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Economy, Personal Finance

“40% of workers are behind on retirement planning. Not saving earlier was the biggest mistake”

“…In fact, 4 in 10 American workers — 40% — are behind on retirement planning and savings, largely due to debt, insufficient income or getting a late start, according to a new CNBC survey, which polled more than 6,600 U.S. adults in early August. Older… Continue Reading…

Banking

“Repo Market BREAKS As Dealers Run Out Of Securities To Use For Fed Funds”

“Two weeks ago, just after the Fed first announced its massive overnight and term repo operation expansion which now amounts to some $1 trillion in daily repo capacity (and before Powell expanded this bazooka to included ZIRP and unlimited QE),… Continue Reading…

Personal Finance

“…the biggest end-of-year money mistakes…”

“1. Not cleaning up monthly statements…2. Not taking advantage of rewards credit cards…3. Not using up your FSA account…4. Not contributing enough to your 401(k)…5. Not planning for major 2020 events… Accumulating the necessary funds for big-ticket items (e.g., a… Continue Reading…

Personal Finance

Early Withdrawal: “The $51,000 mistake thousands of retirement savers have made”

“Nearly half (49%) of people with retirement accounts have withdrawn the money early, according to data released Thursday by Bankrate. Other data show a similar pattern: In a survey of more than 1,000 adults released this year by MagnifyMoney, roughly half… Continue Reading…

Stocks

“Selling software service stocks on trade worries is a ‘big mistake,’ Jim Cramer says”

“Don’t give up on the entire technology sector of the market, according to CNBC’s Jim Cramer. The “Mad Money” host advised that selling off would be a poor miscalculation, urging investors to “ask yourself what you’re selling.” “If you’re dumping an ETF, be… Continue Reading…

Investing, Personal Finance

“Nearly 70% of Americans are making this huge mistake with their money”

“Nearly 70% of Americans have savings accounts paying less than 2% interest, according to a survey of 1,000 consumers conducted by personal-finance website Bankrate. One in five consumers earns less than 1% annual percentage yield (APY) on the short-term savings, and… Continue Reading…

Personal Finance

“Self-made millionaire: 5 money mistakes young people make…”

” 1. Using credit for things that don’t create income 2. Comparing how much you have with others 4. Seeking comfort instead of freedom …If you’re just seeking comfort, you’re probably never going to achieve financial freedom. Comfort gives you… Continue Reading…