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, […]
Real estate investors often get the entrepreneurial itch to venture into new and unexplored realms of realty, hoping to get wealthy. But they forget the cardinal rule of investing, popularized by Warren Buffet’s friend and the vice chairman of Berkshire Hathaway, Charlie Munger. The Munger rule: Know your limits. Munger calls it the “circle of […]
Thanks to overly optimistic projections and plain old politics, a number of U.S. states cannot keep up with pension payment promised to millions of public sector employees. From 2015 to 2016, the pension payout shortfall owed by states grew by more than $295 billion dollars, reports the Pew Charitable Trusts. Currently, most American states that owe pension […]
Over half of American finance sector jobs may be replaced by next generation artificial intelligence technology within a decade. Financial technology and industry experts are predicting the mass turnover from human employees to artificial intelligence (AI) will happen. James D’Arezzo, CEO of Glendale, California-based Condusiv Technologies notes that the financial industry is beset already by “a […]
Some say we are in a roaring economy looking for continued growth, especially considering how low interest rates remain. Then there’s Ron Paul, who says we’re once again in a big fat bubble that’s about to pop. The retired congressman and one-time presidential contender is aggressively recommending that investors buy gold to protect themselves from […]
How much do we owe, on average? Enough for everyone to own a home in Kansas. A Federal Reserve survey found that Americans aged between 35 to 44 have more than $133,000 in personal debt. In 2017, the total debt Americans were burdened with topped $13 trillion dollars, more than half the size of national debt […]
Many investors see gold as one of the safest assets that you can add to a portfolio, but is it now poised to make an epic run higher? Bond king Jeffrey Gundlach says “Yes.” The bond fund manager, who runs $100 billion at DoubleLine Capital, is extra bullish on gold now. Once it breaks its […]
Yield-starved investors once flocked to dividend-paying stocks. Now the tide appears to be turning. That could signal a recession, and soon. Given the relatively low coupon rates for high-grade bonds, retirement investment portfolios have been heavily weighted toward riskier equities. Many S&P 500 companies were paying generous dividends to their shareholders, making the shares of […]
