Paying ourselves first is how Robert Kiyosaki teaches us to get wealthy.

Paying oneself first is something that Kiyosaki, the creator of the well-known Rich Dad Poor Dad book and brand, strongly advocates. Additionally, citing inflation as a reason, he exhorts people to invest their money rather than letting it stay in a bank account. Kiyosaki was broke until he and his wife realised that in order … Read more

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Delays in deposits affect US banks

A processing issue occurred with a batch of bank transactions handled by the Clearing House, which runs the Automated Clearing House system that enables banks to transfer electronic payments to one another. Banks use the ACH system to deliver a variety of payments to its customers, including direct deposit wages and utility and mortgage payments. … Read more

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Is US Bancorp (USB) a Wise Long-Term Investment?

The third quarter 2023 investor letter for the “Davis New York Venture Fund” was produced by investment management company Davis Funds; a copy of the letter can be accessed here. From July 31, 2023, until the completion of the first seven months, the fund generated a return of 25.38%. The fund’s recent performance is consistent … Read more

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Foreign bond buyers are “very concerned” about the US deficit, and there is a significant chance that China and Japan would sell Treasury bonds.

According to TD Securities analyst Gennadiy Goldberg, concerns about the demand for Treasury bonds are being stoked by foreign purchasers, and the prospect of enormous government deficits is rising. He mentioned in an interview with Insider that rising global yields might put pressure on US rates to rise in order to remain competitive. “It’s also … Read more

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A dimming picture for US profits might impede the S&P 500’s recovery.

More businesses that have provided guidance for the upcoming quarter and beyond this earnings season have done so with forecasts that fall short of analysts’ projections. According to statistics published by Bloomberg Intelligence, a measure of forward guidance that contrasts company projections with the Wall Street consensus has only decreased once since 2019. Upon seeing … Read more

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Buy US Stocks, BofA Warns, “Fear Just as Costly as Greed.”

Chief investment strategist Michael Hartnett deviated from his customary pessimistic outlook by stating that technical barriers to an end-of-year surge in the S&P 500 Index had been removed. Additionally, Savita Subramanian, head of US equity and quantitative strategy and an investor in stocks this year, stated that, in comparison to its peak in July, this … Read more

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