Money Archives

Why the Minimum Wage Should Be Raised (Maid Book)

Why should the minimum wage be raised? How does Stephanie Land’s life story support the idea of the minimum wage being raised? In her memoir Maid, Stephanie Land talks about her time working as a maid. She made minimum wage, which was $8.55 an hour in Washington in 2009. Because she was in poverty and government assistance rarely helped her, the minimum wage wasn’t enough to cover her essential needs. Keep reading to learn more about why the minimum wage should be raised.

Stephanie Land: Abuse and Poverty’s Relationship

Was Stephanie Land abused? How did abuse contribute to her poverty? After getting pregnant with her daughter, Land’s boyfriend began verbally and emotionally abusing her. When she left him, she couldn’t make enough money to get herself out of poverty. Continue reading to learn about Stephanie Land and the connection between abuse and poverty.

Why Economic Freedom Is Important

What is economic freedom? Why is freedom important when improving underdeveloped economies? Many economies focus on establishing a utilitarian market to benefit everyone in their country, but people are left with little to no economic choices. In Development as Freedom, Amartya Sen says that free markets allow people to make their own choices and create a freer society. Keep reading to learn why economic freedom is important for a country’s development.

Best Investing Resources: Books, Blogs, & Podcasts

How a Passive Investment Strategy Wins Big

Do you want to learn about investing but aren’t sure where to start? What are the best investing resources to learn from? Investing can be a daunting subject. There are so many investing gurus pitching their advice and “winning formulas” on the web. Their advice is varied and often contradictory. No wonder, many wannabe investors are at a loss. If you feel like you don’t even know where to start, you’ve come to the right place! We’ve scoured the web for the best resources to learn investing including books, blogs, and podcasts. It’s not an exhaustive list by any means,

Brad Katsuyama: Wall Street and HFT’s Worst Enemy

Who is Brad Katsuyama? What part did Katsuyama play in exposing Wall Street for using high-frequency trading? In Flash Boys, author Michael Lewis writes about how Brad Katsuyama, a Canadian trader with the Royal Bank of Canada (RBC), led an investigation into the unethical practices of high-frequency trading (HFT). Katsuyama further found that Wall Street’s firms and banks were using HFT to exploit regular investors. Continue reading to learn more about Brad Katsuyama’s investigation and his solution to fighting against HFT.

Did Navinder Singh Sarao Cause the Flash Crash?

The 2 Major Benefits of Capitalism to Building Wealth

Who is Navinder Singh Sarao? Did he really cause the 2010 Wall Street flash crash? Navinder Singh Sarao is a self-taught financial trader who was accused of triggering a major 2010 flash crash. The event saw U.S. markets briefly plummet in value, but Michael Lewis, the author of Flash Boys, doesn’t think Sarao is largely to blame for the event. Read more for Lewis’s take on why the flash crash happened and why U.S. courts believed it was because of Navinder Singh Sarao.

Asset Diversification: Why It’s Important & How to Do It

How does asset diversification work? Why is it important when you’re investing in stocks? Asset diversification means spreading your assets around in a portfolio to reduce losses. Tony Robbins describes this practice in his book Money: Master the Game, in which he gives tips on how to properly diversify your assets so you don’t risk all of your stocks plummeting. For more information on the diversification of assets, keep reading.

The Securities and Exchange Commission’s Mistake

What is the Securities and Exchange Commission? How did they contribute to making high-frequency trading easier? The U.S. Securities and Exchange Commission’s primary purpose is to prevent market manipulation. However, when the stock market transitioned into a technological stage, they were forced to change their stock market regulations with it. Unfortunately, these regulations made it easier for high-frequency (HF) traders to exercise their power over responsible investors. Here’s how the Securities and Exchange Commission’s regulations ended up backfiring on them and who stepped up to fix their problems, as explained in Michael Lewis’s book, Flash Boys.

Wall Street’s 2010 Flash Crash: How It Happened

What is a flash crash? Why did Wall Street experience a flash crash in 2010? A flash crash is when the stock market experiences a dramatic and unexpected drop in prices followed by a quick recovery. Wall Street experienced a flash crash in 2010, which Michael Lewis, author of Flash Boys, believes was caused by high-frequency trading (HFT) methods, but others believe one man was behind it. In this article, we’ll explore the 2010 flash crash, and how Wall Street fell victim to it.

Stock Market Order Types: How They’re Manipulated

What are stock market order types? Why are they so easily manipulated? On the stock market, the most common order types are market orders, limit orders, and stop-loss orders. In Flash Boys, Michael Lewis says that because of the illegal practice of high-frequency trading, investors have found new and complicated ways to create order types for their own financial gain. Learn the basics of stock market order types and how they’re being used in illegal ways.