Quote of the week. “Character is much easier kept than recovered.”– Thomas Paine
Fewer “For Sale” signs. Existing home sales set a record in September – they rose by 9.4%, spurred by the federal credit for first-time buyers. (That $8,000 credit is valid through November 30.) September’s sales pace was the hottest in two years and [...]
You can plan to have your heirs inherit your IRA assets.
Can an IRA keep growing for a century or more? In theory, it can. Some people are planning to “stretch” their Individual Retirement Accounts over generations, so that their heirs can receive IRA assets accumulated after decades of tax-deferred or tax-free growth. A [...]
Quote of the week. “Life is 10% of what happens to me and 90% of how I react to it.”– John Maxwell
A consumer rebound? While U.S. retail sales fell 1.5% in September without the C.A.R.S. program, there was a hidden positive. Minus automotive purchases, total retail sales rose 0.5% last month. Economists polled by Briefing.com [...]
Presented by Mark Lund, The Investor Coach
Quote of the week. “Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.”– Thomas Jefferson
Service sector grows again. Some great news from a closely watched indicator: last month, America’s service sector grew [...]
Quote of the month. “True happiness is the full use of your powers along lines of excellence in a life affording scope.” – John F. Kennedy
The month in brief. Wall Street had a great September, concluding its best quarter in 11 years: last month, the Dow gained 2.3%, the S&P 500 3.6%, and the [...]
Presented by Mark Lund, The Investor Coach
Quote of the week. “The possible’s slow fuse is lit by the imagination.”– Emily Dickinson
Big jump in consumer spending. The C.A.R.S. program drove a 1.3% increase in personal spending for August – the biggest monthly leap north in this category since August 2001. Personal wages went up 0.2% [...]
