Fri, 28 Oct 2016 16:10:00 -0400Amazon’s shares slumped 5% in after-hours trading yesterday as the US online giant announced its third quarter (Q3) results. Despite posting a 29% sales revenue increase to $32.7 billion (bn), earnings per share (EPS) were weaker than expected at 52 cents - 26 cents below anticipated by analysts. But could [...]
Fri, 28 Oct 2016 15:16:00 -0400Credit Card Scammers Flock to Online Shopping Just like legitimate shoppers, criminals are buying more goods and services online with credit cards. The rate of online card fraud is rising sharply as a growing number of purchases take place on the internet while brick-and-mortar merchants race to lock down vulnerabilities in [...]
Fri, 28 Oct 2016 15:11:00 -0400Today’s column examines divorced spousal and widow's benefits, spousal benefits based on a disability benefit, expert software, and how single individuals are treated by Social Security.
Fri, 28 Oct 2016 13:30:00 -0400(Patrick T. Fallon/Bloomberg) As one of Wall Street’s richest and most powerful titans, Stephen Schwarzman, chairman and CEO of Blackstone (and #45on FORBES 400) seems a pretty unlikely voice for the economically dispossessed. But in front of a room full of journalists last night, he said he understood why many in [...]
Fri, 28 Oct 2016 13:30:00 -0400
Will there be a Donald Trump stock market crash? How should you deal with Hillary Clinton tax hikes? A dozen money experts offer tips on how to safeguard your finances and make sure your portfolio outperforms, whatever the November results.
The 87-year-old Bogle calls it the “most chaotic election within my memory” and says that as a Republican he questions whether Trump has the “character and background” to be President. Despite the uncertainty, he adds, continue to save for retirement, but do review your asset allocation. A good starting point, he notes, is 65% stocks and 35% bonds, with a heavier allocation to stocks if you’re younger, and to bonds if you’re older. Be prepared for lower returns going forward, no matter who wins, and “stay out of the exotic stuff.”
"Trump is going to win, so that's all that needs to be considered. When he propels to a clear lead in the polls, the establishment media will let loose a barrage of economic fearmongering, which could cause a global growth scare and a related risk-asset selloff. This would be a buying opportunity in stocks and other risk assets because Trump will implement a debt-based stimulus."
"Trump will do OK, Hillary will do OK; we’ll survive either, but we’ve got to do something totally different in terms of making the tax structure more efficient and making U.S. corporations more competitive. 2017 could be a very good year for stocks, particularly if there’s tax reform."
If Trump Wins: "His loose-cannon reputation could be negative for stocks, at least initially, because equity investors hate uncertainty. Nevertheless, Treasury bonds and the dollar, the prime safe havens, would rally as foreigners piled in."
Election-Proof Play: "Hold cash until the smoke clears, but expect massive fiscal stimulus later."
There are too many variables to predict the election results, Ariely says. Yet the morning after, many folks will feel like the outcome was obvious and they should have bet on it. Toavoid such morning-after regrets, he suggests, write down your predictions and how certain you are of them before the election. "We’re really good at pattern matching — mostly after the fact,” he observes.
Fri, 28 Oct 2016 11:07:00 -0400Are you really ready to retire? Three trick questions to help you make sure
Fri, 28 Oct 2016 09:58:00 -0400While Thursday’s earnings were in the clouds, as in “cloud computing,” today’s focus is beneath the ground, with oil majors starting to report in earnest. Meanwhile, a rally to five-month highs in Treasury yields threatens to steal some thunder from earnings season as odds of a December Fed rate hike keep [...]
Fri, 28 Oct 2016 07:30:00 -0400We know you mean to be funny. But when you make this joke, you're dissing your whole family.
Fri, 28 Oct 2016 07:29:00 -0400Prepaid debit cards have been a problem in recent years. Here's how you can protect yourself.
Fri, 28 Oct 2016 07:29:00 -0400
Thu, 27 Oct 2016 17:14:00 -0400Apptrade, a US start-up based in California, has revealed to potential investors attending the CoinAgenda bitcoin and cryptocurrency conference in Las Vegas that is creating and cooking up what the fledgling fintech describes as the ‘Stockmarket of Apps’, complete with “regulatory tools and compliance” mechanisms. Presenting to this year’s CoinAgenda event [...]
