcity threatens Bolivia’s ’economic miracle’ - https://apnews.com/article/bolivia-economy-us-dollar-42f815800dd18eb0952590bb8b968cfd
  57. US inflation still stubbornly high despite August slowdown - https://apnews.com/article/inflation-economy-prices-f2270f4c6ac55c084108d57cc1aec53a
  58. Russia’s war at 6 months: A global economy in growing danger - https://apnews.com/article/russia-ukraine-inflation-covid-health-2f23aa3df0f2f6916ad458785dd52c59
  59. The World Economy Is Suddenly Running Low on Everything - https://www.bloomberg.com/news/articles/2021-05-17/inflation-rate-2021-and-shortages-companies-panic-buying-as-supplies-run-short
  60. ‘I am a 53-year-old single man with very little savings’: I want to take out a 30-year mortgage, but pay it off in 7 years. Is that possible? - https://www.marketwatch.com/story/i-am-a-53-year-old-single-man-with-very-little-savings-i-want-to-take-out-a-30-year-mortgage-but-pay-it-off-in-7-years-is-that-possible-11654046306
  61. My parents-in-law sold their home and bought an RV. They have $200K in the bank. How can they protect their assets from being used for nursing-home costs? - https://www.marketwatch.com/story/my-parents-in-law-sold-their-home-and-bought-an-rv-they-have-200k-in-the-bank-how-can-they-protect-their-assets-from-being-used-for-nursing-home-costs-11654679032
  62. The Death of the Department Store: ‘Very Few Are Likely to Survive’: https://www.nytimes.com/2020/04/21/business/coronavirus-department-stores-neiman-marcus.html
  63. https://www.nytimes.com/2019/12/12/business/economy/economy-recession.html
  64. https://www.theatlantic.com/newsletters/archive/2022/07/building-house-expensive-market-inflation-nimby/670596/
  65. https://www.wsj.com/articles/zillow-offers-real-estate-algorithm-homes-ibuyer-11637159261
  66. https://www.nytimes.com/2021/01/01/upshot/why-markets-boomed-2020.html
  67. https://www.wsj.com/articles/the-economic-recovery-is-here-rebound-jobs-stock-market-unemployment-biden-aid-package-11622642152
  68. https://apnews.com/article/jpmorgan-wells-fargo-citigroup-pnc-earnings-df61f7fb6c1658904643d9b8452a1ce6
  69. https://www.wsj.com/articles/saving-for-retirement-now-you-can-bet-on-bitcoin-11624613435
  70. https://www.bloomberg.com/features/2020-exxonmobil-coronavirus-oil-demand/
  71. https://www.marketwatch.com/story/i-am-a-53-year-old-single-man-with-very-little-savings-i-want-to-take-out-a-30-year-mortgage-but-pay-it-off-in-7-years-is-that-possible-11654046306
  72. https://apnews.com/article/bolivia-economy-us-dollar-42f815800dd18eb0952590bb8b968cfd
  73. https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
  74. https://www.wsj.com/articles/older-americans-35-trillion-wealth-giving-away-heirs-philanthropy-11625234216
  75. https://www.vox.com/the-goods/22166381/hollow-middle-class-american-dream
  76. https://www.marketwatch.com/story/this-is-a-daunting-time-to-retire-in-the-age-of-inflation-there-are-steps-you-can-take-to-deal-with-higher-prices-11652788348
  77. https://www.marketwatch.com/story/my-parents-in-law-sold-their-home-and-bought-an-rv-they-have-200k-in-the-bank-how-can-they-protect-their-assets-from-being-used-for-nursing-home-costs-11654679032
  78. https://www.investopedia.com/financial-edge/0810/the-7-best-places-to-put-your-savings.aspx
  79. Love and Money—and How They’re Connected: https://www.wsj.com/articles/love-and-moneyand-how-theyre-connected-11605917843
  80. Financial Pitfalls of Choosing a Lump Sum After a Legal Settlement https://www.investopedia.com/lump-sum-financial-pitfalls-11759915

Tags

  1. The three major competing philosophies of how societies can be organized
    1. Capitalism
  2. Asset classes and Investing
  3. Assets vs Liabilities
  4. Banking
  5. Books about finance
  6. Budgeting
  7. Compound interest
  8. Consumerism
  9. Credit Cards
    1. Cash back
    2. Travel credit cards
    3. Store credit cards
    4. When does it make sense to use balance transfer cards?
  10. Debt
  11. Economic inequality
  12. Economies of countries
  13. Emergency reserve fund
  14. Expenses
  15. Fannie Mae
  16. Freddie Mac
  17. Fiscal Policy
  18. Federal Reserve System
  19. Financial IQ
  20. Financial literacy and education
  21. Financial Evolution And Innovation
  22. Finance terminology
  23. Getting Started Towards Financial Independence
  24. Globalization of finance
  25. Great Gatsby curve
  26. Hostile takeovers
  27. Industrial revolution
  28. Inflation
  29. Leverage
  30. Lottery
  31. Mind Your Own Business
  32. Modern economy
  33. Overcoming financial obstacles
  34. Philosophies about finance
  35. Pay yourself first
  36. Planning for retirement
  37. Planning for death
  38. Poverty
    1. Why do The Poor STAY Poor by Thomas Sowell
    2. Keep them poor by Robert Kiyosaki
    3. Where should we draw the poverty line?
  39. Prevent identity theft
  40. Prominent families that made money in the money business
  41. Recessions
  42. Saving for kid’s college education with 529 plans
  43. Saving money
  44. Scams and crazy stories related to money
  45. Side hustles or Business Ideas
  46. Taxes
  47. The four ways to spend money according to Milton Friedman
  48. The Gold Standard
  49. The History and The Power of Companies
  50. The Rich vs The Poor
  51. To do items for Financial Independence
  52. Work
  53. Wall Street
  54. How do Health insurance plans and Dental insurance plans work?
  55. Year-end financial checklist

Reading material

Look at these articles.

  1. The Beach Bum Who Beat Wall Street and Made Millions on GameStop
  2. If You’re So Smart, Why Aren’t You Rich?
  3. The 9-9 percent is the new american aristocracy

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