Mark Cuban explains how to make a 16% guaranteed return

As Mark Cuban, the “Shark Tank” star, billionaire entrepreneur, and NBA franchise owner explains, just pay off your debts. The personal finance site NerdWallet put our revolving credit card balance at $420.22 billion in late 2018. The revolving number is just the credit card debt we carry from month to month.

These 16 money wasters are why so many Americans can’t save for retirement

From the lofty perch of old age, and after a lifetime of thrift, I declare that I am qualified to comment on how not to waste money. We've all heard the reports: Most Americans live paycheck to paycheck, a large number can't come up with $400 for an emergency, and there's no money to save for retirement and other goals. Most of that data comes from surveys where people are, in effect, saying they don't have enough income.

I built a nest egg of $1 million and I’m only 46 — so why do I still spend my waking hours worrying?

We have over $1 million in investments for ourselves, an additional $50,000 in investments for our two girls to be used for college. We have made investing mistakes, but we have learned from them. All told, we currently have over $1 million in investments for ourselves, an additional $50,000 in investments (529s and a Scottrade custodial account) for our two girls to be used for college, with our only debt being the final few years of our mortgage.

Copy insiders and buy these stocks — because they see no recession looming

I recently told subscribers of my stock letter Brush Up on Stocks to get more bullish on stocks because of robust insider buying in cyclical sectors like tech, banks, industrials, chemicals, airlines, autos, hotels, energy, mining, and brokerage and investment companies. Insiders would definitely not be doing this if — like Gundlach — they saw a recession on the way. Instead, they'd be on a buyer's strike, or at best they'd favor utilities or consumer non-discretionary companies.

Here’s the game plan for U.S. stock investors if China retaliates against Trump

In the past, China has shown extraordinary restraint in response to U.S. tariffs and President Trump's critical tweets. Let us discuss your game plan if China retaliates, starting with the help of two charts. Please click here for an annotated chart S&P 500 ETF (SPY) Even though the Dow Jones Industrial Average (DJIA) is the most popular index, for analysis purposes, investors ought to focus on S&P 500 because the most money is tied to the S&P 500 Index (SPX) of the largest U.S. companies.

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  Trump’s tariffs and bad weather take toll on U.S. farmers

  MarketWatch
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  U.S. whiskey exporters struggle after year of EU tariffs

  Reuters

Senior rip-offs are soaring—and you won’t believe who the crooks are

For financial scammers, that means 10,000 potential new victims every 24 hours. While anyone, anywhere, at anytime can be a victim of a financial scam—and below are some of the most common ones—seniors are particularly at risk. “Older Americans are more vulnerable for many reasons,” says Joe Snyder of the National Adult Protective Services Association (NAPSA), a Washington, D.C.-based nonprofit that works with the financial industry, seniors groups and others to reduce rip-offs.

Why Junior Miners Will Be The Biggest Winners In The Coming Gold Boom

Based on a series of recent events that includes the announcement of a formidable new CEO and a near-term production target of 50,000+ ounces of gold per year in one of the world's hottest precious metal venues, African Gold Group (TSX.V: AGG; OTC:AGGFF) could be on a few radars. And that's just the starting point: the company is evaluating the potential for an increase in estimated annual production to 100,000 ounces per year. Not only is AGG sitting on a potential 2.2-million-ounce mineral resource at its Kobada Gold Project in Mali's prolific gold-producing Birimian Greenstone Belt … but it's also just appointed a new CEO that will turn investor heads: Legendary mining financier Stan Bharti.

The $4 billion time bomb ticking away inside the biggest marijuana companies

The 9,000-square-foot facility was only capable of growing about C$12 million ($9 million) worth of pot in a year, but that didn't seem to matter. Marijuana companies were surging in interest and market cap as Canada planned to legalize recreational pot sales, and companies that established at least one cultivation license were receiving beneficial treatment from Health Canada, which meant snagging the property and its accompanying license could lead to a legitimate growing business in more ways than one. RavenQuest BioMed Inc. (RVVQF)(CA:RQB) eventually “won” the bidding, agreeing to pay nearly C$30 million.

5 Companies Owned By Coca Cola

Many of the Coca-Cola Company's (NYSE: KO) recent brands are the result of merger and acquisition deals, representing a departure from the company's traditional method of developing product lines in-house. --In a bid to expand into the non-carbonated beverage space, the Coca-Cola Company's has made many meaningful acquisitions of other non-soft drink beverage purveyors. --Some of Coca-Cola's marquis acquisition deals involve the purchase of the following companies: Monster Beverages, FUZE Beverages, Vitamin Water, and Minute Maid Brands.

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  Why Coca Cola & Pepsico both are launching aluminum canned waters

  Yahoo Finance
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  Why the 'Share a Coke' Campaign Is So Successful

  Investopedia

Retired people share the secrets of early retirement

The idea of retiring early might sound heavenly, but there's plenty to learn before taking the leap. One person asked Quora, a questions-and-answers forum, “What is something that almost nobody knows about retiring early?” Many answers were from people who retired in their 50s, either because they chose to retire or were forced to leave. Early retirement can be a blessing or a curse.

Ethereum falls below $200 in sea of red

Things have taken a turn for the worse for Ethereum, with the cryptocurrency crashing to its lowest value in over three months amidst a global market sell-off. With the latest drop, close to 80 percent of all ETH holders are out of pocket, according to crypto market analytics firm, IntoTheBlock. Ethereum is today's worst-performing asset in the top five coins, but fared better than both EOS and Bitcoin SV in the top 10.

