YEAR IN REVIEW 2024 2024 felt like a sequel to 2023, with strong gains across most asset classes. The standout, though, was the uneven rally in stocks. US equities dominated, delivering nearly five times the returns of non-US stocks (in dollar terms). The Dow climbed 15%, the S&P 500 jumped 25%, and the Nasdaq led…
Since March 2022, the Fed has embarked on a series of interest rate hikes with the aim of moderating economic growth and curbing inflationary pressures. Presently, the Federal Reserve’s target range for the federal funds rate rests between 5.25% and 5.5%. Looking back, the highest-ever recorded federal funds rate occurred in March 1980, reaching a…
If you’ve recently been laid off, you’re probably concerned about the tax implications of your severance pay. You don’t need to feel overwhelmed or intimidated by the process. Severance pay is taxable in the year that you receive it. So, if you’re receiving three-months’ worth of pay, you’ll need to factor in taxes to that…
We’re living in a world of rapid change, and the rise of generative AI is transforming how we work, live, and interact. As AI technology advances and new jobs are created, existing ones are being automated, assisted, or left unaffected. But what does this mean for the future of work, life, and society? In this…
Are you self-employed and looking to start planning for your retirement? You’re in luck – there are a variety of retirement plans available to you that can offer tax advantages and cushion for your future. Knowing which retirement plan is the best fit for you can be a daunting task, so it’s important to take…
As a small business owner, understanding how to manage your finances is essential for success. Knowing the basics of financial management, including setting up a business bank account, understanding the three basic financial statements and setting up a business credit score, is an essential step towards achieving financial stability. Additionally, managing cash flow, reducing overspending,…
Are you feeling unfulfilled in your job? Do you have a passion that is not a part of your current position? If so, it may be time to consider starting your own business. Entrepreneurship can be incredibly rewarding, but it also carries risks and requires extensive planning and preparation. In this article, we’ll discuss the…
Are you tired of the same old 9-5 job in the corporate world? Are you looking for a career that offers more security and independence than your current one? If so, entrepreneurship might be the perfect option for you. With the rise of the digital economy, more people are turning to self-employment as an alternative…
While the US has not yet declared a recession, there is a significant expectation for one in the near future. This anticipation has already caused a sizeable drop in asset prices, such as US stocks (S&P 500) falling by 18% in 2022 and national real estate (Case-Shiller index) decreasing by 5% since its peak in…
Central banks’ efforts to save the global economy during the Covid-19 pandemic crisis have created an artificially strong economy, sky high inflation and asset price bubble. To fix these issues, central banks must now act quickly to reverse their simulative monetary and fiscal policies. However, so far they have been too slow to act. From…