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☆ GameStop, AMC rallies like 'watching a sitcom on repeat,' expert says. Here are the risks to monitor
▼ + stars: | 2024-05-14 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Spencer Platt | Getty ImagesShares of AMC Entertainment and GameStop have surged once again in a new "meme stock" rally triggered by social media. A social media account named "Roaring Kitty" posted an image for the first time in three years, prompting the trading frenzy. The man purportedly behind the Roaring Kitty account helped lead a meme stock frenzy between 2020 and 2021. watch nowIn some ways, this time differs from when the stocks surged during the Covid-19 lockdown. Roaring Kitty gives the impression that a guy is in his basement trading stocks instead of big investors like hedge funds and investment banks, he said.

Persons: Spencer Platt, Kitty, Dan Egan, Egan, aren't, Roaring Kitty Organizations: New York Stock Exchange, Getty, AMC Entertainment, GameStop Locations: New York City, Las Vegas

☆ Americans are spending more on travel and live entertainment. But their personal saving rate has taken a dip.
▼ + stars: | 2024-03-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Four years later, American consumers have mostly moved on from the pandemic and are spending more on experiences than ever before. Prioritizing experiences, however, has led to a major shift in their financial lives: The personal saving rate in the US has declined considerably. In 2023, consumer spending on foreign trips and live entertainment rose by nearly 30 percent, according to the newspaper. Related storiesAt the same time, perhaps predictably, the US personal saving rate has declined, according to the bureau. In February, the personal saving rate was 3.6 percent, a drop from 4.1 percent the month before.

Persons: —, Ulrike Malmendier, Malmendier Organizations: Service, Business, Washington Post, University of California Locations: Berkeley

☆ Bitcoin, AI and Magnificent 7: The emerging ETF trends as industry gathers for big conference
▼ + stars: | 2024-02-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +9 min

To grow, the ETF industry has to expand the offerings of active management and devise new ways to entice investors. The big topics in 2024: Bitcoin, AI, Magnificent 7 alternativesIn 2024, the industry is betting that the new crop of bitcoin ETFs will pull in billions. Financial advisors are divided on whether to jump inTen spot bitcoin ETFs have successfully launched. Inflows into bitcoin ETFs to date have been modest, but bitcoin ETFs are being viewed by some advisors as the first true bridge between traditional finance and the crypto community. Jason Pereira, senior partner & financial Planner, Woodgate Financial, is speaking on how financial advisors are using artificial intelligence.

Persons: Matt Hougan, Steve Kurz, David LaValle, Ric Edelman, Edelman, Gary Gensler's, bitcoin, Jason Pereira, Pereira, Roundhill's, Alex Zweber, Eric Veiel, Rowe Price, Brian Portnoy, Neil Bage, feely Organizations: ETF, LIV, Miami, Super, Advisors, JPMorgan, bitcoin, Galaxy, Edelman, Digital Assets, Financial Professionals, SEC, Apple, Microsoft, NVIDIA, China ETF Locations: Fontainebleau, Miami Beach, China, bitcoin

☆ No emergency fund? These tips can help you build savings and find extra cash in your budget, advisors say
▼ + stars: | 2024-01-30 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

If you're like most people, you may not have an emergency savings fund. It's not necessarily our fault, experts say, as our brains are programmed to focus on our needs today. He and other financial advisors typically recommend having at least three to six months' living expenses set aside in case of an abrupt change in income or unexpected event. At that point, it doesn't feel like as much of a stretch to set aside 20% of your income toward retirement and 5% toward an emergency fund. Financial advisors often see this barrier to savings with their clients and have their own tactics for nudging clients to set aside more cash and free up flexibility in their budgets.

Persons: It's, We're, Brad Klontz, CNBC.com, Klontz Organizations: Finance, CNBC FA

☆ Having too many options can paralyze investors. Here's how you can overcome 'choice overload'
▼ + stars: | 2024-01-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Humans get overwhelmed by too many options, a behavioral finance concept known as "choice overload." How investors encounter choice overloadChristopher Ames | E+ | Getty ImagesIt's not just investing: The choice paradox can extend to things like ice cream flavors and apparel, for example. Given these behavioral biases, retailers and others have evolved, making it less likely consumers will experience choice overload "in the wild" today, said Dan Egan, vice president of behavioral finance and investing at Betterment. Do-it-yourselfers may have about one to two dozen investment options, at most, from which to choose, reducing the choice friction. If you don't give people an easy choice, "it's really hard for them," Blanchett said.

