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After a tough year for the stock and bond markets in 2022, some advisors are turning to alternative investments, according to a new survey from the Financial Planning Association. Nearly 30% of advisors are actively investing in or seeking alternative investments, or "alternatives," for clients, the findings show. These assets typically fall outside traditional investments in publicly traded stocks, bonds and cash. Some investors are drawn to alternatives for diversification, lowering portfolio risk and boosting returns, said certified financial planner Ashton Lawrence, director at Mariner Wealth Advisors in Greenville, South Carolina. It's not zeroHow jobless workers use side gigs to make ends meetIndeed, "diversification" and "risk mitigation" were top objectives among advisors who recommend alternatives, according to the FPA survey.
Persons: Ashton Lawrence, Lawrence Organizations: Financial, Association, Mariner Wealth Advisors, Finance Locations: Greenville , South Carolina
Newly Published, From Susan Sontag to the Black Working Class
  + stars: | 2023-06-23 | by ( ) www.nytimes.com   time to read: +1 min
AMERICAN WHITELASH: A Changing Nation and the Cost of Progress, by Wesley Lowery. (Yale, $35.) A historian explains how California “welcomed, honed and legalized” human bondage for 250 years, from the legalized enslavement of Native Americans to forced labor in today’s prisons. RIVERMOUTH: A Chronicle of Language, Faith, and Migration, by Alejandra Oliva. Reflecting on her family’s fluid relationship to the southern U.S. border and her experience working with asylum seekers, Oliva meditates on the seemingly insurmountable barriers migrants face today.
Persons: Wesley Lowery, Barack Obama, Lowery, Jean Pfaelzer, California “, Itamar Vieira Junior, Johnny Lorenz, Alejandra Oliva, Oliva meditates Organizations: Yale, Astra House Locations: CALIFORNIA, California, Brazil, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOn-shoring in the US is driving industrial valuations, says Mariner Wealth's Jeff KrumpelmanJeff Krumpelman, chief investment strategist at Mariner Wealth Advisors, joins 'The Exchange' to discuss the state of earnings and the economy, consumer discretionary names to buy, and underappreciated names in the industrial sectors.
Persons: Jeff Krumpelman Jeff Krumpelman Organizations: Mariner Wealth Advisors
Couple talking to financial advisor at home Fg Trade | E+ | Getty ImagesConsider when to increase bond durationWhile it's difficult to predict future interest rate cuts, Kyle Newell, a certified financial planner and owner of Newell Wealth Management in Orlando, Florida, said he has started shifting bond allocations. When building a bond portfolio, advisors consider so-called duration, which measures a bond's sensitivity to interest rate changes. watch nowAs interest rates rose in 2022, many advisors opted for shorter-duration bonds to protect portfolios from interest rate risk. But allocations may shift, depending on future Fed policy. Look for 'areas of opportunity'As policy shifts, advisors are also looking for ways to optimize allocations amid continued economic uncertainty.
Persons: Kyle Newell, Newell, Ashton Lawrence Organizations: Newell Wealth Management, Mariner Wealth Advisors Locations: Orlando , Florida, Greenville , South Carolina
The annual contribution limit for health savings accounts, or HSAs, will soon get a sizable boost due to inflation, the IRS announced this week. For 2024, the yearly limit for self-only HSA plans is rising to $4,150 from $3,850 in 2023, and the cap for family plans is jumping to $8,300 from $7,750. The catch-up contribution for savers age 55 and older remains at $1,000 each, bumping the total deposit limit for older savers to $10,300. It's a "significant increase" when compared to historic HSA inflation adjustments, according to Ashton Lawrence, a certified financial planner and director at Mariner Wealth Advisors in Greenville, South Carolina.
Extraterrestrial life could exist, but mysterious objects in the sky aren't evidence of aliens. Scientists have thought they were close to discovering alien life a few times — none of it via UFOs. As the US discovered a flurry of UFOs — officially called "unidentified anomalous phenomena," or UAPs — in early February, Google searches for "extraterrestrial life" and "are aliens real" spiked. There have been incidents in the past where some researchers thought they'd come close to discovering signs of alien life — or even extraterrestrial intelligence — but none were UFOs. They dubbed the first interstellar object 'Oumuamua, which is a Hawaiian term meaning "a messenger from afar arriving first."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2023's market will likely be the inverse of 2022, says Mariner Wealth's Jeff KrumpelmanJeff Krumpelman, chief investment strategist and head of equities with Mariner Wealth Advisors, joins 'The Exchange' to discuss the "no landing" argument, the impact of improving productivity on inflation and elevated valuation levels.
