Finance Globe

Even in the absence of a global pandemic, retirement is very difficult to manage and plan for. Everyone’s retirement funds have likely seen the ups and downs recently and likely feel very concerned about the state of our economy. However, now is not the time to panic and make quick decisions without a thorough thought process. Below are some lessons to take to make sure you are planning for your retirement the right way. Have flexibility...

A few additional interesting statistics to watch during this pandemic, is U.S. home sales and the corresponding mortgage rates. Please let me know if anyone has recently purchased a home and if they are comfortable sharing, please share your rate as well. U.S. Home Sales: U.S home sales dropped to their lowest level in more than 9.5 years in May, which are caused by disruptions from the COVID-19 pandemic. Also, there was the smallest annual home...

With the year quickly coming to an end, there is no better time than now to think about the future. The year will likely be remembered as "infamous 2020" or something like that for most people. For some, this means one thing: finding a new job in the new year. If you know you want to change positions in 2021, don’t wait any longer to review your situation and decide which steps to take. Although everyone...

In today's startup world, you have probably heard of the terms accelerators, incubators, and innovation labs. These are great to help startups and founders grow their business into something viable. While there is a lot of similarities, the programs do have some key differences and are set up differently as well. Below I will describe these in detail. Please feel free to ask any follow up questions in the comment section. Also please feel free to...

There is an issue I think needs to be addressed in public high schools. While the core classes like algebra, geometry, and English are critical, these schools are putting enough focus on everyday skills like personal finance. I think personal finance should be a core class in high school. Learning these skills in high schools will help the student through adulthood, and may even find a job. I bet there are many that find themselves behind...

As I wrote on what a bond rating is last month, I wanted to also write an overview of what equity research is as well. You may be familiar with what equity research is, some may not. Below is a high-level overview of what equity research is, and feel free to ask any follow up questions in the comments section below. Equity research is primarily focused on publicly traded stocks. The purpose of equity research is...

The Federal Reserve recently announced that it cut its benchmark interest rate by a quarter percentage point, the first cut since the 2008 financial crisis. The new short-term range will be between 2% and 2.25%. The rate they reduced is the federal funds rate, which is what banks and other financial institutions charge one another for very short-term borrowing. Most consumers don’t do that sort of overnight borrowing, but the Fed’s moves still affect the borrowing...

There is generally more and more positive news coming out for the economy which is a sign we have already hit a bottom. Many believe that rising coronavirus cases won’t overwhelm hospitals that are now better prepared than during the first wave, and that virtually no political will exists for the return to restrictive lockdowns that characterized March and April. Even the Federal Reserve chair, Jerome Powell, is expected to tell lawmakers that the U.S. economy...

The stock performance in June has been very strong, which is a surprise to many. June is turning into a historic month for the markets, as the Dow experiences its best performance for the month since 1933 Wall Street rallied Monday 6/29, with all three indexes jumping by over 1%, after new housing data showed a record monthly gain in pending home sales and momentarily offsetting rising fears about new coronavirus cases that are jeopardizing an...

The Federal Trade Commission has issued a warning to consumers to be skeptical of anyone trying to sell test kits, inspections, or quick fixes for problems caused by imported drywall that has turned out to be contaminated. Earlier this year, it was determined that some U.S. homes built between 2003 and 2008 contain imported drywall, referred to in the press as Chinese drywall. Consumers largely report that their homes were built in 2006 to 2007, when...