Month: October 2018

Guggenheim’s Scott Minerd expects a recession in 2020, but if Republicans maintain control of Congress in the upcoming elections that could be delayed. However, there will be a cost, he told CNBC on Wednesday. “That will extend the expansion but that will make the recession that follows all the worse. We’re already seeing excesses in
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Investors Have Been Withdrawing Monday From Leveraged Loan ETFs (Getty) Since October 11, almost $1 billion has been withdrawn from BKLN – a leveraged loan based ETF.  I highlighted my concerns about this market last week and Forbes contributor Mayra Rodriguez Valladares also highlighted this once obscure market with her concerns. In all likelihood, this had more to do
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Few families can cover the skyrocketing cost of college outright. Luckily, there are more than 7 million scholarships available to help. But wading through the options can be overwhelming. Enter free search sites, like Tuition Funding Sources, which help students find the most desirable kind of assistance — money that does not have to be
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Financial services company SoFi has agreed to stop misrepresenting what consumers have saved or will save by refinancing their student loans, in a recent settlement with the Federal Trade Commission. Refinancing debt is when one loan is rolled into another, often at a lower interest rate. The FTC claimed SoFi “made prominent false statements about
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Extrovert in financial planning and investment decision makingandthenwesaved.com Because of their acquisitive nature, it can be more difficult for extroverts to conquer their desire for prompt gratification. Extroverted investors are engaging because they stand out from the crowd. Five Traits of Extroverted People that Influence Financial Planning and Investment Decisions Talkative The talkative nature of extroverts
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Check out the companies making headlines after the bell: Facebook shares initially fell, then turned positive and rose 2 percent in the extended session after the social media giant released a mixed third-quarter earnings report. The company reported earnings of $1.76 per share, higher than the Street’s $1.47 per share estimate. Facebook missed expectations on
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Michael Namer, CEO of Alpha Development, which has six Manhattan buildings in its Green Collection.Ambika Singh Michael Namer is among New York City’s top sustainability advocates in one of its biggest industries: real estate. His company, Alfa Development, has six Manhattan buildings in its Green Collection, starting with Village Green at 311 E. 11 St., which was completed in 2008
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Source: Getty Royalty Free One of the most difficult problems in estate planning is determining how to handle personal collections and other special assets. Often the owner has devoted more than money to these assets. The collection is a special interest that consumed much time and attention, and there probably is an emotional investment as
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For all the attention being lavished on the gig economy, we still have much to learn about those who are working in it. But we are pretty sure about one thing: Many independent contractors and on-demand workers are not paying the amount of tax they should. Some are under-reporting income or claiming deductions to which
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Philip Hammond, U.K. chancellor of the exchequer, holds the dispatch box containing the budget. Photographer: Chris Ratcliffe/Bloomberg In what amounts to a shot across the bows for US tech firms, the UK government has announced a new 2% ‘digital services tax’ on their revenue, rather than their profits. Concerned that many such companies book their
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Technology-focused hedge fund SoMa Equity Partners told investors on Monday that one of its best investment ideas is a stake in The New York Times Company. “Newspapers are mostly dead, but the news isn’t dead,” Gil Simon, SoMa’s founder and chief investment officer, said during an interview with CNBC’s Leslie Picker at the Sohn conference
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A great addition to your reference shelfSZG I guess it was inevitable that the topic of planning for later years would eventually become part of the Dummies media franchise. I have never been a fan of these books; I find them dense, tedious and dry––like a textbook. but obviously millions of people disagree with me
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