Author: Press Room
Introduction As mentioned in some of my previous articles, I’m trying to add some duration to my fixed income portfolio. Preferred shares are an important part of my income-focused portfolio, but I am keeping close tabs on the financial performance of the issuers on a quarterly basis, just to make sure I can take action if/when there’s a need to fine-tune my positions. My objective is to review these investments on a quarterly basis, which is even more important for the non-cumulative preferred shares (where preferred dividends can be skipped). Although that’s not a major concern of mine, as the…
Donald Trump warned that Christianity in America would be left “in tatters” if Joe Biden were re-elected for a second term as he called on Saturday for evangelicals to vote for him in record numbers. Speaking at a conference of influential evangelical leaders in Washington, the Republican former president accused the “radical left” of “silencing” Christians, endorsed the display of the Ten Commandments in public schools and at one point said he had “wounds” all over his body from political persecution. “If I took this shirt off, you would see a beautiful, beautiful person. But you would see wounds all…
This article is for those individuals who are single and have never been married. Most articles written about Social Security claiming strategies address the analysis for a married couple. This is simply because planning for married couples revolves around these 3 criteria: Maximize the high earner Social Security benefit. Coordinate the benefits between the spouses. Maximize the Social Security survivor benefit. If you are currently single and have been married, you will follow the criteria above. For those who have never been married, items #2 and #3 do not apply, so your planning strategy is different. Your planning is different…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of June 6, which is 0.250 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
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Investment Thesis We already know memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU) is benefiting from the AI enterprise wave. With more enterprises increasingly deploying AI in their operations and services, the company is taking advantage of the growing need for high-performance memory technology. Their latest financial forecasts reflect a significant uptick in demand, with revenue projections for the financial 3Q 2024 marked between $6.4 billion and $6.8 billion, higher than the anticipated $5.99 billion. Powering this, Micron released their HBM3E products to respond to the high-bandwidth memory (HBM) market demand, which requires rapid data processing capabilities to handle complex algorithms…
The US Supreme Court has upheld restrictions on the use of firearms by individuals subject to domestic violence restraining orders, in a closely watched case that has weighed in on the balance between gun rights and public safety.In an 8-1 decision, the high court’s majority on Friday argued that barring individuals who threaten others’ safety from keeping firearms does not violate the US constitution’s second amendment, which protects the right to bear arms.“Since the founding, our nation’s firearm laws have included provisions preventing individuals who threaten physical harm to others from misusing firearms,” John Roberts, the court’s chief justice, wrote…
Retirement waits for no one; it’s coming fast for the youngest Baby Boomers and oldest Gen-Xers. The stark reality is many people are not ready, and studies show more than half of us wish we’d saved more and had a solid retirement plan. With retirement looming, financial stress is a constant companion for 57% of people, according to PwC, and 63% of us can’t cover a $500 emergency expense, let alone think about retirement. One natural stress response is what psychologists refer to as a defense mechanism—chief among them is rationalization. Rationalization is when we cope with something that causes…
Mortgage rates dipped just under 7% this week after crossing above that threshold in the prior reading as rates remain stubbornly high, stifling the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.99% this week from 7.03% last week. The average rate on a 30-year loan was 6.71% a year ago. The average rate on the 15-year fixed mortgage also decreased to 6.29% from 6.36% last week. One year ago, the rate on the 15-year fixed note averaged 6.07%. Read the full article here
