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☆ The Constant Metamorphosis of Nona Hendryx
▼ + stars: | 2024-06-10 | by ( Melena Ryzik | ) www.nytimes.com time to read: +1 min

In a purple catsuit and spiky celestial headpiece, Nona Hendryx beckoned, with a wave. “In the forest of the ancestors.”It was not the real Hendryx but her digital avatar, giving a tour of a new virtual reality project. They both inhabit a world of their own creation, signaling urgently for everyone to catch up. journey was Hendryx’s 1983 electro jam “Transformation” — “Change your mind/Change your skin,” the lyrics go — because, she said, “I’ve constantly evolved and transformed over time.”With each metamorphosis, Hendryx has spun into an even more singular cultural presence. In fact, she blithely told me, she never wanted to be a singer at all.

Persons: Nona Hendryx beckoned, “ I’ve, Lady Marmalade ”, Labelle, —, blithely

☆ TSMC-backed Vanguard and Dutch firm NXP to build $7.8 billion Singapore wafer plant
▼ + stars: | 2024-06-06 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Taiwan Semiconductor Manufacturing Co. -backed Vanguard International Semiconductor Corporation and Dutch chip designer and manufacturer NXP Semiconductors will build a $7.8 billion wafer manufacturing plant in Singapore. Vanguard will have 60% stake in the joint venture — VisionPower Semiconductor Manufacturing Company — while NXP will hold 40%, according to a joint statement released Wednesday. The VSMC plant will produce wafers for the automotive, industrial, consumer and mobile device markets, the companies said. NXP will invest $1.6 billion in the Singapore plant while Vanguard plans to invest $2.4 billion, the statement said. The firms will also provide an additional $1.9 billion to support the long-term capacity of the plant, with the remaining funding provided by third parties.

Persons: NXP, TSMC Organizations: Taiwan Semiconductor Manufacturing Co, International Semiconductor Corporation, NXP, Vanguard, VisionPower Semiconductor Manufacturing Company Locations: Singapore

☆ ECB policymakers have given 'strong signal' for multiple interest rate cuts this year, economist says
▼ + stars: | 2024-06-06 | 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 EmailECB policymakers have given 'strong signal' for multiple interest rate cuts this year, economist saysShaan Raithatha, senior economist at Vanguard Europe, weighs in on the upcoming European Central Bank decision and on the outlook for the European economy.

Persons: Shaan Raithatha Organizations: ECB, Vanguard, Central Bank

☆ Young job seekers are finding it tougher to find employment, despite a bustling labor market: 'It was brutal'
▼ + stars: | 2024-06-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +9 min

Larock's experience comes at a time when, at least on the surface, the jobs market has continued to glide along. But worries are growing that the labor market is beginning to show cracks. Welcome to the good news-bad news labor market, where the collective experience is positive but not as much for individuals in particular groups. "But the bad news is that new entrants to the labor market are faring less well," Peng added. While Peng characterized the jobs market as "strong overall," she said there are "soft soft spots" that are particularly hitting "new entrants to the workforce."

Persons: Samantha McCloud, Victoria Garcia, Jessel Rincon, Irfan Khan, Julianna Larock, Larock, Jacqueline Novogratz, Michael Novogratz, Julianna LaRock, nonfarm, It's, Goldman Sachs, Elsie Peng, Peng, Molly Huang, it's, Huang, David Pakula, Cory Stahle, Joanie Bily, Bily, grads, Ethan Mariano, Mariano Organizations: Temple City High School, Los Angeles Times, Investment Partners, University of Delaware, Fordham, Bureau of Labor Statistics, Goldman, Penn State University, Vanguard, Gettysburg College, American University, State Department Locations: Temple City , CA, Wilmington , Delaware, New York City, New York, Horsham , Pennsylvania, U.S, Washington ,, Hazleton , Pennsylvania

☆ With Big Tech’s runaway 2024, it just might be time to part with a few winners. Here's why
▼ + stars: | 2024-06-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Those highly appreciated positions can change the risk profile of your portfolio, particularly if it's been a long time since you last rebalanced. Managing the tax hit Trimming heavily appreciated positions in a portfolio that's held in a taxable account may come with a capital gains hit. One potential way to mitigate the tax is to use realized losses to offset those capital gains. In a year when losses exceed capital gains, investors can apply up to $3,000 of those losses to offset ordinary income and then carry over the remainder. Normally, these holdings would be the ones subject to the heftiest capital gains taxes if they were sold.

