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First up, the stock market – it had a little dip because apparently, someone mentioned the 'I' word (inflation), and it’s got everyone running around like it's a horror movie. But don't fret; we've got the lowdown on this drama.
Next, we've got a tale of a not-so-comfy ride: Birkenstock thought they'd be the life of the IPO party, but it turns out their sandals didn't quite fit the market's fancy – they plunged 13% below their grand entrance price.
Now, if you're hunting for a reliable financial bandwagon, look no further than Warren Buffett's S&P 500 love story. We'll spill the beans on why it's a safe bet for growing those greenbacks.
Grab your iced latte with oat milk and two pumps of orange blossom syrup over crushed ice and let's get into it! ☕️👇️ Coffee submitted by Milski - Send us your favourite order to win free Investing Journal Premium!
What caused this chaos,? Well, some fresh inflation data made everyone a bit jittery, and the 10-year Treasury yield jumped up by 11 basis points to 4.70%. Meanwhile, the 2-year Treasury yield decided to join the party and rose more than 6 basis points to 5.06%.
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1 Time-Tested Warren Buffett Index Fund Could Turn $300 Per Month Into $618,900 (5 minute read) Warren Buffett, the grandmaster of investing, has been singing the same tune for years: if you want a surefire way to grow your money, hitch a ride on the S&P 500 bandwagon. This index has been strutting its stuff, delivering a cool 10% annual return over the long haul. And guess what? The Vanguard S&P 500 ETF? It's like your golden ticket to a magical world of influential global companies. So, if you've been searching for the investment equivalent of a unicorn, look no further – Warren's got you covered!
Is The Stock Market Rigged? (7 minute read) Many individual investors suspect that the stock market might be rigged. The perception of wealth concentration at the top often fuels this belief. In 2020, the wealthiest 10% of households owned 89% of all stocks and mutual funds, according to Federal Reserve data. This concentration of ownership raises suspicions about potential market manipulation to benefit the wealthy. Is this the truth?
BIRK: Birkenstock Flops in Weak Market Debut as Shares Close 13% Below IPO Price (1 minute read) Well, it looks like the German sandal maker got a bit carried away with its own hype – they slapped a price tag on themselves at a whopping $8.6 billion, but guess what? Investors just didn't want to play ball. It was like a movie where they released Birkenstock's new shares with a grand flourish, only to realize the audience wasn't clapping. BIRK shares ended their first day in the New York trading scene at $40.20, which is a 13% discount from the lofty $46 a share they initially asked for.
Here’s What It Really Costs To Own a Car in the US — And 7 Ways To Make It Cheaper (5 minute read) According to Kelley Blue Book, the average price tag for a brand-spanking-new car in March was a whopping $48,008, marking a 3.8% price hike in the past year. But wait, there's more! It's not just the initial sticker shock; it's the whole shebang – maintenance, insurance, gas, and all those other car-related goodies. According to AAA, owning and operating a new car in the land of the free now sets you back an average of $12,182.
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