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Star Wars has plenty of lessons on money and life management. Here are key insights. Ignore the Special Effects, What’s the Story? Translated from George Lucasspeak, this means you have to ignore short-term events and focus on the big picture. Know the Dark Side of the Force. Know what kind of risk you can tolerate and how much money you can afford to lose given your age. Reconsider Retirement. ...
The market went through an adjustment period, with average returns falling from 14 percent before the rate hike to 2.6 percent 250 days afterward. By 500 days, returns returned to their pre-hike average of around 14 percent. Chair Yellen announced that, for the first time in seven years, easy money will become slightly less easy. The target rate will be set at between 0.25 and 0.50 percent, which doesn’t sound like much, but it’s important. ...
The Federal Reserve has decided to raise interest rates by 0.25%. Here's what the move means for your student loans, mortgages, credit cards, and all other facets of your wallet. Bankrate’s McBride noted that adjustable-rate mortgages only adjust once per year — so it’s not as if you will see your payments fluctuating on a monthly basis. However, this means that “the Fed could raise rates two or three times becore your rate adjusts. Then ...
He was short, scrawny and balding, with a face like an old boot. But Frank Sinatra wound up owning the world. How? That the immigrants’ son from Hoboken rose to the dizziest heights of showbiz and American society is, frankly, astounding. Did you know that the word “frankly” was derived from him? Okay, not really, but it seems like it should be: Frank was the epitome of frank, i.e., in-your-face, pull-no-punches, take-no-prisoners candid. And I’m talking only about his singing—not the people he ...
Ben Bernanke waited for certainty before making changes to monetary policy. Under Bernanke, the Fed took far longer than expected to taper its third round of bond buying. Yellen and members of the FOMC, although they would surely send markets scrambling, might not be entirely crazy to ask for more time before raising rates. Two justifications for raising rates are steady jobs gains over the course of 2015, which have brought the unemployment ...
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