Why do so many people choose them over traditional IRAs?
The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced in 1998, its popularity has soared. It has become a fixture in many retirement planning strategies because it offers savers so many potential advantages.
But when will the cryptocurrency bubble burst?
Investors are excited about bitcoin – perhaps too excited. Their fervor is easy to understand. On December 18, bitcoin closed at $17,566. Back on September 22, bitcoin was valued at only $3,603.1
Yes, you read that correctly – the price of bitcoin jumped nearly 500% in three months.
Have you been affected? If so, how can you try to protect yourself?
On September 7, credit reporting agency Equifax dropped a consumer bombshell. It revealed that cybercriminals had gained access to the personal information of as many as 143 million Americans between May and July – about 44% of the U.S. population.
If you’re going to say “I do,” here are some things you might want to do.
Are you marrying soon? Have you recently married? As you begin your life together, it is important for you to start planning your financial future together and putting your finances on the same page. Here are some priorities you might want to write down on your financial to-do list.
Have you ever been confused by the jargon used on Wall Street? Perhaps it is time to translate some of those esoteric stock market terms into plain English.
Blue chips: This term refers to stocks that have a history of consistently strong dividend payments, issued by large corporations with solid management. In addition, this is also a nickname for the Dow Jones Industrial Average, which includes 30 companies that usually deserve such a label.
These investments let you own real estate without having to be a landlord.
What is a REIT? A real estate investment trust (REIT) is a real estate investment company that manages a portfolio of income properties, distributing the lion’s share of its profits as dividends. By getting into a REIT, you can gain an ownership interest in prime commercial real estate, without the headaches of commercial real estate management.
The Federal Reserve takes the key interest rate north by another quarter point.
On Wednesday morning, futures markets put the odds at 99.6% of a June interest rate increase by the Federal Reserve. Sure enough, the central bank made a move. It raised the key interest rate by 0.25%, taking the target range for the federal funds rate to the 1.00-1.25% range.
Expect more volatility, but avoid letting the headlines alter your plans.
Recent headlines have disturbed what was an unusually calm stock market. The political uproar in Washington may continue for weeks or months, and it could mean significant, ongoing turbulence for Wall Street.
The year of 2021 was wild, full of surprises and yet a historic one for the markets. Stocks overcame numerous headwinds, including a contested presidential election, an assault of the U.S. Capitol, historically high inflation, supply chain disruptions, the still raging global pandemic and the resurgence in COVID cases due to the new variants.
Equity returns for the last year and a half have been in a constant steady growth mode since the steep decline caused by the Covid-19 pandemic. The positive momentum continued in the beginning of the third quarter of 2021, with the broad market indexes reaching a series of all-time highs in July and August, powered by the resiliency of economic recovery and accommodative monetary policy of the Federal Reserve.
After an already strong start to the year, U.S. equity markets continued to post solid returns in the second quarter, thanks to the ongoing global vaccine rollout combined with fiscal support from the government. The S&P 500, a benchmark for large capitalization domestic companies, gained 8.6% for the quarter and was up 15.3% at the halfway point of the year.
The first quarter of 2021 was a turning point in both the pandemic in the United States and the economic damage it has caused. Stocks have not lost any of their luster from the end of last year. Despite a few episodes of heightened volatility, the equity markets marched steadily higher in the first quarter of 2021, with all the major indexes posting solid returns from high single to double digits.
