The Cumberland County Fair was a big deal in my youth. We saved our money all year so we could spend a wad of it at the midway on rides like the tilt-a-whirl, the bullet, and the rock-a-plane. In my adulthood, the pattern has repeated, but in a different way—August has been a month when clients have been taken for a wild ride in the markets. In that spirit, to avoid being taken on a wild ride by identity thieves, information is provided on places to not give out your social security number.
August has been the worst month for the major index since 1987. US investors may be in for a bumpy ride in August, according to Allianz Global Investors. This outcome would be consistent with history. In the short run there is the potential for higher volatility because of several key conditions.
Why to Expect More Volatility Ahead. Slowing global growth has appeared; commodities continue to trade lower and bond yields are once again falling. Growth expectations and credit market conditions are both important determinants of equity market volatility, according to Russ Koesterich of Blackrock.
Don’t Give out your Social Security Number at These Places. When should you give your Social Security number and when should you not? Clark Howard’s rule on giving out his Social Security number is that he doesn’t do it, unless he knows it’s absolutely, positively required for what he’s doing.
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J. Mark Nickell & Co.
Disclosure – The articles mentioned in This Week with J. Mark Nickell & Co. are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the J. Mark Nickell & Co. website. The opinions expressed in these articles are the opinions of the author and not J. Mark Nickell & Co. This is not an offer to buy or sell any security. J. Mark Nickell & Co. is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.
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