Monthly Archives: May 2017

How Consumers in Different Income Brackets Spend Money

Different Priorities for People in Different Income Groups According to the U.S. Bureau of Labor Statistics, people from across the income spectrum have different priorities when it comes to their spending. The graph below from shows average spending patterns for U.S. households in 3 income categories — one just below the poverty line, one at the middle of the… Read More »

BlackRock’s Investment Outlook for 2017

Investment Outlook BlackRock, Inc. based in New York City, is the world’s largest asset manager with $5.4 trillion ($5,400,000,000,000) assets under management, which is even more than what Vanguard has. Due to its power and influence, BlackRock is often referred to as the world’s largest shadow bank. So when this company releases a report, investors tend to pay… Read More »

April 2017 Fiscal Update – New High for Nasdaq

Stocks Continue to Climb Technology stocks in the U.S. have recently performed exceptionally well. The Nasdaq index (full of technology stocks) reached a new high, passing 6,000 points. Stock markets reaching new highs is actually quite common. On average, this happens about once a month. But unlike the tech bubble of 2000, this time I believe technology giants… Read More »