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This week, the Securities and Exchange Commission decided to allow the launch of 11 spot Bitcoin exchange-traded funds and warned investors that investing in crypto-asset securities can be highly volatile and speculative. “There is a risk of sexual harassment,” he warned.
Vanguard, one of the major fund management companies, has decided to distance itself from managing portfolios that hold Bitcoin.
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This has led some customers to move their brokerage accounts to competitors.
One might hope that the renewed interest in cryptocurrencies bodes well for Coinbase Global Inc.
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It pioneered a personal account for investors to hold and trade cryptocurrencies. But again, Coinbase stock fell 7% on Thursday and another 7% on Friday. Tomi Kilgore discusses Coinbase’s “loss/loss” scenario.
More reaction to the SEC’s Bitcoin decision:
- Mark Hulbert: Does a Bitcoin ETF have a place in your retirement portfolio?
- ARK’s Cathie Wood says Bitcoin is a “public good” as spot ETF debuts
apple sour
Therese Poletti explains why investors seem to be shying away from Apple stock so far this year.
read: Why Microsoft stock is a better investment than Apple
So, what will happen to Nvidia stock?
Article about Apple mentioned above
AAPL
and Microsoft
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While traders focus on valuation and fundamentals, there is another way traders consider stocks: technical analysis of trading patterns and momentum. Tomi Kilgore looks back at Nvidia’s progress this week.
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Next, consider whether the stock is overbought according to the relative strength index.
Rating game: Disney stock is stuck. Answering this question may resolve the issue again.
Trend-centric stock market approach: The popularity of Ozempic and other weight loss drugs will lead to big gains in these stocks
Social Security and Retirement Planning
Look at your Social Security estimate. Supposedly, for each year he waits after age 62 to start receiving benefits until age 70, he will find that his estimated benefits increase by about 8% per year. You may find that your payments increase by approximately 84%. If you wait until age 70, you don’t have to start at least 62 years old.
And you may live for decades past age 70.
However, you should always consider other factors. Alessandra Marito writes the “Help Me Retire” column, and this week she’s giving readers tips on how to decide when to start Social Security.
Learn more about Social Security and help with retirement planning and decisions:
Please help with university tuition fees
If you’re a college student or the parent of a high school senior who plans to attend college soon, you’ll need to fill out the new Free Application for Federal Student Aid. The form has been simplified, but there are also delays. Where normally he would be available on October 1st, it will be published starting this month.
Beth Pinsker explains how you or your child can seek more financial aid as part of this process. Many people do not understand that they can appeal and that there is value in doing so.
More about Beth Pinsker: I bought an iBond to pay for my nephew’s children’s college tuition. Should I move to a 529 account?
Bright situation for IPO
The volume of initial public offerings (IPOs) slowed significantly last year, but the prospect of lower inflation and lower interest rates could lead to even more action in 2024. Ciara Linnan and Emily Barry examine recent IPO action and come up with a long list of potential candidates. this year.
new technology hub
This year’s Consumer Electronics Show will be held in Las Vegas. John Swartz interviews Silicon Valley tech executives who are hoping to move to Las Vegas and turn what was once a casino haven into a new tech hub.
company news
The “Big Four” U.S. banks began their fourth-quarter earnings season on Friday, with some dire news.
Other earnings news:
It’s a reasonable expectation that the Dow will hit $100,000.
The Dow Jones Industrial Average DJIA closed at 37,592.98 on Friday. James Demmert, chief investment officer at Main Street Research, believes the Dow could rise to $100,000 within seven to 10 years as artificial intelligence technology becomes more widespread.
Putting aside the influence of AI, the Dow Jones Industrial Average of $100,000 is not an abnormal level given history. If the Dow rose from its current level to 100,000 in his 10 years, the annual compound return would be 10.3%. Over the past 10 years, the Dow’s total return (including dividend reinvestment) has been 128.7%, with a compound annual return of 11.2%, according to FactSet.
Achieving 100,000 in seven years (the lower end of Mr. Demmert’s target range) is an even taller order, but the annual compounded return in that scenario would be 15%.
More market news and views:
- This closely monitored recession signal is changing for reasons unrelated to economic growth prospects, strategists say.
- ‘Goldilocks thinking’ can cost stock market investors money: Howard Marks
A garden of thorns for our moneyist friends
Quentin Fottrell writes the Moneyist column, where he helps readers navigate difficult financial decisions and struggles.
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