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I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.
Good morning Reader, I'm sending this Wednesday morning but depending on when you read it, the Federal Reserve's FOMC may have announced what it'll do with interest rates (it does it at 2pm) - and that's most likely a rate cut of 25 basis points, maaaaybe a bigger 50 basis points. Savers will cringe, borrowers will rejoice. You may have also heard that the U.S. economy isn't doing well but that may not match up with what you see - but that's because your personal economy isn't the nation's....
Good morning Reader, Is the economy slowing? Maybe. The soft jobs report and the uncertainty around tariffs is having a dampening effect on the economy, to say the least. That's why interest rate traders are expecting a rate cut in the mid-September meeting - 88.2% chance of a 25 basis point cut and now a 11.8% chance of a 50 basis point cut. Good for borrowers, bad for savers. Time to lock in those CDs! (also a good time to do it in conjunction with Raisin's deposit bonus) From time to time,...
Good morning Reader, I make automatic regular contributions to our retirement at the start of each month and, sometimes, you get days where you invest and the market drops 0.70%. (which the S&P did yesterday) If you've ever felt the twinge of annoyance (or more) at the market dropping the day you make a contribution, remember this - investing is a long game. In fact, it's a Loser's Game. Avoiding mistakes is the whole game: Making regular contributions is more important than when you make...