Buying

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LOS ANGELES — More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going.

Some 14.6% of U.S. homes listed for sale last month had their price lowered, according to Realtor.com. That’s up from 13.2% a year earlier, the first annual increase since May. In January, the percentage of homes on the market with price reductions was 14.7%.

The share of home listings that have had their price lowered is running slightly higher than the monthly average on data going back to January 2017.

That trend bodes well for prospective homebuyers navigating a housing market that remains unaffordable for many Americans. A chronically low supply of homes for sale has kept pushing home prices higher overall even as U.S. home sales slumped the past two years.

“Sellers are cutting prices, but it just means we’re seeing smaller price gains than we would otherwise have seen,” said Danielle Hale, chief economist at Realtor.com.

The pickup in the share of home listings with price cuts is a sign the housing market is shifting back toward a more balanced dynamic between buyers and sellers. Rock-bottom mortgage rates in the first two years of the pandemic armed homebuyers with more purchasing power, which fueled bidding wars, driving the median sale price for previously occupied U.S. homes 42% higher from 2019 through 2022.

“Essentially, the price reductions suggest far more normalcy in the housing market than we’ve seen over the last couple of years,” Hale said.

The share of properties that had their listing price lowered peaked in October 2018 at 21.7%. It got nearly as high as that — 21.5% — in October 2022.

Last year, the percentage of home listings that had their asking price lowered jumped to 18.9% in October, as the average rate on a 30-year mortgage surged to a 23-year high of 7.79%, according to Freddie Mac.

Mortgage rates eased in December amid expectations that inflation has cooled enough for the Federal Reserve begin cutting its key short term rate as soon as this spring. Those expectations were dampened following stronger-than-expected reports on inflation and the economy this year, which led to a rise in mortgage rates through most of February.

That’s put pressure on sellers to scale back their asking price to “meet buyers where they are,” Hale said.

That pressure could ease if, as many economists expect, mortgage rates decline this year.

Source: triblive.com

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Ben Affleck and Jennifer Lopez, aka Bennifer, have finally found their perfect love nest — one that’s modeled after a famous queen’s lavish chateau.

It may have taken them two years and three failed escrows but the wait paid off because this mansion is the ultimate luxury home for the power couple.

Many were confused over the stars’ indecision to commit to buying a property. With an unlimited budget at their disposal, it was a little out of the ordinary that these A-listers kept changing their minds.

According to reports, the two looked at mansions in the range of $35 to as high as $85 million in the most exclusive neighborhoods. But none of them quite passed the mark, leading people to believe that there was trouble in paradise. Or are they just really picky?

All doubts were cast aside when the lovebirds set their eyes on this mansion. They instantly fell in love with the property! They paid $61 million in cold cash and the deal took just one week to close, per TMZ. 

What’s not to love? This stunning mansion is inspired by one of the most iconic chateaus in history.

The mansion was modeled after Marie Antoinette’s chateau, Le Petit Trianon

Dubbed the Wallingford Estate, the Beverly Hills abode features French-style architecture that was originally modeled after Marie Antoinette’s private chateau, Le Petit Trianon.

Aerial view of Ben Affleck and Jennifer Lopez’s house in Beverly Hills, modeled after Le Petit Trianon. Photo credit: Youtube

The queen’s manor, located on the grounds of the Palace of Versailles, was a gift from her husband, King Louis XVI.

Known for her love for all things opulent, Marie Antoinette adored her private estate. It served as a place of refuge, where the queen staged operas, productions, and lavish parties.

See also: 24 celebrities who live in Beverly Hills & their million-dollar homes

The Wallingford’s exterior features stately columns, large windows, and a rectangular shape that echoes the iconic design of Le Petit Trianon.

While the interiors have been modernized with state-of-the-art technology and contemporary furniture, it still retains its French Neoclassic ambiance.

Ben and J.Lo’s house has 12 bedrooms and 24 bathrooms

Situated on a 5.2-acre lot, the megamansion boasts a total of 12 bedrooms and 24 bathrooms across an impressive 38,000 square feet of indoor living space — providing plenty of living space for Ben and Jen’s blended family.

You can take a closer look inside Ben Affleck and Jennifer Lopez’s new mansion here (swipe to see the revamped interiors):

The couple are co-parenting peacefully with their exes (Jennifer Gardner and Marc Anthony) and share five children between them.

There won’t be any shortage of space for their big family in this huge mansion!

Like its sprawling grounds, everything about this house is grand. The double-door entryway opens to an expansive living room with double-height ceilings and large skylights that make the space even more massive.

White walls with frame molding display sophistication, while large windows allow plenty of natural light to brighten up every corner of the open floor space.

JLo previously shared a glimpse of the mansion’s downstairs area on Instagram while celebrating the success of Mother with her friends. Walking from the stairs to the bar, fans got a view of the gorgeous interiors of the ground floor.

Another highlight of this property is its secured grounds — a top requirement among high-profile celebrities. The mansion is surrounded by tall hedges and comes fully fenced with secured entrance and exit gates from two different private streets.

This design layout safeguards the often-photographed couple from prying eyes and paparazzi. And we know all too well how much Ben Affleck ‘loves’ paparazzi, don’t we?

Recreational amenities include a 155-foot-long infinity pool, a home theater, spa areas, a full-service salon, and a sports complex complete with a basketball court, a pickleball court, a fully equipped gym, and a boxing ring.

Visitors can also enjoy a slice of luxury living in the 5,000-square-foot guest penthouse. This structure also houses the garage area, which is large enough to fit 90 cars!

It’s one of the most luxurious homes in all of Beverly Hills

Fitting for one of Hollywood’s most famous couples, Ben and Jennifer’s new house is one of the city’s most impressive mansions and was once one of L.A.’s priciest listings.

Ben Affleck and Jennifer Lopez’s house in Los Angeles, with the pool in front. The pool itself is said to be the biggest zero-edge pool in all of Beverly Hills. Photo credit: Youtube

Sitting mere minutes away from the Beverly Hills Hotel in the gated Wallingford Estates community. It had previously been owned by healthcare entrepreneur Jeoung Lee before real estate mogul Gala Asher picked it up for $22 million back in 2016.

What followed was an extensive renovation that brought the sprawling mansion into the 21st century. Asher then sought to capitalize on his big investments in the property by listing it for a whopping $135 million in 2018.

