With Amazon.com Inc. down 33% this year and Meta Platforms Inc. tumbling over 40%, you might expect, or at least hope, the carnage in Big Tech is nearly over. You would probably be wrong, according to Dan Suzuki, deputy chief investment officer at Richard Bernstein Advisors.
When stocks are plunging, checking your investment accounts is risky business. The market turbulence is jarring for younger investors, who had gotten used to the idea that stocks always go up. And for those with a bit more experience, watching hard-earned money suddenly disappear is a terrible experience.
Millennials took one look at their financial future and, early on, realized it was bleak. The YOLO generation started saving for retirement — stuffing away money in 401(k)-type accounts — nine years earlier than their baby boomer parents did, according to a new study.
Most analysts expected some action on interest rates from the U.S. Federal Reserve in 2022 — but maybe not the five rate hikes they’re now pricing in. Inflation was clearly driving upwards, but we’re seeing much higher, more consistent price increases.
This Christmas’s unexpected stocking stuffer might be an NFT.
A rule of thumb for how much U.S. retirees can “safely” withdraw each year without fear of outliving their savings just got a haircut.
It’s been called “a lot of sizzle, no steak.” “Great marketing.” “Overhyped and oversold.”
To show how exclusive you are, there’s nothing like turning away a billionaire. Two members of the three comma club were among those nominated to join R360, a new, invitation-only investment and networking group for people with net worth of $100 million or more.
U.S. workers who are being shepherded back to the office would rather continue doing their jobs from home, at least a few days a week.
The pandemic has forced many families to make a difficult choice: Should elderly parents stay in retirement communities or nursing homes, or should they be brought to live at home?
The team is relatively young but also is interested in appealing to advisors who may eventually want to retire to Florida.
Companies see suspensions as a way to boost cash flow and avoid or limit job cuts -- although furloughs and layoffs have been plentiful this year.
But some financial-services companies are using the disruption to fill key roles and bolster businesses.
Roth IRAs look very appealing following market volatility and warnings that tax rates are bound to rise.
The movement is based largely on the idea that you can live on less and save more through intensive financial planning, and an 11-year bull market made the possibility of hitting their numbers seem well within reach. That’s gone now.
The chief investment officer of Citigroup Inc.’s private bank says rich clients are looking for less downside and a levered upside for equities.
