Our PureVest Weekly Roundup has a good lineup this week. Savings account interest rates are now at a 15-year high, yet most people aren’t taking advantage. Tesla, Netflix, and Morgan Stanley reported earnings this week. Lower margins hurt Tesla, Netflix will start its password-sharing crackdown next quarter, and Morgan Stanley was the latest financial company to report solid earnings. Someone in their 20s will look at money differently than someone in their 50s; read about the lessons you should learn for each decade of your financial life. Fund managers’ allocation to Stocks vs. Bonds is the lowest since March 2009. Is this the ultimate contrarian indicator? We wrapped it up by looking at the numbers surrounding the old saying, “Sell in May and Go Away.” Enjoy the light reading, and have a great weekend.
Markets & Economy:
Savings account interest rates just hit a 15-year high
source:www.cnbc.com
Tesla net income and earnings drop more than 20% from last year
source:www.cnbc.com
Netflix misses subscriber estimates, reveals password crackdown to hit U.S. in Q2
source:www.yahoo.com
10 financial lessons that you need to learn as you advance through life
source:www.cnbc.com
Morgan Stanley tops estimates on better-than-expected bond trading revenue
source:www.cnbc.com
Going to cash? 5 things to consider before taking money out of the stock market
source:www.bankrate.com
Investment Pros’ Allocation to Stocks vs. Bonds Falls to Lowest Since March of 2009
source:www.investopedia.com
Education:
Sell in May and Go Away’: Definition, Statistics, and Drawbacks
source:www.investopedia.com