Persons: Blair duQuesnay, it's, Morningstar, Amy Arnott, Arnott, Roger Aliaga, Diaz, We've, Aliaga, Russell Organizations: Nvidia, Ritholtz Wealth Management, CNBC's, Vanguard, Investors, Federal Reserve, Bond Market, SEC, Aggregate Bond, U.S, Taxpayers Locations: New Orleans

☆ How Roaring Kitty's wealth went from $53,000 to nearly $300 million — and could one day top $1 billion
▼ + stars: | 2024-06-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Pavlo Gonchar | Lightrocket | Getty ImagesAlmost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. By the end of the jaw-dropping episode in April 2021, Gill exercised his call options position to have 200,000 common shares. Put another way: If the stock closes above $20 that day, Gill could exercise the options at $20 apiece, leaving him owning an additional 12 million shares. A total of 17 million shares would make him the fourth-biggest shareholder in GameStop, coming in behind Vanguard, BlackRock and Ryan Cohen's RC Ventures, according to FactSet. Zoom In Icon Arrows pointing outwardsThe notional value, if exercised, would be $240 million worth of stock bought at $20.

Persons: Keith Gill, Pavlo Gonchar, Gill, Michael Khouw, Khouw, Morgan Stanley's, Ryan Cohen's Organizations: GameStop, Lightrocket, Street Journal, CNBC, Vanguard, BlackRock, Ryan Cohen's RC Ventures

☆ I'm 43 and have a teenager and a baby. I stopped saving for college to pay for diapers and formula.
▼ + stars: | 2024-06-03 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

Ian is a typical teenager who would rather be playing video games with his friends than interacting with a baby. Even though I'm a Certified Financial Planner, the process of updating our finances has been intense, and it's not over yet. I stopped contributing to Ian's college savingsEach month, I spend about $600 to $900 on diapers, formula, and other baby essentials. Plus, Ian already has a well-funded 529, although he'll still be applying for financial aid for college. I've learned that financial plans need to be fluidLife doesn't always turn out how we think it should.

Persons: Sophoan Prak, Ian, Kosal, Allie, it's, he'll, I've Organizations: Service, Vanguard, Business

☆ I read the acclaimed book that's helped tons of people achieve financial independence. Here are the 2 main takeaways, who it's for, and who should avoid it.
▼ + stars: | 2024-06-02 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Read previewWhen you cover one topic for many years — such as money, in my case — you start to notice patterns. You start to hear the same advice (invest early), strategies (use index funds), and even book recommendations. His portfolio consists of two index mutual funds (VTSAX and VBTLX) and a money market or bank account to keep cash. AdvertisementFor younger investors in what he calls the "wealth accumulation" phase, the strategy is even simpler: Buy stocks via Vanguard's Total Stock Market Index Fund. Collins is a fan of the Vanguard Total Stock Market Index Fund.

Persons: —, JL Collins, Collins, Jack Bogle's, He's, he's, Kathleen Elkins, I'm, you'll Organizations: Service, Business, Vanguard, Vanguard's, Market Index Fund, Market Index

☆ Hiring stays strong for low earners, Vanguard finds
▼ + stars: | 2024-05-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard. The hires rate for the bottom third of workers by income (who earn less than $55,000 a year) was 1.5% in March, where it has largely hovered since September 2023, according to a new Vanguard analysis. on a collision course with white-collar, high-paid jobsSome jobs still seeing relatively big annual raisesHow to spot and overcome 'ghost' jobsThe hires rate gauges the number of new hires as a share of existing employees. By comparison, it was lower — about 1.2% to 1.3% — in the months leading up to the Covid-19 pandemic, Vanguard found. Vanguard is among the nation's largest 401(k) plan administrators.

