|
Did You Know?
There are now 8,000 family offices worldwide, expected to top 10,000 by 2030....and predicted to manage more money than hedge funds by 2030: $5 trillion+. They’ve become the most prized clients for private banks, wealth managers, trust/estates attorneys, private equity...and real estate agents too!
Did You Know?
Not a fan of daylight savings? Here is the reason why…...When we lose an hour in daylight savings, there’s a 21% increase of heart attacks. When we gain an hour, there’s a 20% decrease heart attack.
Did You Know?
Futures traders saw a lower probability of another quarter-point drop in rates when the Fed meets in December following Powell’s remarks. They now see a 62% chance of such a cut, down from a 75% chance seen before Powell began speaking. There’s a 38% probability of no cut. Powell pointed to 3% real gross domestic product growth last year and 2.5% growth this year, noting that consumer spending remains elevated, supported by wage growth and strong household balance sheets, while business investment has accelerated over the past year. Housing-related costs, however, remain high. Powell said the U.S. labor market has cooled from the overheated post pandemic rebound to normal levels more consistent with the Fed’s employment mandate. Hiring and quits both slowed to pre pandemic levels or below, and October’s 4.1% unemployment rate remains historically low. (BARRONS)
Did You Know?
While rate cuts came and stocks soared, companies and households have kept shoving cash into money funds, pushing the total assets held in those accounts above $7 trillion this week for the first time ever....5% returns ain't too bad.... (Bloomberg)
Did You Know?
The price of gold is up 34%: Gold tends to perform well during periods of economic uncertainty, such as when interest rates are falling. Investors may seek gold as a safe-haven asset during these times. (CNBC)
Did You Know?
The average American spends around $5,159 per year on energy, which includes both direct energy costs like electricity and gas bills, as well as the energy embedded in goods and services they consume. The average American spends around $25,436 per year on housing. Housing is the consumer budget item where the biggest potential cost savings exist, by far.
Did You Know?
Billionaire Warren Buffett—who likes to say “be fearful when others are greedy”—is sitting on over $325 billion in cash. He could be wrong and just missing out now, of course, but he often sees something that many investors don’t? (PS: Bitcoin pricing has almost TRIPLED this year) (BARRONS)
Did You Know?
Decades of rising stock prices and home values have left older Americans with much of the nation’s wealth, Federal Reserve data show. High mortgage rates are no obstacle to longtime homeowners who can sell their paid-off houses and buy new ones without a mortgage. Especially in lower priced parts of the world closer to children and grandchildren that may have relocated. Over 73% of US assets are held by those 55 years and older. (WSJ)
Did You Know?
The median age of repeat home buyers hit 61 in 2024, a 4-decade high, with the most commonly cited reason for selling being the desire to be closer to family or friends. Twenty-one of last year’s 50 fastest-selling planned communities have built or are building age-restricted areas inside larger all-ages developments. (NAR)
|
