From Bitcoin To Bust, Cash App Reports, and 5 Big Markets

Are People Fundamentally Greedy or Generous with Money?                                                                                                                                                                                                                                                                                                                                                                                                                 December 02, 2023 | [Read Online]( Good morning. It's Saturday, Dec. 02, and we're covering money mistakes, why cash is still king, ramped up referrals, and much more. First time reading? [Sign up here](. Stock Market Update Market Performance: December 02, 2023. The top stocks have the performance of well-run companies, a steady performance, and the potential for future growth. They typically have strong fundamentals: consistent earnings, prudent levels of corporate debt, and an edge in their markets. These stocks don't just offer the prospect of capital appreciation as their stocks rise but often distribute dividends for those seeking passive income. In addition, top stocks turn over more shares and thus have plenty of liquidity to reduce your transaction costs. Investors often compare top stocks against the Russell 3000 Index, a broad measure of the U.S. stock market comprising 3,000 large publicly traded companies or 96% of the investable U.S. equity market. 1 [Over the past 12 months, the benchmark has gained]( 14.9%, while its leading two components have each risen by more than 400%. Financial Maverick Insights This Money Mistake Feels Like It's Saving You Cash, But It Could Be Costing You Instead “Spaving is the act of spending money to save money,” Andrea Woroch, a consumer finance and budgeting expert, told HuffPost. “But just because something is on sale doesn’t mean it’s a good deal if you don’t need it. That $10 sweater is still $10 coming out of your bank account or being added to a credit card that can accumulate interest.” Spavers can’t resist a sale, as it fosters the idea that you are saving money in the long term by spending money now that you wouldn’t have spent otherwise. You might end up buying things that you don’t really need just to get a good deal. Woroch noted that sales create a sense of urgency with buzzy terms like “one day only,” “limited time, “daily deal” and “flash sale” ― making customers feel like they’ll waste a rare opportunity if they don’t pounce. [For some people, spaving leads to credit card debt,](which can mean paying interest that far exceeds whatever was saved in the sales deal. Cash is still king, says Barclays. Here are its recommendations. Benchmark Treasury yields are back within several basis points of their highest level in about 16 years. And stocks don’t like it. Early futures action on Thursday points to the S&P 500 recording a third day of losses in a row. It’s a picture that strategists at Barclays, led by Ajay Rajadhyaksha, think leaves both stocks and bonds looking unattractive. They expect weakness in U.S. economic growth in the first half of 2024 as excess savings are depleted, but this may still require the Federal Reserve to keep interest rates higher for longer relative to the market’s current expectations. Weak demand from China means many commodities may struggle too. [Even though Barclays is not keen on equities,](its third theme is that U.S. stocks will outperform the rest of the world. “[W]ith China flirting with deflation and Europe with stagnation, U.S. stocks (and Japan to a degree) should benefit from the ‘there is no alternative’ phenomenon,” says the bank. Also, the negative U.S earnings revision cycle has likely troughed, while those developed market more sensitive to China, such as Germany’s DAX , will struggle. Real Estate News I’m a Professional Real Estate Investor: These Are the 5 Markets I’m Predicting Will Be Huge in 2024 If you're looking to enter the real estate investing world next year, now is a good time to start thinking about where to buy property. 20 US cities where home prices are expected to fall next year Amid economic changes, 20 major U.S. cities brace for falling home prices in 2024, signaling a potential market shift. Ramping up referral business is more important than ever Uncertainty is putting pressure on agents' databases. Hot leads have simmered, and suddenly business is harder to come by. Personal Finance Tips Do You Make Money via Venmo, PayPal or Cash App? What the IRS 1099-K Delay Means for You You may not receive 1099-Ks next year, but you're still on the hook for reporting your freelance income. Average Cost Of A Vacation: Transportation, Food, Entertainment | Bankrate The average cost of a one-week vacation in the U.S. for one person is $1,558. Are People Fundamentally Greedy or Generous with Money? The TED organization gave people $10,000 to find out. Alternative Investing Crypto stocks have notched blistering triple-digit rallies this year Crypto-linked stocks like Coinbase and MicroStrategy have soared in 2023. Bitcoin to bust: World’s biggest Ponzi scheme could cause more heartache for Australians When South African alleged conman Johann Steynberg was led away in handcuffs after being tracked down by police in the Brazilian city of Goiânia two years ago, many of his investors – including thousands of Australians – thought their nightmare was over. Nvidia Stock Isn't the Only Way to Play AI. Super Micro and Vertiv Could Be Big Winners. Nvidia is the clear—and most obvious—beneficiary from the AI buildout but there are two other companies that are less well known to investors that should equally benefit in the year ahead. Do you actively invest in stocks? 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