Today’s Chart of the Day is a reminder that investing in the “next big thing” can be fraught with risk, and, in this case, cannabis-related companies are the focus. My finance professor at the University of Florida, Dr. David Nye, always said, “Hindsight is always 20/20,” and in this case, this is very apparent.
Between 1980 and 2020, the price of college tuition increased by over 180%, according to Forbes Investor. In 2022 and 2023, the average cost of college tuition ranged from approximately $11,000 for public colleges to $40,000 for private ones. Needless to say, going to college requires some financial planning.
Today’s Chart of the Day and commentary is from Invesco and shows three instances when cash balances were high — following the 1991 and 2002 recessions, the 2008 Global Financial Crisis, and the 2009 European debt crisis — and calculates what $12,000 invested yearly in the stock market for 10 years would have been worth.
Today’s Chart of the Day from Visual Capitalist shows the impact of missing just a few positive days over the last 20 years. If you've followed the blog for a while, you already know that missing just a few days can be devastating to your account.
Nearly 40% of parents are hesitant to talk with their kids about money, but home is one of the best places to teach financial planning. Showing kids how to save, budget, spend, and invest can help set them up for success in the future. Here, we’ll give some suggestions on how to discuss money management with your kids, based on their age group.
Today’s Chart of the Day comes from Lance Lambert, @NewsLambert on Twitter, who works for Fortune Magazine. The chart shows total inflation by decade going back to the 1990s.
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