With concerns rising about Greece yet again, the US dollar is gaining as risk aversion rises and Forex traders look for safe haven.
View detail |
The coal sector has severely underperformed the major stock averages and the overall energy sector. This morning, the major coal stocks are trading in positive territory, however, they remain weak on the daily charts. The Market Vectors Coal ETF (NYSEARCA:KOL) is trading higher by 0.27 cents to $35.33 a share. KOL will have intra-day resistance around the $35.60, and $36.00 levels. Should KOL decline intra-day the ETF will have support around the $35.00, and $34.30 levels. The daily chart for KOL remains weak and will have daily chart support around the $32.90 level.
Canadian dollar is mixed today in the wake of the Greek debt deal. Instead of heading higher against the US dollar on risk appetite, though, the loonie has been stilted today. Mixed economic data in Canada is contributing to the mixed Forex performance of the loonie.
The markets are seeing red today with the SPDR S&P 500 ETF (NYSEARCA:SPY) trading at $135.86, -0.60 (-0.44%). After Greece received its second bailout over the holiday weekend, the markets have started to show major cracks. Interestingly enough, this is happening just as the retail investor is jumping back into the market. This is setting up for a sell off and pivot top of 2012. Yes, you heard it first here, we are close, if not at the highs of 2012.
Let’s face it, investing is complicated, time-consuming, and just scary sometimes, especially when it’s looked at for the first time and Betterment believes it has the answer to these problems.
Inherited (or sometimes called Stretch) IRA’s have been a gift that many children have been receiving from their parents for years. Essentially, if you parent passes away and you inherit their IRA account, you are allowed to distribute money from that IRA over the rest of your lifetime instead of the current distribution the prior owner of the IRA was taking. If the Inherited IRA has $500,000, distributing that money over a 30 or 40 year time frame would surely spread out a lesser tax liability than having to distribute that money over 5 or 10 years as all of the money would generally be included in your ordinary income.
The markets are experiencing a bounce back from the sharp drop yesterday. After falling $2.00 yesterday, the SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $135.65, +0.98 (+0.73%). Wall Street is looking at this bounce and wondering if it is a snap back rally that will lead to new highs or just technical bounce, prior to more selling.
Buying an investment property is a big deal. It is a huge asset for most individuals, and it requires work. Many individuals actually view owning a rental property as being more similar to a small business than an investment, because it involves tenants (customers) and vendors.
Walter Schloss is the ultimate zen investor.
When I say zen investor, I mean his laid-back approach to investing. This is not to say that he didn’t have an outstanding long-term investment record to his name.