Month: December 2020

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Trading Ideas

All About the Many Different Types of Retirement Plans

December 1, 2020 admin Comments Off on All About the Many Different Types of Retirement Plans

There are many different types of retirement plans out there. And yet an estimated 64% of Americans aren’t prepared. What’s even worse is that nearly half don’t seem to care. And relying only on social security in retirement is a recipe for disaster.
For average earners, social security replaces about 40% of pre-retirement income. And you better believe that’s not going to cut it for most seniors. A more realistic figure is that folks need around 80% of their pre-retirement income to get by.
The 80% “rule” comes from the fact that in retirement, you won’t be paying payroll taxes towards social …read more […]

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Trading Ideas

Bet on Big Money’s Favorite Asset Class for 2021

December 1, 2020 admin Comments Off on Bet on Big Money’s Favorite Asset Class for 2021

It’s that time when Wall Street sets out its big ideas for the coming year.
And the verdict is in.
For 2021, emerging markets are the place to be.
Bank of America recently surveyed fund managers collectively holding $526 billion in assets.
More than half of leading fund managers interviewed indicated emerging markets – after a decade in the doghouse – are their favorite asset class for the coming year.
As if on cue, the MSCI Emerging Markets Index shot up nearly 13% in November.
Emerging markets equity funds have already attracted almost $14 billion in the past two weeks.
Emerging markets specialist Renaissance Capital was almost …read more […]