Email Alert: How to Spot and Avoid Phishing Attacks

Two weeks ago, the WannaCry cyberattack hit more than 300,000 computers in more than 150 countries.  This global "ransomware" attack disrupted factories, hospitals, shops, and schools.  Wannacry did not discriminate much in its targets.  In the past, I've written about the importance of locking down your passwordsMy goal today is to educate and inform so that you can better protect yourself.

Monday motivational quotes from Barbara Corcoran and Bob Pittman

Last week on my favorite morning show, the Elvis Duran Show, Shark Tank star Barbara Corcoran stopped by the studio. I'm a huge fan of Shark Tank which shows that the American Dream is alive and well. People come up with such innovative ideas and the show is able to take them to another level thanks to the platform and of course the sharks. Here are a few of my favorite quotes from her visit.

Fast food re-imagined? Robots aim to please at Eatsa.

Last October, I realized that I may be hitting the age where I have to be more thoughtful about my eating habits. My pants were getting tighter by the day and the scale showed me a number that was the highest I had ever seen. That was my wake up call. I certainly didn't want to have to buy new pants that actually fit correctly. Immediately I started to eat less carbs and more veggies. Then in January, my friend Amy Crowson of Lovebugfitness was having a free clean eating challenge. It was a great way to take my clean eating to another level and have the support of other people on the same journey - check our her 10 day challenge if you are looking to kick off the healthy lifestyle that you deserve.

While it is easy to eat well at home, I have always found it to be more diffidult when eating out. Even in NYC where there are so many restaurants, if you want a healthy option, then you are often limited to uninspired salads from a deli and don't make the mistake of putting salad dressing on a McDonald's salad which makes it worse than a double Big Mac. No joke.

This led me to the discovery of Eatsa. When you walk by, you are immediately wondering what the place actually is. There are no cashiers and no visible employees. It is something I would expect from a modern Japanese quick serve even though I have never been to Japan. I was happy to discover that it is a vegetarian fast casual eatery.

Why you should never use your debit card at a gas station

This morning on the way to work, I was listening to the Todd and Jayde morning show. One of members of the show, Annie, talked about how she believes that she was a victim of debit card skimming at a gas station. The result was that someone tried to steal $500 from her account and she couldn't access any of her accounts online until the bank finishes investigating her case. Listening to the story, I had to look into the issue further myself and my conclusion is that you should NEVER use your debit card at a gas station. Do it the old fashioned way if you want that cash price, you have to use real cash over the debit card. Here's why.

Long-term Jobs Killer Is Not China, It's Automation

About five years ago, I was traveling on business to Los Angeles. I was surprised to find kiosks at Alamo that processed my reservation, assigned my rental car, and directed me to the spot for pick up. As I drove out, I marveled, "Wow, I was in and out of there without talking to single person!" Today, this once novel concept is quickly becoming common place.

3 Things I Learned at FinCon Masters New York

This week, I attended an evening event in Manhattan called FinCon Masters, billed as "The Premier Event for Top Financial Influencers." The attendees were 100 bloggers, podcasters, authors, and creatives and featured emcee John Garrett, and presentations by James Altucher, Farnoosh Torabi, Lynnette Khalfani Cox, Chris Winfield, Andrew Fiebert, and Michael Schreiber. As an author of this blog, I decided to go to see what I can learn and how to improve the work that we are doing.

From Stage to Investing, Why Courage Is More Important Than Confidence

I used to pray for more confidence. Perhaps not surprising for a shy kid, I'd pray for the boost of confidence I needed to introduce myself to a stranger, give a presentation, or play guitar on stage.

Cybersecurity: How to Lock Down Passwords and Protect Your Digital Life

Your username and passwords are under seige.  And the bad guys are getting really good.  Don't believe me?  Ask the Democratic National Committee about its email accounts, large companies, or government agencies. They've learned the hard way.  Massive security breaches are wide spread and taking place daily.  When these major entities are at risk, don't think that the username and the same password that you use for multiple sites are safe!  The US Securities and Exchange Commission says that cybersecurity is the biggest risk facing the financial system.  Security experts estimate that hundreds of millions of hacked usernames and passwords for email accounts and other websites are being traded by the criminal underworld.  This means that you may be exposed to cybercrimes either now or in the future.

After listening to the hosts of the popular podcast Reply All (episode #91 The Russian Passenger)1 investigate how their boss's Uber account was compromised, I'd like to provide you with quick actionable tips that you can implement immediately to protect yourself.       

 

How the fiduciary standard protects you

You may have heard media reports about a new fiduciary rule for retirement accounts that the Trump administration is trying to rescind. Understandably, you have questions about how this might impact to your accounts. The rule was designed to ensure recommendations made by financial advisors to their clients regarding their retirement accounts are always made in the best interests of the client without any conflicts of interest. This rule was set to go into effect in April, but that is being delayed by 180 days and may be killed entirely.

Wall Street's biggest bull turns bearish

tom lee.jpgFor years, Tom Lee has been known as Wall Street's eternal bull. His S&P targets were virtually always the most bullish on the street. When I reviewed what other strategists were predicting this year and Tom Lee hadn't released his numbers, I just assumed he would be the most bullish on the street, again. Perhaps we should check to see if Tom Lee has been abducted by aliens and replaced by a clone because Tom Lee is the most bearish strategist on the street with a S&P target of just 2275.

IMPORTANT DISCLOSURE INFORMATION

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede Capital Management, Inc. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede Capital Management, Inc. is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of Runnymede Capital Management, Inc.’s current written disclosure statement discussing our advisory services and fees is available for review upon request.