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China Is Developing Its Own Digital Currency — and That’s Bullish for Bitcoin
As technology becomes more prevalent in every aspect of our lives, some investors may be wondering what China's digital currency could mean for Bitcoin and other cryptocurrencies. Digital payments have become more the norm in China rather than the exception as...
The Bull & The Bear: Retirement Matters — When to Convert, When to Contribute
Using a Roth IRA over a traditional individual retirement account does have its advantages. For one, with a Roth IRA, you don’t have to pay taxes on the money you withdraw when you retire. But you have to consider the trade-off if you plan to convert your existing...
Why Long-Term Investors Should Always Focus on the Short-Term
Whenever prices fall, investors say things like “it’s only a paper loss,” or “I’m in it for the long run.” Often, they believe that. Individual long-term investors learned to say things like that from professionals. Financial advisers tell clients they should ignore...
Opening Bell: Wednesday Morning’s Top News and Stocks to Watch
U.S. stock market futures continued to climb with Nasdaq futures nearing record highs as optimism of a quick economic recovery outweighed another night of social unrest, plus stocks to watch today in the Money & Markets Opening Bell. The Top Story The S&P 500...
China Is Developing Its Own Digital Currency — and That’s Bullish for Bitcoin
As technology becomes more prevalent in every aspect of our lives, some investors may be wondering what China's digital currency could mean for Bitcoin and other cryptocurrencies. Digital payments have become more the norm in China rather than the exception as...
Why Long-Term Investors Should Always Focus on the Short-Term
Whenever prices fall, investors say things like “it’s only a paper loss,” or “I’m in it for the long run.” Often, they believe that. Individual long-term investors learned to say things like that from professionals. Financial advisers tell clients they should ignore...
Why Betting Against This Bear Market Bounce Is a Fool’s Errand — for Now
Momentum is driving the stock market bounce higher in the short-term, but markets still have a way to climb before they regain their record February highs. Back on March 19, I predicted the start of the stock market bounce three business days before it happened. March...
How to Play the Stock Market Rally So You Aren’t ‘Left Holding the Bag’
The stock market rally seems to have already priced in bad economic data and rising tensions both domestic and abroad, but there are still plenty of investing opportunities out there as long as you are smart about it. The economy is a shambles (but recovering),...
This Energy Stock Can Provide Investors With 30% Upside in 1 Month
It just doesn’t make any sense right now. The stock market seems to be completely unaware of the fact that the U.S. economy is in a recession, likely a prolonged one. The S&P 500 crossed the psychological 3,000-point mark and the Dow recently closed above its...
Lockdown Darlings Show Recession Is Ahead, Not Behind Us
Another 2.1 million Americans filed for unemployment recently and the likelihood of 20% unemployment is real, as is a recession. Yes, stimulus checks from the federal government have helped make up at least some of the lost income felt by the sting of unemployment for...
Space Tourism Is Pure Speculation — a Guide to Playing Virgin Galactic
As we wait with bated breath for the launch of Elon Musk’s SpaceX...
Closing Bell: Boeing, Recovery Hopes Send Stocks Soaring
A 12% spike in shares of Boeing plus — stop me if you've heard this one — hopes for a quick economic recovery following the easing of coronavirus lockdowns sent Wall Street higher Wednesday, plus more in today’s Closing Bell on Money & Markets. Boeing Bumps Dow...
Opening Bell: Wednesday Morning’s Top News and Stocks to Watch
U.S. stock market futures continued to climb with Nasdaq futures nearing record highs as optimism of a quick economic recovery outweighed another night of social unrest, plus stocks to watch today in the Money & Markets Opening Bell. The Top Story The S&P 500...
Closing Bell: Reopening Prospects Drive Stocks Higher
Investors continued to bank on a smooth economic recovery out of the coronavirus lockdown, pushing U.S. stock market indexes higher even amid civil unrest, protests and riots, plus more in today’s Closing Bell on Money & Markets. The Top Story Investors are...
Relief Rally? Bear Market Bubble? Examining a Fed-Fueled Boom Amid Chaos
Unless you've been under a rock, in a coma or living in a remote location entirely detached from news the past few months, you're well aware of the coronavirus pandemic and ensuing lockdown that led to the fastest stock market crash in history. When the closing bell...
US CFOs Say the Dow Is About to Crash to 19K — ‘It Is Definitely Bearish News’
Chief financial officers around the world are growing increasingly worried the U.S. stock market is not reflecting reality, and a recent CFO survey shows that many are worried another crash is on the horizon. According to the newest CNBC Global CFO Council Survey, 51%...
