The Facts On Increasing The Minimum Wage The minimum wage is one of those topics which tends to create a lot of attention. Those in favor argue that it will help the economy. Those opposed say it will hurt small businesses. Raise it? Keep it the same? What's the best decision? Find out in this article.
On Faith And Finance I did something really scary. My soul’s desire to go back to freelancing finally overpowered my need an infinite stream of paychecks, a cadre of charming coworkers, and all the Tazo tea I could drink in a day. I sat down with my manager, stammering as I told her, “I have some news …” and then quit, giving a month’s cushion to tie up and transition projects. I gave her a hug, went back to my cubicle and felt like throwing up.
October Slump: When Markets Drive Themselves Investors love the idea of being able to predict the future. People who wouldn't be caught dead engaging a roadside psychic or fooling around with tarot cards nevertheless are convinced that some months are "good" for stocks and some months are "bad."
We saw this happen once again in October of this year. Pundits far and wide wrote in the late summer and early fall that the market was due to correct, if not crash, in October.
How would they know that? They wouldn't, but as it happens three of the biggest market collapses in history occurred in October: The Panic of 1907, the Great Crash of 1929 and Black Monday in 1987.
Convincing, right? Yet there's really no evidence to support the idea that October is to blame. Almost every month has its periodic declines at some point in history. Like the "June swoon" and the "Santa Claus rally," these trends are reinforced by repetition: They tend to happen because we expect them to happen.
Crowd psychology is a funny thing. If you look at last month, our most recent October, you see a huge slump in the S&P 500. Nevertheless, there were similar (albeit not as deep) slides in February, April and August.
Oddly, though the market recovered from the October decline this year and went on to new highs, nobody talks about November being a perpetually "great" month for investing.
Why would they? The presumption by many investors is that stocks will rise in the future, a trend supported by long-term statistical studies. In fact, equities have beaten all other investments handily, returning 6.6% annually.
That's about twice the rate of growth of the economy, a result researchers suggest is a reflection of reinvested dividends. Put another way, held for the long run, stocks keep up with the economy in terms of appreciation and return double that on reinvested capital.
5 Financial Opportunities To Be Thankful For This Thanksgiving As we gather for Thanksgiving tomorrow, hopefully you have a lot to be thankful for. You may be thinking of things like your good health and rewarding relationships but you probably also have a lot more to be thankful for financially than you may realize. Here are five financial opportunities you may be thankful for and how you can take advantage of them:
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