💵 The Dollar Rises, But China Is Ready To Fight Back

Good Morning! The people have spoken - FIREwatch has a new look (thanks to your poll feedback)! In the newsletter, you'll now see more content relating to Investing and Market news to help you build and preserve wealth 🔥.Introducing our three revised sections: Markets is where you can find articles about general stock market news, Investing is where you'll find more specific stock picks and investing advice, and the classic Money which will contain the personal finance and financial independence articles. Let us know how you like it!

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Markets

What The Bank of England's Policy Reversal Means for U.S. Stocks (7 minute read)"The Bank of England, like the Fed and most major central banks had, until this morning, been on a path of tightening. They were raising rates and winding bond purchases down to zero, with a view to selling assets back into the market before too long... This morning they felt the need to intervene because the British Pound (GBP) and those Gilts were being hammered in the market after the new Prime Minister Liz Truss started her administration with what looks like an economic mistake of massive proportions."

The 10-Year Treasury Yield Just Topped 4%: What It Means for You (5 minute read)Inflation has prompted the Federal Reserve to boost short-term interest rates aggressively, and that has had an impact on many longer-term bonds as well. On Wednesday morning, the yield on the 10-year Treasury briefly moved above 4% for the first time since 2008. That has significant implications for both stocks and bonds that investors need to consider in making investment decisions. Higher bond yields have sent prices sharply lower, hurting conservative investors

The Dollar Rises Again. But China Is Ready to Fight Back Against a Weak Yuan. (6 minute read)The U.S. dollar was rising again Thursday, having slipped back from a fresh 20-year high hit on Wednesday. The U.S. Dollar Index—which measures the greenback against a basket of six major peers—gained nearly 1% to 113.50, having topped 114.50 at the peak of Wednesday before falling down to the 112 region. The dollar’s dip in the previous session “was a classic case of profit-taking after a stunning run in the dollar, which has already resumed its upward trajectory,” said Marios Hadjikyriacos, an analyst at broker XM.

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Investing

3 Stocks You'll Be Glad You Bought at These Prices (7 minute read)With all three major indices in bear market territory, there hasn't been a better time to buy stocks than now. The stock market has always recovered after a downturn. It doesn't matter how bad of a catalyst it was -- the Great Depression, the Great Recession, or the COVID-19 pandemic -- the market has always reached new highs. The Motley Fool looks at some companies I think are too cheap to ignore: Alphabet (GOOG), Twilio (TWLO) and MercadoLibre (MELI).

22 dividend stocks screened for quality and safety (5 minute read)Now that the S&P 500 has hit a new closing low for 2022, it is a good time to rerun a screen of low-volatility dividend stocks that may perform relatively better. An initial screen of the S&P 500 SPX, +1.97%, from June 29, resulted in a list of 19 stocks that met quality criteria set by Lewis Altfest, CEO of Altfest Personal Wealth Management, which is based in New York and manages about $1.5 billion for private clients.

Buffett's Berkshire Hathaway buys 5.99 million more Occidental shares (3 minute read)Warren Buffett's Berkshire Hathaway Inc bought another 5.99 million shares of Occidental Petroleum Corp, boosting its stake to 20.9% after the oil company's shares lost about a fifth of their value in less than a month. The purchases were made between Sept. 26 and Sept. 28 and cost about $352 million, Berkshire said in a regulatory filing on Wednesday. Following the purchases, Berkshire now owns about 194.4 million Occidental shares worth approximately $11.9 billion, based on Occidental's Wednesday closing price of $61.41. Berkshire had gone seven weeks since its last purchase of Occidental shares, which pushed its stake above 20%.

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Money

Afraid of a Recession? Do These 4 Things Today (5 minute read)Thanks to inflation, the Federal Reserve's efforts to control inflation, and an overflow of global problems, a worldwide economic contraction is on the table (though not guaranteed) in the near future. And it's exactly this situation that could make well-prepared investors significantly wealthier a few years down the line. So if you want to address your anxiety while setting your portfolio up for success, here are four simple actions you can take that'll pay off.

8 Retirement Planning Tips Everyone Can Learn From the FIRE Movement (8 minute read)Over 39% of Americans want to retire before the age of 63, according to a recent GOBankingRates survey of 997 adults. Retiring early isn't a recent fad -- it's the main goal behind the FIRE (Financial Independence, Retire Early) movement. Many FIRE followers strive to save about 30 times their annual expenses so they can retire in their 40s or 50s. Then in retirement, they can pull small portions from their savings for regular living expenses. But what if you don't plan on retiring early, how can the FIRE movement help you? Here are several FIRE principles you can still follow, according to financial experts.

What is a Crypto Wallet? (5 minute read)Crypto wallets are digital tools or physical devices meant to safeguard access to your digital currencies, such as Bitcoin (BTC) and Ether (ETH). Wallets are able to locate your crypto on the blockchain and receive transactions from others by using distinct codes. Like exchanges, these tools are an essential component of the crypto ecosystem that users should familiarize themselves with before or as they begin to invest in this type of asset. Read on to learn more about crypto wallets, including the different kinds of wallets, how they work and how to set them up.

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Top Investing Reddit Posts

From food stamps to $1.5 mil.... Now what?

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