When it comes to financial markets one thing you constantly hear is they hate uncertainty which is what is happening with the recent decline in stock market prices due to the coronavirus. And why exactly do the markets care about the coronavirus? They care because of its effect on global economic growth and on earnings for companies.
Even if you can only contribute a small portion of your paycheck to retirement, it’s typically better to start early and invest small amounts than to put away nothing at all.
If you look just at the strength of companies in the S&P 500, earnings growth is looking to be above 19% and this is following over 24% in the 1st qtr. Consumer sentiment remains high, the Small Business Optimism index hit its 6th highest reading in history, the job market is robust, wages are starting to increase-things are looking pretty rosy. What hasn’t been fun is the market itself.
Saving money doesn't necessarily have to be a difficult or perplexing enigma you have to solve immediately. There are ways that you can start today — regardless of how much money you make or how much debt you have.
Typically, when a company goes public, it hires investment banks to handle all the complicated stuff. But Spotify did a direct listing. Meaning: no banks underwriting it. No set share price before the debut. And no new stocks issued.
Before you pop open any champagne for New Year’s Eve, make sure that your money is ready for 2018.
