Good morning. It's Friday, Dec. 29, and we're covering how to plan 2024 finances, your most trusted money advice, preparing for success in a slow market, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: December 29, 2023. | Stocks poked mostly higher on Thursday as a high-flying 2023 neared an end on Wall Street.
The S&P 500 (^GSPC) hovered near an all-time closing high of 4,796.56 for the second straight day. The benchmark average increased just 0.04% on Thursday. Meanwhile the Dow Jones Industrial Average (^DJI) added 0.14%, or about 50 points, while the tech-heavy Nasdaq Composite (^IXIC) slipped just below the flat line. Still, the Nasdaq has gained more than 44% this year.
If that holds through the final day of trading in 2023 on Friday, it would be the major average's best year since 2003. |
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| | Financial Maverick Insights | | | | | Tips on how to plan your finances for 2024 |
January isn't just about resolutions; it's a chance to plant the seeds for a prosperous year. You can make 2024 a year of smart financial decisions, which can be convenient and easy to implement.
Most experts believe that the key to financial planning is diversification based on your risk profile as well as the duration you want to remain invested for.
Diversification is one of the most important techniques in financial planning and investment. It is basically not putting all your eggs in one basket and hence aims to maximise return by investing in different areas that are likely to react differently to various market and economic changes.
There are a number of different financial instruments available for investing like stock markets, mutual funds, bonds, gold, real estate, etc., and a diversified portfolio neatly divides your assets into more than one asset class in order to reduce risk and maximize profits.
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| | | | | | Who Does Gen Z Trust Most for Money Advice? It Might Surprise You | In general, Gen Zers are up against some tough financial obstacles. They're cornered into frugality due to increasingly high costs of living, yet at the same time facing pressure to spend, in part because of the fancy exoticism and luxury frills they're taking in from influencers on social media.
Like any younger person, the typical Gen Zer can really benefit from financial advice. And they're getting it — but not from where you might think. According to a new study by Northwestern Mutual, Gen Zers, of all adult cohorts, are the most likely to consider family members as the most trusted source for financial advice.
They even trust family over financial advisors. Why is this, and is it a smart move for Gen Z — or really anyone — to make? |
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| Real Estate News |  | Starting an unlikely yet successful partnership: Real estate and sports teams - REM | Small sponsorships can go a long way, just pick a reputable league and in a sport you're passionate about. "Conversation = relationships = business" |
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|  | Stop Overthinking and Start Investing: A 4-Step Guide to Real Estate Success | White Coat Investor | Here are some steps to take if you've been overcome by analysis paralysis as you try to begin your journey into real estate investing. |
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|  | Real estate: Preparing for success in a slow market - Main Street Media of Tennessee | As you know, our world can act like a rollercoaster ride, right? Crazy highs and those not-so-fun lows. |
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|  | Why Public Advocacy Could Be Key to Commercial Real Estate Success | President and CEO of The Real Estate Council Linda McMahon shares why she feels commercial real estate leaders should stay active in city and state legislative and policy efforts. |
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| | Personal Finance Tips |  | 10 Best Free First Date Ideas To Save Money as a Single Person | Did you know that we're in "cuffing season"? This is a period of time that, according to Merriam-Webster, starts in October and lasts until just after Valentine's Day. It's when single people are... |
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|  | 19 Unique Ways to Give Cash | Stuffing cash in an envelope in lieu of buying a gift often gets a bad rap. But let's be real: Who couldn't use some extra cash? |
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|  | How to Save Money: 27 Proven Ways - NerdWallet | Save money by using an automated tool or app, getting discounts on entertainment, lowering bills and getting savvy with shopping. |
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|  | White elephant gift ideas that fit in your budget - The Vanderbilt Hustler | A white elephant gift exchange is a great excuse to take a study break, decompress with your friends and bring holiday cheer to these dreary few weeks. |
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| | Alternative Investing |  | Big Tech outspends venture capital firms in AI investment frenzy | Microsoft, Google and Amazon crowd out traditional Silicon Valley investors in blockbuster deals with AI start-ups in 2023 |
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|  | Can This Red-Hot Crypto Outperform Bitcoin Again in 2024? | One of the standout performers in the crypto market this year has been Solana (SOL 0.86%), which is up almost 1,000% in 2023. |
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|  | Elon Musk's AI and Meme Tweet Explodes Crypto Community | Tech billionaire and innovator and owner of the X social media platform Elon Musk has addressed his 167.4 million followers with a tweet dedicated to memes. |
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