With all the emphasis on identity theft, the theft that’s 3 times more common is the theft of a wallet or purse. Here are 2 tips that can help minimize the damage should yours fall victim to a thief:
Remove the riskiest items – These are things that shouldn’t be in your wallet or purse to begin with including your Social Security Card, copies of your online passwords or your bank PIN number.
Make photocopies – Scan or photocopy the important things that remain in your wallet or purse. That includes your driver’s license, bank and credit cards, insurance cards, and even your library card. Make sure you copy both the front and back!
Thinking of investing in bitcoin? You might want to think again.
The first rule of investing is – don’t invest in something you don’t understand.
Bitcoin is a bunch of computer code that its backers insist is worth “real money.” Yet, the currency is literally backed by nothing at. There is no government nor really any financial institution that stands behind this “currency.” Yes, there a bunch of speculators, idealists and, frankly, criminals who insist it is a valid currency. Yet, its value against the world’s hard currencies swings wildly (which simply reflects demand for bitcoin). Finally, do you know any place you can exchange your bitcoin holdings for a loaf of bread, college tuition or a new car?
If some “financial advisor” starts talking about bitcoin being based on “blockchain” technology – this is also just computer code. It's not magical.
Remember, if you don’t understand it, probably not smart to put your money there. Just ask the people who didn’t really know how the internet function back in the 1990s and dumped their savings into dot-coms that went bust.