Readers’ HSA Hacks

Two readers have come up with workable solutions for HSAs — bypassing the spectre of negative interest rates altogether.

“Love my HSA,” a reader says. “You can always move your account to a self-directed one where you can invest how you like in stocks, bonds, mutual funds and ETFs.

“I had my account with three different providers before moving it to Lively; they are the best, many investment options and very low fees.”

Keep in mind, this is not advice from your editor. We’re sharing a reader’s opinion. Same goes for the following…

“If you are in an HSA that is interest-only, you are missing out. In my opinion, if able, set up your HSA in Vanguard Funds.

“I started ‘investing’ this way in September 2017, just putting in the maximum-allowable amount (currently $3,500). As of today, I have grown this account to $21,828.41.

“That is an INCREDIBLE return.”

Indeed it is, sir. Well done.

Your Rundown for Tuesday, Dec. 10, 2019:

A Blue Christmas

According to CNBC, Morgan Stanley — the world’s largest equities-trading firm — is cutting 2% of its workforce because of “an uncertain global economic outlook.”


At last count in September, Morgan Stanley employs over 60,000 people. “The job cuts at the investment bank… will hit technology and operations roles hardest,” CNBC says.

“In October, the bank posted third-quarter profit and revenue figures that beat analysts’ expectations The company produced $10.1 billion in revenue, exceeding analysts’ average estimate by approximately $500 million.”

We guess that wasn’t enough to stave off the pink slips. Or the fact that Morgan Stanley shares have climbed 25% this year.

“During the post-financial crisis era marked by declining trading revenue,” says CNBC, “Wall Street firms often cut jobs toward the end of the year to avoid paying out bonuses.”

What a suckerpunch.

For investors, however, Morgan Stanley’s not alone in yielding sweet returns this year — bank stocks, in general, have performed swimmingly.

Market Rundown for Tuesday, Dec. 10, 2019

S&P 500 futures are hanging out at 3,136.

Oil is up 18 cents to $59.20 for a barrel of WTI.

Gold’s added $3.50 to its price at $1,468.40 per ounce.

Bitcoin is down $58.54 to $7,271.

Have a great day. We’ll catch up tomorrow.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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