: Investors are taking more risk as we near the end of 2023
Also, stock picks, Ozempic and behavior, retirement planning, Microsoft and Nvidia, and investing mistakes to avoid.
News
The Moneyist: ‘I didn’t see how this could happen to my family — until now’: My brother drained $200,000 from my mother’s savings. How can I stop him?
“I manage my mother’s finances, but I have always treated it as her money and not mine to spend or control. If she wants to give him money, she gives him money.”
Paul Brandus: Americans’ support for Ukraine is wavering, but providing aid creates U.S. jobs
U.S. aid to Ukraine has boosted economic activity and jobs in 38 states.
In One Chart: November’s rally just erased two months of Fed tightening, economist says
Financial conditions are now looser than in September, says economist.
Lawrence G. McMillan: Resistance is expected but futile: Stocks are geared for a year-end rally
Yet all bets are off if the S&P 500 closes below 4400.
Commodities Corner: What the Venezuela-Guyana border dispute means for oil prices
A land dispute between Venezuela and Guyana has the potential to stir up the oil market.
Market Extra: Market’s inflation expectations inch closer to Fed’s 2% target on confidence central bank will prevail in long run
Market-implied expectations for inflation over the next 10 years are slipping closer to 2% amid renewed confidence that the Federal Reserve will manage to control price gains in the long run.
Retire Better: Alone and unable to care for themselves: This is the plight of millions of older Americans, study says
There are nearly 20 million U.S. adults age 55 and older who have difficulty with one or more basic daily activities.
Need to Know: There’s a new market dynamic heading into payrolls report, Goldman trading expert says
John Flood, a managing director at Goldman Sachs who works in its trading business, says there is a “new dynamic” in that the market will dislike extreme jobs data changes in either direction.
: India’s stock market tops $4 trillion in value as investors buy into world’s fastest growing big economy
India’s stock market hit a fresh record high this week, propelling its value above $4 trillion for the first time and leaving it in a close battle with Hong Kong for fourth spot in the global ranking.
Market Extra: Value stocks were poised for glory in 2023, then it all slipped away as AI euphoria took over. Here’s what to expect next.
There isn’t a compelling reason to choose between large-cap value and growth stocks in 2024 as high levels of uncertainties still linger, says DataTrek Research.
: Nikki Haley says her big corporate supporters won’t affect her policies — and GOP rivals are ‘just jealous’ about them
Republican presidential hopeful Nikki Haley pushed back when pressed at Wednesday’s primary debate on whether she’s too tight with billionaires and corporate interests, saying those supporters won’t affect her stances on key issues.
Need to Know: Here are the rookie mistakes being made by millennial and Gen Z investors
Younger investors see their peers making bank off crypto and equity options. Those lead to big rookie mistakes, says DataTrek’s Jessica Rabe.
Kelley Blue Book: Look for these models if you’re shopping for a used midsize SUV under $25,000
Whether you’re looking for a hybrid family SUV, a more premium option, or even something with burly V8 power, there’s a vehicle for you on this list.
Kelley Blue Book: The 2024 Infiniti QX60: A sensible choice in midsize luxury SUVs
The 3-row Infiniti QX60 is a practical midsize luxury SUV with premium features, an easily accessible third row, and impressive safety ratings.
The Moneyist: ‘Low-paying jobs are the economy’s way of saying you should get a better job’: I’ve decided to stop tipping, except at restaurants. Am I wrong?
“I’m a tradesman, and we pay for our tools, vehicles and years of training while earning zip.”
Need to Know: What Charlie Munger and Grandma Ruth taught this money manager whose portfolio is up 50% this year.
Third-generation investor Christopher Tsai, president and chief investment officer of Tsai Capital, returned 50% for clients this year. Here’s what he learned.
The Moneyist: My late brother’s three children say they should receive the same annual monetary gifts their grandmother gives to her other children. Are they entitled?
“As the person with power of attorney, I encouraged her for the past few years to give gifts to her children and grandchildren.”
Next Avenue: Baby boomers, contemplating their mortality, are taking psychedelics again
Old age can be a time of introspection, spiritual exploration and search for meaning. A carefully-planned psychedelic experience can fulfill that.
