GET DAILY SIGNALSExpenses to avoid on the road to retirement
While the path to retirement differs with each individual and their personalized goals, certain truisms apply no matter what the approach. One is, of course, to save as much as possible, as early as possible. Two is common sense, but perhaps overlooked – spend less. It’s easier said than done – after all, short term savings goals offer attractive returns, are somewhat concrete, and seem far more attainable, while long term goals exist as abstractions with limited instant gratification. Which begs the question: how can you cut down on costs to reach your retirement goals?
Around the Home
Mortgage payments are not cheap. This sizable monthly expense may be a necessity for many homeowners, but anyone with an eye on retirement can benefit from prioritizing repayment as soon as financially possible, freeing up funds to contribute towards their nest egg. Refinancing is often beneficial as well, allowing homeowners to shorten the time frame for repayment and subsequently save on interest in the long term. Homeowners with an eye on retirement can also benefit from downsizing or relocating when circumstances, like children moving out, allow.
It is also important to let dreams of a second home rest – or at the very least, to pursue them with an eye on minimizing additional expenses. Second homes are, in practical terms, a second mortgage, which increases the possibility of falling behind on payments (and retirement goals). Second homeowners should look for properties that they can profit from, through rentals or other means, to cover whatever outlay the incur through ownership.
Focus on Your Finances
Parents want to position their children for success – even if that means taking on additional financial burden. As higher education grows more expensive, federal student loans have become more ubiquitous. But it is important to consider the repercussions of taking out PLUS loans, whose hefty interest rates – in most cases, around 7 percent – mean debt can accumulate quickly.
Somewhat counterintuitively, the best thing that parents can do for their children is to focus on shoring up their own financial footing. By ensuring a viable financial future for themselves, parents can limit the possibility of burdening their children later in life – and then position themselves to help once their situation is secured.
Always Evaluate
Short term gratification is addictive, but not necessarily the smart play for the future. Saving effectively for retirement means taking constant inventory of spending habits, then strategically determining where to cut back. Finding places to save money and learning how to limit spending means the opportunity to put more towards a retirement account, which means reaching your retirement goals sooner.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
SPY in upward trend: price may jump up because it broke its lower Bollinger Band on October 30, 2026
SPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 35 of 39 cases where SPY's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +0.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in 295 of 356 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
The Aroon Indicator entered an Uptrend today. In 362 of 419 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 49 of 70 cases where SPY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 70%.
The Momentum Indicator moved below the 0 level on October 29, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In 61 of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on October 15, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 38 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 73%.
SPY moved below its 50-day moving average on October 30, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SPY crossed bearishly below the 50-day moving average on October 30, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 76%.
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