Here's our weekly Roundup of recent articles on investing, personal finance, and stewardship.
- Fidelity stokes new-account war, offering 1.9% on client cash (Advisor Hub). Fidelity is now automatically sweeping uninvested cash in new accounts into a money fund yielding 1.91%. (Fidelity's news release.)
- Fidelity to shift billions of retirement assets into international stocks (Reuters). The company is cutting back on U.S.-based assets in the equity portion of its target-date portfolios and bumping up allocations to international equities.
- US credit card interest rates hit 25-year high (Financial Times, via Twitter). Behind a paywall, but you can get to the article by clicking the link, then clicking on the photo of the credit cards.
- 4 reasons parents don't discuss money (and why they should) (New York Times). Focused on higher-income families, but some of the same principles apply across the income spectrum.
Are you rich? This income-rank quiz might change how you see yourself (New York Times). This measures your income against others who live in your area. Of course, the outcome would be quite different if the measurement took the entire world into account.
And from the financial pundits and bloggers...
- Wise words on handling market gyrations (Jon Petersen, Novel Investor). Short quotes from some of the world's best investors, past and present.
- Answering the top 5 questions about ETFs (Rich Powers, Vanguard). Exchange-traded funds can be mystifying. Here's a primer.
- Understanding tracking error (James E. Ross, SPDR Blog). Something else to know about ETFs.
- Best bank account interest rates – summary for August 6, 2019 (Deposit Accounts). In the aftermath of the Fed's recent rate cut, a growing number of online banks are dropping their savings-account rates.
- Financial planning for a special-needs child (Margaret Curtis – MD, The White Coat Investor). An overview of the financial and legal considerations facing families of children with special needs.
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