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The 45,000-contract swing was the biggest since March 2020 and sixth largest since euro futures contracts were launched in the 1980s. chartSimilarly, funds reduced their net short sterling position by 13,000 contracts, the biggest move in six weeks. In rates, CFTC speculators cut their net short position in three-month "SOFR" futures by 33,000 contracts to 788,000 contracts, the smallest net short in seven weeks. They reduced their net short position in 10-year Treasuries futures by 123,000 contracts, the biggest short-covering move in almost five months. And in equities, they scaled back their net short position in S&P 500 futures by 61,500 contracts to 219,500, the smallest net short in two months.

☆ Here's what Ethereum's Merge means for investors who want to generate extra cash flow from crypto staking, according to 2 industry experts
▼ + stars: | 2022-09-21 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Industry analysts have predicted that this upgrade could triple current Ethereum staking yields. Here's how staking will change in light of Ethereum's Merge — and what that means for returns. There's another reason the Merge was so important, Perfumo told Insider — eventually, it will single-handedly increase the total market cap of staked crypto assets from 25% to 30% to over 50%. Because Ethereum validators also earn gas fees, higher transaction volumes mean a higher yield. But since these exchanges effectively manage custody of a user's assets, Perfumo emphasized the importance in choosing a trusted exchange to minimize counterparty risk.

When it comes to managing your money and planning to reach long-term financial goals, understanding the language is key. This glossary of terms focused on money management, saving, investing, retirement planning, loans, and other areas of personal finance can help you decipher the jargon you're likely to encounter along the way. Conforming mortgage: A mortgage that meets the requirements to be purchased by Fannie Mae or Freddie Mac. JJumbo loan: A mortgage that exceeds the borrowing limit for regular mortgages set by the Federal Housing Finance Agency. USDA mortgage: A mortgage offered by a private bank or lender that's guaranteed by the Department of Agriculture.

Our experts choose the best products and services to help make smart decisions with your money (here's how). Pulling out of the market or pausing your retirement contributions are also mistakes. To help with that, here are the four mistakes financial advisors say you should avoid when gearing up for a potential recession. Financial planner Brendan Sheehan says that's not always the right move. Financial planner Marlene Erickson says that's especially important when a recession might be looming.

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My parents' retired friends take luxury vacations thanks to their dividend-paying stocks. I want to live like them in retirement, so I'm budgeting to invest more in dividend stocks. However, many of their friends (who are around the same age) have been retired for years and they seem to live affluent lives. While I do have some dividend-generating stocks in my SEP IRA portfolio, it's a very small amount. I'm budgeting a certain amount to invest quarterlyCurrently, I'm on a strict budget that allows me to contribute a set amount of cash every month to my SEP IRA.

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Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). I racked up some credit card debt when I had a good job. I tried to work out a plan, but the credit card companies refused. I took out a $10,000 low-interest personal loan to consolidate my credit card debt with monthly payments of $250. At one point, credit card companies were hounding me for $1,100 per month after late fees and interest.

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Inheritances are useless by the time they're received, writes Bill Perkins in "Die with Zero." Gifting money earlier when it will do the most good is a smarter move, Perkins writes. In his book, "Die with Zero," he explains how he hopes to spend all the money he has before he dies. For that reason, Perkins writes that the money could be better used earlier in life. This pattern of later-in-life inheritances is something that Perkins hopes his "Die with Zero" strategy reverses.

Persons: they're, Bill Perkins, Perkins, Bill Perkins isn't, he'd, inheritances, Inheritances, Lincoln Plews, doesn't, Get Organizations: Service, Wall, Federal Reserve, United Income, Capital Locations: Wall, Silicon

Sandy, a 63-year-old retired mother of two, exposed her sons to money at a young age. She had a similar approach when it came to teaching her kids about money, encouraging them to be self-reliant and exposing them to real-world situations. Here are five of the most important money lessons Sandy taught her boys from an early age. How to spend mindfullySandy gave each of her kids a $200 monthly allowance starting around age 10 or 11. "You can choose what you want to do, but then you don't have money leftover to do those other things.

