CHINA DATA, CRUDE PRICES DRIVE MAJOR SELLOFF Fierce headwinds hit Wall Street last week. A report showed that Chinese factory activity hit a 6-year low in July, raising serious doubts about whether that country’s economy was still maintaining 7% annual growth. (The Shanghai Composite lost 4.3% Friday and 11% for the week.) Friday, WTI crude […]
Growth Report for Monday, August 24, 2015 Read More
As the world watches, the nation’s government tries to end the downturn. Investors worldwide worry about the state of China’s equity market. These fears have impacted Wall Street. The recent ups and downs of the Shanghai Composite (SSE) have been startling: the 16 trading sessions from June 17-July 9 included daily losses of 6.42%, 7.40%,
China’s Chaotic Market Read More
What is the minimum adequate rate of success for your 401K? If you are the owner of a company and you sponsor a qualified retirement plan, such as a 401(k), I’d like to ask you to consider the following scenario: Imagine you are about to board an airplane at Salt Lake International Airport. Your destination
Is Your 401K Plan on M.A.R.S.? Read More
SHOPPERS SPEND MORE IN JULY Retail sales rose 0.6% last month according to Commerce Department data, topping the 0.5% gain projected in a Briefing.com poll of economists. This was great news after the flat June reading (which was initially recorded as an 0.3% decline).1 A SLIGHT DIP IN HOUSEHOLD SENTIMENT Falling 0.2 points to a
Growth Report for Monday, August 17, 2015 Read More
It might be better to wait a bit longer. Some people retire at first opportunity, only to wish they had waited longer. Thanks to Wall Street’s long bull run, many pre-retirees have seen their savings fully recover from the shock of the 2007-09 bear market to the point where they appear to have reached the
You Could Retire…But Should You? Read More
A GREEN LIGHT FOR A RATE HIKE? According to the latest Labor Department report, employers hired 215,000 new workers in July – 77,000 of them in professional, business, education, and health care occupations. The jobless rate held steady at 5.3% while the U-6 rate (unemployment + underemployment) ticked down to 10.4%. Monthly hiring totals have
Growth Report for Monday, August 10, 2015 Read More
Working a little (or a lot) after 60 may become the norm. Do we really want to retire at 65? Not according to the latest annual retirement survey from the Transamerica Center for Retirement Studies which gauges the outlook of American workers. It found that 51% of us plan to work part-time once retired. Moreover,
The New Gradual Retirement Read More
CONSUMER CONFIDENCE DIPS WITH STOCK DECLINES July brought an 8.9-point drop for the Conference Board’s consumer confidence index; it fell to 90.9. The University of Michigan’s consumer sentiment index held up better, losing 3.0 points in July to descend to a mark of 93.1.1,2 PENDING HOME SALES SLIP; PRICE INDEX TICKS UP The National Association
Growth Report for Monday, August 3, 2015 Read More
Key lessons for retirement savers. You learn lessons as you invest in pursuit of long-run goals. Some of these lessons are conveyed and reinforced when you begin saving for retirement, and others you glean along the way. First & foremost, you learn to shut out much of the “noise.” News outlets take the temperature of
Long-Term Investment Truths Read More
EXISTING HOME SALES UP, NEW HOME SALES DOWN According to the National Association of Realtors, residential resales increased 3.2% in June with the median home value hitting an all-time peak of $236,400, 6.5% higher than a year ago. New home buying subsided 6.8% last month with the median sales price at $281,800, representing a 1.8%
Growth Report for Monday, July 27, 2015 Read More
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