Sharing Our Thoughts and Insights
For those looking to refinance their mortgage (or with children looking to purchase a new home) now may be a great time: the average 30-year, fixed rate mortgage now stands at around 3.56%, a three-year low.
“Most Americans would probably have a hard time wrapping their heads around a $350,000 salary. In fact, government data cited by Sam Dogen of the Financial Samurai blog shows that some 95% of U.S. households don’t pull in that much. “
The last week has seen a sharp reversal in the best and worst performing stocks. The stocks driving the market gains throughout the year have given way to the laggards over the last few trading sessions.
Becoming indistractable is the most important skill for the 21st century — and it’s one that many parents fail to teach their kids.
Warren Buffett is one of the richest people in the world, but money isn’t a factor when it comes to measuring the quality of his life.
Good news for the cheery: A Boston study published this month suggests people who tend to be optimistic are likelier than others to live to be 85 years old or more.
Economics 101 tells us that lower supply (all else equal) will result in higher prices. And that’s just what’s happened, as Municipal bond returns have outpaced taxable bond returns over the last ten years (4.1% to 3.9%).
The U.S. 10-Year Treasury Yield has been cut in half since the fourth-quarter last year (3.2% 1.6%), causing bond prices to rise significantly (taxable bond index is up nearly 9% year-to-date).
One component of any retirement plan is making a smooth transition by “practicing retirement.” Think of it as a dress rehearsal before you take the big (and often irreversible) step to fully retire.