What’s the best way to protect your investments in this volatile market? You can avoid serious losses by taking the right steps, according to the Schwab Center for Financial Research. Investment analysts are trying to predict the next recession, but their numbers may be off this time. Bloomberg editor Robert Burgess discusses how to evaluate the recession chatter. Every child should have a Roth IRA. Stacy Francis of CNBC explains how to give your kids a financial head start.
Stock Market Volatility: Schwab’s Quick Take — Markets have grown more volatile as the Fed’s plans for tamping down historically high levels of inflation have evolved in the face of persistent price increases. Liz Ann Sonders, Schwab’s chief investment strategist says, “As monetary conditions tighten against a backdrop of high oil prices, war in Ukraine, and a lingering pandemic, the risk of recession increases. Equity investors should limit their risk-taking and use rebalancing to maintain strategic allocations.” Read more…
Recession Predictions Are Piling Up. Don’t Freak Out — The Fed faces an almost impossible task of controlling inflation without seriously damaging the economy. Projecting the economy two years out is almost impossible in normal times, let alone coming out of a pandemic accompanied by unprecedented stimulus. Sure, many headwinds will weigh on growth, but there are plenty of tailwinds as well. Read more…
Why You Should Open A Roth Individual Retirement Account For Your Kids — There are no age restrictions on Roth IRA accounts, and parents can use them to help their kids get a head start on both retirement savings and wealth-building goals. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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