DJI Phantom 3

Investment Mistakes To Avoid

Embark on a Quest with Investment Mistakes To Avoid

Step into a world where the focus is keenly set on Investment Mistakes To Avoid. Within the confines of this article, a tapestry of references to Investment Mistakes To Avoid awaits your exploration. If your pursuit involves unraveling the depths of Investment Mistakes To Avoid, you've arrived at the perfect destination.

Our narrative unfolds with a wealth of insights surrounding Investment Mistakes To Avoid. This is not just a standard article; it's a curated journey into the facets and intricacies of Investment Mistakes To Avoid. Whether you're thirsting for comprehensive knowledge or just a glimpse into the universe of Investment Mistakes To Avoid, this promises to be an enriching experience.

The spotlight is firmly on Investment Mistakes To Avoid, and as you navigate through the text on these digital pages, you'll discover an extensive array of information centered around Investment Mistakes To Avoid. This is more than mere information; it's an invitation to immerse yourself in the enthralling world of Investment Mistakes To Avoid.

So, if you're eager to satisfy your curiosity about Investment Mistakes To Avoid, your journey commences here. Let's embark together on a captivating odyssey through the myriad dimensions of Investment Mistakes To Avoid.

Showing posts sorted by relevance for query Investment Mistakes To Avoid. Sort by date Show all posts
Showing posts sorted by relevance for query Investment Mistakes To Avoid. Sort by date Show all posts

5 Mistakes To Avoid When Buying A Refrigerator


5 mistakes to avoid when buying a refrigerator


5 mistakes to avoid when buying a refrigerator

Buying a refrigerator is a big deal. If you make the wrong decision, you'll have to live with it for years, maybe even a decade or more. Don't freak out though. While it isn't everyday you shop for a large appliance, a little planning ahead of time goes a long way. This guide lays out the usual mistakes people tend to make when buying a fridge.

Not surprisingly, there are many pitfalls to avoid. On the list are things to consider before you step into the store, or click that buy button. One is choosing the wrong style and finish for your home's decor. Another is not thinking about capacity and your food storage needs. And sweating the details is important, too. Cantankerous interior drawers are never fun to live with. Are there compartments for cold cuts, cheese, dairy? Perhaps you don't care, but at least check before you commit.

Extras such as ice makers, water dispensers, and automatic water pitchers that you'll use every day can make a big difference, and even cameras and smarts are key factors too. And something that's a must-have feature for someone else might be a waste of money to you, so understanding what you're paying for matters.

Here are the biggest mistakes you can make when buying a refrigerator.

Think about what you want in a fridge before you buy.

Tyler Lizenby/CNET

Buying the wrong style

Refrigerators may be large boxes but they're far from monolithic. They come in a range of shapes, sizes, and designs. Each style has its specific strengths and weaknesses. Some fridge types generally cost less but won't offer many fancy features. Others tend to have all the latest bells and whistles plus a massive price and large size.

Buying the wrong style appliance could mean bad news. You might get stuck with a bloated bill, no frills at all, or something that won't fit where you want it. Here's a rundown of major fridge styles so you know what to expect

Top freezers

The classic fridge design, top freezer-style models have been around for decades. They have a main chiller section for fresh food and a smaller freezer compartment above it. If you need a lot of room to store frozen items this style of refrigerator isn't ideal. They're also pretty basic appliances and lack extras such as in-door water dispensers and automatic ice makers. The upside is they tend to be more affordable and more compact than other fridge styles.

Buy: If you want to save money, don't need fancy extras, and have a small kitchen

Don't buy: If you want high style, lots of storage and luxury features.

Bottom freezer

On average these refrigerators come in slightly larger sizes than top freezers. They have a reverse layout too with their larger freezer section on the bottom. The chilled section for fresh food sits above that. While bottom freezer models provide easier access to fresh items, frozen food will be tougher to reach. Even aided by drawer-style freezer doors, you'll still have to bend down to grab what you want.

Buy: If you want more room for frozen food than top freezers and easier access to fresh items.

Don't buy: If you can't stand bending down to reach frozen food.

Side-by-side

This style of refrigerator is all about compromise. Side-by-side models offer a balance between saving space and providing extra features. They're split down the middle with two doors, one for the freezer on the left and the other for the fridge on the right. Their doors are relatively narrow too since they don't swing out as far. Don't expect special drawers for quick drinks or easy access to kids' snacks. Side-by-side refrigerators do have lots of freezer and fridge storage. Some models also come with fancy add-ons such as in-door ice makers, water dispensers, and touch controls.

