By ERIN MCCARTHY
For many investors, trusts are an ideal way to keep portfolios safer for the long term.
The hard part is knowing what kind of trusts to set up and how to do it.
From CNBC.com – Thursday, 30 Oct 2014 | 6:10 AM ET
Karen Firestone, Aureus Asset Management CEO, and Sarat Sethi, Douglas C. Lane & Associates, discuss how the Fed’s tapering program is likely to impact the markets and the next move on interest rates.
Delivery Start-Ups Are Back Like It’s 1999
During the internet boom, it seemed as though you could have anything delivered to your door via whatever tech-company was the flavor of the week. Wine, groceries, etc. were available for the first time at the press of the button, without having to leave your house. When things seemed too good to be true, it quickly became apparent that they were. Those luxuries were the beginning of the end, and the bubble popped. With the advent of the smart phone and the proliferation of the internet, these small but fast growing tech start ups are now able to take advantage of sophisticated algorythims and vast networks to gain traction. While they may not be pulling in proift hand over fist, the focus is on growth and sticking power. Are things different this time around, or are we witnissing the rapid rise and fall of the tech industry once again?
Read the article here…
https://www.nytimes.com/2014/08/24/magazine/delivery-start-ups-are-back-like-its-1999.html?src=me
US Retirment Savings Are At An All-Time High
According to a study by Fidelity, average contributions to retirment accounts are at an all time high. Up 4.7% from 2012, Americans hold an average of $89,100 in the IRAs, up 10% year over year. Contributions are up across all age groups, and more than ever people are putting savings into IRA’s as an alternative to the traditional 401K. Perhaps the affect of witnessing one of the worst economic stretches in recent history, but certainly a postive trend.
The Hidden Cost of Trading Stocks
The price of the stock and the cost of trade are virtually never the same. There are comissions, brokerage fees, bid/ask spreads, etc. There are simple and straight forward explantions for most the extra costs incurred during a trade, but there is also a side of trading that isn’t always explained or understood. The extra costs brought on by high speed trading, dark pools, insider trading, and so on aren’t always a line item on a trade ticket, but they certainly have a very large influence on the price of a stock, which inevitably flows through to the cost of a trade.
Business Roundtable: CEOs See More Hiring But Less Capital Investment
The first half of 2014 saw a modest increase in both sales and job growth. There is a noted corralation between capital investment and employment growth, but business leaders are starting to point to ambiguity in the future of the tax code as a reason for muted growth in the second half of this year.
Japan’s Third-Largest Pension Fund Cautious on Change
Recently there have been discussions about the possible shift in allocation for Japan’s largest pensions funds into domestic stocks. Although the funds would still be risk averse, the buzz around the idea sent Japan’s domestic stock prices soaring.
Fed Sees No Inflation Risk in Stimulus Policies
Policy makers at the Federal Reserve have begun discussions regarding the Reserve’s exit from monetary easing and stimulus as economic indicators began to trend towards their targets. One of the concerns of using economic stimulus to push unemployment lower is the risk of a spike in inflation, during their most recent meeting, Fed policy makers came to the conclusion that early communication of any exit strategy would give markets time to digest the news and would provide clarity and credibility to the plan.
Read the article here… https://www.bloomberg.com/news/2014-05-21/fed-sees-no-inflation-risk-in-stimulus-to-push-down-unemployment.html
Searching for Yield, at Almost Any Price
“Giffen goods, named after Sir Robert Giffen, a 19th-century Scottish statistician and economist who discovered they could exist, defy the normal law of supply and demand. Raise the price, and people will buy more.“
If Pfizer Avoids U.S. Taxes By Buying AstraZeneca, Will Congress Be Forced To Act?
Corporate tax inversion is a process in which a large U.S. company re-incorporates itself overseas in order to reduce the tax burden on income earned aborad. Currently U.S. law allows companies to reincorporate to another country if 20% of their shares are transferred overseas. The move is seen by some as a tax dodge, and by others as a way to circumvent an unfavorable U.S. corporate tax rate. While tax inversion is beneficial for the parties involved in the deal, the government doesn’t like the idea of all that cash being held outside of the country, untaxed. There has been a debate about the best solution to the problem – should the corporate tax rate be lowered to encourage overseas profits to be repatriated, or should the government raise the 20% threshold to make tax inversion unattractive?
Read the article here…
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