The September Slog, Apple in China & 401(k) Rollovers
The Money Wise guys are back with another episode, and they kick off the show with a rapid-fire recap of last week’s market moves. The Dow was down 0.8% last week, the S&P 500 was down 1.3%, and the NASDAQ was down 1.9%. YTD all three indices remain in the black, with the Dow up 4.3% on the year, the S&P 500 up 16.1%, and the NASDAQ up 31.5%. It was a short week due to the Labor Day holiday, but September is living up to its annual expectation as the weakest month of the year. We got below the 50-day moving average in the S&P, and the market didn’t recover before the end of the week. The Money Wise guys discuss bond yields and how clearly tied the Wall Street algorithms are to the bond market. They also discuss why Apple and Nvidia are currently down, potential iPhone restrictions in China, and much more.
Second Hour Discussion: 401(k) Rollovers
In the second hour, the Money Wise guys discuss everything you need to know about 401(k) rollovers. 401(k) rollovers happen when you take money out of your 401(k) and move the funds into another type of tax-advantaged account. 401(k) rollovers can be advantageous when you leave one job and start another, in the ease of your retirement savings management, and in lowering account management fees. 401(k) rollovers aren’t for everyone, so do your due diligence before making this move. You can learn more about 401(k) rollovers in this guide from Forbes.
You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.