Milky Way Retirement

  Hi all, April rain brings May flowers. However, it hasn't rained as much as it did last year. Most of the plants in my yard were wilted because I was busy with lotus planting and forgot to water them. Will there be a drought this year? A few days ago, there was a Red Flag warning about the chances of wildfire in my area. Strange! The weather keeps changing unpredictably due to climate change. Farmers may have a year of loss, which may also affect the consumption price and inflation. I'm not a farmer, just an amateur gardener, but I felt the worry about the weather and the crops. April is also Financial Literacy Month. Do you think we are all literate about our own money? 20% of students lack basic skills of financial literacy skills, which means they may know nothing about budgeting, saving, or managing their own money. Adults are not better. 29% of working women showed basic skills of financial literacy skills whereas 47% of working men did. This means that around 50% of hou...

Bạn có thể đọc bài này bằng tiếng Việt ở đây.    Hi, Spring has sprung with a lot of flowers blooming early everywhere. However, a lot of people have been shaken by the news of the bank collapse since the beginning of March. Silicon Valley Bank (SVB) was ordered to shut down on March 10, days after being featured as Forbes' 20th of the top 100 America's Best Banks 2023. Crypto banks like Signature Bank and Silvergate Capital also collapsed in about one week. However, SVB is mentioned a lot in recent news because: - SVB executives sold millions of shares before the collapse . - SVB operated without an official Chief Risk Officer for 8 months during a difficult transition in the venture capital market.  - SVB executive was the Lehman Brothers CFO before the 2008 collapse . - The bank's business was concentrated heavily on startups financed by venture capitalists , which is extremely risky itself. Source But the craziest thing SVB did was it invested billions of dollars int...