OpenAI's ChatGPT, a free AI platform, has gained much public attention, allowing users to generate human-like text. However, its "predictive" nature can result in the system making up information, which is a significant flaw that makes the system untrustworthy.
The 80/20 rule suggests that 80% of an outcome is the result of 20% of the effort put in. This rule can be applied to personal finance in the following ways.
Investing is personal, and the market is vast and ever-changing. Since there's no way to control this greater force, your approach to investing should be focused on your particulars.
Stories of miracle investment recoveries can create unrealistic expectations. Context and perspective are important in both investments and hip surgery recovery to temper day-to-day fluctuations and focus on long-term goals.
The stock price you pay does matter, just not in the way many investors may think. By understanding how price-setting works, we can stop trying to game the system while it’s still in play.
SECURE 2.0 Act was signed into law in late 2022, delivering dozens of new retirement-related provisions.