Good morning. It's Wednesday, Dec. 06, and we're covering the key to financial independence, top six reasons you should start saving for your next vacation, double digit sales growth, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: December 06, 2023. | The Dow Jones Industrial Average and the S&P 500 slid on Tuesday as a recent rally on Wall Street lost steam.
The 30-stock Dow slid 79.88 points, or 0.22%, to close at 36,124.56. The S&P 500 inched lower by 0.06% to 4,567.18. The Nasdaq Composite gained 0.31% to end at 14,229.91 as technology shares outperformed.
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.
Tuesday's moves follow Monday's losing session for all three indexes, which called into question whether the market had run up too far too fast. Monday's pullback came on the heels of five consecutive positive weeks for the three averages. |
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| | Financial Maverick Insights | | | | | Key to financial independence - Smart savings and investment options |
I remember when I had first started my professional career at a multi-national bank, getting a substantial amount of salary at the end of the month was something new to me and something very exciting. Prior to that, I was not financially independent and was happy with whatever pocket money my husband gave me.
After joining the workforce, two important things happened to me — I got my own identity and I got my own financial independence, at least up to an extent. It felt exhilarating! The only thing I forgot was that I needed to save.
Warren Buffet, the billionaire and one of the most renowned fundamental investors in the world, one said, "The biggest mistake is not learning the habit of saving properly. Do not save what is left after spending, but spend what is left after saving."
Here are some good savings schemes you can avail.
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| | | | | | Top 6 reasons you should start saving for your next vacation now | With holiday travel around the corner, you might already be thinking ahead to a spring or summer getaway in 2024. If you're daydreaming about a big vacation, then it's time to start thinking about saving money now.
While 2024 travel might seem ages away, getting a start on saving for next year's vacation can pay out in more ways than one, especially if you use a high-yield savings account like a Marcus Online Savings Account.
Read more to learn why saving ahead can give your next vacation a major upgrade. |
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| Real Estate News |  | These housing markets are expected to see double digit sales growth in 2024 | Economists with Realtor.com analyzed the top markets that will see the biggest sales growth in the new year. |
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|  | Ideas To Make Money While Sleeping - Ideas And Strategies For Financial Freedom | From real estate crowdfunding to building mobile apps, explore diverse strategies for creating passive income. |
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|  | San Francisco home price drops $10 million as housing market collapses | San Francisco mansion sells for $10M less, mirroring a citywide trend as the U.S. housing market faces a downturn. |
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| | Personal Finance Tips |  | Here's where to invest your cash to save on taxes in 2024 | If you're worried about higher taxes on high-yield savings or money market mutual funds, here are some options to consider for cash in 2024, experts say. |
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|  | Is Buying a Salvage Title Car a Good Idea? | Should You Buy a Salvage Title Car? Explore the Pros and Cons. |
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|  | The Best Cost Savings Ideas Small Businesses Can Use to Save Money | Of the 90 percent of startups that fail, money is the root of the problem. Stay out of that trap with these cost savings ideas for your small business. |
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| | Alternative Investing |  | Elon Musk is looking to raise $1 billion for xAI | Elon Musk is looking to raise 1/44 of a Twitter for his AI company, xAI. In other words, the man behind Tesla, SpaceX and X is seeking $1 billion in funding for his next venture. |
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|  | CEO of $1.5 Trillion Investment Firm Reveals Crypto Investments, Says She Holds Bitcoin and Three Altcoins | The chief executive of a $1.5 trillion investment firm says she's bullish on blockchain technology and is a crypto investor. |
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|  | Crypto mining firm Phoenix rises 50% on first day of trading after $370 million IPO | Shares in crypto mining firm Phoenix Group rose by around 50% on its first day of trading on the Abu Dhabi Securities Exchange (ADX) today, following its $370 million IPO. |
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| | Do I need to explore diverse strategies for creating passive income? | | | 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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