Mortgage rates get more treacherous by Axios
Rates vary widely by lender. The gap between the best and worst rates is now .88% (it was 2% in 2022). It makes sense to talk to multiple lenders and get help making apples to apples comparisons.
Should You Play the Thematic ETF Lottery? by Robert Huebscher
Over the past five years these ETF’s which usually hold stocks designed to provide exposure to a specific industry or investment trend have trailed the broad U.S. market by over 9% per year with 70% higher volatility.
Bunching these three articles together. The first by Wells Fargo shows that GDP contracted in the first quarter due to a surge in imports, raising recession fears. The second by Noahpinion is a somewhat technical look at why talking about imports subtracting from GDP is misleading. The third by Charles Schwab Asset Management explains that even if we’re in a recession or might shortly be in one, it still makes sense to hold onto your stocks and allocate more to them if that was your plan since the stock market historically bottoms before the economy does. Said another way, if you wait until after the recession, stocks have made their move higher already.
GDP Contracts as Import Surge Brings Record Drag from Trade by Wells Fargo
Why do econ journalists keep making this basic mistake? by Noahpinion
Dominoes: Recessions’ History Guide by Charles Schwab Asset Management
Don’t Send Your Child Off to College Without These Four Tools by Heritage Financial
Preparing your child for college is an exciting but often hectic time. Between the college applications, housing forms, class registrations and meal plans, there is a lot to manage. One crucial aspect that is often overlooked, but should be included on every parent’s college checklist, is estate planning.
Book Recommendation
Why So Serious?: The Untold Story of NBA Champion Nikola Jokic by Mike Singer
Why So Serious? takes readers on Nikola Jokic’s long, strange, and incredibly unlikely journey to becoming the heartbeat of the champion Denver Nuggets and the best basketball player on the planet. As he traces Jokic’s transformation from his humble beginnings in Sombor, Serbia, sports journalist Mike Singer captures the witty irreverence, unparalleled competitiveness, and slight mischievousness of the MVP fondly known as “The Joker.”
Boston Corner
Politics collides with the bread and butter of the Bay State economy
