Sep. 23—As inflation rates remain high, financial experts are providing strategies to combat high prices.
According to the U.S. Inflation Calculator, the inflation rate as of August almost 8.3%, compared to around 8.5% in July.
While rates are high, there are means in place to combat this issue. One of the ways that people can use inflation to their advantage is through an I Bond.
According to the Treasury Direct, an I Bond is "a savings bond that earns interest based on combining a fixed rate and an inflation rate." Currently the interest rate on these bonds is 9.62%.
David Lewis, loan officer at the Nodaway Valley Bank Riverside Branch, said the bond is one of the many ways people can fight inflation.
"It's a very good investment at any time, particularly in an inflationary environment, because the rate of return on that bond will float with the inflation rate," Lewis said.
Lewis said another strategy is paying off credit card debt first.
"Keep it paid off and just try to live within your means … there's always credit card debts, always more expensive than mortgage debt or other other types of loans," Lewis said.
Lewis said that inflation is hurting and devaluing the currency, and the only way to get on top of it is to get the interest rates above the inflation rate. He said this is a difficult process.
"When you raise interest rates, it makes borrowing money obviously more expensive and it raises people's home payments, house payments," Lewis said. "Somebody that's on the bubble as far as being able to qualify for a home purchase will get knocked out of a higher level loan just because they don't have enough income to justify the additional payment."
Riley Funk can be reached at
ri********@ne**********.com
” class=”link”>
ri********@ne**********.com
.
Credit Suisse released its 2021 Global Wealth Report this month, which estimates the wealth of households around the world.
With the Fed making its third 75-basis-point hike this year, Dalio says greater economic contraction is on the horizon.
On Wednesday, the Fed bumped up interest rates again, its third 75-basis point hike since June, and signaled that there could be two more such hikes by the end of this year. The conventional wisdom has the Fed acting properly, and aggressively, in an attempt to counter inflation raging at 40-year high levels. But conventional wisdom isn’t always right – and we can learn a lot by consulting the contrarians. Few top investors are more contrarian than Cathie Wood. The founder and manager of ARK Inv
"The lumber market continues to be in a state of overall malaise as buyers anticipate lower overall demand going forward," Sherwood Lumber told Insider.
Billionaire investor Warren Buffett has seen downturns, recessions, market crashes, and all sorts of adversity in the markets over the years. Investors who are worried about the markets today should heed the Oracle of Omaha's advice and simply bet on America. Three U.S.-based stocks that investors can buy to bet on America are Seagen (NASDAQ: SGEN), T-Mobile US (NASDAQ: TMUS), and Coca-Cola (NYSE: KO).
Needless to say, this has investors — especially those looking for dividends — very interested in energy stocks right now. Two in particular are getting a lot of attention: Chevron (NYSE: CVX) and Enterprise Products Partners (NYSE: EPD). While both Chevron and Enterprise Products are strong companies (I own Enterprise Products, too), there are some characteristics of Phillips 66 that are very compelling.
If you need to get serious about savings, this might be the right way—and time—for you to do it.
The S&P 500 is down more than 2% since Tuesday’s close. There is reason to believe markets are close to finding a floor.
These stocks have been mauled by the bear market, but a look under the hood reveals impressive growth.
Homeowners beware. But don't panic, either.
Multiple insiders secured a larger position in Intel Corporation ( NASDAQ:INTC ) shares over the last 12 months. This…
Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the $1 billion commitment it had previously announced. Investors, who signed the PIPE commitment about one year ago, are free to move their money after the Sept. 20, 2022 deadline if the deal has not completed. Digital World did not disclose the investors that pulled out.
Instead of heading for the sideline, Form 13F filings with the Securities and Exchange Commission (SEC) show that most billionaire money managers were active buyers during the first half of the year. What's particularly interesting is that select billionaires have been piling into some of Wall Street's most beaten-down growth stocks. The following three supercharged growth stocks are down as much as 94%, yet billionaires can't stop buying shares of them.
In this article, we discuss the companies that have just increased their dividends. You can skip our detailed analysis of dividend investing, and go directly to read MSFT and 4 Other Companies Just Increased Their Dividends. After the pandemic-related hiatus, many American companies started raising their dividends to attract shareholders. According to a report by […]
Despite macroeconomic headwinds that dragged the broader markets down into bear market territory in 2022 (and many individual stocks down even further), some investors still found reasons to be optimistic. While stock splits have no actual impact on the intrinsic value of a business, they can give share prices a boost by making a stock affordable to a wider range of potential investors. Select hedge fund managers got in on this act in the second quarter.
AT&T has been crushed this year, down more than 40% from its high. But now the stock nears a key area on the charts with a 7% dividend yield.
This has been a painful year for seniors living on a fixed income, as the U.S. economy is experiencing the highest inflation since the early 1980s. In fact, last year, the Social Security Administration announced the 2022 COLA the same day as the September 2021 CPI report. Seniors may be looking forward to as large an increase as possible; however, if you're one of them, you should be careful for what you wish for.
When Stephanie Cheung bought a small, two-bedroom apartment for HK$7.7 million ($981,041) as an investment in April 2021, she booked a 6% gain by the summer as Hong Kong's property market boomed to historical highs. The price surge was driven in part by optimism that Hong Kong's borders would reopen after some of the world's most stringent COVID-19 measures over the past two-and-a half years. The price of Cheung's 450 square foot flat has dropped 6%, and the rental income of HK$16,300 is no longer enough to cover mortgage repayments after monthly interest increased by HK$2,400 a few months ago.
The squeeze is on. Prepare yourself.
With the objective of providing a high-resolution 3D view of their environment, LiDAR (light detection and ranging) sensors are set to be a mainstay in autonomous vehicles. While not all have been proponents of the technology – Elon Musk, for one, has stated in the past that he is not a fan – J.P. Morgan analyst Samik Chatterjee says the “debate around value-add of a LiDAR in a sensing suite has been long settled.” The decision to forgo the use of lidar more revolves around costs rather than per
About Author