Persons: Philip Chao, Brian Scholl, David Blanchett, Samantha Lamas, Christopher Ames, Sheena Iyengar, Mark Lepper, Dan Egan, Egan, that's, Blanchett Organizations: Sdi, U.S . Securities, Exchange Commission, Investor, Morningstar, Finance Locations: John , Maryland

☆ 'Loud budgeting' is mentally and financially 'healthy,' says expert—and it's good etiquette too
▼ + stars: | 2024-01-29 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

A number of stories emerged recently explaining the rise of a new viral money trend on TikTok: loud budgeting. And as long as you do it right, loud budgeting shouldn't ruffle feathers in your social circles either, says Diane Gottsman, an etiquette expert and founder of the Protocol School of Texas. "Loud budgeting is just another way of saying open communication," she says. Why loud budgeting is healthy financial psychologyGood money management requires two types of literacy, Portnoy says. The etiquette of loud budgeting: Be positive, but don't overshare

Persons: TikToker Lucas, I've, Buzzfeed, Brian Portnoy, Diane Gottsman, Portnoy, you've Organizations: Protocol, of Texas

☆ Here’s where to invest $50,000 in the new year, according to the pros
▼ + stars: | 2024-01-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

The S & P 500 rose 24% in 2023, ending the year just shy of a record closing high. The highest S & P 500 target on the Street calls for 8.7% upside from Thursday's close. A fund with exposure to small and midcap semiconductor stocks is the SPDR S & P Semiconductor ETF (XSD) . Exposure to this space can be obtained through the SPDR S & P Health Care Equipment ETF (XHE) . For these investors, Bailey likes Berkshire Hathaway , calling it a counter-cyclical sitting on a ton of cash.

Persons: Larry Adam, Raymond James, Robert Kaplan, Steven Wieting, Wieting, there's, Mike Bailey, — Bailey, Bailey, They're, Berkshire Hathaway, Eli Lilly, they're, Jack Ablin, Ablin, Rowe Price Organizations: Nasdaq, Dow Jones Industrial, CNBC Pro's, Survey, National Association for Business Economics, Dallas Federal, CNBC, Bank of America, Fed, CNBC Pro, Citi Global Wealth, Nvidia, Meta, Microsoft, P Semiconductor, P Health Care, FBB Capital Partners, Corporate, Aggregate Bond, Berkshire, Essex Property Trust, Federal Realty Trust, Rowe Price Group Locations: Essex

☆ 'The Psychology of Money' author Morgan Housel gives advice to investors afraid of market downturns
▼ + stars: | 2023-12-03 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

The author behind the best-selling book "The Psychology of Money" is trying to relieve investor anxiety over market downturns. "Realizing how inevitable it is makes it more palatable to deal with when you go through it," author and behavioral finance expert Morgan Housel told CNBC's "ETF Edge" recently. He also advises investors to always have a plan for surprise events because they can catch the market off guard. Housel added these surprise events, such as natural disasters and pandemics, tend to be all that matter in market shakeups. But just as the market eventually stabilizes, even times of calm can also "plant the seeds for crazy."

Persons: Morgan Housel, CNBC's, Housel Organizations: Collaborative Fund Locations: Housel

☆ Here's how three educators are teaching financial literacy in Nashville-area schools
▼ + stars: | 2023-11-30 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Michael Morrow Courtesy: Michael MorrowAs Americans grapple with economic uncertainty, educators in Nashville, Tennessee, are preparing high school and middle school students with personal finance courses that many of their parents never had. Currently, 23 states, including Tennessee, guarantee at least one semester of personal finance before high school graduation, according to Next Gen Personal Finance. 'I think it's going to be life-changing for them'Teresa Helms Courtesy: Teresa HelmsWhile personal finance isn't required for middle school students, Teresa Helms, 45, recently began teaching My Classroom Economy, a financial literacy program. Since 2018, nearly 8,900 Tennessee students have used My Classroom Economy and more than two-thirds of teachers have reported a boost in students' financial skills, according to the Tennessee Financial Literacy Commission's 2022 annual report. Shelly Lott Educator at Northeast Middle School

