Confidence in future economic prospects continued slipping into early July, the University of Michigan reported Friday. U.S. consumer sentiment fell to 93.1 in a preliminary survey. Economists expected consumer sentiment to hit 95 in July, according to Thomson Reuters consensus estimates. “Overall, the recent data follow the same pattern repeatedly recorded around past cyclical peaks:
0 Comments
The Securities and Exchange Commission takes a fine-toothed comb through any suspicious activity, but rarely do allegations include a suspect searching online how to avoid the agency. Massachusetts Institute of Technology research scientist Fei Yan was arrested Wednesday on federal charges of insider trading. Prosecutors say Yan searched “how sec detect unusual trade” before he
0 Comments
Every client is different, and therefore every conversation is different, but there are also a number of similarities. A couple of meetings I had last week demonstrate how similar our conversations can be at times. In two separate meetings with two separate longtime clients, I had the same piece of advice: “Go spend some money”
0 Comments
Louis Vuitton just announced a range of “Tamour Horizon” smartwatches that run on Google’s Android Wear software. It’s the most recent luxury brand to launch a smartwatch running Google’s software. Others, such as Tag Heuer and Montblanc also sell high-end smartwatches. Each Louis Vuitton watch features a watchface with the company’s branding, as well as
0 Comments
While a Roth individual retirement account can certainly help increase the size of your nest egg, it’s always important to weigh the pros and cons before you invest, says Rianka Dorsainvil, a millennial certified financial planner and owner of Your Greatest Contribution. Dorsainvil says it’s important for everyone to understand all the benefits offered when
0 Comments
The rich really are different from you and me — at least when it comes to travel. For ordinary travelers, the Presidential Suite might sound like the ultimate luxury. For the traveler with the 25,000-square-foot home or office, though, it’s not much of a wow. “It’s going to look like a closet,” says travel adviser
0 Comments
So is it possible the retirement crisis is oversold? “It’s not merely possible, it’s probable,” said Andrew Biggs, a scholar with the American Enterprise Institute in Washington and former deputy commissioner for policy at the Social Security Administration. For one thing, he notes that while many contend low-earning Americans aren’t saving enough for retirement, poverty
0 Comments
Designed by French luxury yacht designers and available only on its Airbus A380-800 aircraft, Singapore Airlines‘ suites are individual cabins with sliding doors, window blinds and a bed that’s separate from the 35-inch-wide leather armchair. Amenity kits are by Ferragamo and meals are served on specially-designed Wedgewood bone china. Through a “book the cook” option,
0 Comments
Financial advisors can deploy a variety of strategies to decrease the toll that taxes can take on retiree clients’ portfolios. The following are three areas of focus. Income: Sources and timing of income can affect tax liability. Retirees with large taxable investment accounts should utilize qualified dividends, long-term capital gains and tax-free municipal bond income,
0 Comments
Socially responsible investing is attracting more dollars than ever. In fact, following the recent developments around the Paris Climate Agreement, many investors are likely asking themselves how they can use their money to make a positive impact. The total U.S.-domiciled assets under management using sustainable, responsible and impact strategies grew to $8.72 trillion, up from
0 Comments
If a new study is an accurate indication of what the investment management industry will look like in a decade, investors are poised to benefit. Released by the CFA Institute, “Future State of the Investment Profession” shows that the trends influencing how money managers and financial advisors run their businesses are pushing them toward a
0 Comments
China’s Shenzhen exchange falling 1.3 percent overnight highlights how easily the country’s regulators can affect trading in the country’s stocks. It’s an issue for international investors, since MSCI, one of the world’s biggest indexing firms, just agreed to begin including mainland China stocks in its global indexes, which are used in some of the biggest
0 Comments