With no takers, a series of price adjustments followed, until the famous couple finally took it off the market in 2023. The final sale price was $60,850,000 — which amounts to $1,601/sqft.

The moral of Ben and Jen’s house-hunting saga? Patience pays off. By holding off on their purchase, they were able to find a perfect palace to call their home. A happily-ever-after ending for a Hollywood royal couple.

More stories

Where does Adele live? A look at the $58M ‘house that Rocky built’

See Lady Gaga’s house in Malibu, which she calls her ‘Gypsy Palace’

Are houses Blake Shelton’s love language?

Source: fancypantshomes.com

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Amidst a backdrop of inflation, rising borrowing costs, and growing debt levels, employee financial wellness has been on the decline in recent years. According to PwC’s 2023 Employee Financial Wellness Survey, a full 60% of full-time employees are stressed about their finances. Indeed, employees are even more concerned about their finances today than during the height of the pandemic.

Given that money worries can take a toll on employee health and well-being, as well as productivity at work, it makes sense that a growing number of employers are enhancing support for financial wellness. Bank of America’s 2023 Workplace Benefits Report found that 97% of employers now feel responsible for employee financial wellness (up from 95% in 2021, and from 41% in 2013).

Regardless of how well-compensated your staff may be, this type of resource can help workers feel more financially confident and prepared for the future. Here’s a look at 10 reasons why adding this benefit is so important.

1. Decreases Distractions and Increases Productivity

According to PwC’s Survey (which included 3,638 full-time employed adults across a variety of industries), financially stressed employees tend to be more distracted and less engaged while at work. The study found that financial stress and money worries had a negative impact on the respondents’ sleep, mental health, self-esteem, physical health, and personal relationships. Nearly one-third of employees surveyed admitted that financial insecurity has negatively impacted their productivity at work.

When employees are able to easily get answers to their financial questions and access on-site support when dealing with money problems, there’s a good chance they’ll be less stressed about their finances and more able to focus on their jobs. That’s a win for both employees and employers.

2. Improves Employee Physical Health

Financial stressors have been found to correlate directly with not only mental health challenges but also with poor physical well-being. As the American Psychological Association points out in their Stress in America 2023 report, stress and anxiety put the body on high alert and ongoing stress can accumulate, causing inflammation, wearing on the immune system, and increasing the risk of a number of different ailments, including digestive issues, heart disease, weight gain, and stroke.

Providing your employees with the support they need now can go a long way toward staving off physical health challenges down the line.

3. Builds Loyalty

By offering financial wellness programs, employers demonstrate a commitment to their employees’ well-being, which can help foster employee loyalty and increase retention rates.

The PwC study found that just 54% of financially stressed employees felt there was a promising future for them at their employer, and they were twice as likely to be looking for a new job than employees who were less stressed about their personal finances. What’s more, 73% of financially stressed employees said they would be attracted to another employer that cares more about their financial well-being compared to just 54% of non-financially stressed employees.

Recommended: 3 Ways to Support Your Employees During Times of Uncertainty

4. Can Help Reduce the Burden of Student Debt

Employees struggling to pay down student debt often have difficulty contributing to 401(k) plans and achieving other financial goals, such as buying a house or car. By offering student loan repayment benefits and education, employers can reduce this burden and help employees plan for the future.

The good news is that these programs recently became more affordable. Under the Coronavirus Aid, Relief and Economic Security (CARES) Act, employers can now provide $5,250 tax-exempt annually for an employee’s student loan repayment through 2025. That means employees won’t pay income tax on contributions made by their employers toward educational assistance programs, yet the employer also gets a payroll tax exclusion on these funds.

A growing number of employers are offering some form of loan repayment support. In 2021, only 17% of companies offered any of these benefits. In October 2023, 34% of employers offered student loan benefits.

Recommended: How Student Loan Benefits Can Help Retain Employees

5. Employees Want It

According to the PwC study, the vast majority of employees want help with their finances. Not only that, the stigma around getting help with finances appears to be lifting. In 2023, employees overall were less likely to be embarrassed to ask for guidance or advice about their finances than they’ve been in the past: Just 33% said they find it embarrassing, compared to 42% in PwC’s 2019 survey.

In Bank of America’s Workplace Benefits Report (which surveyed more than 1,300 employees and nearly 800 employers), 76% of employees said they felt that employers are responsible for their financial wellness.

6. Can Help Parents Save for Future College Expenses

In a June 2023 survey of 1,000 parents of teenagers by Discover Student Loans, 70% of subjects said they were worried about financing their kids’ college expenses. In addition, 68% of parents were concerned about the amount of debt their kids will be saddled with even after the parents offer up their own financial assistance.

Providing employees with much-needed information about 529 college savings plans and giving them a convenient way to contribute directly from their pay, can go a long way in helping to relieve the stress associated with one of their top financial concerns.

While in the past, the options for using unspent 529 funds were limited (and often meant facing tax and penalty consequences), the SECURE 2.0 Act allows savers to roll unused 529 funds — to a lifetime limit of $35,000 — into the beneficiary’s Roth IRA, without incurring the usual 10% penalty for nonqualified withdrawals or generating any taxable income. The new rule went into effect January 1, 2024 and might come as a relief to any employees who worry about having excess funds stuck in a 529 should their child end up not needing the money.

Recommended: The Importance of Offering 529 Plan Contributions in an Employee Benefits Package

7. Helps to Clarify Confusing Financial Topics

Many young professionals want to buy their first home, but they don’t know how to save for a down payment or secure a mortgage. New to the workforce, they also struggle to understand financial topics they weren’t taught in school, such as income tax deductions (especially as they get married and have children), the necessity of life insurance, and wealth management and investing.

At the same time, older employees might feel overwhelmed by the financial options available to them. With educational resources and access to experts through a financial wellness program, employees can find the information they need from vetted and trusted sources. In PwC’s survey, 68% of employees said they use their employer’s financial wellness services such as coaching, workshops or online tools.

8. Protects Employees

Sometimes healthcare benefits just aren’t enough. In the event of a health emergency, employees need to be prepared for insurance deductibles and other unexpected costs. Solid financial preparations can prevent them from dipping into savings or making hardship withdrawals from 401(k) plans. Those withdrawals can not only damage their prospects for long-term financial stability, but also create administrative headaches for HR.

