To open an insurance exchange in a state, one of the stipulations of Obamacare is for the state to expand Medicaid, the federal insurance program for the poor. Obamacare mandates coverage to be expanded to 138% of the poverty line. …
The City of Detroit has officially declared bankruptcy. (NY Times)
Due to a new initiative passed by lawmakers, new undergraduate loans taken out after July 1st of this year will pay interest rates of just 3.86%. Over the …
Bloomberg Businessweek scorns hedge funds with its cover “The Hedge Fund Myth” and this article’s headline…”Hedge Funds Are For Suckers.” An interesting article that delves into the decline of the hedge fund industry as a whole from alpha generators to …
Some doctors are becoming fed-up with the insurance system in America and are no longer accepting insurance from their customers. The result? “Cash only” doctors are opting for direct payments from consumers. Instead of accepting health insurance for routine visits, …
Michael Kitces has an excellent breakdown of advisor designations that crux of the issue and separates the worthwhile designations from the worthless. He breaks down the recent study by the Consumer Financial Protection Bureau, which identifies 50 different designations and …
Superinvestor Jeremy Grantham, one of the partners of investment firm GMO, offers individual investors 10 lessons for investing success. (GuruFocus)
80% of American millionaires are self-made. One in three millionaires were either born outside of the …
Some interesting figures about the middle class. 32% of Americans now consider themselves lower class, up from 25% in 2008. Half of households are middle income, down from 61% in the 1970’s , the average student will graduate with $35,000 …
Top financial regret among millionaires (57%) is that they had not set up a reviewable financial plan sooner. The second largest response was not regularly accessing the performance of their investments. (Financial Advisor Magazine)
As you can see …
Happy Memorial Day Weekend!
“Long-term care, out-of-pocket health care costs and financial support for other family members take their toll on families.”
“You can exploit price differences by earning money in some countries and spending it in others.” Arbitrage is basically buying something, say gold, in New York at $5 and immediately selling …