Tag Archives: Money

We are often told we need to save as much as we can over 30 or 40 years of work to carry ourselves through retirement. But once we reach that milestone, how do we ensure those savings won’t run out before we die? It’s a question that challenges even the brightest financial minds. And while the industry has followed what’s known as the “4% rule” for decades now, some argue it’s not the simple solution its proponents believe it to be. Morningstar’s 2022 guide to retirement… Source link

‘Cash is still trash’ — Billionaire Ray Dalio says keeping money in a savings account is not safe. Here’s what he holds instead Some say cash is king. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, it may not be wise to keep too much of your investment money in cash these days. “Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” Dalio told CNBC last year. This week, when CNBC asked him about his… Source link

Mark Zuckerberg in his metaverse living room.Facebook Mark Zuckerberg told shareholders that creating the metaverse will bleed money for three to five years. The Meta CEO told the company’s annual meeting that some products wouldn’t be ready for 15 years. The Facebook owner spent $10 billion on the idea of an immersive virtual world in 2021 alone. Meta’s metaverse project will lose “significant” amounts of money over the next three to five years, CEO Mark Zuckerberg told shareholders on… Source link

Associated Press Hungary announces ‘state of danger’ over war in Ukraine Hungary has declared a legal “state of danger” in response to Russia’s war in neighboring Ukraine, the prime minister announced Tuesday, allowing the right-wing nationalist government to take special measures without the participation of the legislature. In a video on social media, Prime Minister Viktor Orban said that the war in Ukraine represents “a constant threat to Hungary” which was “putting our physical… Source link

The market is in full panic mode. The S&P 500 is down 18% year to date. The Nasdaq is down a staggering 27%. And even the Dow Jones — made up of the 30 most prominent publicly-traded companies — is in correction territory. According to Bank of America, there’s one thing that might save the stock market in 2022: money that corporations can return to shareholders. “The best hope for 2022 bulls lies in the ability of investors to dislodge the $7.1 trillion in idle U.S. corporate cash,”… Source link

(Bloomberg) — It’s ending as fast as it began for retail day traders, whose crowd-sourced daring was the pre-eminent story of pandemic equities. Most Read from Bloomberg Nursing losses in 2022 that are worse than the rest of the market’s, amateur investors who jumped in when the lockdown began have now given back all of their once-prodigious gains, according to an estimate by Morgan Stanley. The calculation is based on trades placed by new entrants since the start of 2020 and uses… Source link

(Bloomberg) — The global shift away from easy money is poised to accelerate as a pandemic bond-buying blitz by central banks swings into reverse, threatening another shock to the world’s economies and financial markets. Most Read from Bloomberg Bloomberg Economics estimates that policy makers in the Group of Seven countries will shrink their balance sheets by about $410 billion in the remainder of 2022. It’s a stark turnaround from last year, when they added $2.8 trillion — taking the… Source link

Chris Pronger made nearly $114 million in salary over the course of his 18-year NHL career. (Photo by Dave Sandford/NHLI via Getty Images) Transitioning to the second phase of life when your playing career wraps up is one of the toughest things for professional athletes, and former Hart Trophy winner Chris Pronger wanted to share his expertise with the world. Pronger, an 18-year NHL veteran who made nearly $114M over his career, broke down what the take-home pay would be on a five-year… Source link

(Bloomberg) — Milwaukee Bucks superstar Giannis Antetokounmpo had more banks than letters in his name before Avenue Capital Group founder Marc Lasry stepped in. Most Read from Bloomberg The National Basketball Association’s two-time most-valuable player had accounts open at 50 different banks, with each of them holding up to the Federal Deposit Insurance Corp. coverage limit. That shocked Lasry, who co-owns the Milwaukee team. “I spend a lot of time with them explaining where they should… Source link

If you are willing to be flexible, a decent deal on an airline ticket could be had for this spring and summer. “I know everyone is on the deal hunt. So I would suggest looking at your Tuesdays and Saturdays. If you can be flexible, there are opportunities to travel for cheap,” said MKM Partners airline analyst Conor Cunningham on Yahoo Finance Live. Higher prices for airfare are currently the norm, however. Domestic airlines are seen increasing fares by 7% on average each month until June,… Source link