Your Money
Articles to keep you informed about trends and help you manage your money
Are Young Americans Ashamed of Their Debt?
published Feb 7th 2017, 10:00 am, by Suzanne Woolley (Bloomberg) — Financial services companies go into overdrive around Valentine’s Day, along with florists, chocolate makers, and jewelers. Usually, it’s surveys about love and money, with advice on avoiding financial conflict with a partner. Student loan company SoFi has thrown its
Invest Smarter by Breaking Your Filter Bubble: Barry Ritholtz
published Feb 2nd 2017, 10:51 am, by Barry Ritholtz (Bloomberg View) — Consumers of media: You are doing it all wrong.Since the election, your personal filter bubble has been a big topic of conversation. Media sources consumed by both the coastal elite and fly-over-country Americans were each shown to suffer
Why Single Women Are Buying Homes at Twice the Rate of Single Men
published Jan 31st 2017, 4:00 am, by Mary Pilon (Bloomberg) —By 2007, Michelle Jackson, a 30-something writer in Denver, held a master’s degree, had traveled the world, and was enjoying her social life as a single woman. She also felt the pull to purchase her own home, a rite of
The War for Your Tax Return Heats Up
published Jan 25th 2017, 4:50 pm, by Ben Steverman (Bloomberg) —Every January, it starts again. TurboTax battles H&R Block for dominance in tax preparation, while smaller players fight over the rest of the market. Despite the fierce competition, your return should end up looking more or less the same, no matter
The Divorce Penalty: This 401(k) Fee Can Add Insult to Injury
published Jan 23rd 2017, 5:00 am, by Suzanne Woolley (Bloomberg) —A profit center. A silent fee. One more kick in the pants. Those are a few of the ways divorce lawyers describe the fee that many 401(k) plan participants have to pay when they need to divide a retirement account in a
Trump’s Tweets Don’t Turn Out to Be Useful Stock Tips: Gadfly
published Jan 24th 2017, 11:44 am, by Nir Kaissar (Bloomberg Gadfly) —President Trump has embraced Twitter as his bully pulpit, a 140-character instantaneous broadcast of his pronouncements and denouncements, including about companies that he thinks deserve his praise or ire. Some big banks and hedge funds are apparently using computer
Love Trump? Hate Him? That’s No Way to Invest.: Barry Ritholtz
published Jan 20th 2017, 10:10 am, by Barry Ritholtz (Bloomberg View) — Today is the day that Donald J. Trump will be inaugurated as the 45th U.S. president. From weeks before the election right up until today, talking heads have been telling us how momentous this will be for the
How Not to Hate Doing Your Taxes
published Jan 17th 2017, 9:03 am, by Suzanne Woolley (Bloomberg) —Imagine that, every year at the same time, somebody wrote you a check for $3,000. Would that be such a horrible thing? Would you dread the months leading up to that? Now imagine it’s the U.S. government. About 70 percent of
Student-Loan Startup Raises Money from Prosper’s Suber, Others
published Jan 18th 2017, 2:28 pm, by Dakin Campbell (Bloomberg) — Credible, which offers an online exchange for student and personal loans, raised $10 million from investors including Ron Suber, the president of Prosper Marketplace Inc., and Regal Funds Management to expand its business of matching borrowers with lenders. The
Get Ready to Pay $500 More in Taxes
published Jan 9th 2017, 3:00 am, by Ben Steverman (Bloomberg) — It’s tax time again, and President-elect Donald Trump and his fellow Republicans in Congress have promised to slash them—especially for corporations and the rich. For millions of Americans, however, a tax increase will be the first thing they see.