‘I spend 5 hours a day on my portfolio’: I’m 70 and received $300K in a lawsuit. Here’s my foolproof financial plan.
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Dear Quentin,
Your response to the man who received an
injury settlement of $100,000 was on the mark. I am 70. I work part time for the U.S. Census Bureau and spend five hours a day on my portfolio. I got a settlement three times the amount of your letter writer’s settlement (clergy sexual abuse). I lost one investing year and $30,000 getting my investment legs.
Settlement recipients can go through a grieving or adjustment period that may become acute around the time the money arrives and can persist for months or even years afterwards. It’s important to find a way to manage your emotions to prevent them from damaging your financial and personal future.
Stock market’s relentless rally threatens to turn into a ‘melt-up’. What’s next.
William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms.
Private equity in your 401(k): Who is the big winner? Probably not you.
Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey Co., and is a Chartered Financial Consultant. His latest book, “Storm Proof Your Money”, was published by John Wiley Co.
Rising prices upset shoppers. Do retailers dare tell the truth about who’s to blame?
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Every time Americans check out at the grocery store, replace a household appliance or buy school supplies, they feel it. Prices are painfully high and climbing. The steady drumbeat of rising costs has become a source of frustration and fatigue — stretching budgets, limiting options and forcing tough choices about what to buy and what to skip.
The pressure may soon intensify. New U.S. tariffs apply to a wide range of imported goods, and more may follow. So far, most consumers haven’t felt the impact. Many retailers stocked up earlier in the year to get ahead of the changes, and some importers are absorbing the added costs. But these buffers won’t last indefinitely. Given the magnitude of the tariffs, price increases are coming — and when they do, shoppers will notice. Once tariffs push up prices, businesses must decide how to explain them while shoppers face higher costs with little clarity.
Stock investors’ favorite AI tools are faring much worse than the S&P 500
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Perhaps someday AI models will be a surefire way for traders to turn a profit. But that day has most definitely not arrived.
Far from it, in fact, according to a just-completed study from DayTrading.com entitled “
AI Trading Error Rates: Accuracy, Risks, and Reliability.” The study reported that leading AI models leave much to be desired. For example, they often hallucinate, even reporting “company financials that never existed.” They often returned “price data that was days or weeks old.”