Providing an automated emergency savings program is fast becoming a way for employers to help provide a foundation for financial well-being for workers. These plans allow employees to make paycheck contributions to a dedicated account (possibly with a company match), and can help make your workforce more financially resilient in the face of life’s “What Ifs.”

Recommended: How Much Should Your Employees Have in Emergency Savings?

9. Enhances Your Organization’s DEI Efforts

These days, many employers of all sizes have a diversity, equity and inclusion (DEI) strategy or program in place to increase inclusion in the workplace. Offering financial wellness benefits to employees is yet another way to foster a more equitable company culture.

The reason is that financial wellness benefits can help level the playing field by helping to empower minorities and underrepresented groups, who may have more financial stress and encounter more barriers to economic opportunities. Giving all employee populations access to programs that can help them buy their first homes, pay down student debt, save for emergencies, and invest for the future allows them to build wealth for generations to come.

Recommended: How to Support Your Low-Wage Workforce

10. Helps Employees Plan for Retirement

Employer-sponsored retirement plans can help to ease the financial stress that stems from retirement planning. In addition to offering a retirement plan, you might also provide education programs on planning for retirement, understanding different types of accounts available, and best places to get started based on age and goals.

In addition, you might consider instituting a 401(k) match for their student loan payments. Thanks to a provision in Secure Act 2.0 (that went into effect at the start of 2024), companies can match employees’ qualified student loan payments with contributions to their retirement accounts, including 401(k)s, 403(b)s, SIMPLE IRAs, and government 457(b) plans. With this benefit, employees won’t need to make the decision regarding whether to contribute to their 401(k)s or make student loan payments.

Recommended: How Does an HR Team Implement a Student Loan Matching or Direct Repayment Benefit?

The Takeaway

Financial stress is a major concern for today’s employees, and something a growing number of workers want their employers to help with. Providing support for financial wellness can help boost employee engagement and retention, stave off mental and physical health concerns, help your company recruit top talent, and even lead to a more inclusive and equitable workplace.

SoFi at Work can help. We provide the benefit platforms and education resources that can enhance financial wellness throughout your workforce.

Photo credit: iStock/Inside Creative House


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National mortgage rates fell on all loan terms compared to a week ago, according to rate data collected by Bankrate. Rates for 30-year fixed, 15-year fixed, 5/1 ARMs and jumbo loans all receded.

While it’s expected that rates will gradually come down this year, there may be some fluctuations.

At its Jan. 31 meeting, the Federal Reserve announced it would hold off changing rates, but could cut rates in the future. At their March 20th meeting, the Fed will update their outlook on rates. Rate fluctuations affect many areas of the economy, including the 10-year Treasury, a key benchmark for fixed-rate mortgages.

“Where the 10-Year Treasury yield goes, mortgage rates will follow,” says Ken Johnson of Florida Atlantic University. “In roughly the last two months, the 10-year Treasury yield is up 50 basis points. Depending on the source, the 30-year mortgage rate is up 48 basis points. Treasurys’ path remains a coin toss at this point.”

Rates last updated March 13, 2024.

The rates listed here are averages based on the assumptions shown here. Actual rates displayed within the site may vary. This story has been reviewed by Suzanne De Vita. All rate data accurate as of Wednesday, March 13th, 2024 at 7:30 a.m.

30-year mortgage rate retreats, -0.21%

Today’s average 30-year fixed-mortgage rate is 6.90 percent, a decrease of 21 basis points from a week ago. A month ago, the average rate on a 30-year fixed mortgage was higher, at 7.30 percent.

At the current average rate, you’ll pay $658.60 per month in principal and interest for every $100,000 you borrow. That represents a decline of $14.11 over what it would have been last week.

Most mortgage lenders defer to the 30-year, fixed-rate mortgage as the go-to for most borrowers because it allows the borrower to disperse payments out over 30 years, keeping their monthly payment lower.

15-year mortgage rate moves lower, -0.16%

The average rate for a 15-year fixed mortgage is 6.49 percent, down 16 basis points over the last week.

Monthly payments on a 15-year fixed mortgage at that rate will cost roughly $871 per $100,000 borrowed. That may put more pressure on your monthly budget than a 30-year mortgage would, but it comes with some big advantages: You’ll come out several thousand dollars ahead over the life of the loan in total interest paid and build equity much more rapidly.

5/1 ARM dips, -0.23%

The average rate on a 5/1 adjustable rate mortgage is 6.46 percent, ticking down 23 basis points since the same time last week.

Adjustable-rate mortgages, or ARMs, are mortgage loans that come with a floating interest rate. In other words, the interest rate will change at regular intervals, unlike fixed-rate mortgages. These loan types are best for people who expect to refinance or sell before the first or second adjustment. Rates could be substantially higher when the loan first adjusts, and thereafter.

While borrowers shunned ARMs during the pandemic days of super-low rates, this type of loan has made a comeback as mortgage rates have risen.

Monthly payments on a 5/1 ARM at 6.46 percent would cost about $629 for each $100,000 borrowed over the initial five years, but could increase by hundreds of dollars afterward, depending on the loan’s terms.

Jumbo mortgage moves lower, -0.17%

The average jumbo mortgage rate is 7.04 percent, down 17 basis points since the same time last week. This time a month ago, the average rate for jumbo mortgages was higher at 7.37 percent.

At the current average rate, you’ll pay $667.99 per month in principal and interest for every $100,000 you borrow. Compared with last week, that’s $11.48 lower.

Refinance rates

30-year fixed-rate refinance eases, -0.21%

The average 30-year fixed-refinance rate is 6.84 percent, down 21 basis points over the last seven days. A month ago, the average rate on a 30-year fixed refinance was higher at 7.31 percent.

At the current average rate, you’ll pay $654.59 per month in principal and interest for every $100,000 you borrow. Compared with last week, that’s $14.07 lower.

Where are mortgage rates going?

With inflation still above the Fed’s 2 percent goal and the job market holding strong, the Fed isn’t likely to cut rates at its March meeting.

“The Federal Reserve will not cut interest rates in the first half of this year, in my view,” says Lawrence Yun, chief economist of the National Association of Realtors, “but rate cuts of three, four or even five rounds will be possible in the second half of the year as rent measures will be much more well-behaved.”

The rates on 30-year mortgages mostly follow the 10-year Treasury, which shifts continuously as economic conditions dictate, while the cost of variable-rate home loans mirror the Fed’s moves.

