Fidelity clients saving for retirement are starting to move some money out of stocks in the recently volatile market, the brokerage’s personal investing president told CNBC on Friday. “The average investor that doesn’t trade a lot that’s really looking to save for their retirement — we have millions of customers like that — we’ve seen
Hero Images | Hero Images | Getty Images Certified financial planner Ken Waltzer has an older female client who suffers from congestive heart failure. Given the high cost of her prescriptions, Waltzer recently became concerned by how much money she and her husband were spending. “I suggested that maybe I should talk to her doctor
Getty Do you know if your retirement portfolio is overexposed to growth stocks? Over the last decade, growth stocks have performed significantly better than value stocks. Over the past year, however, it appears the pendulum has swung to favor value stocks and recent data suggests the trend is accelerating. For the quarter just ending September
Share to facebook Share to twitter Share to linkedin Got Crypto? With the ups and downs of Bitcoin and other cryptocurrencies, it can be dizzying to invest, even if you aren’t thinking about taxes. When you add taxes into the mix, it is much more so. Since 2014, the IRS said it would tax it
facade of home with manicured lawn, landscaping, and backdrop of trees and dark blue sky. Glowing interior lights create a welcoming mood. Getty Just to be clear, this is not about buying a house for $10,000, this is about buying a house with $10,000. For starters, you will need to have $10,000, which you will use for your down
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 with Vermont Sen. Bernie Sanders (far left) in Detroit. Michael Wayland | CNBC DETROIT – General Motors is urging the United Auto Workers to agree to “around-the-clock” bargaining in an attempt to reach a tentative agreement and potentially
A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, U.S., September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Roku shares climbed more than 4% after news broke Thursday
President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters A slimmed-down trade deal, stalled talks and a “fluid” situation are just some of the conflicting reports that have surfaced this week as the
Matt Bird | Corbis | Getty Images Where is the future of financial advice headed? The answers always seem fraught with risk and uncertainty. While the bull market in stocks has gone a long way to helping the advice industry recover from the reputational fallout of the financial crisis, technology, demographics and regulatory confusion continue
Gifts have to be reported on Gift tax returns which are complicated! Getty If you are like many wealthy taxpayers, your CPA and/or tax attorney have just finished a grueling, down-to-the-deadline, tax filing for gift tax returns. Many of these gift tax returns were triggered out of prudent efforts by taxpayers planning to reduce their
Share to facebook Share to twitter Share to linkedin A judge revealed that Deutsche Bank is not in possession of Trump’s tax returns. (AP Photo/Richard Drew) ASSOCIATED PRESS Topline: Deutsche Bank said it doesn’t have President Donald Trump’s tax returns in a court filing released Thursday in what is a blow to House Democrats’ efforts
Rendering of new Andrew Rafacz Gallery at 1749 W. Chicago Avenue in Chicago’s West Town neighborhood. Courtesy of Andrew Rafacz Gallery CHICAGO, Ill. – After 15 years in Chicago’s West Loop neighborhood, internationally acclaimed Andrew Rafacz Gallery is relocating to a new 2,000-square-foot storefront space at 1749 W. Chicago Avenue, an historic building constructed in 1916
A interview with value investor and author, Joel Greenblatt. In this interview, Joel discusses how he uses value investing in the modern markets and his take of tech or FANNG stocks. Joel also talks about growth investing vs value investing, making reference to the housing market.???? Books by Joel Greenblatt and his favourite books are
US Representative Raja Krishnamoorthi, Democrat of Illinois, looks as Acting Director of National Intelligence Joseph Maguire arrives to testify before a hearing of the House Permanent Select Committee on Intelligence on September 26, 2019, in Washington, DC. Andrew Caballero-Reynolds | AFP | Getty Images A House panel is requesting a slew of documents from Reynolds
Dow Jones Industrial Average rises 150 points The Dow climbed 150.66 points, or 0.57% to close at 26,496.67. The S&P 500 gained 0.64% to end at 2,938.13. The Nasdaq Composite advanced 0.60% to 7,950.78. Equities got a boost after a tweet from President Donald Trump increased optimism on the U.S.-China trade front. Trump to meet
David Rea, president of No. 1-rated financial advisor firm Salem Investment Counselors, attributes his start in the business to excellent professors at Indiana University while he was pursuing an MBA. Salem Investment Counselors Everyone loves a good origin story, whether it’s fictional, like Superman’s, or real life — think Warren Buffett or Steve Jobs —
CNBC’s Jim Cramer is warning against trading stocks on the roller coaster of U.S.-China headlines as the two countries restarted high-level talks aimed at ending their 15-month-old trade war on Thursday. Markets are “hostage to events that are not only totally out of our hands, but I think totally out of the president’s hands,” Cramer
Sam Edwards | OJO Images | Getty Images It’s evident that the financial advice business has evolved over the years. The industry continues to mature, and financial advisors are always finding ways to address and meet the demands of today’s investors. In fact, given the increased complexity of everyone’s financial lives, investors are eager to
Finding the right advisor to help with your financial needs and goals can be complicated. There are so many factors to assess. Many advisors will use a high asset under management as a selling point metric when marketing themselves to potential investors. However, AUM isn’t the whole story when a potential client is determining which
Billionaire Warren Buffett, speaks during a news conference of International Metalworking Companies (IMC) in Dalian, Shangdon province, China, on Wednesday, Oct. 24, 2007. Buffett said investors should be “cautious” about China’s stocks as prices surge. Photographer:Kevin Lee/Bloomberg News BLOOMBERG NEWS Editor’s Note: The original version of this article was published in the October 2019 issue