Drops for Tesla, Netflix, and other big tech-oriented stocks are clamping the brakes on Wall Street’s torrid rally. The S&P 500 fell 0.7 percent Thursday, coming off its highest close since early April 2022 and its seventh gain in the last eight days. The Nasdaq lost 2.1 percent, its biggest drop in more than four…
How to Win the Battle Over Temptation
If you’ve ever stopped by the store to pick up milk and walked out with a week’s worth of snacks to go with it, you know something about the power of temptation. Experts say the typical adult is exposed to 3,500 commercial ads in any given day. These hidden persuaders are designed to manipulate our…
The Secrets of Successful Financial Planning: Inside Tips From an Expert (Part 4.2)
Options as Investments The owner of a call option has paid a dollar or so for the right to buy 100 shares of XYZ corporation’s stock (currently selling at $100/share) from the owner who sold the call option for $102/share at any time within a specified period, such as a year. The buyer knows that…
Medicare Options for Those Working Past 65
Many baby boomers are not slowing down. In 2021, 25.8 percent of adults 65 and older worked. That compares to 30.5 percent of teenagers holding a job. Many seniors postpone Social Security when working, but what about Medicare? The regulations say you must sign up for Medicare when you turn 65. But is this always…
How Major US Stock Indexes Fared July 19
Wall Street closed modestly higher following profit reports from a spate of banks and other big U.S. companies. The S&P 500 rose 0.2 percent Wednesday after its seventh gain in the last eight days. The Dow added 109 points, or 0.3 percent, and the Nasdaq edged up less than 0.1 percent. Elevance Health helped lead…
Las Vegas Rent Decreasing
In 2022, most Americans had it rough financially. Inflation surged up to 9.1 percent at one point, and food prices hit an increase of 9.9 percent. If that wasn’t enough, those who rented were also hit hard. Overall, in the United States, multifamily renters were experiencing increases of 12.2 percent for new tenants. Renewals were…
The Secrets of Successful Financial Planning: Inside Tips From an Expert (Part 4.1)
Make New Savings Very Aggressive, and Existing Assets Well Diversified The first secret to be shared here is that your investment portfolio’s asset allocation is always recommended by these programs and advisors to be the same for new contributions to savings as for existing lumps you have at risk. I strongly recommend that new qualified…
Benefits for Spouses
I think I get more questions about benefits for spouses than I do about any other kind of Social Security benefit. And even though I’m using the gender-neutral term, “spouses,” these questions almost always come from women wondering what benefits they might be due on their husband’s—or ex-husband’s—Social Security record. Or they come from men…
New York Federal Reserve Reports Surge in Credit Application Rejections
The New York Federal Reserve Bank said more Americans had their credit applications rejected last month at levels not seen in years. The New York Fed reported on July 16 added that fewer people across the country also sought to borrow. The report was part of the bank’s monthly Survey of Consumer Expectations, which is taken every four…
How Major US Stock Indexes Fared July 18
Wall Street’s growing frenzy around artificial intelligence pushed stocks to their best level in more than 15 months. The S&P 500 rose 0.7 percent Tuesday to its highest finish since early April 2022. The Dow added 366 points, or 1.1 percent, and the Nasdaq composite climbed 0.8 percent. Microsoft was the biggest force pushing the…
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