DIRS.INFO The most relevant business & tech news

☆ Why some people feel good about their bank accounts but bad about the economy
▼ + stars: | 2024-04-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

A recent Wall Street Journal poll of American voters in swing states found that while people think the national economy is in bad shape, they feel good about their personal finances. In Gallup polling from last April, just 16% rated the economy as “good” or “excellent,” but 45% said their personal finances were “good” or “excellent.”But according to available data the economy has improved. But the dichotomy between how people feel about their own finances and the economy at large presents a different conundrum. It’s important to look at consumer behavior and not just sentiment when determining how Americans feel about the economy, said Harris. Those behaviors signal that Americans, overall, actually feel pretty good about their economy.

Persons: New York CNN — Nathan Frederiksen, “, ”, ” Frederiksen, It’s, “ We’ve, I’ve, ” He’s, —, Wisconsin —, Joe Biden, Ben Harris, else’s, ” Harris, Harris, Jonathon Barricklow, Barricklow, we’d, Dave Koloskee, he’ll, Megan McCoy, we’re, ” McCoy, Julie Levitch, Suze Orman, she’s, I’m, ’ ”, ‘, they’re Organizations: New, New York CNN, CNN, Gallup, Economic, Brookings, Bureau of Labor Statistics, Facebook, Kansas State University, “, Finance, LinkedIn Locations: New York, Boise , Idaho, Arizona, Georgia, Michigan, North Carolina , Nevada , Pennsylvania, Wisconsin, it’s, United States, Bowling Green , Ohio, East, Europe, Erie , Pennsylvania, Scottsdale , Arizona

☆ Premarket stocks: Charlie Munger’s best quotes on investing, life and everything in between
▼ + stars: | 2023-11-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

New York CNN —Billionaire investor Charlie Munger, vice-chairman of Berkshire Hathaway and long-time friend to Warren Buffett, died on Tuesday. He said ‘if all you have is a hammer, the world looks like a nail.’”Munger, who was worth $2.7 billion according to Forbes, was revered for his pithy and often humorous remarks on investing, life and more. His speeches and writings, compiled in books like “Poor Charlie’s Almanack,” are considered essential reading for anyone interested in business, investing or the art of clear thinking. It looked to me like a kindergarten.” - Berkshire Hathaway meeting, 2018On algorithmic trading:“We have computers with algorithms trading against other computers. Look at it backward.” - Poor Charlie’s AlmanackOn passion:“You’ll do better if you have passion for something in which you have aptitude.

Persons: Charlie Munger, Berkshire Hathaway, Warren Buffett, Munger, ” Whitney Tilson, Buffett, “, ” Munger, Tilson, ”, We’ve, stockbrokers, they’ve, it’s, I’m, Tao, David Clarkhis Organizations: CNN Business, Bell, New York CNN, Berkshire, Forbes, Google, Berkshire Hathaway, USC, Kiplinger, “, Invest, Berkshire Hathaway’s Locations: New York, ”, Berkshire

☆ The 15 most affordable US cities to live in 2023
▼ + stars: | 2023-08-10 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

Personal-finance company Kiplinger has ranked the cheapest US cities to live in this year. It considered factors like cost of living, unemployment rates, and home values in 267 urban areas. Personal-finance company Kiplinger identified America's cheapest cities as of April 2023. The study shows that many of the most budget-friendly cities in America are found in the South, a region renowned for its advantageous income-to-cost ratio. Read on for the 15 cheapest cities in the US 2023 — maybe one will spark your interest.