Thu, 27 Oct 2016 17:03:00 -0400Fracking has produced a surge in oil and gas production that has helped push the price of oil down more than 65% since it peaked at $147 in 2008. In the near-term, OPEC struggles to cut production in order to get oil prices back above $50. But Bruce Pile says that in the longer-term, the natural evolution of fracking will push oil prices back to $100. Bruce has been looking for companies that are well-positioned to benefit from a strong resurgence in oil prices. We discussed Tallgrass in a previous article. Today, we take a look at T. Boone Pickens' Clean Energy Fuels Corp.
Thu, 27 Oct 2016 17:03:00 -0400
Pickens married Toni Brinker on Valentine's Day at the chapel on his Mesa Vista Ranch in the Texas panhandle.
Pickens and Brinker have known each other for a decade. He was friends with her late husband Norm Brinker, founder of the Chili's chain.
Pickens spends about 500 hours a year on his Gulfstream G550. Murdock often tags along.
The 68,000-acre Mesa Vista Ranch is located northeast of Amarillo, Tex.
The "Lakehouse" pictured in this and the previous slide, is on a portion of the ranch that Pickens says he will soon put up for sale.
A winter day on the ranch.
Pickens owns the rights to the water under his ranch, and personally designed the string of lakes that use just a small portion of his pumping allocation.
It took hundreds of truckloads of stone to fashion the marvelous structures on Mesa Vista Ranch.
Ready for their close up. As Pickens says, "If you can get your dog to like your girlfriend, you'll keep your girlfriend."
Pickens is constantly checking in with his Dallas headquarters, here from the console in the library of his ranch house.
Pickens bought the house he grew up in -- complete with his handprints in the sidewalk concrete -- and had them transported to his ranch from 300 miles away.
In the kitchen of his childhood home. The house has been restored to pristine condition.
An only child, Pickens had his own bedroom. He his money from his paper route under the closet floorboards.
Pickens grandma told him as a boy that coffee would stunt his growth. He's never had a cup.
Looking out at the mesa formations that inspired the ranch's name. There's no place he'd rather be.
Pickens spends more hours on his Gulfstream G550 than many people spend in their car.
"I'd rather surround myself with sharp young minds than play golf and gin rummy all day."
Thu, 27 Oct 2016 16:26:00 -0400Prove your worth as if you're not expecting a raise and it may pay off sooner than you think.
Thu, 27 Oct 2016 14:57:00 -0400Women are leaving $500,000 on the table over their lifetimes because they don’t negotiate. This is because women tend to devalue themselves and their accomplishments. The fact that many women don’t toot their own horns, and don’t negotiate their entry-level salaries, can cost them half a million dollars over a lifetime
Thu, 27 Oct 2016 14:01:00 -0400Feel like you need to do something with your investments before the election but aren't sure what to do?
Thu, 27 Oct 2016 14:00:00 -0400Image Courtesy of Student Loan Hero Today’s college students are overwhelmingly choosing their majors based on passion – 88 percent, in fact, according to a recent Student Loan Hero study. On the other hand, the portion of college students who consider earning potential when deciding on a college and a major is [...]
Thu, 27 Oct 2016 13:35:00 -0400Save up to $54,000 in your 401(k) in 2017.
Thu, 27 Oct 2016 13:13:00 -0400According to a new report by Glassdoor, some companies are offering five weeks of paid vacation, guilt-free policies for asking for days off and in some cases, months of unpaid sabbatical.
Thu, 27 Oct 2016 12:14:00 -0400Yesterday, Tesla reported a profit for the third quarter. Wall Street did not expect this and the stock started the day up over 2%. In June, Gorden Lam told us that “The Catalyst For Tesla Is Production.” I checked in with him to see what he thought of Tesla’s report.
Thu, 27 Oct 2016 12:14:00 -0400
Elon Musk at the Los Angeles design studio of Tesla Motors. He's standing with the Model X "falcon wing" SUV wearing a jacket and shirt byErmenegildo Zegna. Jeans, belt and shoes by John Varvatos. Art director: Joseph DeAcetis.
Elon sits in his all-electric Tesla Roadster in the driveway of his Bel Air home. Wardrobe by Brioni. Art director: Joseph DeAcetis.
Elon's home in Bel Air, a 20,000 square foot place complete with pool, tennis court and wine cellar. On a clear day you can see the ocean from his terrace.
Elon with his sons, in their bedroom. The boys include 7-year-old twins Griffin and Xavier, and 5-year-old triplets Damian, Saxon and Kai.