Persons: Adam Schickling Organizations: Vanguard, Finance

☆ The generation that may never retire: Why some millennials are behind on savings — and how they can catch up
▼ + stars: | 2024-05-29 | by ( Jacob Zinkula | William Edwards | ) www.businessinsider.com time to read: +14 min

However, the average millennial reported roughly $63,000 in retirement savings so far. While millennials will need more money to retire comfortably, many are far away from the savings milestone experts suggest. What's more, the future of the US Social Security system is uncertain, and longer expected lifespans — while a positive development — will require more retirement savings. How to figure out how much retirement savings you needTiffany Bell, a 36-year-old business management professional based in Houston, didn't always take retirement savings seriously. How millennials can get their retirement savings back on trackWhile some millennials are struggling financially, it's not all doom and gloom when it comes to their retirement prospects.

Persons: Nathaniel Hudson, Hartman, millennials, Tiffany Bell, didn't, Bell, she's, they're, Chris Chen, Chen, Judi Leahy, it's, Leahy, NerdWallet, Bell —, —, X, What's, Nilay Gandhi, Roth, Rita Assaf, Assaf, Gandhi Organizations: Business, Northwestern Mutual, Pew, US Social Security, Fidelity, Financial, Citi, Wealth Management, Vanguard, Big, CFP, Roth IRA, Fidelity Investments, Savings, Hudson Locations: Portland, Houston, New York, Montana

☆ What productivity boom? AI will provide just a 1% GDP boost over the next decade, MIT economist says.
▼ + stars: | 2024-05-29 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

The productivity boost that AI technology will generate is being overestimated, according to a new MIT study. AI-led US GDP growth in the next 10 years will rise just 0.93% to 1.16%, economist Daron Acemoglu wrote. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTalk to nearly any artificial intelligence bull, and they'll likely mention the technology's huge expected economic impact. This story is available exclusively to Business Insider subscribers.

Persons: Daron Acemoglu, That's, Goldman Sachs, — Organizations: MIT, Service, Vanguard, Business

☆ Hong Kong to Rule on Democracy Activists in Largest National Security Trial
▼ + stars: | 2024-05-29 | by ( Tiffany May | ) www.nytimes.com time to read: +1 min

A Hong Kong court will begin issuing verdicts on Thursday in the city’s largest national security trial, as the authorities use sweeping powers imposed by Beijing to quash political dissent in the Chinese territory. Most of the defendants have spent at least the last three years in detention ahead of and during the 118-day trial. On Thursday, judges picked by Hong Kong’s pro-Beijing leader were set to start handing down verdicts on 16 of them who had pleaded not guilty. Those who are convicted will be sentenced later, along with 31 others who had entered guilty pleas. The expected convictions and the sentences to follow would effectively turn the vanguard of the city’s opposition, a hallmark of its once-vibrant political scene, into a generation of political prisoners.

Persons: Benny Tai, Joshua Wong, Hong Kong’s Locations: Hong Kong, Beijing

☆ Overinvested in Nvidia? Here are some alternative growth stocks
▼ + stars: | 2024-05-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Investor darling Nvidia continued its artificial intelligence-fueled boom, with its earnings beating expectations last week. But some analysts are worried about a potential slowdown in growth from the previous quarter, or an "air pocket" in sales toward year-end. But investors who are worried about being overexposed to Nvidia or who want to make their portfolios more balanced could consider replacing their Nvidia allocation or complementing it with other growth stocks with a low correlation to the chipmaker. Using FactSet, CNBC Pro screened four exchange-traded funds for stocks that have negative or low correlation to Nvidia in the past month. The ETFs are Vanguard S & P 500 Growth ETF, Schwab U.S. Large-Cap Growth ETF, Vanguard Russell 1000 Growth ETF and Fidelity Enhanced Large Cap Growth ETF.

Persons: Lucas Keh, Nancy Tengler, CNBC's, Vanguard Russell Organizations: Nvidia, Investments, CNBC Pro, Schwab U.S, Growth, Vanguard, Fidelity

☆ Haiti: Why Kenya-led security assistance has still not arrived
▼ + stars: | 2024-05-24 | by ( Caitlin Hu | ) edition.cnn.com time to read: +9 min

Who are Haiti’s gangs? Complicating the situation is a torrent of smuggled guns and ammunition arming Haiti’s gangs, despite an arms embargo on the island. In October last year, the Multinational Security Support Mission (MSS) was finally greenlit by the United Nations’ powerful Security Council. More equipment, including armored vehicles and radios, is expected to arrive in Haiti for the MSS over the coming days and weeks. “We believe only the Haitian police can provide long term security for Haiti.

