One week into Financial Literacy Month, the Personal Finance staff at MarketWatch has ready an abundance of articles masking varied points of managing cash.
It begins with this monetary literacy quiz. Chances are among the questions might be straightforward for you — however you’ll in all probability study one thing, too, and sharing the quiz with members of the family may spur helpful conversations. There’s even a bonus query!
Find extra articles on the Financial Fitness web page.
And right here’s a lesson about life and enterprise that Apple founder Steve Jobs shared with the iPhone maker’s present CEO, Tim Cook.
How to speak about cash
Relationship issues typically spring from cash issues — or from poor communication about monetary issues, no matter wealth degree. Brian Page, founding father of Modern Husbands, shares suggestions and instruments to assist {couples} talk about cash and enhance their help for one another.
Quentin Fottrell has recommendation for a person who’s anxious his sons might not make one of the best selections whereas saving up cash to purchase properties. Here’s how he can keep their belief whereas sharing life classes about cash.
How to buy a house — and for a mortgage — in a troublesome market
For Financial Literacy Month, TransUnion’s head of client training, Margaret Poe (left), spoke with MarketWatch’s Aarthi Swaminathan.
Barron’s Live
Aarthi Swaminathan interviews a house purchaser with a captivating profession, which is definitely one in every of a number of challenges he confronted in getting a mortgage. Here’s her recommendation on learn how to store within the present market and pay as little curiosity as attainable.
And right here’s how a lot earnings you want to afford a $500,000 residence.
On a associated be aware, don’t assume you understand every thing about credit score reporting, particularly in case you are seeking to borrow cash to buy a house or automobile. Margaret Poe, who heads client training at TransUnion, shares the commonest mistake folks make in terms of their credit score rating.
Do you need to retire early?
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Be cautious — you won’t be able to retire as early as you anticipated to be, and your monetary adviser may be afraid to provide the unhealthy news, as Morey Stettner explains.
More on retirement planning:
- What’s the magic quantity for retirement financial savings? Americans say it’s greater than $1 million, however most will fall wanting that aim.
- The finest option to enhance retirement financial savings? Keep it easy — and computerized.
Where will you reside if you retire?
Tims Ford Lake in Winchester, Tenn.
Getty Images/iStockphoto
MarketWatch’s Retirement Tool provides you the facility to make detailed customized searches for attainable locations to reside.
This week, Jessica Hall shares three attainable areas to assist a reader who’s seeking to transfer to a distant location just like “a warm, sunny version of Alaska” on a low finances.
What is occurring with financial institution rates of interest?
Take a detailed have a look at the curiosity you might be incomes in your financial savings. You may be leaving cash on the desk.
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It pays to buy round. One native financial institution is paying 0.02% curiosity on financial savings accounts, whereas some massive banks are providing 3.75% or extra if you happen to use a web-based financial savings account.
Joy Wiltermuth explains why rates of interest on deposits haven’t been maintaining with the federal-funds fee, for which the Federal Reserve has set a goal vary of 4.75% to five%.
People who’re bored with being paid subsequent to nothing on their financial institution deposits have been shifting cash to money-market mutual funds. These funds have secure share costs of a greenback and pay larger rates of interest than most financial institution financial savings accounts. Joseph Adinolfi explains how this large motion of cash may damage the U.S. financial system.
There has additionally been an growing move of cash into exchange-traded funds that maintain bonds, as Christine Idzelis experiences on this week’s ETF Wrap.
And what’s happening with the banks?
Bank earnings season kicks off on April 14, when JPMorgan Chase
JPM,
Citigroup
C,
and Wells Fargo
WFC,
are scheduled to announce their first-quarter outcomes.
Here’s a sampling of Steve Gelsi’s ongoing protection of the aftermath of the deposit flight that led to the failures of Silicon Valley Bank and Signature Bank of New York, in addition to to issues about different banks’ liquidity:
Mark Hulbert: Silicon Valley Bank’s failure isn’t the top of the banking disaster. History says it simply may be the beginning.
For bearish and bullish buyers
The S&P 500’s restoration from its October backside has been bumpy — and partial.
FactSet
The bear market might not be over for shares, regardless of this yr’s 7.4% return for the S&P 500. Here are 4 causes buyers could also be in for extra ache over the brief time period.
For extra of the gloomy view: A ‘credit crunch’ is already below manner, economist warns
Then once more, one investor’s worry is one other investor’s alternative. With so {many professional} cash managers advising a low allocation to shares, analysts at Bank of America see clear sign that it’s time to purchase.
How about some inventory screens?
Auto gross sales warmth up — for a stunning cause
Tesla CEO Elon Musk may be the topic of a shareholder proposal within the electric-vehicle maker’s annual proxy assertion.
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Tesla Inc.’s
TSLA,
annual assembly will happen on May 15. This yr’s proxy assertion features a shareholder proposal that may be particularly fascinating for CEO Elon Musk, as Claudia Assis experiences.
Related: U.S. automobile gross sales received assist from an surprising nook of the market
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