Prasit Photo | Moment | Getty Images Your investment ego may be costing you big bucks. “Overconfidence bias” is the behavioral principle of overestimating one’s own abilities, including financial acumen. And while confidence isn’t a bad thing, it can have damaging results — if you don’t have the chops to back it up. “It should
Month: January 2023
The path to retirement can be long. The early years are often focused on meeting expenses and beginning to set aside as much retirement savings as possible. Then the middle years bring an increased focus on minimizing expenses and growing retirement and nonretirement assets. As one gets closer to retirement, that focus often changes once
Share to Facebook Share to Twitter Share to Linkedin New Speaker of the House Kevin McCarthy has proposed a vote on a proposal called the Fair Tax, which would abolish the current federal income tax and replace it with a 30% national sales tax. Payroll taxes, which finance Social Security and Medicare, would also get
Standing at the crossroads of epic transformations–from politics and science to war and finance–Herrevad Castle is a rare example of a medieval power center once coveted by popes and kings. With remarkable influence spanning two Scandinavian countries, the 28-room castle and a manor house with six large apartments and attic rooms, was recently brought to
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT For the past three years, the global media and entertainment industry has been defined by the streaming wars. Each media company created a streaming service to compete. Only the strongest would survive, the narrative went. The losers would consolidate or die. Last year, the streaming
In this article USDC.CM= ETHE GBTC GEL Follow your favorite stocksCREATE FREE ACCOUNT Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX
Generally speaking, the higher your credit score, the better off you are when it comes to getting a loan. FICO scores, the most popular scoring model, range from 300 to 850. A “good” score generally is above 670, a “very good” score is over 740 and anything above 800 is considered “exceptional.” Once you reach that 800
Here at AgingParents.com, we hear just about every age-related problem you can think of. Families bring up issues about cognitive decline most often. We’re in the advice business for families of elders. When I first learned of a minority group using its common ground with ethnically related elders as a particularly slimy way to steal
After enduring criticism from trading partners for decades and five years of joint technical work with the OECD, Brazil has finally taken its first formal step toward harmonizing its heterodox transfer pricing regime with multilateral standards — a move widely cited as a prerequisite for OECD accession. But the December 2022 release of Provisional Measure
Floral pattern devotees will rejoice today with the launch of a collaboration between Pottery Barn Kids, Pottery Barn Teen, and LoveShackFancy, which is a brand that’s surely on its way to iconic status—best known for its gorgeous floral print fashion and home items. The collection features over fifty products from both brands. With a whimsical
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix co-founder and CEO, Reed Hastings, is in Sydney to meet with executives of other subscription streaming services, February 25, 2022. Wolter Peeters | Fairfax Media | Getty Images Netflix founder Reed Hastings is giving up his CEO role but will remain on as chairman,
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Netflix added millions more subscribers in the fourth quarter than Wall Street expected, helping to send shares of the streamer up after the bell despite a big earnings miss. The company also disclosed that co-CEO Reed Hastings would
Lael Brainard, vice chair of the US Federal Reserve, during a University of Chicago Booth School of Business event in Chicago, Illinois, US, on Thursday, Jan. 19, 2023. Jim Vondruska | Bloomberg | Getty Images Federal Reserve Governor Lael Brainard said Thursday that interest rates need to remain high, even though there are signs inflation
Fotostorm | E+ | Getty Images There’s still a ways to go before used car prices come back down to earth. While prices were 8.8% lower in December from a year earlier, consumers continue to pay more for used cars than they would if typical depreciation expectations were in play, according to car-shopping app CoPilot,
A classic mistake made when considering annuities is to focus too much on current interest rates and the direction they seem likely to move. Annuities are income vehicles, so it’s natural to consider interest rates and the outlook for future rates. But too often the relationship between some annuities and interest rates is misunderstood, and
The IRS has given storm victims in parts of Georgia and Alabama until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). This means that individuals and households that reside or have
Over 80% of home buyers don’t regret purchasing their homes in the last two years, despite a tough market and making significant compromises, according to a new survey by LendingTree, an online lending marketplace. “The high satisfaction rate amid the hot market makes sense,” says LendingTree senior economist Jacob Channel. “Given the market climate, prospective
In this article HTZ Follow your favorite stocksCREATE FREE ACCOUNT Tesla Model 3 electric vehicles at a Hertz airport location. Photo by E.R. Davidson Hertz is teaming up with the city of Denver — and soon, it hopes, with other cities — to build out its charging infrastructure to support the ongoing transition to electric
In this article PG Follow your favorite stocksCREATE FREE ACCOUNT Gillette Good News razors on display on January 28, 2005 in San Francisco. Justin Sullivan | Getty Images Procter & Gamble reported year-over-year declines in revenue and profit on Thursday, as higher prices struggled to offset declining sales volumes. Shares of P&G fell about 3%
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT JPMorgan Chase CEO Jamie Dimon believes interest rates could go higher than what the Federal Reserve currently projects as inflation remains stubbornly elevated. “I actually think rates are probably going to go higher than 5% … because I think there’s a lot of underlying inflation, which won’t go
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