Most of the time, I only talk about investments. It is something I consider a joy and a privilege to discuss with you because financial security is one of the most important topics of daily life. But of course, it is a second to health.
With that in mind, I proceed with the premise that: (1) your first priority should be ensuring that you and your loved ones remain safe, taking no more risk than is necessary while the coronavirus spreads; and (2) maintaining adequate liquidity, as unemployment could reach a generational high the longer “shelter in place” type of arrangements remain in force.
Simultaneously, it is also true that the moments of … Read the rest of this article!
In the 1790s, the Bank of New York and the Bank of the United States issued the first ever stock certificate creations of publicly traded stocks for American banks, water utilities, and railroads. Over 400 businesses were created in America’s first two decades of existence, and eighteen of them had their shares traded on a weekly basis (for the rest, you would have to physically contact the owners and get them to sign over their stock certificates to your own in exchange for cash. This was a massive inconvenience, although it came with the side effect of making people actually understood that buying stock meant ownership, and the inconvenience hopefully led to extra … Read the rest of this article!