09/17/2020

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SoFi Blog

Tips and news—
for your financial moves.

Wealth Market Commentary (Week of August 21, 2017)

Good Data, Bad Geopolitics, and Exchange Rates
Asset prices remained relatively flat over the past month, caught between the push of positive economic data on equities and the pull of geopolitical tensions. While North Korea’s nuclear threats sent equities and interest rates down, we see these events subsiding without major implications for global markets. In determining where the markets will go over the next few months, it’s important to take a look at the interaction between economic data, central bank policy, exchange rates, and equity prices.

In recent posts, we’ve talked about the difficult situation currently facing central bankers. Their mandates essentially require them to begin raising interest rates just when the market’s starting to take off in order to curb inflation. It’s like the host taking away the punch bowl just when the party’s really getting started.

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Wealth Market Commentary (Week of July 17, 2017)

Monetary Policy and the Phillips Curve: Global edition.

We’ve seen a moderate increase in stock price volatility this June and early July as comments by European Central Bank president Mario Draghi about rolling back stimulus sent interest rates higher and equities lower globally. More recently, mixed data and comments by Federal Reserve Chair Janet Yellen sent U.S. interest rates back down slightly. A lot has happened in the markets, but looking at events in terms of how central bankers view the relationship between unemployment and inflation can help us make sense of this activity and what may happen going forward.

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I Tried the ‘Portfolio Career’ Trend and Here’s What Happened

When I was laid off from my corporate marketing gig in the fall of 2015, I had no idea what I wanted to do with my life. All I knew was that I didn’t want to go back to the handcuffed existence I’d spent so much time working within.

One day, while surfing the internet, I saw a part-time internship listing for a local fitness company. Even though I knew my eight years of work experience and MBA made me overqualified, I applied. My thought was that it seemed fun and could bring in a paycheck while I figured things out. As luck would have it, the owner agreed to hire me (with a Director of Marketing title, no less) for five hours a week of work.

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Wealth Market Commentary (Week of June 19, 2017)

A Closer Look at the State of the U.S. Economy

It’s been a relatively quiet month for the market. Equities and fixed income continue to grind higher as investors doubt a near-term revival in inflation. And, with little expectation that tax cuts will be implemented this year, the markets have taken little notice of the relentless political drama coming out of Washington. Given the lack of major market events, we’re taking a step back to focus on the unique state of the U.S. economy right now, how the Federal Reserve might respond, and what it means for the market.

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This Is the Exact Personal Finance Advice All Engineering Grads Need

Living as an engineering student for years, on a student budget, requires a very special set of financial survival skills. Ingrained habits like living frugally, postponing major expenses, and maybe not looking too hard at your debt balances while your loans are in deferment are necessary for getting through when money is tight.

As a newly-minted engineer, you should enjoy the rewards of completing this stage of your education, because you’ve certainly earned it. But don’t let the frugal mindset that propelled you during your college years start to withdraw as those first hefty engineering salary paychecks roll in. Even if you don’t see yourself becoming a big spender, when the transition from student to full-time employment happens, it’s easy to just tear up your student budget without creating a new one.

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