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How Much Should I Have Saved for Retirement by Age 60?

If you’re around 60-years old, you may be wondering, “How much should I have saved for retirement by age 60?” After all, by age 60 you are likely either ready to retire or getting close.
The truth is, there is no easy answer to this question. The amount you should have saved by age 60 will depend upon your current lifestyle and the lifestyle you want to live in retirement.
True financial freedom in retirement means you can enjoy the life you want to live free from worry or anxiety about money. So how much money does a 60-year old person need …read more […]

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Make Your Fortune From “Variant Perception”

The market is in a constant ebb and flow, regularly influenced by the latest headlines.
Today, Nicholas Vardy explains how variant perception offers a different way of looking at things… and a whole new investment strategy.

“Variant perception is the effort to become sufficiently knowledgeable about whatever the subject is, that at a time to be at variance from consensus, because one of the few sure ways to make money in the market is to have a view that is off consensus and have that view turned out to be right.”
– Michael Steinhardt
The phrase “variant perception” was coined by an irascible stock …read more […]

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Peloton Shares Climb With Fitness Buffs Steering Clear of Gyms

(Bloomberg) — Peloton Interactive Inc. climbed to near all-time highs after Evercore ISI analysts said that gym goers are unlikely to return to in-person fitness routines once economies begin to open.Shares of the interactive exercise company have rallied 71% this year and are up 170% from their March lows as nationwide stay-at-home orders forced people to alter their work-out routines. In May, the company reported third-quarter revenue jumped 66% and raised its outlook for full-year sales and connected-fitness subscribers.Early digital data from states including Texas, Georgia, Florida and Ohio that have begun to reopen gyms suggests people remain reluctant to …read more […]

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U.S. sanctions four shipping firms for transporting Venezuelan oil

Marshall Islands-based Afranav Maritime Ltd, Adamant Maritime Ltd and Sanibel Shiptrade Ltd, as well as Greece-based Seacomber Ltd, all own tankers that lifted Venezuelan oil between February and April of this year, the Treasury Department said. “These companies are transporting oil that was effectively stolen from the Venezuelan people,” Secretary of State Mike Pompeo said in a statement. …read more […]

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Stimulus a ‘failure’ so far; used to ‘prop up the stock market’: Congressional Oversight Commission Member

Bharat Ramamurti, Managing Director of the Corporate Power program at the Roosevelt Institute & Member of the Congressional Oversight Commission joins Yahoo Finance’s On The Move panel to break down the importance of the CARES ACT. …read more […]

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3 Cheap Stocks to Buy Now for $10 or Less

Are you looking for cheap stocks to buy now while the market is regaining momentum? Well, you aren’t the only one. In fact, many investors are taking advantage of the volatile market to buy stocks that are trading for less than $10.
However, what do you consider to be a cheap stock? Some people will narrow it down to penny stocks, which commonly trade for less than $5. Others won’t put a number on at all. Instead, they’ll look at massive drops in share price as an indicator. Let’s dig a little deeper below and identify three stocks to keep a …read more […]

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Hedge Funds Aren’t Done Buying Peloton Interactive, Inc. (PTON)

In this article we will check out the progression of hedge fund sentiment towards Peloton Interactive, Inc. (NASDAQ:PTON) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […] …read more […]