Persons: —, Sandy, Hershey's, it's, we've, I'm Organizations: Service, Business Locations: Sandy

I have many wealthy financial planning clients, and they all share four habits. They maintain a long-term focus on their financesIt is easy to get sucked into day-to-day market swings and financial temptations. Put simply, they have a long-term plan that they keep front of mind when they are making daily decisions. However, it can be hard for us to remove the emotion from daily market swings and maintain a long-term focus. This is something my millionaire clients fully embody, and allows them to see the fruits of that pre-planning and compounding interest.

Persons: doesn't, Get, Read, Warren Buffett Organizations: Service, Federal, Berkshire Locations: Wall, Silicon, Omaha

I never seemed to be on the same page with the financial advisor we used for nearly two years. AdvertisementRecently, the investment firm we use hired a new financial advisor who took over our accounts. In our first meeting with her, we got more accomplished than we had in nearly two years with our previous financial advisor. We don't even miss that money, and we're working toward our financial goals each month like clockwork, which feels great. She also made sure to tell us when we were actually on track for our retirement savings goals, which was an amazing feeling.

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That's why I turned to five financial planners, who shared the biggest retirement saving mistakes their clients make and how we can all do better. A better solution, according to Lubinski, is to create a financial plan based on their individual retirement needs and stick to it. Advertisement"When investors get within five years of retirement, I recommend removing the first five years of their retirement income from the market completely. Making retirement savings a priority is something Crane recommends. "Just as a business plan is critical before opening a business, a retirement plan is necessary before stepping into retirement.

Persons: —, procrastinating, Phil Lubinski, Kelly Crane, Crane, it's, Patricia Stallworth, Stallworth, Jonathan Gassman, he's, Gassman, Tania Brown, Brown, Jen Glantz Organizations: Service, Co, CFP, Wealth Management, Financial, CPA, SaverLife Locations: Napa, Brooklyn , New York, Florida

If you don't need your stimulus check money now, you could consider investing some or all of it. You can choose to go through an online brokerage, automated investing app, or a financial advisor. You typically won't be able to buy options through an automated investment app, but most online brokerages offer them. You should only invest your stimulus check if you don't need the money right now. Rickie Houston is a wealth-building reporter at Personal Finance Insider who covers investing, brokerage, and wealth-building products.

A man with a $1 million net worth says his mom is his biggest financial influence. He learned about the cash-flow benefits and tax advantages of real-estate investing from her, and purchased his first rental property, a foreclosure, in 2009. In 2014, Drock and his wife bought a second rental property, another foreclosure, for $115,000. SmartAsset's free tool matches you with up to three fiduciary financial advisors in your area in minutes. SmartAsset's free tool matches you with up to three fiduciary financial advisors in your area in minutes.

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The app only offered an individual taxable investment account, but that wasn't what I needed. In a Roth IRA, I can keep whatever I put in, and whatever I earn, totally tax-free. For my goal of building long-term wealth, investing in an individual taxable investment account should probably be the last step on my financial priorities list. There's a time and a place for individual taxable investment accounts. But, while I'm saving for the long run, a Roth IRA has too many advantages to pass up.

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). Blacktower Financial Management data shows the best states for retirees are Florida, Iowa, and Ohio. SmartAsset's free tool can find a financial adviser near you »Choosing a state for retirement can be a big challenge. The lower the index number, the lower the cost of living. Here are Blacktower's 15 most affordable states for retirees, including their cost-of-living index along with the average home price and the percentage of seniors.

I was surprised when my financial advisor told me to prioritize saving for retirement over my child's college education. Contributing another $1,000 to fully fund our son's 529 college savings plan to cover the cost of a four-year college. There are other ways to pay for collegeWe won't always have to choose between our retirement savings and our kids' college education. Saving for retirement is better for your taxesAnyone actively saving for retirement is probably familiar with the tax benefits of retirement savings plans. We contribute around 50% of what we set aside for our retirement to our kids' college funds.

Warren Buffett is a skilled investor who is studied, analyzed, and imitated by many. But the "secret" to Buffett's immense wealth is simply how long he's been investing, writes Morgan Housel in his new book "The Psychology of Money." "Effectively all of Warren Buffett's financial success can be tied to the financial base he built in his pubescent years and the longevity he maintained in his geriatric years," Housel writes in his book. And if you invest money at the level of someone like Buffett, the results become "ridiculous, impractical numbers," Housel writes. High returns are nice, of course, but they're difficult to come by and not the only way to build wealth, Housel writes.

