As sure as your summer tan is going to leave you pale, the coming market volatility will turn you white with fear if you’re not prepared.
Sure enough, volatility’s been reasonably subdued this summer… but summer’s over.
When most investors think about volatility they think about the VIX, the Chicago Board Options Exchange (CBOE) Volatility Index. Often referred to as the fear index, the VIX represents one measure of the market’s expectations of market volatility over the next 30 days.
And the next 30 days are absolutely crucial to the markets.
It’s a great day when a mega-profitable industry that sucks money out of us for services we can’t live without has to change how it lines its pockets.
And that day has come for insurance companies.
We’ve been talking at length about the new economic disruptors that are forcing change in everything from public policy to the financial markets.
And even the powerful insurance carriers aren’t immune.
Thanks to these Disruptors, you can you bring down your cost of health and auto insurance – benefitting the consumer side of your personal ledger.
You can also bolster the investment side of your ledger: Disruptors are upending the insurance industry, meaning you can make money by betting against insurance dinosaurs whose business models are under attack.
It’s Monday – and if you’re looking for a cheap mortgage to buy a new home, today should be a good day.
That’s because today the 50-basis point premium cut from the Federal Housing Administration (FHA) went into effect.
So with practically nothing down, unless you consider 3.5% down something, you can get a cheap loan through the FHA, one of those government agencies that was supposed to be getting out of that business.
But here’s a tip. Don’t be in a rush today – or tomorrow, for that matter.
If you’re about to become a college student, if you’re already a college student, or if you’re simply in debt and need more credit and plan on becoming a student again, you’re in luck.
Financial services giants Discover Financial Services Inc. (NYSE: DFS), Capital One Financial Corp. (NYSE: COF), Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C), and U.S Bancorp (NYSE: USB), to name a few players in the student credit game, are bending over backward for you.
The folks at Discover want you to “Get the card for college and beyond.” They’ve named and registered it as “Discover it chrome for Students” because, after all, they’re “Looking out for you.”
But they aren’t the only do-gooders looking out for you. You can also apply for the Capital One Journey Student Rewards Credit Card, the Bank of Americard for Students, the U.S. Bank College Visa Card, or the Citi Dividend Platinum Select Visa Card for College Students.
By the time you’re reading this, I’ll be 30,000 feet in the air – if my plane’s not delayed further.
While that doesn’t matter to you, it does to me… if we crash.
What’s relevant about my flying today is that this morning on my way to the airport, in the back of a cab in dead slow traffic, I started thinking about airplanes and stock-market crashes.
The Dow Jones Industrial Average closed on Thursday higher than it’s ever been. In fact, it’s now well over halfway to 30,000 feet. It can cruise along comfortably and keep rising from here, for sure.
What’s worrying me this morning, besides almost missing my flight, is that, to get the U.S. and global economies to liftoff speed, the Federal Reserve has spent almost $4 trillion. (I considered writing that number out here, with all those zeros for dramatic effect, but thought, This isn’t a funny piece I’m writing – it’s serious.) And globally, central bankers have spent another, maybe, $6 trillion.