Musk's Move, Everyday Cheapskate, and 3 Millionaire Buys

Is there something better than a checking account? You bet                                                                                                                                                                                                                                                                                                                                                                                                                 February 14, 2024 | [Read Online]( Good morning. It's Wednesday, Feb. 14, and we're covering how to ease your money anxiety, 6 best money market funds, when the housing market will be more affordable, and much more. First time reading? [Sign up here](. Stock Market Update Market Performance: February 13, 2024. US stocks tumbled on Tuesday, falling from recent highs as investors digested a hotter-than-expected January inflation report that showed prices cooling slower than forecasts anticipated. All three major indices closed down more than 1% on the heels of the report. The Dow Jones Industrial Average (^DJI) fell 1.4%, or around 500 points, while the S&P 500 (^GSPC) saw a similar drop, after the benchmark faltered Monday in its bid to keep its historic rally above 5,000 going. [The tech-heavy Nasdaq Composite (^IXIC) led the day's sharp declines,](closing down 1.8%. Financial Maverick Insights How A Financial Planner Helped Ease My Money Anxiety Talking about money benefits all of us — and we need to do it more. Join the conversation with Worth More, our 2024 guide to better finances, from navigating savings, debt and relationships to negotiating pay raises and, above all, investing in yourself. Money advice is quite literally everywhere. Wherever I scroll, someone or something on the internet is telling me how to save, spend, and invest my money, and the overload of info out there is enough to make me never want to look at my banking app again. Sure, I’ve heard of financial planners, but to me, they seem like a Big Deal — only reserved for the most affluent, like people who’ve won the lottery, or have come into an enormous inheritance, or are millionaires looking to purchase a yacht. But after some holiday money panic and a creeping sensation that this is the year I need to get my shit together, I caved and tried one myself. What I’ve learned is that financial planners aren’t just for wealthy people who are able to spend thousands of dollars (maybe even more) a year on having someone sort out their finances — it can be affordable and accessible to people across the income spectrum, if you know where to look. [Getting a financial planner is entirely up to you, your goals, and your comfortability with letting someone into]( your intimate financial life. While I didn’t go too deep into my monetary hopes and dreams, I really wanted to use a planner’s time to make sure that I’m currently on the best possible track for myself and my bank account. 6 best money market funds in February 2024 With interest rates higher than they’ve been in some time, savers and investors are once again able to earn decent rates of return in relatively safe investments such as money market funds. Money market funds invest in short-term securities issued by governments and corporations and are available from several different brokers and fund managers. Investors in money market funds earn income, or a yield, from the securities that are held within the fund. Vanguard Federal Money Market Fund (VMFXX) The Vanguard Federal Money Market Fund invests in cash and short-term securities issued by the U.S. government. The fund aims to provide current income while maintaining a high level of liquidity. JPMorgan Prime Money Market Fund (VMVXX) [The JPMorgan Prime Money Market Fund seeks to generate current]( income while providing a high level of liquidity and a low volatility of principal. The fund invests in short-term securities that present minimal credit risk such as U.S. government securities, floating-rate debt issued by U.S. and foreign corporations and highly-rated commercial paper. Real Estate News Is The Housing Market Going To Crash? | Bankrate Yes, the housing market has cooled. But experts agree about one thing: It's not crashing. In fact, prices remain near record levels. Here's when the housing market will be more affordable With inflation seemingly not slowing as fast as anticipated, economists suggest that an immediate slashing of interest rates is off the table. 3 Bull Market Buys That Could Help You Become a Millionaire They may not thrive when the environment isn't rock solid, but these stocks are built to outperform when things are good. Personal Finance Tips Is there something out there better than a checking account? You bet Cash management accounts may not come with checks, but they do offer easy access to everyday cash—and interest rates that put both checking and savings accounts to shame. How Much Cash to Keep in Checking vs. Savings Accounts - NerdWallet Money in a checking account is easy to access, but keeping too much there means missing out on higher returns in a savings or retirement account. Everyday Cheapskate: Can I really save money at discount warehouse clubs 'You can really stretch your dollars if you are willing to stick to a few basic rules.' Alternative Investing Tech News Now: Musk's big Neuralink move, Nvidia's power grows, and more Tesla CEO Elon Musk had quite the ugly surprise near the end of January when a Delaware judge struck down his $55 billion pay package at Tesla, effectively knocking his title of "world's richest man" off the shelf. Family Office Investing Requires Mounds of Paperwork. AI Is Going to Help Family offices are studying the investment opportunities presented by artificial intelligence, of course, but they are also excited about the potential AI offers for streamlining their operations and, for one day, supporting decision-making on investments and strategy. Bitcoin bulls flirt with $69K BTC price target as crypto market nears $2T BTC price seems unstoppable even pre-Wall Street as the highest levels since late 2021 greet Bitcoin bears. Is AI going to help with the tech world? [Yes]( [No]( Reach Over 100,000 Financial Mavericks Advertise with Financial Maverick to get your brand in front of the Financial Gurus in the world. The Mavericks are high-income and highly knowledge people who are always looking for an interesting product or tool. [Get In Touch]( Share Financial Maverick Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. 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