Tips for job hunting, diversifying your portfolio: Wealth!
On today's episode of Wealth! Yahoo Finance's Brad Smith explores the trading day's biggest stories and top personal finance tips, from investment opportunities to grappling with high mortgage rates. The US added 272,000 jobs in May, surpassing the 180,000 economists projected. As competition for certain jobs heats up, SANDWINA founder and CEO Bridget Lohrius stresses the importance of a great LinkedIn profile: "It's all about building your brand. And that's everything from, of course, building a show-stopping resume and cover letters and building your brand positioning statement." For any job seekers who land contract roles, Yahoo Finance columnist Kerry Hannon breaks down how they can save for retirement when employer-sponsored plans are not available. Nvidia (NVDA) is gearing up for a 10-for-1 stock split after the market close. Winthrop Capital chief investment officer Adam Coons notes that the stock split will open up an opportunity for investors who have sat on the sidelines as the price becomes more attractive and points to the growth of AI benefitting the cybersecurity sector. TIAA Wealth Management chief investment officer Niladri “Neel” Mukherjee explains that amid the AI story, "[what] investors need to do is be very disciplined. They need to be diversified across different asset classes. Most importantly, they need to have their financial plans in place and stick to it." The latest data from Freddie Mac reveals that the 30-year fixed-rate mortgage has dipped below the 7% threshold, settling at 6.99%. William Raveis Mortgage regional vice president Melissa Cohn believes that the "American Dream" of homeownership will become more attainable as interest rates decrease, stating, "It is quite likely that when interest rates come down, more buyers will come into the marketplace, and real estate prices will move upward." This post was written by Melanie Riehl
