ICYMI: A Young Reader Asks, Should I Start Investing in Real Estate? – Investing in rental properties is a great way to build wealth. Regardless of whether you’re starting out like this reader, or further along in your financial journey, I share some thoughts on how to build more capital and think about where real estate fits into your approach.
This Time Is Not Different For China by Wells Fargo
China’s potential fiscal stimulus push after well-received monetary policy announcements have investors excited that Chinese stocks are waking up from a five-year slump. This Wells Fargo commentary is taking the other side and suggests that investors will be disappointed and the economy will grow below expectations.
Ruminating on Asset Allocation by Howard Marks
Marks’s latest shares that asset allocation approaches have gotten too complicated, and there’s only two asset classes: ownership (stocks, private equity, and real assets) and debt (bonds, etc.). The major allocation decisions are how much growth and capital protection you want, and whether you’re targeting the right return for level of risk you’re taking. Expected debt returns are higher than they were during the low-interest rate environment, and Marks encourages more debt investing today although the memo’s point is the framework and not specific recommendations.
Daffy Charitable Fund launches novel private stock donations for workplaces by GamesBeat
A new platform allows chartable fund donations of private investments.
We’re All Becoming Homebodies—and It’s Having Surprising Impacts on Our Health, New Study Says by Real Simple
Between 2003 and 2019 we spent an additional thirty minutes a day at home, and since 2019 that number has increased to ninety minutes. Working from home, online ordering replacing errands, social apps connecting you to friends, and more sleep are some reasons why. There are benefits, but we’re also disconnected from friends and volunteering less.
Cybersecurity Awareness Month Tips by Heritage Financial
October is Cybersecurity Awareness Month and at Heritage we’re using it as an opportunity to highlight some ways that you can protect your information from the rise in complex fraudulent schemes. From using complex passwords to being wary of suspicious emails, here are some tips to help you stay diligent against fraud.
Book Recommendation
Dream: The Life and Legacy of Hakeem Olajuwon by Mirin Fader
The life and legacy of pioneering international basketball superstar Hakeem Olajuwon, a two‑time NBA champion whose Hall of Fame career forever changed the game, both in the United States and around the globe—from the New York Times bestselling author of Giannis, Mirin Fader.
Boston Corner
Manufacturing jobs are back, except in states like Massachusetts
U.S. manufacturing jobs have reached pre-pandemic levels, but not in Mass which is losing those jobs to the Sun Belt cities.
New England Economic Conditions Through October 15, 2024
New England unemployment increased by .3% year-over-year, inflation is higher than the national average, house price growth has slowed down, and Boston’s commercial real estate market has higher vacancy rates than the national average with rents remaining stagnant.