Demand for macro portfolio managers remains white hot after a bounceback year in 2022. Millennium recently hired John Curtice from rival ExodusPoint, while Ben Melkman has been in talks to join another, Insider has learned. Millennium Management recently added another star to its stable, lifting a 32-year-old macro PM out of rival ExodusPoint, according to people familiar with the matter. Macro focused funds including BlueCrest, Brevan Howard, and Rokos produced stellar returns as most of the hedge fund industry — especially stock pickers — faltered. But even in late 2022 firms were scrambling to lift out macro PMs, recruiters working in the strategy told Insider.
Walter Mosley Thinks America Is Getting Dumber
  + stars: | 2023-02-06 | by ( David Marchese | ) www.nytimes.com   time to read: +17 min
Mamadi Doumbouya for The New York Times Talk Walter Mosley Thinks America Is Getting DumberWalter Mosley is best known as one of contemporary literature’s pre-eminent crime novelists, but he’s actually four or five different writers rolled into one. You have to tell stories about real people experiencing it and not real people with a Ph.D. People who are not stupid but ignorant, who don’t know things about the world. There are people who don’t know how to spell, they don’t know how to think. You have these people coming out into the world, and they don’t know what to do. That’s going to happen.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Mariner Wealth Advisors' Jeff KrumpelmanJeff Krumpelman, chief investment strategist and head of equities with Mariner Wealth Advisors, joins 'The Exchange' to discuss stronger-than-expected balance sheets, the likelihood of a mild recession with attractive valuations and the Tesla's role in capturing EV market share.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPersonal and corporate balance sheets are strong, says Mariner Wealth Advisors' KrumpelmanJeff Krumpelman, chief investment strategist and head of equities with Mariner Wealth Advisors, joins 'The Exchange' to discuss stronger-than-expected balance sheets, the likelihood of a mild recession with attractive valuations and Tesla's role in capturing EV market share.
In a quiet harbor in California's Redwood City, 30 miles south of San Francisco, there often sits a gleaming 40-meter yacht flying the flag of the Marshall Islands. Along with Butterfly, which often docks in Redwood City, California, Brin maintains a growing flotilla of yachts, jet skis, and skiffs. To maintain the fleet, Brin employs a 50-person team around the globe, led by the master mariner Mike Gregory. InsiderMany of Brin's smaller water-sports toys — as well as Page's — have been supplied by Kai Concepts, a startup that builds high-tech aquatic vehicles, including foilboards and a kite-propelled boat. While he spends much of his time at his collection of tropical islands around the world, he has sold his superyacht Senses and downsized to an assortment of smaller vessels.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Mariner Wealth Advisors' Jeff KrumpelmanJeff Krumpelman, Mariner Wealth Advisors chief market strategist, joins 'The Exchange' to discuss inflation and the bond market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't buy on the dips, says Mariner Wealth Advisors' Jeff KrumpelmanJeff Krumpelman, Mariner Wealth Advisors chief market strategist, joins 'The Exchange' to discuss inflation and the bond market.
Even before their retirement from Google, Page and Brin relied heavily on their respective family offices to bring order to their worlds. The Bay Area headquarters of Koop, Larry Page's family office, is nondescript and gives little indication of the billionaire's empire. Insider; Marianne Ayala/Insider Show less Bayshore Global Management, Sergey Brin's family office, is based in Palo Alto and has a bit more of a public face. Insider; Marianne Ayala/Insider Show lessThe difference in styles holds true for Brin's family office, Bayshore Global Management. The CEO of Page's family office is Wayne Osborne, a former elder in the Presbyterian Church who attended Princeton Theological Seminary.
The mystery of the Viking landing site has long puzzled scientists, who believe an ocean once existed there. Now, new research suggests that the lander touched down where a Martian megatsunami deposited materials 3.4 billion years ago, according to a study published Thursday in the journal Scientific Reports. The interest in the potential for life on the red planet prompted scientists to select its northern equatorial region, Chryse Planitia, as the first Martian landing site for Viking I. “The landing site selection needed to fulfill a critical requirement — the presence of extensive evidence of former surface water. Next, the team wants to investigate Pohl crater as a potential landing site for a future rover, since the location might contain evidence of ancient life.
