In a tumultuous year, Jeff and Debra Benjamin have found their happy place.
Having spent most of their adult lives in the northern part of the United States, Jeff a 59-year-old senior columnist with
InvestmentNews, and Debra, a 61-year-old caterer and baker, recently relocated to North Carolina. The draw? Their 27-year-old son, his wife, and their two-year-old son, who were already living there.
“We moved down here 100% to be with them,” Jeff said. But he notes getting out of the Midwestern winters doesn’t hurt, and he’s also relishing the opportunity to play more golf, one of his passions. “I’ll be playing golf until I can’t move anymore,” he joked.
S&P 500 On The Cheap: You Can Buy These 16 ETFs For Next To Nothing
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Piqué prepara su retirada: de los campos de fútbol al bal
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Editor s note: This is adapted from the Morningstar Direct U.S. Asset Flows Commentary for November 2020. Download the full report.
During an eventful November that included the closely contested U.S. elections, progress on coronavirus vaccines, and the Dow Jones Industrial Average closing above 30,000 for the first time, investors plowed $112 billion into long-term mutual funds and exchange-traded funds. That was the second-largest monthly tally behind January 2013 s $117 billion and the most in the eight consecutive months of inflows since the markets sharp sell-off in March 2020. On the other side, money market funds had their sixth consecutive month of outflows.
Digging deeper into November s long-term fund flows, the clear winner between the two investment types (open-end funds and ETFs) was ETFs. Their record $97 billion of inflows for the month easily topped the previous record of $62 billion. Investors primarily use ETFs for equity market exposure: About three fourths of
KXLY
December 16, 2020 4:05 AM newsfeedback@fool.com (Catherine Brock)
Posted:
Updated:
December 18, 2020 3:40 AM
Sometimes, doing nothing at all can cost you. If you have cash that was automatically rolled over from your 401(k) to an IRA, for example, forgetting to invest those funds could end up being a very expensive mistake.
According to a report from the Employee Benefit Research Institute (EBRI), it’s a mistake that far too many retirement savers are making. Nearly one-quarter of IRAs have what the EBRI calls “extreme allocations.” These are portfolios holding less than 10% in equities. To put that in perspective, most retirement savers should be investing 50% to 80% in equities, depending on their age.