Good morning. It's Wednesday, Dec. 20, and we're covering no-spend January, how to spend retirement money, housing market crashes, and much more. | First time reading? Sign up here. | Stock Market Update | | | Market Performance: December 20, 2023. | US stocks closed high on Tuesday, with an eighth weekly win still within reach as investors stayed upbeat on the prospect of interest rate cuts despite warnings those hopes are overdone.
The Dow Jones Industrial Average (^DJI) climbed roughly 0.7%, or more than 250 points — its fifth straight record close. The tech-heavy Nasdaq Composite (^IXIC) also ticked up about 0.7%, while the benchmark S&P 500 (^GSPC) jumped around 0.6%.
The Dow Jones Industrial Average (^DJI) climbed roughly 0.5%, or nearly 200 points, while the benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) each ticked up about 0.4%. |
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| | Financial Maverick Insights | | | How 'no-spend January' works (and what to do with the money you save) | As we inch closer to the New Year, many people are preparing their resolutions. Whether it's abstaining from alcohol for January or going on a diet, a new year is a great time to make a life change.
One January challenge you may not have heard of – but may want to consider – is focused on improving your financial well-being.
It's called "no-spend January," and it's all about cutting back on frivolous spending that can leave you with less money for the important things in life. If you choose to participate in no-spend January, though, it's worth it to take another step and do something productive with the money you save, like put it in a high-yield savings account where it will earn you interest.
Want to open a high-yield savings account to deposit all the money you save next month? Find the right account for you online.
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| | | | Tips for creating an effective budget | Budgeting can be daunting, especially if it's your first time managing your own finances. Regardless of your income, budgeting is a great tool for everyone to use.
In fact, it can help you save money, keep up with bills, work towards your goals and plan for the unexpected.
Here are a few simple steps you can take to create an effective budget. |
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| Real Estate News | | How To Buy Rental Property With No Money Down In 2023 | Yes, you can invest in real estate with little or no money down. Here's how to buy rental property at any experience level. |
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| | Rule on Real Estate Money Laundering Is Under White House Review | A proposed Treasury Department rule aimed at fighting money laundering that is conducted via US residential real estate transactions is under White House regulatory review. |
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| | Lesson Learned: Build your business by making connections | Find out how Seattle real estate broker Val Burmester started her business by making exceptional connections from Day One. |
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| | Personal Finance Tips | | Cash Flow Planning and Debt Payoff Strategies | Federal News Network | Our guest today will talk about cash flow planning and debt payoff strategies for Federal employees and retirees. |
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| | Rachel Cruze: 8 Last-Minute Christmas Gifts From Amazon When You're on a Tight Budget | There's still time to grab budget-friendly gifts. |
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| | What Does 2024 Look Like for the Restaurant Industry? | Modern Restaurant Management | The Business of Eating & Restaurant Management News | A new year brings new beginnings and opportunities for transformation in the restaurant industry. It's the perfect time to look back on a few things we |
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| | The Debt Problem Is Enormous. Experts Say the System for Fixing It Is Broken. | Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn't on the agenda. |
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| | Alternative Investing | | The Year of Institutional Investment in Real World Assets | The rise of secure, regulated tech will bring a wealth of financial institutions into blockchain in the coming years, BitGo Director Sanchit Pande writes for Crypto 2024. |
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| | Bitcoin Entering the Crypto Super Cycle: Setting Sights on $500,000 | In a remarkable shift from its traditional four-year highs and lows, Bitcoin is showing signs of entering a 'crypto super cycle,' a phrase experts believe could redefine its value and role in the global economy. |
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| | Tesla Stock At Early Buy Point On Strong China Registrations As EV Giant Strains For Delivery Target | Tesla (TSLA) vehicle insurance registrations in China surged nearly 19% sequentially last week, marking its third highest weekly total ever, as the global EV giant looks to beat its prior best-ever quarterly deliveries and hit record-setting 2023 targets. |
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| | Do you keep an eye on the stock market? | | | 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. | |
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