The S&P 500 had worst half in 50 years, but the 60/40 portfolio isn’t dead

Stock trader on the floor of the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images The S&P 500 Index, a barometer of US stocks, just had its worst first half of the year going back over 50 years. The index fell 20.6% in the past six months, from its high-water … Read more

‘We’ve been to London, Rome and Lisbon’

My wife and I love to travel. In the five years that we’ve been together, we’ve made many unforgettable memories during our trips abroad. But in July 2021, we took a Greek Isles cruise for my wife’s 49th birthday that truly changed our lives. As we sat in our ocean view cabin, we talked about … Read more

The S&P 500 closed in a ‘bear market’ on Monday. What does that mean?

Traders work on the floor of the New York Stock Exchange (NYSE) on June 10, 2022 in New York City. Spencer Platt | Getty Images There is nothing particularly special about the 20% demarcation line used to define a bear market. It’s more of a symbolic psychological hurdle for investors. It often portends – but … Read more

Mortgage prepayments have fallen 62% from a year ago. This is what that says about the housing market.

Ultimately, as long as buyers are able to keep up with their regular monthly payments, fewer people making extra mortgage payments probably isn’t going to have a massive impact on the broader housing market, explains one expert. AP Mortgage prepayment activity fell 19.1% just from March to April and 61.8% from a year ago, according … Read more

Why you might want AAA membership even if you do not have a car

This story is part of CNBC Make It One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. The American Automobile Association, or “Triple-A,” is known for roadside assistance. But it also offers other discounts that can be worth the cost of … Read more