Why the Federal Reserve should hold rates steady in NovemberAnd this is Yahoo finances guide to building your financial footprint.
And this comes despite recent commentary from FED officials that they'll continue to cut rates at least in the near term.So what's this all tell us about what investors are thinking about the long term outlook for markets and what the Fed ultimately decides to do. And if all of a sudden the labor data moves the wrong direction after this recent cut or the inflation data bumps back higher, the market needs to quickly reprice inflation expectations going forward, reprice the bond market with yield moving higher which will probably lead to an equity market pull back as well.
And so I think there's a two headed issue here for the fed to deal with part, they can probably help on their own part.So from an investor's standpoint, but the portfolio that's balanced, don't rely on any macro outcome, whether it's inflation or GDP with the balanced portfolio with both defensive and offensive holdings within it.
There's only a small subset of companies up cap that really have that ability in the middle of our life cycle when we have the most ability to control our destiny with the least amount of relative risk. They've invested through Capex and R and D in areas that will allow them to one lower their, their cost of manufacture to be the lowest cost provider in their entire market.The result of this will be a more stable, predictable, higher quality cash stream with better margins and ultimately the ability to use their own capital.
Uh Gen X and of course, millennials and Gen Zs, but it's more because they feel like they're falling behind in their saving for retirement.How would you describe that more risk is willingness to take on probably past their traditional age allocation of having more equities in their portfolios.There's, there's a barrier actually in your 401k to do that first.
So making sure that you're keeping track and being engaged in your investment product, especially in that time period, 5 to 10 years before you think you're gonna retire. Plenty of research shows that in every election, regardless of which party win or which candidate may win, uh The long term effects are not that different.
So is there steps you could take to really ensure that you can maybe uh meet that mark and retire earlier than?So the average expecting life expectancy is about 80 now. Now these offer lower interest rates than personal loans and credit cards and some of these improvements are tax deductible, but this does mean that you're using your home as collateral.What about other options?
Now, according to trade publication, remodeling the top three renovations that give you the best return on your investment are replacing your garage doors, your front doors and switching out vinyl siding for stone veneer.Now, the retailer announced it's cutting prices on more than 2000 items this holiday season to ease some of the strain on consumers.
And that's not all the standard deduction, which is a dollar amount a taxpayer can subtract from their adjusted gross income to reduce their taxable income is rising too.That's up about 5, 800 bucks compared to 2024 and single filers can claim 15,000.It's time for our wealth tip of the day hedging against short term volatility with the presidential election just two weeks away.
Economists have also said that a possible Trump could lead to higher inflation over time due to his proposed tax cuts and push for more tariffs that would force a higher interest rate policy from the fed.