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Here’s how much you should save to retire with $150,000 a year

Image source: Getty Images Whether you like it or not, retirement is closer than you think. Key points The earlier you start planning for your retirement, the better your chances of achieving your goals. Planning to live with a guaranteed income can ease the stress of planning for retirement. Living with a guaranteed income means …

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The United States Just Made a Big Decision About Chinese Solar Power - Here's What It Means

The United States Just Made a Big Decision About Chinese Solar Power – Here’s What It Means

The U.S. Department of Commerce (DOC) has determined that four of the eight Chinese solar companies it investigates are “attempting to circumvent U.S. duties by performing minor processing in one of the Southeast Asian countries before shipping in the USA”. Here’s what that means for the US solar industry. December 5 update: One of the …

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December tends to be a strong month for the market.  Here's how our stocks have performed recently

December tends to be a strong month for the market. Here’s how our stocks have performed recently

Seasonal trends are an often-discussed topic on Wall Street, especially at this time of year as the market approaches the so-called “Santa Gathering” window in late December. This year’s bear market certainly has investors hoping for a bit of holiday cheer. So we thought we’d take a look at what the Santa’s Rally phenomenon is …

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Can't max out your IRA by the end of 2022?  Here's why you don't have to worry

Can’t max out your IRA by the end of 2022? Here’s why you don’t have to worry

(Maurie Backman) When it comes to retirement savings, IRAs are a mixed bag. On the plus side, they usually come with more investment options than you’ll find in a 401(k) plan. For example, with IRAs, you can invest in individual stocks, whereas 401(k) plans generally don’t let you do that. But picking stocks by hand …

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Are you finding the market difficult at the moment?  Here's how young investors can be smart with their money

Are you finding the market difficult at the moment? Here’s how young investors can be smart with their money

“Stock markets will periodically experience losing streaks […] and every investor will experience it from time to time,” one personal finance expert told CNBC’s Make It. xavier lorenzo | time | Getty Images Investing was hot earlier in the Covid-19 pandemic – stock markets boomed, as did retail investing apps, meme stocks and cryptocurrency. Trading …

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Former FTX users say the crypto exchange's failure was a "Ponzi scheme".  Here's how it works and what we know about how Sam Bankman-Fried works

Former FTX users say the crypto exchange’s failure was a “Ponzi scheme”. Here’s how it works and what we know about how Sam Bankman-Fried works

Until recently, Sam Bankman-Fried, or SBF, was crypto’s golden boy, known for turning his cryptocurrency exchange, FTX, into a $32 billion giant in just two years. But the disheveled, left-leaning 30-year-old was living a lie. SBF, who claimed to be a minimalist philanthropist, had used client funds to prop up his failing crypto empire and …

Former FTX users say the crypto exchange’s failure was a “Ponzi scheme”. Here’s how it works and what we know about how Sam Bankman-Fried works Read More »

In your twenties? Here’s how to become a millionaire before you hit 40

Image source: Getty Images Becoming a millionaire before 40 is not as impossible as it seems. Key points Becoming a millionaire earlier in life isn’t easy, but it’s within reach in your twenties. You would need to aggressively cut costs and look for high income jobs so you could invest a lot each month. Even …

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