Does it make sense for ALL investors to invest in the S&P 500? What if youâre not 100% comfortable investing all your money in the stock market? This article looks at how the S&P 500 works, along with some pros and cons of investing in the S&P 500, so you can make a more informed decision for YOUR portfolio.
The post How to Invest in the S&P 500: What You Need to Know appeared first on Good Financial Cents®.
Mortgage rates resumed moving downward this week, baking in bond market expectations of a favorable inflation report, Freddie Mac said. It is the first drop in rates in three weeks. The 30-year fixed rate mortgage averaged 6.33% for the week of Jan. 12, down 15 basis points from last week’s 6.48%, the Freddie Mac Primary … [Read more…]
If you want a soft landing, this is the inflation data you want to see, something I talked about last year, even on recession watch.
In a recent article in The Atlantic, Joe Pinsker shared some thoughts on why many ultrarich people aren’t satisfied with their wealth.
There seem to be two reasons.
While Pinsker’s article is about the ultrarich, I think these tendencies apply to nearly everyone. Even me.
People in the middle class are just as inclined to hop on the hedonic treadmill. They’re just as likely to compare what they have to what their friends have. The same goes for those who aren’t well off. Even people in poverty get sucked into the comparison game.
In fact, I’d argue that for the poor and middle class, there’s an added element. Time and again, statistics show that folks with lower incomes watch tons more TV than people who earn more. (Also here — and many more studies.) When you allow yourself to succumb to the “other world” of film and TV, you’re exposed to more ideas about how people should and do live — even if these ideas are baseless. (It’s like “The Grand Illusion” by Styx: “Don’t be fooled by the radio, the TV, or the magazines. They show you photographs of how your life should be, but they’re just someone else’s fantasy.”)
The rich compare themselves to themselves and others. The poor do too but they also compare themselves to fictional characters on film and television.
The bottom line seems to be that comparing your situation to anyone is likely to lead to trouble. Whether you’re comparing yourself to yourself, your family, your friends, or to people in Hollywood productions, doing so leads to a desire for more.
But it doesn’t have to be this way.
Do you remember the first time you wrote a check for $100?The first $100 check I wrote was for my cell phone waaayyy back in 1997. Whoaâ¦that brings back memories. At that point, it hadnât even occurred to me to invest the 100 dollars â I was just happy to have my cell phone!What about […]
The post How to Invest $10K Dollars appeared first on Good Financial Cents®.
Why Did My Car Insurance Go Up? is a post from Pocket Your Dollars.
From living in the dorms to meeting new people, many students eagerly await their chance to begin the college experience. And no matter your major, almost all college students have one thing in common â they know college can be expensive. So expensive, in fact, that over 43 million students are facing outstanding student loan
The post 65 Student Loan Debt Statistics for 2022 appeared first on MintLife Blog.
Everything you need to know as a Massachusetts first-time home buyer, from home prices to loan options and home buyer grants.
A career in a major bank can be both rewarding and well-paying, with top positions garnering income of hundreds of thousands or even millions of dollars annually. But what exactly do these high-earning professionals do? And how much money do they make? Here are the highest paying jobs in major banks for 2023.
The post The 8 Highest-Paying Jobs in Major Banks for 2023 appeared first on Good Financial Cents®.