The roaring job market puts “boom inflation” back on the investor map

The roaring job market puts “boom inflation” back on the investor map

Instead, concern has shifted to what a booming labor market and rising costs for everything means for stocks and bond portfolios, particularly if it morphs into a resilient mix of higher growth and inflation. How to call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, indicating that annual wage … Read more

FIRE, 30/50/20, Bogleheads and Ramsey’s Baby Steps

FIRE, 30/50/20, Bogleheads and Ramsey’s Baby Steps

Financial movements like FIRE, velocity banking, and the strategies promoted by personal finance influencers like Dave Ramsey and Suze Orman often play an outsized role in shaping household financial strategies. But this advice is a double-edged sword in the eyes of many professional financial planners. These financial strategies can encourage people to deal with their … Read more

5 ways to feel richer (even if you aren’t) | Personal finance

5 ways to feel richer (even if you aren’t) |  Personal finance

Kimberly Palmer The investment information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. In a way, feeling “rich” depends less on how many zeros you have in your bank … Read more

5 ways to feel richer (even if you aren’t) | Personal finance

5 ways to feel richer (even if you aren’t) |  Personal finance

Kimberly Palmer The investment information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. In a way, feeling “rich” depends less on how many zeros you have in your bank … Read more

Is it possible to run out of money in retirement? | 401k

Is it possible to run out of money in retirement?  |  401k

It can be easy to worry about having enough income to support your retirement lifestyle. These anxieties naturally increase during an economic downturn and periods of inflation. Retirees living on a fixed income may feel their budgets shrink or find it difficult to pay their regular bills. If you are worried about surviving your retirement … Read more

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

WASHINGTON – Leaders of a Senate committee will propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest rate swaps. Senate Agriculture Committee Chair Debbie Stabenow and high-ranking Republican John Boozman of Arkansas are planning to introduce a bill on August … Read more

The dollar will weaken and these stocks could outperform, Evercore says

The dollar will weaken and these stocks could outperform, Evercore says

Hopes that the Federal Reserve may be less aggressive in raising borrowing costs than previously feared have quickly rippled across markets over the past week. Stocks rose as bond yields fell. And it abruptly stopped the dollar’s rage. The DXY dollar index, which reached a 20-year high above 108.5 in July, is now close to … Read more

What is a debt collector and what does he do? | Personal finance

What is a debt collector and what does he do?  |  Personal finance

Debt collectors are heroes or villains, depending on your point of view. If you own a business and have money in debt, hiring a debt collector can help you get it back. If you are the person who owes money, you may want to avoid confrontation with a debt collector. However, whatever your feelings about … Read more

Opinion: Fidelity’s bitcoin move gets all the wrong publicity

Opinion: Fidelity’s bitcoin move gets all the wrong publicity

What would Ned Johnson do? The late, great Fidelity Investments honcho transformed his family’s Boston-based money management company into one of the largest in the world over the course of a long career. Johnson died on March 23 this year at the age of 91. On April 26, just over a month later, his daughter … Read more

1 in 5 workers say their retirement savings are off track. Here’s how to get yours back on track. | Smart Change: Personal Finance

1 in 5 workers say their retirement savings are off track.  Here’s how to get yours back on track.  |  Smart Change: Personal Finance

(Kailey Hagen) We’ve all been through a lot in recent years, first with the pandemic, now with record inflation and talk of a looming recession. So it’s no surprise that people aren’t optimistic about their chances of retiring comfortably right now. According to BlackRock, nearly one in five workers don’t feel they can afford the … Read more