Wenyao Hu, Ph.D., CFA | Source | Assistant Professor, School of Management at New York Institute of Technology
Wenyao Hu, Ph.D., CFA
Wenyao Hu is an assistant professor in the Department of Law, Economics, Accounting, and Finance in the School of Management. He obtained his Ph.D. in Management (Finance Concentration) from the Lally School of Business at Rensselaer Polytechnic Institute. His research interests include fintech, capital markets, corporate disclosure, and ESG engagements. Before joining New York Tech, Wenyao Hu was a postdoctoral researcher at Saint Mary's University in Canada.
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New York Institute of Technology (https://www.nyit.edu/)
Assistant Professor, School of Management
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Financial Trends To Watch in 2024 and What They Mean for You
Experts are predicting interest rates to fall, inflation to cool and more in 2024. Learn what that means for your wallet and how to benefit.
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9 Major Stocks To Watch in 2024, According to Investors
The stock market is a tricky beast. Even famous investors such as Warren Buffett can't precisely predict what will happen in its rapturous realm. And if they're smart, like Buffett, they won't even...
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4 easy ways to boost your tax refund, according to experts
Want a bigger tax refund? Here are four expert-backed ways to get one.
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Maximize Your CD Investments: Expert Tips for 2024
Dr. Hu advises balancing short- and long-term CDs based on interest rate trends. He suggests rolling over to higher-yield CDs if rates rise, but diversifying if over $250,000. "A CD ladder offers periodic returns and liquidity," he notes, reducing interest rate risk. CDs remain a stable, low-risk portfolio component amid high inflation. -
Bitcoin ATMs: A Quick Guide for New Users
Dr. Hu explains that Bitcoin ATMs allow buying and selling of cryptocurrencies using cash or debit cards. They are user-friendly but come with high fees, up to 25%. Ideal for beginners or quick transactions, alternatives like Coinbase offer lower fees. He advises, "Ensure ATM trustworthiness, use secure wallets, and be aware of fluctuating Bitcoin prices." -
Master Your Finances: The Power of Budget Calendars
Dr. Hu highlights the benefits of budget calendars, emphasizing their role in managing cash flow and achieving financial goals. He suggests using apps like Goodbudget and YNAB for tracking finances. To maximize effectiveness, regularly update your calendar and set realistic goals. However, be cautious of its limitations, especially if your income varies or during economic changes.
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"Have savings set aside for unexpected expenses, such as medical emergencies, car repairs, or job loss. A good rule of thumb is to have at least three to six months’ worth of living expenses in an easily accessible savings account."
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“Gen Z is leading a ‘soft saving’ trend, prioritizing quality of life and present experiences over traditional savings. This means they’re more likely to spend money on things that bring immediate happiness and are open to investing in causes that reflect their values.”
