To stay current with all that’s happening in the financial world and beyond, I do quite a bit of reading. Here are a few items I came across this past week I thought were worth sharing.
Is October really scary? (LPL Research)
For whatever reason, October is historically a volatile month for stocks. Since 1950, no month has had more 1% moves (higher or lower) than October. That said, it works both ways as 3 out of the 10 best days ever in the markets have happened in the month of October.
Elder fraud Starts with friends and family (Financial Advisor)
More than half of all elder fraud is committed by someone the victim knows. And people who have been scammed are ashamed to admit it happened to them. Estimates are that only around 2% ever report it.
For young savers facing subpar returns, think long-term (Wall Street Journal)
I like this article because it reinforces an old saying “Save as much as you can as early as you can”. If future market returns will be as low as some experts think, millennials will need to save much more than their parents did when just starting out.