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☆ 47% of Americans say achieving retirement security will take a miracle. Why inflation is to blame
▼ + stars: | 2023-09-13 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

DusanManic | iStock | Getty ImagesAlmost half of Americans, 47%, say achieving retirement security will take a miracle, according to a new survey from Natixis Investment Managers. The results come as research from the firm shows the U.S. has improved its overall score for retirement security compared to last year, with 71% versus 69% in 2022. The five top countries for retirement security include Norway at No.1, followed by Switzerland, Iceland, Ireland and Luxembourg. Most survey respondents, 84%, say recent economic activity shows inflation is a big threat to their retirement security. Moreover, 58% of retirement savers and retirees say their biggest worry is outliving their money, Cerulli Associates recently found.

Persons: Dave Goodsell, Goodsell, it's, Cerulli, Mary Johnson, Johnson Organizations: iStock, Natixis Investment, Natixis Center, Investor Insight, Northwestern Mutual, Social Security, Senior Citizens League, Getty Locations: U.S, Norway, Switzerland, Iceland, Ireland, Luxembourg

July 6 (Reuters) - Global tech investor Insight Partners has raised $118 million in its second 20/20 Vision Capital fund that aims to invest in venture capital funds led by diverse managers, the firm told Reuters. This new fund expands a strategy Insights first started in 2020, after its own employees pledged $15 million of their personal capital to diverse early-stage fund managers. The environment is especially challenging for first-time fund managers. Funds including Ansa Capital Management, Hannah Grey Ventures, and Wischoff Ventures have already received backing from the Vision Capital II. Richard Wells, Managing Director at Insight Partners, said it's too early to measure fund I returns, as seed investment is a long-term game.

Persons: Dionne Chingkoe, Hannah Grey, Richard Wells, it's, Wells, Krystal Hu, Chizu Organizations: Global, Partners, Vision Capital, Reuters, Vision, Insight Partners, Investment Management Board, Pennsylvania Public School, New, The, Ansa Capital Management, Hannah Grey Ventures, Wischoff Ventures, ”, Thomson Locations: Massachusetts, New York, The U.S

☆ 35% of millionaires say retirement is 'going to take a miracle,' report finds
▼ + stars: | 2023-02-06 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

It suggests that retirees can safely withdraw 4% of their investments (adjusted for inflation) each year in retirement. Given current market expectations, the 4% rule "may no longer be feasible," researchers at Morningstar wrote in a recent paper. "Maybe you have that $1 million but you've taken a 20% hit on it," Goodsell said. "Or meet with a financial advisor who can hopefully put you at ease or provide you with a plan to get you feeling better." "You can remove the guesswork," said Boneparth, who is also a member of the CNBC Financial Advisors Council.

☆ 35% of millionaires say it's 'going to take a miracle' to be ready for retirement, report finds
▼ + stars: | 2022-12-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

A cool $1 million is not what it used to be. There are more millionaires in the U.S. and globally than ever before, with nearly 24.5 million millionaires nationwide as of 2022, according to the latest Global Wealth Report from the Credit Suisse Research Institute. Even so, having seven figures in the bank offers less security than it used to in the face of inflation and extreme market swings. These days, fewer Americans, including millionaires, feel confident about their financial standing. In fact, 35% of millionaires said their ability to be financially secure in retirement is "going to take a miracle," the survey of more than 8,500 individual investors found.

☆ The curious case of falling gold prices
▼ + stars: | 2022-09-23 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com time to read: +7 min

But gold prices haven't surged. "Investors don't have much appetite to hold gold in the current environment," Warren Patterson, head of commodities strategy at ING, told me. Breaking it down: Gold prices skyrocketed in early March as fears about the consequences of Russia's invasion of Ukraine mounted. A stronger currency makes it more expensive for foreign investors to buy in, and can reduce demand, pushing down prices. In the meantime, Costco plans to leverage its size to stay competitive on prices and keep growing sales.

☆ Premarket stocks: The curious case of falling gold prices
▼ + stars: | 2022-09-23 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

But gold prices haven’t surged. “Investors don’t have much appetite to hold gold in the current environment,” Warren Patterson, head of commodities strategy at ING, told me. Breaking it down: Gold prices skyrocketed in early March as fears about the consequences of Russia’s invasion of Ukraine mounted. A stronger currency makes it more expensive for foreign investors to buy in, and can reduce demand, pushing down prices. In the meantime, Costco plans to leverage its size to stay competitive on prices and keep growing sales.

☆ Premarket trading: It's getting late in the game. Will the Fed risk a Hail Mary?
▼ + stars: | 2022-09-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Markets plummeted as the report stoked fears that the central bank and Chair Jerome Powell would decide to hike rates more aggressively, inflicting serious economic pain. Investors are putting the odds of a three-quarter percentage point hike next week at 75%, according to CME FedWatch data. The odds for a full point hike are hovering around 25% in the wake of the inflation report, up from 0% one week ago. It meant that people understood the seriousness of the Fed’s commitment to getting inflation rates back down to 2%, he said. “I wouldn’t discount a 100 basis point rate hike,” Marvin Loh, senior strategist at State Street, told me.

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