weekly blog--one for the ages
A study released by the European Society of Cardiology concludes that you can lower your risk of suffering a heart attack or dying due to heart disease by 15% if you make coffee using a filter. The filter removes the harmful lipid-raising substances found in coffee. On average, a cup of unfiltered coffee contains 30 times more harmful substances than a filtered cup.
How much money do you need to save for retirement? Instead of calculating a lump sum, consider evaluating how much monthly income you will need. That approach reduces the number of unpredictable variables in your planning, according Kiplinger.
To start, estimate your monthly expenses in retirement, which some say that you will need about 60% to 80% of your preretirement income. Next, estimate your monthly retirement income from Social Security, pensions, savings and other sources. If your monthly expenses exceed your expected income, you will need to figure out ways to bring them into balance.
Finally, how can it be that stocks are soaring when the economy is crashing? The answer may be relatively simple: because of moves by the Federal Reserve, financial markets are awash in money, vast, water-hose supplies of money. Since March, the Fed has committed to lend or buy trillions of dollars of financial assets, which by some estimates might end up exceeding $8 trillion dollars by the time all is said and done.
However, investors who see either sharp spikes of inflation or dire reckoning ahead for stocks and bonds, warn that markets will soon head south fast and people should be more “wary of panaceas.” Analysts at Bank America posit that the recent market strength is simply a dead-cat bounce like what happened in 2008 before a more intense crash later that year.
On the flip side, clear beneficiaries of the current upheaval are doing well. Five mega-tech companies – Amazon, Apple, Microsoft, Facebook and Google – alone make up $5 trillion of market cap, and Amazon has seen its stock go up more than 30% since mid-March. Costco and Clorox have seen booming business along with Walmart, as has the video conference company Zoom.