Filed Under:
Taxes by:
talkfinance
With the world in recovery mode, many people still question, the markets were so out of control. They also questioned something a little closer to home, their own finances.
Some people will look for more tax efficient investments. Others will want to diversify their existing portfolios, as well as look at new investment opportunities. I do not think many of us who do not benefit from putting more thought and effort in these key areas.
One thing that you see in the newspapers and financial websites is in the fact that more and more people refuse to just having to retire and a few stocks and bonds.
There are disadvantages of all forms of investment and the spread bets you need to be especially careful, because you can lose more than your original stake.
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Filed Under:
Stock by:
talkfinance
The markets finished the week down slightly, with the Dow having its second weekly drop in a row. The Dow opened the week at around 8530 and thanks to a 34.01 point drop on Friday it finished the week at 8438.39. Government data released this week showed personal spending increased 0.3 percent in May along with personal income rising 1.4 percent. However, the additional income was not spent in the marketplace as the savings rate rose to a 15 year high of 6.9 percent.
Oil prices have mirrored how stock markets have been trading over the last few months and were down 1.07 on Friday, ending the week at 69.16 a barrel. That helped bolster losses in energy stocks on Friday with Chevon (CVX.N) down 1.4 percent to 146.74 ending the week down 1.13 points or 1.68 percent and Exxon Mobil Corp (XOM.N) dropping 1.2 percent to 69.05 a share putting the stock in the red for the week by 1.05 points or 1.49 percent. The Dow ended down 1.2 percent on the week after several relatively volatile sessions and is now down 4.1 percent over the past two weeks.
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