The next thing to worry about: Investor overconfidence
In Friday's Breakfast with Benjamin, the downside of a multi-year bull market in stocks: Investors get overconfident. Plus: If oil drops to $30 look out below, not all hedge fund workers are rich, and what the IRS is looking for now.
- The down side of a multi-year bull market in stocks is that investors stop worrying so much about financial security. Sometimes, a little fear is a good thing. A credit card is not a long-term backup plan
- With crude oil at around $46 a barrel, it’s not too early to start worrying about what happens if it gets to $30. Rhymes with ‘global recession’
- Turns out most hedge fund employees are not millionaires. But they’re far from impoverished with starting salaries of between $72.5K and $190K.
- Heads up, tax planners. Here are 10 things the IRS says you should be reporting. Any cash or valuables you find are taxed
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