Buy: If you want ample storage and a handful of modern features, or if you have a narrow kitchen.

Don't buy: If you crave extra compartments for quick or kid-friendly access to drinks and snacks.

French door

A combination of side-by-side and bottom freezer models, French door refrigerators try to offer it all. They usually pack in the most advanced features including smart, connected functions and special compartments. French-door models are also the most popular fridge variety so they're available in the most colors and finish options. As a result, you'll pay top dollar for them too.

Buy: If you want all the bells and whistles you can get and have a big budget.

Don't buy: If you're hunting for a bargain.

Fridges are big and heavy so make sure it'll fit where you want it first.

Chris Monroe/CNET

Forgetting to check the fit

No matter what fridge style you choose, one massive misstep is not checking the fit. Make sure the new appliance will squeeze into the same spot as your current refrigerator. Do that by measuring the dimensions of your old unit. Then compare them with the new fridge you plan to purchase. Ideally the replacement appliance will be identical to or smaller than the current model. This is especially important if your current fridge lives in a recessed nook within built-in cabinets.

It's equally important to measure your counter depth. Some fridges can stick out far beyond your counters, jutting into your kitchen. If you have a kitchen island, measure how much clearance you have to open the fridge doors or walk past the fridge.

Don't forget to measure entry points too, such as your front door, hallways, basement doors, and so on. Anticipate the path a delivery person will take to avoid any unexpected issues or complications.

Decide how much storage space you need.

Tyler Lizenby/CNET

Not accounting for storage and capacity

No refrigerator owner is the same. Choose a fridge that fits your particular storage needs. Do you tend to keep lots of items on ice for long periods? Make sure to select an appliance with plenty of freezer space. In this case a side-by-side model is probably best. If the opposite is true then a big French-door fridge is likely more your speed.

Of course your prospective purchase might serve as secondary refrigerator. Scenarios for this are small apartments, second homes, and basement kitchenettes. Likewise if you already own a stand-alone fridge or freezer, price is probably paramount rather than storage space.

The right fridge color can make or break your kitchen decor.

CNET

Discounting color and finish

The appearance of the fridge you ultimately settle on is no small matter. Outside of its functions and features, a refrigerator's (or any large appliance) exterior can have a huge impact on a room's decor. Pick poorly and a fridge can clash with its surroundings -- giving your kitchen a random, even cluttered aesthetic.

Depending on the look you're going for, you may decide that your new refrigerator should match the color (and texture) of other nearby appliances. You could do the opposite too and select a fridge with striking colors or a retro-inspired design. As long as the rest of the room is neutral, your distinctive appliance will serve as a positive focal point.

For a deep dive on how to choose the color and finish of your new appliance, read our full guide.  

Little details such as how easy (or hard) it is to use interior drawers are important.

Tyler Lizenby/CNET

Letting the small things slip

Another trap you may fall into when shopping for a new fridge is not considering other, smaller factors. For instance you may overlook details about the interior. How easy is it to open and close the crisper drawers? Are there any sharp edges anywhere that could scrape or scratch knuckles or forearms?

New LG Instaview fridges now make clear ice spheres for fancy drinks.

LG

Sometimes a refrigerator will lack dedicated compartments for meats, cold cuts, dairy, or cheese. And if you'd like to have an ice maker, water dispenser, or autofill water pitcher, check if there's a water line nearby. It's best to know this information before you commit to the purchase. 


Source

Tags:

Inflation, Interest Rates And Jobs: How Today's Economy Compares To Recessions Of The Past


Inflation, Interest Rates and Jobs: How Today's Economy Compares to Recessions of the Past


Inflation, Interest Rates and Jobs: How Today's Economy Compares to Recessions of the Past

This story is part of Recession Help Desk, CNET's coverage of how to make smart money moves in an uncertain economy.

What's happening

There's still debate about whether the US economy is officially headed into a recession, but the economic downturn is causing widespread stress.

Why it matters

Periods of financial volatility and market decline can drive people to panic and make costly mistakes with their money.

What's next

Examining what's happening now -- and comparing it with the past -- can help investors and consumers decide what to do next.

Facing the aftershocks of a rough economy in the first half of 2022, with sky-high inflation, rising mortgage rates, soaring gas prices and a bear market for stocks, leading indicators of a recession have moderated slightly in the past month. That could mean the economic downturn won't be as long or brutal as expected. 

Still, the majority of Americans are feeling the sting of rising prices and anxiety over jobs. The country has experienced two consecutive quarters of economic slowdown -- the barometer for measuring a recession -- even though the National Bureau of Economic Research hasn't made the "official" recession call.  