These broader factors influence overall rate movement. As a borrower, you could be quoted a higher or lower rate compared to the trend.

What today’s rates mean for your mortgage

While mortgage rates change daily, it’s unlikely we’ll see rates back at 3 percent anytime soon. If you’re shopping for a mortgage now, it might be wise to lock your rate when you find an affordable loan. If your house-hunt is taking longer than anticipated, revisit your budget so you’ll know exactly how much house you can afford at prevailing market rates.

Keep in mind: You could save thousands over the life of your mortgage by getting at least three loan offers, according to Freddie Mac research. You don’t have to stick with your bank or credit union, either. There are many types of mortgage lenders, including online-only and local, smaller shops.

“All too often, some [homebuyers] take the path of least resistance when seeking a mortgage, in part because the process of buying a home can be stressful, complicated and time-consuming,” says Mark Hamrick, senior economic analyst for Bankrate. “But when we’re talking about the potential of saving a lot of money, seeking the best deal on a mortgage has an excellent return on investment. Why leave that money on the table when all it takes is a bit more effort to shop around for the best rate, or lowest cost, on a mortgage?”

More on current mortgage rates

Methodology

Bankrate displays two sets of rate averages that are produced from two surveys we conduct: one daily (“overnight averages”) and the other weekly (“Bankrate Monitor averages”).

The rates on this page represent our overnight averages. For these averages, APRs and rates are based on no existing relationship or automatic payments.

Learn more about Bankrate’s rate averages, editorial guidelines and how we make money.

Source: bankrate.com

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A lot has been written about whether now is the best time to buy stocks.

Many think that it is a good idea, and others are still skeptical. So which one should you believe?

This article will help answer the question once and for all with facts rather than opinions.

But first, let’s look at some statistics:

  • S&P 500 Total Returns for 2021 was 28.71% (source)
  • In the past 20 years (2003-2021), the S&P 500 was down three times. (source)
  • Over the 10 year period of 2011-2020, the S&P 500 averaged 13.9% (source)

With that said, will it be best to invest now?

Honestly, that is an answer no one can give you. And the movies about Wall Street won’t help you either.

However, you can learn to read charts become a technical analysis trader, and have a better idea of where the market is going.

The stock market is a volatile thing. It can go up or down at any time. As the statistics show, it goes up more often than down.

Is it Smart to Invest in Stocks?

The stock market is a great way to make money whether for income or for long-term investments. Plus it is a lot more accessible than you think.

With stocks on an upswing lately, it might be tempting to dive in. But do not get too excited just yet!

You must learn how to invest in stocks.

Are you ready to make money in the stock market? If so, learn the steps to start investing today.

In order to make educated decisions, it is crucial that you understand what makes stocks go up or down.

Since you might be asking yourself whether it is a good time to buy stocks after the market has been on such an upswing for several months. The answer is yes, but there are some important factors you should consider before handing over your money.

This article will discuss how the stock market works and provide you with reasons why now may not be a great time to invest in stocks as well as alternatives that could make sense for you if this is indeed a bad time to purchase them.

Read more!

What is the Stock Market?

The stock market is a system of securities, such as stocks and bonds, in which investors buy and sell ownership stakes to each other on various exchanges using money or their own businesses.

Simply put, the stock market is a place where people invest money.

There are many different ways to invest in the stock market, but one of the most popular ways is through buying stocks.

Investing in stocks is a commonly used way to make money.

In the stock market, people can buy and sell shares of companies they believe will rise in value. You can participate by investing in the stock market by buying individual shares of a company like AMZN (Amazon), investing in an ETF like VTI, or investing with a mutual fund, such as VTSAX.

One former assistant principal, Teri Ijeoma, changed her life when she left her job as an educator and become an active trader.

What does it mean when the stock market is up or down

When the stock market is up, it means that stocks have been doing well.

Conversely, when the stock market is down, it means that stocks are losing value.

You have heard the saying… buy low, sell high.

Stocks are an investment that you can purchase in order to make a profit, but the best time to buy stocks is when they are at their lowest price.

If you bought a stock for $100 and its value increased by 10%, then your stock would be worth $110. However, if you bought 20 stocks at $100 and the value increased by 10%, then your new value is $2,200. If you are trading options, then your return (and risk) is much greater.

When the market is up or down there are always going to be opportunities to make money from the stock market!

The hardest part for the novice investor is to determine when to buy and sell.

Thankfully, there is a great investing course to help you figure out how to invest in stocks and options.

Timing the Stock Market

Can you even time the stock market?

Many people are concerned with timing the stock market because of its volatility. Honestly, no one knows what the stock market will do.

As a technical stock trader, you will learn based on previous actions how the market and individual stocks may react.

When day traders or swing traders “time” the market, they are using time frames to make their predictions. Those traders who manage their risk and potential losses well will do better in the market.

For the average investor or someone going off a friend or Reddit recommendation, timing the market can be detrimental to your portfolio.

The real answer to the question, “Is now a good time to buy stocks?” is that there’s no such thing as an ideal moment. It could be a great time or it could also be terrible timing. There are too many variables and market risks which makes this decision very difficult for investors.

Too many times, investors fall into the trap of panic selling while stock prices are low and buying when stocks are high on the fear of missing out (FOMO).

That is why the common knowledge states don’t time the market.

However, I can tell you that you can time the market. If (and it is a big if) you are willing to put the time and effort into an investing education as you would going to college.

Many people have found success in timing the market.

Why investing is always a good idea

Remember earlier in this post, we stated the stock market has averaged 13.9% over the past 10 years and only had 3 negative years in the past twenty.

Simply put, that means you can make money, and investing is a good idea.

That is better than the flip side of your money sitting in the back earning slightly above 0% and when you account for inflation, your money is worthless.

The stock market is (almost) always following an upwards trajectory.

This means investors are more likely to experience gains in their investments than they would if the prices were going down. Moreover, it’s almost never a good idea to just let your money sit doing nothing for years on end because inflation will eventually force you into losing value at some point.

Instead of waiting until then and hoping for the best, focus on what you want instead of what the market is doing at any specific moment.

Must Read: How To Invest In Stocks For Beginners: Investing Made Easy

Is now a good time to invest?

This is the wrong question. The better question to ask would be “What is a good time to invest?”

