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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.

📈 to the moon!

Published about 2 months ago • 2 min read

Good morning Reader!

The stock market has been on a tear recently, with the S&P 500 going up 8% in the month of May which puts it up close to 11% YTD.

And that's before SpaceX joins the party! (to which I have mixed feelings)

At the risk of sounding like a broken record - remember to stay invested.

In related news, I had a reader tell me that he's been aggressively going after bank bonus offers and investing the proceeds (after holding back a bit for taxes).

Many banks will give you cash to make a big deposit or move your direct deposits. Folks have been adding a few thousand a year and plunking it in the market has been a boon for him (and likely others).

If you're interested, be sure to read this beginner's guide to bank bonuses.

💲 Best Bank Rates (as of 6/2):

💰 High Yield Savings - 3.80% APY + $400 from SoFi​

🏛️ Short Term Treasury - VBIL 3.56%, SGOV 3.54%

📀 Certificates of Deposit (see all 40k+ rates)

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

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

​(View this email as a webpage)​

🚨 Are Data Broker Removal Services Worth It?

Short answer is "Yes, because it saves you time and headache. Lots of both."

But you can do it all yourself if you have plenty of time and enjoy a rousing game of whack a mole. (in which case, read this)

​👉 Should I Pay a Data Broker Information Removal Service?​

⛽ Costco Gas and the Price Quality Cognitive Bias

Costco gas i usually cheaper but still high quality, carrying the Top Tier designation which means it meets a standard above the EPA standard.

I have seen the viral reel saying it has a lot of water. I'm waiting for a Costco respond to the random guy who "tested" the gas or for someone to send it to a reputable lab. You can't believe everything you see on the internet.

That said - why do people think cheaper is worse? It's because we use a price quality heuristic and it's a cognitive bias.

​👉 Watch: Is Cheap Costco Gas Bad For Your Car? (on Instagram)

🗞️ Money Stuff I Found Interesting

Here are some interesting articles you may have missed (a lot of Wall Street Journal this week!):

💵 Good Deals If You Need Them

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

Talk to you soon!

Jim

PS. Heads up! If you signed up for PFS Buyer's Club (what is that?) and opted into the Silver Proof Set Subscription and/or the Congratulations Set Subscription, they sent out a notice that you should pause both. The Mint increased how many they'll make so PFS Buyer's Club may not want them.

Check your email, I got one yesterday at around 2:30pm.

​(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.

💵 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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