All parents want their kids to succeed and live good lives, and part of accomplishing that is raising them to understand the value of a dollar. We talk to Beth Kobliner, a financial expert and author of the book Make Your Kid A Money Genius (Even if you’re not) about tips and tricks to help our kids, from toddlers to post-grads, handle money responsibly.
Beth Kobliner, financial expert and author, Make Your Kid A Money Genius (Even if you’re not)
While the world of Wall Street may seem far away to most, Sheelah Kolhatkar, former hedge fund analyst and author of Black Edge: Inside information, dirty money and the quest to bring down the most wanted man on Wall Street, says that it is closer to our lives than you may think. Her nonfiction book traces the story of the FBI and Department of Justice’s recent investigation of Steve Cohen and his company SAC Capital for insider trading.
Following the story from the beginning, Kolhatkar explains how one of Wall Street’s most influential men, who came from a middle-class background and rose to enormous self-made wealth, may have been involved with the insider trading in hedge funds that is rampant on Wall Street today. While many put a portion of their retirement money into stocks, they don’t realize that there is often an uneven playing field with the wealthy insiders having their own rules and market.
The FBI cracked down on this crime using wiretaps and informants and arrested two of Cohen’s employees at SAC Capital. Cohen himself escaped indictment, but his company agreed to plead guilty to insider trading charges and submit to various restrictions from the government. Kolhatkar encourages readers to be mindful of potential corruption on Wall Street and how it could be affecting your personal finances.
To learn more about financial corruption and the SAC Capital investigation, visit the link below or purchase a copy of Kolhatkar’s book.
Sheelah Kolhatkar, author of Black Edge: Inside information, dirty money and the quest to bring down the most wanted man on Wall Street
Synopsis: It’s the end of 2014, and we’re scrambling to get our financial houses in order for this year and plan a bit for the next. Our guest offers some last-minute advice on what you can do to save a bit on your taxes and plan ahead for a more secure financial situation in 2015.
Host: Marty Peterson. Guests: Lauren Lyons Cole, Personal Finance Contributor at The Street.com.
Starting a small business is a lot of work, and many of them fail – or never get off the ground in the first place. We talk to two entrepreneur specialists about some of the important points that need to be considered when you’re thinking of starting your own business, and how to avoid some of the pitfalls of going out on your own.
Elizabeth Ü, author of the book, Raising Dough: The complete guide to financing a socially responsible food business
Patrick J. Murphy, Professor of Management in the Driehaus College of Business, DePaul University, Chicago, IL