Long-time Dinks readers will know that we're not shy about FinTech investing opportunities. A few weeks ago, I found a neat little start-up in California called SMBX. It is building a crowdfunded marketplace for small business bonds — a historical first. It's an interesting company, so we're covering it in depth here. Before we launch into this, here's what you need to … [Read more...] about SMBX: Bonds for Socially Conscious Investors With an Appetite for Risk
If you're like us DINKs, you're probably wondering how to improve your financial bottom line. The recent covid related economic slowdown has torpedoed some people budgets, so some options for seeing immediate gains to one's net worth are limited. One way to immediately improve your bottom line is to pay off your debts. There are several advantages in doing so. First, … [Read more...] about Rough Times: Pay Off Your Debts
I was chatting with a friend the other day, and her sister messaged her on Skype. Her sister was curious as to about how much she should be spending on common household expenses. Well, I was also curious and decided to hit the books to see what good rules of thumb are. According to the Motley Fool, you might consider the following very rough guidelines: Housing and … [Read more...] about How Much Should You Budget?
The phrase “the grass is greener where you water it” means that the more you work on your personal romantic relationships, the better they become. However, properly watering the grass requires significant time and investment in your relationship. … [Read more...] about The Grass Is Greener Where You Water It
I spend a lot of time on the internet, especially on personal finance blogs. Over this weekend I came across this posting. Evidently its written by a couple from Alaska. The interesting thing is...they have a lot of debt. Not just like a few thousand on a couple of credit cards, they owe about $232,000 in multiple vehicle loans, student loans, credit cards, and personal … [Read more...] about Couple has $232,000 In Debt – How Does That Happen?
Everyone is looking for a fast buck in the stock market these days, but they forget there just isn't any substitute for following good basic advice. So here is a list of personal finance advice that works. 1) Pay Off High Interest Debt. If you have any credit card debts, payday loans, title loans or other high interest garbage, pay it off. Credit cards will charge you … [Read more...] about Don’t Forget The Basics
In 1758, Benjamin Franklin, the original blogger, wrote an essay called The Way To Wealth. The essay is basically a collection of advice and adages from 25 years of Franklin's Poor Richard's Almanac. I'm presenting it here because most of what Franklin said in 1758 is still applicable today. Especially the themes of hard work and frugality. Here are some notable … [Read more...] about Personal Finance Advice From 1758
The biggest thing to happen in the markets this year is the action on GameStop, Inc. You've probably heard whats happening, but briefly summarized small traders, using internet forums like reddit, 4chan and TikTok, led by a man calling himself “Roaring Kitty” have coordinated to drive up the price of GameStop, Inc. This was made possible by mass use of stock trading apps, … [Read more...] about What’s Driving The GameStop Revolution?
A few weeks back, I took some of the holiday gift money I'd received and put it into small business bonds. I did this via a neat, if not somewhat risky fintech I'd discovered last year. Well, it seems like the bonds are starting to get processed and issued. I just received this in my email today: Even though its electronic, its nice to get the actual bond … [Read more...] about I Love Fintech, or Small Business Bonds For The Win
Here is an example of a K-shaped chart for you. This shows the long time divergence of the amount of financial assets held by the top 10% versus those held by the bottom 50% of wealth percentiles. The graph has different axes, so sit and look at it for a while. In a nutshell, the share of financial assets held by the bottom 50% has declined from 71% in 1989 to 2.3% in … [Read more...] about Sign Of The Times: Massive Divergence Of Financial Assets Of Top 10% Vs. Bottom 50%