Month: June 2017

During the 2004–2006 period of Fed rate increases, for example, REITs posted cumulative total returns of 77.9 percent, compared with 32.5 percent for stocks and 8.6 percent for bonds. REITs own a broad array of property-ownership ventures, including apartments, hospitals, warehouses and commercial property such as hotels, shopping malls and office buildings. The game for
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In simple terms, an IRA trust prevents an heir from receiving money outright from the IRA upon the account owner’s death. Without a trust, heirs can treat an inherited IRA as a piggy bank to whatever degree they want, as long as they take required minimum distributions as mandated by the Internal Revenue Service. Unfortunately,
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Charitable giving in the U.S. topped $390 billion in 2016, up nearly 3 percent from 2015, despite uncertainty around the election, according to a new report. The Giving USA Annual Report on Philanthropy, published by the Giving USA Foundation, said individuals, estates, foundations and corporations gave $390.05 billion to charities in 2016, up from $379.89
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Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc. Cloudera, a developer of software for managing and analyzing vast amounts of data, posted better-than-expected financial results in the company’s first earnings report since its IPO. That wasn’t good enough for Wall Street. Cloudera shares plunged 15 percent after hours
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Truck and engine maker Navistar posted a quarterly loss, compared with a year-ago profit, partly due to lower sales of its trucks in the United States and Canada and a $60 million charge related to used-truck inventories. Navistar’s shares were down about 9.5 percent in premarket trading on Tuesday. Revenue in the company’s truck business,
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Tetra Images | Getty Images ETFs are traded on exchanges, so they can be bought and sold like stocks through a brokerage. For example, ETFs with “low volatility” or “minimum volatility” in their names can turn out to behave quite differently for investors in precisely the environment that they are most looking for risk mitigation.
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But these days, she said, ”We see that people are carrying mortgage debt at older ages, and it’s both the percentage of families carrying the debt and the amount of debt that has increased.” About 42 percent of households headed by someone age 65 to 74 has home-secured debt, according to the Federal Reserve’s 2013
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Millionaire confidence plunged by a record amount in May, sparked by fears of government dysfunction in Washington. The Spectrem Millionaire Investor Confidence Index, a measure of millionaire confidence in the economy and markets, fell 17 points from April. That’s the biggest month-to-month drop ever recorded by Spectrem Group, a Chicago-based wealth-research firm that created the
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Qilai Shen | Bloomberg | Getty Images Travis Kalanick, chief executive officer of Uber Technologies Inc. “The narrowing of our losses in the first quarter puts us on a good trajectory towards profitability,” Uber said in a statement to CNBC. But Gautam Gupta, the start-up’s head of finance, is leaving to join another San Francisco-based
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