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Charles Passy covers a variety of topics, includingpersonal finance, food, entertainment and anything and everything trending and quirky. He also writes the Weekend Sip column, which covers wine, spirits and beer. In his spare time, he obsesses about where to find the perfect slice of New York-style pizza.Follow him on Twitter @CharlesPassy.
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Charlie Garcia is the founder of R360, a global community of individuals and families with a net worth of $100 million or more. He is editor-in-chief of the Night Owl, R360’s exclusive publication delivering contrarian insights into global markets. Garcia is the author of the books “A Message From Garcia” and “Leadership Lessons of the White House Fellows.” A bitcoin enthusiast, he runs his own node.
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With the S&P 500 on pace for a 16% yearly gain already, investors find themselves at a familiar crossroads: lock in profits while they are hot, or stay greedy and bet on a typical year-end rally that could push stocks to new highs.
The S&P 500 SPX just defied one of Wall Street’s most entrenched seasonal clichés — “sell in May and go away” — with its strongest May-through-October stretch since 1950. Historically, this six-month stretch is the worst seasonal period for stocks, with an average gain of only 2.1%, according to data compiled by LPL Financials. But this time, the S&P 500 advanced 22.9% during the period, while the Dow Jones Industrial Average DJIA was up nearly 17% and the Nasdaq Composite COMP surged 36%, according to FactSet data.
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College is almost here for many high-school seniors. But as every family knows, going to college costs money. While financial aid is essential for many students and parents to afford higher education, it may not provide the full extent of coverage or the amount they anticipate.
It’s easy for students to misunderstand and misinterpret college award letters that specify the financial aid they will receive. Parents and students should make sure they have done their research before signing anything. They should read the letters carefully to understand what they are getting and how much more money they may need to cover all costs.
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Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey Co., and is a Chartered Financial Consultant. His latest book, “Storm Proof Your Money”, was published by John Wiley Co.