An Anti-Masker’s Argument for Universal Masking During the COVID-19 Pandemic

Just because something doesn’t confirm your existing beliefs does not mean it’s a hoax.

–Stephanie Ruhle

This is an argument for enacting a strict mask compliance ordinance for the COVID truthers who believe this is all a hoax.

Let’s assume that masks are utterly ineffective and that COVID is just a hoax generated by some worldwide cabal that is determined to take your rights away.

Regardless of whether or not masks work and COVID is real, there are a lot of people who believe it is real.

About a month ago, 64% of Americans believed the CDC, who is stating Read the article

Growing the Economy Will Not Solve Systemic Racism

We want to see a world where black lives matter in order for us to get to a world where all of our humanity is respected.
–Alicia Garza

On June 5, 2020, the jobs report came in better than expected. Unemployment was only 13.3%, compared to expectations of 20% unemployment. Accordingly, the S&P 500 went up 2.62%.

But black unemployment actually increased during the same time period.

All of this happened during a backdrop of Black Lives Matter protests across the country, and President Trump saying that the key to solving systemic racism is to have … Read the article

Is Owning a Home a Necessary Part of a Retirement Plan?

Fort Worth, Texas based Certified Financial Planner Jason Hull of Hull Financial Planning firmly believes that owning a home is not a necessary part of a retirement plan.

A study by Walter D’Lima of Old Dominion University and Paul Schultz of Notre Dame showed that real estate investors outperform general market indices, but only when they:

  • Live near the investment property
  • Buy without a mortgage
  • And have experience in real estate investing

Furthermore, those investors earn less when the live in the house.

Typically, the average person will buy a property … Read the article

Prepare Your Money for a Recession

While the coronavirus induced recession is forcing all of us to reevaluate our financial behaviors with a close eye for detail, these are habits that will serve us well whenever life has returned to normalcy, which, hopefully, is sooner rather than later!
  1. Cut living expenses. In times when we are not worried about negative financial outcomes, we tend to spend more extravagantly. Often, the things that we spend money on are things that don’t actually provide us with a lot of psychic value, or that we perceive as too onerous to
Read the article

Should Millennials Use Roboadvisors?

For whom would a robo-advisor be a good choice?

There are only a couple of situations where I think that robo-investors (I really call them robo-investors, as they’re not robo-advisors, such as myfinancialanswers.com) are appropriate for a millennial:

You are absolutely, positively, never going to rebalance your portfolio, and you want to put money into something and completely forget about it. I still would rather see someone invest in a low-cost target date fund, such as Vanguard’s target date funds, than see someone pay over the top for a robo-investor.

You have … Read the article