Elder abuse perpetrated by financial scams are on the rise, to the tune of about $37 billion dollars every year. According to a study by New York State’s Office of Children and Family Services, over 5 million senior citizens are victimized by financial scams. The study’s authors called the figure “grossly underestimated.” For every instance […]
During the past few months, investors have had to contend with market volatility, an increase in interest rates and uncertainty about the direction of the yield curve and the stock market. To complicate matters, those looking to take short-term profits presently face another unknown variable: May through November has historically been a six-month weak stretch […]
According to a recent report, gold is expected to deliver an unprecedented price performance in 2018 and beyond. The Gold Survey 2018, published by the GFMS Metals Research, a unit of Thomson Reuters, says that uncertainty in the markets is fueling the yellow metal’s safe-haven character, leading to an increase in investments in gold bars […]
In the last two years, the cannabis industry has seen spectacular growth. Some pot stocks have risen by as much as 1,000% since 2016. However, investments in frontline marijuana stocks may not have much upside to offer now, as many people are potentially over-invested in them. Looking at the current stagnation in the mainstream marijuana […]
Deutsche Bank, Germany’s largest bank, accidently issued $35 billion to an international exchange that wasn’t owed. The event is almost too staggering to comprehend. The market value of Deutsche bank itself is only $30 billion. Representative from Deutsche Bank categorized the event as an “operational error.” The colossal financial blunder occurred in late March 2018. The mistakenly […]
Though they may be loathe to admit it, investors have been spoiled for the past decade and largely shielded from the risk of even a mild downturn in the market. Pampered by 10 years of historically unprecedented low interest rates and an unwavering Federal Reserve policy of easy money, many investors have been disquieted by market […]
Nearly 42,000 Berkshire Hathaway shareholders last weekend made the pilgrimage to Omaha, Nebraska to hear Warren Buffett and his longtime business partner Charlie Munger answer six hours of questions and answers at an annual meeting of shareholders. Buffett, among the world’s wealthiest people, had as usual many homespun nuggets of investing wisdom to offer. But […]
A report by Fidelity Investments reveals that a healthy couple retiring in 2018 need more than $280,000 to cover post-retirement medical expenses. That number is an increase of nearly 2% over 2017, when it was $275,000, yet the smallest increase in post-retirement medical expenses since 2014. The rising costs in post-retirement medical expenses can be […]
The recent rise in interest rates has contributed to wild swings in the market so far this year. Stocks now are slightly negative for the year. Nevertheless, anxious investors should realize that instead of indicating an imminent crisis, a rise in the Treasury yields signify a return to normalcy. A decade of historically low interest […]
Stocks will continue rising by about 20% for the next 18 months, after which a recession will hit in 2020. That’s according to Scott Minerd, the global chief investment officer for mutual fund company Guggenheim Partners. Minerd made the comments while speaking at the 2018 Milken Global Investment Conference in Los Angeles. According to Minerd, […]