At a time like this, we should consider what happens in a recession, look at the data to determine whether we're in one and try to maintain some historical perspective. It's also worth pointing out that down periods are temporary and that, over time, both the stock market and the US economy bounce back. 

I don't mean to minimize the gravity and hardship of the times. But it can be useful to review how the economy has behaved in the past to avoid irrational or impulsive money moves. For this, we can largely blame recency bias, our inclination to view our latest experiences as the most valid. It's what led many to flee the stock market in 2008 when the S&P 500 crashed, thereby locking in losses and missing out on the subsequent bull market. 

"It's our human tendency to project the immediate past into the future indefinitely," said Daniel Crosby, chief behavioral officer at Orion Advisor Solutions and author of The Laws of Wealth. "It's a time-saving shortcut that works most of the time in most contexts but can be woefully misapplied in markets that tend to be cyclical," Crosby told me via email. 

Before you make a knee-jerk reaction to your portfolio, give up on a home purchase or lose it over job insecurity, consider these chart-based analyses from the last three decades. We hope this data-driven overview will offer a broader context and some impetus for making the most of your money today.

What do we know about inflation? 

Historical inflation rate by year

Chart showing inflation levels since the late 1970s
Macrotrends.net

Current conditions: The US is experiencing the highest rate of inflation in decades, driven by global supply chain disruptions, the injection of federal stimulus dollars and a surge in consumer spending. In real dollars, the 8.5% rise in consumer prices over the past year is adding about $400 more per month to household budgets. 

The context: Policymakers consider 2% per year to be a "normal" inflation target. The country's still experiencing over four times that figure. The 9.1% annual rate in July was the largest jump in inflation since 1980 when the inflation rate hit 13.5% following the prior decade's oil crisis and high government spending on defense, social services, health care, education and pensions. Back then, the Federal Reserve increased rates to stabilize prices and, by the mid-1980s, inflation fell to below 5%.

The upside: As overall inflation rates rise, the silver lining might be increased rates of return on personal savings. Bank accounts are starting to offer more attractive yields, while I bonds -- federally backed accounts that more or less track inflation -- are attracting savers, too. 

What's happening with mortgage rates? 

30-year fixed-rate mortgage averages in the US

Current conditions: As the Federal Reserve continues its rate-hike campaign to cool spending and try to tame inflation, the rate on a 30-year fixed mortgage has grown significantly. In June, the average rate jumped annually by nearly 3 percentage points to almost 6%. In real dollars, that means that after a 20% down payment on a new home (let's use the average sale price of $429,000), a buyer would roughly need an extra $7,300 a year to afford the mortgage. Since then, rates have cooled a bit, even dipping back down below 5%. What happens next with rates depends on where inflation goes from here.

The context: Three years ago, homebuyers faced similar borrowing costs and, at the time, rates were characterized as "historically low." And if we think borrowing money is expensive today, let's not forget the early 1980s when the Federal Reserve jacked up rates to never-before-seen levels due to hyperinflation. The average rate on a 30-year fixed-rate mortgage in 1981 topped 16%. 

The upside: For homebuyers, a potential benefit to rising rates is downward pressure on home prices, which could cause the housing market to cool slightly. As the cost to borrow continues to increase with mortgages becoming more expensive, homes could experience fewer offers and prices would slow in pace. In fact, nearly one in five sellers dropped their asking price during late April through late May, according to Redfin. 

On the flip side, less homebuyers mean more renters. Rent prices have skyrocketed, and housing activists are asking the White House to take action on what they call a "national emergency."

What about the stock market? 

Dow Jones Industrial Average stock market index for the past 30 years

Chart showing 30 years of macrotrends for the Dow Jones Industrial Average
Macrotrends.net

Current conditions: Year-to-date, the Dow Jones Industrial Average -- a composite of 30 of the most well-known US stocks such as Apple, Microsoft and Coca-Cola -- is about 8.5% below where it started in January. Relative to the broader market, technology stocks are down much more. The Nasdaq is off almost 19% since the start of the year. 

The benchmark S&P 500 stock index hit lows in June that marked a more than 20% drop from January, which brought us officially into a bear market. Since then, it's bounced back up a little, but some experts warn that a current bear market rally is at odds with expected earnings and we could see even lower stock prices in the near future.

The context: Stock price losses in 2022 are not nearly as swift and steep as what we saw in March 2020, when panic over the pandemic drove the DJIA down by 26% in roughly four trading days. The market reversed course the following month and began a bull run lasting more than two years, as the lockdown drove massive consumption of products and services tied to software, health care, food and natural gas. 

