Alibaba sets a new sales record on Singles' Day

Alibaba had another incredible sales day with a reported $30.8 billion in sales in 24 hours, its 10th annual Singles' Day sale. The growth actually slowed to 27% which was the slowest growth for the Chinese internet giant. The sales number dwarfs the revenue from all US retailers during Black Friday ($5 billion in 2017), Cyber Monday ($6.6 billion in 2017) and Amazon Prime Day ($4.7 billion in 2018) combined. That is an incredible feat and shows the power of the Chinese consumers.

Ballooning US debt poses huge risks ahead

Today, Blackrock's CEO Larry Fink warned investors that the US is heading towards a "supply problem" as the widening budget deficit, expected to top $1 trillion annually starting in 2019, requires more borrowing. This is an issue that investors have never seen before. Typically government spending is restrained at the end of an economic expansion; however, this administration is stepping on the accelerator with neither party emphasizing fiscal responsibility. This could pose a huge problem if a recession hits over the next couple of years.

IM 064: Launching to Financial Independence From Brooklyn New York | Jamila Souffrant

Jamila Souffrant, founder of the Journey to Launch podcast and blog, shares her family's story of being debt free (besides the mortgage) and her goal to be financially independent by the age of 40.

Is the Fed triggering the next bear market?

October has been a rough month for the stock market with the recent downdraft wiping out index gains for the entire year. The deterioration has been rapid despite a strong earnings season and overall S&P earnings increasing by nearly 30 percent. It is highly unusual for earnings and stock prices to diverge to this extent. Something is obviously deeply troubling investors, and we wonder if the Fed is triggering the start to the next bear market?

IM 063: The Budgetologist Says You Can Budget Your Way to a Happier Life | Phylecia Jones

Learn budgeting tips from Phylecia Jones, The Budgetologist, who left her 6-figure job to become an entrepreneur and helps coaches and consultants to get serious about managing money. 

Andy Wang on Reuters TV: Earnings and elections will power stocks higher

Last Friday, October 19th, Runnymede managing partner Andy Wang returned to The Reuters Building in Times Square to chat with news anchor Fred Katayama. In this segment, Fred asked Andy about a variety of subjects including market volatility, midterm elections, and sector rotation. Watch the segment below.

IM 062: The Impact of Losing a Parent and Finding Meaning In Your Life | Camilo Maldonado

The financial and emotional impact of losing his father when he was 7-years old forced Camilo Maldonado to mature quickly. After achieving academic and professional success, he co-founded The Finance Twins, a personal finance blog, to live with purpose, meaning, and help others. 

Sinemia review: six months of movies with big savings

Given that I'm six months into my Sinemia membership, I wanted to give you a quick update on my experience as a Sinemia user. To put it simply, I'm already ahead of game saving money and enjoying more movies on the big screen than in previous years. The movie theater is better than ever with stadium seating, reservations in advance, Dolby digital sound, and reclining seats! Perfect for the blockbusters that the studios are pushing out each and every month. If you go to 4+ movies per year, this membership is a no brainer.

IM 061: Helping Tens of Thousands of Children with GO Campaign | Scott Fifer

You may recognize Scott Fifer from P90X exercise videos but what you probably do not know is that he left successful careers as a New York Wall Street attorney and Hollywood screenwriter to head a non-profit that helps children around the world.

Should you buy or sell the spike in fear?

The Dow dropped 1300 points in a couple of days and the CNBC fear machine cranked into high gear. Even Fox Business News got into the action with the headline grabber "Biggest market crash in our lifetime coming - economist Harry Dent." Of course if you google "Harry Dent crash," he makes the same call every year so it is meaningless. The real question is: should you buy or sell the fear? The answer: it depends.

IMPORTANT DISCLOSURE INFORMATION 

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.-"Runnymede"), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede.  Please remember that if you are a Runnymede client, it remains your responsibility to advise Runnymede, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Runnymede's current written disclosure Brochure discussing our advisory services and fees is available for review upon request. Please Note: Runnymede does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Runnymede's web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Search Website

Annuity Review Database

Recent Posts

About our Podcast