May 07, 2019
Index Funds, Chart of the Week, Stocks, Investing
From Innosight's research on Creative Destruction:
Key insights include:
The 33-year average tenure of companies on the S&P 500 in 1964 narrowed to 24 years by 2016 and is forecast to shrink to just 12 years by 2027 (Chart 1).
Record private equity activity, a robust M&A market, and the growth of startups with billion-dollar valuations are leading indicators of future turbulence.
A gale force warning to leaders: at the current churn rate, about half of S&P 500 companies...
May 03, 2019
Economics, Paying for College, Insurance, Investing, Retirement, Current Events
The jobs numbers were released today. 263,000 jobs were added and unemployment is now measured at 3.6%, a 49-year low. The NYT just published a primer explaining how this is measured.
A second NYT article explains why it has taken so long for wages to rise in the recovery, and which sectors are experiencing the most wage growth.
Paying for college
Apparently states in search of educated folks to fill jobs are offering assistance with student loan debt as a lure. (WSJ)
Apr 26, 2019
Financial Literacy, Paying for College, Career, Payment Types, Investing, Economics
Interesting data/graphs in this piece from pymnts.com on Americans’ inability to save money and how they manage their bills and debt.
(Forbes) lists the six things high school graduates should have access before moving on in life….and yes, financial education is #1.
Could early financial education lead to higher earning? (Benzinga)
There are great anecdotes in this piece about not making your personal finance lessons (books, blogs, etc.) too...
Apr 19, 2019
Financial Literacy, Career, Investing, Behavioral Finance, Payment Types, Retirement, Current Events
NGPF is in this list of quality free curriculum (and training) for personal finance teachers—no excuse for not being prepared!(Marketwatch)
Need some inspiration this weekend? Read this Marketwatch piece about Troy Murphy’s pursuit of spreading financial literacy. NGPF fellow Kerri Herrild’s Giving Project and Daniel LaSalle’s Philly Financial Cooperative are the beneficiaries of Troy’s work. Then listen to the podcasts Tim has done with all...
Apr 19, 2019
Investing, Podcasts, Stocks, Behavioral Finance
What follows is a summary of the Investing panel discussion held at the NGPF Summit in mid-March 2019 in San Francisco. The all-star panel included Bill Bernstein, financial theorist, neurologist, and financial adviser/author, and Jonathan Clements, WSJ columnist, author, educator and blogger at the HumbleDollar.com. Apologies for the inconsistent sound quality.
4:25~12:42 The stock market game’s traps
12:42~24:20 Importance of friends and...
Apr 12, 2019
Financial Literacy, Investing, Payment Types, Career, Cryptocurrencies, Current Events
Our second list of Financial Literacy Month includes some extra articles on the topic.
An interview with the CEO of Chase Consumer Banking highlights her passion for financial literacy. (NYT)
Annamaria Lusardi presents data/research on why financial literacy matters. (CNBC)
Along similar lines, the St. Louis Fed discusses what financial literacy is. (St. Louis Fed)
MarketWatch republished one of Jonathan Clement’s Humble Dollar posts with the 45 steps to having a...
Apr 09, 2019
Chart of the Week, Investing, Stocks
Hat tip to NGPF Fellow Charles Kafoglis for sending a note to me highlighting this set of charts from Callan Associates. Think of the chart below as the periodic table for stock market returns for various asset classes (think stocks and bonds, U.S. based and international). Each column represents one year and each box represents a specific asset class which has a specific color assigned to it. The percentages reflect the returns for that specific asset class. There's a lot to unpack here but...
Apr 05, 2019
Financial Literacy, Current Events, Economics, Investing, Paying for College, Insurance
The list is a bit longer today--perhaps more good stuff is popping up during Financial Literacy Month. In any case, there should be something for everyone here!
Financial Literacy Month
CNBC to recognize Financial Literacy Month with special coverage all month.(CNBC)
This was today’s CNBC post, crediting you wonderful finlit warriors for helping your students avoid payday lenders!
How much financial education is enough? (Cincinnati.com)
What men can learn from the way...
Apr 03, 2019
Chart of the Week, Investing, Stocks
Hat tip to Morning Brew for highlighting this chart in their daily newsletter.
With a flood of IPOs about to hit the market (Pinterest, Uber and AirBNB to name a few), I thought this chart was an important reminder that not every tech IPO goes BOOM!
Why do you think that companies like GoPro and Fitbit have struggled so much as public companies? (Hint: are there other products similar to theirs?)
Square is a top performer. Do you know what business they are in? Do...
Mar 29, 2019
Paying for College, Personal Finance, Advocacy, Current Events, Economics, Investing, Taxes
The value of Financial literacy is getting some traction ahead of financial literacy month. (WSJ)
Apparently the yield curve inverted last week and recession talk is on the rise. Here is a quick one on the subject from Forbes.
Here is a slightly meatier one on the inverted yield curve from SLATE.
New World (Retail) Order
Can Apple change TV/streaming? What will Apple morph into next? (Bloomberg)
Here is what Apple announced on Monday. (CNBC)
Can Amazon change grocery...
Mar 22, 2019
Financial Literacy, Credit Cards, Investing, Taxes, Economics, Identity Theft, Paying for College
We all know that April is Financial Literacy Month. Forbes will publish this piece on why financial wellness matters. Earlier this month, Forbes also published an article on how Financial Literacy keeps athletes from going broke. Keep the articles coming, Forbes!!!
April may be a good time for everyone to do a little financial health checkup. Here is a refresher on limiting potential impact of identity theft. (USA Today)
The Federal Reserve announced no...
Mar 20, 2019
Video Resource, Credit Cards, Financial Scams, Compound Interest, Investing, Stocks
I wanted to share some cool new videos that we have come across in our travels:
Three Psychological Tricks to Help You Save Money (TED Talks; 5 minutes); hat tip to Yanely for connecting us to Wendy; hope to have her on podcast in the future.
Backgrounder on the Payday Lending industry (PBS NewsHour; 4 minutes); good opportunity to discuss the financial pitfalls of payday lending, it's fee structure and the role of regulation in consumer protection.
Mar 15, 2019
Paying for College, Behavioral Finance, Economics, Insurance, Investing, Financial Literacy, Taxes
Happy St. Patrick's Day! Happy Reading!
The story of the week has to be this one about the college entrance bribery. (WAPO) (Inside Higher Ed)
While we are on the subject, this next article highlights the class differences in the college experience as poor kids tell rich colleges what they are experiencing. (EdSurge)
And most people are surprised to learn how low the college completion rate is: (NPR)
Student Loan Hero surveyed 1000 people across all generations about their debt. One...
Mar 11, 2019
Question of the Day, Investing, Stocks
Hat tip to Beth Tallman for the idea for this question!
Snap just marked its second anniversary since going public on March 2, 2017 at a price of $17/share. Today it trades at $9.48, a 44% drop from its IPO price so investors who bought the IPO hype are licking their wounds.
Facebook went public on May 18, 2012 at a price of $38/share. Two years later, it was about $61/share, a 60% increase from its IPO price and as of March 8, 2019 the stock trades at $169. ...
Mar 08, 2019
Personal Finance, Investing, Financial Literacy, Economics, Employment, Career
Interesting news here: Philadelphia just banned “cashless” stores. Will any other cities follow? This could spark an interesting discussion. The WSJ article includes graphical representation of who spends cash and when. (WSJ)(NPR)
This blog summarizes highlights from this month’s WSJ Journal Report on Investing in Funds and ETFs. One key article answers the top six questions about 529 plans. (WSJ)
More about Lyft’s IPO and how...