What You Need to Know
Stock market regulation may change after the recent collision between social media and finance.
FINRA is looking closely at broker-dealer platforms and the individuals who trade on them.
Cutting the time to clear a trade to T+1 could have prevented problems seen over the past month or so, experts say.
As regulators investigate what’s become known as the Reddit GameStop squeeze, industry officials are prognosticating how the rules that regulate the stock market could change after the collision between social media and finance.
One potential outcome: the Securities and Exchange Commission could move to a T+1 settlement date for securities transactions from the current T+2.
Hello,
Iâve been working since my senior year in high school and have finally hit the $1 million mark at the age of 55. I probably could have doubled that amount had I chosen to invest wisely. Instead, I banked about 70% of my savings in CDs and other low interest-bearing safe havens. So, now Iâve currently got about $700,000 in CDs earning a paltry 1%. I do however have the other 30% invested in higher-yielding index funds.Â
Like so many others, I want to retire and get off the merry-go-round of unfulfilling, soul-crushing jobs. I have never purchased a home. I also donât have any debt, nor do I have any kids or a spouse. As someone who lives a minimalist lifestyle, I can probably get by on about $3,000 a month. Is there a comfortable path I can take to get there if I leave the workforce today? Iâm currently in good health, but there is a history of heart disease in the family, so Iâll be lucky to reach my 80s.Â