Month: May 2017

With Amazon’s stock price brushing $1,000, Jeff Bezos is within striking distance of becoming the world’s richest man. As of Friday’s close, Bezos was worth $85.1 billion, according to the Bloomberg Billionaire’s Index. Bill Gates is at $88.8 billion. So assuming that Microsoft’s share price remains constant or falls, Bezos needed another $3.8 billion to
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Let’s start with competence. Many types of professionals call themselves a “wealth advisor.” Attorneys, certified public accountants, insurance salespeople and professionals registered to sell securities (stocks, bonds, options, etc.), to name a few. There is no “wealth advisor” designation. Some professionals who refer to themselves as wealth advisors have obtained qualifications, such as Certified Financial
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There are two categories of asset classes: Traditional asset classes include stocks, bonds, and cash. Alternative asset classes include mutual funds, commodities, real estate, private equity, hedge funds. The third step is asset allocation, in which the financial planner develops a strategy of how much money to invest in each asset class for you to
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Because there are income limits to open a Roth IRA, most people earning high salaries don’t believe a Roth IRA is an option. Under the law, a single person with an annual adjusted gross income of $133,000 or more and a married couple making more than $196,000 cannot directly fund a Roth IRA. However, since
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Nutanix shares jumped 12 percent in extended trading on Thursday after the developer of cloud storage and networking software reported third-quarter revenue that topped analysts’ estimates. Nutanix, which went public last year, generated sales growth of 67 percent, with new business coming from companies including Caterpillar, Volkswagen and Sprint. Corporations are flocking to Nutanix’s hybrid
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Jordan Siemens | Getty Images One financial advisor offered to arrange, and join, a client’s bucket list trip to the Grand Canyon. In some professions, such an offer to a client might seem bizarre. But as the investment advisory industry is becoming more client-centric than sales-oriented, financial advisors increasingly are working with clients in nontraditional
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Lowe’s first-quarter earnings and sales fell short of Wall Street estimates, sending shares of the home improvement retailer tumbling in premarket trade. In the wake of a strong first quarter for rival Home Depot, which recently reported better-than-expected same-store sales fueled by strong sales of big-ticket items, expectations for Lowe’s were high. But the results
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The latest piece in our ongoing series Globalisation Under Pressure, first published by The Conversation France, looks at wine consumption around the world and how it moves from the local to the global. Recent figures in the annual report of the International Organisation of Wine and Vine (OIV) confirm that the world wine industry is
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This article is the third in our series, Globalisation Under Pressure, on what the changing nature of work means for families and society. We now live in a world where – thanks to information and communication technologies – we are able to produce and distribute goods, services and capital around the globe virtually nonstop. To
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Home Depot just showed Wall Street how it can buck the latest negative trends in retail, with both profit and same-store sales handily outpacing Wall Street estimates. The retailer also raised its fiscal 2017 profit outlook. Shares of the stock traded were up 1.5 percent following the report. Here’s what the company reported vs. what
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This second article in our series Globalisation Under Pressure follows tha path of Angolese women shopping in Brazil for their market stalls back home. Angola, a Portuguese-speaking country, is strongly influenced by the cultural output of Brazil, the world’s Lusophone powerhouse. Brazil is often represented as a land of hope in Angola. Angolans can’t get
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The three major auction houses are set to auction off more than $1 billion worth of fine art this week, marking a test of whether collectors can shrug off turmoil in Washington and sagging stock markets. Sotheby’s, Christie’s and Phillips have an estimated $1.3 billion worth of works on the block this week. That would
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The first article in our series Globalisation Under Pressure looks at work from the 1930s that anticipated the backlash against globalisation. Economists Eli Heckscher (1879-1952) and Bertil Ohlin (1899-1979) died more than three decades ago. But it’s fair to assume that neither would have been surprised by the underlying causes of Donald Trump’s election as
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