Growth Of FAANG Stocks Helps Mask Some Selling Activity
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My role involves reviewing materials for compliance and keeping up to date on regulatory requirements. I am happy that my role also includes interaction with my team, other associates in the firm and with our clients.
My husband Jeff and I are empty nesters and enjoy spending time with our two daughters, traveling, outdoor sports and taking advantage of all the activities our state offers.
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Growth Of FAANG Stocks Helps Mask Some Selling Activity
Since May, 8 stocks have been responsible for over half of the growth of the S&P 500. Annex Wealth Management’s Mark Beck and Derek Felske discuss why now may be a very prudent time to look at rebalancing your investments.
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In these Games, there will be six new sports added to the long list of competitions, four of which are making their Olympic debut. Sports are added to the Games after the International Olympic Committee recommends them, are governed by the International Federation, and are practiced around the world by men in at least 75 counties across four continents, and by women in at least 40 countries across three continents.[1] Host cities can even propose new events that may be popular in their country or are youth-focused – a new initiative to drive interest for this year’s Games.[2]
The prior 2016 Games held competitions across 28 different sports. These Games will now bring the total up to 33. For reasons we can only guess, Baseball and Softball are officially listed as one sport, though we split them up here.
Now introducing, the new sport lineup:
Karate
Given the location of the games, it is not surprising that Karate has been added to the list. The competitions will take place in two different disciplines: Kata – demonstrations of form that are judged on technique, and Kumite – a mat competition in which athletes compete head-to-head in sparring matches, earning points for every hit they land in a span of three minutes per round. The events will be held at the Nippon Budokan, which was the location of the first ever World Karate Championships in 1970.
Who to Watch: American athletes to watch include two-time USA karate national champion Ariel Torres for the men’s kata, and seven-time USA national champion Sakura Kokumai for the women’s kata. Athletes to beat include Sandra Sanchez of Spain, Ryo Kiyuna and Kiyou Shimizu of Japan, Hamideh Abbasali of Iran, and Tzu-yun Wen of Taiwan.
When to Watch: Events take place August 4-7.[3]
Skateboarding
Like Karate, the Skateboarding competition will feature two different categories: street and park. The street competition will take place on a course built to mimic real life surroundings, with things like railings and stairs. The skaters will be judged on originality and difficulty of their runs.[4] The park competition will be judged the same way, but will take place in a smooth bowl surface. The youngest competitor will be just 13 years old – Britian’s Sky Brown.
Who to Watch: On the U.S. side, Nyjah Huston, who competed in his first X Games as a preteen; Mariah Duran, who won back-to-back gold medals at the 2018 X Games; and Brighton Zeuner, who became the youngest gold medalist at the 2017 X Games. Competition includes Yuto Horigome of Japan on the men’s side, and on the women’s side, Britain’s Sky Brown (who will turn 13 right before the Games), Kokona Hiraki of Japan, and Margielyn Didal of the Philippines.
When to Watch: Events are scheduled for July 24 – August 4.
Surfing
Cowabunga, dude! Joining the list is a popular beach sport that will have competitors using short boards only. The competition will take place at a beach about 45 miles from the Olympic stadium, and will be on a flexible schedule, since the competition will depend solely on the weather conditions. Surfers will be judged on the difficulty of their maneuvers from wave to wave.[5]
Who to Watch: Members of Team USA to watch include Kolohe Andino—the first U.S. surfer to qualify for the team—and John John Florence on the men’s side, and four-time World Surf League champion Carissa Moore and Caroline Marks on the women’s side. Others to beat include Gabriel Medina of Brazil, Stephanie Gilmore of Australia, and Kanoa Igarashi of Japan.
When to Watch: Events are scheduled for July 24 – 31.
Sport Climbing
In a break from traditional climbing competitions where three unique disciplines are separate, athletes will need to complete in all three events for the medal. The events include, speed climbing, bouldering, and lead climbing.[6] Climbers aren’t thrilled with this adjustment, as each discipline is specialized, but will do what it takes to compete in the Games. In order to maintain fairness, climbers are unable to watch any competitors before them to see how they approach each climb.
Who to Watch: Sport climbers on Team USA to watch include Brooke Raboutou—the first U.S. climber to qualify for Tokyo—and Kyra Condie on the women’s side, along with Nathaniel Coleman and Coin Duffy on the men’s side. On an international level, climbers to beat include Adam Ondra of the Czech Republic, Janja Garnbret of Slovenia, Miho Nonaka of Japan, brothers Mickael and Bassa Mawem of France, and Shauna Coxsey of Britain.
When to Watch: Tune in August 3 – 6.
Baseball
A big sport in Japan, it shouldn’t be a surprise that the sport is back in the lineup for these Games. Currently it doesn’t look like it will be around in the next games, so we better enjoy it while it lasts! The last time the sport was played at the Games was in 2008 and this year there will be six countries in the tournament for gold. Though no Major League players can compete, the USA team is still looking good!
Who to Watch: Players to watch for from the U.S. include infielder Eddy Alvarez—a silver medalist in the 2014 Winter Olympics in short track speed skating—and past MLB All-Stars Todd Frazier and David Robertson.[7]
When to Watch: The tournament runs July 27 – August 7.