Persons: puncturing, Joe Biden, William Ruto, ” Ruto, ”, Viv Ansamn, Jovenel Moise, Antony Blinken, Al, Bill O’Neill, Ariel Henry, Ayub Abdikadir, Ruto, El Salvador, Felix Ulloa, “, SPNH17, Nou Pap, ’ Organizations: CNN, Kenyan, Haitian, Haiti’s National Police, Relations, Multinational Security, Multinational, United Nations, Security, police, UN, Presidential Council, Kenya’s Citizen, Canada, El, Salvadoran, “, NPD, Haitian National Police Locations: Haiti, Haitian, Port, Washington, Kenya, Al Shabaab, Somalia, Sudan, Congo, Bahamas, Bangladesh, Barbados, Belize, Benin, Chad, Jamaica, United States, France, Spain, Canada, Toussaint Louverture, El Salvador

☆ The B-52 shot down Vietnamese fighter jets in historic dogfights. Here's how the US Air Force plans to keep its oldest bomber in the skies for over a century.
▼ + stars: | 2024-05-23 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +5 min

AdvertisementA North Vietnamese student pilot in the cockpit of a non-flying MiG-21 fighter jet trainer with a flight instructor. Only one other B-52 tail gunner had scored a successful kill against a Vietnamese fighter, though more than 30 B-52s had been shot down throughout the conflict. In fact, the first time a B-52 had ever shot down a MiG had only happened a few days prior. A US Air Force B52 bomber unleashes its bomb load over Vietnam. The kill was confirmed by another tail gunner named Tech.

Persons: —, Diamond Lil, Albert Moore, Moore, Clarence Chute, Chute, Read, Bill McRaven's Organizations: Service, Boeing, Business, Getty, MiG, US Air Force, Air Force, republication, Sandboxx News, Navy SEAL Locations: Vietnam, United States, Vietnamese, Thai, Soviet, Iraq, Afghanistan

☆ Op-ed: How activist investors are deactivating with proxy battle losses
▼ + stars: | 2024-05-23 | by ( Jeffrey Sonnenfeld | Steven Tian | ) www.cnbc.com time to read: +7 min

Whether today's activist investors contribute any genuine economic value is open for debate. As this year's proxy season draws to a close, defeat after defeat for activist investors in proxy fights this year – most prominently at Disney and Norfolk Southern – raises the question: Are activist investors increasingly getting de-activated, losing their credibility and power? These self-styled "activist investors" are distinct from the original activists who helped catalyze needed governance reforms two decades back. Many of today's activist investors are a far cry from the original, heroic crusaders for shareholder value who pioneered the activism space decades ago. However, given the failing financial performance of many of today's activist investors, their losing streak in proxy fights and increasing public rejection of their bullying tactics, the credibility and value of activist investors writ large is increasingly imperiled.

Persons: Nelson Peltz's, Ed Garden, Ralph Whitworth, John Biggs of TIAA, John Bogle of, Ira Millstein, Weil, Nell Minow, Bob Monks, Harvard's Stephen Davis, Carl Icahn's, Aubrey McClendon, –, Bill Cohan, Jamie Dimon, Glass Lewis, resoundingly, Mason Morfit's ValueAct, Jeffrey Sonnenfeld, Lester, Steven Tian Organizations: CNBC, Salesforce, Dow Jones, Disney, Norfolk Southern, Relational Investors, John Bogle of Vanguard, Services, Chesapeake, Norfolk, JetBlue, Elanco, of Institutional Investors, United Shareholders Association, Responsibility Research, ISS, Lester Crown, Management, Yale University, Yale's, Institute Locations: Norfolk Southern, greenmailers, America

☆ There’s more than one way to access this asset offering tax-free income. How to make the right choice
▼ + stars: | 2024-05-20 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Muni bonds are beloved by wealthy investors because they offer income that's free of federal taxes. Muni bond ETFs and mutual funds, meanwhile, don't have a definite maturity date and their price can fluctuate while the investor is holding them. Liquidity needs are also a major factor, with individual bonds potentially being hard to sell if an investor has a cash need. Since these funds offer a fixed number of shares, they trade at a discount or premium to their net asset value. Some of these funds hold municipal bonds and are trading at sharp discounts to their net asset value, potentially making them an attractive purchase.

