Staying current with the latest news in personal finance is an important habit. The more you know, the better you will be at managing your money. Therefore, The Talking Cents blog will now offer a weekly round-up of financial news. The topics will vary. Be sure to catch it each week to read some highlights in the world of finance.
Weekly Round-Up News: May 30-June 6
In this Weekly Round-Up, there are two articles regarding financial moments from the past week. Additionally, there is an article about retirement to check out.
Retirement Investing Advice
First, let’s take a look at some retirement advice from USA Today. Here are some points to remember:
- Invest aggressively while your are young, pull back as you get older.
- Aim to invest 10-15% of your annual pretax income.
- Evaluate your retirement strategies and approach every 3-5 years.
Finally, watch this video to learn more about Growing Your Money Tree.
Clues in the Economy That Lead to Recession
An article from CNN Business reveals clues to watch out for that mean the country is heading for a recession. This is important to note to try and stay a beat ahead of the game. Here are the main clues to look for:
- Manufacturing is weakening
- Industrial commodities are falling
- Watch the Leading Economic Index
Beyond Meat Stocks Soar
As a fan of their products, I had to include the good fortune the vegan company Beyond Meat is having on the stock market. CNBC reports on the stock market boom from Beyond Meat.
After going public, they reported their earnings this past week. In 2018, the company reported 87.9 million and a net loss of $4.75 per share. Additionally, “Beyond Meat surged more than 160% in its first day trading on the public markets and has now soared nearly 300% above its initial public offering price, giving the company a market value of $5.8 billion.”
Hopefully, you have enjoyed getting a few insights into some of the past week’s financial topics. Stay ahead of the curve and managing your money well.
See you next Friday for the Weekly Round-Up!