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At $43 is it Time to Take Profit with Palantir?
2024 Oct 15, 3:19pm | 838There's a saying that stocks don't move in one direction all the time. Palantir Technologies Inc. (NYSE: PLTR) is testing the logic behind that saying. PLTR stock is up a whopping 151% in 2024 nearly matching the 168% gain in NVIDIA Corp. Furthermore, the stock is up 24% in the last...
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Advisors Say They Cover Key Retirement Topics, But Clients Disagree — New Research Highlights The Disconnect
2024 Oct 13, 10:30am | 448New research by David Blanchett, managing director at PGIM DC Solutions, reveals significant disparities between the retirement planning services financial advisors believe they’re providing and what clients actually report receiving. This gap highlights areas where advisors need to improve...
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Two High-Yield ETF Cash Machines for Your Retirement Portfolio
2024 Oct 10, 2:26pm | 972A high-yield dividend-paying exchange-traded fund (ETF) could be a valuable tool for investors seeking to build a solid portfolio that generates dividends. These ETFs offer a steady income stream, providing a cushion for living expenses and the potential for capital appreciation. Two standout...
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October's 4 Best Penny Stocks: High-Risk, High-Reward Picks
2024 Oct 09, 1:46pm | 799Most investors' definition of a penny stock has broadened to include not just companies trading at less than $1 per share, but also those with slightly higher stock prices up to about $5 per share. Regardless of your exact threshold, these firms remain a high-risk, high-reward proposition....
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Financial Literacy Gaps Leave Small Businesses Ripe For Advisor Expertise
2024 Oct 06, 10:30am | 370A recent survey by Xero has uncovered a significant opportunity for financial advisors to expand their client base among small business owners. The study reveals a stark contrast between entrepreneurs’ perceived financial acumen and the fiscal challenges they face in reality. While 55% of...
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These 3 Stocks Show How to Navigate Declining Consumer Confidence
2024 Oct 02, 12:07pm | 1080Historically, investors have bet on the consumer discretionary sector when the Federal Reserve (the Fed) cuts interest rates, as these typically have a positive effect on consumer spending habits through easier and cheaper financing rates. However, this time it's different, the state of the...
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How to Invest in Bonds: A Beginner's Guide
2024 Oct 01, 3:02pm | 2261Bonds can be a smart strategy for individuals looking to diversify their portfolios and achieve more predictable returns. While stocks offer the potential for higher growth, they also come with greater volatility. On the other hand, bonds are generally considered less risky and can provide a steady...
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Long-Term Care Costs Are Reshaping Advisor-Client Relationships
2024 Sep 29, 11:15am | 366A recent analysis by the National Council on Aging and the LeadingAge LTSS Center at UMass Boston reveals a looming crisis in long-term care affordability, necessitating a shift in how financial advisors approach retirement planning discussions with their clients. The study found that 80% of...
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Retirement Strategies In 2024 Focus On Flexibility And Income
2024 Sep 22, 10:30am | 418T. Rowe Price’s new 2024 Defined Contribution Consultant Study highlights significant shifts in retirement planning strategies, particularly when it comes to personalization and retirement income. The study, which surveyed 35 leading firms, reveals that consultants, advisors, and plan...
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'Mass Slaughter': Wealth Manager Warns Of Market Correction, Digital Disruption As ETF, Passive Investing Goes Up And To The Right
2024 Sep 19, 12:10pm | 560A renowned financial advisor, lawyer, and CEO of Creative Planning, Peter Mallouk, has expressed concerns about the future of the Registered Investment Advisory (RIA) industry despite projections that it will exceed $2.92 trillion by 2029. Mallouk discussed industry news with The Daily Upside at...
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Advisors Brace For Fed Rate Cuts: Shifting Bond Strategies To Balance Yield And Risk
2024 Sep 15, 10:08am | 454As the Federal Reserve prepares to cut interest rates, Americans will need to adjust their bond and income portfolios to capitalize on current yields and protect against future market shifts. This means advisors and wealth managers need to reassess their fixed-income strategies. Recent economic...
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Record Number Of '401(k) Millionaires' Even In Times Of Financial Uncertainty
2024 Sep 08, 10:01am | 371Fidelity Investments‘ second-quarter retirement analysis reveals a significant increase in the number of retirement millionaires, with 401(k) millionaires rising 2.5% to 497,000 and IRA millionaires increasing 6% to 398,594. This growth marks the third consecutive quarter of expansion for...
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Half Of Pre-Retirees Worried About Running Out Of Money, Plan To Retire Early Anyway
2024 Aug 25, 10:00am | 338A new Schroders survey reveals a paradox among pre-retirees: while half are concerned about outliving their assets, 43% plan to claim Social Security before age 67, the full retirement age for those born in 1960 or later. Only 10% of survey respondents plan to wait until 70 to maximize their...
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Morgan Stanley Becomes First Wall Street Giant To Let Advisors Recommend Bitcoin ETFs
2024 Aug 18, 10:00am | 491Morgan Stanley recently became the first major Wall Street bank to permit its financial advisors to offer Bitcoin (CRYPTO: BTC) ETFs to clients, marking a significant step in cryptocurrency’s mainstream adoption. As of early August, the bank’s 15,000 advisors can recommend two specific...
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SEC Fines Investment Firm $430,000 For Misleading Ads About Performance
2024 Aug 11, 10:15am | 517Given the spike in retirement plan trading after Monday’s market downturn, many investors are looking for help with what to do now that the markets are stabilizing. Advertising is key to that – but it’s important to remember that financial advisors have to be careful how they...