Elon stands on the terrace of his home - he had just come from a short run in the hills nearby. Suit and shirt by Tom Ford. Art director: Joseph DeAcetis.
At the launch of the Model X SUV near Los Angeles. Nearly 2,000 people filled the studio to watch Musk debut the "falcon wing" SUV.
LOS ANGELES, CA - FEBRUARY 09: Actor Chris Evans arrives at Tesla Worldwide Debut of Model X. (Photo by Jason Merritt/Getty Images for Tesla)
LOS ANGELES, CA - FEBRUARY 09: Actress Garcelle Beauvais and Elon Musk attend Tesla Worldwide Debut of Model X. (Photo by Jordan Strauss/Getty Images for Tesla)
LOS ANGELES, CA - FEBRUARY 09: Actress Malin Akerman arrives at Tesla Worldwide Debut of Model X on February 9, 2012 in Los Angeles, California. (Photo by Jason Merritt/Getty Images for Tesla)
LOS ANGELES, CA - FEBRUARY 09: Musician Mark Foster of Foster the People performs onstage during Tesla Worldwide Debut of Model X on February 9, 2012 in Los Angeles, California. (Photo by Jason Merritt/Getty Images for Tesla)
Thu, 27 Oct 2016 11:58:00 -0400Laurence Kotlikoff explains whether the extra Social Security benefits you'd get from going back to work makes up for the extra taxes you'll pay
Thu, 27 Oct 2016 11:44:00 -0400Need help cutting the financial cord? An expert weighs in.
Thu, 27 Oct 2016 10:39:00 -0400A new Hearts & Wallets survey finds Americans are facing difficulties with retirement planning, estate planning and choosing investments
Thu, 27 Oct 2016 09:07:00 -0400We list some of the best credit card deals, bonuses, and promotions available today. One signup deal is worth $1,500.
Thu, 27 Oct 2016 09:07:00 -0400
Cash back rewards are one of the biggest perks of credit cards today. They're an easy way to earn free money (or miles) for things that you were buying anyway.
You can go beyond the default earnings, though, and make your cash back rewards programs really work for you. And you can do it without even spending extra money!
Many credit cards, banks, and credit unions offer online shopping portals. These are a great resource for finding deals and extra savings on things you would be buying anyway.
If your institution doesn't offer their own online portal (or you can't find what you're looking for), try looking at sites such as Ebates or Mr. Rebates. These free portals offer cash back rewards on almost anything -- pay with your rewards credit card, and you'll earn cash back from BOTH!
Most credit cards give cash back based on specific categories. Allocate your spending accordingly, and you will maximize your earned rewards.
One card may give you 6% back on grocery purchases (like the American Express Blue Cash Preferred card) while another gives you 3% back on dining (like the AARP Credit Card from Chase). Keep a list in your wallet, or tape a little note to the back of each card, and you'll be capitalizing on cash back without spending a penny more.
A popular way to pay for medical expenses is through Flexible Spending Accounts (FSAs). If you have an FSA, you probably have a debit card linked to that account -- but earning cash back is one reason you shouldn't use that card.
While it may be a bit more time consuming, you would be better off paying for your qualifying expenses with a cash back credit card, then filing for reimbursement. That way, you can still take advantage of the pre-tax dollar benefits of the FSA and also earn cash back in the process.
Most grocery stores today have large gift card displays, offering a number of other companies and merchants to choose from (including prepaid Visa and American Express cards). This can benefit your cash back balance in a number of ways.
Thu, 27 Oct 2016 09:05:00 -0400Watchdog TIGTA says IRS is ignoring tax dodgers, foregoing billions in revenue.
Thu, 27 Oct 2016 09:00:00 -0400Don't think of your side hustle as just a hobby. Parlay that experience into a whole new career direction, as these people did.
Thu, 27 Oct 2016 09:00:00 -0400Genworth Financial, the largest seller of long-term care (LTC) insurance policies, has agreed to be acquired by a privately-held Chinese investment firm. At the same time, it announced it will reserve an additional $400 million to $450 million(pre-tax) against future long-term care claims. Thomas McInerney, president and chief executive officer of [...]
Thu, 27 Oct 2016 08:00:00 -0400Investing isn’t simply picking the best funds or building your perfect portfolio. Keeping your portfolio in line over the long term is just as important (if not more so). Markets move. That’s what they do. If they didn’t, they wouldn’t reflect our ever-changing world. As a result, your portfolio will drift over [...]