DIRS.INFO The most relevant business & tech news

I used this strategy to recover from a devastating divorce, and now it helps me save more than $25,000 a year, which funds my world travel. Budgeting for fixed expenses is a math problem, but you only have to solve it once. Step 3: Set a variable expense budgetThe variable expense budget is the most critical part of staying on track financially. Personal money. Personal money.

Persons: —, it's, doesn't, you'll Organizations: Service, Savings Locations: Savings isn't

I'm the last renter among my friends, so I decided to ask them about all the costs of homeownership. But when I saw the long list of hidden fees and expenses they have to pay for, I was in shock. Here are five of the fees I didn't know homeowners owe that made me realize just how much I want to rent forever. However, your property taxes can keep going up (a soaring housing market or city improvements can make this amount increase). However, the big and frequent costs they paid to keep up the appearances of their homes really did add up.

Persons: —, dishwashers, doesn't, it's Organizations: Service

I worked for a nonprofit that taught financial literacy and learned a lot about money myself. I also learned the difference between good debt and bad debt, and the most effective way to save. A lot of my work was around raising awareness of the need for financial literacy and advocating for lifelong learning. While some schools have mandatory courses in other life skills, like home economics or civics, few have financial literacy in the curriculum. There's good debt and there's bad debt — and they feel very differentYes, it's true: There's good debt and bad debt.

Persons: —, parallelograms, I'm, aren't, they're, I'd, doesn't Organizations: Service, Studies, Technology Locations: North America

Single women face unique challenges when planning for retirement, so I asked an expert for help. Plus, women are often put in a caregiving role, which means time off from work — and not contributing regularly to retirement funds. So how can single women like me juggle with inflation, a higher cost of living, dwindling income, and the gender wage gap to be on track for retirement? I asked Marie Thomasson, a certified financial planner and founder of Modern Assets, an LA-based financial advisory firm for independent, progressive women, for tips on how single women can steer the course and make sure they're on track with their goals for retirement planning. Reassess your retirement accountsOnce you have your financial bases covered, you can venture into investing and retirement planning, says Thomasson.

Persons: Marie Thomasson, —, I've, Thomasson, hadn't, doesn't, aren't, Amanda Holden's, Simran Kaur's, Erin Lowry's, Tonya Rapley's, Tiffany, We're Organizations: Service, Modern Assets, Research, Pew Locations: LA, YOLO

Black students are far less likely to have access to high school personal finance classes. But high schools with a majority of Black students are less likely to have a guaranteed personal finance course in their high schools. The student debt gapBlack borrowers are disproportionately burdened by student loan debt. Student debt can be daunting, but there are scholarships out there for Black students. 4. Credit discriminationRedlining is a well-known form of credit discrimination , but the issue goes beyond mortgages.

Persons: —, Tiffany Aliche, Pell, Biden, There's, Homeownership, doesn't, Aliche Organizations: Service, Finance, The Institute, College, NPR, National Bureau of Economic Research, Housing, Federal Reserve, Civil, Equal, The Association of African American Financial Locations: Brookings, Zillow

☆ Ultimately Tesla needs to improve its margins, says Deepwater Asset's Gene Munster
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUltimately Tesla needs to improve its margins, says Deepwater Asset's Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss Tesla's quarterly earnings results, after the EV maker missed on both revenue and earnings for the first time since 2019, and more.

Persons: Tesla, Asset's Gene Munster Gene Munster Organizations: Asset's, Deepwater Asset Management

She started investing early, and increased her rate of investment after learning about FIRE. And these accounts are separate from Pham's husband — together their estimated net worth is just under $2 million. And when it feels easier to just spend freely, tracking her net worth has helped keep her focused. "That gives us another safety net," Pham says, noting the pension as an added benefit to working in public service. "By then, we should have at least $2 million in net worth.

Persons: Mia Pham, —, Pham, haven't, they've, Roth, maxing, doesn't, it's, they're Organizations: Service, Roth IRA, Toyota Locations: San Diego —, San Diego

So here I am with an investment portfolio of mutual funds that were explained to me, but I still did not really understand them. I had no real financial advisor to call to discuss investment strategy because the bank representative was really just there to sell financial products. Finding a qualified financial advisor doesn't have to be hard. Take the following hypothetical example of how knowing risk tolerance helps alleviate fear and can lead to more sound investment decision making. Mary hires a financial advisor who constructs an investment portfolio for her to invest the inheritance.

