7 things on deep discount in March (3 3 25)

Author

Anthony Hazzard
March 03, 2025

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
Discounts

March is a banner food month around March Madness, St. Patrick’s Day and more – in addition to deals on grills and outdoor furniture. Look for clearance sales on winter clothing as well. Read more.

Car

You won’t believe the average price of a new car right now (hint: it’s nearly matching the all-time high). Read more.

Retirement Account

Americans collectively have misplaced more than $1.6 trillion in retirement account funds. Here’s how to check to see if any of that money is yours. Read more.

Smartphone on cash

The best cell phone deals include the option to get a third line free for a year, three unlimited lines for $85 and a slew of temporary savings for new customers. Read more.

Flood Insurance

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
Sam's Club warehouse
Portugal
🎙️ 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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