Lockdown Darlings Show Recession Is Ahead, Not Behind Us
Another 2.1 million Americans filed for unemployment recently and the likelihood of 20% unemployment is real, as is a recession. Yes, stimulus checks from the federal government have helped make up at least some of the lost income felt by the sting of unemployment for...
Hong Kong as We Know it Ends With US, China on Brink of New Cold War
The Hong Kong we’ve known for generations is gone....
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The Big COVID-19 Scam: Why Universal House Arrest Was a Mistake
Week 12 of the Quarantine SAN MARTIN, ARGENTINA – What joy for a cynic! Here is proof that the human race is every bit as stupid and as cupid as he always thought it was. Two of the biggest public policy humbugs in human history have come in the last 90 days. Today,...
Lockdown Darlings Show Recession Is Ahead, Not Behind Us
Another 2.1 million Americans filed for unemployment recently and the likelihood of 20% unemployment is real, as is a recession. Yes, stimulus checks from the federal government have helped make up at least some of the lost income felt by the sting of unemployment for...
Feds’ COVID-19 Policies Turning America Into Financial Fantasyland
Week 11 of the Quarantine SAN MARTIN, ARGENTINA — Amid the many errors and scams perpetrated by Powell, Mnuchin, Trump, Pelosi, McConnell, et al., one stands out. In their Bail Out Everything Act, aka CARES, like a neighborhood loan shark, they sent out the message:...
What the U.S. Can Learn From Argentina’s Toxic Economic Policies
Week 10 of the Quarantine SAN MARTIN, ARGENTINA — Today, we consult the (fictional) “Argentine Economic Survival Manual.” There’s no better resource. Because there’s no cockamamie money scheme… no jackass spending program… and no underhanded ripoff that the Argentines...
Hyperinflation Now? Argentina Hints at America’s Fast-Approaching Future
Week 10 of the Quarantine SAN MARTIN, ARGENTINA — Time is speeding up. Things we expected to take decades are happening in just days, months, weeks… And here in Northwest Argentina, we get a sneak preview of the fast-approaching future… What do we see, exactly? The...
A Sector of the Housing Market Is Booming. Profit Now With This ETF
On the surface, considering the housing sector of the economy, things aren’t looking so good. Economic activity is so low that we are in the midst of a recession. Millions of Americans continue to be out of work due to businesses closing because of the coronavirus...
Dangers of a W-Shaped Recovery Can’t Be Ignored After Fed Chief’s Testimony
The federal government has pumped billions of dollars through various efforts in an attempt to stabilize the economic recovery in the U.S. Congress passed a $2.2 trillion coronavirus stimulus package and the Federal Reserve slashed interest rates to near zero again...
The Bull & The Bear: Retirement Matters — When to Convert, When to Contribute
Using a Roth IRA over a traditional individual retirement account does have its advantages. For one, with a Roth IRA, you don’t have to pay taxes on the money you withdraw when you retire. But you have to consider the trade-off if you plan to convert your existing...
An Opportunity From Crisis: Why Now Is a Perfect Time for a Roth Conversion
Back in April, I explained when it makes sense to fund a Roth IRA or Roth 401(k) and when it makes sense to stay with the good, old-fashioned traditional IRA or 401(k). Spoiler alert: It mostly comes down to your income. If you’re a high-income earner, the traditional...
Stick It to the Tax Man: Maxing Your 401(k), HSA to Turbocharge Your Retirement
If you’re on track to maxing out your 401(k) this year, congratulations! You’re building your nest egg while sticking it to the tax man, and doing so in the middle of a pandemic. Pat yourself on the back! But before I go any further, let’s make sure we’re on the same...
A Recession Is Assured. Follow This Plan So It Doesn’t Wreck Your Retirement
There may be a disconnect between the economy and stock market right now, but it's likely the U.S. (and world, really) are going to be in the gutter economically for an extended, unknown period of time. So how should you approach planning for retirement during a...
A Recession May Doom Social Security’s Future — 1 Way to Prepare
Social Security's future was already in question, and another recession is going to put even more pressure on the social safety net, which means you may want to prepare for a very different program than what's been the norm for decades. The Social Security Board of...
Looking for a Home Upgrade? Follow These Rules to Buy a Trade-Up House
I’ll admit I have houses on my mind these days — a trade-up house, more specifically. I have a third kid on the way, and my existing two kids are the proverbial bulls in a China shop. They’ve pretty well trashed our existing place, so even if I don’t buy a new house,...
2 Simple Social Security Truths That Can Boost Your Ideal Retirement
Social Security is a great tool to help supplement your savings after you've left the daily grind, but there are some Social Security misconceptions that can wreck your idea of the perfect retirement. Learning the ins and outs of the benefits program can help you find...