Damir Khabirov | iStock | Getty Images “He who makes no mistakes makes nothing.” Talk about a silver lining, especially when applied to finance. This 200-year-old quote, attributed to Casanova, gives hope to all those ruing a grave error or missed opportunity. And it’s true: We learn what not to do going forward when we
Month: July 2019
View of homes in San Francisco from Alamo Square park. hanusst | iStock Editorial | Getty Images Why buy a house in San Francisco when you can snap up something more affordable in New York? Bay Area tech workers are showing some sensitivity to the cost of housing in the region, according to a survey
An updated spreadsheet of the greatest fund managers is available to download at the link at the end of this article. Getty At the midpoint of the year, it’s time to review the performance of the greatest fund managers. I have received many emails from readers asking how to use the spreadsheet listing the greatest fund
La Follia from above Douglas Elliman There has already been one sale topping $100 million in California this week and now there’s another one to report on the other side of the country. La Follia, a 37,500-square-foot building on Palm Beach’s Intracoastal Waterway just closed for a $105 million, according to property deeds cited by
Tax whistleblowers had good news the other day with the Taxpayer First Act of 2019 (Public Law 116-25) being signed into law by President Trump – including anti-retaliation protections for tax whistleblowers as well as requiring improved communication between the IRS and whistleblowers. Thanks to the Chairman of the Senate Finance Committee Charles Grassley (R-IA)
U.S. stock index futures were mixed Wednesday morning, as escalating global growth concerns weighed on investor confidence. At around 02:35 a.m. ET, Dow futures slipped 30 points, indicating a negative open of more than 11 points. Futures on the S&P and Nasdaq were seen pointing in opposite directions. A rally in global stocks following a trade truce between the two world’s two
Pedestrians walk past automated teller machines (ATM) at a United Overseas Bank Ltd. (UOB) branch in the central business district (CBD) of Singapore. Ore Huiying | Bloomberg | Getty Images Singapore’s decision to issue new digital bank licenses to non-banking companies will adversely affect smaller banks in the sector, said ratings agency Moody’s. Last week,
Omar Marques | LightRocket | Getty Images Bitcoin plunged Tuesday below $10,000, cratering from a 17-month high hit just four sessions ago. The world’s most widely traded cryptocurrency dropped to a low of about $9,676 on Tuesday, a roughly $3,800 drop from its highs on Wednesday, according to Coindesk. Bitcoin started its free fall on
Al fresco dining, downtown St. Petersburg, Fla. Source: Visit Florida If you want to retire early, just setting and forgetting when it comes to your savings strategy won’t cut it. Just ask a new crop of investors dubbed “super savers.” These Americans, ages 45 and up, are putting away at least 20% of their income.
Part I of this post covered some troubling issues with Qualified plans and IRAs that arise with the arrival of SECURE Act, particularly as they apply to professionals and business owners. Since it’s been suggested that many professionals and business owners don’t retire in the conventional sense, this legislation poses some unique challenges to tax,
Several years ago hotelier Vasco Borges was investigating undeveloped land in the Turks and Caicos. As he cleared a path of the dense landscape with a machete he suddenly arrived at the end of a cliff. Borges discovered a beautiful new locale on the North Shore of Providenciales that he hadn’t seen before. The spot
Senator Cory Booker, a Democrat from New Jersey and 2020 presidential candidate, speaks during an Iowa Democratic Party Hall of Fame event in Cedar Rapids, Iowa, U.S., on Sunday, June 9, 2019. Iowa, the first-in-the nation caucus state, is hosting 19 presidential hopefuls this weekend for its annual Hall of Fame celebration, a fundraiser for
Wall Street is in love with financial technology plays and Facebook is the newest entrant in the space to keep an eye on, CNBC’s Jim Cramer said Tuesday. “Ever since Facebook rolled out the concept of Libra in a really boring white paper, it’s become the big cap stock to beat in this market. On
A visitor exits Symantec headquarters in Mountain View, Calif., Aug. 24, 2010. Tony Avelar | Bloomberg | Getty Images Symantec shares surged more than 20% in extended trading on Tuesday after Bloomberg reported that Broadcom is in advanced talks to acquire the security software vendor. Symantec has been plagued in recent years by management turmoil
White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, March 4, 2019. Leah Millis | Reuters U.S.-China trade talks may have restarted, but a potential deal is still a long way off, White
LWA/Dann Tardif/Blend Images | Getty Images Your dream home’s beautiful exterior might be hiding a horror show. Prospective homeowners might think they’ve covered their due diligence by reviewing local schools and crime statistics. Yet buyers will need to dig below the surface to find the real deal breakers, including shoddy construction and unreported property damage.
Photocredit: Rob Grabowski/Invision/AP Sometimes it’s a hard thing to swallow when you realize that a personal icon has failed to maintain the standards you set for them. Lance Armstrong, whose career I followed with admiration, conquered testicular cancer and went on to win the Tour de France seven times. He would go on to inspire
In the United States, Opportunity Zones (OZs) have provided developers with new possibilities. The race is now on to determine whether renewable energy developers can catch up to their real estate counterparts in utilizing this new tool. Opportunity Zones are defined as: “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential
The last time we will see Kawhi Leonard in a Raptors jersey. (AP Photo/Ben Margot) ASSOCIATED PRESS Since NBA free agency began this weekend, I have seen a lot of wishful Tweets and articles from Canadians on why Kawhi Leonard will resign in Toronto. I hate to be the bearer of bad news, but there
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Longtime activist investor and Pershing Square Capital Management chief Bill Ackman‘s win streak showed no signs of stopping halfway through 2019 as returns approached historical levels. The net asset value of Pershing Square Holdings, Ackman’s publicly traded vehicle, rose 45.3% in