Good News on the Job Front

After the terrible May jobs report many were speculating that it was a one time bump in the road. Now that the June job numbers are out that looks to be the case. 287,000 jobs were added in June verses the 38,000 that were added in May. The May numbers have actually been revised down to 11,000. That is not a bump in the road but rather a massive crater. Continue reading “Good News on the Job Front”

Is a Recession Coming Soon?

Short answers is maybe, long answer is it depends on who you ask. Deutsche Bank recently came out and said that the probability of a recession in the next 12 months has risen to 60%. On the other hand the New York federal reserve has come out and stated a recession is 8.1% likely in the next 12 months. The biggest issue right now is all of the contradictory opinions about the economy is causing havoc with peoples emotions. The volatility in the markets right now is a direct result of the uncertainty this news creates. There are many gloomy clouds on the horizon but no one can defiantly tells us what it all means. Continue reading “Is a Recession Coming Soon?”

Small Cents BIG Change

One of the things that commonly comes up when discussing saving and investing is the argument that you don’t have any extra money to save in order to invest. I understand completely that we have a lot of demands on our wallets these days but I want to assure you that even small amounts of money can grow into big amounts over time. Would you believe me if I told you that you could leave your loved ones a nice sized inheritance by saving and investing your pocket change? Don’t believe me, well check this out. Continue reading “Small Cents BIG Change”

Is Your Retirement Account Average?

A recent article from USA Today basically asked the question of this post. I was defiantly intrigued to read more. You often hear the magic number of one million dollars. Normally this is considered a goldilocks number. The number to shoot for in order to have a comfortable retirement. So does any age group on average actually have this amount saved? Continue reading “Is Your Retirement Account Average?”

Consumer Spending Continues to Rise

According to Reuters consumer spending increased by 0.4 percent in May and 1.1 percent in April. This strong consumer spending has led the Atlanta Federal Reserve to raise their second quarter spending growth expectations from 4.1 percent to 4.3 percent on an annual basis. Most would consider this good news since our economy is so heavily dependent on consumer spending. I have a major concern though. Continue reading “Consumer Spending Continues to Rise”

Passive vs Active Investments

According to Morningstar the trend is continuing as more and more people are moving their investments to passively managed funds from actively managed funds. In my opinion the reason is more than just lower fees. Humans have emotions, we panic, we get scared and we do dumb things because of it. Going with a passive fund not only lowers your fees but it takes away the risk of your fund manager making a bad decision. Over time it is hard to be perfect with every decision you make. Continue reading “Passive vs Active Investments”

Imperfect Switch to Visa for Costco

Costco has recently divorced American Express to hook up with a new partner in Visa. The issue is the transition hasn’t been smooth according to customers posts all over social media. My question is, when are any of these types of changes smooth? Look at how well the transition to EMV chip cards has gone. That has been a disaster since day one. Continue reading “Imperfect Switch to Visa for Costco”

T-mobile is at it Again

Everyone who was excited about getting free pizza for being a T-mobile customer will have to stay hungry. As it turns out sending 2 million customers (the number who’ve downloaded the app so far) running to Domino’s for free pizza overloaded the pizza chain. T-mobile has come up with dozens of ideas over the years to gain and keep customers but not all ideas have worked out and in this case it worked out too well. Continue reading “T-mobile is at it Again”

Yes to Brexit

In short, the markets got hammered today after the news that Britain is leaving the EU. It’s stunning to me how violently the markets have reacted to this news. All in all I don’t view this as a good or bad decision, it is too early to tell right now. And I’m certain if the story was about Greece leaving the EU, markets would have reacted very differently. Continue reading “Yes to Brexit”