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☆ Gen Z, here's how to craft the best retirement plan starting now: 4 financial experts share their best tips and tricks
▼ + stars: | 2024-10-26 | by ( Christine Ji | ) www.businessinsider.com time to read: +8 min

For Gen Z, retirement is 40 or 50 years away, but now is the perfect time to start saving. Four financial experts shared their top strategies to kick-start retirement savings. Or, it may seem difficult and anxiety-inducing, especially as Gen Z juggles student loan debt, high costs of living, and a tough job market. AdvertisementBusiness Insider asked four wealth advisors for their best tips and tricks on how Gen Z can maximize their retirement savings, starting now. Basic budgeting strategies, such as keeping housing costs at 30% or lower of your total paycheck, can also create a strong foundation for retirement savings, Crowell said.

Persons: —, Zers, Z, Gen Z, there's, Andrew Crowell, Davidson, Crowell, Zer, Gen Zers, Ayako Yoshioka, Yoshioka, Roth, haven't, Ashley Weeks, Weeks, Alanna Morey, Morey Organizations: Service, Social Security, Bank of America, D.A, Roth IRA, Equity, Bank

☆ 4 ways to add gold to your portfolio as investors pile in and send prices to record highs
▼ + stars: | 2024-10-24 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Below, two gold experts share four ways investors can add gold to their portfolios. AdvertisementIn general, physical gold is a less liquid way to own the asset and is quite costly. Synthetic gold ETFs don't hold physical gold, investing instead in gold derivatives such as futures and options. In Milling-Stanley's opinion, investing in mining stocks instead of directly investing in gold erodes some of the metal's portfolio protection, as mining stocks behave more in line with the general equity market. Royalties limit the holder's exposure to the risks associated with directly investing in mines, such as exploration, development, and regulatory compliance.

Persons: —, Jeff Muhlenkamp, they'll, George Milling, Stanley, Muhlenkamp Organizations: Service, Costco, Muhlenkamp & Company, State Street Global Advisors, Trust, MiniShares, Mining, Eagle Mines, Newmont Mining Corp, Wheaton Precious Metals Locations: Franco, Nevada

☆ Why inflation isn't returning to pre-pandemic levels — and 3 trades to capitalize on an overheating economy
▼ + stars: | 2024-10-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

The central bank has been aiming to keep the long-run inflation rate at this level to maintain stable prices and a healthy economy. "There is now a higher base inflation rate than there was before COVID for a number of reasons." Related storiesBut there are other factors contributing to an increased long-term inflation rate, many of which Blitz tracked even before the pandemic. AdvertisementChanging demographics in the workplace are also driving increasing debt and higher long-term inflation, according to Blitz. In Blitz's perspective, all of these factors add up to an inflation rate exceeding 2% going forward.

Persons: isn't, Steven Blitz, —, Mark Higgins, Blitz, Bonds Organizations: Service, Fed, stoke, Blitz, Technology, iShares Semiconductor, Index

☆ Home insurance premiums are projected to skyrocket up to 14% this year in these 13 states as climate change causes an 'insurance crisis'
▼ + stars: | 2024-10-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Homeowners everywhere are feeling the impact as home insurance premiums skyrocket. Here are the top 13 states where home insurance premiums are expected to increase the most in 2024. As hurricanes become more severe, neighboring states such as Alabama are seeing big increases in insurance prices. Even so-called "climate havens"— typically Midwestern states insulated from severe hurricanes and wildfires — aren't safe from a climate or insurance crisis. Listed below are the 13 states with climate-induced insurance crises and their projected home insurance rate increase in 2024, according to Insurify.

Persons: Hurricanes Milton, Helene, it's, Insurify Organizations: Service, Hurricanes, Hurricanes Milon Locations: Florida , California, Louisiana, Alabama, Vermont

☆ 3 signs that investors should expect the bull market to continue for a third year in 2025
▼ + stars: | 2024-10-20 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The S&P 500 has enjoyed a bull market since October 2022, rising nearly 70%. AdvertisementThe stock market has been experiencing a bull market for the last two years. The Magnificent Seven drove much of the returns for the S&P 500 this year, contributing 34% of the index's total return. Analysts expect S&P 500 companies to report 4.2% profit growth for Q3. Ever since World War II, bull markets that have lasted two years continue onwards for a third.

