You won’t believe who the new savings champs are!

You won’t believe who the new savings champs are!

Editor: Johnathan Meyers | Tactical Investor

One of the main reasons we cover such a broad range of topics is because the masses are being systematically brainwashed to see what they are being directed to see. You can only solve the problem if you understand the problem; if you do not, you will either never solve it or continue trending on the path of stupidity forever. To become a good investor, you need to see the full picture and not the snippets that the mass media conveniently and almost gleefully is willing to provide.  Mass psychology states that it is imperative to acknowledge the forest while looking at the tree. In other words, emotions drive the markets, and you need to focus on what emotions Mass Media is trying to stir up to spot the next significant trend. With that in mind, we think you might find the following article to of interest:

Many stocks are trending upwards while key technical indicators move from the overbought to the oversold ranges. If this took place on the daily charts it could be ignored, but, these developments are taking place in the slow-moving monthly charts, and it suggests that a new trend might be about to take hold. Then you have stocks that trend endlessly in the overbought ranges with no sign of letting up, but the stock continues to trend higher and higher. If this trend takes hold, then a plethora of technical analysts will face the ultimate challenge: “Adapt or die”. Stock market Insanity Trend is Gathering Momentum

Looks like the young whippersnappers can teach a few of us old folks about saving money!

A recent poll of more than 1,000 Americans conducted by Princeton Survey Research Associates International (PSRAI) finds millennials are doing a great job saving money.
Millennials are a financially maligned generation. We’ve all heard the wisecracks about them being over-educated and underemployed. And how millennials still live at home in the basement. And how their brains are too addled by social media to make any smart long-term financial decisions.

But maybe it’s time to rethink the bum rap.

The PSRAI research, which was commissioned by BankRate, shows that a full 31% of those age 18 to 26 have between three to five months of living expenses squirreled away.

As a segment of the population, millennials tend to be debt averse and more focused on experiences than amassing belongings. Despite persistent misconceptions, they also unintentionally had the idea of saving for a rainy day ingrained by watching their parents struggle during the Great Recession.

As for Generation X, they’re only doing nominally better than their elders. Some 28% of those in their late 30s to mid 50s report they have some savings, but they haven’t managed to save enough to cover three months of living expenses.

Savings is one of those things that you don’t have to do, but not getting the job done means living a very lean lifestyle down the road. And not a lot of people relish that thought, no matter their age! Full Story

 

Other Stories of Interest

2018

Is this the end for Bitcoin or is this a buying opportunity? (Jan 24)

Stock Market Insanity Trend is Gathering Momentum (Jan 10)

Is value investing Dead (Jan 9)

Irrational markets and Foolish Investor: perfect recipe for disaster   (Jan 5)

Stock market Crash Myths and Realities  (Jan 3)

Bull-Bear Markets & Arrogance (Jan 1)

2017

Will The Stock Market Crash In 2018 (Dec 11)

Has US Dollar Finally Hit Bottom  (Dec 6)

BitCoin Has Done What Precious Metals Never Could  (Dec 4)

Experts Making Stock Market Crash Forecasts usually know nothing  (Nov 17)

1987 stock market crash anniversary discussions- nothing but rubbish (Oct 24)