Month: June 2019

Actor/producer Brad Pitt accepts the PGA Visionary Award during the 26th Annual Producers Guild Of America Awards last January in Los Angeles. Getty Images Hollywood star Brad Pitt, Steve Job’s widow Laurene Powell Jobs and UK-based stock-picker Neil Woodford are all reportedly investing in a little known “cold fusion company,” the Financial Times said on
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Sandra Payne, owner of Denver Concrete Vibrator. CNBC Sandra Payne said she held out for as long as possible before raising her prices. The owner of Denver Concrete Vibrator, which manufactures equipment that strengthens and settles concrete for infrastructure projects, said tariffs finally took a toll on her business. Raising prices modestly became necessary to
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“Don’t go into the horse breeding business”  That is good advice.  You might modify it to something like “ Go into horse breeding to follow your bliss, but don’t expect to make money at it .  The way to make a small fortune in the horse breeding business is to start with a large fortune”
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Hock Tan, chief executive officer of Broadcom Martin H. Simon | Bloomberg | Getty Images Shares of chipmaker Broadcom fell more than 8% on Thursday after the company reported lower-than-expected revenue for the second quarter of its 2019 fiscal year, which ended on May 5, and cut its revenue guidance. Here are the key numbers
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Will you be able to retire safely under the SECURE Act? expatica.com My previous post introduced the potential consequences of the SECURE Act, which is being promoted as an “enhancement” for IRA and retirement plan owners.  This is because it includes provisions allowing some workers to make higher contributions to their workplace retirement plans. I
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Once an investor acquires a few single-family residential properties, the management of each property can become a full-time job, with plenty of overtime. Running between properties to coordinate maintenance and completing administrative tasks can take its toll. This was the situation I found myself in while living in Vancouver, Canada, eight years ago. After consulting
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The men’s assormtment on the inside of a Lululemon store. Source: Lululemon Lululemon on Wednesday reported first-quarter earnings and sales that outpaced analyst estimates, sending shares up nearly 3% in after-hours trading.  Here’s what the retailer reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share:
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Democratic presidential candidate Elizabeth Warren gestures as she speaks during a campaign stop at George Mason University in Fairfax, Virginia on May 16, 2019. Mandel Ngan | AFP | Getty Images Democratic presidential candidate Elizabeth Warren isn’t waiting for the election to push forward her proposal to erase the majority of the country’s outstanding student
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Regular readers will recall that back in the fall I wrote a series of articles digging into the insolvency crisis threatening many union-sponsored multi-employer pension plans as well as the multi-employer fund of the PBGC, the Pension Benefit Guaranty Corporation.  The long and short of it is that both the multi-employer PBGC fund and certain
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