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He earned $990,000 playing in the NFL last year, taught finance at UPenn, and trained at UBS. And he’s got a little tip for a piece of money that we all need to hear right now.

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“The emergency health fund typically contains three to six months’ salary or living expenses, but as always, assess your situation and save as much money as possible,” says NFL player Brandon Copeland. (Copeland himself is said to provide the majority of his salary.)

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NFL player Brandon Copeland made $990,000 in the NFL last year, according to The Guardian. to me CBS Sports – But that’s nowhere near the most amazing thing about it. He has also built a financial empire called Copeland Media, serving as CEO and overseeing the company’s financial advisory firm called Cascade Advisory Group. While attending the University of Pennsylvania, he trained at UBS and has since returned to his university to teach a financial literacy course. And two years ago, he added a Kiplinger contributing editor to his resume.

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There’s a bit of his advice that seems particularly relevant now – a recession looms and savings accounts are paying more than they’ve been since 2009 (Check out the best savings account rates you can get right now here) – Is this: You need an emergency fund.

There’s a bit of his advice that seems particularly relevant now – a recession looms and savings accounts are paying more than they’ve been since 2009 (Check out the best savings account rates you can get right now here) – This is it. “A health emergency fund typically contains three to six months’ salary or living expenses, but as always, you should assess your situation and make as much savings reasonably possible,” Copeland says. (Copeland himself reportedly saves The most of his personal salary). He points out that an emergency fund can help you in the event of a medical problem, job loss, debt retention, and more.

What do professionals say about the emergency fund now

Certified financial planner Dana Jacobs of Legacy Care Wealth agrees that a 3 to 6 month emergency fund of expenses is an important foundation for a sound financial home. “We usually put these savings into high-interest savings accounts so that our clients can earn more of this money,” Jacobs says. Check out the best savings account rates you can get right now here. Check out the best savings account rates you can get right now here.

Jacobs says that if you’re a dual-income family, you can usually target a smaller emergency fund since you have the extra income to support a potential job loss. But those who have dependents, who have less stable jobs or who have one income, may want to save more.

“Having a large pile of cash to be able to draw on provides a great deal of flexibility, and there is real peace of mind in knowing you’ll be fine in the event of a disaster,” certified financial planner Keith Spencer of Spencer Financial Planning says. It is better to err on the side of too much money than not enough.

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If the recommended amount for reserves seems unattainable for a family, certified financial planner Paul Collinson of Legacy Planning Advisors recommends splitting the amount into achievable packages. Perhaps aim to accumulate 1 month of reserves every 3 to 6 months until the recommended number of months is achieved. The background is that it is important to hold family members accountable when setting ambitious goals such as when building an emergency fund over months or years,” says Collinson.

Note that this number may be fluid. “If you’re paying for childcare right now, that will definitely be included but in a few years, it may not be,” says certified financial planner Christina Guglielmiti of Future Perfect Planning.

The tips, recommendations, or ratings in this article are those of MarketWatch Picks, and have not been reviewed or approved by our trading partners.

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MicroStrategy is at its lowest level since 2020 after the sales were revealed

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(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

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The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

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In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

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MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

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Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

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Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.