The Most Important Step When Saving for Retirement

Posted on by Matt Thalman

A recent survey from Vanguard showed the median account balance for Americans 65 and older was just $87,700. The median amount saved by Americans aged 55 to 64 was just $89,700. The average for both age groups was much higher at $256 thousand for 55 to 64-year-olds and $280 thousand for those 65 and older.

However, these numbers are very concerning, considering these individuals are either in retirement or near retirement age and don't have enough saved up to retire.

The reality is that while the amount of money those in their 50s, 60s, and older have saved for retirement is not likely enough to give them the retirement that many of us dream about, there is not much we can do to help them at this point.

Many of the greatest investors of our time have all used the power of compounding returns to grow their vast fortunes. Warren Buffet, one of the wealthiest individuals in the world, while an outstanding investor in his own right, acquired the vast majority of his wealth late in life because of the power of compounding returns, not extraordinary investment picks.

Unfortunately, those in their 50s or older just don't have as much time on their side as is required to realize the power of compounding investment returns.

While the younger generations have more time and opportunities to grow their investment wealth, the issue is that many young people don't understand the importance of investing when young. A recent report from Morning Consult showed that half of Americans aged 18 to 34 were not yet saving for retirement, and only 39% of those who were, started in their 20s.

We often hear the same old lines from those who now wish they had saved or even just started investing earlier in life. "I was never told/taught about investing." "No one explained why investing young was crucial to growing a large investment account." "I just didn't have enough money to save when I was young/younger." There are obviously more excuses, but in my experience, these are the top three.

If you are reading this article, you care about your investments. Therefore, you either had someone explain to you the importance of investing, or you taught yourself after realizing why investing was so important. Continue reading "The Most Important Step When Saving for Retirement" →

Chart Spotlight: Canadian Solar (CSIQ)

Posted on by Ian Cooper

Over the last few weeks, I highlighted a few opportunities with Chart Spotlight.

  • On July 13, for example, I highlighted Generac Holdings (GNRC), as it traded around $212. It’s now up to $265.50.
  • On July 26, I highlighted Albemarle (ALB), as it traded at $224. It’s now up to $280.15.
  • On August 3, I highlighted Marathon Digital Holdings (MARA), as it traded around $13. It’s now up to $15.26, and could still move higher with Bitcoin.
  • On August 5, I spoke about Tellurian (TELL), as it traded at $3.15. It’s now at $4.35.

With the help of the screeners at MarketClub, that’s not bad at all.

Today, I'm taking a look at solar stocks, like Canadian Solar (CSIQ), which MarketClub is rating with a strong +100. Not only is this an indication of a strong long-term trend, it’s also telling us the intermediate and short-term trend is up for CSIQ, as well.

In fact according to the Chart Analysis Score, at a +100, CSIQ is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CSIQ continues to climb. MarketClub's most recent green monthly Trade Triangle occurred on August 5 at $38.18.

CSIQ Chart With Trade Triangles

Source: MarketClub

Continue reading "Chart Spotlight: Canadian Solar (CSIQ)" →

5 Reasons To Still Be Bearish

Posted on by The INO.com Team

Please enjoy this updated version of weekly commentary from the Reitmeister Total Return newsletter. Steve Reitmeister is the CEO of StockNews.com and Editor of the Reitmeister Total Return.

Click Here to learn more about Reitmeister Total Return

The recent rally in stocks (SPY) has been impressive. But it is still officially a bear market and there are 5 reasons that bears will not be waving a white flag soon. Lets review why stocks rallied… why they are likely to stall at this level… and the 5 reasons why the bearish argument will likely win the day.

Stocks have been rising nearly unabated for 2 months. A lot of that was because it was easy for stocks to “climb the wall of worry” created by the initial decline into bear market territory.

Meaning that it was fairly easy to find just enough silver linings or things not going as bad as advertised for stocks to bounce from that recent bottom. However, as we are finding out now… all good things must end.

Meaning that investors finally found resistance at the 200 day moving average of the S&P 500 (SPY) at 4,326 and retreated quickly from that mark into the finish line on Tuesday. Expect this level to denote the near term highs for the market as we likely enter a consolidation period with trading range to follow.

Why? And what is the parameters of this trading range? And what will cause us to break out of the range?

Market Commentary

Technically speaking… we are still in a bear market. That certainly is confusing to many investors given several weeks of upward price action. So let me spell it out for y’all.

The definition of a bull market is when you come out of a bear market and have risen 20% from the bottom. Well the recent bottom for the S&P 500 (SPY) is 3,636.87 and yet yesterday we closed at 4,305.20 which is 18.38% above the lows. Continue reading "5 Reasons To Still Be Bearish" →

Look For Pullbacks In These 2 Retail Stocks

Posted on by Taylor Dart

It’s been a roller coaster ride of a year for investors, with the S&P-500 (SPY) finding itself down more than 20% year-to-date in one of its worst starts ever before clawing back following a slight deceleration in CPI sequentially (8.5% vs. 9.1%).

One of the hardest hit groups this year has been the Retail Sector (XRT), with a considerable portion of the sector suffering when consumers adjust their spending habits.

While this has led to some investors steering clear of the sector, some names tilt more towards staples than their peers, like Walmart (WMT), and some discretionary names have seen large enough corrections that a harder-than-expected landing for the economy looks mostly priced in.

One stock that fits the second bill is American Eagle Outfitters (AEO), which is down over 65% from last year’s highs even after its recent rally.

While I wouldn’t be in a rush to buy either name with the market short-term extended, I believe they belong at the top of one’s watchlist if they pull back towards support. Let’s take a look below: Continue reading "Look For Pullbacks In These 2 Retail Stocks" →

Sneak Peek: Bear Market '22

Posted on by Trader Travis

Every month, I release a new video for MarketClub members...

I cover everything from current market conditions and trading lessons learned (good and bad), to stocks on my watch list, questions I receive from members, and more.

Here is a sneak peek of my August Bonus Training Video.

Today’s theme is Bear Market ’22... shocker right?! Well, this one is a good one and I’m going to cover a lot so let’s jump in!

The good news is, we’re in a solid bear market rally and just flashed a monthly Trade Triangle in the big 3! I’ll look back at past bear market rallies and show you how the Trade Triangles have been an excellent indicator of changes and traps in the past (including getting you out before a 20% pullback in the most recent bear market). I’ll show you what I’m looking at and what to be cautious of.

Now full disclosure, even though we’ve seen these new Triangles issued, my gut tells me we haven’t seen the end of this bear market. But guess what? THE MARKET DOESNT CARE WHAT I THINK, so I trade what the market and signals tell me.

So, today we’ll do something we haven’t done in a while, look through some charts and scan for some trades! After all, the market is going up and as we’ve seen already the signals rarely, if ever, let us down!

I’ll break down the Top Options list into 13 potential stocks to watch for options trades!

I’ll ALSO cover how to survive market corrections, the journey to a million dollars, the 3 skill sets to build wealth, and more. Continue reading "Sneak Peek: Bear Market '22" →