Author: Press Room

Former President Donald Trump on Friday sought to distance himself from a closely aligned conservative group’s plans to radically reshape the federal government and American life should the former president win a second term. In a post to his social media site, Trump claimed, “I know nothing about Project 2025,” the name given to a playbook crafted by the Heritage Foundation to fill the executive branch with thousands of Trump loyalists and reorient its many agencies’ missions around conservative ideals. “I have no idea who is behind it,” Trump continued on Truth Social. “I disagree with some of the things they’re…

I’ve got good news: You’re antifragile. We, as humans, are antifragile. And our financial plans can be, too. Have you noticed how great books consistently refer to other great books? I’m currently reading Jonathan Haidt’s newest book, The Anxious Generation, specifically focused on how a couple of systemic parenting mistakes have seriously impacted at least one generation—Gen Z—negatively. Haidt suggests parents were simultaneously too permissive and too protective with this generation. They were too permissive with the rise of technology. In their defense, this technology was emergent, and nobody really knew how bad it could be, but both Gen Z…

Mortgage rates increased this week, approaching nearly 7% again as rates remain stubbornly high and continue to hinder the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage climbed to 6.95% this week from 6.86% last week. The average rate on a 30-year loan was 6.81% a year ago.  The average rate on the 15-year fixed mortgage also rose, jumping to 6.25% from 6.16% last week. One year ago, the rate on the 15-year fixed note averaged 6.24%. Read the full article here

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. During the week of June 24, 2024, average private student loan rates decreased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans, while rates increased for borrowers taking out 5-year variable-rate loans. 10-year fixed rate: 7.87%, down from 7.97% the…

Microsoft kicked off the second half of 2024 with a bang, with shares hitting new closing highs on Monday and Tuesday, and an intraday high Friday. Better still: They have plenty more room to run. Investors have been drawn to Microsoft for its early leadership in the fast-growing artificial intelligence space. Year-to-date Microsoft stock is up roughly 24%, compared to the S & P 500’s 15% advance. Excitement for Microsoft as an AI play, along with demand for its cloud computing business, show no signs of slowing. The company’s generative AI assistant is likely to accelerate a PC refresh cycle…

Young, wealthy investors don’t want their parents’ investments.If you’re between the ages of 21 and 43 and have at least $3 million in investable assets, your preferred investments likely aren’t your traditional mix of stocks and bonds, according to new research from Bank of America.Nearly one-third of young, wealthy investors’ portfolios are in alternative assets like hedge funds, private equity, and crypto and digital assets, according to Mike Pelzar, head of investments at Bank of America Private Bank.Meanwhile, less than half of their portfolios are in traditional stocks and bonds.Where wealthy investors ages 21 to 43 see greatest opportunities for…

When ABC News first secured its exclusive interview with President Joe Biden, the rollout plan was paint-by-numbers. But these are not normal times. So ABC accelerated its timing. Anchor George Stephanopoulos is expected to interview Biden on Friday in Wisconsin, the president’s first extended interview with a major media network since his disastrous debate performance last week that has led many in the Democratic Party to question whether Biden should be the nominee. ABC had planned to release clips Friday evening, and the whole interview would air during Stephanopoulos’ Sunday morning show, “This Week With George Stephanopoulos.” Recognizing this extraordinary political moment,…

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Investment Thesis Reaching a balance between dividend income and dividend growth is one of the main objectives of the portfolios I am documenting here on Seeking Alpha. Disproportionally overweighting high dividend yield companies in your dividend portfolio may limit the growth perspective of your dividend payments and lead to underperformance relative to the broader stock market. This can particularly be the case if one of the high dividend yield companies experiences a dividend reduction, thereby significantly impacting the Total Return of your investment portfolio. Disproportionally overweighting dividend growth companies on the other side may result in insufficient dividend income to…