📈 5 Investing Tips From Jeff Bezos

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Good Morning!

First up, we've got Fitch, the rating agency that made the U.S. go from "AAA" to "AA+" - we've got the scoop on that and how it might impact your investments. Speaking of investments, the man, the legend, Warren Buffett himself has been shouting from the rooftops about S&P 500 index funds and why you should be putting some money aside every month.

Buckle up for a double surprise from two of our favorite tech giants, Amazon and Apple - Solid earnings, unexpected growth - they pulled out all the stops.

Grab your Venti Caramel Macchiato with an extra shot of espresso, a sprinkle of cinnamon, a dash of whipped cream, and a drizzle of caramel, and let's get into it! ☕️👇️

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Markets

Market drops more than 2% in worst day since February (5 minute read)
On Wednesday, stocks hit the panic button and went into selloff mode, with the Nasdaq marking its worst day since February. Blame it on Fitch, the rating agency that downgraded the U.S.'s long-term rating from AAA to AA+.

As you can imagine, risk-off sentiment made a dramatic comeback. The tech-heavy Nasdaq lost 2.17%, while the S&P 500 pulled back 1.38%, and the Dow Jones Industrial Average took a tumble of 0.98%. Fitch cited "expected fiscal deterioration over the next three years" for their decision, bringing back memories of the last downgrade in 2011.

Investing

5 Best Investing Tips From Jeff Bezos (6 minute read)
Did you know that the founder of Amazon, Jeff Bezos, is also a successful investor? In fact, he was able to turn just $10,000 into billions of dollars by investing in startups and blue-chip companies. Want to learn some of his top investing tips? Then read on!

1 Warren Buffett Index Fund That Could Turn $500 per Month Into $1 Million (5 minute read)
When it comes to financial wisdom, who better to turn to than the Oracle of Omaha himself, Warren Buffett? He’s been waving the flag for S&P500 index funds - Take the Vanguard S&P 500 ETF, for example - it's a magical mix of value stocks and growth stocks, covering all the bases in every market sector.

It Was A Prime Harvest For Amazon And Apple (5 minute read)
Amazon (AMZN) and Apple (AAPL) just pulled off some unexpected financial magic on Thursday. Amazon put the pedal to the metal and zoomed back into the double-digit fast lane last quarter. Apple didn't have universal growth in every department - sales of iPhones, Macs, and iPads took a bit of a dip last quarter, but they had a secret weapon up their sleeve: the ultra-profitable services business. With over a billion paying subscribers worldwide, Apple TV, Music, iCloud, and more brought in record revenue.

Money

Workers Today Predict They’ll Need Nearly $2 Million to Retire (5 minute read)
The retirement savings goal just got a little bit heftier! According to a recent survey by Charles Schwab, folks now estimate they'll need an average of $1.8 million tucked away to kick back in their golden years. That's a bump from last year and it's got some people sweating.

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