Author Teresa Ghilarducci pointed out that nearly half of all families in the US have no retirement savings. “This humanitarian and economic crisis is only expected to worsen as baby boomers are fast approaching retirement, with many already retired and enjoying their golden years. But there are some costly mistakes that could derail their financial security,” she warned.
Nvidia (NASDAQ: NVDA) caused some jaws to drop with its fourth-quarter results announced a couple of weeks ago. The tech giant reported strong earnings, leading to a surge in its stock price. With the Magnificent Seven tech companies controlling nearly 30% of the S&P 500's value, the tech sector may feel crowded out. However, there are other opportunities for investors to explore.
It may be surprising to see safe-haven gold score record highs at generally the same time as riskier assets such as bitcoin, but the current economic uncertainty is driving investors to seek stability. Some crypto bulls are now eyeing $100,000 as bitcoin's next level, after the leading cryptocurrency briefly topped $70,000 last Friday.