Persons: Kiplinger, Craig Grove, Read Organizations: Kiplinger, Service, Council for Community, Economic Research, Realty Locations: Alabama, Texas, Harlingen , Texas, Wall, Silicon, America, Rio Grande Valley, Brownsville, Craig, Georgia, —, Michigan, Kansas

☆ The top 10 U.S. cities for retirees — No. 1 isn’t in Florida
▼ + stars: | 2023-07-23 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Many cities in Florida remain popular retirement destinations, but a Pennsylvania city ranks as the best place to spend your post-work years. A second Pennsylvania city, state capital Harrisburg, is No. It's clear Pennsylvania and Florida dominate the top spots on the list of best places to retire. Florida doesn't tax income and Pennsylvania doesn't tax retirement pensions and distributions from 401(k)s, IRAs or Social Security, according to Kiplinger. Here are the top 10 U.S. cities for retirees, according to U.S. News & World Report:Lancaster, Pennsylvania Harrisburg, Pennsylvania Pensacola, Florida Tampa, Florida York, Pennsylvania Naples, Florida Daytona Beach, Florida Ann Arbor, Michigan Allentown, Pennsylvania Reading, PennsylvaniaWhile lists like these can be helpful while researching potential retirement locations, remember that everyone's ideal retirement is unique and shaped by different priorities.

Persons: Lancaster, Warren Buffett Organizations: U.S . News, U.S ., . News, U.S . Census, Tax Foundation, Louis Federal Reserve Bank, Pensacola, Security, Kiplinger Locations: Florida, Pennsylvania, Lancaster , Pennsylvania, U.S, Puerto Rico, Lancaster, Harrisburg, Lancaster , Pennsylvania Harrisburg , Pennsylvania Pensacola, Florida Tampa , Florida York, Pennsylvania Naples, Beach , Florida Ann Arbor , Michigan Allentown , Pennsylvania Reading

Say you have a succession plan in place, and have identified an owner, price, and date of transition. That one scenario points to the importance of "what ifs" to consider in any succession plan. That's why a well-rounded succession plan also addresses business continuity. Those contingencies include: Income: What accommodations will provide income if you need to take a leave before a succession transition is complete? What accommodations will provide income if you need to take a leave before a succession transition is complete?

Persons: Patti Bell, Price, Bell, You'll, SIPC Organizations: Partners, Insider Studios, Kiplinger, National Life Insurance, Life Insurance, Inc, Principal Funds, Securities, Principal Securities, Financial Services Locations: NY, Des Moines

☆ Here's how much money it takes to be considered 'financially comfortable' in 13 major U.S. cities
▼ + stars: | 2023-06-20 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The phrase "financially comfortable" can mean different things to different people, whether that's having enough money to stay out of debt or being able to buy a second home. One thing is certain: The amount of money Americans say makes you financially comfortable changes depending on where you live. The amount varies by almost $1 million between cities, according to an analysis of 13 major U.S. metropolitan areas by financial services company Charles Schwab. For the purposes of the study, feeling financially comfortable is considered different from feeling rich. They ranged from $2.5 million in Denver to $4.7 million in San Francisco — the highest amount of all cities listed.

Persons: Charles Schwab, Kiplinger, San Francisco —, Warren Buffett Organizations: Boston, Dallas, Atlanta, Denver, Phoenix, Houston, Federal Locations: Francisco, California, Los Angeles, San Diego, York City, Seattle, Washington, Chicago, San Francisco , New York, U.S, Denver, San Francisco

☆ A portfolio manager who runs 3 of the 10 best large-cap funds in the past year shares his surprisingly simple investing strategy — and the 4 places he's putting his money now
▼ + stars: | 2023-05-24 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Leading fund manager Matt Fruhan found success this year by continuing to prioritize valuations. Two of those standout funds, the Fidelity Mega Cap Stock Fund (FGRTX) and the Fidelity Advisor Mega Cap Stock Fund (FGTAX), are virtually identical, except for their class and ticker. The fund manager told Insider that he applies the same investing process and principles across all of his funds. "Some investors are kind of reactive to the market and let the market tell them what to think," Fruhan said. And that's how you get separation from the stock market over time."

