Fund investors continue retreat from U.S. stocks

FILE PHOTO: Street signs for Broad St. and Wall St. are seen outside of the New York Stock Exchange (NYSE) in New York, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Investors pulled approximately $3.4 billion out of mutual funds and exchange traded funds that hold U.S. equities last week, extending the […]

Equities back in favor for sovereign investors in third quarter

LONDON (Reuters) – Sovereign wealth funds regained their appetite for equities in the third quarter, piling into passively managed stocks in the United States and equities in mainland China and elsewhere, according to eVestment data. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 13, […]

Sustainable investors face squeeze as larger firms move in

COLORADO SPRINGS, Colo. (Reuters) – Specialized fund managers who pioneered green investing for decades are missing out on some of the spoils as the sector goes mainstream and large firms move in. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 18, 2019. REUTERS/Brendan McDermid […]

Your Money: How to up your bond game with ETFs

NEW YORK (Reuters) – Most people’s basic knowledge of investing is that their portfolio should be a mix of stocks and bonds. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 3, 2019. REUTERS/Andrew Kelly/File Photo That is usually enough to get by […]

Help! Renting a Vehicle Through Europcar Drove Me Crazy!

When we first solicited reader stories of travel disasters, we immediately received four individual emails concerning Europcar, the rental car company that operates in 140 countries. Although anyone renting a car from any rental company on Earth might find themselves in the situations below, we felt that strength in numbers might be valuable here, so […]

FAFSA Says How Much You Can Pay for College. It’s Often Wrong.

Like millions of other parents, Julie Phipps filled out the federal form last November that determined her college-bound daughter was eligible for financial aid. She also learned how much the federal government figured her family could contribute to the bill: $14,000. That figure, known as the expected family contribution, was generated immediately after she completed […]

Average Start for 529 College Savings (Age 7) Is Costly, Study Finds

Many families wait too long to open 529 college savings accounts, which means they miss out on the maximum benefits from the accounts, a new analysis finds. On average, 529 accounts are opened for children who are just over 7 years old, the investment research company Morningstar found in its annual analysis of the state-sponsored […]

Raise Billions From Billionaires? Tax Experts Say It’s Not That Simple

One of the signature initiatives of Elizabeth Warren’s presidential campaign is a wealth tax that, she says, would pay for many of the programs she proposes, like government-paid health care and free college tuition. Bernie Sanders, one of her opponents in the Democratic race, has proposed his own version of a wealth tax that would […]

How to make the most of a zero-commission world

NEW YORK (Reuters) – How interested are people in trading stocks for free? A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 3, 2019. REUTERS/Andrew Kelly Very. In early October, after TD Ameritrade announced it was switching to zero commissions from $6.95 on most […]

Make the Most of Your Credit Card Rewards for Gift Season

Your credit card bills may not inspire visions of holiday cheer — but the good news is, your credit card spending has likely earned you at least a small trove of points, miles, or cash back. According to the Consumer Financial Protection Bureau’s latest Consumer Credit Card Market report (PDF), more than 80 percent of […]

Billionaires' wealth falls for first time since 2015

ZURICH (Reuters) – The world’s richest people became a little less well off last year, according to a report by UBS (UBSG.S) and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015. Billionaires’ wealth fell by 4.3% globally to $8.5 trillion last year, the UBS/PwC […]

U.S. company directors compensated more than ever, but now risk backlash

BOSTON (Reuters) – It’s nice work if you can get it. Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks while Bill Gates looks on at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, […]

A New Generation Stakes Out a New Path for Charitable Giving

This week, the Huntsman family — one of the most philanthropic in the United States — made a $150 million gift to the University of Utah to establish the Huntsman Mental Health Institute. The gift was a continuation of the large-scale charitable giving by the family’s patriarch, the billionaire industrialist Jon Huntsman Sr., who died […]

Mastercard to Offer Cards Aimed at Transgender and Nonbinary People

For transgender and nonbinary people, paying with a plastic card bearing a name that conflicts with their appearance can be stressful. The disconnect may provoke suspicion or hostility, advocates say, turning a simple shopping trip into a minefield. But soon, cards issued by some banks on the Mastercard network will let customers use their chosen […]

Culture change is the cutting edge of mental health benefits at work

NEW YORK (Reuters) – When Hartmut Braune comes to work in security communications at SAP, he never knows what emergency will land in his inbox. FILE PHOTO: People walk at an office building at a business district in Tokyo, Japan, February 29, 2016. REUTERS/Yuya Shino/File Photo It is a challenging job, compounded by the fact […]

Five new life lessons from Charles Schwab

(The writer is a Reuters contributor; the opinions expressed are his own.) FILE PHOTO: Founder and Chairman of the Charles Schwab Corp, Charles Schwab, watches play on the 14th green during the first round of the Pebble Beach National Pro-Am golf tournament at the Monterey Peninsula Country Club course in Pebble Beach, California, February 6, […]

How to Talk About the Family Money

Sibling relationships can be a delicate dance, and when money gets tossed into the equation, they can get prickly. For Thomas Lloyd, 43, and his brother Stacy B. Lloyd IV, 42, it has been a journey that began with long-ago favoritism by their grandmother Rachel Mellon of Upperville, Va., (known as Bunny) who was married […]

The 100-Year Family: Here Are Some Tips for Becoming One

Dennis Jaffe, a sociologist by training, has spent years trying to figure out the answer to a pressing question: what makes a hundred-year family? The question attempts to confront an adage that exists in many cultures and languages and is often attributed to Andrew Carnegie: “Shirt sleeves to shirt sleeves in three generations.” It refers […]

Dede Wilsey Asks the New Rich, ‘Why Don’t You Give Back?’

