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U.S. Economy Adds 157,000 Jobs in July, Mornings With Maria, Fox Business
Are You In The Top 1% Wealthy Of The World? Daniel Kurt, Investopedia
CS Commentary: This seems crazy low.
The Number Of Millionaires Continues To Increase, Charlotte Wold, Investopedia
CS Commentary: If true, this is an astounding quote from the article: “Credit Suisse also suggests that inequality in the U.S. is on the rise. Although the average wealth is $345,000, the median wealth [emphasis ours] is only $30,000, a significant drop from last year and three times as low as countries with similar average wealth.” That means that half of the people in the US have less than $30K, half have more. A wide disparity! That inequality does not bode well for any future crisis…
Coinbase Now Values Itself At $8 Billion, Michael K. Spencer, Medium
Financial Advisor To Mike Tyson Sentenced To Prison, Nicholas Ader, Wealth Manaagement
Wall Street Exec: Crypto-Blockchain Mass Adoption 5-6 Years Away, Helen Partz, Cointelegraph
Seven Tough Questions To Ask Your Financial Advisor, J.C. Abusaid, Marketwatch
Why Bitcoin Is Not In A Bubble, Seaborn Hall, Advisor Perspectives
Quote: “Bitcoin is the face of blockchains and digital currencies. It might be called part stock, part emerging currency, and part commodity. As a kind of stock, Cryptocurrencies have become – to retail investors – the de-facto face of the blockchain they represent, even though at times, a direct correlation cannot be shown.”
Where Is Bitcoin In The History Of The World’s Greatest Bubbles? Niklas Goke, Medium
Most Americans Plan To Own A Home In Retirement But That Might Be A Mistake, Maurie Backman, The Motley Fool
New Poll Shows Only 2% Of U.S. Investors Own Bitcoin, But 26% Are ‘Intrigued’, Maxwell William, Cointelegraph
Why Major Cryptocurrency Investors Are Betting Against Ethereum, Jeff Kauflin, Forbes
Ex-Trump Advisor Steve Bannon In On Cryptocurrency, Christine Kim, Coindesk
CS Repeat: Top Crypto Picks: Top 20 Alt-Coins, Cryptoclarified
CS Commentary: Repeating the listing of this link which was published in CS a few weeks ago. The article originally came out in June 2018 and it ranks DIG as its #1 alt-coin speculation, saying that it could easily have a 500% upside. However, please note that the information provided on DIG was easily a few months old as of writing, the wallets listed for the airdrop are out of date and incorrect, and the analysis on this coin is one-sided and not up to date. Still, it is interesting that out of 20 coins they choose DIG over EOS, DRED, and BNB as their #1 choice. Something to consider, but review our analysis on DIG here. Also see, cryptoclarified’s full analysis of DIG from late June 2018, here – but our above comments still apply.
Rejection Aside, Calls For A Bitcoin ETF Are Only Escalating, Muyao Shen, Coindesk; Also see, US SEC Commissioner Dissents From Bitcoin ETF Rejection, Marie Huillet, Cointelegraph; Also see, Bitcoin Retains Bull Bias In Spite Of Price Drop Below $8000, Omkar Godbole, Coindesk; Also see, SEC Delays Decision On One Bitcoin ETF Till September – Van Eck Decision Due Next Month, Nikhilesh De, Coindesk
DIG’s Arbitrade To Store Gold On Bermuda, Scott Neil, Royal Gazette
CS Commentary and CS Update on DIG, 7/12/18: There are some worrisome comments here, particularly…See this link for more. Also see, Bermuda Government To Introduce New Regulations On ICO’s And Crypto Firms, Helen Partz, Cointelegraph
Coinbase To Possibly Expand Offerings To 5 Alt-Coins + Ethereum Classic, Ana Alexandre, Cointelegraph
Which Cryptocurrency Is The Most Usable As Money? Simon Chandler, Cointelegraph
Larry Kudlow On Job Numbers, Varney & Co,, Fox Business
Can The U.S. Economy Maintain This Pace Of Growth? Varney & Co., Fox Business
Common Sense Interpretation
(Start Here First To Understand The Investment Arena Big Picture)
How To Know Who To Trust With Your Money: The Fiduciary Pyramid, Seaborn Hall, Advisor Perspectives
How to Know Who To Trust With Your Money II: A Visual Illustration of Fiduciary, Seaborn Hall, Advisor Perspectives
The Bernie Madoff Fraud: Five Lessons For Investors From The ‘Wizard Of Lies,’ Seaborn Hall, Advisor Perspectives
Evaluating The Arguments For The Dollar’s Demise, Seaborn Hall, Advisor Perspectives
How Likely Is Hyperinflation In the U.S.?, Part Two, Seaborn Hall, Advisor Perspectives
Are Cryptocurrencies The Best Investment Opportunity Of The Next Decade? Part II, Seaborn Hall, Advisor Perspectives
2017 Ranking Of RIA’s By Total Assets, Financial Advisor
CS Commentary: A RIA is a Registered Investment Advisor, generally considered to be at or close to the top of the Fiduciary Pyramid in the investment area. For more, see Common Sense Interpretation, above.