☆ Buy these 14 'boring' stocks that are set up for strong long-term growth, according to a pair of fund managers in the top 1% this year
▼ + stars: | 2023-05-20 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Leading fund managers Brian Yacktman and Elliott Savage broke through by sticking to their strategies. The pair looks for growth stocks that have pricing power and aren't too expensive. 14 top stocks to buy nowInvestors in search of those so-called boring stocks with steady growth, pricing power, and reasonable valuations are in luck. The fund managers like Mastercard (MA) and Visa (V), which function very much like toll collectors in the global payments space. Both enjoy the tremendous advantage of scale that wards off would-be competitors and positions them for future growth, in the fund managers' view.

☆ The top large-cap fund manager from the past 12 months shares the simple change he made that completely turned around his performance — and 13 stocks he loves now
▼ + stars: | 2023-05-12 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

That realization led portfolio manager David Miller to launch the Catalyst Insider Buying Fund (INSIX) nearly 12 years ago. While many funds factor in insider transactions when selecting stocks, few use it as their main prerequisite when screening investments. But in the last 12 months, it's the best-performing large-cap fund on the market through April 30, according to Kiplinger. All of these companies have benefitted from insider buying to some extent, but some have been lifted even more by company buybacks. "They've just been gobbling up their own stock," Miller said of O'Reilly Automotive.

☆ Saturna Capital's 3 stock funds are all out-earning their competitors while sticking to Islamic investing rules. Its managers told us how the combination works.
▼ + stars: | 2023-05-05 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Saturna follows Islamic rules, which also prohibit speculation and profiting from interest. The firm's Amana Income fund is the fourth-best US large company stock fund over the 12 months that ended March 31, according to Kiplinger. The firm's Developing World Fund has out-returned 92% of competing funds over the last five years. Scott Klimo is the chief investment officer and co-manages three stock funds for Saturna Capital. Buying an unprofitable or high-priced growth stock and hoping it goes on a rocket ride is not.

☆ James Davolos' stock fund has been one of the world's best for two decades. He told us how he has consistently beaten the market, and why he's comfortable betting half his money on a single company.
▼ + stars: | 2023-03-24 | by ( Marley Jay | ) www.businessinsider.com time to read: +6 min

Co-manager James Davolos told Insider about the fund's approach to identifying market mistakes. Half the fund's money is in one stock, and Davolos explained why he's not hurrying to change that. Davolos and his team then investigate those areas and try to identify any mistakes the market has made about the quality of an investment. "Nobody at the firm follows a sector per se, or a geography, or a capitalization," Davolos told Insider in a recent interview. Texas Pacific doesn't have to pay for equipment or fund that work; it simply makes money from the drillers.

☆ Comerica Bank's chief economist breaks down why home prices will continue their slide through most of 2023 — and shares why California's biggest markets will see some of the country's largest price de
▼ + stars: | 2023-02-23 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Housing prices around the US will see declines in the high single-digits, says Bill Adams. Los Angeles and the San Francisco Bay Area in California face unique challenges, he said. That downward trend will continue into the fourth quarter this year, Adams said, and peak-to-trough prices declines will end up being in the high single-digits. According to Kiplinger, Los Angeles, Orange County, San Francisco, and Oakland are all in the top 11 most expensive cities in the US. According to S&P CoreLogic Case-Shiller data, home prices in Los Angeles are down 7.5% from their peak, and prices in San Francisco are down 14.2%.

☆ James Abate's stock fund has nearly doubled its benchmark over 3 tumultuous years. Here's how he says investors should get ready for potential black swan events that could shape 2023.
▼ + stars: | 2023-02-07 | by ( Marley Jay | Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

Kiplinger rates the fund as the best US large-company stock fund from 2020 to 2022. That's not the most encouraging backdrop for stocks, especially since Abate said investors will be less comfortable taking big risks. He added that while the beginning of 2023 has been the opposite of 2022, that's not going to last. For the first black swan, Abate pointed towards the escalation of the Russian-Ukraine crisis, including the recent increase in air defense activity, ground troops, and the shipment of armored vehicles, tanks, and fighter aircraft. As for the second black swan, Abate also highlighted the Japanese government's "unprecedented" and "unsustainable" buying of the yen to boost the currency against others like the dollar.

