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"It's weird being a 16 year old these days," Reid Sotkin said. You could say Sotkin is just your average kid. He's a junior at Jenks High School who likes to hang out with friends. And oh, by the way, he's an investment guru."I just googled what books Warren Buffet recommended and that's kind of how I got my start," Sotkin said.One of his favorite books?"Actually this book right here," he said. "'The Intelligent Investor' taught me quite a bit."Sotkin is so passionate about investing, he's become a source of advice for friends young and old."I started investing myself and then all my friends started asking me what they should invest into and stuff," he said.Now, he's combining his love of investing and his passion for coding to develop an app to teach people how to invest wisely."There's a feature on the app where you put in your salary and how long until you retire, all your bills and everything," Sotkin said. Sotkin's app, "Calculating The Future," is an award winning app."It tells you how much you have to put in each month into each of them and it tells you how much money you'll have when you retire," he said. Sotkin appeared before a panel of judges on a Zoom call, answered all kinds of questions, and won the 2020 Congressional App Challenge."I guess they just chose me to win and then Congressman Hern gave me a phone call one afternoon. Yeah, I was pretty surprised," he said. Sotkin puts his money where his mouth is. He plans on living comfortably. So, he's investing now."I do a couple hundred dollars every month," Sotkin said. "So, I just do that so that way I'll have a couple million dollars by the time I retire just sitting in the background."During our Zoom interview, I just couldn't resist getting some advice about my own investment advisor, 2 Works For You's Chief Meteorologist Mike Collier."He's kind of been giving me some stock tips and they've been kind of terrible," I said as Sotkin laughed. "So, give Mike some advice on how he should invest in the stock market.""Basically, unless you're very smart and spending a lot of time, you're not going to beat the market," Sotkin said.Sotkin said he likes the S&P500. It represents 500 very reliable companies."That's gone up an average of 9.8% since its inception," Sotkin said. "That's the way to go. Just put it in index funds and let it accumulate over 30, 40, 50 years."The future is looking bright for this young entrepreneur and it could be for you, too. Sotkin said it's all about starting early, being consistent, and taking advantage of compound interest."Do you mind if I ask about your net worth right now," I asked."Yeah, but ah... I don't want to say right now," he answered.This story originally reported by Mike Brooks on KJRH.com. 2763

Texas grocery chain H-E-B announced on their website they’ll be giving the largest pay increase in the history of H-E-B.In their statement, they go on to say, “We believe this crisis will be around for an indeterminate amount of time and our goal is to reward our partners for their hard work and dedication with more than temporary bonuses.”They announced the temporary Texas Proud Pay that had been given to partners who have been working during the COVID-19 pandemic would now become a permanent investment in their partners.Additionally, the grocery chain will continue its ongoing investments in pay and other perks and benefits for all partners across the company, including making Martin Luther King Day an official paid holiday. KXXV's Anissa Connell was first to report this story. 813

The Roman Catholic Diocese of Rockville Centre, Long Island's largest, has filed for bankruptcy, according to the diocese.Reverend John Barres, the bishop of Rockville Centre, announced the "difficult" news in a letter posted on the diocese's Twitter account Thursday.Barres said the diocese filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code earlier in the morning.The bishop said the decision comes after more than 200 lawsuits alleging sexual abuse were filed against the Diocese of Rockville Centre in the year since the passage of the Child Victims Act. Bishop Barres' Letter to the People of God of the Diocese of Rockville Centre pic.twitter.com/0aGEat57vI— Diocese of Rockville Centre (@RVCDiocese) October 1, 2020 "What became clear is that the Diocese could not continue to carry out its spiritual, charitable and educational missions while also having to shoulder the increasingly heavy burden of litigation expenses associated with those cases," Barres wrote.The bishop said filing for bankruptcy was the only way to ensure a "fair and equitable outcome for everyone involved."According to Barres, most of the diocese's operations and ministries will continue without interruption during restructuring."We anticipate that current and future financial liquidity will be sufficient to fund normal operations and services," he wrote.He also assured that church employees would be paid their normal wages.Additionally, the letter said the work of the diocese's parishes and Catholic schools is expected to continue as normal, as they are not included in the Chapter 11 filing due to being separate legal entities.However, after filing for bankruptcy, the diocese will have fewer resources to help struggling schools and parishes."For the Diocese, fair and equitable treatment for survivors of sexual abuse has always been a top priority," Barres wrote. "That is why we created the Independent Reconciliation and Compensation Program in 2017."The reverend said that program has helped approximately 350 survivors of sexual abuse so far, but has also depleted the diocese's financial resources."We will work diligently with all survivors, creditors and ministries to maintain open communication while we work toward our goal of completing a settlement and a restructuring plan that includes a comprehensive resolution for those suffering survivors," the bishop wrote. This story originally reported by Mark Sundstrom on PIX11.com. 2507