Vanished in the Pacific
  + stars: | 2022-11-27 | by ( David Wolman | Photographs | Videos Jake Michaels | ) www.nytimes.com   time to read: +30 min
In the early 2010s, Mr. Mellow set out for still more distant shores, traveling to many famous surf breaks in the South Pacific. Mr. Abdul-Rashed and Mr. Danian traveled to Hawaii to connect with Mr. Mellow, their spiritual guide and Pacific expedition leader. Mr. Mellow posted an ad on Facebook and Craigslist offering $10,000 for passage to the South Pacific. Mr. Schmidt was in sync with the young seekers when it came to fear of Big Brother and vaccines, but dreading port officials brandishing nasal swabs struck even Mr. Schmidt as a little unhinged. When asked if he was at all responsible for what had happened to Mr. Danian and Mr. Abdul-Rashed, Mr. Mellow looked genuinely confused.
A merchant mariner captured what it's like to eat every day at sea on a cargo ship. The YouTube video shows a day's worth of food in the officers mess hall on a Maersk ship. Boyle said that the officers' mess hall accommodates about 10 people, while the crew's can house up to 13 at a time. In the video, a ship cook ladles Boyle's eggs onto a griddle and fires up an omelet with a side of bacon. Boyle told Insider the menu options often shift based on the destination and the makeup of the crew.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have a positive view of the equity markets over the next 12 months, says Mariner's KrumpelmanJeff Krumpelman, chief investment strategist at Mariner Wealth Advisors, joins 'The Exchange' to discuss whether it's too early to buy dips, and more.
Editor’s Note: The following contains minor spoilers about “Black Panther: Wakanda Forever.”CNN —In “Black Panther: Wakanda Forever,” the aquatic adversary known as Namor wastes no time establishing himself as one of those beguiling but strange characters that can polarize an audience: the ocean-dwelling deity uses conch shells like smartphones and has feathered wings on his ankles. (CNN, DC Films and Warner Bros, which produced “Aquaman,” are part of the same parent company, Warner Bros. Also known as the Sub-Mariner, Namor first appeared in comics in 1939, while DC’s Aquaman debuted in 1941. “Black Panther: Wakanda Forever,” also had the daunting task of presenting Namor’s origins in a way that swam clear of those seen in “Aquaman,” and of doing it a movie not meant to operate solely as an origin story. But before that happens, and thanks to Mejía’s nuanced performance in “Wakanda Forever,” Namor should be able to avoid many more comparisons to other oceanic demigods, and ride his own wave into the future.
Danai Gurira and Letitia Wright star as Okoye and Shuri in Marvel Studio's "Black Panther: Wakanda Forever." DisneyIt's impossible to replace the irreplaceable, but that was Ryan Coogler's task as the director and co-writer of Disney's latest Marvel Cinematic Universe film, "Black Panther: Wakanda Forever." Here's what some critics thought of "Black Panther: Wakanda Forever" ahead of its Friday debut:Kristy Puchko, MashablePuchko says the film, while action-packed, is at its core about how people handle loss differently. Still from Marvel Studio's "Black Panther: Wakanda Forever." Winston Duke stars as M'Baku in Marvel Studio's "Black Panther: Wakanda Forever."
[1/2] The NASA logo hangs in the Mission Operations Control Center at Wallops Flight Facility on Wallops Island, Virginia, U.S., October 26, 2022. REUTERS/Evelyn Hockstein/File PhotoNov 10 (Reuters) - Divers from a documentary crew looking for the wreckage of a World War Two aircraft off the coast of Florida found a 20-foot section of the space shuttle Challenger, which exploded and broke apart shortly after its launch in 1986, NASA said on Thursday. The find marks the first time in 25 years that a piece of the Challenger has been located. The Challenger erupted into a ball of flame 73 seconds after lifting off from Kennedy Space Center on Jan. 28, 1986. It remains one of the worst disasters in the history of the U.S. space program.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKnow what you own and assemble your buy list, says Mariner's Jeff KrumpelmanJeff Krumpelman, Mariner Wealth Advisors, joins 'The Exchange' to discuss today's stock rally and whether you should sell the rally, buy the dips or just stand pat.
Florida-based cruise ships are extending their trips after Hurricane Ian forced three ports to close. The cruise ships are spending more time at sea visiting extra destinations. Hurricane Ian made landfall on Wednesday as a Category 4 hurricane before weakening to a Category 1 storm. Unable to disembark passengers on schedule, the cruise ships are spending more time at sea and visiting extra destinations. Walt Disney World and Universal have both closed resort parks in the state for at least 2 days as Hurricane Ian passes through.
Factbox: U.S. companies brace for Hurricane Ian
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +5 min
Sept 28 (Reuters) - Hurricane Ian is set to make landfall in Florida on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. NextEra Energy Inc's (NEE.N) Florida Power & Light Co, the largest utility in the state, deployed nearly 16,000 workers from 27 states to restore power. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.
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