HISTORICALLY LOW
The yield on the 10-year Treasury note closed Friday 11/20/20 at 0.83%, its 170th consecutive trading day of closing below 1%, i.e., occurring every trading day since 3/19/20. The yield on the 10-year note dropped below 1% for the first time ever on 3/03/20. 10-year notes have been traded in the USA since 1790, i.e., 230 year of trading. (Source: Treasury Department)
USE TIME TO YOUR ADVANTAGE
$522 invested at the beginning of every month for 40 years earning 6% per year will accumulate to $1 million. $1,021 invested at the beginning of every month for 30 years earning 6% per year will accumulate to $1 million. The calculations ignore the impact of taxes and are for illustrative purposes only and are not intended to reflect any specific investment alternative. (Source: BTN Research)
DURING A PANDEMIC
The median sales price of existing homes sold in the United States was $313,000 in October 2020, an all-time record both on a nominal basis (i.e., not adjusted for inflation) and on an inflation-adjusted basis. (Source: National Association of Realtors)
RAISE TUITION OR CUT EXPENSES?
30% of American colleges, including both public institutions and private schools, are running a deficit during their current fiscal year. (Source: Moody’s Investors Service)
