In the past week:
- The November jobs report was expected to be strong.
- The Dow Jones industrials, Nasdaq, and S&P 500 hit new record highs. So did Bitcoin.
- South Korea’s economy was rattled by a martial law decree. The French government collapsed. Volkswagen workers in Germany went on strike. China banned export of semiconductor materials to the United States. And OPEC+ delayed an oil production increase.
- The incoming administration threatened tariffs on Canada and BRIC countries and vowed to block the U.S. Steel merger.
- CEOs at Intel and Stellantis retired, and UnitedHealth’s CEO was fatally shot.
- GM sold its stake in an EV battery plant and warned of a $5 billion charge in China. Cargill announced layoffs. Eli Lilly’s Zepbound beat Novo Nordisk’s Wegovy in a head-to-head study. Chipotle raised prices.
- Cucumbers and eggs were recalled due to salmonella risks.
With market valuations a tad lofty and concerns about the potential inflationary impact that proposed tariffs will have on the American economy, it can be an uneasy time for investors. However, finance guru Suze Orman has excellent advice for new investors scared to put their money to work in markets.
Driven mostly by electric vehicle leader Tesla Inc. (NASDAQ: TSLA) and aerospace company SpaceX, Elon Musk’s net worth has skyrocketed and could triple in the next five years. Some are predicting that Musk is on his way to being the world’s first trillionaire.
To generate an income of around $75,000 per year in retirement from one’s equity portfolio alone, a portfolio size of around $1.875 million would be required. See how Apple Inc. (NASDAQ: AAPL) and two other stocks could help investors build toward that goal.
Receive a complimentary copy of our report “2 Dividend Legends to Hold Forever,” which reveals why it takes much more than just a big payout to be considered a dividend legend.
And get a complimentary copy of our “The Next Nvidia” report, which includes three top stock picks poised to take off from the next breakthroughs in artificial intelligence.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