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  Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 18/08/19

  FX Empire
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  Why Bakkt may be the best news for Bitcoin investors yet

  Decrypt

Kevin O’Leary: This easy math trick helps you crush retirement goals

“Shark Tank” star Kevin O'Leary has some simple advice for anyone who finds investing scary: Just do it. Ten percent might not sound like a lot, but the reason O'Leary is right is the mathematical fact of compounding interest. If you save, say, $5,000 in one year, a typical stock market return in a diversified, low-cost index fund means that a year later you will have $5,365.

Briggs & Stratton stock falls to 44-year low after surprise loss, dividend cut and plant closure

Shares of Briggs & Stratton were rocked Thursday to levels last seen in the 1970s, after the maker of gasoline engines and outdoor power equipment reported a surprise fiscal fourth-quarter loss, lowered its full-year outlook and slashed its quarterly dividend. The company also said it will close its facility in Murray, Ky., which employs about 630 people, by the fall of 2020, as it consolidates production of its walk-behind lawn mower engines into its Poplar Bluff, Mo. facility. The company said it will offer the affected employees opportunities to relocate to the company's other plants, which are located in Alabama, Georgia, Missouri and New York.

Cisco’s stock had its worst single-day drop in almost six years

Cisco Systems Inc.'s weak revenue forecast for the current quarter weighed heavily on the networking giant's shares Thursday -- they plunged the most in one day in nearly six years -- and some analysts see further pain in store. Instinet analyst Jeffrey Kvaal thinks there could be “another shoe to drop” in the current fiscal year, which just began a few weeks back. While Cisco's (CSCO) management team “appeared unruffled by enterprise demand,” in Kvaal's view, he has numerous concerns about the spending environment.

Baidu Reports Earnings With Stock Holding a Value Level

Baidu shares closed last week at $96.70, down 39% year to date and in bear market territory at 58.8% below the 52-week high of $234.88 set on Sept. 21, 2018. On May 16, Baidu missed earnings estimates for the first time since it became a publicly traded company in 2005. Baidu is losing market share to NetEase, Inc. (NTES) in the gaming space.

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  Baidu Stock Has a Lot to Prove This Week

  Motley Fool
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  Baidu, Inc. (NASDAQ:BIDU): A Fundamentally Attractive Investment

  Simply Wall St.

Hedge Fund Legend Jim Simons Pours Money Into Aurora Cannabis (ACB) and Aphria (APHA) Stocks

In the last two quarters, billionaire, hedge fund manager, and mathematical genius Jim Simons has moved decisively into the cannabis sector, taking large positions in both Aurora Cannabis (ACB) and Aphria (APHA). Simons, known for his work in higher mathematics and military cryptography, founded the Renaissance Technologies hedge fund in 1982. The firm was a pioneer in quantitative trading, the application of higher mathematics to the financial markets, and has developed a reputation as one of the best returning hedge funds in the business.

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  Better Buy: Aurora Cannabis vs. Cronos Group

  Motley Fool
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  Have These Tumbling Cannabis Stocks Hit Bottom Yet?

  Motley Fool

Negative Mortgages Set Another Milestone in a No-Rate World

Nordea Bank Abp, meanwhile, is offering 30-year mortgages at annual interest of just 0.5%. Years of easing by central banks hacked away at interest rates around the world, distorting the traditional economics of lending and borrowing. This is most pronounced in Europe, where a composite home-loan rate across the euro area fell to 1.65% in June, the lowest since records began in 2000.

Door-to-door thieves are using DNA tests to scam you

She did hand over a Medicare card, which fortunately was a new card that did not have her Social Security number on it. Even so, her card still has important information that can be used by thieves. New tax tool: This offers a new way to estimate next year's tax refund Wrong Social Security estimates: What you need to know Hot new scam involves 'genetic testing' kits This summer, both the Federal Trade Commission and the U.S. Department of Health and Human Services issued fraud alerts about crooks targeting Medicare beneficiaries.

China could unload US Treasuries — but here's why they (probably) won't

Long term government bond yields have been transmitting a potentially recessionary signal that's shaken investor confidence and reverberated across worldwide markets. As investors fret over the weakening global economy, plunging bond yields may dissuade Beijing from potentially exercising what some fear could be a weapon in its trade dispute with the U.S.: Selling Treasuries (TNX). The historic lows in long-term interest rates, and the resulting inversion of the yield curve, suggests that China would be fighting what's currently the market's most powerful trend.

Powell Likely to Use Jackson Hole to Suggest Fed Ready to Cut

Fed watchers expect Powell to do nothing on Friday to disabuse investors of the widespread perception that the central bank will reduce interest rates next month. But whether he'll open the door to a half-percentage-point cut, which some traders are looking for, is unclear. It's certainly a possibility,'' that the Fed will lower rates by a half point in September, said Bruce Kasman, chief economist at JPMorgan Chase & Co. “But I don't see it.

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  Jackson Hole, retail earnings — What to know in the week ahead

  Yahoo Finance
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  Asian Stocks Climb, Treasury Yields Edge Higher: Markets Wrap

  Bloomberg

Here’s what smart rich people really do with their nest egg

Most people think they're above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.