It is not always a good time to invest. Before buying stocks, it is important that you do your research and have a clear purpose for investing in the first place. Once you know why you are investing, then it will be easier to answer when now might actually be a good time.

What are your goals for investing in stocks?

  • Are you looking to make extra money?
  • Do you enjoy learning about the fundamentals of your favorite companies?
  • Do you have the time to invest to learn about investing in stocks and executing trades?
  • The desire to increase your investment accounts and net worth appealing?

If you answered yes, then you are ready to start investing in stocks.

If you said no, then stick to consistently investing in EFTs or mutual funds. That is still a solid investing strategy!

The bottom line is whether you are ready to invest. The stock market will continue to do its thing whether you choose to participate or not.

Why does the stock market just keep going up?

The stock market has been steadily climbing for the long trend.

As a result, it’s important to be aware of the factors that influence how much you can profit from stocks. This includes understanding what drives stock prices and when these markets are likely to go up or down.

The reality is that there is no such thing as an “always” in investing — there will always be downturns at some point for any market, but those dips won’t last forever either.

As history proves, the stock market over time will keep going up.

Why has the stock market dropped?

This is the #1 reason why most people are terrified of investing in the stock market.

The fear of the stock market dropping and losing money. Or maybe they were burned in the previous market corrections in 2001 or 2008.

Typically, the stock market has dropped because of the following:

  • The global economy is going through a rough patch.
  • There is fear that the US may be headed for another recession.
  • The US is experiencing inflation that has caused the Federal Reserve to raise interest rates.

In other words, investors are uncertain about the future of the global economy and are afraid of a recession in the US, which will have a significant impact on the stock market.

Just remember, the S&P 500 has come back each time after posting a year or two of negative returns.

However, you can still make money as an investor when the market goes down! Learn how to ride that elevator up and down.

What are the best times to trade stocks?

Ask a few different investment gurus and you are likely to get a variety of answers such as:

  • It is best to trade stocks when the market is down and on a day with low volume. This way, you are less likely to be hit with volatility that could cause your profits to drop.
  • The best times to trade stocks are when the market is stable, meaning that there are few fluctuations in price. The most optimal time to enter and exit the market is during a period of low volatility.
  • The best time to trade stocks is when the market is at an all-time high. (very wrong idea, so don’t try this one)
  • Traders should try and stay away from markets when volatility or uncertainty is high.

It is important to understand the best times for trading stocks in order to maximize profits.

Overall, your trading plan will tell you the best time for you to trade stocks. Over time with practice in a simulated account, you will be aware of the best times for trading.

Your best times will be different than mine; they will vary for all of us and that is okay. We all view the stock market and read charts in our own way.

Best Stocks to Buy Right Now

What are the stocks to invest in right now? Should you buy stocks now?

Well, first of all, I am not an advisor telling you what to invest in. You are responsible for doing your due diligence.

The best stocks to buy are the stocks that you understand the best – YOUR Watchlist!

Typically, that means following 10 stock tickers and learning everything you can about how those stocks move.

Other investing gurus may tell you the best stock to buy is one that has a low price-to-earnings ratio. This is because the company has room for growth, and they are more than likely not overvalued in the market. They look for industries that are experiencing either a slowdown or an increase in competition.

Personally, I like to stick with strong, healthy companies to buy.

Many times the best stocks to buy right now are growth stocks, which have been very successful in 2021. These types of companies grow rapidly and offer significant returns on investment in a short period time frame.

What are the best stocks to buy now or put on a watchlist? These are the most popular stocks investors tend to follow:

  • Apple (Nasdaq: AAPL)
  • Advanced Microdevices (Nasdaq: AMD)
  • Amazon (Nasdaq: AMZN)
  • Meta / Facebook (Nasdaq: FB)
  • Nvidia (Nasdaq: NVDA)
  • Tesla (Nasdaq: TSLA)
  • More Best Stocks to Buy

When you invest in these stocks as an investor, it is important that you look for them during their good moments so that your investments will increase significantly over time and always have risk management strategies in place (BEFORE YOU ENTER THE TRADE).

Can You Afford to Buy Stocks?

There are a lot of factors that go into determining the best time for someone to begin investing or trading stocks.

The most important aspect is whether or not you have enough money at your disposal, which can be determined by your personal financial situation.

Other factors that may play a role in determining the best time to trade are whether or not the person trading has a specific investment objective, and if they have a time-sensitive need.

You need to know your long-term goals for buying stocks.

Are you buying stocks as a long-term investor or if you are buying stocks for income?

Either way, you need a solid idea of how to plan to manage your risk and maximize your profit. That is why investing in stocks is so enticing for so many traders.

Read Now: How Fast Can You Make Money in Stocks?

So, should you buy stocks now?

The current market conditions are a great time to buy or short-sell stocks.

However, there are many trading mistakes when investors place a trade.

Whether we are experiencing a bull run or heading into a bear market, there is always money to be made in the stock market. You should not question yourself is it time to buy stocks.

Regardless, you must invest the money in a solid investing education. That is non-negotiable.

If you want to go out and start buying stocks without investing knowledge, that is fine. Just do not complain if you lose more money than the only investing course I recommend. Check out my Trade and Travel review.

You must do your own due diligence when investing in stocks and finding a good time to buy stocks.

This is your investing journey!

Your journey will be different than my investing journey. That is okay because we each will find our niche and how we like to trade stocks.

Back to the original question, is now a good time to buy stocks?

Overall, you must look for the best companies to invest in. That will make you successful at investing.

Know someone else that needs this, too? Then, please share!!

Did the post resonate with you?

More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!

Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.

Source: moneybliss.org

Apache is functioning normally

Wondering how to stay at hotels for free? I have stayed in many hotel rooms for free over the years by using many of these same strategies below. Finding ways to get free hotel stays is a great way to travel on a budget or simply just save money on hotels. This can allow you…

Wondering how to stay at hotels for free? I have stayed in many hotel rooms for free over the years by using many of these same strategies below.

Finding ways to get free hotel stays is a great way to travel on a budget or simply just save money on hotels. This can allow you to go on more vacations and use your money for other things in life.

Whether it’s a fancy resort or a specific hotel brand, the trick is to know where to find these opportunities and make the most of them.

