Streaming Services, Bonds and CA Legislation (calling for a 32-hour workweek for companies with more than 500 employees), Harrison Johnson, CFP®: Working smart, not hard

• Streaming Services
  After Netflix's results yesterday that saw the company lose 200,000 paid subscribers and forecast a loss of 2 million subscribers in the second quarter, it is clear the streaming competition is catching up with the company. I do believe this loss of subscribers is going to be isolated to Netflix as other streamers continue to play catchup. For example, HBO & HBO Max saw subscribers climb 3 million compared to last quarter and 12.8 million compared to last year. 
• Bonds
  I have recommended investors stay away from bonds over the last few years and now you are beginning to see why. As interest rates rise, bond prices fall. There has been no real safe place in bonds to start the year and I believe this is likely to continue. 

 

• Harrison Johnson, CFP®: Working smart, not hard