Long, Moderate and Painful: What Next US Recession May Look Like

US lacks buildup of leverage that preceded past deep downturns But Fed may not ride to rescue, given its inflation mission Recessions, like unhappy families, are each painful in their own way. And the next one — which economists see as increasingly possible by the end of next year — will probably bear that out. A US downturn may well …

How to Start Investing, Even in a Bear Market

The party in the financial markets is long over. Chatter about hot stocks and fabulous opportunities in cryptocurrencies and NFTs has died down to a whisper. Recession and bear market are the big buzzwords these days. Illustration: Thomas Fuchs Clearly, this is not the happiest of times for investors. If you have never put money into the market before, this …

Declare Your Own Financial Independence Day in 2022

As the Fourth of July reminds us, independence is worth fighting for. On July 4th we celebrate our nation’s declaration of freedom from the control and influence of Great Britain. Financial independence also means freedom. And as with the political independence we celebrate every July 4th; financial independence starts with a declaration. Here’s how to declare, fight for, and win your own …

Column: Want to do something about your ailing retirement savings? Don’t.

When the stock market gets volatile, retirement investors are naturally inclined to want to do something about it. iStock-1395625444.jpg We certainly are at such a point now. The S&P 500 has plunged 21.1% so far this year, as of Wednesday’s close. Last week, it lost 5.8%, its biggest weekly percentage drop since the selloff inspired by COVID-19 in March 2020. …

Bear Markets and Recessions Happen More Often Than You Think

Spending money can be delightful. But losing it? If you are watching big chunks of hard-earned savings disappear, losing money can be sheer misery. That’s why the headlines proclaiming the arrival of a bear market have been so disturbing. Strictly speaking, a bear market is simply Wall Street jargon for a stock market decline of at least 20%. But this …

10 Steps To Take If Your Salary Isn’t Keeping Up With Inflation

“The market is on your side these days – it is painfully difficult and expensive for businesses to hire and train new employees, and they would rather keep you if your ask is reasonable and backed up.” — Roman Peskin, CEO of ELVTR Ask for a raise if your salary isn’t keeping up with inflation/Getty According to ELVTR, an online …

The Bear Market Has Finally Arrived. Here’s How to Move On and Act Now

With the S&P 500 more than 20% off its peak, and tech stocks down even further, your first task is to take a deep breath and assess your risk. Illustration: Michael Kennedy for Bloomberg Businessweek Individual investors need a new playbook—or maybe a revised version of the old one. The rally in stocks that had been boosting retirement fund balances sputtered early …

10 Reasons For Financial Check-Ups As You Save For Retirement

Andrew Rosen, Contributor June 9, 2022 Check-ups are a part of life, from your physical check-ups at the doctor, to your dental check-ups at the dentist – even your car gets a tune up on a regular basis. It makes sense that your financial life should also get a regular check-up as well, to ensure that you’re on the right …

What Happens When Stock Markets Become Bears

The S&P 500 on Monday dropped into its second bear market of the pandemic, crossing a symbolic and worrisome threshold as stocks plunge after a meteoric rise over the past two years. Bear markets — when stocks decline at least 20% from their recent peaks — are relatively rare, and they frequently precede a recession. This sell-off, dragging the S&P …

Freedom to Travel This Summer Will Come at a Hefty Price

If you’re one of the 73% of Americans planning to travel this summer, brace yourself for a turbulent trip. Almost all facets of the industry—from airlines to rental cars, cruises to hotels—are facing global service disruptions, a result of the same supply chain and labor shortage issues upending all businesses. There are also price spikes aplenty and some record demand …