Regardless of our dreams, we still must contend with the uncertainty of whether we will live one decade or three decades in retirement (the more the better in my view), as well as whether our family will need our financial support or whether we will need theirs.
In the course of its first year any startup will confront issues it had not anticipated. Decisions will be made that are wrong. Every new business is different, and every one will encounter its own unique problems. Here are the lessons we learned from our mistakes at CircleUp in our first year.
The trading risks of HFT may decimate the HFT operation and at the same time greatly affect other market participants. Particularly, in selected markets, unchecked HFT may quickly incur considerable losses, well in excess of any tolerable limits.
The democratization of information that was once held in the hands of the "experts" is fundamentally changing our ability to make decisions for ourselves. So, is it time now to democratize Wall Street? Perhaps.
Besides any job creation impact and economic efficiencies created by an U.S./ EU trade pact, essentially a win win, the pact will enable the U.S. and Europe's economy to be more integrated in order to balance China's growing power in world trade.
Take a look at your 401(k) plan investment options. They are most likely predominately actively managed funds, with management fees of 1 percent or higher. Ask your adviser to justify including these funds in the plan. Don't accept the glib, patronizing response you are likely to get.