Financial planning is a highly personal process, and it looks slightly different for everyone. In this segment of Backstage Pass , recorded on Dec. 22 , Fool contributors Rachel Warren, Danny Vena, and Deidre Woollard respond to a member's question and share their individual approaches to building a stronger financial future. Rachel Warren : Let's see another question from Vihaan that just came in. What are different investment accounts to stocks one can hold: traditional brokerage, traditional IRA, Roth IRA, anything else? Can you please talk to how The Five team are diversified, percent of capital in taxable and non-taxable? Either of you want to jump in on that and then I'll close out with my thoughts. Danny Vena: I'll just say quickly, I don't have a specific percentage that I put in one account versus another. My personal investing situation changed several years ago. We moved from Colorado to California. The amount of money that I invested in my taxable … [Read more...] about How Do You Approach Financial Planning?
Share to Twitter Share to Linkedin Topline The stock market plunged on Tuesday after Goldman Sachs reported disappointing quarterly earnings—continuing a trend of lackluster bank results, while surging government bond yields hit two-year highs. Key Facts The Dow Jones Industrial Average fell 1.5%, around 550 points, while the S&P 500 lost 1.8% and the tech-heavy Nasdaq Composite 2.6%. Shares of Goldman Sachs plunged around 7% after the bank reported disappointing fourth-quarter earnings: Profits came in below expectations, falling 13% from a year earlier. Similar to rivals JPMorgan Chase and Citigroup, Goldman also reported rising expenses , which hurt their bottom line, with the bank’s operating expenses surging 23% due to “significantly higher” pay for employees. Government bond yields, meanwhile, continued to post strong gains as the two-year yield broke above 1% for the first time since February 2020, right before the pandemic sent … [Read more...] about Stock Market Selloff Continues As Rates Surge, Goldman Sachs Falls 7%
The stock market has had a tumultuous week, and the volatility looked like it would continue on Friday. As of 8:30 a.m. ET, Dow Jones Industrial Average ( DJINDICES:^DJI ) futures were down 205 points to 35,784. S&P 500 ( SNPINDEX:^GSPC ) futures had lost 30 points to 4,622, and Nasdaq Composite ( NASDAQINDEX:^IXIC ) futures were off 136 points to 15,355. One of the groups of companies that often report their earnings first each quarter is the banking industry , and Friday brought a couple of key reports that helped investors get some clarity on how the industry is likely to do in 2022. JPMorgan Chase ( NYSE:JPM ) and Wells Fargo ( NYSE:WFC ) both gave their latest financial updates, sending their stocks moving in different directions. Let's take a closer look at what the two big banks had to say to see what their respective differences are signaling for how the various parts of the financial sector have been performing lately. Image source: … [Read more...] about Big Bank Earnings Send Wall Street Lower Friday
The holiday weekend didn't leave Wall Street investors in a particularly good mood, as a sustained push higher in long-term interest rates continued to weigh on the stock market. As of shortly before 9 a.m. ET, Dow Jones Industrial Average ( DJINDICES:^DJI ) futures were down 278 points to 35,518. S&P 500 ( SNPINDEX:^GSPC ) futures had lost 42 points to 4,612, and Nasdaq Composite ( NASDAQINDEX:^IXIC ) futures were off 220 points to 15,376. Another round of earnings from bank stocks came out to begin the new week, and investors weren't entirely pleased with the trends that they're seeing. Industry giant Goldman Sachs ( NYSE:GS ) saw a substantial pullback after releasing its results, but its decline was small compared to those that another bank with close ties to the cryptocurrency sector suffered Tuesday morning. Below, you'll learn more about Goldman's results and then find out which bank stock is down even more sharply. Image source: Getty Images. … [Read more...] about Goldman Drags on Stocks, but Here’s the Bank That’s Truly Getting Crushed
Wall Street was in a foul mood on Tuesday, and major market benchmarks finished the day with substantial losses. The Dow Jones Industrial Average ( DJINDICES:^DJI ) was the best performer on the day despite finishing down more than 500 points, while the Nasdaq Composite ( NASDAQINDEX:^IXIC ) had much larger losses on a percentage basis that pushed that index into 10% correction territory. The S&P 500 ( SNPINDEX:^GSPC ) dropped nearly 2%. Index Daily Percentage Change (Decline) Daily Point Change Dow (1.51%) (543) S&P 500 (1.84%) (86) Nasdaq (2.60%) (387) Data source: Yahoo! Finance. Long-term investors weren't all that shocked to see some popular meme stocks take big hits in the downward-moving market. Yet what was more surprising was the fact that global consumer-products giant Unilever ( NYSE:UL ) saw its stock fall even more than AMC Entertainment Holdings ( NYSE:AMC ) … [Read more...] about This Defensive Consumer Stock Fell More Than 2 Meme Stock Darlings Today
2022 has gotten off to an ugly start for the stock market, but Wednesday morning, market participants seemed ready to claw back at least a little bit of the ground major market benchmarks have lost in the first few weeks of the year. As of just before 8:30 a.m. ET, Dow Jones Industrial Average ( DJINDICES:^DJI ) futures were up 77 points to 35,336. S&P 500 ( SNPINDEX:^GSPC ) futures had gained 14 points to 4,585, while Nasdaq Composite ( NASDAQINDEX:^IXIC ) futures had risen 59 points to 15,265. We've seen a big round of bank stock earnings over the past week, and a couple more industry leaders gave investors their latest results. However, it was news from SoFi Technologies ( NASDAQ:SOFI ) that produced much bigger stock price moves. Read on to see how Bank of America ( NYSE:BAC ) and U.S. Bancorp ( NYSE:USB ) fared at the end of 2021, and then find out why SoFi's on the move higher. Image source: Getty Images. Bank of America makes a … [Read more...] about More Banks Report Mixed Results, but This Fintech Disruptor’s Stock Soared Wednesday
Image source: The Motley Fool. Concrete Pumping Holdings Inc ( NASDAQ:BBCP ) Jan 12, 2021 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' financial results for the fourth quarter and fiscal year ended October 31, 2020. Joining us today are Concrete Pumping Holdings CEO, Bruce Young; CFO, Iain Humphries; and the company's external director of investor relations, Cody Slach. Before we go further, I would like to turn the call over to Mr. Slach to read the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Cody, please go ahead. Cody Slach -- External Director of Investor Relations Thanks, Shamali. I'd like to remind everyone that in the … [Read more...] about Concrete Pumping Holdings Inc (BBCP) Q4 2020 Earnings Call Transcript
The Colorado Rapids made three moves Wednesday in the wake of seeing a pair of midfielders depart. The Rapids announced contract extensions for Canadian international midfielder Mark-Anthony Kaye (four years guaranteed), highly rated defender Keegan Rosenberry (three years) and defender Danny Wilson (two years). The moves come five days after the Rapids traded away United States Men’s National Team member Kellyn Acosta to LAFC and reports surfaced that Cole Bassett is expected to agree to terms on an 18-month loan with Dutch side Feyenoord. Kaye signed a four-year contract extension through 2025 with a club option for a fifth season, signaling his long-term importance to the Rapids’ midfield after the club traded for him last season. “Mark has been one of the top central midfielders in MLS since he first joined the league and has continued to demonstrate his quality during his time with us,” said Rapids General Manager Pádraig Smith in a statement. “We’re delighted to … [Read more...] about Rapids sign Mark-Anthony Kaye, Keegan Rosenberry, Danny Wilson to contract extensions