• TheStreet.com

    Retirement Planning: Why You Should Have an Investment Policy Statement

    Don't panic if you have a plan and don't panic if you don't have a plan. Retirement Daily has some advice.

  • Mark Cuban explains how to make a 16% guaranteed return
    MarketWatch

    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
    MarketWatch

    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.

  • Judge finds Craig Wright’s testimony “not credible”
    Decrypt

    Judge finds Craig Wright’s testimony “not credible”

    The lawsuit was first filed over a year ago by the estate of Dave Kleiman, a computer scientist who allegedly “helped” Wright invent Bitcoin. The lawsuit claims that shortly after Kleiman died in early 2013, Wright set out to defraud his former partner of 1.1 million bitcoin that the duo jointly owned as partners in a Bitcoin mining company called W&K Info Defense Research LLC. A key part of Wright's defense in the lawsuit has been to question Kleiman's ownership stake in W&K by attempting to demonstrate additional partners, as well as a supposed agreement between Wright and Kleiman in which Kleiman relinquished his stake.

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

    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.

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

    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.

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

    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.

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

    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.

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

    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.

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

    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.

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

    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.

  • USA TODAY

    Recession watch: 6 financial moves to make when the economy slows down

    INCREASE YOUR EMERGENCY FUND If the economy does take a dip, it's a good idea to make sure you've socked away as much as you can for a rainy day. "I think the greatest fear when the economy slows down or goes into a recession is that income will be impacted, either hours cut back or worst case, (your) being laid off," says Kenneth Perine, a certified financial planner with Meritage Wealth Advisory in Livermore, California. "It's times like these that having an emergency fund in place really pays off.

  • Barrons.com

    Wall Street Has Abandoned Oil and Gas Stocks. You Shouldn’t.

    Given long-term demand uncertainties facing the industry, energy companies of all sizes should be paying out dividends that are at least as good as the nearly 2% yield on the S&P 500, he says. Still, it is hard to find big fans of energy stocks, even among investors focused on the sector. That's understandable, given that energy is by far the worst-performing group in the S&P 500 over the past decade, with an annualized return of 4.4%, against 14% for the index.

  • How is cost basis calculated on an inherited asset?
    Investopedia

    How is cost basis calculated on an inherited asset?

    When used to calculate capital gains on assets you own, cost basis represents the original value of an asset for tax purposes, with a few adjustments. With assets you inherit, the cost basis is usually equal to the fair market value of the property or asset at the time of the decedent's death or when the actual transfer of assets was made. Fair market value is the price that a property or asset would command in the marketplace, given that there are buyers and sellers knowledgeable about the asset and that a reasonable period of time is made available for the transaction to take place.

  • Negative Mortgages Set Another Milestone in a No-Rate World
    Bloomberg

    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.

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

    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.

  • Door-to-door thieves are using DNA tests to scam you
    USA TODAY

    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.

  • Baidu Reports Earnings With Stock Holding a Value Level
    Investopedia

    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.

  • Reuters

    UPDATE 2-Court leaves PG&E with sole right to submit bankruptcy plan

    A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents. Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco turned down requests from two groups of creditors wanting to propose a Chapter 11 exit plan for PG&E, which is facing huge liabilities from California wildfires. PG&E, a holding company whose main subsidiary is the California utility Pacific Gas and Electric Company, sought Chapter 11 bankruptcy protection earlier this year after severe wildfires in 2017 and 2018 resulted in more than $30 billion in liabilities.

  • Wall Street’s latest billion-dollar pot company had a half-ton of bad weed returned as it was going public
    MarketWatch

    Wall Street’s latest billion-dollar pot company had a half-ton of bad weed returned as it was going public

    The newest cannabis company on Wall Street, Sundial Growers Inc., sold a half ton of pot that was returned by corporate buyer Zenabis Global Inc. because it contained visible mold, parts of rubber gloves and other non-cannabis material, according to people familiar with the matter. The attempted sale would be the equivalent of 10% of Sundial's (SNDL) total second-quarter cannabis sales of five metric tons. In its own June-quarter report the same morning, Canadian cannabis company Zenabis Global (CA:ZENA) disclosed that it had returned a half ton of pot and terminated its agreement to buy weed from a “third party” that it did not name.

  • San Francisco doesn't care about the stock market
    Yahoo Finance

    San Francisco doesn't care about the stock market

    It's not to say that people in San Francisco don't care about stocks or the economy. A banker who works closely with many tech companies told me, “They don't know about the stock market. With options making up a considerable chunk of a tech employee's compensation, it's no surprise employees so closely track a company stock price, but it can be a distraction.

  • Barrons.com

    The No. 1 Job in America with the ‘Best Career Opportunities’ Pays $112,000 a Year — and It’s Not in Tech

    As unemployment hovers a 49-year low, there are more professions to choose from that will give people the one thing that gets them out of bed in the morning: a meaningful job with the possibility of advancement. Access to career momentum opportunities in the workplace is one of the strongest predictors of employee satisfaction based on millions of reviews left on Glassdoor, in addition to culture and values and quality senior leadership, according to a study released Wednesday by the company. The report used the following criteria: a median base salary over the past year of $80,000 a year or higher, well above the June 2019 U.S. median annual pay of $53,411, and at least 2,000 job openings as of July 5 on Glassdoor.

  • The new math of saving for retirement may boil down to this one, absurdly simple rule
    MarketWatch

    The new math of saving for retirement may boil down to this one, absurdly simple rule

    There's research that can help — from institutions that don't have a conflict of interest because they don't invest or give advice. My favorite is the Employee Benefits Research Institute in Washington, D.C. EBRI, as it's called, gathered anonymous information on tens of millions of people and how they actually save. It won't tell people what to do, but from its research there's a pretty useful rule of thumb for young people: Count on your fingers and … Save 10% — now Between you and your employer, set aside at least 10% of your paycheck.

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

    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.

  • Why gold’s ‘strong undercurrent’ has some analysts eyeing $2,000 an ounce
    MarketWatch

    Why gold’s ‘strong undercurrent’ has some analysts eyeing $2,000 an ounce

    “There has been a strong undercurrent of demand for gold,” said Brien Lundin, editor of Gold Newsletter. December gold futures (GCZ19) rose $3.40, or 0.2%, to settle at $1,531.20 an ounce on Thursday to tally the highest most-active contract settlement since April 2013, according to FactSet data. The record settlement high for futures prices was at roughly $1,891.90 on Aug. 22, 2011, though prices did touch intraday highs near $1,918 around that time.