Good morning. It's Thursday, Dec. 07, and we're covering the 70-20-10 budgeting rule, 5 ways to invest in gold, a hit in the housing market, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: December 07, 2023. | Shares fell across Asia following declines on Wall Street, pressured by weak oil prices and concerns about China's fiscal health. Treasuries slid after rallying on fresh signs of US labor market softness.
Equities were lower from Hong Kong to mainland China and Australia. That followed a third daily decline for the S&P 500, its longest stretch of losses since October. US futures were mostly steady.
GitLab jumped 11.5% after the open-source software development platform beat quarterly financial expectations and issued strong guidance for the current quarter. Nio climbed 1.5% after the Chinese electric vehicle maker reported narrowing losses in the third quarter. |
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| | Financial Maverick Insights | | | | | 5 simple ways to invest in gold as prices surge |
Gold has always been a go-to investment for investors seeking stability and a hedge against inflation — and that's especially true during times of economic uncertainty, much like what we're experiencing right now. Part of the draw is that gold offers a wide range of unique benefits to investors, from its steady, long-term historical price growth to its role in investment portfolio diversification. Those types of features, in turn, make it a good addition to nearly any portfolio.
And, with gold prices now surging — they hit a record high of $2,100 on December 4 — many would-be investors are now turning to this precious metal as a way to diversify their portfolios and protect their wealth. But investing in gold can be much different than buying stocks or putting money into real estate, and the gold market can be a little tricky to navigate if you aren't familiar with it.
But the good news is that it doesn't have to be. There are lots of simple ways for investors to capitalize on the gold rush and incorporate this valuable asset into their investment strategy.
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| | | | | | A beginner's guide to the 70-20-10 budgeting rule | Budgeting is a great way to gain control over your income. But with seemingly endless ways to divide your money, it can be helpful to follow one of the many budgeting guidelines out there. "It doesn't have to be a bajillion categories, and really time consuming. There are ways to make this actually digestible and easier," says Dani Pascarella, CFP® professional and the founder of OneEleven Financial Wellness.
A newer plan among these guidelines is the 70-20-10 budget, which can act as a foundation for a more detailed budget down the line. Here's everything you need to know to determine if this plan is the right fit for you. |
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| Real Estate News |  | How to set up your real estate database for referral success | It's time to organize your real estate database in a way that allows you to connect consistently and build relationships. |
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|  | High rates send a chill through Denver's holiday home market | While retailers here and around the country are optimistic about a great holiday shopping season in coming weeks, real estate agents are feeling no such glee as the inventory of |
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|  | Older millennials are 'feeling the hit' in this housing market, BofA finds—and a lot of it has to do with student debt | The housing market is uneven, according to the Bank of America Institute, and millennials 35 and older "face a bigger financial burden." |
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| | Personal Finance Tips |  | How a shrinking cash pile at the Fed can aid liquidity in the $26 trillion Treasury market | A popular pandemic spot for banks, money-market funds and financial institutions to park cash overnight with the Federal Reserve could provide a boost to... |
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|  | Holiday Shopping? Ten Tips To Help Calculate Your Seasonal Budget | Supply chain problems, shipping delays, and inflation can make it even tougher to create and stick to a budget during the holidays. whnt.com/taking-action/bbb-consumer-alerts/holiday-shopping-ten-tips-to-help-calculate-your-seasonal-budget |
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|  | The Real Deal: Money saving ideas to celebrate the holidays in style | Is your décor all set, and are your kids ready to have fun? |
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| | Alternative Investing |  | AI Pioneers: 3 Stocks to Profit From the Future of Technology | AI stocks will continue to thrive in 2024, and these will lead the development. |
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|  | Bitcoin the 'main beneficiary' as crypto funds notch 10-week streak | Nearly $1.8 billion flowed into crypto investment products over the last 10 weeks, which hasn't been seen since Bitcoin futures were launched in October 2021. |
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|  | Robinhood says crypto trading surged 75% in November from previous month | Robinhood said Monday that November Crypto Notional Trading Volumes were about 75% above October 2023 levels. |
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| | Do you attain financial success through crypto trading? | | | Reach Over 100,000 Financial Mavericks | Advertise with Financial Maverick to get your brand in front of the Financial Gurus in the world. The Mavericks are high-income and highly knowledge people who are always looking for an interesting product or tool. | | | Share Financial Maverick | Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! | | | DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. | |
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