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Ponderings For the Week of September 17 to 23, 2018

Investor Confidence Propels Stock Prices

Stocks gained about 1% on average last week with several economic reports pointing to a robust economy with low inflation. Equities also benefited from a reduction of worries about an escalation of the trade disputes. After a miserable prior week, technology stocks rebounded to lead the pack into higher territory. Even international stocks enjoyed a strong week.

This week’s economic reports focus on the housing market with August housing starts and August existing home sales. While the data is not expected to be very strong, real estate investment trust stocks have been surging of late.

Expect some craziness in the trading pits this Friday with quadruple witching day. Index futures, index options, stock futures, and stock options are all set to expire.

   

 

Is the Golden Age Over?

A lot of experts are saying that our children will never be as well off financially as we are. This is by no means the first time I’ve heard that the golden age is over. The last time was during the 2008 stock market crash, before then it was 2001, before that 1990, and 1982 before that. I’ve heard this lamentation enough to conclude that future generations are not consigned to a lower standard of living. Money and career decisions you and the younger people in your life make now and in the future will strongly influence how you and they will fare financially later on. True, there will be those who will not thrive financially – there always will be. But there are ways you can control the direction of your financial future to stack the odds of money success in your favor. My job with Ponderings is to help you and your family do just that. As you go forward, rather than focusing on what can go wrong in your financial life, be more optimistic. While the economy and the investment markets periodically go through rough patches, the good times far outweigh the bad.

     

Smart Money Tips

  • Quit playing the lottery.  States boast of how much money they raise on the lottery. This is hardly something to be proud of.  If you want to spend a couple of bucks a week, that’s fine, but there are a lot of people are sacrificing their future financial security on the slim hope that they’ll somehow win the lottery. They’re usually in front of me in the convenience store checkout line.  But ultimately you’re going to lose a lot of money which could have been put to much better use later in life.
  • Think before you subscribe. Don’t fall for the common practice of signing up for various memberships, like health clubs, software subscriptions, and publications for free or at a low initial cost only to find out that the provider keeps charging your credit card long after you have ceased using the membership or service. It’s better to sign up for a short period of time to see if you want to continue indefinitely. Also, check your credit card bills to make sure you’re not being charged for services you no longer use.

 

 

 

 

 Ponderings Archive

September 10-16

September 3-9

August 27-September 2

 

 

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