POCKETBOOK: Week ending May 26, 2018



  • Uber-Rich Goal Setting

Having a personal goal of a retirement account with $1 million in it is noble, even though 1,000,000 won’t necessarily get many very far in retirement. Certainly not as far as it did 20, 30 or definitely 50 years ago. Nonetheless, that target figure is worth shooting for for the masses.

For the super elite, however, it’s chump change.

According to Bloomberg, in the world of private bankers who cater to the uber-wealthy, having $25 million in investable wealth makes one considered rich and provides the “basic service” from private wealth bankers.

But wait. There’s more.

Business Class for the uber-wealthy in a private banker’s eye takes $100 million; First Class, $200 million; and Private Jet Rich, $1 billion.

Set your goals as your needs dictate.


  • Market Quick Glance

Once again it was the NASDAQ and Russell 2000 indices where positive strides were recorded last week.

If the indices are telling investors anything, it’s to have a diversified portfolio.

Nothing exciting about that news except that it’s always wise advice.

Last week Bespoke Investments listed some of NASDAQs best and worst performing stocks so far this year. Here are the names of the most notable in each category:

  • Top 3 performing stocks from the NASDAQ 100:

Netflix (NFLX) up 81.96%; Micron (MU) up 12.41%; and Align Technology (ALGN) up 42.69%.

  • Three biggest losing stocks from the NASDAQ 100:

DISH Network (DISH) down -36.15%, NetEase(NTES) down -35.37%; and Dentsply Sirona (XRAY) down -29.80%.

Below are the weekly and 1-year index performance results for four major indices— including the dates each reached new highs—according to CNBC.com based on prices at the close of business on Friday, May 25, 2018.

DJIA 0.14% YTD moved up into plus territory from the previous week’s -0.02%

  • 1 yr Rtn 19.61% down from the previous week’s 19.61%

Most recent DJIA all-time high was reached on January 26, 2018 of 26,616.71. The previous high was reached January 18, 2018 was 26,153.42.


-S&P 500 1.78% YTD up a tiny bit from week’s 1.47%

  • 1 yr Rtn 12.68% down from last week’s 14.68%

The S&P 500 reached its most recent all-time high on January 26, 2018 of 2,872.87. The previous high was reached on January 19, 2018 of 2810.33.


-NASDAQ 7.68% YTD up a little from last week’s 7.24%

  • 1yr Rtn 19.80% down from last week’s 21.46%

Nasdaq reached a brand new all-time high on March 13, 2018 of 7,637.27. The previous high was reached on March 9, 2018 of 7,560.81.


-Russell 2000 5.95% YTD up a hair from last week’s 5.93%

  • 1yr Rtn 17.60% down from last week’s 19.51%

The Russell 2000 reached an all-time high on January 24, of 1,615.52. The previous high was reached on January 16, 2018 of 1,604.02.


-Mutual funds

With the beginning of summer fast approaching, and the old saying reminding investors to sell in May and go away, that play hasn’t been particularly a good one within the mutual fund arena—so far.

For example,the average performance of the funds under the U.S. Diversified Equity Funds heading was up 3.34% year-to-date at the close of business on Thursday, May 24, 2018. That’s much higher than it was three weeks before– on May 3 it was 0.65%.

Small-Cap Growth funds have made the biggest gains and were up on average over 10%,

Also with heading averages up 10% or more year-to-date were Science & Technology Funds, 10.98%; Global Science & Technology funds, 10.79%; and Commodities Energy Funds, 12.99%.

Visit www.allaboutfunds.com for more information about how various equity and fixed-income funds have rewarded investors over the short-and long-term, based upon Lipper data. Short-term meaning weekly and monthly performance returns; longer-term includes quarterly, year-to-date, 1-yr, 2-yr, 3-yr and 5-yr returns.


  • Credit Card Debt Growing

Not sure who in Washington has noticed, but it has been apparent to most folks living across America that the cost of living is going up. Who hasn’t noticed that the increased cost of a gallon of gas makes an impact in the amount of disposable cash one has in their pockets? Or that groceries, even at places like Aldi’s, cost a little more? And that a buck or two increase in one’s hourly pay doesn’t translate to much?

So it may come as no surprise that people are using their credit cards more and more. And, not paying their balances off in full each month.

According to MyBudget360.com, there is more than $1 trillion in credit card debt outstanding in America these days.  Most of that debt is on cards issued by smaller banks.

From that source: “Credit card delinquencies at more than 4,700 small US banks are not past the figure reached at the peak of the last financial crisis.”

Oh my.





















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