MOST VIEWED FUNDS FROM LAST WEEK
- Ultra Short Duration Income Fund
- Short Duration Bond Fund
- Income Fund
- Growth Opportunities Fund
- Equity Income Fund
- Diversified Income Trust
- George Putnam Balanced Fund
Putnam PanAgora Strategies
Headlines you need to know this week — October 15, 2019
Most investors say they need a financial plan: survey Individuals are worried about their finances and most say they want to update their financial plan, according to a study by the National Association of Personal Financial Advisors. Most study participants (78%) reported some level of stress about their financial future. Also, 75% said they want to revise their financial plan. Participants cited several reasons for needing a financial advisor such as planning for retirement, paying off debt, and building savings.
Investor optimism about the stock market declines Pessimism among investors advanced in the recent AAII Investor Sentiment Survey. The report found that optimism that stock prices would rise in the next six months declined to a 10-month low. Bearish sentiment — that stock prices will fall in the next six months — jumped by 6.2 percentage points. A neutral sentiment that stock prices will stay the same, rose by 1.8 percentage points.
Millennials optimistic but less likely to invest Millennials are more optimistic about their financial situation than other generations, but many believe they will have to work beyond retirement age, according to a new survey. These affluent participants — having disposable income to invest — acknowledge they need to save more, but are more risk-averse about investing in the stock market. Nearly 40% said they believe investing is “risky,” and nearly 25% said investing is “overwhelming.”
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