Sitting in the elegant sunroom of her Pacific Heights mansion with a view of the Golden Gate Bridge, the San Francisco socialite and philanthropist Dede Wilsey might seem an unlikely person to criticize the world of extraordinary wealth. “No civilization has survived where there is only rich and poor,” Ms. Wilsey said. She is being […]

Don’t Save Too Little, or Too Much

When Mike Maslowski has trouble sleeping, he cracks open a beer in his Wenonah, N.J., living room, watches old movies and does not worry about it. “I don’t have to be anywhere at 8 a.m.,” said the 61-year-old retiree, who worked for 30 years as an ad salesman for the Philadelphia Inquirer and Daily News. […]

How to (Gently) Help Your Aging Parents Manage Their Money

When Reagan Alonso, a semiretired nurse living in Jacksonville, Fla., first gently offered to help her aging mother with her finances, she encountered resistance. Her mother, now 88, was born in Ohio, and “being from the Midwest and of that generation, we’re very much, ‘you don’t talk about money,’” Ms. Alonso, 60, said. “When it […]

Thinking About Giving Money to Adult Children? Think Again

When Thomas Gilbert Jr. received a 30-year sentence in September for killing his father over a money dispute, it ended a four-year-long case that sent a chilling warning to any parent who ever considered giving money to an adult child. Mr. Gilbert, the son of a Manhattan hedge fund manager, was raised with a silver-spoon […]

When It Comes to Money, Silence Is Rarely Golden

Silence was breaking Charlotte Lamp’s family apart. Not only was it hurting the personal relationships among the hundred-plus members, it was threatening the financial engine of the family, which made its billion-dollar fortune in the international timber industry. After nearly a century together, the family, largely descendants and relatives of the brothers who founded the […]

Wait a Minute. How Can They Afford That When I Can’t?

I’ve done it and you probably have, too: looked at a neighbor or friend who seemed to be in roughly the same financial bracket and wondered, “How do they do it?” How do they afford the elaborate remodel and the luxury vacations they’re bragging about on their Instagram accounts and the private school tuition? The […]

How to Make Sure Your Assets Don’t Go Unclaimed

Over the course of a lifetime, many people accumulate assets that their loved ones might not know about, including banks accounts, retirement funds, insurance claims and Treasury bonds. No government agency tracks the value of all unclaimed assets throughout the country, but independent estimates say the number might run as high as $80 billion. Here […]

Record highs not enough to lure fund investors to U.S. stocks

NEW YORK (Reuters) – U.S. investors last week pulled $4.1 billion from mutual funds and exchange-traded funds that hold domestic stocks, extending a pullback from the U.S. equities market that has now lasted for five of the last six weeks, according to data released Wednesday by the Investment Company Institute. The withdrawals came during a […]

Beyond windmills, Epoch's Van Valen looks for grid improvements

NEW YORK (Reuters) – At a time when U.S. utilities face pressure to rely more on renewable energy, a well-known investor in the space said it is equally important to judge companies by their spending on less glamorous areas like power lines and grid reliability. Kera Van Valen, managing director and portfolio manager at Epoch […]

Starved for income? Hungry investors hunt dividend ETFs

NEW YORK(Reuters) – Rock-bottom interest rates may be great for lots of people – but not for savers. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 31, 2019. REUTERS/Brendan McDermid With a brand-new quarter-point rate cut from the Federal Reserve and ten-year government […]

Tips for College Graduates Making Their First Loan Payments

November is not only the start of the holiday season, it’s also the time when many recent college graduates must start paying down their student loans. Student borrowers typically get a six-month grace period after graduating from college. For students who earned their diplomas in the spring, that means monthly loan payments start in November […]

As the Economy Slows, Which Investment Strategy Is Right for You?

