Millennials are becoming the largest part of the population, but how are they doing economically? In 1970, 92% of American 30-year-olds earned more than their parents did at a similar age, according to a study at Stanford. But by 2014, only 51% of 30-year-olds were doing better than their parents, and the number is still falling economists say. Why are many millennials falling far short of previous generations in terms of earning power? Steve and Sinclair have the Wall Street Journal report.
The cars of the future will be electric, connected and eventually, self-driving. But where does that leave the car industry of the future? The sharing economy is expected to cut the demand for cars further with services like Uber, Wayne, and LYFT replacing the cost of a car payment for millions of Millennials. Will the auto industry as we know it, survive? Where should investors be looking for opportunity? All major car manufacturers now have electric cars hitting the streets in the next few years, and driverless cars are expected to proliferate by 2020--just three short years from now. Steve and Sinclair have special Wall Street Journal report.
Two recent studies of over two thousand Americans nearing retirement have confirmed that Americans sill fear running out of money by five to one over their fear of death, and that the average affluent retiree spends 475 hours a year worrying or concerned about money. Steve and Sinclair have the lastest report--and the solutions!
Over 5 million people drive a truck for a living and in 29 states it is the number one occupation, not to mention truck stops, motels and other support systems for drivers. In fact, it is the highest paying job that doesn't require a college education in most states. But the trend of driverless trucks could pose a serious threat. Steve and Sinclair have the Wall Street Journal report.
Carefully selected dividend stocks have outperformed the market over many decades, and have not fallen as far during extreme bear markets. This is due to a market function known as "Yield Support." In addition, investors who reinvest dividends accumulate more shares over time automatically. Those shares, in turn, pay more dividends and eventually, the new ever growing number of shares may significantly increase wealth! There are three primary reasons that dividend stocks, as a whole, tend to do better than their non-dividend-paying counterparts. Today, Steve and Sinclair take an in-depth look at all three...
There have been some horror stories about the way that some churches, monasteries, and nunneries invest their money in the hopes of making donations grow. But others are doing quite well! Steve and Sinclair have the Wall Street Journal report on what happens after some churches pass the hat!
Once upon a time, the so-called Endowment Model of investing--mimicking the endowment funds of Harvard, Yale, and other Ivy League schools regularly outperformed the indexes. Things have changed: according to data from Harvard, which tracks 812 schools, the average endowment earned only 6.3% a year over the last 10 years before fees, compared with 6.8% for a passive 60%/40% blend of U.S. stocks and bonds. Steve and Sinclair examine the Wall Street Journal report.
Back in the 2008 real estate crash, a term called "jingle mail" developed. It was a nickname for the homeowner in mortgage default mailing the keys back to the bank, and walking away. Suddenly jingle mail is back, but this time it is the landlords and developers of large shopping malls mailing the keys back to the bank as large anchor tenants move out. It's also affecting property values around the malls. Steve and Sinclair have the Wall Street Journal report...
An $8,175 investment in Berkshire Hathaway in January 1990 was worth more than $165,000 by September 2013, while $8,175 in the S&P 500 would have grown to $42,000 in the same timeframe. Warren Buffett knows something you and I don't know about investing in stocks. Steve and Sinclair break down his approach and then professional tax preparer and Enrolled Agent, Doris Milton with H & R Block is here with tax tips for getting your taxes won, not just done!