According to Christopher Mims, Technology Editor for the Wall Street Journal, The Next Hot Job for Millennials may be: "Pretending to Be a Robot!" As the Journal points out, you will begin to see more and more robots walking down the street, or working as security guards at factories and warehouses. But its not all bad news for humans seeking jobs, because people will still be needed to operate and oversee many of the robots for at least the next ten years if not longer. And one job would involve being the brains and voice of the robots from a remote location. We have the Wall Street Journal report for you today and then Medicare expert Shelley Grandidge joins us. Don't miss it... MASTERING MONEY is on the air!!
The upside of the stock market is that it can build exceptional wealth with great liquidity. The danger is that we take on the future being reactive rather than pro-active. The risk of a market crash can never be eliminated, but it can be mitigated. The reasons to diversify are everywhere you look, but the danger is that we as investors overestimate our ability to see danger coming. We simply can't. We believe that bad things happen to other people—research confirms it over and over. There are more than seven types of risk almost every investor is taking right now, and some of that risk is at or near an all-time high. Steve will review each of those risks today and how to build, grow and protect your nest egg. You don't want to miss it. MASTERING MONEY is on the air!
We've talked about it before on Mastering Money: An emotion that can get you in trouble known as 'FOMO"… the fear of missing out. It could also be called the "Grass Is Greener" syndrome. Studies show that social media enthusiasts, consumers, AND investors all may suffer from the affliction. Nowhere in the financial world is FOMO more prevalent than with hedge funds. Many investors are jealous of those who have enough money to be in the top hedge funds like Ray Dalio's Bridgewater fund. But how successful are these hedge funds, REALLY? We'll dig into that today and review Dalio's All Weather Portfolio and show you how to build your own All Weather Portfolio better suited to your own personal financial objectives. This is a show you don't want to miss MASTERING MONEY is on the air!!!!
Today on Mastering Money...It’s a MOTLEY FOOL MONDAY!! The Motley Fool Money Show is one of the most popular stock market talk shows in America, featuring top market experts and heard by millions of listeners coast to coast—including Saturdays right here on Money Radio! After an update of the markets and today's breaking financial news stories, we'll take you to an exclusive broadcast of the Motley Fool Money Show--plus money-making and money-SAVING ideas from Steve you won't want to miss! -- MASTERING MONEY IS ON THE AIR!
American millennials are approaching middle age in worse financial shape than every living generation ahead of them, lagging behind baby boomers and Generation X despite a decade of economic growth and falling unemployment. New data show that millennials may never catch up with the generations of Americans that came before them. The Fed analyzed income, debt, asset, and consumption data and found that millennial households had an average NET WORTH nearly 40% less than Gen X households had in 2001, and about 20% less than baby boomer households had in 1989. At the same ages, Gen X men working full time earned 18% more than their millennial counterparts do now, and BABY BOOMER men earned 27% more when adjusting for inflation, age, and other variables. How could this affect YOUR retirement? Stocks may not keep their values due to weakening demand and the Social Security system may deplete faster than we thought. Today, we'll review the Wall Street Journal report. That and much more...MASTERING MONEY is on the air!!!
Eighty percent of men die married. Eighty percent of WOMEN... die single. And because many women are younger than their husbands, their period of time living alone can be five to fifteen years or longer. Add to that... the reality that women are much more likely to become care-givers for a parent and potentially their husbands at some point. Consider this statistic: In her 60s a woman’s estimated lifetime risk of developing breast cancer is one in eleven, but for women developing Alzheimers it is one in six. So not only might a woman live for a very long time in her elder years, her odds of doing it with dementia are also high. Today we'll review how more and more retired couples are re-thinking and re-engineering their portfolios to plan for the woman of the house. Don't miss it MASTERING MONEY is on the air!
The stock market continues to rise but the earnings of better companies continues to rise also, meaning you can still find good value stocks if you know where to look. That said, the stock market can be a source of GREAT wealth-building, but holds the risk that prices can fall hard, meaning you simply can’t keep ALL YOUR EGGS in that basket. In retirement, we all need a combination of income, growth, and liquidity. Because the stock and real estate markets are at all time high's, and interest rates near all time low's, many people are playing it safe right now and re-allocating their investments to better suit market conditions and their personal time horizon. Today, we'll get into the specific steps for properly re-allocating your money to make sure that you keep building retirement wealth the SMART way. MASTERING MONEY is on the air!!!
Today on Mastering Money...It’s a MOTLEY FOOL MONDAY!! The Motley Fool Money Show is one of the most popular stock market talk shows in America, featuring top market experts and heard by millions of listeners coast to coast—including Saturdays right here on Money Radio! After an update of the markets and today's breaking financial news stories, we'll take you to an exclusive broadcast of the Motley Fool Money Show--plus a timely financial update from Steve you won't want to miss! -- MASTERING MONEY IS ON THE AIR!