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Added on the 19/03/2023 23:59:25 - Copyright : AFPTV - First images
Credit Suisse predicts financial markets will remain tough, after starting the year with a quarterly loss for the first time since 2008 amid a major restructuring. But as Hayley Platt reports, like many of its peers the Swiss bank's losses weren't as bad as expected
On Wednesday Credit Suisse Strategists revealed the key to investing in 2021 is preparing for a virus-free economy in 2022. In a note to clients, the team initiated a 2021 S&P 500 price target of 4,050. Business Insider reports that the target implies a 12% rally from Tuesday's closing level. Various coronavirus vaccines are vying for regulatory authorization. That led Credit Suisse to "de-emphasize the near-term" and focus on how the US economy would launch out of its virus slump. The team said "the virus will be a fading memory" in 2022 and the rotation to cyclical stocks will be "largely behind us."
For investors looking for a stable stream of income, CDs and bonds are a good place to start. According to Business Insider, although the two financial instruments have much in common, they are distinctly different in several key areas. For example, CDs are insured by banks--bonds are not. Bonds are traded on the open market--CDs are not. Bonds can be liquidated quickly, but CDs tie up your money. Government-issued bond yields aren't taxed. But if you are in, say, the 24% tax bracket, you'll be taxed $24 for every $100 you earn in interest on your CD. Also, bonds have long-term maturity dates, from at least 10 to as long as 30 years. However, CDs usually mature within five years.
If it's time you should be moving into your own place, having time to prepare is your best friend. According to Business Insider, getting into your own rental isn't cheap, and it's not necessarily easy, either. The average one-bedroom apartment in the US rents for $1,621 per month. That could make for about $4,863 due at move-in for an apartment with a security deposit worth two months' rent. Before you go applying to landlords, figure out how much you can afford to spend on rent. Experts suggest spending no more than 30% of your take-home pay. Also, there may be additional costs. Gas and electric companies often require deposits, and there may be parking and pet fees on a monthly basis. Check your credit and get it within a healthy range. Save for your first and last month's rent, your security deposits, pet fees, and moving costs. Finally, once you've signed your lease, get renter's insurance immediately. Happy moving!
Blink-182 bassist Mark Hoppus has taken credit for My Chemical Romance's reunion, and set his sights on an Oasis comeback next.
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