Key Takeaways

  • Loyalty programs are a direct path to earning free hotel stays. This is because they tend to give a free night after a certain number of paid stays. You accumulate points for each stay that you can redeem for free nights.
  • Credit card points can be used for free hotel stays. Many credit cards partner with hotel brands to give sign-up bonuses. By meeting the minimum spending requirements, you can earn points for free hotel stays. These points can be substantial, so choose a card aligned with your preferred hotel chain.
  • Earning gift cards from rewards platforms can be a way to make money to put toward free hotel stays.

Best Ways To Get Free Hotel Stays

Below are ways to get free hotel stays.

Take surveys for free hotel stays

You can get free gift cards by answering paid online surveys, and you can use these gift cards to help you get a free hotel stay.

So, this would work like this – you could get free gift cards to places like Hotels.com, Marriott Hotels, Holiday Inn, or even a Visa gift card (that you can use anywhere) as a reward for answering online surveys. You then collect gift cards until you reach the amount that you need to book the hotel that you want.

To get started, you’ll want to find a survey site that you trust. Some of my favorites are:

I recommend signing up for all of them so that you can get the most surveys possible to answer, which will then pay you with more gift cards.

There are also other apps that you can use as well to get free gift cards, such as Fetch Rewards and Ibotta.

I get free gift cards all the time, and recently, I logged into several of the accounts that I am signed up for and turned in my points. This led to me getting $275 in free gift cards. I personally like to wait until I have a lot of gift cards that I can redeem all at once.

Now, this would take a decent amount of time. You won’t get a free hotel stay in one day. But if you keep doing surveys, your gift cards will add up.

Recommended reading: 16 Real Ways To Earn Free Gift Cards (Amazon, Target, Visa)

How to get free hotel stays as an influencer or blogger

As a blogger and social media influencer, I have received many hotel stays for free over the years. From luxury hotels and all-inclusive resorts in the Caribbean to RV campgrounds and more, I have partnered with many different types of accommodations over the years.

And, I know of many other people who have received free hotel rooms through this as well.

Getting free hotel stays as an influencer means partnering with hotels and showing them why you’re valuable to their brand.

This may include sharing your hotel stay on your blog, Facebook, Instagram, Twitter, YouTube, TikTok, or somewhere else that you have followers and readers.

Here’s a quick guide on how to stay at hotels for free as a social media influencer or blogger:

  • Assess what you can offer. Hotels are looking for exposure and new customers, so your reach and engagement rates are important. How many people will see what you share about their hotel?
  • Customize your content to align with the hotel’s image and key messages.
  • Contact hotels professionally, usually through their marketing or PR department, and highlight how your content will benefit their visibility and attract potential customers. This is typically done through email.
  • Be clear about expectations – what you will provide and what you expect in return. Set deliverables, such as a number of posts, stories, or a video.

You can learn how to start a blog by taking my free How To Start A Blog Course. You can join over 80,000 people who have already taken the course. In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.

Travel credit card rewards

If you want to learn how to stay at hotels for free, this is one of the top ways.

I have earned several free hotel stays over the years by using the rewards points I have earned from my credit cards toward my hotel room. I’ve been using rewards credit cards for years, and they are pretty much all that I use now. It helps me save money on travel, earn cash back, and more. 

A rewards credit card lets you earn points, miles, or cash back that you can use for almost free travel. These cards usually give you points that you can use for things like airline miles, booking hotels, gift cards, or cash back. You earn these rewards just by using your credit card for everyday purchases like groceries, gas, and shopping. But remember, it’s important to pay off your full balance each month to make sure the rewards are worth it and avoid paying extra for interest charges.

Here’s a quick summary to help you understand how rewards credit cards work:

  1. Choose a credit card with rewards that interest you, like points, cash back, or travel rewards.
  2. The card may require you to spend a certain amount, for example, $3,000 in the first 90 days, to get a sign-up bonus. Some don’t have any minimum requirement, and you can simply earn points for your purchases.
  3. Use these points for rewards like cash back, hotel stays, airfare, or other options.

You can learn more about my favorite cards at Best Rewards Credit Cards, such as the Chase Sapphire Preferred Card (Chase Ultimate Rewards Points are the best!), Chase Sapphire Reserve, Marriott Bonvoy Boundless, Hilton Honors American Express Surpass Card, and others.

I also recommend reading How To Take A 10 Day Trip To Hawaii For $22.40 – Flights & Accommodations Included.

Note: Credit card rewards and even the best travel credit cards are not worth it if you go into debt. Remember to pay off your monthly bill in time (and the full amount) before interest charges accrue. Also, many of the good rewards credit cards have an annual fee each year on your card anniversary, so take that into account as well. So, you should always be careful!

Sign up for hotel loyalty programs

Hotel rewards programs are your way to get free stays and room upgrades. When you join these programs, you can earn points for a free night’s stay, and as you climb the levels, you can get additional benefits such as getting your resort fees waived.

Programs like Marriott Hotels, IHG Rewards Club, and Hilton Honors are free to join and sometimes give you a free night after a certain number of stays or points earned.

Some examples of hotel rewards programs include:

  • Marriott Bonvoy – Combines former Marriott Rewards, Ritz-Carlton Rewards, and Starwood Preferred Guest programs.
  • IHG Rewards Club – Allows you to earn points for stays which can be used for free nights.
  • Hilton Honors – Provides exclusive member deals and guarantees the lowest rates when booking directly.

Many travel booking sites also have rewards programs, such as Expedia even. These programs give valuable benefits like this to get you to book through them as much as possible so that they can make more money.

You can earn points in several ways beyond just booking hotel rooms:

  • Stay at hotels – Every night you stay earns you more points, with the amount varying by hotel and the rate you book.
  • Promotions – Look out for and register for periodic promotions that have bonus points.
  • Partnerships – Earn points through partners, for instance, by booking car rentals or flights with associated airlines.

Your accumulated points can be redeemed for free hotel nights, among other rewards. The number of points needed for a free night certificate varies by hotel brand, location, and the room’s price.

Find mystery shopping jobs at hotels

Mystery shop companies sometimes need secret shoppers to evaluate a hotel for them. I have seen these types of jobs pop up several times, and I have personally done a few as well.

These are typically just one or two-night stays in your local area, but it can make for a fun and free staycation.

This can be a great way to vacation on a budget.

Become a travel agent if you’re traveling with a group

If you often travel with groups, becoming a travel agent can be a smart choice. As a travel agent, you get industry discounts and may earn commissions on your bookings. To become one, you need accreditation, usually from a trusted program that teaches you important industry knowledge.

