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Quote of the Day
"Investing is not about beating the market. It's about not losing to it."
John Bogle
What Really Matters
After months of partisan gridlock, Senate Democrats and Republicans are nearing a deal to raise the debt ceiling, which could avert a government shutdown and default on U.S. debt.
The agreement would allow the Treasury to borrow an additional $2.5 trillion, which would be enough to cover the government's spending through early 2023. The vote is expected to take place later this week
Some customers of Apple's new high-yield savings account, which is offered through Goldman Sachs, are complaining that it is difficult to withdraw their money.
Customers have reported waiting days or even weeks for their withdrawals to be processed, and some have even had their requests denied
SVB Securities, the investment banking arm of Silicon Valley Bank, is preparing for a management buyout backed by Baupost Group, a hedge fund founded by Seth Klarman.
The deal is still in the early stages, but if it goes through, it would give SVB Securities more independence and flexibility to pursue its own growth strategy
The Market Beat
Global stocks rose on Tuesday as investors weighed the risks to economic growth from rising inflation and interest rates.
The gains were led by technology stocks, which have been under pressure in recent weeks. Investors also took comfort from data showing that China's economy grew at a faster-than-expected pace in the first quarter
✍️ Personal Finance Quick FAQs
Q: How do I make a budget?
Gather your financial information. This includes your income, expenses, and any debts you have.
Categorize your expenses. This will help you see where your money is going. Common expense categories include housing, transportation, food, entertainment, and debt payments.
Set spending limits for each category. These limits should be based on your income and your financial goals.
Track your spending. This will help you stay on track with your budget.
Make adjustments as needed. Your budget is not set in stone. You may need to make adjustments as your income or expenses change.
Making a budget can seem daunting, but it doesn't have to be. By following these steps, you can create a budget that works for you.
Here are some additional tips for making a budget:
Be realistic. When setting your spending limits, be sure to factor in all of your expenses, including unexpected costs like car repairs or medical bills.
Be flexible. Things don't always go according to plan, so be prepared to make adjustments to your budget as needed.
Don't give up. Making a budget takes time and effort, but it's worth it in the long run. By sticking with your budget, you can reach your financial goals and take control of your finances.
Disclaimer: This newsletter provides general information and is not financial advice. It discusses current events and personal finance topics for educational purposes only. Consult a qualified financial advisor before making any financial decisions. The accuracy and timeliness of information cannot be guaranteed. Use this newsletter as a starting point for research, but conduct due diligence and seek professional guidance for your specific financial needs