Persons: —, doesn't, Mary Organizations: Service

☆ Analysis: Canada may struggle to recoup $26 billion cost of Trans Mountain pipeline
▼ + stars: | 2023-10-12 | by ( Nia Williams | ) www.reuters.com time to read: +5 min

Prime Minister Justin Trudeau's Liberal government bought Trans Mountain in 2018 for C$4.5 billion to rescue the expansion project, which has struggled with years of regulatory delay and massive cost overruns. A Reuters survey of five analysts and investors valued Trans Mountain between C$15 billion and C$25 billion, based on factors including projected earnings and oil shipping tolls. Trans Mountain Corp (TMC) CEO Dawn Farrell told local media last week the sale could wrap up by early 2025, just as Canada heads into a federal election. Trans Mountain offers strategic value as it is the only pipeline taking crude from Canada's oil patch to the Pacific, and on to Asian refining markets. "It's hard to imagine...that a pipeline like Trans Mountain would ever be built again," Poscente said.

Persons: Justin Trudeau's, Ryan Bushell, Dawn Farrell, Michael Dunn, Paul Poscente, Poscente, Pembina, Scott Burrows, Enbridge, Marc Weil, Dave Szybunka, Szybunka, Rod Nickel, Steve Scherer, Denny Thomas, Marguerita Choy Organizations: Ottawa, Justin Trudeau's Liberal, Reuters, Newhaven Asset Management, Trans Mountain Corp, Mountain, Cenovus Energy, Nations, Axxcelus, Chinook, Pembina Pipeline Corp, Indigenous Pipeline, TC Energy, Keystone, TC, Canoe Financial, Thomson Locations: Canada, Alberta, Trans, Newhaven, Pembina, U.S, Gulf, Calgary, Winnipeg, Ottawa

☆ October 26th's third quarter GDP will be above four percent, says Marathon Asset's Richards
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOctober 26th's third quarter GDP will be above four percent, says Marathon Asset's RichardsMarathon Asset Management CEO Bruce Richards joins 'Squawk on the Street' to discuss whether the war in Israel challenges the global macro economy, how investors should prepare for further geopolitical risks, and more.

Persons: Asset's, Bruce Richards Organizations: Asset Management Locations: Israel

However, as a financial professional and homeowner myself, I still see renting as a more conducive and efficient option to invest and build wealth. In this situation, the renter would have a higher return on investment, with $1.8 million compared to the homeowner with just $617,000. Even though the homeowner's payment stops once the mortgage is paid, the return on investment from just the down payment and maintenance expense favors the renter. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Also, the homeowner still pays property taxes, which may increase over time, and still has to contend with annual maintenance.

Persons: it's, —, Joel Ohman, Jeffrey Zhou, doesn't, Get, Steven Gilbert, Gilbert, Says Ohman Organizations: Service, Gilbert Wealth, & $

Funds' net short position in two-year futures is now a record 1.278 million contracts. A short position is essentially a wager an asset's price will fall, and a long position is a bet it will rise. STERLING FLIPIn currencies, meanwhile, funds ramped up their broad, net long dollar position by $5.4 billion in the week to $8.45 billion. At around 114,000 contracts, it is now close to July's 118,000, which was the biggest net short position since February 2018. The CFTC data also showed that funds flipped to a net short sterling position for the first time since April.

Persons: STERLING, Jamie McGeever, Lincoln Organizations: Futures Trading Commission, Bank of, Reuters, Thomson Locations: ORLANDO, Florida, Bank of Japan

☆ Fixed-income returns are growing as inflation decreases, says Western Asset's Rob Amodeo
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFixed-income returns are growing as inflation decreases, says Western Asset's Rob AmodeoRob Amodeo, Western Asset Management head of municipals, joins 'The Exchange' to discuss where to find opportunities in the MUNI market, short-term investment opportunities outside of cash, and more.

Persons: Rob Amodeo Rob Amodeo Organizations: Western Asset Management

☆ Watch CNBC's full interview with Western Asset's John Bellows
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Western Asset's John BellowsJohn Bellows, Western Asset portfolio manager, joins 'Squawk on the Street' to discuss the trajectory for bond yields, whether Western Asset is buying bonds, and more.

