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Showing posts from September, 2024

Andrew Baxter's Mid-Year Reset: How to Build Momentum and Achieve Financial Goals

 Staying on track with our goals can often be challenging, but goal stacking offers a powerful strategy to build on your existing momentum and push yourself further. Let’s dive into how this approach can positively impact both your personal and professional life. Understanding Goal Stacking Goal stacking is a technique where you use the progress you've already made as a foundation to set and achieve new, higher goals. While starting from scratch can be daunting, leveraging your initial momentum makes it easier to tackle new challenges . This approach helps you reach greater heights without having to begin anew. Embracing the Possibility of Falling Short Don’t let the fear of failure hold you back from setting ambitious goals. Often, the hesitation to pursue new targets stems from the fear of not achieving them. However, aiming higher can still lead to surpassing your original goals, even if you don’t fully meet the new ones. This mindset encourages you to push beyond your limits an

The Future of the US Dollar: Trends, Drivers, and Global Impact - Money and Investing with Andrew Baxter

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  The Dollar’s Direction: What the Numbers Say Right now, the buzz is all about lower interest rates in the US. The Federal Reserve’s data, particularly the Consumer Price Index (CPI) and consumer spending figures, are pointing towards easing inflation. The smart money is betting on a rate cut as early as September, right before the election. Lower interest rates generally mean a weaker dollar. It’s Economics 101: when a country’s interest rates drop, the return on holding that currency becomes less attractive. Investors tend to sell off, seeking better returns elsewhere. So, expect the US dollar to soften if those rate cuts come through. Don’t Get Caught by Fake News Misinformation can wreak havoc on markets, and the currency market is no exception. Recently, there’s been chatter about Saudi Arabia dropping its US dollar-only policy for oil sales. But here’s the thing, there was never a formal agreement in the first place. Saudi Arabia has always had the flexibility

The Top 5 Market Trends of 2024: Your Essential Navigation Guide

  Artificial Intelligence and Tech Stocks Artificial intelligence (AI) remains a major focus in financial markets , with tech stocks—especially those tied to AI—showing impressive gains. The NASDAQ, buoyed by companies like Nvidia, has mirrored the strong performance seen in 2023. However, this sector’s success comes with its own set of risks, including potential overvaluation and shifting market sentiment that could lead to volatility. Investors should keep a close watch on these stocks and consider diversifying their portfolios to mitigate the risks associated with this high-flying sector. ESG Investing Environmental, Social, and Governance (ESG) investing has been a prominent theme throughout 2024, but enthusiasm is beginning to wane under economic pressures. For instance, the UK has revisited its carbon-neutral targets due to financial constraints, and companies like Fortescue Metals have scaled back their green energy initiatives. Although ESG principles remain significant, the sh