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☆ Here's how rich Americans give homes and country houses to their children and save big on estate tax
▼ + stars: | 2023-05-07 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

They can stay in the home during the trust, and any appreciation is exempt from gift and estate tax. The federal estate tax exemption, however, will be cut in half at the end of 2025, barring further legislation. This rent allows parents to transfer more wealth to their heirs free of gift tax. In short, the grantor was able to give a property worth $1.8 million, but only pay gift tax on $422,600. The rental payments are not subject to gift tax.

☆ We're a buyer of weakness and a seller of strength, says Merrill and BoA Private Bank's Chris Hyzy
▼ + stars: | 2023-02-27 | 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 EmailWe're a buyer of weakness and a seller of strength, says Merrill and BoA Private Bank's Chris HyzyChris Hyzy, Merrill and Bank of America Private Bank chief investment officer, joins 'Closing Bell' to offer his equity strategy for navigating a volatile market.

☆ Here's how to invest in 3 'tectonic shifts' that will shape markets over the next few years, according to BofA
▼ + stars: | 2023-02-10 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

The firm walked investors through patterns in interest rates and government spending. From 2008 to last year, ultra-low interest rates and central bank policy made for an era of easy money. They said that will favor value stocks over growth stocks, and will make dividend-paying stocks and alternative investments more appealing. It's also a potential economic challenge, as national debt levels have risen at the same time that interest rates have increased. "We have entered a bull market in state intervention and activism," Quinlan and Sanfilippo wrote.

The personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, rose 0.1% last month after climbing 0.4% in October. On U.S. exchanges 7.75 billion shares changed hands on Friday compared with the 11.41 billion average for the last 20 sessions. Energy shares (.SPNY) stood out as the biggest advancers throughout the session as oil prices gained following news of Moscow's plans to cut crude output. Advancing issues outnumbered declining ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored advancers. The S&P 500 posted 2 new 52-week highs and 1 new low; the Nasdaq Composite recorded 49 new highs and 228 new lows.

☆ Markets will test new bottoms early next year, says BoA's Chris Hyzy
▼ + stars: | 2022-12-19 | 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 EmailMarkets will test new bottoms early next year, says BoA's Chris HyzyChris Hyzy, Merrill and Bank of America Private Bank CIO, joins 'Closing Bell: Overtime' to discuss market outlook for Big Tech, growth and earnings.

☆ Fed bringing inflation down a lot faster than market expects, says BoA's Chris Hyzy
▼ + stars: | 2022-12-15 | 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 EmailFed bringing inflation down a lot faster than market expects, says BoA's Chris HyzyChris Hyzy, Merrill and Bank of America private bank chief investment officer, joins the 'Halftime Report' to discuss his 2023 investment playbook.

☆ 75% of young, wealthy Americans get this 'wrong' about investing, says CFP
▼ + stars: | 2022-11-18 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Although advisors generally recommend that younger investors hold the vast majority of their investments in stocks, wealthy young people are skeptical that traditional investments can get the job done. In fact, 3 in 4 say it's not possible to achieve above-average returns with stocks and bonds, according to the survey. Young rich investors may 'mistake success with expertise'Why are young, affluent investors pulling away from stocks? It could be that there are newer, fresher ideas out there, says Ken Shepard, head of investments at Bank of America Private Bank. Why stocks are still the best option for young investors

☆ If the Fed pauses before everyone expects, that's the tailwind everyone's looking for, says Merrill and BofA's Chris Hyzy
▼ + stars: | 2022-10-18 | 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 EmailIf the Fed pauses before everyone expects, that's the tailwind everyone's looking for, says Merrill and BofA's Chris HyzyChris Hyzy of Merrill and Bank of America Private Bank joins 'Closing Bell: Overtime' to discuss the markets, the bear market bounce and what he thinks the Fed will do next.

☆ Wall Street says companies' lousy earnings outlooks might be intensifying
▼ + stars: | 2022-10-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

We are entering third quarter earnings season, and the level of cluelessness has never been so high. Wells Fargo's Chris Harvey called the start of third quarter earnings season "A Dud." With the S & P 500 closing at 3,585 for the third quarter, the forward earnings multiple now stands at 15 times 2023 earnings, according to S & P Global. S & P 500: Forward Earnings Multiple 2023: 15.0 5-year average: 21.7 Avg. More importantly, earnings estimates for the "growth" part of the S & P have been getting cut for both the third and fourth quarters.

☆ U.S. companies are reshoring at a rapid pace. Here's how to play the trend
▼ + stars: | 2022-08-27 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

The reshoring trend – or companies shifting parts of their manufacturing and supply chains to different countries – has boomed over the last decade. In 2022, reshoring and foreign direct investment jobs announced coming back to the U.S. is on pace hit a record high of 348,493, according to data from the Reshoring Initiative. The trend also includes companies moving parts of their supply chains or manufacturing to different countries abroad. Investing the trend There are a few ways to play the reshoring trend as it continues to unfold. Analysts covering the space generally recommend picking up stocks in companies that stand to benefit from the trend, as opposed to companies in the reshoring process.

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