Buck Bully
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[MarketWatch, Getty Images] Has competition already fallen, and will it continue to do so? Mortgage rates on 30-year fixed rate loans have climbed from about 3.5% earlier this year to upwards of 5.6%, and pros say they may go higher (see the lowest mortgage rates you can qualify for here). Home prices too have made […]
[Yahoo!Finance, Getty Images] As Recession Watch heats up, executives and Wall Street pros are debating when — as opposed to if — the next official downturn could occur amid the one-two punch of elevated inflation and rising interest rates. “As people take on higher mortgage interest rates, that means that in the future, we’ll be refinancing our clients the […]
[MarketWatch] It is outperforming even its expensive, exclusive hedge-fund competitors What would Jack Bogle think? The legendary Vanguard founder, who died three years ago at 89, famously advised investors to avoid anything fancy in their retirement portfolios, 401(k) plans and IRAs. Bogle’s usual advice to an ordinary investor was to stick to a low-cost U.S. […]
[CNBC, Getty Images] Eight in 10 small business owners expect a recession this year, according to a CNBC survey.You can prepare by diversifying your portfolio, including bond allocations despite slumping prices, experts say.“People really need to make sure that they have sufficient emergency savings,” said Catherine Valega, wealth consultant at Green Bee Advisory.After rebounding from […]
[Moneywise] With price levels continuing to spike, the Fed is no longer using the word ‘transitory’ to describe inflation. U.S. consumer prices jumped 8.5% in March from a year ago, marking the fastest increase since December 1981. That could give the Fed more reason to continue raising interest rates — something that’s already casting a […]
[MarketWatch] Just $3 for every $100 invested has left the stock market, says the bank At nearly the halfway mark in a volatile year of trading, the S&P 500 index is down, but not out to the point of an official bear market yet. According to a widely followed definition, a bear market occurs when […]
[Fortune] Roughly 80% of U.S. adults say they believe a recession is coming this year. Here’s how investors should protect their portfolios if they’re right. Threats to the U.S. economy have dramatically increased throughout the first four months of 2022, leaving many investors wondering how to best protect their portfolios. From the war in Ukraine and rising interest […]
[Fortune, Bloomberg] Pittsburgh has been named the most affordable city for housing, as accommodation costs around the globe surge. Pittsburgh has been named the most affordable city for housing, as accommodation costs around the globe surge. Hong Kong, long the world’s most expensive city for housing, ranked bottom of the 92 housing markets assessed in […]
[CNBC] In 2018, I hit my first six-figure year as a freelance writer on Fiverr, earning nearly $300,000 in revenue writing blogs, press releases and website content for clients. Now, at 29, I have six streams of income — from freelance writing, influencer sponsorships, eBook sales, course sales, ad revenue and affiliate revenue. Last year, I […]
[CNN, Getty Images] Life expectancy in the United States took another hit in 2021, furthering a dramatic decline from 2020 that was the largest since World War II, according to a new report. The study — published Thursday on the preprint server medRxiv, which means it has not been peer-reviewed — found that after falling nearly 1.9 […]