Virtus Newfleet Multi-Sector Bond ETF (ARCA: NFLT)

Latest news for Virtus Newfleet Multi-Sector Bond ETF (ARCA:NFLT)

Virtus Newfleet Multi-Sector Bond ETF

Virtus Newfleet Multi-Sector Unconstrained Bond ETF

Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in bonds. The Sub-Adviser seeks to select securities using a sector rotation approach and seeks to adjust the proportion of fund investments in various sectors and sub-sectors in an effort to obtain higher relative returns.

Jp Morgan Usd Govt Money Market Instl

<p>T2 Biosystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTOO#NASDAQ">TTOO</a>) reported quarterly losses of $(0.66) per share which beat the analyst consensus estimate of $(0.97) by 31.96 percent.  The company reported quarterly sales of $1.952 million which missed the analyst consensus estimate of $2.100 million by 7.05 percent.  This is a 0.61 percent decrease over sales of $1.964 million the same period last year.</p>


Earnings

Earnings Beats

Earnings Misses

News

TTOO

T2 Biosystems Q2 2024 GAAP EPS $(0.66) Beats $(0.97) Estimate, Sales $1.952M Miss $2.100M Estimate

Guidance

COPT Defense Properties Sees FY 2024 Diluted EPS $2.51-$2.57 Vs $1.19 - $1.25 Prior

<p>CNO Finl Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNO#NYSE">CNO</a>) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $0.71 by 47.89 percent. This is a 94.44 percent increase over earnings of $0.54 per share from the same period last year.  The company reported quarterly sales of $1.07 billion which beat the analyst consensus estimate of $943.98 million by 12.93 percent.  This is a 4.31 percent increase over sales of $1.02 billion the same period last year.</p>


CNO Finl Group Q2 Adj $1.05 Beats $0.71 Estimate, Sales $1.07B Beat $943.98M Estimate

<p>PotlatchDeltic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCH#NASDAQ">PCH</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.16 by 6.25 percent. This is a 183.33 percent increase over earnings of $0.06 per share from the same period last year.  The company reported quarterly sales of $320.671 million which beat the analyst consensus estimate of $304.760 million by 5.22 percent.  This is a 30.30 percent increase over sales of $246.101 million the same period last year.</p>


PotlatchDeltic Q2 2024 Adj. EPS $0.17 Beats $0.16 Estimate, Sales $320.671M Beat $304.760M Estimate

<p>Ekso Bionics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EKSO#NASDAQ">EKSO</a>) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.14) by 7.14 percent.  The company reported quarterly sales of $4.950 million which missed the analyst consensus estimate of $5.171 million by 4.27 percent.  This is a 5.25 percent increase over sales of $4.703 million the same period last year.</p>


EKSO

Ekso Bionics Holdings Q2 2024 GAAP EPS $(0.13) Beats $(0.14) Estimate, Sales $4.950M Miss $5.171M Estimate

<p>HomeStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) reported quarterly losses of $(0.23) per share which beat the analyst consensus estimate of $(0.26) by 11.54 percent. This is a 235.29 percent decrease over earnings of $0.17 per share from the same period last year.</p>


HMST

HomeStreet Q2 Adj $(0.23) Beats $(0.26) Estimate

VRNS

Varonis Expects Q3 Revenues To Grow 14% - 17% To $140M - $143M (Est $135.62M) ; Adj EPS Of $0.07 - $0.08 (Est $0.03)

<p>COPT Defense (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDP#NYSE">CDP</a>) reported quarterly earnings of $0.31 per share which met the analyst consensus estimate.  The company reported quarterly sales of $187.34 million which beat the analyst consensus estimate of $168.33 million by 11.29 percent.</p>


COPT Defense Q2 2024 GAAP EPS $0.31, Inline, Sales $187.34M Beat $168.33M Estimate

<p>Central Garden &amp; Pet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENT#NASDAQ">CENT</a>) reported quarterly sales of $1.07 billion which beat the analyst consensus estimate of $1.00 billion by 6.60 percent.  This is a 4.20 percent increase over sales of $1.02 billion the same period last year.</p>