Persons: Kathleen McNamara, there's, muni, he'll, Beth Foos, James Ritzema, Baird, Jon Browne Organizations: Federal Reserve, UBS, tradeoffs Investors, SEC, Investors, Morningstar, RiverNorth Locations: Americas, –

☆ In a white-collar recession where $100,000 jobs are hard to find, women are winning out
▼ + stars: | 2024-05-17 | by ( Emily Mccrary-Ruiz-Esparza | ) www.businessinsider.com time to read: +7 min

Fewer women apply for 6-figure positionsAccording to iCIMS's analysis, women have made up 41% to 44% of applicants for six-figure jobs across Asia, Europe, the Middle East, South America, and the US since 2020. In other words, though they constitute less than half of applications for six-figure jobs, they are often hired for more than half of those jobs. "The fact that they are applying for these six-figure jobs does not imply that the gender pay gap is narrowing," says Njuki. "This would require a comparison between the women in those six-figure jobs and the men in those six-figure jobs." "A big reason for the gender pay gap is not enough women in the higher-paid managerial and leadership positions.

Persons: —, Hewlett Packard, Jemimah Njuki, Yana Rodgers, Rodgers, Njuki, It's Organizations: Service, Business, Vanguard, Hewlett, UN, Center for Women, Rutgers University, McKinsey Locations: Asia, Europe, East, South America, United States

☆ Financial advisors don't need to fear artificial intelligence, Betterment’s Thomas Moore says
▼ + stars: | 2024-05-15 | by ( Kiley Lambert | ) www.cnbc.com time to read: +5 min

We heard that from a lot of financial advisors that are now our customers. The financial advisor space is growing now as much as it ever has, alongside the growth of the robo. A word we use a lot to describe the challenges in the financial advisor landscape is inertia. KL: Where are you seeing the most growth right now in your advisor business? KL: What do you see on the horizon in the financial advisor space?

Persons: Greg Hinsdale, Thomas Moore's, Moore, Kiley Lambert, Let's, Thomas Moore, that's, Charles ] Schwab, Ameritrade, That's, we've Organizations: Bank, Getty, Mangers Group, SEI, Vanguard Group, CNBC, Summit, Opportunity

☆ Americans with a college degree say they'd need at least a $100K salary to change jobs. But roles that pay in that range are getting harder to find.
▼ + stars: | 2024-05-14 | by ( Jacob Zinkula | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

As of the most recent March data, the average reservation wage for Americans with a college degree rose to a survey-high of $99,081, up from $97,270 in March 2023 and $81,758 in March 2020. It means that not as many Americans are landing new jobs that pay in the six-figure range. The average reservation wage for people without a degree was $68,390, up from $59,683 in March 2023 and $48,778 in March 2020. The average reservation wage among all respondents was $81,822, up from $75,811 and $61,377 in March 2020. AdvertisementAre you struggling to find a six-figure job?

Persons: —, it's Organizations: Service, York Fed's Survey, Consumer, Business, Bureau of Labor Statistics, of Labor Statistics, New, New York Fed Locations: York, New York

☆ JPMorgan says this simple 2-step, long-term investing approach allows you to maximize returns and achieve your financial goals while minimizing portfolio management headaches and costs
▼ + stars: | 2024-05-10 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

For most investors, holding just one passive global stock market fund and one passive global bond market fund over the long term is the best way to construct a portfolio, the strategists said. While some more time-consuming, complicated strategies may allow for higher returns, this approach gives investors the best all-around bang for their buck, Loeys and Wise said. Our point is instead that we believe you can achieve most, if not all of your financial objectives by following our KISS approach. Two stock funds that do this include the Vanguard Total World Stock Index Fund (VTWAX) and the SPDR Portfolio MSCI Global Stock Market ETF (SPGM). For investors who want to do more with their portfolio, Loeys and Wise suggested dedicating 80%-90% of one's portfolio to the above strategy, and using the other 10%-20% on other investments.

