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Short-Term Financial Goals Derail Retirement |
Long-term financial goals are losing out to
short-term financial pressures, Natixis Global Asset Management found in its
2015 Retirement Plan Participant Study. Sixty percent of workers are saving
less than 7.5% for retirement, and 40% are contributing less than 5%.Read more > |
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Economic Events |
Sales of new single-family houses in September were
at a seasonally adjusted annual rate of 468,000, according to estimates
released jointly by the U.S. Census Bureau and the Department of Housing and
Urban Development. This is 11.5% below the revised August rate of 529,000, but
is 2.0% above the September 2014 estimate of 459,000. |
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Sponsored message from BlackRock |
Multi-Manager Fixed Income: The Way Forward? Interest rates are not the only challenge facing bond funds. Can a multi-manager approach better position DC plans To navigate the uncertain fixed income environment?Read more > |
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Market Mirror |
Yesterday,
the Dow was down 23.65 points (0.13%) at 17,623.05, the NASDAQ was up 2.84
points (0.06%) at 5,034.70, and the S&P 500 slipped 3.97 points (0.19%) to
2,071.18. The Russell 2000 lost 5.86 points (0.50%) to finish at 1,159.50, and
the Wilshire 5000 closed 47.10 points (0.22%) lower at 21,566.96.
On the NYSE,
3.2 billion shares changed hands, and on the NASDAQ, 2.7 billion shares traded,
with 1.6 declining issues for each advancing issue on both exchanges.
The price of the 10-year Treasury note was up 9/32,
decreasing its yield to 2.057%. The price of the 30-year Treasury bond
increased 20/32, bringing its yield down to 2.869%.
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Compliance |
PBGC Updates Premium Rates for 2016 |
The Pension Benefit Guaranty Corporation (PBGC)
has updated its website with premium rates for 2016. The per-participant flat
premium rate for plan years beginning in 2016 is $64 for single-employer plans
(up from a 2015 rate of $57) and $27 for multiemployer plans (up from a 2015
rate of $26).Read more > |
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Investing |
Is Portfolio Concentration Better than Diversification? |
Traditional asset pricing theory implies that
diversified portfolios are optimal and suggest investors do not take advantage
of international diversification opportunities, but more recent studies argue
that portfolios can be under-diversified but optimal if they are formed on
information advantage, say researchers from the University of Wyoming, the
University of Wisconsin-Madison and Brock University. The researchers’ own
study shows that concentrated investment strategies in international markets
can be optimal. Their results suggest that investors rationally choose to
overweight certain markets and industries because of information advantage from
specialization and economies of scale.Read more > |
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Small Talk |
ON
THIS DATE: In 1858,
Roland Macy opened Macy’s Department Store in New York City. It was Macy’s
eighth business adventure, the other seven failed. In 1904, the New York subway system officially opened. It was the
first rapid-transit subway system in America. In 1925, Fred Waller received a patent for water skis. In 1938, Du Pont announced
“nylon” as the new name for its new synthetic yarn. In 1978, Egyptian President Anwar Sadat
and Israeli Prime Minister Menachem Begin were named winners of the Nobel Peace
Prize for their progress toward achieving a Middle East accord. In 1997, the Dow Jones Industrial Average
dropped 554.26 points. The stock market was shut down for the first time since
the 1981 assassination attempt on U.S. President Reagan. In 2002, Emmitt Smith (Dallas Cowboys)
became the all-time leading rusher in the NFL when he extended his career
yardage to 16,743. He achieved the record in his 193rd game. He also scored his
150th career touchdown.
TUESDAY
TRIVIA: The fear of Halloween is called “samhainophobia.”
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TRIVIAL PURSUITS: On
Halloween we speak of ghouls and goblins, but do you know what they are?Read more > |
Share the good news with a friend! Pass the Dash along – and tell your
friends/associates they can sign up for their own copy.Read more > |