CENT

Central Garden & Pet Q3 Sales $1.07B Beat $1.00B Estimate

<p>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.04 by 100 percent. This is a 33.33 percent decrease over earnings of $0.12 per share from the same period last year.  The company reported quarterly sales of $138.740 million which beat the analyst consensus estimate of $133.666 million by 3.80 percent.  This is a 11.04 percent decrease over sales of $155.963 million the same period last year.</p>


HLIT

Harmonic Q2 2024 Adj. EPS $0.08 Beats $0.04 Estimate, Sales $138.740M Beat $133.666M Estimate

<p>CVRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) reported quarterly losses of $(0.65) per share which missed the analyst consensus estimate of $(0.53) by 22.64 percent. This is a 16.07 percent decrease over losses of $(0.56) per share from the same period last year.  The company reported quarterly sales of $11.807 million which beat the analyst consensus estimate of $11.787 million by 0.17 percent.  This is a 24.28 percent increase over sales of $9.500 million the same period last year.</p>


CVRX

CVRx Q2 2024 GAAP EPS $(0.65) Misses $(0.53) Estimate, Sales $11.807M Beat $11.787M Estimate

<p>Woodward (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) reported quarterly earnings of $1.63 per share which beat the analyst consensus estimate of $1.46 by 11.64 percent. &nbsp;</p>


Woodward Q3 2024 GAAP EPS $1.63 Beats $1.46 Estimate

Element Solutions Q2 Adj EPS $0.36; Total Revenue $613M

<p>NeoGenomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.00 by Infinity percent. This is a 160 percent increase over losses of $(0.05) per share from the same period last year.  The company reported quarterly sales of $164.502 million which beat the analyst consensus estimate of $161.847 million by 1.64 percent.  This is a 11.97 percent increase over sales of $146.917 million the same period last year.</p>


NeoGenomics Q2 2024 Adj. EPS $0.03 Beats $0.00 Estimate, Sales $164.502M Beat $161.847M Estimate

FFIV

F5 Raises FY24 Earnings Growth Expectations; Now Expects To Deliver Approximately 12% Non-GAAP EPS Growth From Prior Growth Outlook Of 7% - 9%

<p>Financial giants have made a conspicuous bullish move on BP. Our analysis of options history for BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) revealed 13 unusual trades.</p>
<p>Delving into the details, we found 53% of traders were bullish, while 38% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $203,250, and 10 were calls, valued at $508,863.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $33.0 to $45.0 for BP over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in BP's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to BP's substantial trades, within a strike price spectrum from $33.0 to $45.0 over the preceding 30 days.</p>
<h3>BP 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722284154_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>BP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$10.4</td>
<td>$10.2</td>
<td>$10.35</td>
<td>$45.00</td>
<td>$103.5K</td>
<td>58</td>
<td>0</td>
</tr>
<tr>
<td>BP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$0.28</td>
<td>$0.24</td>
<td>$0.27</td>
<td>$36.00</td>
<td>$98.2K</td>
<td>3.4K</td>
<td>4.2K</td>
</tr>
<tr>
<td>BP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.75</td>
<td>$0.72</td>
<td>$0.71</td>
<td>$33.00</td>
<td>$71.0K</td>
<td>725</td>
<td>1.0K</td>
</tr>
<tr>
<td>BP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/02/24</td>
<td>$0.7</td>
<td>$0.69</td>
<td>$0.69</td>
<td>$35.00</td>
<td>$69.4K</td>
<td>323</td>
<td>4.1K</td>
</tr>
<tr>
<td>BP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$0.67</td>
<td>$0.64</td>
<td>$0.67</td>
<td>$35.00</td>
<td>$59.8K</td>
<td>323</td>
<td>2.0K</td>
</tr>
</tbody>
</table>
</p>
<h3>About BP</h3>
<p>BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day.</p>
<h3>BP's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 12,401,666, the BP's price is up by 0.34%, now at $35.37. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 1 days.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for BP with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Markets