☆ Jim Nelson ran the 2 best international stock funds in the world in 2022, according to Kiplinger. He told us how he's positioned them for success, and why investors should go global now.
▼ + stars: | 2023-02-02 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Jim Nelson managed the two best global stock funds of 2022, according to Kiplinger. Nelson detailed his overall approach, and why he thinks international value stocks will thrive. In 2022, Kiplinger named Nelson's EuroPac International Dividend Income Fund as the highest-returning international large-cap value stock fund of the year, and his EuroPac International Value Fund ranked second. About half of the Value Fund's assets are dedicated to either defensive consumer-facing companies or basic materials makers. While international stocks have lagged US-based stocks for a long time, he says indicators are favoring non-US stocks today.

You still have a shot at becoming a Mega Million billionaire. Nobody matched the six numbers — 7, 13, 14, 15, 18 and Mega Ball 9 — Tuesday night to win the $1.1 billion jackpot, which means the prize will keep growing. When the numbers are drawn again Friday night, the jackpot will be worth about $1.35 billion, the second-highest top prize in the game's history, according to the Mega Millions website. Tuesday's $1.1 billion was the third-highest amount for a Mega Millions jackpot, bested only by the $1.5 billion won in October 2018 and the $1.3 billion in July 2022. Under that “lump sum” choice, the most money a winner was likely to see from the jackpot was very close to one-third of the $1.1 billion, $363.4 million, the publication said.

☆ Two fund managers who were the toast of Wall Street in 2022 told us how they've built a working 25-year partnership and consistently won at stock picking
▼ + stars: | 2023-01-05 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

BNY Mellon mutual fund managers John Bailer and Brian Ferguson belong in the second camp. Over time they started to collaborate more closely thanks to their shared approach to value stocks. In time, the two began working together on coverage of large cap value stocks as well. Bailer has run the Income Stock Fund since the end of 2011. The Income Stock Fund has one additional criterion: the fund prioritizes dividends that are at least 50% greater than the yield of the average S&P 500 company.

☆ The 15 cheapest US cities in the US
▼ + stars: | 2022-12-24 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

Personal-finance company Kiplinger laid out the cities in the US with the lowest cost of living. Personal-finance company Kiplinger identified America's cheapest cities by calculating the living expenses — including prices for housing, groceries, transportation, healthcare, and miscellaneous goods and services — of 267 urban areas in the US that have a population of at least 50,000. According to their methodology, America's cheapest city is Harlingen, Texas, a small city of less than 72,000 people at the southern tip of Texas near the Mexican border. "People have been saying, 'I don't want to be in these big cities,'" he added. The other affordable cities on Kiplinger's list are largely in the South and the Midwest.

Most of the top funds have focused on value stocks or income — or both. Insider spoke with the top fund managers to hear about their strategies and favorite stocks. 2022 was a year when simply achieving a positive return in the stock market was an accomplishment. But there's a small cohort of stock pickers that hasn't just survived 2022 but has also thrived in it. Below are the 10 best funds of 2022, listed in descending order by performance as of November 30, along with their managers' strategies and favorite stocks.

☆ 'People need to temper their expectations': A former top TD Ameritrade technical analyst says stocks have another 19% to fall before bottoming as recession looms and investors wrongly anticipate a Fed
▼ + stars: | 2022-12-10 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Year-to-date the S&P 500 is down 17% as the Fed tightens policy to rein in inflation. Bierman is the chief market technician at TheoTrade, and held the same position at TD Ameritrade between 2007-2015. The Fed has been tightening policy this year at the fastest pace in decades in an effort to cool the highest inflation rates since the early 1980s. The second problem is that the US economy is already in a recession, Bierman says. But the number one indicator for Bierman that the US economy is in recession is the yield curve.

