Sergio Mendoza Hochmann | Moment | Getty ImagesMany investors unknowingly make a costly mistake when rolling their money from a 401(k) plan to an individual retirement account: leaving their money in cash.Rollovers from a workplace retirement plan to an IRA are common after reaching certain milestones like changing jobs or...
Category: Finance
Stocks often drop in September — but many investors shouldn’t care
Traders on the New York Stock Exchange floor on Sept. 9, 2024.Spencer Platt | Getty Images News | Getty ImagesSeptember historically hasn't been kind to stock investors.Since 1926, U.S. large-cap stocks have lost an average 0.9% in September, according to data from Morningstar Direct. September is the only month during...
Using ETFs to capture momentum during the market’s wild swings
September is living up to its reputation as a volatile month, and this creates more challenges to the Big Tech trade. But one low-volatility ETF is still betting big on it.Alliance Bernstein is behind the AB US Low Volatility Equity ETF. According to FactSet, its top three holdings include megacap...
Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
David Solomon, CEO of Goldman Sachs, during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York on Aug. 6, 2024.Jeenah Moon | Bloomberg | Getty ImagesGoldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind...
ETFs are on pace to break record annual inflows, but this wild card could change it all
Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end."With that $6 trillion plus parked in money market funds, I do think that is really the biggest wild card for the remainder of the...