Good morning. It's Thursday, April. 11 and we're covering if money buys happiness, undervalued stocks to own if you dream of retiring early, the 6% commission, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: April 10, 2024. | US stocks stumbled on Wednesday after a key inflation report showed an unexpected uptick in consumer prices last month. The Dow Jones Industrial Average (^DJI) fell about 1.1%, or almost 425 points. The S&P 500 (^GSPC) dropped nearly 1%, and the tech-heavy Nasdaq Composite (^IXIC) lost almost 0.9%.
Meanwhile, bond yields soared. The 10-year Treasury yield (^TNX) gained as much as 20 basis points on Wednesday afternoon, hitting nearly 4.57%, its highest level since November.
The moves came after government data showed the Consumer Price Index (CPI) rose 0.4% over the previous month and 3.5% over the prior year in March, an unexpected acceleration from February's 3.2% annual gain in prices.
Both measures came in ahead of economist forecasts of a 0.3% month-over-month increase and a 3.4% annual increase, according to a survey by Bloomberg. |
| |
| | |
| | Financial Maverick Insights | | | | | Can money buy happiness? Income may boost emotional well-being more than we thought | New findings contradict widely reported study that happiness plateaus at $75,000 Money does indeed buy happiness, and it increases with a bigger paycheque more than economists previously believed, a recent analysis has found.
Widely reported findings by two Nobel Prize-winning economists (new window) in 2010 cemented the idea that money could buy happiness only to a certain point — and that point was said to be about $75,000 at the time.
The newer conclusions are based on a more continuous measure of happiness, Kushlev told Cost of Living (new window). The researchers would ping their subjects' phones randomly during the day to ask them, How do you feel right now? — rating their mood on a scale from very bad to very good. So when you use this measure, there seems to be a linear relationship between income and happiness that does not level off at $75,000, Kushlev said.
3 pillars of happiness Kushlev said when researchers talk about happiness, they tend to use a term called subjective well-being, which has three components. One component is how we look at our lives overall, and that's what we call life satisfaction. And generally speaking, when we talk about income and happiness, income does relate to greater life satisfaction.
But Kushlev said what's less clear from research is how money affects the other two pillars of emotional well-being: frequent positive feelings and relatively infrequent negative feelings. |
| |
| | |
| | | | | | Undervalued Stocks to Own if You Dream of Retiring Early | Navigating the complicated stock market landscape might be intimidating for people who want to retire early. But even amid all the upheaval and uncertainty, certain possibilities are possible sources of wealth generation. Here, three such prospects are highlighted and explored as good bets for early retirement.
Uncover how these equities offer unique avenues for early retirement planning.
M-Tron Industries (MPTI)
Operating income for M-Tron Industries grew to $4.3 million in 2023 from $2.9 million the year before. M-Tron has succeeded in increasing operational efficiency and optimizing profitability, as seen in this rise in operating income, which resulted from greater sales and margin benefits from changes in the product mix. Additionally, M-Tron's engineering, selling and administrative costs as a proportion of sales have decreased from 26.6% to 25.4% in 2023, except for one-time charges related to stock-based compensation.
Canadian Solar (CSIQ)
A Canadian Solar (CSIQ) display booth at a convention in Bangkok, Thailand. As of January 2024, Canadian Solar's e-Storage business has grown its pipeline to 63 gigawatt hours (GWh). It is along with a committed backlog of $2.6 billion. Recurrent Energy has a 55 GWh battery energy storage development pipeline and a worldwide solar development pipeline of 27 gigawatt peak (GWp).
Ituran Location & Control (ITRN)
Ituran Location & Control has a solid direction and an emphasis on rapid growth prospects. The company may deliver high valuations in the long run thanks to its clear outlook. For instance, the company aims to reach $100 million in 2025 and has projected EBITDA of $90-95 million for 2024. This shows its strategic vision and dedication to ongoing expansion.
In summary, this growth rate demonstrates the company's capacity to speed up client acquisition, which is higher than the long-term historical pace seen in 2021 and prior years. |
| |
| | |
| Real Estate News |  | The Success Story of Jason Jouan: How He Built His Million-Pounds Real Estate Empire - Daily Front Row | Born on December 25th, 1994, Jason Jouan grew up in a working-class family where financial constraints were a daily reality. |
|
|
|  | Sorry, Home Sellers: The 6% Commission Isn't Going Anywhere | The settlement by the National Association of Realtors fueled speculation about the end of hefty payouts for agents. History suggests that's a misread. |
|
|
|  | These Are the Top EV-Friendly Housing Markets in the U.S. | The West Coast offers the best opportunities for finding a charge |
|
|
| | Personal Finance Tips |  | Retirement Crisis Looms, Compare Your Savings By Generation | Entrepreneur | People are retiring later, and those who don't build up significant nest eggs in the decades to come won't retire at all. See how many Americans have saved $0. |
|
|
|  | Warren Buffett Flipped His Neighbor's $67,000 Life Savings Into A $50 Million Fortune — This Would Be Worth Over $500 Million Today |
|
|
|  | Tips For Selling Your Home For More Money | Bankrate | Even in a seller's market, you can position your home to bring in the best price possible. Here are 10 home-selling tips to try. |
|
|
| | Alternative Investing |  | SkyWater Technology cancels option on land for $1.8B Indiana chip plant | Minnesota company continues to pursue federal CHIPS funding for its Bloomington facility. |
|
|
|  | Is Bitcoin's on-chain bull run momentum over? Indicator flashes red | An indicator called the Value Days Destroyed (VDD) Multiple recently spiked above 4.0, leading crypto commentators to speculate that the wider market could be nearing the end of the bull run. |
|
|
|  | When AI Investments Pay Off in Marketing | Marketing leaders are realizing gains from AI in three key areas, new research shows: increasing sales productivity, increasing customer satisfaction, and reducing marketing overhead costs. |
|
|
|
|
| | Do your AI investments pay off in marketing? | | | 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. | |
|
No comments:
Post a Comment