Browsing Tag

Lee Baker

31% of new crypto buyers influenced by friends. Here’s why that can be ‘a horrible idea,’ advisor says

Taylor Daemon Apr 28, 2023

Francesco Carta Fotografo | Moment | Getty ImagesWhen it comes to cryptocurrency like bitcoin, new investors are often motivated by friends to take the plunge, according to a new…

Finance

Annuity sales hit record last year, eclipsing sales during 2008 financial crisis amid fear, higher rates

Taylor Daemon Feb 2, 2023

Tim Bieber | Photodisc | Getty ImagesAmid stock market gyrations, recession fears and loftier payouts, consumers pumped a record sum of money last year into annuities, a type of…

Finance

2022 was the worst-ever year for U.S. bonds. How to position your portfolio for 2023

Taylor Daemon Jan 7, 2023

Traders at the New York Stock Exchange on Dec. 21, 2022.Michael M. Santiago | Getty Images News | Getty ImagesThe bond market suffered a significant meltdown in 2022.Bonds are…

Finance

‘Ugly times’ are pushing record annuity sales. Here’s what you need to know before you buy

Taylor Daemon Oct 26, 2022

Izusek | E+ | Getty ImagesConsumers are funneling money into annuities as the stock market tanks and higher interest rates raise payouts for buyers.Annuity sales in the third…

Finance

Annuity sales rise, buoyed by market fears and higher interest rates. What to know before you buy

Taylor Daemon Jun 9, 2022

Svetikd | E+ | Getty ImagesAnnuities are on track for a banner year as consumers flee stock volatility and insurers offer more attractive rates.Limra, an insurance industry group,…

Finance

Why the stock market hates the idea of rising interest rates

Taylor Daemon Jan 27, 2022

Traders work on the floor of the New York Stock Exchange at the opening bell Jan. 25, 2022.TIMOTHY A. CLARY | AFP | Getty ImagesThe specter of rising interest rates is spooking the…