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Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

πŸ€– interested in more AI & finance content?

Published about 3 hours agoΒ β€’Β 2 min read

Good morning Reader!

Question: I've been experimenting with AI (specifically LLMs like Claude and ChatGPT) to analyze my finances. Is that something you'd like me to write more about? If so, what would you want to learn?

We're seeing interest rates creep up a few basis points over the last week or so. 12-month CDs that used to be 4.10% APY and now are in the 4.15% or 4.20% range.

πŸ”’ If you use Vanguard, they recently added a way to stop unauthorized ACATS transfers (previously you had to call in). ACATS scams are rare, but they do happen, and this feature prevents unauthorized transfers unless you remove the lock first.

​This post includes instructions for other brokers too - everyone should turn this on if it's available.

🚨🚨 Did the IRS penalize you from 2020 - 2023? If so, you can get it refunded. You can do it yourself (IRS instructions) or work with PenaltyBack (no up-front fee, they only charge a 25% success fee). Deadline is this Friday... July 10th, so act fast.

πŸ’² Best Bank Rates (as of 7/8):

πŸ’° High Yield Savings - 3.80% APY + $400 from SoFi​

πŸ›οΈ Short Term Treasury - VBIL 3.59%, SGOV 3.56%

πŸ“€ Certificates of Deposit (see all 40k+ rates)

πŸ” We list nationwide rates, CD Valet has local rates which can be higher so click through to double check for your state.

πŸ’΅ Bank Bonuses - $450 US Bank, $400 Sofi, $500 Bank of America, $400 BMO, $1200 Raisin & more​

​(View this email as a webpage)​

πŸš— Real Ways I've Reduced Our Insurance Bill

I happily pay insurance and hope to never need it.

But that doesn't mean I don't try to get it as low as possible while still being protected.

Here are 7 ways I've lowered our bill (not theoretical, actual things I've done that have worked):

β€‹πŸ‘‰ 7 Real Ways I've Lowered Our Insurance Bill​

πŸ‘› Prediction markets are being manipulated

This paper explains how manipulation is happening in prediction markets right now.

Polymarket introduced a bet where you would get $1 if the price of bitcoin was above a certain number. If Bitcoin is above $62,000 at settlement, you receive $1. If it's even one cent below, you receive nothing. This happens every 5 minutes.

They introduced it in February this year and researchers see a lot of manipulation.

Remember the old adage, if you can't spot the sucker at the table...

πŸ—žοΈ Money Stuff I Found Interesting

Here are some interesting articles you may have missed:

πŸ’΅ Good Deals If You Need Them

What did you think of today's email?​
βœ… I Loved It! 🟨 It Was Okay ❌ Not My Favorite​

Talk to you soon!

Jim

PS. The summer tends to be a chaotic season for us all, with trips and camps and everything. Have any fun plans this summer?

​(see archive of previous emails)​

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Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

πŸ’΅ Founder of WalletHacks.com

I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.

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