Here is your Thursday Junto newsletter!
The End of Netflix Password Sharing is Almost Here (WSJ)Bankrupt Crypto Lender BlockFi Looks to Return Customer Funds (CoinDesk)Congress may pass 7 new retirement rules including a student loan match (CNN)Electric Cars Are Taking Off, But When Will Battery Recycling Follow? (NYT)US Home Sales Dropped 7.7% in November (WSJ)Phoenix Suns to be sold in a record-shattering deal (Axios)Sam Bankman-Fried to be Extradited to the U.S. (CNBC)Wells Fargo to Pay $3.7 Billion for ‘Mistreatment of its Customers’ (NYT)Zelensky to meet Biden in Washington and address Congress (WaPo)Harvey Weinstein Found Guilty (NBC)
Headlines to Ignore 🙅🏼♂️
12 Best Stocks To Invest in Right Now (Yahoo Finance)Experts Predict What the Housing Market Will Look Like in 2023 (Forbes)Jim Cramer recommends these 5 health care stocks in 2023 (CNBC)
Extra Fun 🤪
By the way, if you’re on Twitter, check out @CramerTracker. The account tracks Jim Cramer’s stock recommendations “so you can do the opposite.” I wouldn’t count on them for real financial advice, but the account is a funny follow if you’re familiar with Cramer’s antics.
One of their most recent tweets I found amusing:
Rent is not a bad use of moneyYou don’t always make money when you buy real estateYou CAN become rich without real estateA price-to-rent ratio is a tool for determining rental vs. purchase affordabilityYour mortgage is the LEAST you’ll pay per month and your rent is the MOST you’ll pay per month
Want to buy a house? 🏠
1) Why do you want to buy a house? Be honest about your reason. Probably best not to buy based on someone else’s bad financial advice.
2) Can you afford a down payment? You don’t need 20%, but waiting until you are more financially secure may be a safe bet.
3) Have you taken closing costs into consideration? Tack on another 3-6% of the size of your loan.
4) Do you plan to stay/own for 5+ years? Early mortgage payments primarily go to interest, not principal.
Read the Full Article: Should I Buy a House? How to Know if It’s Right for You
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Have an excellent weekend! Happy holidays to you and yours.
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Disclaimer: This newsletter is strictly informational. It is not investment advice, tax advice, financial advice, or a solicitation to buy/sell any assets. Please do your own research. This newsletter may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links (at no cost to you).