Persons: LPL Financial's Quincy Crosby, —, Quincy Crosby, LPL, Crosby, JPMorgan Chase, Goldman Sachs, Wells, Jack Ablin, Jerome Powell, Buchbinder Organizations: Service, LPL, Federal, Bull, JPMorgan, Wells Fargo, Morningstar, Cresset Capital Management, Federal Reserve Locations: America

☆ Here's what Wall Street money managers are doing to prepare their portfolios for their 3 biggest election concerns
▼ + stars: | 2024-10-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

As election day draws near, 400 Wall Street money managers identified their top concerns. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Policy initiatives could have a significant impact on the economy, especially on issues concerning inflation, the housing market, employment, and international trade. Investors can benefit from both parties: Republicans would likely pass investor-friendly tax and energy policy, while Democrats would pass more favorable US-China and trade policy. AdvertisementHere's what Wall Street is worried about this election cycle and how top money managers are preparing their portfolios for November.

Persons: —, Kamala Harris, Donald Trump, PGIM, Wall, Kara Murphy, –, isn't, Murphy, Trump, Harris, we've Organizations: Service, Republican, White House, Congress, Investors, Kestra Investment Management, Social Security, Biden, Research, Senate, Democrat Locations: China, Latin America, Southeast Asia, deglobalization

☆ These 4 unflashy mid-cap stocks are on track to be tomorrow's mega-caps, according to one $3.2 billion fund manager
▼ + stars: | 2024-10-17 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

Mid-cap stocks offer quality and significant upside, says Keith, a PM at Parnassus Investments. Keith shares 4 mid-cap stocks dominating their industries and on track to be tomorrow's mega-caps. The Magnificent Seven have incredibly high market caps now, but they were small- and mid-sized companies before they were market behemoths. That's why Lori Keith, director of research and portfolio manager at Parnassus Investments, is such a big fan of mid-cap stocks. AdvertisementBelow, she shares 4 mid-cap companies with strong long-term growth prospects and the potential to become market dominants.

Persons: Lori Keith, there's, Keith, —, Warren Buffett, Keith's Organizations: Parnassus Investments, Service, Nvidia, Fund

☆ Falling home prices are hitting homeowners in these 10 states the hardest — with up to 10% of mortgage balances now topping their property values
▼ + stars: | 2024-10-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

AdvertisementAfter years of rapidly skyrocketing home values, falling prices might sound like a breath of fresh air to those looking to buy a home. Home price declines can lead to a surge in underwater mortgages, or when the amount owed on a home loan exceeds the home's value. ATTOM defines a seriously underwater mortgage as a home with a loan-to-value ratio of 125% or above. Homeowners with underwater mortgages can get relief if the housing market stabilizes and their home values increase. Below are the top ten states with the largest proportion of seriously underwater mortgages in the second quarter of 2024.

Persons: that's, —, Rob Barber Organizations: Service, Homeowners Locations: Louisiana , Oklahoma, Kentucky

☆ 4 stocks set to benefit from China's stimulus measures while also hedging geopolitical risk: $21 billion firm's portfolio manager
▼ + stars: | 2024-10-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The Chinese stock market soared after news of a stimulus package but plunged again on Wednesday. Risk remains high in Chinese stocks, which is why investors should exercise caution. The recent volatility in the Chinese market doesn't come as a surprise to Zehrid Osmani, portfolio manager at $21 billion Martin Currie. Valuations are low coming out of the pandemic, creating an attractive entry point into the market, Osmani said. He points to some structural challenges the Chinese economy faces, such as an aging population and a slump in the property sector.

Persons: —, Zehrid, Martin Currie, Osmani Organizations: Service, Investor, Bank of America, Companies, Martin Currie Global Portfolio Trust Locations: China, Shanghai, Beijing, Taiwan, Omani

☆ A portfolio manager at a $21 billion firm warns the odds of a recession have risen to 40% from 20% as inflation and geopolitical concerns surge — and shares where he's investing
▼ + stars: | 2024-10-12 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Zehrid Osmani, a portfolio manager at the $21 billion investment manager Martin Currie, has actually increased his recession odds. US-China tensions are escalating over Taiwan, home to the world's largest semiconductor foundry, Taiwan Semiconductor Manufacturing Company. Osmani sees what he calls "seismic thematic shifts" in these areas. And Osmani sees potential for parts of the market driving the energy transition, such as alternative energy and electric vehicles. AdvertisementHis top picks include Nvidia (NVDA), Microsoft (MSFT), chemical company Linde plc (LIN), and industrial manufacturing company Atlas Copco (ATLKY).

