πŸ“ˆ Secrets of 401(k) Millionaires

Plus: AI won't take your job any time soon

Good Morning!

First up, Tesla's stock is playing 'slip and slide' after missing its earnings mark - seems like even electric cars can hit a speed bump now and then. Next, we've got the inside scoop on one tech stock that's been churning out millionaires like a money-making machine – and spoiler alert: it's not slowing down anytime soon.

And for the grand finale, we're spilling the beans on the 3 hush-hush secrets of 401(k) millionaires. Trust me, these aren't your grandma's investment tips!

Grab your Almond Biscotti Oat Latte and let's get into it! β˜•οΈπŸ‘‡οΈ
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Markets

Daily Markets: Tesla Earnings and 4Q 2023 GDP (5 minute read)
Looks like the European markets are playing a game of mix-and-match today, while the U.S. equity futures seem to have caught the same bug, showing a bit of indecision. Meanwhile, Tesla shares are feeling the heat after their latest earnings report – talk about a plot twist!

And for a morning surprise, the U.S. GDP report for 4Q 2023 just dropped, and it's like finding extra fries at the bottom of the bag – a 3.3% growth, way more than the 2% we expected. Who said economics was boring?

Investing

Tesla Stock Skids on Earnings Miss, Slowing Growth & Lack of Sales Guidance (5 minute read)
Tesla's latest financial show-and-tell didn't quite rev investors' engines. After the market tucked in for the night on Wednesday, Elon Musk's electric vehicle empire shared its earnings, and let's just say the numbers didn't quite charge up the crowd. Sales and profits took a detour from what Wall Street was hoping to see, and Tesla's crystal ball for 2024 car sales was, well, a bit foggy. This left Tesla stocks (TSLA) skidding down 6% in the off-hours race. Looks like it's a bumpy road ahead for the EV titan!

1 Technology Stock That Has Created Millionaires, and Will Continue to Make More (5 minute read)
The AI revolution is like a grand magician, making us all rethink the art of the possible and shaking up the way we do... well, pretty much everything. EnterΒ Nvidia (NDA), originally the cool kid on the graphics processing block, which – surprise, surprise – turns out to be a perfect fit for the AI party. And talk about growth potential: the AI market is expected to balloon to a size five times its current stature by 2032. For those with an eye on Nvidia shares, here's a heads-up: they're a bit like a rollercoaster with their high-flying values, so expect some dips. But if you're in it for the long game, it might just be the ticket worth holding onto.

AI Won’t Take Your Job Anytime Soon (4 minute read)
Fear not, job warriors! A fresh scoop from MIT might just be the calming cup of tea you need amidst all this AI takeover chatter. Turns out, the AI apocalypse gobbling up our jobs might not be as close as some folks love to predict. The brainiacs at MIT have crunched the numbers and found that our robot overlords might not be cashing in on our paychecks after all. The big spoiler? It's all about the moolah – or the lack of it, when it comes to replacing us humans. So, you can hold off building that bunker for now!

Money

3 Secrets of 401(k) Millionaires (4 minute read)
Ever daydream about lounging in retirement with a cool million in your pocket? Well, it turns out, that's a club with pretty exclusive membership. As of the last decade, only about 3.2% of Americans had the golden ticket of $1 million or more tucked away in their retirement accounts, per the latest Federal Reserve Survey and some number crunching by EBRI. And guess what?

These financial unicorns aren't wizards with secret spells or VIP access to some magical savings plans. They're just regular folks who've mastered a few nifty tricks to hit that coveted $1 million mark in their 401(k)s. Ready to learn their secrets?

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