Trevor Williams The 60/40 portfolio is under fire. But should investors sound the death knell for the classic investment strategy? Financial advisors and experts don’t think so — but it likely needs a tweak. “It’s stressed but it’s not dead,” said Allan Roth, a certified financial planner based in Colorado Springs, Colorado. More from Personal
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If there is one investment every person should have right now, it is a series I bond, according to personal finance expert Suze Orman. The bond’s variable interest rate is based on inflation, which means the asset currently has a high yield. The Consumer Price Index rose 8.6% in May, the highest rate since 1981.
The recent run-up in gasoline prices is now being felt nearly across the board. The national average for a gallon of gas is currently $4.94 after topping $5 per gallon for the first time ever earlier this month, according to AAA. Last year at this time, the price was $3.07 per gallon. The increase has put a severe
Suze Orman Before you get caught up in the Great Resignation and quit your job, you may want to think twice, said personal finance expert and best-selling author Suze Orman. More than 4.4 million Americans quit their jobs in April, and job openings hit 11.9 million, according to the latest data available from the U.S.
Doucefleur Rising interest rates have pushed the annual percentage rates on credit cards to new highs. The average annual percentage rate on a new credit card is now more than 20%, according to LendingTree’s tracker. It’s the first time that rates have topped 20% since the tracker began in 2018. “When you factor in that
Rohit Chopra, director of the Consumer Financial Protection Bureau, testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on April 26, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau signaled a crackdown on late fees charged by credit card companies on Wednesday, as inflation threatens to
Beyoncé released a new single, “Break My Soul,” on Monday. The song references quitting a job and employee stress, alluding to the recent Great Resignation trend. Larry Busacca | PW18 | Getty Images The Great Resignation is part of the zeitgeist. If you need proof, just ask Beyoncé. The superstar singer’s new single, “Break My
Fuel prices at a Chevron gas station in San Francisco June 9, 2022. Bloomberg | Bloomberg | Getty Images For months, drivers across the U.S. face have faced eye-popping prices when they fill up their gas tanks. Now, President Joe Biden is weighing a new remedy — a federal gas tax holiday. A gallon of
In this article AMZN Amazon Prime Day is one of the most anticipated shopping events of the year. But in 2022, shoppers may be less interested in backyard entertaining or Black Friday-type deals and more eager to score discounts on consumer staples to counteract runaway inflation. “People who want to participate in Prime Day are
Washington, D.C.-area residents Cara Baldari and her 9-month-old daughter Evie (left) and Sarah Orrin-Vipond and her 8-month-old son Otto (right), join a rally in front of the U.S. Capitol on Dec. 13, 2021. Alex Wong | Getty Images Bringing back the enhanced child tax credit with monthly checks would help lift millions of children out