However, the survey also found that the majority of Americans have more than $10,000 saved for retirement: close to 7% have saved between $10,000 to $49,999; 13% have saved between $50,000 and $99,999, 12% have saved between $100,000 to $199,999; 10% have saved between $200,000 to $299,999, and 16% have over $300,000 in retirement savings. Research by the Insured Retirement Institute (IRI) also suggests trouble for some retiring Boomers. According to the study, 45% of Baby Boomers have no retirement savings.
The U.S. stock market again has moved to an all-time high — and more than a few investors are worried. Finding stocks to buy is exceedingly tough, with growth names in particular at valuations not seen since the heady days of the dot-com bubble. For the most part, stocks have simply climbed the proverbial “wall of worry“. And those investors who have seen many growth stocks as “too expensive” in many cases have missed out on huge gains.
At the time of writing, the Japanese Yen was down by 0.21% to ¥107.53 against the U.S Dollar. Elsewhere At the time of writing, the Kiwi Dollar was down by 0.01% to $0.6782, with the Aussie Dollar down by 0.07% to $0.7070. The pair failed to find support in spite of the upward momentum in the Asian equity markets and dovish FOMC chatter.
Spot gold popped to a six-year high early Friday on the back of dovish comments from New York Federal Reserve President John Williams from Thursday. Comments from Fed Vice Chair Richard Clarida also drove up prices as well as some so-called “safe-haven” buying due to a military incident between the U.S. Navy and Iran. Profit-takers, however, killed the rally after they were encouraged to liquidate positions after New York Fed officials downplayed Williams' comments.
Gold prices hit their highest level since 2013 this past week, an indication that investors increasingly view the often-maligned metal as a good alternative to paper money and government bonds at a time of accommodative monetary policies around the world. Gold climbed to $1,446 an ounce before ending on Friday at $1,425. The metal is up about 1% on the week and 12% so far this year, but remains well below its peak of $1,900 an ounce in 2011.
Costco Wholesale Corp. (COST), the members-only, big box discount retailer, charges $60 for it's lowest level membership, the Costco Gold Star membership. This may seem like steep cost to buy things, but Costco uses a subscription model of business for three reasons. With several large supermarkets, Wal-Mart Stores, Inc. (WMT) Supercenters, Target Corp. (TGT), Sam's Club, BJ's Wholesale Club, and a variety of neighborhood groceries and farmer's markets, Americans have lots of choice about where to spend their weekly food budget.
Employers might be checking up their workers more than they think, according to a new report. Aside from monitoring employees' emails, some companies are keeping track of texts, chat messages, phone calls and ID badges, The Wall Street Journal reported. According to the outlet, workers have been signing agreements for years that say any communication that happens on a company device is the property of the company, but employers are finally coming around to using that information.
Tuna Amobi, consumer cyclicals analyst at CFRA, discusses second-quarter results from Netflix Inc. as the streaming media company reported a decline in U.S. customers. He speaks with Blomberg's Vonnie Quinn on "Bloomberg Markets."
Intuitive Surgical stock attempted a breakout Friday after the robotic surgery giant topped second-quarter estimates, though it saw a moderation in the number of hernia procedures using its systems. Shares of Intuitive Surgical rose as much as 1.5%, to 544.85, briefly topping a buy point at 540.56 out of a cup-with-handle base that began forming in April. Evercore ISI analyst Vijay Kumar expected a donnybrook pitting the bulls and bears.
Microsoft's (MSFT) stock popped 2% on Friday following another much better-than-expected quarter. For the fiscal fourth quarter, Microsoft's adjusted earnings came in at $1.37 a share versus estimates for $1.21 a share. The tech giant impressed Wall Street thoroughly, which has become the norm under the leadership of CEO Satya Nadella.
AT&T is a highly attractive dividend stock, thanks to its high yield above 6% and its impressive streak of dividend increases. The company has increased its dividend each year for 35 consecutive years. This places AT&T on the exclusive list of Dividend Aristocrats, a group of 57 companies in the S&P 500 Index with at least 25 consecutive years of dividend increases.
Before Netflix's earnings report this past Wednesday, the bull case for the stock was that the streaming giant's world-wide subscriber base of 150 million was still a starting point. For its second quarter, Netflix added 2.8 million net new international subscribers and lost 126,000 U.S. users, versus Wall Street expectations for 352,000 domestic additions and 4.8 million international adds. Netflix had forecast a total of five million new subscribers.