Persons: Martin Currie, —, Goldman Sachs, Jan Hatzius, Zehrid, Currie, hasn't, Osmani Organizations: Service, Technology, Taiwan Semiconductor Manufacturing Company, Semiconductors, Nvidia, Microsoft, Linde, LIN, Atlas, Martin Currie Global Portfolio Trust Locations: Europe, Russia, Ukraine, Israel, China, Taiwan

☆ The 9 sectors shedding the most jobs — with AI automating over 12,000 in one of them
▼ + stars: | 2024-10-10 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Although layoffs remain low overall, job cuts are increasing in some areas of the economy. AdvertisementAll eyes have been on the job market as investors wait to see if the economy will reach a soft landing. AI was responsible for 5,616 job cuts in September and 12,742 in 2024 overall. These signs point to companies trying to boost profitability in a slowing economy through cost cutting initiatives such as automating jobs with AI or reducing labor costs. "We're at an inflection point now, where the labor market could stall or tighten.

Persons: —, Andrew Challenger Organizations: Companies, Challenger, Service, Labor, firm's, Technology

☆ 4 market experts share 10 places to invest your money after September's jobs data blew expectations out of the water
▼ + stars: | 2024-10-05 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Below, four market experts share how investors should allocate their money going forward. The US job market blew past economists' predictions, with total nonfarm payrolls increasing by 254,000 last month — over 100,000 more jobs than expected. Chris Zaccarelli, chief investment officer, Independent Advisor AllianceThe job market is showing signs of strengthening with the September data. With that being said, the current environment presents many opportunities to invest in equities, according to Zaccarelli. "Recession fears are elevated, and we think those are underpriced, underappreciated parts of the market," Zaccarelli said.

Persons: —, we've, Liz Ann Sonders, Charles Schwab, Sonders, there'll, it's, Jeffrey Roach, Roach, Lisa Shalett, Morgan, Shalett, Chris Zaccarelli, Zaccarelli Organizations: Service, Federal Reserve, Investors, Fed, Morgan Stanley Wealth Management, Independent

☆ How immigration reform will supercharge the labor market, reduce national debt by over $600 billion in the next 2 decades: Research Affiliates CIO
▼ + stars: | 2024-10-04 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Research Affiliates CIO Chris Brightman believes immigration reform is needed to boost the economy. One proposed policy is projected to energize the labor market and liquidate $0.6 trillion in debt. But to one chief investment officer, immigration policy isn't a matter of political debate — it's an economic nonnegotiable. A declining population brings with it a declining labor force. Immigration policy solutionsBrightman sees the need for more friendly immigration policies such as providing permanent residency to immigrants who graduate from US universities.

Persons: Chris Brightman, —, Brightman, they're Organizations: Research, Service, Social Security, Medicare, Immigrants, Penn Wharton Budget, Immigration Locations: Japan, Korea, Taiwan, Canada, New Zealand, Australia, outlays

☆ These 3 indicators are pointing to a healthy labor market similar to the pre-pandemic boom, according to Goldman Sachs
▼ + stars: | 2024-10-02 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Investors are worried that labor market weakness could thwart a soft landing. AdvertisementAs inflation creeps downward, investors are increasingly turning their attention to the labor market to look for clues of a soft landing. Labor market fundamentals remain strong, according to Joseph Briggs, co-lead of Goldman Sachs' global economics team and a former Federal Reserve senior economist. "If we take a broad assessment across a number of different labor market indicators, they are still roughly where they were from 2017 to 2019, and that was a pretty healthy labor market," Briggs said. AdvertisementIn Briggs' view, the following three indicators point to a normalizing late-cycle labor market, and in turn, a strong economy.

Persons: Goldman Sachs, Joseph Briggs doesn't, Briggs, —, shouldn't, Joseph Briggs, We're Organizations: Service, Labor, Federal Reserve, Real

☆ Looking to retire soon? 10 most boomer-friendly cities to buy a home.
▼ + stars: | 2024-10-02 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

States such as North Carolina and Florida remain popular among retirees for tax benefits. Retirees also have their eyes on cities in North Carolina. North Carolina offers strong healthcare facilities, a pleasant climate, and does not tax income from Social Security. Only 0.25% of local boomers bought a home in the San Francisco metro area in 2023 for a median price of $1.55 million. AdvertisementBelow, we list the top 10 most boomer-friendly cities to buy a home, the percentage of local boomer homebuyers, and the total number of boomer mortgages originated in 2023.

