I just read an article where the author has compiled a list of stock market predictions from well-known stock market experts. Since 2010, there have been 62 “can’t miss” predictions; 43 of those predictions were wrong. In other words, 69 per cent of these almost-certain predictions were wrong; two were neither right nor wrong and only 17, or 27 per cent, of these “can’t miss predictions” actually turned out to be right.
Prior to my talk at a recent speaking engagement, I walked around the room, consisting mostly of retirees and pre-retirees, asking everyone what they considered to be their top financial concerns. My unofficial survey results revealed the top two concerns being, not surprisingly, the fear of running out of money and poor or declining health. During my talk, I shared with the group a way to have increased confidence about the long-term outlook of your retirement money using what we call a Nest Egg Stress Test.
Recently, I came across a “Wall Street Journal” article quoting someone from Morningstar, the mutual fund rating service, saying retiring is dangerous now because no one knows what is going to happen in the future. I am pretty sure this has always been the case. No one knows for sure what’s going to happen in the future. So, is retiring now dangerous for you? You really need to look at the question from two aspects.
You probably noticed that when President Trump recently declared a trade war against China, it triggered sharp downturns in the stock market. But what exactly is a trade war and what really is a trade deficit? A trade deficit is a monthly calculation made by government economists. The value of products manufactured in China that are purchased in the U.S. are subtracted from the value of products manufactured in the U.S. that are purchased by Chinese consumers.
Whenever we ask our retired clients “what is the single most important thing to have for an incredible retirement?”, they always say good health. Here are 4 tips to better health in retirement.
Financial scams often go unreported and can be difficult to prosecute. Here are three common scams and what you can do to avoid them:
Recently, the S&P 500 Index's bull market became the second-longest and the second-best market in recent history. If you include reinvested dividends, stock prices are up 340 per cent from the low point after the financial crisis in 2009.
It's easy to think it's been easy money — you just put your chips on the table when the market hits the bottom and let them ride.
Here’s why we use index mutual funds and ETFs in accounts we manage and why we recommend them for just about everyone.
A recent research study shows that 93 per cent of all US stock funds that were professionally managed were outperformed by their respective index benchmark over a three-year average.
Ever since the stock market hit rock bottom about eight years ago, it's been going up. But, sooner or later the market will have some kind of correction. Here are three steps you can take to protect your retirement nest egg.
Now that we are eight years into a bull market, some investors and, most certainly the financial media, are assuming something just has to go wrong. As a result, you are seeing lots of stories about what area of the market is already in a bubble waiting to pop.
Here is an interesting take on some of these so called bubbles from economist, Brian Wesbury.