Persons: John Bellows John Bellows Organizations: Western, Asset

Lifestyle creep can leave even extremely high earners struggling with debt, saving for retirement, or meeting other financial goals and obligations. HENRY stands for "high earner, not rich yet," a common description of those who have fallen victim to lifestyle creep. If you're expecting a raise, Castro says it's important to look at your budget and goals before it goes into effect. Create habits while you're youngAccording to Drucker, one of the best defenses against lifestyle creep is building strong saving and investing habits young. Go back to the basicsIf you've found yourself with a lifestyle creep problem, both financial planners advise going back to the basics of budgeting and planning.

Persons: Brittney Castro, Gideon Drucker, HENRY, Drucker, you'd, it's, Castro, what's, doesn't, Get, you've Organizations: Drucker Wealth Management

☆ Bitcoin is both a risk asset and safe haven—and still worth owning at these levels, says Wolfe Research
▼ + stars: | 2023-09-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin has long perplexed investors with its ability to act as both a store of value and a high risk asset, but Wolfe Research says it's worth owning either way and to lean into the nuance. "A question we have often asked is whether BTC should be treated more like a risk asset or a storage of value such as Gold. "Bitcoin is highly correlated to small caps, a risk asset. That said however, bitcoin only rallied this spring thanks to the banking scare, which saw investors flee to the 'safety' of the coin," he added. Though bitcoin was initially designed to be digital cash and an alternative financial system, it spent much of 2022 trading like a speculative asset.

Persons: Bitcoin, Wolfe, It's, Rob Ginsberg, bitcoin, Ginsberg, — CNBC's Michael Bloom Organizations: BTC, Silicon Valley Bank, Signature Bank Locations: Silicon, U.S

☆ There's a market index breaking down with an 'ominous precedent,' says a top chart analyst
▼ + stars: | 2023-09-25 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

An equal-weighted version of the S & P 500 has hit thresholds that have historically signaled trouble ahead, according to BTIG. Known as the SPW, the equal-weight S & P 500 measures performance by tracking all the stocks in the broad index at equal exposure. In the cap-weighed version, known in short as the SPX , more exposure is given to stocks with larger market caps. That has only happened five times in the last three decades and sets an "ominous precedent," said Jonathan Krinsky, chief market technician at BTIG. .SPX YTD mountain The cap-weighted S & P 500's ascent in 2023 Krinsky said the S & P 500 should test 4,200 points — which is 2.8% off its Friday close of 4,320.06 — if not lower.

Persons: BTIG, Jonathan Krinsky, Krinsky, — CNBC's Michael Bloom Organizations: CNBC

☆ This Montana college town ranks No. 1 as the most fun city for young people—what it's like to live there
▼ + stars: | 2023-09-21 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +5 min

The metro area around Missoula, Montana, ranked No. Tucked away in western Montana is America's most fun city for young adults. "There are so many big names, it doesn't make sense for how big the area is," Tong says. Don't miss: These are the top 10 states for young workers to find jobs, live affordably and have funMissoula ranks No. Tong says one big misconception of living in Missoula is that college students are everywhere, but she hasn't found that to be the case.

Persons: DeJohn, Jaclyn DeJohn, Sturgell, Tong, Brandon Sturgell, Summer Tong, Bon Iver, Jimmy Eat, Elton John, hasn't, we've Organizations: University of Montana's, MIT, Wilma Theatre downtown, Missoula, CNBC Locations: Missoula, Missoula , Montana, Montana, U.S, Tulsa, Okla, Mont, Portland ,, Denver

☆ The top 10 cities where seniors are the most financially secure
▼ + stars: | 2023-09-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Mesa, Arizona, tops SmartAsset's ranking of the most financially secure cities for seniors. SmartAsset analyzed housing, poverty, income, and government assistance data for those 65 or older in 37 of the nation's largest cities. SmartAsset ranked the cities based on six metrics of financial security, such as home ownership and the senior poverty rate. On the flip side, some of the nation's largest cities ranked at the bottom. Boston came in last, with a senior poverty rate of nearly 20% and under half of seniors owning a home.

