Early 2022 was a period most investors would prefer to forget. Stocks slumped, and the bond market suffered its worst rout in more than 40 years. There was no shortage of culprits: soaring energy prices, rising inflation, higher interest rates and new geopolitical risk in the form of the horrifying war in Ukraine.
Moreover, the Federal Reserve Board, which underestimated the extent of the inflation challenge, is swiftly pivoting to a hawkish monetary policy. “The Fed is laughably far behind the curve,” says Spenser Lerner, head of multiasset solutions at Harbor Capital Advisors. He expects the central bank to jack up the Federal Funds Rate (the rate that banks charge each other for overnight loans) from a current 0.25%- to-0.50% target range (as of mid April) to at least 2.75% by 2023. At the same time, the Fed will flip from the massive bond-buying program known as quantitative easing, which it favored during the COVID-19-era economy, to quantitative tightening. That means shrinking its bloated rate hikes). Weaker stock prices combined with strong corporate earnings and dividend increases have created some opportunities in income stocks. Shares of closed-end funds are selling at steeper discounts to the value of the assets in their portfolios, due to market volatility. Energy shortages and surging prices have made oil and gas pipelines—including master limited partnerships—a hot sector again.
هذه القصة مأخوذة من طبعة June 2022 من Kiplinger's Personal Finance.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 2022 من Kiplinger's Personal Finance.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
A SOLID YEAR FOR THE KIPLINGER 25
All but one of our favorite actively managed, no-load mutual funds gained ground as markets recovered.
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IT'S NOT YOUR IMAGINATION: YOUR CEREAL BOX IS SHRINKING
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AT&T, T-Mobile and Verizon dominate the market, but smaller outfits offer similar network coverage at lower prices.
MAKING HOME ENERGY MORE AFFORDABLE
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A HEAD START FOR SAVERS
The Saver's Credit is designed to help low- and middleincome taxpayers contribute to a retirement account.
Say I Love You With a Money Date
To nurture a lasting bond with your partner, meet regularly to talk about money.
Plan for Your Own Elder Care
AFTER I wrote a series of columns in 2022 about elder care planning for family members, I received a number of responses like this one: “What about married couples who have no children or whose family members don’t live nearby?” wrote one reader. “Or a single individual with no close relatives? How should these people plan for their own elder care?”