Recent stock market volatility has created consternation and panic among many investors. After a decade of historically unprecedented low-interest rates that helped fuel the 10-year rising market, rates are now rising, throwing a cog in the wheel of investors’ previously sound and time-tested investment strategies. The new reality? For investors, the good times of cheap […]
The world’s third-richest person and most influential investor of all time Warren Buffett is clearly someone you want to take advice from. He runs one of the most successful investment companies in the world, Berkshire Hathaway, yet remains one of the most humble and relatable billionaires across the globe. His net worth is currently $84 […]
The hedge fund investor presiding over the long, slow decline of historic U.S. retailer Sears now wants to buy Kenmore, the company’s house brand appliance maker. ESL Investments, the hedge fund led by Sears Holdings CEO Eddie Lampert, has announced bid to buy the Kenmore brand, Sears’ Home Improvement business, and its PartsDirect division. There are […]
It’s a great time to be a home seller in 2018, though buyers are surely crying. Steady demand and limited supply is pushing real estate prices ever higher. Home prices are up 6.7% from their peak in July 2006 and have been rising steadily over the past six years. Property prices in Seattle, Las Vegas […]
The threat of a trade war and the continued growth of the global market have helped the long sluggish asset class of commodities. Experts within the field see the trend continuing, even starting what traders call a “supercycle” of long-term price increases. “Long-term when you look at the global picture, it sets itself up for […]
Rising interest rates suggest that investors will drop stocks and instead buy bonds, according to one prominent investor. Veteran investor Jack Albin suggests that a forceful market shift is in the works in favor of bonds. Albin is chief investment officer at Cresset. Albin’s reasoning is that 10-year Treasury yield is around 3%, headed toward its […]
The optimism Republicans expected voters to feel from the huge Trump tax cut package has quickly turned sour. In the latest Gallup poll, 48% of respondents said they disapprove of the tax cuts; only 39% approve. Experts are baffled, given that the cuts have increased the take home pay for approximately two-thirds of workers. There are […]
President Donald Trump fired off a tweet on this week taking oil cartel OPEC head on over rising energy prices. U.S. gasoline prices are at $2.77 on average and well above $3 a gallon on the West Coast. “Looks like OPEC is at it again. With record amounts of Oil all over the place, including […]
According to new statistics, one in five home borrowers use more than 45% of their monthly income to pay off a mortgage. CoreLogic, a mortgage data tracking company, revealed the research in a recent Wall Street Journal report. These levels of mortgage debt haven’t been seen by financial experts since the housing crisis of the […]
Marijuana decriminalization just got a big push from one of the leading voices in the Senate. On Friday, the unofficial marijuana holiday 4/20, Democratic Minority Leader Chuck Schumer unveiled a plan to decriminalize marijuana on the federal level. Schumer, of New York, joins a growing chorus of the public and voters who believe that marijuana […]
