the Java Exchange

How rich is rich? If you wanted to stop and ask yourself what is rich? What is wealth? The answer may surprise you. The situation you are in will determine that constitutes rich, wealth or high income. Use this as a guide or outline to check where you stand or where you wish to be.

How much money do you need to be rich? According to respondents of a 2019 Modern Wealth Survey from Charles Schwab, once you have $2.3 million in personal net worth, you can call yourself wealthy. On the other hand, people responding to a 2019 survey from the market research website YouGov said you need to earn just $100,000 a year to be rich.

https://finance.yahoo.com/m/48a4a81a-ca33-38f5-97ab-d8295c7507ee/big-day-for-tesla-stock.html

MUNICH — German prosecutors arrested three former top executives at Wirecard on Wednesday, saying they now suspected them of an organized criminal enterprise to bilk creditors of billions of euros based on faked accounts. Read More

Prosecutors arrest three in Wirecard criminal enterprise — Financial Post

Hello Jedi, the three major indices were up today. The tech heavy NASDAQ led the way with a huge 2.51% jump. The leader for the day was Tonix Pharma. For the risk-on crowd the QQQ ETF might be worth a look. Stay safe.

Another reason to add an ETF vehicle to your portfolio.

https://www.cnbc.com/2020/07/18/why-etfs-remain-some-of-the-most-tax-efficient-vehicles-for-money.html

HOUSTON — Chevron Corp said on Monday it would buy Noble Energy Inc for about $5 billion in stock, the first big energy deal since the coronavirus crisis crushed global demand for oil and sent crude prices to historic lows. Read More

Chevron to buy Noble for $5 bln in stock, biggest oil deal since price crash — Financial Post

Retail cost vs Costco cost? Many of the brands you use also supply Costco with the private label brands with similar (or the same) goods at a fraction of the cost. Save the money, invest the money.

https://moneywise.com/a/ch-b/the-big-brands-behind-costcos-kirkland-signature-items?t=15%20Big%20Brands%20Who%20Make%20Costco%27s%20Kirkland%20Products&utm_medium=dsk&utm_source=twitter&utm_campaign=twt_KirklandBrandsCoffCV_July9_dsk&utm_term=twt_KirklandBrandsCoffCV_July9_dsk_geo&utm_content=twt_KirklandBrandsCoffCV_July9_dsk_geo_v06

The percentage of homeowners who fell a month or two behind on their mortgage payment hit a 21-year high in April, as the coronavirus pandemic forced states across the country to shut down and millions of Americans out of work.

https://finance.yahoo.com/news/earlystage-mortgage-delinquencies-hit-21-year-high-170612193.html

Gold topped $1,800 on Wednesday, marking a nearly nine-year high.

Its rally may not be over yet, according to Boris Schlossberg, managing director of FX strategy at BK Asset Management.

https://www.cnbc.com/2020/07/09/gold-is-the-real-bitcoin-trader-sees-new-highs-ahead-for-the-metal.html

With more Americans under financial pressure due to the coronavirus, paying for college is a growing problem.

Nearly 70% of families are worried about how they will cover the cost and more than half now say their higher education plans have changed due to Covid-19.

By necessity, some students will attend a community college close to home or delay going to college altogether.  

So the possibility of free tuition could make all the difference.

https://www.cnbc.com/2020/07/10/heres-how-to-go-to-college-for-free.html