Persons: Michael Morrow, It's, Morrow, Teresa Helms, I'm, Helms, Shelley Lott, Shelly Lott, Lott Organizations: Finance, Tennessee, Southeast High School, Financial, Rose Park Middle School, Northeast Middle, Middle Locations: Nashville , Tennessee, Tennessee, Alabama , Iowa , Mississippi , Missouri, North Carolina , Utah, Virginia, Nashville, Clarksville , Tennessee

☆ Stick with bond funds and cash? ETF experts rethink popular portfolio strategies for 2024
▼ + stars: | 2023-11-24 | by ( Anna Gleason | ) www.cnbc.com time to read: +3 min

As of Wednesday's market close, though, the 10-year note fell to 4.408%, while the 100 largest taxable money market funds tracked by Crane Data have an average yield of 5.20%. In addition, nearly $1.2 trillion has flowed into money market funds this year through Nov. 15, compared to $264 billion into bond funds and $43 billion in U.S. equity funds, according to Goldman Sachs. In the meantime, Bartolini said clients willing to take on more risk should look to shorter-duration bond funds. The iShares 1-3 Year Treasury Bond ETF (SHY) that tracks shorter-duration notes has gained 0.22% this year as of Wednesday's close. The iShares U.S. Treasury Bond ETF (GOVT) , which has exposure to Treasurys ranging between 1 and 30 years in duration, was down 1.85% during the same period.

Persons: Dan Egan, CNBC's, Goldman Sachs, Matt Bartolini, Bartolini, Egan, it's Organizations: Federal Reserve, Behavioral Finance, Treasury, Crane Data, SPDR, SPDR Americas Research, Street Global Advisors, Treasury Bond ETF Locations: SPDR Americas, U.S

☆ "Scared money" sticking in cash & bonds
▼ + stars: | 2023-11-20 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email"Scared money" sticking in cash & bondsMatt Bartolini, SPDR Americas Research head, and Dan Egan, Betterment Behavioral Finance & Investing vice president, join CNBC's Kate Rooney on "ETF Edge" to discuss if the growing appetite for bonds can continue and how investors can position themselves if they want to start taking money off the table.

Persons: Matt Bartolini, Dan Egan, CNBC's Kate Rooney Organizations: Americas Research, Finance Locations: Americas

☆ How artificial intelligence could be used in ETFs
▼ + stars: | 2023-11-20 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow artificial intelligence could be used in ETFsMatt Bartolini, SPDR Americas Research head, and Dan Egan, Betterment Behavioral Finance & Investing vice president, join CNBC's Kate Rooney on "ETF Edge" to discuss how artificial intelligence could be incorporated into investing and the ETF space.

Persons: Matt Bartolini, Dan Egan, CNBC's Kate Rooney Organizations: Americas Research, Finance Locations: Americas

☆ Huge month for active management
▼ + stars: | 2023-11-20 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuge month for active managementMatt Bartolini, SPDR Americas Research head, and Dan Egan, Betterment Behavioral Finance & Investing vice president, join CNBC's Kate Rooney on "ETF Edge" to discuss the growth in active funds and if there is still more opportunity in the passive investing strategy.

Persons: Matt Bartolini, Dan Egan, CNBC's Kate Rooney Organizations: Americas Research, Finance Locations: Americas

☆ These behavioral traits lead to greater retirement savings, research finds. Yet only 10% of workers have them
▼ + stars: | 2023-11-14 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

People who find it easiest to financially prepare for retirement have four behavioral traits, a new survey shows. Yet just 10% of workers have all of these "optimal" characteristics, according to the survey findings, from Goldman Sachs Asset Management in collaboration with Syntoniq, a behavioral finance research organization. The behaviors help retirement savers turn their intentions into action, according to the July survey of 5,261 workers and retirees. Previous Goldman Sachs research has found competing life priorities — such as the need to pay down student loans, provide care for other family members or other financial hardships — may reduce workers' retirement savings by up to 37%. The research led to the discovery of the four traits, which are "not inherently things that you would think about for retirement," Ceder said.

