Look back on the best-performing stocks in a given year and you’re likely to see a mixed bag: some mainstays, some breakouts and maybe even a meme stock or two. Not so in 2022. Each of the 10 top-performing stocks in the S&P 500 index belonged to the same sector: …
Read More »What to know about tapping your retirement savings to pay off debt
Malerapaso | Istock | Getty Images 1. Most people should avoid 401(k) withdrawals Withdrawals from 401(k) accounts before age 59½ are subject to a 10% penalty and taxes. That means if you needed $15,000, you’d have to take out close to $24,000, after accounting for those charges, according to Fidelity. …
Read More »Market’s most political stocks had a bad year. They’ll be back in 2023
Rawpixel | iStock | Getty Images You could be excused for thinking, after months of headlines about “woke capitalism” and big stock market declines, that socially-conscious investing was on the run, dogged by hostility from politicians who think that focusing on corporate governance and environmental impact means burning retirees’ money …
Read More »What a Santa Claus rally means for investors
Santa Claus looks on at the 98th Annual Christmas Tree lighting ceremony at the New York Stock Exchange on Dec. 1, 2021 in New York. Bryan R. Smith | Afp | Getty Images If history is a guide, stock investors may be poised to get a gift over the holidays. …
Read More »How to keep required minimum distributions invested in a down market
The deadline is fast approaching for mandatory retirement plan withdrawals, which may force some retirees to sell assets in a down market. But experts say there may be ways to reduce the negative effects. Required minimum distributions, known as RMDs, are yearly amounts that must be taken from certain retirement …
Read More »What to know before risking your money with online money advice
Matthias Clamer | Getty Images Resist the urge to go all in on trends In 2021, a video on cryptocurrencies would have received a ton of views on apps, Yang noted. Today, cryptocurrency videos are more niche. “The public attention isn’t really there anymore, especially after the FTX fallout,” Yang …
Read More »What to know before rebalancing your investment portfolio
After a volatile year for the stock and bond markets, it may be time to rebalance your portfolio by shifting assets back to match your original goals, according to experts. As of Nov. 28, the S&P 500 Index was down roughly 17% year-to-date, and the U.S. bond market has dropped …
Read More »The fear of loss can cost investors big-time. Here’s how
The fear of loss is a powerful emotion for investors — and, if left unchecked, can cost them big bucks in the long term due to years of forfeiture of investment gains. That fear is a natural product of human evolution. Our brains are hardwired to detect risks — a …
Read More »Lesser-known ways to reduce your 2022 tax bill or boost your refund
Charles Taylor | Getty Images 1. If your income is higher in 2022, defer your bonus into 2023 If you’ve had a strong year and expect lower earnings in 2023, you may try to defer a holiday bonus until the new year, experts say. “It’s always exciting to reap the …
Read More »End of a winning week on dovish Fed bets
Stocks open little changed ahead of short trading day Stocks opened little changed on Friday ahead of the short trading day as Wall Street looks to close out a winning holiday week. The Dow Jones Industrial Average rose 19 points, or 0.09%. The S&P 500 lost 0.03% and the Nasdaq …
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