Softball
Just like baseball, softball was cut after the 2008 Games and will be back for these Games only, with no scheduled events in 2024. And just like baseball, there will be only six countries representing the sport. Look for a few familiar faces from the last Games as the USA tries to recapture gold.
Who to Watch: Team USA’s Haylie McCleney was a gold medalist in the 2016 and 2018 WBSC Women’s World Championships, as well as at the 2019 Pan American Games, and 2008 Olympic silver medalist Monica Abbott is making a comeback to the Games.
When to Watch: Games will be played July 24 – 27.[8]
As if these Games weren’t already strange enough, it was also recently announced that spectators will not be allowed at any of the venues, due to a State of Emergency declaration in Japan which will span the entirety of the games.[9] Japan is on the leading edge of global technology and artificial intelligence, so these Games will be an excellent stage to showcase advances in technology as organizers will rely on robots to help complete tasks like retrieving the javelins and discus discs and even interact with athletes now that human interaction will be extremely limited.
You may find your new favorite sport to watch in these next few weeks, and remember, with the games taking place halfway around the world to set your alarms to watch your favorite events live, or record what you want to see for when you are awake!
[1] https://www.britannica.com/story/how-are-sports-chosen-for-the-olympics#:~:text=The%20Olympic%20Charter%20indicates%20that,countries%20and%20on%20three%20continents.
[2] https://www.self.com/story/new-olympic-sports-tokyo
[3] https://www.self.com/story/new-olympic-sports-tokyo
[4] https://deadspin.com/introducing-the-new-olympic-sports-that-will-totally-br-1847269114/slides/2
[5] https://www.self.com/story/new-olympic-sports-tokyo
[6] https://www.self.com/story/new-olympic-sports-tokyo
[7] https://www.self.com/story/new-olympic-sports-tokyo
[8] https://www.self.com/story/new-olympic-sports-tokyo
[9] https://www.cnn.com/2021/07/08/media/nbc-tokyo-olympics-spectators/index.html
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Lots of people say if they could go back in time, they’d have started investing earlier. And while we can’t turn back the clock, we can help the future generations learn the lessons we wish we’d known. There are many benefits to starting a simple conversation with children or grandchildren about money, like the value of money, how to save, basic stock market principals, just to name a few.
Though the concepts can get complicated the farther you dive into the intricacies of the financial world, starting with a good foundation can help build a knowledge that can be beneficial in many aspects of life as your kids and grandkids grow.
Check out Randy’s tips for both younger and older kids to help them get a solid financial head start and also begin to understand some key principles.
For younger kids:
Tell them where money comes from.
Contrary to the imagination of kids, and what we wish was true, money doesn’t grow on trees. As an adult, we know money comes from working hard and earning it for the work we do. This is an important lesson for children to understand: money is not just given to us, but it takes effort, time, and determination to earn it. Things like simple chores can start to instill the idea of earning money.
Differentiate between “wants” and “needs”.
This may sound simple to an adult, but after a certain age, children can be taught that not everything is a “need” but that things such as food, shelter, and clothing are real needs that must be addressed before anything else. Try showing children a basic budget that you use to demonstrate this concept in your family’s life.
Set financial goals in three different buckets.
With the money that your children earn through chores or from an allowance, have them practice splitting it into three categories to begin to view money as helping towards certain goals associated with each category. Having dedicated buckets can help children learn to be responsible in both saving and spending habits by visually seeing what they have in each one.
Spend: money to be used now
Save: money to be used in the future
Share: money to be given away – to charity, or to a church, for example
For older kids:
Spend less than you make.
This may seem like an obvious one, but even small purchases can add up faster than they might think, and it can be easy for kids to overspend when learning how to have any sort of budget. Talk about the importance of not accumulating debt. Try having them keep track of how much they make and keep that figure in their mind when they make purchases and show them how debt can be more expensive for them in the long run.
Teach about compound interest.
In simple terms, compound interest is reinvesting interest. If they take any interest earned on savings or investing and reinvest it back into the accounts, then the principal sum becomes larger, therefore earning more interest. The rate of growth will increase more than if interest earned is paid out. This can be a simple way to teach the value of keeping money in accounts over time and letting them grow on their own.
Compound interest also has a ‘dark side’ in terms of debt. For example, a credit card balance can balloon if you’re paying off less than the full balance. In this case your debt is compounding, not your principal.
Invest early and often.
As we said before, many of us wished we would have invested earlier in life. Now is the time to explain why that is. Putting aside money earlier gives it a longer period of time to grow with interest and through growth in the market, meaning the potential for more money to use in the future. Investing often, even if it’s a small amount, can also help to create a habit of putting money aside frequently for their future.
Dollar Cost Average Investing.
This is a powerful way to invest that takes advantage of the ups and downs of the stock market. Have them invest a similar amount out of every paycheck, regardless of what the market is doing, into an investment such as a mutual fund or exchange traded fund.
The concept is that they are always using the same amount of money, but they buy more when the investment is down and less when the investment is up. They don’t need to worry about the direction of the market, and this strategy allows them to lower the average cost of their investments.
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KNOW THE DIFFERENCE MINUTE:
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