- How Much Would I Have Now if I Invest $1,000 in $NVDA During the 2020 Stock Market Crash?
An investor who “buys the dip” might take advantage of market volatility or short-term events to ideally get a better return on investments. While timing the market and individual equity investments have their own risks, buying the dip can be a good way to invest in good assets while they’ve temporarily lost value. For example,… read more…
- Investor Panic: Potential Consequences of a U.S. Debt Default Revealed
Eight million is the sobering figure economists urge you to remember. If the U.S. were to default on its debt, the repercussions would be large: a staggering loss of more than 8 million jobs, accompanied by a protracted recession that could… read more…
- Edward Jones: Millennials Are the Most Likely to Experience Financial Hardship
While no one is immune to financial hardships, new research from financial services firm Edward Jones suggests that perhaps those in the millennial generation are particularly vulnerable. In a survey of financial advisors, 43% of the experts polled said that… read more…
- Are You Rich? Biden Wants to Double Your Capital Gains Taxes and Implement a Wealth Tax
While social issues have dominated news coverage recently, one of the most contentious and important issues in Washington never changes — tax policy. One of former President Donald Trump’s biggest victories was his 2017 tax plan that drastically reduced taxes… read more…
- Biden Wants to Close Tax Loopholes and Raise Taxes on Rich People to Protect Medicare
When he was running for president, Joe Biden was very clear that he was not Bernie Sanders — he wasn’t a socialist, and he didn’t believe the American economy and political system did not need to be completely torn down.… read more…
- Morningstar Says You May Want to Avoid This Type of Stock
Like most of Wall Street, banking stocks took it on the chin in 2022. The KBW Nasdaq Bank Index, which tracks the stock performance of 24 large U.S. national money centers, regional banks and thrift institutions, fell 23.7% in 2022.… read more…
- Older Workers Want Jobs to Be Remote and Flexible
Younger workers and their older compatriots on the job may have a lot of disagreements but in the new post-pandemic world of work there’s one thing they can agree on: work needs to be flexible, and it needs to be… read more…
- IRS Delays New $600 Reporting Rule for Gig Workers and Online Sellers to 2024: Here’s What You Need to Know
Here in the thick of tax season, those who earn money from freelance work and side-hustles may be wondering what obligations they have to report their income formally to the IRS. Well, in late December 2022, the IRS actually delayed… read more…
- Does Inflation Cause a Recession?
Inflation and recession have become the two watchwords for economics in 2022. Over the past year, major economies have experienced some of the highest rates of inflation in decades. Inflation in the U.S. economy alone is the highest it’s been since… read more…
- UBS Says Investors Looking For Yield Should Explore This Country’s 84-Stock Index
Investors looking for a bull market have found one in Brazil, where the benchmark 84-stock Bovespa Index, best known as Ibovespa, is up 5.89% year to date here in early December, a welcome alternative to the 20% loss U.S. stocks… read more…
- Here’s How Much Money You Lose by Not Diversifying (It’s a Lot)
Whether you’ve inherited stock, received equity in your company or simply own only a few holdings, a highly-concentrated portfolios may cause you to miss out on significant wealth by not diversifying. Research from Dimensional Fund Advisors shows that liquidating a… read more…
- When Do People Retire on Average
Determining when to retire can be tough. There are various factors to consider, including your financial situation, your health, and the lifestyle you wish to enjoy once you retire. While the decision of when to retire is personal to you,… read more…
- 5 Things Advisors Should Know Before the Nov. 4 Marketing Rule Compliance Date
Advisors, check your calendars. The mandatory compliance date for the Securities and Exchange Commission’s investment advisor marketing rule is Nov. 4. That’s right around the corner. And for many investment professionals, that deadline matters. In fact, nearly 69% of investment… read more…
- 12 Topics Advisors Should Discuss With Clients During Market Volatility
Periods of market volatility can be distressing to clients. Savvy financial advisors know, however, that unsettling market conditions present an opportunity to touch base with clients and demonstrate value. Here are 12 topics Vanguard says advisors can discuss with clients… read more…
- Biden Signs $740 Billion Inflation Reduction Act. Here’s What You Could Get
President Joe Biden has signed the Inflation Reduction Act into law. This legislation aims to pay down the national debt, lower energy costs and extend affordable healthcare coverage for millions of Americans. Let’s break down what’s in the act, what you… read more…
- Fidelity Launches 2 New Ways to Invest in Alternative Assets, But There’s a Catch
Investors looking to diversify their portfolios with alternative investments have two new options courtesy of Fidelity. The financial services giant is expanding its lineup of alternative investment products with the launch of two liquid alternative mutual funds that will invest in both traditional and non-traditional asset classes. The funds, known as “liquid alts,” will rely… read more…
- Got a Succession Plan? Advisor M&A Deals Hit New Record
Despite market volatility and geopolitical instability in the first half of 2022, wealth management firms closed a record number of merger and acquisition (M&A) deals, according to a report from Echelon Partners. Registered investment advisor (RIA) deals have ticked upward… read more…
- Where Do Millionaires Keep Their Money?
Where do millionaires keep their money? High-net-worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real estate. There were 24.5 million millionaires in the U.S. in 2022. And only 21%… read more…
- Average Net Worth By Age
Net worth is a financial metric that can help you keep your individual picture of your finances in perspective. The average net worth by age, in this case, refers to the net worth of the households in the U.S. divided… read more…
- Are Insurance Agents Fiduciaries? Federal Lawsuit Aims to Vacate This Controversial Rule
A federal lawsuit seeks to vacate a U.S. Department of Labor rule under which insurance agents who help clients roll over retirement assets are considered fiduciaries. The Federation of Americans for Consumer Choice, an insurance trade organization, filed a 21-page complaint on Wednesday alongside several Texas-based financial advisors who direct clients regarding the purchase of… read more…
- Big Fund Managers Are Betting on These Sectors in 2022
2021 offered investors a robust recovery from the early economic turmoil of the COVID-19 pandemic. But will it hold in 2022? A survey of 500 institutional investors from around the world by Natixis Investment Managers identified the sectors and asset classes where the biggest gains are expected next year, as well as the biggest risks.… read more…
- What Constitutes a Buyer’s Market?
A buyer’s market occurs when more goods or services are offered for sale than there are buyers to buy them. Buyer’s markets feature low prices and ample selection, which represent advantages for buyers. Sellers in a buyer’s market must confront… read more…
- Here’s How Much Your State Could Get From Biden’s $1.2 Trillion Bipartisan Infrastructure Bill
President Joe Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act into law on Nov. 15. Over the next few years, states will get multi-billion dollar windfall investments in physical infrastructure to build roads and bridges, public transit, clean drinking water and waste water systems, electric vehicle charging networks and high-speed internet. Though investors… read more…
- Make These Investments to Profit From the Infrastructure Bill
After months of debate and delay, President Biden’s $1.2 trillion infrastructure plan has passed the U.S. House of Representatives. The bill, which invests in the nation’s roads, bridges and ports, will also pump billions of dollars into broadband infrastructure, clean water systems and other projects. Investors hoping to capitalize on the massive federal plan have… read more…
- Here’s How Much Money You Could Get From Biden’s $1.85 Build Back Better Act
House Democrats passed the $1.85 trillion Build Back Better Act on November 19. Now it will move to the Senate for another vote. This infrastructure and social spending legislation includes thousands of dollars in tax credits and federal assistance for millions of Americans. Let’s break down how much you could get and save from President… read more…