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2021/05/29

📝 The Cheat Sheet - May 29, 2021

 
Profit Trends

13% YTD

12.2% YTD

7.2% YTD

Dow Jones Industrial Average

S&P 500 Index

Nasdaq Composite

Editor's Note: The Profit Trends team will be out on Monday for Memorial Day, but regularly scheduled content will return on Tuesday.

We hope you have a relaxing weekend with your loved ones. Stay safe!

- Kaitlyn Hopkins, Assistant Managing Editor

 
Bitcoin Broken

Have Cryptocurrencies Reached the End of Their Rally?

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Couple on the beach

What Does Wealth Mean to You?

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City Skyline

Commercial Solar Installations Are Set to Rise This Year

Read More...

 
Wind Turbines in Ocean
 

Though wind turbines have been installed along the East Coast, the Pacific coast has never been approved to house this renewable energy source. The deep water of the Pacific Ocean would cause too many logistical challenges. However, the Biden administration recently announced an agreement with Gov. Gavin Newsom to bring offshore wind farms to California's coast.

This plan allows for commercial offshore wind farms in two specific regions: centrally located Morro Bay and off the coast of Humboldt in Northern California. The governor went so far as to call this a "game-changing investment in a green energy future."

 

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Ceramic Tile
 

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Left Quote

We're about to enter a golden age for renewable energy investors. Renewable energy sources are rapidly replacing fossil fuel energy sources, like coal and natural gas.

Right Quote
 

- David Fessler
Engineering Strategist

 
 
Chart - The Price of Comfort
 

According to Charles Schwab's 2021 Modern Wealth Survey, a person needs to have an average net worth of $624,000 to be "financially comfortable."

To achieve "financial happiness," one's needed average net worth gets bumped up to $1.1 million.

And true wealth can be had at an average net worth of $1.9 million.

But the vast majority of Americans live nowhere near these levels of financial stability.

And yet, many of them consider themselves to be wealthy...

Read more...

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