Persons: SmartAsset, —, Freddie Mac Organizations: Service, Sunshine, North Carolina . North Carolina, Social Security Locations: North Carolina, Florida, North Carolina . North, San Francisco

☆ Jeremy Grantham's right-hand man Ben Inker warns your 60/40 portfolio is in for a 'lost decade' of negative returns
▼ + stars: | 2024-09-30 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The popular 60/40 portfolio of stocks and bonds has returned double digits annually since 1979. Inker shares the risks of the 60/40 strategy and where he's looking for opportunities. AdvertisementFor decades, the 60/40 strategy has been the gold standard of investing. As a result, the 60/40 portfolio right now is not set up to generate attractive returns. Related storiesInvesting against the grainInstead of the traditional 60/40 portfolio, Inker recommends taking a more flexible approach to different asset allocations.

Persons: Ben, —, Jeremy Grantham, doesn't, they've Organizations: Service, Bloomberg

☆ These 2 market indicators with perfect track records since 1984 are flashing a Harris presidency — but they could be wrong this time
▼ + stars: | 2024-09-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The S&P 500's positive performance this year means that a Harris victory is likely, history says. The S&P 500 has gained 10% since August 5, and if it keeps going up, a Harris victory seems imminent. Likewise, the so-called Misery Index is flashing a Harris victory. If the stock market declines, the outlook for a Harris victory could quickly sour. While these indicators might be flashing a Harris victory for now, nothing's set in stone leading up to this election.

Persons: Harris, —, LPL, Adam Turnquist, Turnquist, it's, Jerome Powell, Lynch, nothing's Organizations: Service, Comerica Wealth Management, Federal

☆ 8 tax-reducing steps to take before 2024 ends, according to $2 trillion wealth manager BNY Mellon
▼ + stars: | 2024-09-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

As 2024 draws to a close, now is the time for investors to review their tax strategy. AdvertisementWith October coming into view, it's a good time to sit down and review your tax strategy for 2024. On the other hand, high earners may want to defer investment income to minimize their net investment income tax (NIIT). Retirement considerationsBNY Mellon also said to consider maxing out your retirement accounts, such as a 401(k), traditional IRA, Roth IRA, and other plans. While this means you'll owe income tax on the money you convert, your assets will accumulate tax-free in the Roth IRA going forward, according to the note.

Persons: BNY Mellon, —, Mellon, Roth Organizations: BNY, Service, Mellon Wealth Management, Investors, Roth IRA

☆ 3 market experts share the 8 companies that will profit the most from AI's insatiable energy appetite
▼ + stars: | 2024-09-26 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Moody's estimates that between 2023 and 2028, the electricity usage in data centers will grow 43% yearly. That's not including the energy-intensive process of constructing even more data centers, which Big Tech is scrambling to do. Business Insider spoke with three market experts to get their thoughts on what companies are best positioned to succeed as AI's appetite for energy strains existing infrastructure. Baker is betting on the utilities and cooling solutions providers that service the energy needs of data centers. New infrastructure needs to be built out, and the existing infrastructure needs to be bolstered, according to Wilhelmus.

Persons: —, Mark Zuckerberg, Jennifer Foster, Foster, Graeme Baker, Baker, Schneider, Jakob Wilhelmus, Wilhelmus, Eaton Organizations: Service, Business, Big Tech, Chilton Investment Company, Broadcom, Marvell Technology, IBM, Schneider, Trane Technologies Locations: Virginia, Freeport, McMoRan

☆ Bank of America says these 3 higher-risk stocks are well-positioned to take off as rate cuts spur an economic recovery in 2025
▼ + stars: | 2024-09-25 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

Bank of America says the economy should enter a "recovery" phase as early as next year. So investors may want to consider higher-risk small-caps, which outperform in recovery, BofA says. Below are three higher-risk stocks that are well-positioned to take off next year. Go to newsletter preferences Thanks for signing up! But despite warning signs emerging in the labor market, Bank of America says investors should start to consider adding riskier assets to their portfolio heading into 2025.

Persons: BofA, —, Justin Post Organizations: of America, Service, Bank of America, Bank of, Federal Reserve, Business Locations: Bank of America's

☆ 13 stocks leading the AI revolution poised to turn early infrastructure investment into huge profit growth: Moody's
▼ + stars: | 2024-09-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

The 13 companies identified below have created tangible competitive advantages by investing in AI infrastructure in the early stages or finding a mission-critical niche within the AI value chain. Investing in the AI value chainIt's still early innings for the AI revolution. Next is the cloud services providers, which store data and train AI models in data centers, followed by the AI foundation models that power ChatGPT. Finally, software infrastructure players assist in integrating AI models into the AI application, or end product that consumers use. These players hold considerable market share across multiple layers of the AI value chain, resulting in higher returns as they use AI in multiple business areas.