Persons: Mesa Organizations: Louisville, Oklahoma City, Seniors, Service, Mesa, SmartAsset, Kansas City, Boston, — Northwestern Locations: Mesa , Arizona, California, New York, Wall, Silicon, Arizona , Kentucky, Oklahoma, Louisville , Kentucky, Louisville, Indianapolis, Albuquerque, Kansas, Midwest, New York City, Los Angeles, Jose, San Francisco

I chose to be a teacher, but despite having chosen a low-paying career field and not working full-time consistently since graduating from college, I'm on track to retire early. This is a path that is open to more people than many realize, particularly if they start investing early and continue to invest consistently throughout their careers. With life generally becoming more expensive, many people who are at retirement age today were not aware of how much they would need to retire comfortably when they started their retirement planning. Seeing this firsthand has motivated me to do what I can to ensure that I'll have the opportunity to retire when I'm ready. Retiring at 55 with $2 million would allow me to withdraw over $5,000 a month until I'm 100.

Persons: I'm, Read, Roth, I've, doesn't, Get, … Organizations: Roth IRA Locations: Maldives

As a financial planner, I have to be honest with you and say passive income is a bit of a myth. This is a realistic, achievable, and accessible way for most people to build passive income. Start a business (or invest in one)You can create passive income if you can build a business that operates without you. This path to passive income is one of the most narrowly available to a small group of people, though. But if your goal is passive income, earning royalties provides an avenue to achieving that for your future self.

Persons: it's, Read, doesn't Organizations: Service Locations: Wall, Silicon

ORLANDO, Florida, Sept 17 (Reuters) - Hedge funds cut their net short dollar position by nearly $5 billion last week, according to the latest U.S. futures markets data, the biggest swing towards a more bullish dollar stance since May last year. Less than two months ago, funds' were net short of dollars to the tune of $21.3 billion, the biggest bet against the greenback since June 2021. Speculators' net short dollar position against just the G10 currencies, which was worth $18 billion as recently as July, has now completely evaporated. A short position is essentially a wager an asset's price will fall, and a long position is a bet it will rise. Funds cut their net long holdings by 23,151 contracts to 113,080 contracts, the smallest net long since November and the biggest week-on-week reduction since June last year.

Persons: hasn't, Jamie McGeever, Christina Fincher, Lincoln Organizations: Futures, Bank of Japan, U.S . Federal, Reuters, Thomson Locations: ORLANDO, Florida, Brazilian, U.S

I didn't want to have to sacrifice to the point of deprivation to live my ideal life. Then I learned about Slow FIRE — living your ideal life now while saving to reach your FIRE number. The idea that if you understood your numbers, you could aggressively invest, save, and reach retirement over a short period of time and begin living your best life when you hit your ideal retirement number. In retrospect, I'm surprised I felt so strongly about the FIRE movement, because nothing about my financial life would indicate that FIRE would ever be right for me. You don't have to be an entrepreneur to design your best life now.

Persons: I'm, weren't, hasn't, Read, It's, COVID, I've, doesn't, Get Organizations: Service, FIRE Locations: Wall, Silicon, Colorado

☆ The Fed may do a policy U-turn and slash interest rates as soon as year-end - because a recession almost here, J.P. Morgan Asset Management's CIO says
▼ + stars: | 2023-09-13 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

The Fed may cut rates as soon as year-end as a recession hits the US economy, according to J.P. Morgan Asset Management's CIO. Such a move would be similar to how the Fed dropped its "transitory" call on inflation and started raising rates, he said. "They're going to tell us that they're going to keep rates higher for longer until inflation is at their target. "I think this time for them to cut rates, they're going to have to see unemployment go up. So it's possible that they may actually tip the economy into recession first before they start cutting rates, which would be something new for them.

Persons: we'll, Bob Michele, Michele, J.P, Morgan Asset's Michele Organizations: Morgan, Fed, Service, Federal Reserve, Morgan Asset Management, Bloomberg Television, Bloomberg Locations: Wall, Silicon

☆ The 10 most expensive U.S. states to retire in 2023—California isn’t No. 1
▼ + stars: | 2023-09-12 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

And now, the state overall ranks as the most expensive place to retire in the U.S., according to recent Bankrate data. New York moved up to the top spot from ninth place on last year's list of the most expensive states to retire. California ranks as the second-most expensive state to retire for the second year in a row, according to Bankrate. The Golden State doesn't tax Social Security benefits, but applies income taxes to withdrawals from other sources. Here are the top 10 most expensive U.S. states to retire in 2023, according to Bankrate.

Persons: Bankrate, — it’s Organizations: Tax Foundation, Council for Community, Economic Research, Fiscal, Security, State Locations: York City, U.S, New York, NYC, California

Search resuls for: "Asset's"

25 mentions found