A recent article in Financial Planning noted that investors can generate 20 to 50 basis points each year in return by properly allocating assets among their taxable and tax deferred accounts. Many investors make the mistake of owning assets not subject to taxes in their tax deferred portfolios. Within tax-deferred accounts, the best fit are investments that generate income subject to the ordinary tax rate, which can be as high as 39.6%. Fran Kinniry, a principal with Vanguard's Investment Strategy Group, argues that tax-deferred accounts are "extremely valuable shelf space," and should be … [Read more...]
VIDEO: Williams: Keeping `Open Mind’ Into Next Fed Meeting
Aug. 23 (Bloomberg) -- Federal Reserve Bank of San Francisco President John Williams talks about the U.S. economy and the outlook for central bank monetary policy. He speaks with Michael McKee in Jackson Hole, Wyoming, on Bloomberg Television's "Market Makers." (Source: Bloomberg) … [Read more...]
VIDEO: Fed’s Lockhart: Won’t Rule Out September Tapering
Aug. 23 (Bloomberg) -- Federal Reserve Bank of Atlanta President Dennis Lockhart talks about the prospect of the central bank starting tapering its bond-buying program as soon as next month. He speaks with Michael McKee from Jackson Hole, Wyoming, on Bloomberg Television's "In the Loop." (Source: Bloomberg) … [Read more...]
VIDEO: Fed’s Lockhart, Bullard differ over Sept taper
CNBC's Steve Liesman talks to St. Louis Fed President James Bullard about the economic data, whether he feels there's been an improvement in the labor market, and if improved data means the taper could start sooner. … [Read more...]
Aviators, Regulators and Speculators
After seven months of negotiating with the FTC, US Airways and AMR Corp (parent of American Airlines) have been told that the government will sue to block their merger. Remember now, American Airlines is in bankruptcy—right now. Now the merger will head to court, but it’s too late to undo the damage some shareholders have endured. Take a look at the drop in price for AMR shares over the last two days. That’s what can happen to speculators who jump into shares of dodgy companies. Shares are down 53% in two days. … [Read more...]
Bezos vs. Buffet: Billionaires’ Different Take on Media
With the sale of The Washington Post, Warren Buffet has unloaded a large stake in a drowning media company. Taking it off his hands is another billionaire, Jeff Bezos. Buffet’s Berkshire Hathaway has been the largest holder of Post Co. shares since the 1970s and will receive $53.5 million of the $250 million buyout price for its stake. One might assume losing Warren Buffet, who runs one of America’s most profitable companies, as a major shareholder would be a burden on The Washington Post, but that’s simply not the case. With Bezos coming onboard, WaPo is getting a manager who is an expert … [Read more...]
Record Gold Demand in China Drives Prices Higher
It turns out that among China’s 1.3 billion people, there are enough gold bugs to move the market. The newly affluent Chinese are driving a demand increase for the yellow metal. According to the South China Morning Post, China will overtake India this year as the world’s largest gold bullion consumer. The SCMP quotes Zhang Yongtao, vice-chairman of the China Gold Association, as saying, "We saw some frenzied buying following gold's rout in April and our preliminary estimate confirms that consumption reached about 137 tonnes, more than double a typical month. Chinese demand for gold will remain … [Read more...]
IMF Prescription: Borrow it Forward
The IMF recently released an “annual check-up of the U.S. economy.” The prescription offered by the international organization was similar to its only prescription ever for economies, kick the can down the road. The IMF’s Deniz Igan calls the strategy, “Protect the fragile recovery,” but what that means is obvious. The IMF solution is to keep tax rates low (which we generally agree with if spending is controlled), and to keep spending as much money as possible. Oh, the IMF calls for deficit reduction, but only somewhere down the line when the economy can handle the shock “the bulk of … [Read more...]
VIDEO: Marc Faber: Look out! A 1987-style crash is coming
CNBC: For Marc Faber, 2013 looks a lot like 1987. That's why he's bracing for a 20 percent drop in the market. … [Read more...]
New Hampshire’s Unknown Billionaire: Keep it Simple Stupid
Turns out not all the money in the world is made by sexy tech companies. Keep it simple stupid. Aug. 5 (Bloomberg) -- Bloomberg's Matthew G. Miller reports on the wealth of Billionaire C&S Wholesale Grocers Chairman Richard B. Cohen. (Source: Bloomberg) … [Read more...]
- « Previous Page
- 1
- …
- 82
- 83
- 84
- 85
- 86
- …
- 116
- Next Page »