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- 📈 More 401(k) Millionaires Than Ever
Good Morning!
The 401(k) retirement millionaires club is blowing up like never before, with a 25% surge this year. Yep, you heard right, there are now a staggering 700,000 IRA and 401(k) account holders living the dream. Speaking of retirement accounts, only 7.7% of Gen Z have even thought about a retirement account, and less than half of the millennial generation.
If you’re looking to beef up your own 401(k) portfolio, we're diving deep into "The 7 Best Swing Trading Books" to turbocharge your investing game.
Grab your venti half-caf, triple-shot, non-fat, caramel macchiato with extra foam and a sprinkle of cinnamon, and let's get into it! ☕️👇️
Markets
China and Treasuries Pressure Markets (3 minute read)
Well, the Asia-Pacific equity party didn't exactly end on a high note, except for our buddies down under. Australia's ASX All Ordinaries managed to squeeze out a measly 0.02% gain
You see, there's this cloud of worry floating around about China's potential debt drama. Evergrande, a real estate company, is pulling a "please help me out" move for the second time in as many years.
Investing
Should You Invest in a 401(k)? (4 minute read)
About a year back, Census.gov dropped a report that's like a retirement reality check - Gen Z, those young whippersnappers aged 15 to 23 - only 7.7% of them have a retirement account. Less than half of the millennials, the 24 to 39 club, are on the retirement savings train.
The 7 Best Swing Trading Books in 2023 (12 minute read)
Swing trading is a popular investment strategy that involves taking advantage of short-term price swings in the stock market. It can be an effective way to make money but it requires discipline and knowledge. Fortunately, there are many books out there that can help you get started with swing trading and become a successful investor.
Want to Make Passive Income Along With Strong Returns? Check Out This Off-The-Beaten-Path Real Estate Investment. (5 minute read)
While commercial real estate has transformed over the years from plain old apartments and office buildings into a diverse array of moneymaking properties, Sun Communities (SUI) is that quirky friend of the group, with a penchant for the unique. They're not about the run-of-the-mill stuff - they're all about owning manufactured housing communities, RV resorts, and even marinas..
Money
The Number of 401(k) Millionaires Is Back on the Rise as Account Balances Surge (3 minute read)
The club of "retirement-account millionaires" is booming once more! These financial superstars are the lucky ones with individual retirement accounts (IRAs), 401(k)s, or 403(b)s packing a punch of at least $1 million per account.
According to the wizards at Fidelity, the number of these retirement millionaires has surged by a whopping 25% just this year. They've got the stats to back it up: "Average retirement account balances increased for the third straight quarter," they said, and now there are 378,000 401(k) millionaires and 350,000 IRA millionaires
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