Jim Cramer: Gold, dividend and medical device stocks are rate-cut buys
CNBC’s Jim Cramer said that it’s an opportune time for investors to start buying gold, high-yield and medical device stocks after the market took another dive on Tuesday.”I know I’m early, but you can’t wait until the selling ends before you start building a position,” the “Mad Money” host said.The Federal Reserve issued an emergency…
Retirement: 401( k) company match ends. What should staff member do?
Dear PeteMy employer just cut our 401k match completely. They used to match 100% of our first 6%, but now they’re contributing absolutely nothing. I keep telling my wife that if they’re not gonna match, we shouldn’t put any money in either. Can you help me to explain why to her?Darren,Raleigh, North CarolinaNo. But I…
Goldman Sachs slashes projections, now sees GDP diminishing 39% this quarter and unemployment at 25%
Goldman Sachs now thinks second-quarter GDP will decline 39%, and increased its peak unemployment rate estimate to 25% from 15%, according to a note published Tuesday evening.Following the first quarter GDP and April unemployment data release, Goldman now estimates that consumer services spending fell 20% from pre-virus levels in April, adding that alternative data suggests…
No American Will Be Spared from Impending Public Pension Bailouts
Pension Debt, Fiscal Mismanagement, And Why State/Local Bailout Requests Are So Maddening GETTY Imagine, if you will, an alternate reality, in which all 50 states had an equivalent track record in terms of sound fiscal management. They paid their bills on time, they spent responsibly, workers received fair market wages for their services, corruption inflating […]
The Devil In The Details Of Annuities
1,110 views|May 1, 2020,03:18pm EDTDavid KudlaContributorOpinions expressed by Forbes Contributors are their own.I write about investing, retirement, & workplace savings plans. Getty Chances are that if you are approaching retirement, you have been contacted to purchase an annuity as an investment vehicle. It has been most likely marketed as a way to get “guaranteed income”…
Is There Truly A “Retirement Crisis”?
We need to take steps to improve Americans’ retirement security. Getty There has been much coverage in the media in the past few years about a “retirement crisis” – one in which Social Security goes bankrupt and retirees who haven’t saved enough money have to move in with their kids. Many articles and reports take…
Why The Markets Aren’t Phased By The Highest Unemployment Rate On Record
U.S. unemployment is at all-time highs, yet the market keeps rising, what’s going on? Photographer: … [+] Michael Nagle/Bloomberg © 2016 Bloomberg Finance LP This week the official unemployment numbers for April came out. Unemployment hit 14.7%. That’s the highest unemployment rate for the series going back to 1948 and also the biggest jump with…
A record 20.5 million people lost their jobs April as joblessness rate leaps to 14.7%
The impact of the coronavirus-induced economic shutdown tore through the U.S. labor market in April at historic levels, slashing 20.5 million workers from nonfarm payrolls and sending the unemployment rate skyrocketing to 14.7%, the Labor Department reported Friday.Both numbers easily smashed post-World War II era records and help reflect the profound damage done through efforts…
Goldman Sachs states “S&P 500 costs will certainly dive by a…
The Inform. Launched: April 20, 2020 at 11: 17 a.m. ET. A dive in capex costs will certainly misbehave information for the economic situation. . < img title="" src=" https://brightfuturefinancial.com/wp-content/uploads/echo/MW-HR783_wall_s_20190920150816_ZQ.jpg?uuid=001c626c-dbda-11e9-a5da-9c8e992d421e" alt= “” data-enlarge=” https://brightfuturefinancial.com/wp-content/uploads/echo/MW-HR783_wall_s_20190920150816_ZG.jpg?uuid=001c626c-dbda-11e9-a5da-9c8e992d421e”/ > Getty Images. We anticipate S&P 500 cash prices will certainly decrease by an annual document 33% throughout 2020 as firms […]
Fed Can” t Print Gold: Bank of America Predicts Gold Price T…
Financial Institution of America (BofA) has a favorable sight on gold and also expects the costs of the rare-earth component to strike the $3,000 mark per ounce within the following 18 months, according to the financial institution’s most existing record entitled “The Fed can not publish gold.” The Fed can not publish gold, unlike every […]