12.12.19 Emerging jobs to consider; Avoiding fund mistakes when investing

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 12 December 2019

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

LinkedIn has published a list of the top 10 emerging jobs. The trend is clear: STEM jobs are happening. 7 out of 10 are related to tech, computers and science. Don’t go STEM if you have no aptitude. But if so, the career paths are wide open. Some for profit schools have taken advantage of students, recruiting them with false promises. The University of Phoenix has historically enjoyed a good reputation. Now the school must absorb a $50 M penalty and $141 in student loan debt from students who attended under false pretenses, having been told the school had corporate partners directly hiring graduates. The FTC found that was all made up. False advertising to this effect started in 2012. Students enrolling based on those false promises of corporate partnerships are eligible to apply for having their loans wiped out. A Financial Review study looks at how people choose the funds in a 401k. An employer will supply a list of fund choices. People are most likely to put money into the first 4 funds they see on the list. If you’re not into investing and your plan offers a target retirement funds, that’s the easiest, wisest choice to make. Pick the year closes to your projected retirement and the fund adjusts accordingly over time. For Roth investing, also do the target retirement fund. Keep it simple. If your company 401k offering doesn’t have target retirement funds, if you’re under age 45, put the money a total stock market index fund, or a 500 stock index fund. You could also put some of your money into a total international index fund. Conservative investors should consider putting 20% in a total bond index fund. 3 funds could get your money widely allocated to lower risk in times of decline. Choose target retirement funds when available. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Childhood should be fun. Don't let bed wetting spoil that. Dry nights give maximum protection.
0:10.5	So kids can go to bed worry free. Have a dry night sleep. And wake up awesome.
0:24.5	Days start with dry nights. Search dry nights for a free sample.
0:35.5	I'm so glad you're with us here on the Clark Howard show where it's about you learning ways to save
0:41.0	more and spend less. And don't let anyone ever rip you off. Coming up in a few minutes and today's
0:47.9	carcragious moment yet another example about how people are getting ripped off at for-profit
0:56.0	colleges by false claims, false promises with huge consequences for you as a student.
1:06.9	And coming up yet later, there's a new report in a 20-headed financial publication
1:15.6	about how we choose the fund or funds to invest in in our 401k plans.
1:22.9	And their research is not pretty. We need to talk about a different way for you to choose the
1:29.6	investments in your 401k Roth IRA or other equivalent. So our main website is Clark.com.
1:40.8	And our deal site is Clark deals. And we've got less than two weeks now till Christmas.
1:48.8	We're working hard as we can around the clock actually extra shifts to make sure that as deals come
1:57.2	up that we let you know. But this is a really important cycle in the shopping season where a lot
2:04.5	of retailers make more money on every item they sell because the procrastinators who don't really
2:10.8	get jazzed about shopping and do it like, oh, I got to go shop for these people will pay more money.
2:18.2	So a lot of the deals right now aren't really special. We're working to make it as clear as possible
2:24.8	when you see something, whether it really is a deal. And we have items that we find are especially
2:32.4	attractive for you at Clark deals. We also have a daily newsletter if you want to see the hot
2:38.1	items on sale each day. So there's a list that was put out by LinkedIn of the top 10 emerging jobs.
2:51.0	And these come out at various times through the year from different sources. And there'll be wrinkles
2:59.1	that are different from one to another. But the trend is really clear. How much the growth areas and jobs
	...

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