4 Investing Mantras, Hurting Home Value, and 5 Tech Stocks

Can money buy happiness?

Good morning. It's Tuesday, Nov. 28, and we're covering emotional spending, top five tech stocks, ghosting your real-estate agent, and much more.

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Stock Market Update

Market Performance: November 28, 2023.

Stocks closed down on Monday even as the major indexes remained on track to book their best month in over a year as an upbeat Wall Street kept rally hopes alive.

The Dow Jones Industrial Average (^DJI) dipped about 0.2%, or more than 50 points, while the benchmark S&P 500 (^GSPC) also lost 0.2%.

The tech-heavy Nasdaq Composite (^IXIC), which traded in positive territory for most of the day, slipped in late trading, closing down roughly 0.1%.

High optimism for an end to US interest rate hikes has buoyed November's rally in stocks, setting the Dow up for its strongest month since October of last year — and since July 2022 for the Nasdaq and S&P 500.

Financial Maverick Insights

'You can't trust your instincts,' says financial psychologist—here's how to avoid emotional spending

If stress or sadness has ever pushed you to buy something you probably don’t need, you’re not alone. Nearly 70% of Americans say emotions have influenced their spending, a recent LendingTree survey finds.

Younger generations are more susceptible to letting their feelings influence their purchasing habits. Roughly 75% of both millennials and Gen Z admit to emotional spending, possibly because they’re less likely to think about their retirement funds when clicking “buy.”

Emotional spending is driven by our amygdala, the part of the brain that processes emotions. And when your emotions are running high, the prefrontal cortex — which is responsible for making judgements like those related to budgeting — gets tuned out…

By developing a clear and exciting vision of how you want to spend your money in the future — think financial freedom or a down payment on a home — you can direct your emotional spending toward your goals.

5 Tech Stocks You Can Buy and Hold for the Next Decade

Technology might be the hardest industry to stay on top of, but these stocks are positioned to dominate for years to come. Technology is a fascinating field to invest in, as you put your money into the companies building the future.

  1. A tremendous software company for government applications: Palantir Technologies (PLTR -0.62%) made a splash on Wall Street, weaving its custom software into the inner workings of America's government and that of its allies.

  2. The chip company powering the AI revolution: Semiconductor leader Nvidia (NVDA 0.97%) has become the de facto chip company of this year's AI explosion.

  3. A social media powerhouse: Dominating the world's social media landscape, Meta Platforms (META -1.04%) is behind several of the world's most popular apps, including Facebook, Instagram, and WhatsApp.

  4. The world's leading cloud company: Known most for e-commerce, Amazon (AMZN 0.68%) doubles as a global technology giant. Its cloud platform, Amazon Web Services (AWS), is the world's leading cloud business, with an estimated 32% hold on the world's cloud service market.

  5. An EV company building humanoid robots: CEO Elon Musk is a sometimes polarizing figure, but nobody can deny his success in growing Tesla (TSLA 0.27%) into a $700 billion juggernaut.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.