☆ Reading 2 short sentences in 'Millionaire Teacher' convinced me to change my retirement savings strategy, and it's helped me earn thousands
▼ + stars: | 2020-12-27 | by ( Alexis Rhiannon | Read More | Read Less | ) www.businessinsider.com time to read: +6 min

Four years ago I'd started saving for retirement, but I was too afraid to actually invest the money. But reading the book "Millionaire Teacher" opened my eyes: I learned quickly that I was missing out on years of compound interest. But then, two short sentences in the book "Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned In School" finally convinced me the answer was yes. "Over the past 90 years," Hallam wrote, "the US stock market has generated returns exceeding 9% annually. 'Millionaire Teacher' challenged my preconceived notions about the marketBefore I read "Millionaire Teacher," my understanding of the stock market was vague and amorphous.

She saved $30,000 in two years by following three rules. She also pays her credit cards in full every month, assuring that she never has high-interest debt. She was able to save $30,000 in two years by saving more than $1,200 a month. My mother-in-law likes credit cards and doesn't think they're bad — if used the right way. She personally has two credit cards and recommends that before we apply for new credit cards, we ask ourselves if we really need that new card.

At age 27, my dad passed away and I inherited a retirement account from him worth $50,000. I could have used the money to pay off my student-loan debt, but I would have had to pay penalties and taxes on the entire balance. Although I inherited around $50,000 and had roughly the same amount of student-loan debt, I decided to keep most of that money invested instead of paying off my loans in full, and I'm glad I did. I was working as a teacher at the time of my dad's passing and was making more than the minimum payments to more aggressively pay down my student loans. I could have kept that money invested or cashed it out to pay off the rest of my student loans, but there were trade-offs to those options as well.

I was encouraged to start saving for retirement at 24 because my job offered a 401(k) with a generous match. Pick a tax-advantaged retirement account that makes sense for your financial situation and goals, and set up automatic contributions. When it comes to retirement, saving something is always better than saving nothing, so don't be too hard on yourself if you haven't made it a priority until now. Pick a retirement account (or two)Get familiar with the features of each type of retirement account. She writes most frequently about saving money, planning for retirement, taxes, debt management, and strategies for building wealth.

The different is your FSA money is "use it or lose it," while your HSA money rolls over from year to year. The biggest difference is that FSA money has to be used by the end of the year, while HSA money rolls over from year to year. For 2021, the HSA contribution limit is $3,600 for individual coverage and $7,200 for family coverage. Remember, you can use this account for a host of eligible medical expenses, including dental and vision expenses. HSAs and FSAs are great tools that can reduce your taxes while you save for future medical expenses.

Over time, my strategy has shifted from a focus on mutual funds to a focus on exchange-traded funds (ETFs). While ETFs and mutual funds are similar in most aspects, several key benefits make ETFs a better choice for the average investor. If that sounds a lot like a mutual fund, it's because this is how mutual funds work too. Until the 1970s, virtually all mutual funds were actively managed investment funds. While there are still fewer ETFs than mutual funds, there's enough selection that your needs, like mine, are likely covered.

Americans who work with a financial adviser are more optimistic about their financial situation, despite believing a recession is imminent, according to a CFP Board survey. It's nearly impossible to recession-proof your money, but a good financial planner or investment adviser can help you protect it. AdvertisementThere's a lot of upside to working with a financial adviser, especially if you're worried about what the future holds. Seventy-eight percent of people who have a financial adviser report feeling optimistic about their personal or household financial situation. AdvertisementAt the end of the day, it's nearly impossible to recession-proof your money, but a good financial planner or investment adviser can help you protect it.

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Mortgage rates will never get this low again!" At that time, he said that he could get me a 15-year mortgage at a 2.875% interest rate. We decided that we were not ready to commit to extra monthly payments right now with our situation of increased economic uncertainty. Mortgage rates are changing again! And plus, I can take comfort in knowing that I'll never have to refinance ever again, because mortgage rates will never be this low again, right?

Persons: I've, I'm, —, we've Organizations: Fed, Service, Federal Reserve, Mortgage

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