Good morning. It's Sunday, Jan. 22, and we're covering what you thought you knew is hurting your money, Valentine's day gift ideas on a budget, real estate remote work, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: January 21, 2024. | Dow Jones futures rose modestly Sunday night, along with S&P 500 futures and Nasdaq futures. Tesla (TSLA), ServiceNow (NOW) and Netflix (NFLX) headline a big earnings week.
The S&P 500 and Dow Jones hit all-time highs with the Nasdaq at a two-year best. Big techs led the market rally last week week. Small caps struggled, but they did rebound from support on Friday.
Friday excepted, market breadth has been lackluster in 2024. But market leadership is robust, with a significant number of stocks flashing buy signals in the past few days with many others setting up.
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| | Financial Maverick Insights | | | | | What You Thought You Knew Is Hurting Your Money |
Making money decisions is tricky business. There's a lot we gotta think about when we're trying to build our savings or invest what little extra cash we have. If that's not hard enough, on top of that, our brains can play psychological tricks called on us called fallacies, too. In Psychology there is a fallacy called "overconfidence bias" where we start believing we know more than we actually do. We might think we've got special skills to predict which stocks will blow up or when the market's about to make a turn. But a lot of times, we end up making risky plays that don't work out how we thought.
Understanding OverConfidence Bias
Overconfidence bias is a cognitive bias that can lead investors to overestimate their knowledge, skills, and abilities in the financial markets. At its core, overconfidence bias is a cognitive fallacy where individuals overestimate their abilities, knowledge, or skills. In the realm of finance, this bias manifests when investors believe they possess a unique ability to predict market movements, time buy and sell decisions accurately, and outperform the market consistently. This overestimation often leads to excessive trading, increased risk-taking, and suboptimal investment outcomes.
There is No Such Thing as a Sure Thing
As a professional wealth advisor, I will assure you that investing has NEVER been a sure bet. No matter how smart anyone may think their takes are, the market is always unpredictable. Keeping our confidence in check helps us make wiser choices, that add up to better outcomes in the long haul.
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| | | | | | Feel the Love: The 21 Best Valentine's Day Gift Ideas for Every Budget | Valentine's Day is right around the corner! Here's a list of Valentine's Day gift ideas to buy your sweetheart.
For those who haven't formulated a list just yet, we've rounded up a collection of gifts that are outside the typical heart-shaped box of candies, jewelry or flower bouquets. From apparel to electronics, beauty and grooming, clothes, shoes and gifts for foodies, the items on our list are perfect for that special someone in your life – even if that someone happens to be you. | Valentine's Day is the perfect time to show your love — whether your'e shopping for a significant other, friend or family member. Keeping that in mind, we rounded up a few, thoughtful and useful gifts for the kitchen, bedroom and more. |
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| Real Estate News |  | Real estate industry happy to be done with 2023 | By all standards, 2023 was not a good year for real estate both on the coast and throughout the county. Frankly, the second half of 2022 wasn't so great either. |
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|  | 'Rich Dad' Robert Kiyosaki: Follow This Simple Formula For Real Estate Success | Two simple steps can help you nail down the right investment. |
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|  | Remote work affecting real estate | FOX's Joy Addison explains why this is happening. |
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| :quality(70)/d1hfln2sfez66z.cloudfront.net/01-21-2024/t_c4afef977d7740659a16ae394fd2b12a_name_ST_JOHN_PROPERTIES_TO_CLT_frame_76.jpeg) | Commercial real estate company with $5B portfolio opening regional Charlotte office |
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| | Personal Finance Tips |  | This 2024 Money Trend Exploded on TikTok. And Personal Finance Experts Love It | Loud budgeting is all about cutting your spending to maximize your saving. |
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|  | How to create a budget for 2024: First, check out how you spent in 2023 | A great way to make a household budget for 2024, financial planners say, is to look at how you spent money in 2023. |
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|  | 5 Tips to Improve Your Finances in Just 5 Minutes | Getting better with money doesn't need to take a long time. Check out these easy ways to improve your finances in just five minutes. |
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|  | Tips for efficiently heating your home while saving money | Throughout the week you may be hearing your furnace running more and more while temperatures have plummeted in parts of the state. |
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| | Alternative Investing |  | Investments, incentives, open source content for Generative AI can boost job creations | Major investments in generative AI (artificial intelligence), incentives from the government and open-source content can boost employment generation and reduce disparities in the country, say experts. |
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|  | Why Satoshi Nakamoto is smiling at BlackRock's embrace of Bitcoin | The SEC's recent decision to approve nearly a dozen bitcoin ETFs was hailed as a major win for crypto. |
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|  | Dogecoin Surges 13% Higher Following Elon Musk's X Payments Revelation | In a notable development, Dogecoin (DOGE) experienced an unexpected surge of over 10% within a mere 12 hours on Saturday, catapulting its price from $0.078 to $0.090. |
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| | Do you believe that Generative AI can boost job creations? | | | Reach Over 100,000 Financial Mavericks | Advertise with Financial Maverick to get your brand in front of the Financial Gurus in the world. The Mavericks are high-income and highly knowledge people who are always looking for an interesting product or tool. | | | Share Financial Maverick | Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! | | | DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. | |
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