CS Commentary: For an explanation of and the importance of Registered Investment Advisors (RIA), see the ‘Fiduciary’ articles in the Common Sense Interpretation section below.
The Biggest And Best Wealth Management Firms, Investopedia/WSJ
CS Commentary: What’s wrong with this list? Notice they are almost all big banks. Most of the big banks charge ‘hidden’ fees that they don’t tell you about and they also charge larger annual management fees. Independent RIA firms charge an average of about 1-1.25% in management fees, plus, in many cases lower ‘hidden’ fees that they fully disclose. (For an explanation of and the importance of Registered Investment Advisors, or RIA, see Common Sense Interpretation section on this page below).
Why is the WSJ bias towards the larger banks? Very few smaller, independent fee only RIAs – of which there are hundreds of top ones – are featured on this list. At the very least this raises a serious question about the criteria used in this study and ranking; at the most, it raises questions about the objectivity and possible bias of the WSJ. Several rankings around the globe seem much more reliable than these WSJ rankings, among them, Financial Times annual Top 300 global RIA’s ranking and the annual Forbes RIA ranking.
JD Power 2018 Bank Satisfaction Survey, JD Power
The Best Crypto Exchanges, May 2018, Cryptoclarified
The Top 10 Cryptocurrency Blogs & Websites You Should Follow, Cryptoclarified
The History Of Bitcoin In One Chart, Kevin Werbach, Medium
Cryptocurrency 101, Ben Yu, Medium
CS Commentary: A good article for the basics on crypto relative to money, in general, but some warnings…See this link for more.
The 10 Commandments Of Crypto Security, Panama Crypto, Medium
Cryptocurrency Regulation Update June 2018, Phil Glazer, Medium
The Crypto Stable Coins That You Need To Know About, Reece Barclay, Medium
State of Cryptocurrencies Summer 2018, Adam Taché, Medium
CS Commentary: An interesting survey of known and little known coins, but highly technical and of more use to self-described crypto-geeks than the average investor.
Understanding The Retail Bitcoin Exchange Coinbase And Its Professional Trading Sister, GDAX, Jack Tatar, The Balance; Also see, Coinbase Vs. GDAX, The Merkle; Also see, GDAX Vs. Coinbase Comparison, Coin Central
Coinbase Review: Safe Way To Buy Cryptocurrency? Coin Central
More Common Sense
Author’s Estate Sues ‘To Kill A Mockingbird’ Broadway Production, Alter/Paulson, NY Times
State Of CA Votes To Officially Secede From Reality, Babylon Bee; Also see, Harvard Now Offering 4 Year Degree In ‘Feeling Oppressed,’ Babylon Bee; Also see, Democrats Announce All 2020 Candidates Will Forego Armed Security To Protest Gun Violence, Babylon Bee
It’s Been 43 Years Since He Vanished – What Happened To Jimmy Hoffa?, Real Clear Life; Police Capture Alleged Child Killer Who Taunted Them For Decades, Steve Huff, Real Clear Life
A Spike In Liver Disease Among Young Adults Fueled By Binge Drinking, Paul Chisholm, NPR; Also see, The Rise Of Binge Drinking And How To Prevent It, CDC Fact Sheet; Living And Dying On Airbnb, Zak Stone, Medium; Russian Warship Carrying 100 Billion In Gold Found In Waters Off S. Korea, Express.co.uk; Man Says Prominent Catholic Cardinal In America Abused Him For Years, Sharon Otterman, NY Times
Tom Cruise’s Greatest Stunt, Real Clear Life
Tom Hardy: Pretty Ugly And Full Of “Venon,” Thelma Adams, Real Clear Life
10 MLB Players Set To Break Out, Matt Johnson, msn.com
Enjoy Your 41st Birthday Brady – Could Be Your Last In The NFL, Real Clear Life; Video: Falcon’s Best Team In NFC? Bleacher Report
MLB Power Rankings: Where All 30 Teams Stand 1 Week From Trade Deadline, Joel Reuter, Bleacher Report; Pro Football Focus Predicts Falcons Win NFC South, JuliaKate E. Culpepper, AJC; Also see, Fox Sport’s Colin Cowherd Predicts Falcons Win NFC South, AtlantaFalcons.com; Matt Ryan’s Camp Brotherhood Held In California, D. Orlando Ledbetter, AJC; Video: Five Off-Season Falcon Headlines
What To Watch: ‘The Sinner’ And ‘Better Call Saul,’ Real Clear Life
The Recipe For “Narcos” According To The Real-Life DEA Agents Who Lived It, Lee Ferran, Real Clear Life
Quotes Of The Month:
“The real man smiles in trouble, gathers strength from distress, and grows brave by reflection.” — Thomas Paine