With growing market volatility, here’s how to create a plan for your financial future
Embarking upon the second half of 2018, now is an ideal time to review your personal finances.
Perhaps it’s been a while since you checked your goals from the beginning of the year on investing prudently, socking more money away, or eliminating debt. Still, it’s not too late to reinvigorate your financial portfolio before 2019 arrives.
There are many forces to navigate while trying to manage your money in today’s business climate. For instance, the U.S. economy has performed strongly in recent months. Many economists predict that the gross domestic product will rise about 3% in 2018, the highest in about 13 years. Some credit President Donald Trump’s $1.5 trillion tax reform law as a contributing factor, claiming the growth is helping boost areas like corporate and consumer spending.
Yet others argue corporations are using the tax cuts to largely repurchase their own shares. Stock buybacks are expected to reach $1 trillion this year, The New York Times reported. While that activity perhaps boosts companies’ market value and contributes to overall stock market growth, there is a concern it’s not making workers with little or no stock holdings wealthier.
Some prominent leaders also fear a growing red flag: The Trumpled U.S. trade war with other countries. In early August, Trump ordered his administration to look at raising proposed tariffs on $200 billion worth of Chinese goods to 25% from 10%, according to a New York Times report. A prolonged trade battle could eventually hurt the U.S. and worldwide economy, particularly if other countries like China, Turkey, and Canada keep retaliating with their own tariffs on American goods.
Observers fear a mounting trade dispute could even ultimately depress the so-called FAANG (Facebook, Apple, Amazon, Netflix, and Google) stocks—high-tech growth stocks that spurred the bull market run the last nine years.
Esta historia es de la edición July/August 2018 de Black Enterprise.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July/August 2018 de Black Enterprise.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Great Leaders Aren't Born, They're Made
Former Aetna CEO Ron Williams shares his decades of leadership lessons in his new book
How Fifth Third's Kala Gibson Drives Impactful Urban Entrepreneurship
As executive vice president and head of business Banking for Fifth Third Bank, Kala Gibson focuses on helping small businesses gain the resources necessary for them to continue to drive employment, innovation, and impact.
I Want to Be a Triple Threat
I always loved Papa John's. I was introduced to it in ’89 in Baton Rouge Louisiana when I didn’t have a lot of money but I had enough money for a big ol’ Shaqaroni pizza—sausage, pepperoni, extra cheese.
This Young, Black Aerodynamics Engineer Is Rebooting Classics At General Motors
THE CHEVY BLAZER HAS GOTTEN A MAKEOVER IN 2019.
This Dell Exec Took A Leap, And Landed At SVP
NAJUMA ATKINSON HAS BUILT A 20-YEAR CAREER AT DELL TECHNOLOGIES Inc.
Power In The Boardroom
EXPANDING BLACK REPRESENTATION IN THE BOARDROOM AND THE C-SUITE REQUIRES ADVOCACY, STRATEGY, AND POSSIBLY, LEGISLATION. TO MEMBERS OF OUR B.E. REGISTRY OF CORPORATE DIRECTORS, HOWEVER, THE DETERMINING FACTOR COMES DOWN TO LEADERSHIP.
Has History Met Your Badass?
If black women don’t assert power and their place in history, everybody loses
A Crash Course In Success
Damian Mills’ strategic leadership, talented team, and knack for turning crises into Lucrative Opportunities turned his mega-dealership into an unstoppable force
Growing Together
How strategic alliances between major corporations and african american businesses and organizations can serve as models for economic and social advancement
The 4H Club
ICV partners has attracted millions in capital, built a portfolio of high-return companies, and diversified private equity by following its core values of staying humble, hard working, honest, and hungry