Prior to that, in 2008 and 2009, a deep and pervasive crisis in housing and financial services sank the Dow by nearly 55% from its 2007 high. But by fall 2009, it was off to one of its longest winning streaks in financial history. 

The upside: Given the cyclical nature of the stock market, now is not the time to jump ship.* "Times that are down, you at least want to hold and/or think about buying," said Adam Seessel, author of Where the Money Is. "Over the last 100 years, American stocks have been the surest way to grow wealthy slowly over time," he told me during a recent So Money podcast.

*One caveat: If you're closer to or living in retirement and your portfolio has taken a sizable hit, it may be worth talking to a professional and reviewing your selection of funds to ensure that you're not taking on too much risk. Target-date funds, a popular investment vehicle in many retirement accounts that auto-adjust for risk as you age, may be too risky for pre- or early retirees. 

What does unemployment tell us? 

US unemployment rates

Current conditions: The July jobs report shows the unemployment rate holding steady, slightly dropping to 3.5%. The Great Resignation of 2021, where millions of workers quit their jobs over burnout, as well as unsatisfactory wages and benefits, left employers scrambling to fill positions. However, that could be changing as economic challenges deepen: More job losses are likely on the horizon, and an increasing number of workers are concerned with job security. 

The context: The rebound in theunemployment rate is an economic hallmark of the past two years. But the ongoing interest rate hike may weigh on corporate profits, leading to more layoffs and hiring freezes. For context, during the Great Recession, in a two-year span from late 2007 to 2009, the unemployment rate rose sharply from about 5% to 10%. 

Today, the tech sector is one to watch. After benefiting from rapid growth led by consumer demand in the pandemic, companies like Google and Facebook may be in for a "correction." Layoffs.fyi, a website that tracks downsizing at tech startups, logged close to 37,000 layoffs in Q2, more than triple from the same period last year. 

The upside: If you're worried about losing your job because your employer may be more vulnerable in a recession, document your wins so that when review season arrives, you're ready to walk your manager through your top-performing moments. Offer strategies for how to weather a potential slowdown. All the while, review your reserves to see how far you can stretch savings in case you're out of work. Keep in mind that in the previous recession, it took an average of eight to nine months for unemployed Americans to secure new jobs.

§

What's happening

Home prices overall are up by 37% since March 2020.

Why it matters

Surging home prices and higher interest rates make monthly mortgage payments less affordable.

What's next

Rising mortgage rates will make borrowing money more expensive, which will lessen competition to buy homes and eventually flatten prices.

Home prices continued to skyrocket in March as buyers tried to stay ahead of rising mortgage rates. 

Prices increased by 20.6% this March compared to last year, according to the S&P CoreLogic Case-Shiller Indices, the leading measures of US home prices. This was the highest year-over-year increase in March for home prices in more than 35 years of data. Seven in 10 homes sold for more than their asking price, according to CoreLogic. 

Out of the 20 cities tracked by the 20-city composite index, Tampa, Phoenix and Miami saw the highest year-over-year gains in March. Tampa saw the greatest increase, with an almost 35% increase in home prices year-over-year. All 20 cities experienced double-digit price growth for the year ending in March.

The strongest price growth was seen in the south and southeast, with both regions posting almost 30% gains in March. Seventeen of the 20 metro areas also saw acceleration in their annual gains since February. 

"Those of us who have been anticipating a deceleration in the growth rate of US home prices will have to wait at least a month longer," said Craig Lazzara, managing director at S&P DJI, in the release. "The strength of the Composite indices suggests very broad strength in the housing market, which we continue to observe."

Since the start of the pandemic in March 2020, home prices overall are up by 37%. The current surge in home prices is a result of tight competition between buyers in a low-inventory market as they attempt to lock in lower mortgage rates before rates jump even higher throughout the year, as experts predict they will.

If you're considering buying a new home -- or are actively in the market -- the news isn't all bad. Interest rates are at their highest point in more than 40 years, and one potential benefit of that may, eventually, be downward pressure on home prices. As it becomes increasingly expensive to borrow money, fewer people will seek to do so, and homes for sale may receive fewer offers leading to, eventually, lower prices. In fact, nearly one in five sellers lowered their asking price during a four-week period in May and April, according to Redfin.

"Mortgages are becoming more expensive as the Federal Reserve has begun to ratchet up interest rates, suggesting that the macroeconomic environment may not support extraordinary home price growth for much longer," said Lazzara. "Although one can safely predict that price gains will begin to decelerate, the timing of the deceleration is a more difficult call."


Source

Tags:

Search This Blog

Menu Halaman Statis

close