This was a week of contradictions for investors looking to divine the future in the stock market. On Monday, the S&P 500 closed at a record high; the index is up some 20 percent for the year. But by Wednesday morning, the S&P was sinking after the Commerce Department reported that the economy grew at […]

Wealth gap among retired Americans worsens despite a growing economy

(The opinions expressed here are those of the author, a columnist for Reuters.) Passengers await a cable car near Union Square in San Francisco, California, June 22, 2015. REUTERS/Robert Galbraith By Mark Miller CHICAGO (Reuters) – The current record-high level of income inequality in the United States affects all segments of society, but two new […]

It Will Take More Than Lower Mortgage Rates for a Housing Rally

The Federal Reserve is hoping that its latest interest-rate cut will help keep the economy safely at cruising altitude. But don’t expect it to provide much of a lift to the housing market. Housing is one of the pathways by which Fed policy produces results. When the central bank cuts interest rates, it encourages people […]

Tired, Hot or Hungry? We Found the Apps for You

Mobile travel apps, particularly those for “experiences,” are proliferating these days. Just a few searches and the tap-tap-tapping of credit card numbers into your cellphone seem to yield whatever you want, whenever and wherever you want it. But do they deliver? I tested several apps (and one mobile-friendly website) over the past few months that […]

AT&T to add directors, sell up to $10 billion in assets next year

(Reuters) – AT&T Inc on Monday unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year, paying off all its debt from the purchase of Time Warner and adding two new board members, bowing to pressure from activist investor Elliott Management. The second-largest U.S. wireless phone carrier by […]

Ken Fisher says no lay-offs despite withdrawals over his remarks

FILE PHOTO: Columnist and Investor Ken Fisher speaks to Reuters in New York, April 14, 2010. REUTERS/Brendan McDermid/File Photo BOSTON (Reuters) – Fisher Investments founder Ken Fisher said there will be no lay-offs at his Washington state investment firm despite some $3 billion in withdrawals by pension funds and others over allegedly sexist remarks he […]

Profit From Art Isn’t Dirty. It Means: Make More Art.

If you are lucky enough to create art that people are willing to pay for, I have a concept to share that had an enormous impact on me: Profit equals permission. People in the artistic community sometimes see money as somehow dirty. The art should be its own reward, the thinking goes. Marketing, spreadsheets, cash […]

If You Can See It, You Can Save It (That’s the Idea, Anyway)

Picture this: You are in the country, on a trip through a pleasantly green, rolling landscape dotted with trees. It has a slightly dreamlike quality. But this is no dream. It’s a visualization of your financial life, in which you work to save for a retirement you hope will come one day. And there are […]

Goldman Sachs will drop Fisher Investments unit from fund

The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid BOSTON (Reuters) – Goldman Sachs Group Inc became the latest institution to drop Fisher Investments as a money manager after allegations that firm founder Ken […]

Even in Strong Economy, Most Families Don’t Have Enough Emergency Savings

Six weeks of take-home pay. That’s how much cash families should aim to set aside to ride out gyrations in their income and expenses, a new analysis from JPMorgan Chase’s research arm finds. The recommendation, based on an analysis of millions of Chase checking accounts, is considerably less than the traditional rule of thumb of […]

Despite robot efficiency, human skills still matter at work

NEW YORK (Reuters) – Artificial intelligence is approaching critical mass at the office, but humans are still likely to be necessary, according to a new study by executive development firm, Future Workplace, in partnership with Oracle. FILE PHOTO: In this file photo, a robotic bartender prepares drinks in Karlovy Lazne Music Club in Prague, Czech […]

After Ken Fisher no-show, LA pension system terminates his firm

BOSTON (Reuters) – The Los Angeles fire and police pension system voted to terminate Fisher Investments on Thursday over allegedly sexist comments made by founder Ken Fisher earlier this month. Five of the system’s nine commissioners voted during a webcast meeting to remove the $511 million the system had under management with the firm, of […]

U.S. stock funds post near $4 billion outflow: Lipper

(Reuters) – U.S. equity funds shed $3.98 billion in the week ended Wednesday, according to data released by Lipper on Thursday. U.S.-based taxable bond funds attracted $6.3 billion, the eleventh straight weekly inflow, while U.S. money market funds attracted $17.7 billion, the Lipper data showed. Reporting by Alden Bentley; Editing by Chris Reese Our Standards:The […]

Third Point confirms EssilorLuxottica stake, still talking with Sony: letter

FILE PHOTO: Daniel S. Loeb, founder of Third Point LLC, participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las Vegas, Nevada May 9, 2012. REUTERS/Steve Marcus/File Photo BOSTON (Reuters) – Billionaire investor Daniel Loeb said on Thursday his hedge fund owns a $700 million stake in Ray-Ban maker EssilorLuxottica SA and […]

Vinik to shut down hedge fund, says raising cash 'much harder' than expected

BOSTON (Reuters) – Money manager Jeffrey Vinik said on Wednesday he was shutting down his stock-picking hedge fund, citing unexpected difficulties raising cash for the decision to end a much-hyped but short-lived relaunch of his asset management firm. “Simply put, it has been much harder to raise money over the last several months than I […]

U.S. money market assets increased in latest week: iMoneyNet

NEW YORK, Oct 23 (Reuters) – U.S. money market fund assets increased by $18.00 billion to $3.437 trillion in the week ended Oct 22, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $16.62 billion to $3.298 trillion, while tax-free assets increased by $1.37 billion to $138.56 billion, according to […]