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Clark Biweekly 3 3 25
Anthony Hazzard
March 03, 2025
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One of Clark’s “three favorite children” added $1 trillion to its assets under management in 2024. Which child do you think it was? Find out later in this email.
💵 Today’s Top Stories
 | Save money with discounts on sunglasses, medicine, clothes, books and more. Check out our full list of brands, days and eligible ages. Read more. |
 | Costco remains Clark’s favorite store. But there are things Sam’s Club does better, he says. Including being more customer-friendly in these ways. Read more. |
 | Clark gave us a simple, six-step formula to make sure you spend as little as possible on your car rental. Here’s how to save like Clark. Read more. |
 | Here’s the ultimate comparison between a Big Three (Verizon) cell phone provider and the much cheaper prepaid provider on the same network (Visible). Read more. |
 | Nearly 100% of U.S. counties were affected by at least one flood in a recent 23-year period. Yet less than 25% of homeowners carry flood insurance. Here’s what it covers and what it costs. Read more. |
🏠️ Today’s Current Mortgage Rates
According to Freddie Mac, 30-year mortgage rates are 6.76% and 15-year rates are 5.94% as of February 27, 2025. The following chart shows the 30-year mortgage rate trend over the last year.
💲Fidelity’s ‘Everything’ Strategy Pays Off
Fidelity Investments added a cool $1 trillion to its assets under management in 2024.
That number seems remarkable, as the decades-old company now manages $5.9 trillion. But the 20.4% increase makes sense given that the S&P 500 rose 23.3% last year.
Total assets under administration, which includes things such as 401(k) accounts, reached $15.9 trillion (up ~20%).
Wrote The Daily Upside: “It’s the result of a decade-long push to offer investors just about every type of investment vehicle imaginable. And the prize for their efforts? Just some $32.7 billion in revenue and $10 billion in annual profit, both company records.”
Fidelity launched two of the first crypto ETFs (exchange-traded funds), doubling its ETF assets under management to $108.5 billion. It also moved to offer wealth management customers fractional shares.
Fidelity is one of Clark’s “three favorite children” for investing along with Schwab and Vanguard.
📊 Stat of the Day
💸 49.7%: The amount of consumer spending in the United States done by the top 10% of earners. That’s a record high in a dataset going back to 1989. The line of demarcation is about $250,000 a year in household earnings. That group increased spending by 12% year over year, whereas working-class and middle-class households spent less.
💰️ Deal Alert: Today’s Top Deals
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🎙️ Podcast
Money means nothing without health and well-being. Unfortunately, Americans are staring at their phones instead of enjoying things like eating and talking with friends. Clark says it’s time to put the phone away! Also, the cost of health insurance is so expensive. But Clark warns to beware non-complaint Affordable Care Act (ACA) plans. The price may be cheaper but the coverage (or lack of coverage) can really hurt you.
☎️ Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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