Kenneth Fisher, founder, chairman and chief executive officer of Fisher Investments, speaks during a television interview in New York, May 10, 2010. Jonathan Fickies | Bloomberg | Getty Images The Chicago police pension fund is ending its $67 million relationship with Fisher Investments. The Policemen’s Annuity and Benefit Fund of Chicago joins a number of
Personal finance
Billionaire hedge fund manager Ray Dalio wants the average investor to learn from the errors of others. In fact, the “biggest mistake” he sees investors make is thinking that markets that went up recently are “better bargains rather than expensive bargains.” “Don’t make the mistake of buying those things that have gone up thinking they’re
The Fearless Girl statue is seen in the foreground as a banner announcing the IPO of Uber Technologies hangs outside the New York Stock Exchange, May 10, 2019. Andrew Kelly | Reuters You don’t have to tell Willis Williams that the initial public offering calendar has been busy this year. Williams, 44, a New York
Carrie Schwab-Pomerantz is the president of Charles Schwab Foundation and a certified financial planner. Courtesy of Carrie Schwab-Pomerantz Carrie Schwab-Pomerantz has a simple message for parents and schools: Teach your kids about money. The certified financial planner — who also is board chair and president of the Charles Schwab Foundation — is on a mission
If you’re hoping to snag the best-available terms on a loan, a standard rule of thumb about credit card usage could end up messing with your plans. The common advice is to keep revolving debt below 30% of your available credit so your utilization rate doesn’t hurt your credit score. Yet experts say your FICO
It’s no secret most people overindulge during the holidays. Aside from feasting on holiday treats, nearly two-thirds of adults said they have felt pressure to overspend this time of year, according to a recent survey by Bankrate.com. With that comes a heavy toll. Roughly two-thirds of Americans also said that holiday expenses negatively affect their
We’ve got emotions and we’ve got reasoning. Guess which we use to make financial decisions? Mostly it’s our emotional brain, says Brad Klontz, author of “Mind Over Money” and co-founder of the Financial Psychology Institute. gilaxia | E+ | Getty Images A financial therapist, Klontz understands what motivates people to make personal money choices. He
A customer shops for a pistol at Freddie Bear Sports sporting goods store on December 17, 2012 in Tinley Park, Illinois. Scott Olson | Getty Images News | Getty Images Even if you haven’t actively been seeking gun stocks, you could still be an investor in them. Many companies have ties to weapons, either directly
David Heinemeier Hansson, a well-known software engineer, recently slammed the Apple Card on Twitter as sexist. His complaint: He was given a credit limit 20 times larger than his wife, even though she has the better credit score. In response, the New York Department of Financial Services announced it will investigate the Apple Card algorithm
When Andy Roddick was at the height of his tennis career, he knew he had to be smart about his money. So he started building his wealth instead of spending it — and is now a successful real estate investor. His advice to others: Start investing at an early age. “The most powerful thing you
As the stock market heads for all-time highs, some retirement savers are reaping the benefits. The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 200,000 as of Sept. 30, according to a new report by Fidelity, the nation’s largest provider of 401(k) plans. The financial services
Higher income may be great, yet it doesn’t necessarily mean it makes managing money easier. States with higher incomes may not be the ones where residents have the best credit scores, a new report from CreditCards.com shows. While some of that could be due to younger populations with short credit histories, other key criteria —
Getty Images Health savings accounts offer a triad of tax benefits, and the savviest investors can stretch their dollars even further if they’re willing to do a little legwork. This fall, you just might encounter a health savings account, or HSA, as you select your 2020 medical benefits at work. These tax-favored accounts, which you
President Ronald Reagan signs the Social Security Act Amendment with Vice President George Bush (far r), Senator Bob Dole (2nd from l), and Congressmen Tip O’Neill (4th from r) and Daniel Moynihan (5th from r) on hand as witnesses. (Photo by © CORBIS/Corbis via Getty Images) Historical | Corbis Historical | Getty Images The year
Most people who start saving for retirement expect things to go well. However, a number of wrong turns can make it hard for your nest egg to grow. Recent research at Boston College found that a 25-year-old with a median income who contributed regularly to his or her 401(k) account starting in 1981 — when
Thanksgiving may still be a few weeks away, but for millions of Americans, the holiday shopping rush has already begun. While it’s exciting to pick out and present gifts to your loved ones, it can also be a budget-straining experience, or even one that lands the spender dealing with debt well into the new year
Shaun Wilkinson | iStock | Getty Images Plus For recent college graduates, the approach of December brings a dose of harsh reality. Federal student loans, which make up the bulk of student debt, generally have a six-month grace period after graduation to give borrowers time to get on their feet before they have to start
As tuition costs soar, more students and their families are asking themselves if college is still worth it. Some experts say the value of a bachelor’s degree is fading. Starting salaries for new college graduates have grown less than 1% over the past two years, remaining at around $50,000. Worse yet: A decade after leaving
If you’re on Medicare, the cost of your coverage for doctor’s appointments and other outpatient services is about to rise. The standard monthly premium for Medicare Part B will be $144.60 for 2020, up $9.10 from $135.50 in 2019, the Centers for Medicare & Medicaid Services announced Friday. The annual deductible for Part B will
Holiday shoppers at the Time Warner Center in New York. Scott Mlyn | CNBC You’ve likely heard the pitch, “Would you like to apply for a store card?” as you’re making purchases. Many times, you should just say no to that offer, new research shows. That’s because many stores will try to lure customers with