☆ The best-performing large-cap fund manager of 2022 shares what he got right as high inflation and interest rates tanked the market this year — and where he's investing heading into 2023
▼ + stars: | 2022-12-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Daniel Peris of Federated Hermes is the top-performing large-cap fund manager of 2022. Historian-turned-mutual fund manager Daniel Peris is making some history of his own this year. Nearly as unconventional as Peris' background is his approach to running his dividend fund. Absolute and relative performance matter little compared to dividend growth and yields, Peris told Insider in a recent interview. However, the fund manager said that as inflation starts to settle down, stocks in the aforementioned food, beverage and tobacco, household products, and pharmaceuticals industries are his favorites.

☆ Cine sunt oamenii care profită cel mai mult de pe urma pandemiei
▼ + stars: | 2021-04-14 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: kiplinger.comCine sunt oamenii care profită cel mai mult de pe urma pandemieiRecesiunea care va lovi Europa după pandemie va ajuta grupurile de crimă organizată să se infiltreze în sectorul de business şi să recruteze specialişti rămaşi fără un loc de muncă, avertizează Europol, agenţia UE de cooperare în materie de aplicare a legii, potrivit EUobserver. În acelaşi timp, specialiştii din domeniul financiar şi juridic, cât şi tinerii cu aptitudini IT care nu găsesc de lucru vor fi mai vulnerabili în faţa recrutării de către astfel de grupuri, avertizează Europol. Raportul Europol, cel mai amplu de acest fel din istoria agenţiei, arată că pandemia a creat deja noi oportunităţi pentru delincvenţi. Acesta conţine puţine veşti bune, atrăgând atenţia că vânzările de droguri ilegale şi utilizarea violenţei de către grupurile de crimă organizată au atins niveluri mai ridicate decât oricând. Impactul crimei organizate asupra vieţilor cetăţenilor, asupra economiei, asupra statului de drept este prea mare“, arată Catherine De Bolle, director Europol, citată de Ziarul Financiar.

Persons: pandemia, coronavirus, Catherine, Bolle Locations: Europa, Pandemia

In a survey from Kiplinger and Personal Capital, Americans said that high health insurance costs, disappointing investment performance, and debt are keeping them from saving for retirement. Rising healthcare costs are a major concern of Americans of all ages. Personal finance site Kiplinger and digital wealth manager Personal Capital asked 850 Americans what stood in the way of saving for retirement. The data shows that three main factors have put a strain on Americans' ability to save for retirement: healthcare costs, poor investment performance, and debt. For many Americans, high costs of living and the resulting debt is standing in the way of saving for retirement and building long-term wealth.

Instead of scrambling to time the market, it's smarter to focus on the things you can control, writes financial planner Eric Roberge in an article published by Kiplinger. Which is a shame, considering it's so easy to avoid: Stay in your seat," Roberge writes. Cut down your expenses"If you're truly scared of a recession, pull out your budget and start trimming costs now," Roberge writes. Pay off your high-interest debtIf you do have high-interest debt, now is the perfect time to "start attacking it aggressively," Roberge writes. It's a good time to focus on developing job-related skills and polishing your résumé to make sure you're prepared for whatever comes your way, Roberge writes.

Persons: Eric Roberge, Roberge, —, Kiplinger, Lauren Anastasio, there's Organizations: MetLife, Kiplinger, Service, APR

We've made learning about money easier for you by compiling a list of some of our go-to websites for money advice. CNN MoneyWhy we like it: If you're more interested in breaking news that has to do with money, you'll like CNN Money. CNN Money covers personal finance as well as featuring articles on the economy, small businesses, and luxury. He curates the best money articles from a wide web of personal finance bloggers and writers — "rockstars" — and then shares them on Rockstar Finance. You can sign up by email to stay up to date and receive the new rockstar articles daily.

Persons: Guo Bobi, We've, Kiplinger, Wise, NerdWallet, Rich, Ramit Sethi, Sethi, — Organizations: Kiplinger, Credit.com, Reading, Google, Facebook, CNN, New York Times, New York, Rockstar Finance, rockstar

Search resuls for: "Kiplinger"

24 mentions found