Here’s how you can benefit:

  • Access to discounts – As a travel agent, you can unlock special rates not available to the public. When traveling with a group, this can translate into significant savings.
  • Earn commissions – Booking for multiple people means the potential for earning commissions from hotels increases. This can sometimes offset the cost of your own accommodation.

Though this role comes with perks, it also means handling travel details professionally and responsibly for others. It’s not just about getting free stays; it’s also about making sure that your group has great travel experiences.

Work at a hotel

Working at a hotel can be a way to get free accommodation. As an employee, you can usually get discounts or even stay for free, depending on your job and the hotel’s policy.

This may include jobs such as working the front desk, being in management, and more.

Policies vary, so it’s important to know what’s available to you and to ask about the hotel’s policy on employee stays. For example, some hotels have a set number of free nights as part of the employment package. Plus, discounts on rooms can sometimes extend to family and friends.

Attend a timeshare presentation

Going to a timeshare presentation can lead to complimentary hotel stays.

These can sometimes be brutal, though, so if you think that you may end up buying a timeshare that you don’t need – then DO NOT DO THIS! Timeshares can be quite expensive and they are lifelong with annual costs.

But, if you think you can withstand the temptation, plenty of people sign up for these in order to get a free hotel stay all the time.

Here’s how this works:

  • Usually, your attendance at a 90-minute to 2-hour sales pitch is required.
  • Be prepared for high-pressure sales tactics, but remember you’re under no obligation to buy.
  • Incentives can range from free hotel stays, discounted travel, or even gift cards.
  • Make sure you understand the terms and conditions attached to the free stay.
  • If interested, consider the timeshare offer carefully. If not, politely decline and redeem your free stay or other perks.

Hotel promotions and deals

You can stretch your travel budget by taking advantage of different hotel promotions and deals to get the best room rates. Whether you travel often or are planning a one-time trip, there are several strategies you can use to get free hotel stays.

When you sign up for newsletters from your favorite hotel chains, you’ll receive emails on new promotions and deals (such as for seasonal sales on room rates) directly to your inbox. Some hotels might even offer a reward night, room upgrades, or welcome points just for joining at check-in.

Scan your grocery receipts for free hotel gift cards

Using grocery receipt scanning apps can be an easy way to earn free hotel stay rewards.

As you do your regular grocery shopping at grocery stores, these apps turn your grocery receipts into points, which can be exchanged for gift cards that can be used at different hotels.

Here’s how you can get started:

  1. Download receipt scanning apps – Look for apps like Fetch Rewards (this is my favorite and the one that I use for every single one of my grocery receipts) that are known to offer hotel gift cards as a redemption option.
  2. Scan your receipts – Every time you shop, take a second to scan your receipts using the app.
  3. Earn points – Get points with every scanned receipt.
  4. Redeem for hotel gift cards – Once you’ve earned enough points, browse the app’s reward section for hotel gift card options. Select your preferred hotel chain and redeem your points. With Fetch Rewards, you can get gift cards to places such as Airbnb, Hotels.com, Visa, and more.

While it will take some time to earn enough points, it can be a way to save some money on a hotel reservation.

Frequently Asked Questions

Below are answers to common questions about how to stay at hotels for free.

Is it possible to get a free night at a hotel?

Yes, you may be able to get a free night at a hotel through loyalty programs, which reward you with points for free night awards that can be redeemed for free nights. Additionally, some programs may give a free night after a certain number of paid stays or as a sign-up bonus.

How to get a hotel room for free?

You may get a free hotel room through loyalty programs, credit card rewards, by earning free hotel gift cards, and more.

How can I earn free hotel stays through surveys?

You can earn points by joining market research and filling out surveys on specific websites. These points might be traded for hotel rewards points, allowing you to book hotel stays for free.

Are there contests or sweepstakes that offer chances to win a stay at a hotel?

Yes, contests and sweepstakes run by hotels, travel bloggers, or travel websites tend to have hotel stays as prizes. You can start by possibly searching related hashtags on social media, such as #giveaway.

How can I travel luxury for free?

Traveling in luxury for free can be done by maximizing credit card sign-up bonuses and rewards, leveraging elite status with hotel loyalty programs for upgrades, and possibly collaborating with luxury hotels as an influencer if you have a strong online following.

How to get a free hotel room by complaining?

If you honestly had a bad stay at a hotel, you may be able to talk to management. Sometimes, they will give you a free hotel stay to make up for the bad review. But, you should never lie about a stay just to get a free room, as you can cost someone their job.

How To Stay at Hotels for Free – Summary

I hope you enjoyed this article on how to stay at hotels for free.

There are many ways to get free hotel stays, as you learned above.

Joining hotel loyalty programs at major hotel chains is a simple way to get free night rewards. These programs give you points for staying often, and you can use these points for free hotel nights.

Travel credit cards and hotel credit cards also give rewards that can be used for hotel stays.

If you’re an influencer or booking for a group, this may result in you getting a hotel stay for free. Other ways, like joining hotel promotions, being a mystery shopper, or attending timeshare presentations, can also get you free or cheaper stays at different places.

I have personally done many of the ways listed above to get free hotel stays at places in many states and countries. The stays have been great and have allowed me to save so much money over the years!

Have you ever stayed at a hotel for free?

Recommended reading:

Source: makingsenseofcents.com

Apache is functioning normally

Solar batteries store solar energy for use at another time. Manufactured by companies including Panasonic, LG, Generac and Tesla, a solar battery typically costs $12,000 to $22,000. Solar batteries may be a good choice if you’re looking to use less grid electricity or go off-grid completely

.

Solar battery pros and cons

Lower energy bills.

Expensive to purchase and replace.

Environmental benefits — reduced need for fossil fuel generated power/lower carbon footprint.

Limited energy storage capacity.

Long life span options. Many can last up to 20 years or longer.

Safety concerns if improperly installed, ventilated or maintained. Some types can overheat and catch fire.

Possible federal and state tax incentives.

Regular maintenance required on some types.

Provides backup energy in the event of a blackout, regardless of weather.

Some types can be bulky and take up a lot of space.

Can avoid high peak-use-hours charges.

Requires proper disposal.

Increased energy efficiency.

Some types, such as nickel-cadmium, may contain materials that are harmful to the environment.

Less dependency on the grid.