Persons: —, Vincent Gusdorf, Moody's, Gusdorf Organizations: Service, Business, Big Tech

☆ Park your cash in these 3 places to get higher yields than money-market funds as interest rates fall, according to Goldman Sachs
▼ + stars: | 2024-09-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

3 trades for falling interest ratesFor investors concerned about the yield on their cash, one solution might be ultrashort bond funds. In the last 12 months, ultrashort bond funds have materially outperformed taxable money market funds, returning an average of 6.36% compared to 5.09% for money markets, according to Morningstar. McCarthy recommends investing in a mix of ultrashort securities such as investment-grade corporates, asset-backed securities, and government securities for diversification purposes. AdvertisementThe Nuveen Ultrashort Income ETF (NUSB) and the Goldman Sachs Access Ultrashort Bond ETF (GSST) are examples of ultrashort bond funds. Investors can gain exposure to premium income funds through the SPDR SSGA US Equity Premium Income ETF (SPIN) and JPMorgan Equity Premium Income ETF(JEPI).

Persons: —, Scott Diamond, Brendan McCarthy, Goldman Sachs, Morningstar, McCarthy, Diamond Organizations: Service, Federal Reserve, Equity, Business, Goldman Sachs Asset Management, Bond, Bond ETF, JPMorgan Ultrashort, Investors, JPMorgan Equity Locations: Treasurys

☆ 9 cities where lower mortgage rates are actually pushing home prices more than 10% higher
▼ + stars: | 2024-09-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

Read previewHomebuyers may have breathed a premature sigh of relief last month when mortgage rates dropped. In the last six weeks, mortgage rates have fallen over half a percentage point to 6.2%, according to Freddie Mac. AdvertisementAccording to Redfin Senior Economist Sheharyar Bokhari, prices are increasing because the drop in mortgage rates has spurred demand for houses while supply remains low. Year-over-year, prices rose in almost every one of the top 50 metro areas. Below are the 9 cities where home prices have risen the most in the last year, increasing at double-digit rates.

Persons: —, Freddie Mac, it's, Sheharyar, Bokhari, Skylar Olsen, homebuyers, Olsen, Austin — Organizations: Service, Fed, Business, Redfin Locations: San Antonio

☆ Your taxes are going up in 2026, according to Morgan Stanley. Here are 5 tax-advantaged trades to make.
▼ + stars: | 2024-09-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewMorgan Stanley has some disappointing news for investors: your taxes are probably going up in the next few years. But one strategist at Morgan Stanley says it's not that simple. Despite these differences, Morgan Stanley expects tax rates to increase no matter who takes office. And a divided Congress, which Morgan Stanley predicts is very likely in November, will only further reduce the likelihood of dramatic change. Typically, the stock market is more influenced by the business cycle than tax policy or political party, according to Morgan Stanley.

Persons: —, Morgan Stanley, Trump, Kamala Harris, it's, Monica Guerra, Morgan Stanley Wealth Management's, Harris, Biden, There's, haven't, Guerra isn't, Guerra Organizations: Service, Business, Morgan Stanley Wealth, US, Trump, Republican, Democratic, Treasurys, New, Equity Locations: New York City

☆ A portfolio manager who's outperformed a major value index for over a decade shares 4 cheap stocks that the market's overlooking
▼ + stars: | 2024-09-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Market disconnectsSpeaking of mistakes in the market, Rosenthal thinks the current composition of the market is untenable and due for a correction. "We don't think the equal-weighted S&P or any kind of index ex the Mag Seven is at an extremely low valuation," Rosenthal said. Rosenthal holds CVS (CVS) in his portfolio. Nippon Sanso (NPXYY) is a Japanese oil and gas company that Rosenthal believes is undervalued. Combined with the structural tailwind of corporate reforms within Japan, Rosenthal believes this Japanese company's stock is well-positioned to appreciate in the coming years.

Persons: —, Scott Rosenthal, Rosenthal, Rosenthal's, it's Organizations: Service, Hotchkis & Wiley Capital Management, Wiley Global Value Fund, Business, Econ, CVS, Nippon Locations: Japan

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