STA Blog

‘How to Plan for an Emergency’: A webinar, part of Financial Literacy Month

I’ve been using Reuters news and terminal products since 1982; I still do. The company has now rebranded itself as Refinitiv – Financial Solutions-Advanced Tech, Data, Expertise. Owned by the London Stock Exchange Group since 2018 when Thomson Reuters sold its 45% stake and Blackstone Group LP its 55% holding, it employs 18,500 people worldwide (2018 figures) and is still a commanding presence in its field.

More recently they’ve moved into educational videos, conferences and a whole host of innovative subsidiaries, including FXall and Refinitiv Lipper. The latter invited me recently (28 April) to watch a presentation with the above title. Presented by Reuters Special Projects Editor Lauren Young, with an introduction by Vishal Jain, Head of Wellness Strategy at Prudential, the three panellists were a breath of fresh air dishing out a whole load of common sense and encouraging tips and tactics.

Some STA members might find the presentation too basic for their needs, but I pass it on as I have a funny feeling that it’s exactly the sort of thing their offspring might find handy – especially as it’s not coming from family with hints of parental disapproval. Also coming from a United States perspective, it helps keep the subject at arm’s length from UK-centric issues.
Did you know that 46% of US households are struggling financially? That 42% of these today earn less than they used to? That the Covid-19 pandemic has put 8 million Americans into poverty? I’m sure you know that here in Britain many have had to resort to food banks and that free school dinners are a key element in a household’s finances.

The video also gives tips on how employers, family and friends can help those trying to move on to a more secure footing. ‘’Nothing helps you sleep at night [than] knowing you’ve got some money tucked away. A small amount of savings – like $250 – can make a big change to someone’s life’’, says Gary Cunningham, CEO Prosperity Now. The speakers suggest one should save enough for 3-6 months’ worth of regular expenditure; the self-employed 9-24 months.

Employers can make this as easy as possible, automating the process, by setting up several savings accounts for separate purposes. Needless to say, financial advice is worth a lot in terms of staff loyalty.

Posted in Finance, General, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA. The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. None of the information on the STA’s blog constitutes investment advice.

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