GOOD

Financial Literacy Should Be the Norm for Millennials, But Why Isn't It?

My mission was to develop new methods to engage the millennial generation in their personal finances, which took understanding how my peers currently managed their student loans, credit cards, credit scores, and budgeting.

Not many internships for college students list “travel across the United States on a train with a group of entrepreneurs” as a part of the job description. This past summer though, I got to do just that as an intern at Affinity Plus Federal Credit Union in St. Paul, Minnesota.

Keep Reading
Articles

Have 5 Minutes? Use it to Influence Federal Diversity Policy

Stakeholders like us have until December 24, 2013 to provide feedback and recommendations on how to make diversity regulations more effective.

Attention diversity nerds, Christmas came early this year! After three years of anticipation, six of the Offices of Minority and Women Inclusion finally released some proposed standards addressing how they're going to assess diversity policies of the banks and other financial businesses their agencies oversee in the private sector. This is a big deal, and we have an opportunity to make a big impact.

Keep Reading
Articles
Keep Reading
Articles

\n
Your gold fund investments are down about 20 percent year-to-date.
Goldman expects another 20 percent decline through 2014. They've been right so far on their gold call, but wrong on other things (see the video below).
The pros (hedge funds, I guess) have been cutting back their gold exposures since September 2011.
Gold is meant to be a diversifier, not a core holding. It functions as a hedge in your portfolio for two reasons:
1) If you believe the value of the U.S. dollar is declining, you buy gold. Gold holds its value better than the dollar (currency) if the dollar is declining. You can buy more with gold than a dollar.
2) If you believe the economy is going to implode. For the same reason as point #1, people buy gold as a safe haven. Save Haven is this weeks WTF Wall Street Word, stay tuned.
Here are a few other things you need to know if you own gold.
And remember when Trump took a few gold bars for payment instead of $176,000 a few years ago? Me neither.
Here's the video:

Keep Reading
Articles