Here are three things people are talking about in the market this week.
A taxing situation
Welp, the tax bill passed. Tax code, and legislation in general, is notoriously difficult to understand. When it comes right down to it, most people just want to know how it will affect them and their bottom line.
What it means for you: That depends on your annual earnings. If you, like most americans, make around $45-55,000 per year you’ll see an increase of about 1% in what you take home - $66 per month. If your earnings top $300,000 then you’ll bring home about 4% more - just over $1,000 per month.
An impactful year
Lots of people are predicting that 2018 will be the Year of Impact Investing (we couldn’t agree more). Study after study has shown that investors want to make sure their money goes toward causes and industries they believe in - and the market is finally catching up.
What this means for you: If you’ve taken the time to investigate what your mutual fund actually supports and you didn’t like what you saw, good news! With increased transparency and an entire generation interested in ethically minded investments, you’ll be empowered to make better choices that align with your values.
What’s in a name, really?
Is there big money to be made in buzzwords? Apparently. Long Island Iced Tea Company changed its name to include the word “blockchain” and its stock prices went through the roof!
What this means for you: Get ready to see a lot of this in the future. Just like the greewashing epidemic in foods, financial products, and the healthy living space, companies will adopt buzzwords to increase their brand value and optics without really doing much in the way of innovation.