Why Retirement Savers Should Ignore the Robinhood Hubbub
Long-term investors with diversified nest eggs have little to fear from the GameStop saga
by John Waggoner, AARP, February 4, 2021 |
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En español | A group of small investors who frequented an internet chat board produced mammoth gains in GameStop stock in recent days, while saddling big Wall Street players with elephantine losses. In the fallout, the popular stock-trading app Robinhood and several hedge funds are reeling, even as some of the GameStop investors have moved on to other targets most recently, the market for silver.
Is this something that should concern retirement savers? Probably not. If you re investing for retirement, you should be looking at the long term, not next Friday, for your gains. You also shouldn t be cavorting with individual stocks, especially those of small, shaky companies. Stick with well-diversified, low-cost mutual funds, which don t pull the
Queen Elizabeth distraught after record-breaking anniversary sparks frenzy within monarchy
Entertainment
Why Queen Elizabeth feels devastated over celebrating record-breaking anniversary
Queen Elizabeth is all set to mark 70 years on the British throne and as much as this is a huge milestone, the monarch does not really believe in celebrating the longevity of her reign.
This is just because it reminds her about the people that she has lost, throughout her magnificent era.
As explained by royal expert Rebecca English, Accession day is the day where the Queen sadly lost her beloved father King George VI, and she normally marks it quietly at Sandringham.
Acting Premier Steven Miles says the Queensland Government will consider the use of GPS tracking devices for juveniles on bail, after the Queensland Police Union calls for a focus on youth crime.
Townsville teens road rampage leaves police officer with spinal injuries amid astounding spike in car thefts
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SatSaturday 30
The teenagers hours-long rampage saw two police officers suffer head, back and spinal injuries.
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A group of youths who allegedly tried to ram police vehicles in a stolen four-wheel-drive during an hours-long road rampage in Townsville have been taken into custody.
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Six youths are arrested after leading an hours-long road rampage through Townsville in a stolen 4WD
Vehicle theft has fallen nationwide by 5 per cent in the past four years but risen in Queensland by 48 per cent
Apple surges to $100 billion-plus quarterly revenue
27 Jan, 2021 08:00 PM
4 minutes to read
By: Michael Liedtke
Apple s delayed launch of its latest iPhones unleashed a holiday buying frenzy that propelled sales of the trendsetting company s most popular product to its fastest start in years.
The apparently pent-up demand for four different iPhone 12 models highlighted Apple s latest quarterly report Wednesday.
Apple s iPhone sales during the October-December period totaled US$65.6 billion ($91.8b), a 17 per cent increase from the same time in the previous year.
Part of the gain reflected pandemic-driven production problems that pushed back the release of the new iPhone until October and November. In past years, including 2019, Apple rolled out its new iPhones in late September, resulting in a spike in sales in an earlier quarter than how things unfolded last year.