Inflation is rising, the stock market is volatile and now the Federal Reserve has raised interest rates – but investors, as always, should steer clear of any major changes, financial advisers said. T...
Tag: financial services
The only two stock funds you’ll ever need
Let’s face it: You’re probably reading this article because you want to make more money from your investments. That’s the No. 1 motivation of investors. So I’m going to tell you how to achieve one of ...
Opinion: 8 ways to protect your money if you think stocks are headed even lower
I know what you’re thinking: Why, oh why, didn’t we all just “sell in May and go away” like that stupid Wall Street saying recommended? Plenty of other articles will hash out the hows and whys behind ...
Zillow Stock Tumbles After Selling More Homes Than Expected. Here’s Why.
Text size Zillow says it has 1,300 homes left in its inventory, most of which have sold or are in agreement to be sold or disposed. Courtesy of Zillow Faster-than-expected home sales in Zillow’s iBuyi...
Why did the Dow plunge more than 1,000 points? Should I wait for stocks to sink lower? Here’s what some pros think.
What a difference a day makes. Fresh off the best percentage gain for the Dow Jones Industrial Average DJIA, -3.12% since Nov. 9, 2020, the blue-chip index got clobbered, along with the rest of the st...
What the Fed’s Interest-Rate Increase Means for Your Mortgage, Loans, Savings
The Federal Reserve raised its short-term benchmark rate by a half-percentage point on Wednesday, the sharpest increase since 2000, to a range between 0.75% and 1%. Though widely expected, the move wi...
‘My aim is to have a net worth of at least $100,000’: I’m 29 and live with my mom in a rented mobile home. I have a $25K emergency fund and $26K in a Roth IRA. What do I save for next?
I am doing OK financially as a single 29-year-old who unfortunately is still roommates with my mom. We split everything down the middle and I mainly stay with her since it is very expensive to live on...
How high can the Fed hike interest rates before a recession hits? This chart suggests a low threshold.
The days when the Federal Reserve could raise its benchmark interest rate significantly above 5% without sparking a recession may be a thing of the past, according to Wells Fargo Investment Institute....
Morgan Stanley’s Mike Wilson says S&P 500 could tumble toward 3,400 if a ‘true growth scare’ is on the cards
Morgan Stanley’s bearish chief U.S. equity strategist Mike Wilson has some bad news and some good news for investors. On the heels of the worst April for stocks since 1970, Wilson and a team of strate...
Powell wants to get rates closer to neutral. But what’s neutral? Think between 5% and 6%, former top Fed staffer says
With U.S. inflation surging higher than anyone expected, Fed Chairman Jerome Powell, has laid out a policy path where the Fed is going to move quickly to get its benchmark interest rate up to “to a mo...
‘I can’t afford to pay the loan because I’m on a fixed income.’ I’m a 57-year-old widow with $67K in student loan debt. Can you help me get rid of it?
There are some forgiveness and benefit options, including some specific to military spouses that could provide financial compensation. AP Question: I’m a military wife, and my husband died on active d...
How will boomers draw down their 401(k) balances?
Recent studies have found that past generations drew down their financial assets very slowly in retirement, leaving much of their savings untouched throughout old age. This finding always seemed obvi...
Crypto enthusiasts sniff at Buffett, Munger comments on bitcoin. ‘It took them decades before they decided to invest in Apple,’ one analyst says.
Warren Buffett and Charlie Munger doubled down on their criticism of bitcoin at Berkshire Hathaway’s annual shareholders meeting Saturday, while crypto enthusiasts appear unswayed. Buffett, Berkshire’...
These stocks soared during the pandemic, and then crashed. Ten are now expected to double in price.
A screen of stocks that popped during the coronavirus pandemic highlights dozens that have crashed. But some are considered worthy of purchase by a majority of analysts. You might want to keep an eye ...
Cathie Wood Watch: Ark Buys a Sagging Healthcare Stock
Renowned investor Cathie Wood, chief executive of Ark Investment Management, did more selling than buying on April 29, including the sale of a personalized-health-care-benefits provider for companies....
Gas prices are up roughly 40% from just a year ago. So you may want to try this method to get ‘basically free money’ for gas — but there’s a catch
Is a gas credit card right for you? Getty Images Amid high inflation, rising prices of crude oil and the war in Ukraine, gas prices have jumped from an average of about $2.88 per gallon a year ago, to...
Alphabet Chief Financial Officer Ruth Porat Bought Stock in Blackstone
Text size Blackstone headquarters in New York. Angus Mordant/Bloomberg Blackstone stock has slumped so far in 2022, and director Ruth Porat just bought shares of the private-equity firm on the open ma...
Buffett Blasts Wall Street as a Casino; Munger Attacks Robinhood
Wall Street’s encouragement of investors taking speculative and highly risky moves in their investments have made it more of a “gambling parlor,” Berkshire Hathaway CEO Warren Buffet...
Berkshire Hathaway’s Charlie Munger Takes Another Swipe at Robinhood
Charlie Munger’s opinion of Robinhood HOOD -2.82% Markets Inc. hasn’t improved in the past year. If anything, it has become more negative. “It was pretty obvious that something like that was going to ...
Buffett invests big chunk of Berkshire Hathaway’s cash
Berkshire Hathaway’s first-quarter earnings fell more than 53% on a large swing on the paper value of its investments, but Warren Buffett found ways to put some of the company’s massive cash pile to w...
‘We cannot do that.’ 3 things NOT to ask your financial adviser to do for you
Getty Images A financial adviser can do a lot of things — provide advice to help you manage your finances, execute trades on your behalf, create holistic financial plans based on your short- and long-...
At the Berkshire Hathaway meeting, Warren Buffett aims to assure shareholders
OMAHA, Neb. — At the start of the Berkshire Hathaway BRK.B, -2.55% BRK.A, -2.94% annual meeting on Saturday, chairman and chief executive officer Warren Buffett wasted no time speaking to the question...
As Dow sinks over 1,000 points, signs of panic-selling emerge in stock market
Panicky behavior was starting to set in on Wall Street on Thursday, at least from a technical perspective, as the Dow industrials shed all of the previous day’s dramatic gains, and then some. Trading ...