Match Group is the IBD Stock Of The Day as the owner of the Tinder dating app jumps into a buy zone. The Match stock rally comes as the company reportedly explores new ways to monetize the Tinder app, possibly by bypassing the Google Play store on mobile devices. Match stock is on the IBD Leaderboard list of premium stocks, and has been since the stock found support at the 50-day moving average.
U.S. President Donald Trump's administration has been toughening up sanctions on the Islamic Republic, all but preventing it from exporting oil, the lifeblood of its economy. Trump, who regularly touts the success of those penalties, tightened them further last month after Tehran shot down an American drone near the Persian Gulf. Iran's currency “is under siege thanks to us,” he told a cabinet meeting in January.
Advanced Micro Devices (NASDAQ:AMD) stock has been red-hot, hitting new 52-week highs earlier this month. Now we have to consider when to buy AMD stock again and decide whether it can break out over its stiff resistance. AMD stock price fell slightly on Wednesday as it failed to exceed $74.
John Roe, head of multi-asset funds at Legal & General Investment Management, discusses gold and what the world's best currency to be holding for safety. He speaks on “Bloomberg Markets: European Open.
Anheuser Busch Inbev NV (NYSE: BUD) sold its Australian beer assets to Japan's Asahi Group Holdings for $11.3 billion in enterprise value. According to one analyst, the parent company of Budweiser has other assets lined up for sale. Proceeds from the sale of AB InBev's Australian business named Carlton & United Breweries will be used to pay down the debt load which topped $100 billion at the end of 2018, according to CNBC.
A 37-hour workday early in his career taught Larry Enterline what it takes to succeed. "These were not 9-to-5 jobs," said Enterline, now 66, who retired June 29 as CEO of Fox Factory Holdings. Witnessing the dedication and work ethic of those workers shaped Enterline.
Tesla has withdrawn its request for a court-ordered restraining order against Randeep Hothi, documents submitted to the court where the complaint was filed revealed Friday. Hothi, an individual who is very vocal on social media about his short position in Tesla, had gone to extreme and potentially dangerous lengths in his avid attempts to collect materials to support his vocal criticism, according to the company. The Alameda County Superior Court actually granted Tesla a temporary injunction in this matter back in April, after Tesla filed a complaint with supporting documents supporting its assertion that Hothi had injured a guard during a hit-and-run incident in February, and that he nearly caused an accident by driving dangerously in pursuit of a Tesla Model 3 undertaking a test driven on April 16.
Many people make sacrifices in order to put away extra funds in retirement accounts, such as not going on vacation or buying a new car. Once you've made the effort to save and invest, you don't want to compromise your financial future by falling for something that might sound good now, but doesn't contribute to a comfortable retirement. -- Failing to account for inflation.
Locating a bottom is never easy, but right now a cheaper-priced Aurora Cannabis (NYSE:ACB) may finally mean better value for ACB stock bulls. It has been a hair under a month since last discussing ACB stock. At the time I was cautiously optimistic on the Aurora price chart.
Your retirement goals will depend largely on the income you can expect during your retirement and will likely evolve as your plans, risk tolerance, and investment horizon change. While specific investing “rule of thumb” guidelines—such as “You need 20 times your gross annual income to retire” or “Save and invest 10% of your pretax income”—are helpful, it's important to step back and look at the big picture. Consider these six essential rules for smart retirement investing.
I don't know if that company is ever going to recover,” Keith Fitz-Gerald, chief investment strategist at Money Map Press, said on Yahoo Finance's “The First Trade. Cloud contest One of those pivots is the cloud, which allows individuals and corporations to store massive amounts of data without the need to buy and maintain their own systems. Amazon Web Services has the true first-mover advantage when it comes to the fast growing cloud computing business.
The major U.S. equity indexes posted a volatile two-sided trade on Friday before settling lower for the session. The markets were bid higher early in the day as better-than-expected earnings results from Microsoft underpinned technology stocks and added to the bullish tone generated the day before by New York Fed President John Williams who strongly implied the central bank would lower interest rates by 25-basis points this month. Some investors even went as far as suggesting Williams was indicating a more aggressive 50-basis point rate cut when the Fed meets on July 30-31.
The key to investing success is consistency with a diversified portfolio. Sufficient diversification can be achieved in as few as one or two funds. The reason for diversification is simple: When you invest in a wide swath of investments across various sectors, your total investment returns will be steadier, as one asset class drops, the others will shore up returns.