Persons: Syntoniq, Goldman Sachs, Gen Z, Chris Ceder, Ceder Organizations: Goldman Sachs Asset Management, Finance, Research, Greenwald Research

☆ There’s a connection between workers’ mental health and retirement, emergency savings, research finds
▼ + stars: | 2023-10-26 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

In this article T-CA Follow your favorite stocks CREATE FREE ACCOUNTNicoletaionescu | Istock | Getty ImagesFinancial strain associated with anxiety, depressionAcademic research has also highlighted a connection between mental health and retirement savings. Admittedly, it may be difficult to identify whether mental health conditions lead to poorer financial outcomes, or vice versa. The research from Telus Health points to strong relationships between financial preparedness and mental health. Emergency savings can affect mental healthWhether workers have emergency savings set aside was another factor that led to higher or lower mental health scores, Telus Health found. "Not having emergency savings was one of the biggest factors in terms of people's mental health," Allen said.

Persons: There's, Brad Klontz, Klontz, Allen Organizations: Istock, Getty, Cornell University, Medica Research, CNBC, Council, People, Telus Health, Workers

☆ Risk-taker’s market? Why it may be practical to take chips off the table
▼ + stars: | 2023-10-14 | by ( Meredith Mutter | ) www.cnbc.com time to read: +2 min

Investor and personal finance author Ric Edelman believes it's a practical strategy to take chips off the table right now. He includes struggles in the real estate market, high interest rates, government shutdown risks and the Israel-Hamas war. "We're seeing increased interest in short-duration fixed income," said the firm's head of global product strategy and development. Framsted speculates the investors are making the move to short-duration funds in response to the volatility of today's market. "We're seeing interest among our client base who tend to be longer-term oriented in nature across the full spectrum.

Persons: Ric Edelman, it's, CNBC's, Edelman, there's, I've, I'm, You've, Holly Framsted, Framsted Organizations: Investor, . Treasury, The, Core, Capital Group Locations: Israel

☆ People are 'increasingly tired' of 'guilt tipping,' expert says—but no one wants to feel 'like a jerk or cheapskate'
▼ + stars: | 2023-10-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

As touch screens and pre-selected options make tipping more convenient, around 60% of Americans say they're tipping more, according to a recent LendingTree survey. Guilt tipping, explainedNearly a quarter of people say they always feel pressured to tip when the option is presented, according to LendingTree's survey. "It's happening all over the place, and people are getting increasingly tired of it," he says. "People don't want to feel like a jerk or cheapskate," he says. It's worth noting that the business doesn't always decide which tip options you're presented with.

Persons: it's, Matt Schulz, LendingTree's, Schulz, doesn't, Dan Egan Organizations: CNBC

☆ Morgan Stanley's training course to work with super-rich clients has a 40% first-time failure rate. Execs shared an example of a case study that caps the program off.
▼ + stars: | 2023-08-16 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Each year, some 100 Morgan Stanley advisors take a course to earn the family wealth director title. Morgan Stanley executives Alex Chester and David Bokman share what trips up advisors the most. Every year, about 100 advisors at Morgan Stanley take an exam in order to work with high-net-worth families. "We don't have a requisite number that we're looking to put through the program," Alex Chester, who runs the bank's family wealth director program, told Insider. David Bokman, Morgan Stanley's head of family office resources, and his team, pretend to be a high-net-worth client and their accountant or attorney.

Persons: Morgan Stanley, Alex Chester, David Bokman, Chester, Morgan Stanley's, Bokman Organizations: Advisors

Darya Komarova | Moment | Getty Images'The dots need to be connected for consumers'Exposure to our older selves is only part of the process of making decisions for retirement, experts say. While the TikTok filter has recently made it popular to look at our future selves, this type of application has been around since the early 2000s, said Joseph Coughlin, director of the Massachusetts Institute of Technology AgeLab. Once people see an image of their older selves, they tend to feel differently about their future decisions. Successful, lasting behavioral changes typically come with incentives to work toward, such as saving money or exercising, Coughlin said. Pairing the videos with prompts to save more money or invest more toward retirement may be effective, according to UCLA's Hershfield.

