Four Money-Saving Tips for Members of Generation X

Members of Generation X, those born between 1965 and 1980, largely grew up before the internet and cell phones.1 This generation prides itself on self-reliance and entrepreneurship, boasting membership as diverse as Jeff Bezos, Serena Williams, and Julia Roberts.2 But Gen X-ers have also dealt with some unique financial challenges. Many were hit by the early 1990s recession as they were beginning their careers, further buffeted by the dot-com crash of 2000 and the Great Recession in 2008. What can members of Generation X do now to shore up their finances for the future? Read more

What’s Next for Bond Markets After the Election

Bond markets have had quite a ride since Election Day. The 10-year Treasury yield had been climbing very slowly in the months leading up to the election as the economy improved, but possibly also in anticipation of a potential Democratic sweep that could lead to a larger stimulus package. As shown in the LPL Chart of the Day, as polls were starting to close on Election Day, the 10-year Treasury yield had moved above 0.90%, a level at which it had not closed since June and then only barely. But then early results out of Florida and North Carolina let us know that this would be a closer election than many thought, and yields fell dramatically. Read more

Surviving the Holiday Spending Season … Debt Free

As the traditional giving season approaches, there is one important item to add to your to do list: Create a holiday budget. Before the gift shopping and wrapping begins, take control of your wallet through financial preparation. Remember, you can potentially avoid the credit card crunch and the dangerous pitfall of borrowing against your company’s retirement savings plan or IRAs. Read more

2 Post-Election Charts You Need to See

The election is over, but the questions are mounting. We don’t know who will be the next president as of Wednesday morning, but we do know that stocks tend to do well the final two months of an election year. “Once the uncertainty is over, stocks tend to rally in November and December, with November the best month of the year during an election year,” explained LPL Financial Chief Market Strategist Ryan Detrick. “Of course, 2020 isn’t like any other year, and we still could be a ways away from who the winner will be.” Read more

Compassion for Others

Compassion is as vital to life as the air we breathe. Imagine our history without Mother Theresa, Martin Luther King, Jr., an innocent bystander running to the aid of an accident victim, or nameless people who risked their lives to save others during wartime. If this quality of compassion has the power to transform the outcome of daily events in life, it surely must have the power to transform our hearts and encourage all kinds of positive behavior.    Read more