$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500’s 8-Day Winning Streak Capped in a Fibo Retrace on Volume Tax time is here and the April 15 deadline for individual returns looms, as Americans are facing the full reality of President Trump’s new tax law. The law, better known as the Tax Cuts and Jobs Act, […]
$USD, $SPY FLASH: The Fed’s decisive statement this week that interest rates are unlikely to rise this year sends a signal to US households: keep buying things. The Fed tries to guide the US economy by controlling the interest rate banks charge one another for overnight loans. Moving this rate up lifts other rates in […]
President Trump Cuts More Regulations, Small Businesses Benefit $DIA, $SPY, $QQQ, $RUTX, $VXX US markets will be closed Monday in celebration of Labor Day. Friday, President Donald Trump directed the Labor and Treasury departments to work to make it easier for small businesses to band together to offer retirement plans to their workers. President Trump […]
Stress for Millennials: Money, Health or Politics Millennials say their finances cause them more stress than politics, work or health, according to a new study. “Politics is a huge stress for people and we know work is a big stress,” says Michael Katchen, CEO and co-founder of Wealthsimple, the online investment management service behind the […]
Most Investors Pick Stock Funds as Best Long-Term Investment $SPY Investors have selected stock index or mutual funds over 5 other investments as the best for the long term results, according to the latest Wells Fargo/Gallup Investor and Retirement Optimism survey. Real estate and individual stocks are a distant second. Fully 54% of investors choose […]
Survey: Majority of Wealthy Investors Expect to Live to 100 anni $UBS More than 50% of the world’s wealthy investors expect to live to the age of 100, with nearly 67% planning to work longer in life to afford a comfortable retirement, according to a survey released Thursday. The UBS Investor Watch, which tracks the sentiments of […]
The Trump Rally Swells Retirement Accounts Balances $DIA, $SPY, $QQQ, $VXX Retirement savings account balances have hit all-time highs. A string of record 401(k) and IRA account totals now stretches across three consecutive quarters, according to Q-2 data from Fidelity Investments. The data covers 22,155 companies and 15.1-M 401(k) plan participants, as well as 8.8-M […]
Majority of Investors Not Thinking About Retirement $DIA, $SPY, $QQQ, $VXX Few American investors give much thought about retirement, I am 1 of them, I found something I love doing and do it. Less than a 33% of non-retired investors have given “a lot of thought” to the best age for retirement, while 11% say […]
American’s Financial Expectations at Odds with Reality A new survey finds our expectations at odds with the financial reality of today’s retirees Setting a retirement savings goal can feel like a crap shoot. How can you calculate your expenses, especially for health care, five, 10, 50 years from now? If you’ve punted, you have company. […]
Obama’s Description of His Legacy is Excessively Charitable to Himself US President Barack Hussein Obama recently celebrated the 7th anni of the passage of the American Reinvestment and Recovery Act, or as most Americans likely remember it, the $830-M stimulus package. The benefits of the stimulus are up for debate, but Mr. Obama is absolutely […]
The Earlier Millennials Start Saving, The Easier to Accumulate “Nest Egg” $DIA, $SPY, $QQQ, $VXX Young workers today probably cannot think about retiring for 40 or 50 years. Longer lives and the prospect of weaker investment returns mean millennials will probably have to save more money, over a longer period of time, than their Parents […]
Over 60% of American Families Have No Retirement Plans Since voluntary savings plans led by 401(k)s have largely replaced traditional pensions, it is no surprise that this is the “best of times” for many highly paid America workers. It is the “worst of times” for almost everyone else in the nation, especially the 42% of […]