Your Money
Articles to keep you informed about trends and help you manage your money
You Need $2.4 Million to Be Considered Wealthy in America
published May 15, 2018, 6:00:12 AM, by Suzanne Woolley (Bloomberg) — Many Americans cite leading a stress-free life and having “peace of mind” as their personal definition of wealth. That doesn’t sound too money-centric on the face of it—until you consider that money, or specifically the lack of it, is
Tech Is in Vogue Again, And Here Are Some ETF Flows to Prove It
published May 14, 2018 12:11:59 PM, by Sarah Ponczek and Carolina Wilson (Bloomberg) — Investors are once again warming up to the year’s hottest sector — technology. Even after regulatory and demand concerns cast a shadow over the industry, the S&P 500 Information Technology Index remains the best performer of
Targeting a Better Way to Save for Retirement: Justin Fox
published May 3, 2018, 2:00:15 PM, by Justin Fox (Bloomberg Opinion) — Let’s run through some fun retirement-savings jargon: DB, for defined benefit, means a traditional pension plan. The monthly payout is defined from the start and guaranteed by the plan sponsor. DC, for defined contribution, is an individual retirement
Every Illinoisan Owes $11,000 for Pensions With No Fix in Sight
published May 8, 2018, 7:57:37 AM, by Elizabeth Campbell (Bloomberg) — Three years ago today, the Illinois Supreme Court struck down the state’s attempt to cut its employees’ pension benefits to chip away at a retirement-system debt that’s swelled to almost $11,000 for every man, woman and child. Since then,
Here Are the Stocks to Watch After Two Koreas Agree to End War
published Apr 29, 2018, 3:30:00 PM, by Divya Balji and Heejin Kim (Bloomberg) — If you’re trying to figure out how it’s all going to play out on the South Korean stock market on Monday after Kim Jong Un’s historic call for peace, don’t worry, we’ve got the list for
How to Avoid a Retirement Savings Disaster: Barry Ritholtz
published Apr 23, 2018, 11:00:18 AM, by Barry Ritholtz (Bloomberg View) — The $140 billion drop in the value of General Electric Co.’s stock price during the past year gets the full human interest treatment in the Wall Street Journal. I don’t want to minimize the deep individual suffering of
Is It the Spending or the Taxes? It’s a Bit of Both: Justin Fox
published Apr 13, 2018, 7:00:27 AM, by Justin Fox (Bloomberg View) — The U.S. appears to face a future of large, chronic federal budget deficits. Is that because taxes are too low or because spending is too high? In one sense, the question can only be answered with a value
Rise of ‘Gray’ Divorce Is Forcing a Financial Reckoning After 50
published Apr 13, 2018, 4:00:11 AM, by Suzanne Woolley (Bloomberg) — For some, it means liberation. For others, loss. For women in particular, the doubling of the divorce rate for the 50-plus crowd since the 1990s can mean something far more prosaic: a need to shoulder the big financial decisions
Technology Stocks May Be Achilles’ Heel of Emerging-Market Rally
published Apr 11, 2018 6:01:00 PM, by Srinivasan Sivabalan (Bloomberg) — A selloff that seems to grip information-technology stocks every six weeks may prove to be the undoing of the two-year rally in emerging markets. A 10 percent slump from November to December, a 12 percent slide from January to
Wall Street Lending Could Rise by Billions in U.S. Proposal
published Apr 11, 2018 6:54:55 PM, by Jesse Hamilton (Bloomberg) — U.S. regulators are poised to ease leverage limits for Wall Street banks, potentially freeing up tens of billions of dollars for lending and other business activities in the latest move to relax post-crisis financial rules that the Trump administration