New York, New Jersey and Connecticut have added three new states to the tri-state travel advisory as more areas across the nation see an uptick in coronavirus cases.The advisory requires travelers from certain states hit hard by COVID-19 to quarantine for 14 days upon arrival in the tri-state area.New York Gov. Andrew Cuomo first announced Tuesday that Delaware, Kansas and Oklahoma will now join the growing list. Soon after, New Jersey and Connecticut added the states to their lists.States under the travel advisory must have an infection rate above 10 cases per 100,000 people, or if 10% of the total population tests positive. Both metrics will be monitored on a rolling seven-day average.As of July 7, there are currently 19 states that meet the criteria:AlabamaArkansasArizonaCaliforniaDelawareFloridaGeorgiaIowaIdahoKansasLouisianaMississippiNorth CarolinaNevadaOklahomaSouth CarolinaTennesseeTexasUtah"As states around the country experience increasing community spread, New York is taking action to ensure the continued safety of our phased reopening," Gov. Cuomo said. "Our entire response to this pandemic has been by the numbers, and we've set metrics for community spread just as we set metrics for everything."Of the 56,736 COVID-19 tests conducted Monday in New York, only 588 of them – or about 1.04% – came back positive, Cuomo said.The governors of New York, New Jersey and Connecticut imposed a 14-day quarantine on people traveling to the tri-state area from states with a high transmission rate of coronavirus last week.The advisory also applies to tri-state area residents who are traveling back to their home state from areas with a high rate of transmission.The travel advisory comes as all three states continue to make great strides in slowing the spread of COVID-19.The tri-state area was considered the epicenter of the country's coronavirus outbreak as the number of cases in March and April soared into the hundreds of thousands and the death toll continued to climb for weeks. WPIX's Mark Sundstrom first reported this story. 2092

Milwaukee County completed its portion of Wisconsin’s partial presidential recount Friday night after the Milwaukee County Board of Canvassers certified the results.Milwaukee County ultimately recounted nearly 460,000 votes. President-elect Joe Biden gained 257 votes and President Donald Trump added 125 votes compared to Milwaukee County’s official canvass results. Biden netted an additional 132 votes to his margin of victory in Wisconsin, but Dane County’s recount has yet to finish.All that stood in the way of completing Milwaukee County’s recount Friday morning was 65 missing ballots from the city of Milwaukee. Those ballots were never found, so the board of canvassers decided to certify the results of all the other ballots in the county.Tens of thousands of ballots were separated during the recount at the Trump campaign’s request. 51,060 Milwaukee County voters self-certified that they were ‘indefinitely confined’ during the election. All of those voters who submitted their ballots had their ballot envelopes set aside for objections by Trump’s representatives.Additionally, 2,197 absentee ballot envelopes were separated because they had a different color ink on the witness address line, likely indicating clerks or poll workers filled in that missing information as allowed in the state.The board of canvassers decided that those votes would still count. The Trump campaign believes both categories could be fraudulent. Rick Bass, the only republican on the county’s 3-person board of canvassers, suggested those ballots will be subject to a Trump campaign legal challenge at a later date.“I trust that the Trump campaign is looking forward to its day in court,” commissioner Rick Baas said. “There were a number of things that had to be corrected and they’re often represented as just human error and usually they are. There are some things that couldn’t be examined, they’ll be examined at a different venue. This is not that place."Election officials said that no instances of fraud were found while conducting the recount.Dane County is expected to finish its presidential recount on Sunday.This article was written by WTMJ. 2169