BP Unusual Options Activity For July 29

<p>Deep-pocketed investors have adopted a bearish approach towards Wayfair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in W usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Wayfair. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 25% leaning bullish and 62% bearish. Among these notable options, 2 are puts, totaling $63,165, and 6 are calls, amounting to $391,365.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $115.0 for Wayfair over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for Wayfair options trades today is 2711.25 with a total volume of 1,002.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Wayfair's big money trades within a strike price range of $40.0 to $115.0 over the last 30 days.</p>
<h3>Wayfair 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722284149_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$12.25</td>
<td>$12.0</td>
<td>$12.0</td>
<td>$45.00</td>
<td>$120.0K</td>
<td>3.2K</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$4.9</td>
<td>$4.85</td>
<td>$4.9</td>
<td>$53.00</td>
<td>$106.3K</td>
<td>628</td>
<td style="text-align: right;">244</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$0.91</td>
<td>$0.76</td>
<td>$0.76</td>
<td>$70.00</td>
<td>$76.1K</td>
<td>4.0K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$7.05</td>
<td>$7.0</td>
<td>$7.05</td>
<td>$50.00</td>
<td>$35.2K</td>
<td>1.3K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$3.2</td>
<td>$3.1</td>
<td>$3.2</td>
<td>$53.00</td>
<td>$31.9K</td>
<td>397</td>
<td style="text-align: right;">167</td>
</tr>
</tbody>
</table>
</p>
<h3>About Wayfair</h3>
<p>Wayfair engages in e-commerce in the United States (87% of 2023 sales), Canada, the United Kingdom, Germany, and Ireland. At the end of 2023, the firm offered more than 30 million products from more than 20,000 suppliers under the brands Wayfair, Joss &amp; Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, and other home goods. Wayfair was founded in 2002 and began trading publicly in 2014.</p>
<p>After a thorough review of the options trading surrounding Wayfair, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Wayfair's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 4,892,444, the W's price is up by 2.98%, now at $54.6. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 3 days.</li>
</ul>
<h3>What Analysts Are Saying About Wayfair</h3>
<p>In the last month, 2 experts released ratings on this stock with an average target price of $64.0.</p>
<ul>
<li>In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $70. </li>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Wayfair with a target price of $58. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Wayfair options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Decoding Wayfair's Options Activity: What's the Big Picture?

<p>Deep-pocketed investors have adopted a bearish approach towards Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NEM usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Newmont. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 18% leaning bullish and 81% bearish. Among these notable options, 5 are puts, totaling $600,525, and 6 are calls, amounting to $433,342.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $65.0 for Newmont, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Newmont's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Newmont's whale trades within a strike price range from $40.0 to $65.0 in the last 30 days. </p>
<h3>Newmont Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722284144_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.7</td>
<td>$1.65</td>
<td>$1.69</td>
<td>$45.00</td>
<td>$338.0K</td>
<td>194</td>
<td>2.0K</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.23</td>
<td>$1.2</td>
<td>$1.2</td>
<td>$40.00</td>
<td>$120.0K</td>
<td>11.1K</td>
<td>0</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.45</td>
<td>$5.35</td>
<td>$5.35</td>
<td>$45.00</td>
<td>$107.0K</td>
<td>41.0K</td>
<td>803</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.45</td>
<td>$5.35</td>
<td>$5.35</td>
<td>$45.00</td>
<td>$107.0K</td>
<td>41.0K</td>
<td>603</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$7.3</td>
<td>$7.2</td>
<td>$7.3</td>
<td>$40.00</td>
<td>$73.0K</td>
<td>12.1K</td>
<td>119</td>
</tr>
</tbody>
</table>
</p>
<h3>About Newmont</h3>
<p>Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.</p>
<p>In light of the recent options history for Newmont, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Newmont's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 7,968,660, the NEM's price is up by 1.18%, now at $47.28. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 87 days.</li>
</ul>
<h3>What The Experts Say On Newmont</h3>
<p>A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $57.333333333333336.</p>
<ul>
<li>Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Newmont with a target price of $57. </li>
<li>Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Newmont, targeting a price of $54. </li>
<li>An analyst from CIBC has elevated its stance to Outperformer, setting a new price target at $61. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Newmont options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