Renters don’t qualify for federal tax incentives.

Can operate in tandem with a grid-tie system.

Some require special equipment for installation.

Quiet power, unlike generators.

Some may emit harmful gasses.

Can also be used for microgrids and portable power units.

Not all battery types are readily available for residential systems.

How do solar batteries work?

When you pair your solar energy system with a solar battery, the surplus energy your system generates goes straight to the battery, where it’s stored for later use (as opposed to that surplus automatically being returned to the grid)

State of South Carolina Energy Office. Battery Back-up. Accessed Mar 11, 2024.

.The energy stored in your battery bank can then be used later when you need it most, such as during a power blackout. Here’s how it works:

  • Solar panels use photons from the sun to knock electrons away from atoms and generate an electrical flow.

  • The excess electricity generated by the solar panels is stored as direct current (DC) energy in the solar battery.

  • An inverter converts the DC energy to alternating current (AC) energy for home use — either as needed, if you have a DC-coupled conversion system — or immediately for instant use if you have an AC-coupled conversion system. Excess power in this type of system can be converted back to DC to charge the battery.

A solar system with a solar battery may include these basic components:

  • Ground or roof-mounted solar panels.

  • Battery bank.

  • Inverter that converts DC energy into AC energy for home use.

  • Junction box to connect solar panel wiring to the home breaker panel.

  • Charge controller to prevent battery overheating.

  • Utility meter for the battery bank.

  • Disconnect switch to prevent islanding (continuing to generate electricity and push it onto the grid) during blackouts. This protects electrical workers trying to restore power.

If your solar system is connected to the grid, you’ll also have an interconnection agreement with your utility provider.

Types of solar batteries

Here are some of the main types of batteries commonly used in solar systems.

Lead acid batteries

These reliable staples are the oldest type of solar batteries, and they are often used for off-grid applications. They’re the most affordable solar battery option, but they have a low energy density, meaning they can’t hold a lot of energy for their weight. Compared to other options, they’re large and heavy.

Pros

  • Dependable, time-tested technology.

  • Easy to recycle.

  • Lower priced than other types of solar batteries.

  • Compatible with most systems.

Cons

  • Heavier and bulkier than other types of solar batteries.

  • To preserve battery life, it’s recommended that you don’t let the battery capacity drop below 50%. Other types of batteries can drop to 10% capacity — and sometimes lower — without damaging the system.

  • Generally need maintenance such as adding water (unless sealed).

  • May emit gasses.

  • Shorter life span than other types of solar batteries.

  • Take longer to recharge than other types of solar batteries.

  • Contain harmful chemicals and they require proper disposal.

Lithium-ion batteries

Well-suited to residential solar systems, lithium-ion batteries offer a small, light and long-lasting solar battery option with a high energy density. This newer technology lets you access more of the battery’s stored energy before needing to recharge it, which is why this type of battery is common in laptops and mobile phones. If they’re not installed properly, however, lithium-ion batteries can catch fire. They’re also pricier than some other types of batteries.

Pros

  • Smaller and lighter than other battery types; work well in tight spaces.

  • Newer technology with improved battery capacity and efficiency.

  • Long life span.

  • Little or no maintenance required.

  • Fewer batteries needed for power.

  • Lithium-ion batteries have a high depth of discharge, meaning if the battery capacity drops to 10%, it won’t strain the system or cause the system to degrade.

Cons

  • High price.

  • Can catch fire if improperly installed.

  • Special equipment required for installation.

Nickel-cadmium batteries

Designed mostly for commercial solar systems, nickel-cadmium batteries are rare in smaller residential applications. Because some manufacturers are testing ni-cads for home systems, we may see more of them in the future. Nickel-cadmium batteries use older technology, are low maintenance and long-lasting, have a high discharge capacity and can work efficiently even in extreme temperatures. However, they’re also heavy and bulky, lose charge when they’re not used, are costly and contain toxins that are harmful to the planet when not properly disposed of. Some countries have banned their use.

Pros

  • Long life span of up to 20 years or more.

  • Nickel-cadmium batteries have a high depth of discharge, meaning if the battery capacity drops to 20%, it won’t strain the system or cause the system to degrade.

  • Perform well under extreme weather conditions.

  • Time-tested technology.

  • Low maintenance.

Cons

  • Power retention is lower than other battery types.

  • Not environmentally friendly.

  • Not typically available for residential solar systems.

  • Heavy and bulky.

Flow batteries

Engineered for large-scale use with very limited availability to homeowners, this new technology uses water-based electrolytes that flow between two internal tanks. Charging and discharging takes place through chemical reactions within the battery, and increasing the number of tanks can increase total energy storage capacity. Flow batteries are very efficient and have a 100% discharge capacity. They’re also long-lasting and use nontoxic, nonflammable materials. Unfortunately, they’re also heavy, large and expensive. They require a lot of maintenance and have a low power density.

Pros

  • Customizable.

  • Long life span of 20 years or more.

  • Nonflammable and nontoxic materials.

  • High efficiency with 100% discharge capacity.

Cons

  • Heavy/bulky.

  • Considered too expensive for residential use.

  • Low power density.

  • High maintenance.

Final considerations and how to choose a solar battery

Here are a few important factors to consider and compare:

  • Budget. Weigh affordability and durability, and be aware that less expensive lead-acid batteries won’t last as long as lithium-ion batteries, which are more expensive upfront.

  • Space. Choose batteries that fit in your available space.

  • Warranty: Look for a solid warranty from a reputable manufacturer.

  • Battery capacity. For maximum efficiency, be sure this is appropriate for your solar system’s energy production. There are two measurements to consider: Storage capacity is how much energy the battery can hold; usable capacity is the energy the battery can provide minus the energy needed to operate the battery.

  • Battery life span. Longer life spans save on battery replacement costs over time and lessen the impact on the environment.

  • Round-trip efficiency. This is the measure of how well your battery stores and retrieves energy and how efficient its operation is after it’s charged. The industry standard for this is about 80%

    .

  • Depth of discharge: This is how much power a battery uses before you need to recharge it.

  • Maintenance. Lower-priced battery options such as lead-acid typically require more maintenance, and you’ll need to decide how much maintenance you’re willing and able to perform.

  • Your system’s voltage requirements. Make sure your battery is compatible with the voltage requirements of your solar panels.

Frequently asked questions

Source: nerdwallet.com