Redhawk Market Update for 1/18/12
by Barney Coelho | on January 18, 2012
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Market Perspective |
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Stocks rose on Tuesday as the Empire State Manufacturing Index expanded in January at the best pace in nine months. In Europe, German investor confidence rose the most on record in January, and Spanish borrowing costs fell as investors ignored last week’s S&P downgrades of nine European countries, including Spain. The Dow, the S&P 500 and NASDAQ gained 0.48%, 0.33%, and 0.64%, respectively. |
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| Will Retire Wednesday | |
| Recently, there was an inspirational story of a 14 year old that has already saved $10,000 and invests most of the money in stocks. Fabian Hernandez-Han started saving at age 10. For youngsters playing sports, parents had decided to give out trophies to each participant, win or lose. Fabian asked his mother how much they cost. Instead of a trophy, Fabian turned it in for $10. In January of 2011, the New York Stock Exchange sponsored a competition where the challenge was to create something to teach other kids how to save and invest. Fabian created an iPhone app called Oink-a-Saurus and won first place. One of Fabian’s smartest quotes was that his generation could not count on Social Security being there for them 60 years in the future. There are other examples of children cutting lawns, raking leaves, babysitting and other paid jobs that would allow for contributions to a Roth IRA, assuming they have filed a tax return to prove earned income. The power of compounding for a fifty or sixty year period could realize millions for retirement.*Yahoo For more info:
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About The Author: Barney Coelho
I am passionate about helping people use their God-given talents to reach their full potential and live life to the fullest. I believe the concept that "To whom much has been given, much will be expected" and that "You can have anything you want in life if you help enough other people get what they want." I have been blessed to have great mentors pour into my professional and personal life, and I feel privileged to "Pay it Forward!" None of the information presented in this article should be viewed as investment advice. The information in this report in no way attempts to provide accounting, legal or tax advice. You should always consult your legal, financial and tax advisors before acting on any information contained in this article. Additional information is available upon request.