What the Options Market Tells Us About Newmont

<p>User be warned: one more trap all too many fall into is the illusion that you should pay off debt before you start saving for retirement. The (not actually broke) Broke Millennial and countless other financial advisors warn that this is a myth, and here&#8217;s why: <a href="https://www.benzinga.com/money/best-compound-interest-accounts">compound interest</a>.</p>
<p>Imagine this: if it takes you 15 years to <a href="https://www.benzinga.com/money/how-to-pay-off-student-loans">pay off your student loans</a>, and you graduated at 22, you&#8217;ll be 37 with 30 years or less until retirement. That&#8217;s 15 years where your investments could have been compounding, but you&#8217;ve lost that opportunity.&nbsp;</p>
<p><strong>Don't Miss:</strong></p>
<ul>
<li><strong>The average American couple has saved this much money for retirement —</strong><a href="http://www.benzinga.com/money/smartasset"><strong> </strong><strong>How do you compare</strong></a><strong>?</strong></li>
<li><strong>Can you guess how many Americans successfully retire with $1,000,000 saved?</strong><a href="https://www.benzinga.com/money/red-ventures"><strong> </strong><strong>The percentage may shock you</strong></a><strong>.</strong></li>
</ul>
<p>So, why do some people in the personal finance community preach that you must achieve debt freedom before you start building wealth and working toward other financial goals? It&#8217;s wrong! The key is to start early and balance your financial goals wisely.&nbsp;</p>
<p><strong>Here&#8217;s proof that a small amount plus time equals success:&nbsp;</strong></p>
<p>If you start contributing $400 a month to a retirement account at age 23, by the time you&#8217;re 65, assuming a 7% return on investments, you&#8217;ll have over $1.1 million.&nbsp;</p>
<p>If, instead, you pay off student loans until age 36 and then start contributing $900 a month with the same 7% interest rate, by age 65, you&#8217;ll have just under $950,000, with more than double the contributions late in life.</p>
<p><strong>Trending:</strong> <strong>Will the surge continue or decline on real estate prices?</strong><a href="https://www.benzinga.com/money/realbricks"><strong> </strong><strong>People are finding out about risk-free real estate investing that lets you cash out whenever you want.</strong></a></p>
<p>Better yet, suppose you start contributing $400 a month at age 23 and then increase to $900 a month when you pay off your student loans at age 38. In this example, you&#8217;d have over $1.64 million.&nbsp;</p>
<p>Interestingly, you&#8217;d only have about $135,000 by age 38. But if you contributed nothing more, you&#8217;d still have $839,140, close to what you&#8217;d have, contributing more than double for longer closer to retirement (assuming a 7% interest rate).</p>
<p>In all these examples, a small amount, say $400 a month, invested for 40 years beats any bigger amount invested for a shorter time, such as 30 years.&nbsp;</p>
<p><strong><em>See Also:</em></strong><em> </em><a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv"><strong><em>IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</em></strong></a></p>
<p>Here are the key takeaways to ensure you have enough by retirement:</p>
<ul>
<li>Plan to invest for retirement and pay off debt, if necessary.</li>
<li>Invest enough to get the full amount if you have an employer match.</li>
<li>Consistency and time are more important for long-term wealth than big contributions.</li>
<li>If you&#8217;re playing catch-up, focus on contributing as much as possible, so it has time to grow. </li>
</ul>
<p>And remember, if your debt is overwhelming, consider <a href="https://www.benzinga.com/money/ways-to-get-fast-cash-now">ways to earn more income</a>, <a href="https://www.benzinga.com/money/best-budgeting-apps">create a budget</a>, or refinance to lower interest rates. Saving even a little bit now can have a big impact long-term. A $100 monthly over 40 years could be nearly $250,000 with 7% interest. It&#8217;s never too early to start!</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong>Don&#8217;t miss the real AI boom &#8211;</strong><a href="https://www.benzinga.com/money/fundrise-innovation-fund"><strong> here&#8217;s how to use just $10 to invest in high growth private tech companies.</strong></a></li>
<li><strong>Can you guess how much the average retirement account balance is?</strong><a href="https://www.benzinga.com/money/average-retirement-account-balance-adv"><strong> </strong><strong>Here&#8217;s a hint — it&#8217;s only slightly more than a year&#8217;s worth of expenses.</strong></a></li>
</ul>


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