Invest
Is Your Money Safe If Your Bank Fails?
- Is Your Money Safe If Your Bank Fails? - March 20, 2023
- Silicon Valley Bank Just Failed – Are We All Screwed? - March 13, 2023
- Crypto Staking: Passive Income Generator or Scam? - February 27, 2023
Bank failures are kind of like hurricanes. When the weather’s nice and people are out barbecuing, they’re the last thing on your mind. But when one appears out of nowhere and starts bearing down on your neighbourhood, the ones who prepared for it are the ones that turn out OK while everyone else will get their homes destroyed. Well, with the recent failure of Silicon Valley Bank, followed by First Republic and Credit Suisse teetering on the edge of disaster, hurricane season is now upon us. How prepared will you be if your bank suddenly fails? Fortunately, being prepared for […]
Silicon Valley Bank Just Failed – Are We All Screwed?
- Is Your Money Safe If Your Bank Fails? - March 20, 2023
- Silicon Valley Bank Just Failed – Are We All Screwed? - March 13, 2023
- Crypto Staking: Passive Income Generator or Scam? - February 27, 2023
After a relatively mild start to 2023, it was starting to seem that all the talking heads predictions of an imminent recession were way overblown. Until Friday, that is. That’s when this happened. Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history. California regulators closed down the tech lender and put it under the control of the US Federal Deposit Insurance Corporation. The FDIC is acting as a receiver, which typically means it will liquidate the bank’s assets to […]
Crypto Staking: Passive Income Generator or Scam?
- Is Your Money Safe If Your Bank Fails? - March 20, 2023
- Silicon Valley Bank Just Failed – Are We All Screwed? - March 13, 2023
- Crypto Staking: Passive Income Generator or Scam? - February 27, 2023
You’d think that after Bitcoin’s stunning fall from grace, plummeting from $50,000 USD per BTC all the way down to $16,000 USD at the beginning of the year, we’d stop getting questions about cryptocurrencies. But as the price of BTC has recovered somewhat ($23,884 USD right now), interest is starting to return to the beleaguered crypto space. And with it, the questions. I’ve been reading about crypto staking, and apparently I can make 10%+ in interest just by holding my money in crypto, like a savings account! Why would I invest when I can make this much guaranteed? Anonymous reader […]
Canadian Housing: Buy the Dip or Dead Cat Bounce?
- Is Your Money Safe If Your Bank Fails? - March 20, 2023
- Silicon Valley Bank Just Failed – Are We All Screwed? - March 13, 2023
- Crypto Staking: Passive Income Generator or Scam? - February 27, 2023
In an interview to a Quebec investment club, the Bank of Canada governor Tiff Macklim reaffirmed our central bank’s official stance that they were pretty much done with interest rate hikes, at least for now. Canadian economists breathed a collective sigh of relief, as it looked like the damage to our housing market caused by rapidly rising interest rates was coming to an end. If new data are broadly in line with our forecast and inflation comes down as predicted, then we won’t need to raise rates further,” Macklem said in a speech to financial analysts in Quebec City. “Inflation […]
Our 2022 Portfolio
- Is Your Money Safe If Your Bank Fails? - March 20, 2023
- Silicon Valley Bank Just Failed – Are We All Screwed? - March 13, 2023
- Crypto Staking: Passive Income Generator or Scam? - February 27, 2023
Happy 2023, everyone! While I have no idea what 2023 will bring, it would be pretty hard for it to match last year’s casserole of crazy. Inflation, war, spiking gas prices, and the fastest interest rate increase in history made last year a true head-spinner. Personally, I’m rooting for 2023 to herald in that goddamned “Roaring 20’s” we were promised when the pandemic ended. Well, as you know, we here at Millennial Revolution know how to party. So of course FIRECracker and I spent New Year’s Eve knee deep in spreadsheets so we could write this post. So without further […]
