I have no doubt AI will change the world and is a viable long-term theme, but in the short-term I think it has been overdone. I certainly wouldn’t be chasing the Nasdaq today after 30%-plus gains. Further down the market cap spectrum, however, stocks are trading at much lower valuations.
Savings shortfall: 41% worry they won’t have enough to retire
If you are worried you will not have enough saved for your retirement, you are not alone, a major new study has found. By David Brett, Investment Writer
Figuring out how much you should save for your retirement is never easy. Your needs change over time, just as your income fluctuates.
If you knew exactly how much you would earn in your working life, how much your investments would return and how long you’d need to live on retirement, your financial planning would be a doddle.
But, as 2020 has proven, it is impossible to predict anything with certainty. That is perhaps why so many of us are concerned that we will run out of money in retirement.