When the FTX exchange collapsed and filed for bankruptcy in November 2022, reverberations rippled across the cryptocurrency universe. Investors across the board lost millions, from venture capitalists, hedge funds, and large asset managers (known as “whales”) to tiny accounts of a few thousand dollars. It is widely assumed that smart money always makes the right […]
Financial News
Is All Information Priced Into Markets Already?
Does the most recent stock quote reflect all knowable details? Does fair market value inherently predict a security’s prospects, like a biological gene that contains a compressed DNA code? To test whether analysis improves predictions, in 1988, The Wall Street Journal sponsored a contest between professional investors and another team who threw darts randomly. The […]
What Happened With the Debt Limit?
The issue of raising the debt limit has been resolved, at least until January 2025, and we can all breathe easier now that the United States can continue to pay its debts. Hopefully, in the future, Congress will find a way to eliminate this boondoggle or at least to work around it, as was done […]
401(k) and IRA Limits Rise for 2023
Good News for those with 401(k)s and IRAs The IRS has announced we will see 401(k) and IRA limits rise in 2023, and that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. This also applies to 403(b), most 457 plans, and the federal […]
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