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Clearly, Not Everyone Is Getting Rich Off The Stock Market

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Well, the NY Fed was out today with its Quarterly Report on Household Debt and Credit for Q4 2017. Clearly, Americans are in a lot of debt. Take a look. Just a couple of quick hits from the report. Total U.S. household debt rose $193 billion in the 4th quarter, to a new all-time peak of $13.15 trillion. That's 17.9% above the most recent trough in Q2 2013. Broken down by segment, what do you suppose was the largest gain in percentage terms? Credit cards, with a 3.2% increase. In the picture above, the widening gap represented by the red arrows reflects the fact that non-housing debt is rising at a faster pace than housing debt. Here's what's troubling about that. Below is a picture of the stock market, as represented by the S&P 500 index, over that same period; from the most recent credit trough in Q2 2013 to the end of 2017. And thus, the title of this article. Over that period, the S&P 500 index rose by 75%; from roughly 1,600 to 2,800. Apparently, ho

Millennials - Make 2017 The Year To Invest In Your Future

Millennials, hasn't 2016 just seemed to fly by? It's hard to believe that 2017 is almost here.

This offers a great chance to reflect on the concept that time, and life, moves very quickly. This means that important things, including working towards financial goals, can get past us almost before we know it.

In my work as an author for Seeking Alpha, I just finished an article especially for you. Here is how I summarize its intent:
Certainly, your 20s is a time to have fun, explore life, and enjoy a wide variety of enjoyable experiences. It is not my goal to change that. At the same time, you can take small, meaningful steps to ensure your financial future, and you are wise to do so.
In the article, I outline a step-by-step plan that you can take, right now, to make 2017 the year that you begin to invest in your future. Have a look.

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