Persons: Darya, Joseph Coughlin, Coughlin, UCLA's Hershfield, Hershfield, Victor Ricciardi, Ricciardi, Carolyn McClanahan, Drazen Zigic Organizations: Massachusetts Institute of Technology AgeLab, Ursinus College, Behavioral Finance, Planning Partners, CNBC FA, Istock, Getty Locations: Jacksonville , Florida

☆ Smart money moves for new grads
▼ + stars: | 2023-05-10 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

Know what your means areFigure out how much money you bring in, how much you spend and how much you save. Don’t count on money you don’t have yetYou’ve heard you’ll be paid a bonus. But until it does, don’t spend it in advance because you have no control over when it will come or how much you’ll get. Clements recommends having just two credit cards: One with a low credit limit (e.g., $1,000 to $2,000) that you use as your “walking around” card for purchases. Plus it helps your credit score because you will never charge too high a percentage of your total credit limit.

☆ If you're worried about market volatility, here's how this advisor says you should handle the stress
▼ + stars: | 2023-04-06 | by ( Andrew Osterland | ) www.cnbc.com time to read: +4 min

Behavioral finance tells us we are inherently bad investors, prone to making decisions based on emotions rather than evidence and self-interest. "We may think we're making rational decisions, but we're usually not," added certified financial planner Maurer, who is also a member of the CNBC Financial Advisor Council. By the time that most people react to events in the market, the market has already priced in the risk. "When it feels like the market is at a top, it's not unnatural to think about changing your investment strategy. "They are more likely to look through stock market volatility and do a better job investing for their future."

☆ Why our brains are hard-wired for bank runs like those that toppled SVB, Signature
▼ + stars: | 2023-03-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Rebecca Noble | AFP | Getty ImagesCustomer fear became a self-fulfilling prophecyOur brains are hard-wired for a bank run. Last week, bank customers saw their peers run for the exits; sensing danger, that herd mentality meant they also rushed to withdraw their cash. More from Personal Finance:What small businesses should look for when choosing a bankWhat Signature Bank, Silicon Valley Bank failures mean for consumers and investorsWhat to know about FDIC insuranceWhy the bank run on SVB seemed 'rational' for someThere are firewalls against this kind of behavior. The Federal Deposit Insurance Corporation, or FDIC, backstops bank customers' savings up to $250,000. "If you don't rationally understand the way the market interprets signals, you can make a mistake like Silicon Valley Bank," Shefrin said.

☆ Overconfidence can be 'a pathway to poor portfolio performance,' says chief investment officer. How to check your ego
▼ + stars: | 2023-01-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

"It's very easy to have an impression of, 'Actually, I know a lot and haven't been proven wrong,'" Egan said. For example, investors can fall prey to "confirmation bias," whereby they seek out evidence in social media circles that confirms a previously held but potentially false belief. When an investment is trendy, 'start watching yourself'Overconfidence bias in investing tends to manifest most often with get-rich-quick type investment decisions, Egan said. "That's when you need to start watching yourself," he said. Similarly, overconfidence may lead rushed investors to accidentally buy the wrong stock, Egan said.

☆ Think you've got investing skill? Your overconfidence may be costly
▼ + stars: | 2023-01-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Fuse | Corbis | Getty ImagesWhen it comes to investing, you may know less than you think — and that overconfidence may be costly. But "overconfidence bias" — the behavioral principle of overestimating one's financial acumen — can have damaging results. "It's very easy to have an impression of, 'Actually, I know a lot and haven't been proven wrong,'" Egan said. Similarly, overconfidence may lead rushed investors to accidentally buy the wrong stock, Egan said. However, investors inadvertently bought the wrong stock — the Tesla and SpaceX CEO was referring to the encrypted messaging app Signal, whereas Signal Advance is a small component manufacturer.

☆ How to be a better investor in 2023
▼ + stars: | 2023-01-05 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —If you’re planning to invest your hard-earned money in stocks, bonds and other assets this year, let humility be your guide. In response, stocks and bonds, which typically don’t move in the same direction, moved down in tandem in 2022, with both ending the year deep in the red. Ignore the noiseWhether 2023 is great or awful for stocks — or, more likely, both at different times — that shouldn’t sway your investing decisions. Given recession concerns, Wilson noted that value stocks, which represent companies with strong fundamentals but are considered underpriced, tend to perform better during economic downturns. For those with a long time horizon and a high tolerance for risk, Wilson suggests looking for buying opportunities among stocks that have been hammered.

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