Tax day is almost here, and, thanks to higher interest rates, many investors are finding they earned a lot more income from their portfolios in 2023—and now they owe the government a piece of it. “That’s a good thing,” says Mary Ellen Stanek, co-chief investment officer at Baird Asset Management. “But it means investors need
Barclays is preparing a fresh wave of job cuts that will affect hundreds of employees within its investment bank, according to reports. The UK lender, which unveiled a strategy revamp in February in a bid to boost returns and cut costs, will strip out hundreds of roles across investment banking, research and markets, Bloomberg reported.
How are financial advisors feeling about Bitcoin these days? In years past, many have expressed deep skepticism, citing price volatility, regulatory uncertainties, and even cryptocurrencies’ use in criminal activities. While plenty of doubts remain, the landscape has changed. In January, the Securities and Exchange Commission approved 11 spot Bitcoin ETFs. Two of the biggest, BlackRock’s
MicroStockHub / iStock.com Cryptocurrency has been on the investing scene for a while, since the release of Bitcoin in 2009. Bitcoin is still the most popular cryptocurrency, and its name has become somewhat synonymous with cryptocurrency. But there are many other cryptocurrencies — over 9,000 at last count. Since the advent of Bitcoin, investing in
Hetty Green isn’t a name you hear a lot these days—but it should be. The whaling heiress turned investing guru was making millions and dishing out sage advice on Wall Street decades before the man known as the greatest investor of our era, Warren Buffett, was even born. And when Benjamin Graham, Buffett’s hero and
David Gyung / Getty Images/iStockphoto Young Americans feel the FOMO (fear of missing out) as they eye homeownership in a market where steeper mortgage rates are becoming the norm. For Gen Zers weary of the relentless rental cycle, the appeal of owning real estate outweighs the financial obstacles. Owning a home not only displays financial
Figuring out how much you can safely spend each year is an especially fraught question for retirees worried about outliving their savings. Life span and health status are variables no one can plan for. Despite saving consistently and investing diligently over a lifetime, retiring into a market downturn or unexpectedly needing expensive medical treatment can
Coinbase , one of the hottest stocks of the past year, still has room to run, according to some analysts. The trading platform’s shares continue to ride the wave of enthusiasm over financial advisors and institutions’ growing adoption of Bitcoin and other cryptocurrencies. Coinbase Global stock has been one of the top performers of the
The Fed’s High Interest Rates Are Helping Pension Funds Close the Gap
This is commentary by Allan Sloan, an independent business journalist and seven-time winner of the Loeb Award, business journalism’s highest honor. We hear lots of talk about the problems that high interest rates have been causing since the Federal Reserve began jacking up rates two years ago. We also hear endless talk from people waiting