A friend sent me the following article from the USA Today insert of his local paper. The article proclaimed “ The 60/40 stock-and-bond portfolio mix is dead in 2016” and went on to explain that with bond interest rates near historical lows, one should reach for higher returns by taking more risk with stocks. The article quoted one adviser who suggested investors in their 60s invest 70 to 80 percent of their portfolio in stocks.
While waiting in line last week at Starbucks, I realized that I was the only “guest” ordering black coffee — not a grande, no-foam macchiato concoction — and the only person using cash. The mostly millennial customers were flashing a smartphone app or swiping credit or debit cards.
Three college roommates who bought an old couch for $20 at a Salvation Army store in New Paltz, N.Y., had the surprise of their lives when they found $40,000 in cash hidden inside.
Open your wallet. Pull out a dollar bill. You've just touched more than 3,000 bacteria that have been linked to stomach ulcers, acne, pneumonia and staph infections.
It's always a pleasant surprise when you dig an old jacket out of the closet and find a dollar in the pocket. Multiply that feeling by, oh, about 98,000, and you might begin to imagine how Noah Muroff, a rabbi in New Haven, Conn., felt the other day.
I still remember how proud I was to open my first checking account. Even better: getting my work permit when I turned 16, and then going to the grocery store and saying, "I'd like to cash a check." Pre-ATM days required some planning.
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