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Consumers In Great Shape Despite, Or Because Of, Higher Interest Rates: 'Those With Cash Are Rewarded'
Friday, March 22, 2024 - 3:47pm | 805Higher interest rates may have helped consumers. That’s according to Ryan Detrick, chief market strategist at Carson Group, who asked: “We know consumers are paying more for things if they are using debt. How can this possibly be a good thing?” He answers by pointing to the...
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After Huge Sell-Offs, Have Robinhood And Peloton Become Buyout Targets?
Friday, January 7, 2022 - 12:11pm | 480It’s been a disastrous few months for shareholders of Peloton Interactive Inc (NASDAQ: PTON) and Robinhood Markets Inc (NASDAQ: HOOD). Peloton shares are down 72.6% in the past six months, and Robinhood shares are down 81.6% from their post-IPO high of $85 back in August. While both companies...
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Why Zillow Stock Is Down 20% In 2021 In The Middle Of A Housing Boom
Tuesday, August 10, 2021 - 4:37pm | 605Historically low interest rates have created a boom in the U.S. housing market in 2021. Unfortunately, shares of real estate sales platform Zillow Group Inc (NYSE: Z) are down 22.4% year-to-date, a frustrating trend for Zillow investors. A Wealth of Common Sense's Ben Carlson recently took a...
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Why Low Mortgage Rates May Be The Best Long-Term Pandemic Silver Lining
Monday, August 2, 2021 - 2:52pm | 527There’s no question the global COVID-19 pandemic inflicted a tremendous amount of economic damage around the world and negatively impacted the finances of millions of people. Ben Carlson of the blog A Wealth of Common Sense recently highlighted one silver lining from the pandemic that...
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If You're Day Trading, You Will Probably Lose Money: Here's Why
Friday, July 30, 2021 - 7:30am | 626Day trading has become a popular hobby in the past year as investors around the world were faced with economic shutdowns and social distancing measures. But while day trading may seem like a fun way to make some supplemental income or even a potential way to earn a living, studies suggest the...
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History Suggests ARK Innovation Investors Should Be Careful, Ritholtz Portfolio Manager Says
Thursday, December 24, 2020 - 1:27pm | 657The ARK Innovation ETF (NYSE: ARKK) has been a top market performer in 2020, gaining 169.7% year-to-date. Ark Investment and fund manager Cathie Wood have risen to superstardom on Wall Street this year, but Ritholtz Wealth Management portfolio manager Ben Carlson said Wednesday that history doesn...
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6 Common Pieces Of Career Advice That Are Completely Useless
Sunday, November 10, 2019 - 6:35pm | 577When it comes to career advice, sometimes knowing what not to listen to is as important as knowing what to take to heart. Ritholtz Wealth Management portfolio manager Ben Carlson recently compiled a list of common pieces of career advice that he said are completely worthless for Americans looking...
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Compounding: The Boring Key To Huge Long-Term Investing Returns
Saturday, June 1, 2019 - 11:41am | 475There’s no shortage of stock market millionaires who achieved wealth beyond their wildest dreams by making smart investing decisions. However, the vast majority of these investing success stories didn’t happen overnight. The stock market has an incredible track record of creating wealth...
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Marco Rubio The Latest Politician To Target Stock Buybacks
Tuesday, February 12, 2019 - 12:08pm | 622It’s rare to find bipartisan agreement in Washington, D.C., but GOP Sen. Marco Rubio has joined Democrats Bernie Sanders and Chuck Schumer in calling for legislation to discourage companies from investing so heavily in share buybacks. These efforts are intended to help boost job creation...
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What To Do When Life Throws You A Financial Curveball
Monday, May 29, 2017 - 8:27pm | 678Smart investors always plan for the future, whether it be managing a retirement portfolio, saving for a house or setting aside money for a child’s college education. Having a long-term financial plan certainly puts you ahead of the pack when it comes to financial security. However, when it...
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A Historical Take On What A Rate Hike Means For Bond Yields
Friday, December 9, 2016 - 2:58pm | 376The sustained assumption over the past couple of months has been that the Federal Reserve intends to increase interest rates in the next few weeks. Coupled with the European Central Bank's announcement that it will be tweaking its bond buying program in the midst of an uncertain eurozone...
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Need A Money Manager? Don't Get Blinded By Past Performance
Tuesday, July 5, 2016 - 2:12pm | 257Any investor is familiar with the disclosure “past performance is no guarantee of future success.” However, A Wealth of Common Sense’s Ben Carlson believes chasing money managers with strong past performance can be a costly mistake. “I just think far too many people in the...
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Why Financial Experts Often Have Worse Market Judgement Than Retail Investors
Saturday, June 11, 2016 - 3:39pm | 355In a new blog post, A Wealth of Common Sense’s Ben Carlson discussed the pitfalls of relying on market experts for trading ideas. Confusing knowledge with judgment can be a costly mistake, he explained. “People assume [Wall Street] professionals should have everything under control...
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This Might Be The Best Time In History To Be A Homebuyer
Wednesday, June 8, 2016 - 1:31pm | 303In a new blog post, A Wealth of Common Sense’s Ben Carlson argues that there’s never been a better time to buy a house. Surprisingly, housing prices have nothing to do with his argument. “Everything is online these days, and you can typically see 20–30 pictures of every...
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A Wealth Of Common Sense: At What Age Is It Smart To Start Claiming Social Security?
Monday, May 23, 2016 - 3:05pm | 377In a new blog post, A Wealth of Common Sense’s Ben Carlson tries to clarify the options for retirees when it comes to taking their Social Security benefits. For more than half of Americans aged 65 or older, Social Security makes up at least half of their income needs. The full retirement age...