💰 The Best 50 year old investing advice money can buy

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Markets

Oil prices fall to lowest level of the year (2 minute read)Crude oil futures fell to their lowest level of the year Wednesday amid growing concern about the state of the global economy. The sell-off came despite ostensibly good news for the economy, as China announced plans to scrap the harsh regime of testing, quarantine and lockdowns that have pushed the nation's growth rate well below goals set by officials.

Unemployment claims hit 10-month high as US labor market remains tight ( 2 minute read)Data out from the U.S. Department of Labor (DOL) on Thursday revealed that continued unemployment insurance claims rose to a 10-month high by late November showing the country's labor market is still tight.

World's Money Managers See Double-Digit Stock Gains in 2023 (4 minute read)Some of the world's biggest investors predict that stocks will see low double-digit gains next year, which would bring relief after global equities suffered their worst loss since 2008. Amid recent optimism that inflation has peaked — and that the Federal Reserve could soon start to change its tone— 71% of respondents in a Bloomberg News survey expect equities to rise.

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Investing

The Best 50-Year-Old Investing Advice Money Can Buy (6 minute read)Investing in broad-based index funds seems unambitious — a fallback for people who lack the confidence to pick stocks that will outperform the market. Nearly 50 years ago, the economist Burton Malkiel came out with a book that said, in effect, that all of us should be in index funds. The stock and bond markets incorporate new information into prices almost instantly, so trying to beat them is a fool’s errand. While this has come to be conventional wisdom, it was crazy talk in 1973.

2023 Wall Street Forecasts For The S&P 500: Huge Dispersion (12 minute read)Personally, I believe the worst of the bear market was over when the S&P 500 hit 3,577 in October 2022. What matters most is what the Fed plans to do with interest rates. Come 1Q 2023, I think the Fed will have to pause its hikes and start cutting by the end of 2023. As Asana billionaire CEO Dustin Moskowitz wisely quipped, “I’m CEO of the Asana company, but lately, Jay Powell has been CEO of the stock price.” Sadly, this scenario will likely continue to be true for the next 12 months.

Consumer Sentiment and the Value of Long-Term Investing (4 minute read)Famed investor Benjamin Graham once wrote, “The intelligent investor is a realist who sells to optimists and buys from pessimists.” To walk the line between optimism and pessimism is the task of the prudent investor, and that is challenging when the ups and downs of the market encourage ill-advised practices such as market timing or overreliance on historical performance.

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Money

How Should I Set Up My Bank Accounts? (5 minute read)The starter homes of a banking relationship are your checking and savings accounts. But just as you might organize your home differently, or even move to a new home, the way you organize your bank accounts may require changes over time. If you’re like me and still have accounts at the same bank as your parents, maybe enough has changed in your life to consider if a new bank would better fit your needs. Let’s determine both the right type of bank and best combo of accounts and tools for you.

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