Persons: Jan Loeys, Alexander Wise, Wise, Joeys, Loeys Organizations: JPMorgan, Business, KISS, Index, Stock Market, Bond, Fidelity

☆ The Tiny Nation at the Vanguard of Mining the Ocean Floor
▼ + stars: | 2024-05-09 | by ( Pete Mckenzie | ) www.nytimes.com time to read: +1 min

Two ships arrived in the Cook Islands in the South Pacific in March of last year. One was a familiar sight: a massive cruise ship, bringing hundreds of tourists to the pristine shores of this nation of 15,000 people. To Mr. Brown, the cruise ship represented his country’s troubling dependence on tourism. He described the other vessel, owned by an international mining company, as a harbinger of incredible wealth. The Cook Islands is at the vanguard of a quest to mine the ocean floor for minerals used in electric car batteries.

Persons: Mark Brown, Brown Organizations: South Pacific Locations: Cook, South

☆ A millennial who went to college in his 30s when his career stalled says his Bachelor's degree is 'worthless' and that he's been looking for a job for 3 years
▼ + stars: | 2024-05-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

A millennial quit his job in 2015 to pursue a college degree because his career growth had stalled. AdvertisementIn 2015, at age 34, Dan Colflesh decided to quit his job in the customer service industry and pursue a college degree. AdvertisementColflesh said he's been looking for work over the last few years and applied to more than 100 jobs. Colflesh has a few other theories for why his job search has been difficult. AdvertisementAre you a man who's not looking for work or has struggled to find a job?

Persons: he's, who've, —, Dan Colflesh, hasn't, Colflesh, it's, couldn't, He's Organizations: Service, University of Massachusetts, Bureau of Labor Statistics Locations: Massachusetts, University of Massachusetts Amherst, Appalachian

☆ These global tech stocks have beaten the S&P 500 this year — and analysts give them over 20% upside
▼ + stars: | 2024-05-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

U.S. stocks have been rather volatile in the past month, but in the past week they had a strong run on hopes of rate cuts. Tech stocks, which would be boosted by rate cuts, have been a big part of that rally — with Meta , Alphabet and Amazon in particular having a strong showing over the past couple of weeks. Elsewhere, analysts are getting more optimistic on China stocks, especially those in the tech sector. Kevin Liu, managing director and strategist at CICC Research, said his conviction call would be a structural barbell allocation with themes including tech names "with high-end upgrading opportunities," among others. Stock screen Against this backdrop, CNBC Pro screened FactSet for stocks from four exchange-traded funds (KraneShares CSI China Internet ETF, Vanguard Information Technology ETF, Invesco China Technology ETF and the iShares MSCI China Multisector Tech ETF) to find stocks that: have beaten the S & P 500's around 9% year-to-date performance.

Persons: Bernstein, Kevin Liu Organizations: Dow Jones, Tech, UBS, CICC Research, CNBC Pro, CSI China Internet, Vanguard Information Technology, China Technology ETF, China Multisector Tech Locations: China

☆ These bond funds offering yields upward of 5% could take off as Fed policy becomes uncertain
▼ + stars: | 2024-05-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

That shakiness around when the cuts are coming, as well as the expectation that rates could remain higher for longer creates an opportunity for active managers. Rick Rieder, BlackRock's global chief investment officer of fixed income, told CNBC in a phone interview. Indeed, core bond funds were among the winners in the 2008 crisis. For starters, they should think about the role they want a given bond fund to play within their portfolio: Is it to offset equity risk or to boost returns? "You're not investing in bond funds to shoot the lights out and build your wealth pile," said Morningstar's Jacobson.

Persons: Rick Rieder, Rieder, Eric Jacobson, Morningstar, John Croke ,, Morningstar's Jacobson, Jaime Quinones, they're, Quinones Organizations: Federal Reserve, Barclays, Bank of America, Citigroup, CNBC, Bloomberg, SEC, Morningstar, Vanguard, Stockade Wealth Management, Mutual Locations: Marlboro , N.J

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