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- 3 Places You Should Never Invest (12 8 23)
3 Places You Should Never Invest (12 8 23)
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Earlier this week, we asked you what type of financial support is appropriate to provide to your adult children. You’ll find a few responses we received later in this email.
💵 Today’s Top Stories
 | Clark’s blood boils when he thinks about the deception and greed-driven fees that are common at these institutions. He implores you to never invest here. Read more. |
 | A fast-selling Kirkland Signature pet hoodie, a well-reviewed caramel s’mores snack and a Costco deal on NBA, NFL, MLB and NHL tickets highlight what’s new at the store this month. Read more. |
 | Old cell phones can be toxic for the environment, so it’s not great to throw them away. You could sell them. But why not consider donating them to a good cause instead? Read more. |
 | A Clark podcast listener wants a second car but doesn’t need one. Clark offers an interesting suggestion instead of buying a new Tesla. Read more. |
📝 Survey Responses: When Should You Wean Your Adult Child Off of Financial Support? And How Much Money Should You Give Them, If Any?
butler: “I would tie it to my kids graduating college and getting their first full-time job. At that point I will help them budget and plan for retirement but no longer offer any financial support.”
ratbert2k: “Sorry Team Clark. This is a stupid question. Every kid is different. Every family is different. What works well for you won’t work well for me. What works for one of my kids won’t work for another.”
G_Parker: “Certainly after college graduation! For minor things (eg AAA membership), sure. But major? The average amount people are giving their kids is over $700 a month?!! That is crazy. You aren’t helping them, you’re hurting them.”
What do you think? See more responses and share your opinion in our Clark.com Community!
📊 Stat of the Day
✈️ $1.9 billion: The price tag for Hawaiian Airlines. That is, if regulators don’t block the sale to Alaska Airlines. Earlier this year, the U.S. sued to block JetBlue from buying Spirit Airlines. Despite the possibility of regulatory scrutiny, the price of Hawaiian Holdings, Inc. stock went from $4.49 to $14.22 after the news.
💰️ Deal Alert: Today’s Top Deals
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🎙️ Podcast
You may have heard that the IRS has raised tax brackets and the standard deduction for 2024. While the rates are favorable in Clark’s opinion, he thinks there are several big decisions you should avoid making solely on this number. Also, do you only receive electronic statements? There’s an important reason why you want to update your preferences to get statements by mail. And, Clark also gives a message to honor National Pearl Harbor Remembrance Day.
☎️ Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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