If you’re young and get a windfall, here’s how to invest that money

For the remainder of the $20,000 earmarked for retirement, you could put it in a high-yielding savings account and make additional Roth contributions in future years using that money, Bera said. Or, you could open a brokerage account. In it, any earnings from an investment held longer than one year would be taxed at long-term […]

Continue Reading

DC gridlock is bullish for stocks, $3.5B money manager says

Sometimes, no movement is good movement. In the case of the government shutdown, money manager Larry Glazer believes it’s favorable for Wall Street — at least in the short term. His reasoning: It prevents lawmakers from passing policies that could be detrimental to corporate America. “Investors like less Washington, and they realize Washington isn’t always […]

Continue Reading

Ola Money Postpaid Expansion to Bring Monthly Billing Cycle, Payments for Other Services

Ola on Thursday announced it will “soon” be bringing its digital credit payment offering, Ola Money Postpaid, to all customers. The company expects the offering to be made available to over 150 million customers. To recall, Ola Money Postpaid was launched as a pilot in India last year, and the company claims that the credit […]

Continue Reading

The ‘smart money’ is buying this market comeback in force, classic indicator shows

For investors who are waiting for cues to buy and sell stocks, the so-called “smart money” is saying jump in, according to a classic indicator on Wall Street. Over the past 12 trading days, the S&P 500, on average, traded lower in the first hour, while it traded higher in the last hour of the […]

Continue Reading

Tesla is ahead of automakers in 3 key categories: Tech money manager

Tesla won’t have a presence at this year’s Detroit Auto Show but the electric-car maker is miles ahead of the competition in three key categories, ARK Invest founder and CEO Catherine Wood told CNBC on Monday. Traditional automakers have been making sizable investments into electrifying their vehicles, but Tesla is leading the industry in battery […]

Continue Reading

More Americans are pessimistic about money, and they blame Washington

The partial government shutdown began on Dec. 22. The political impasse has left 800,000 federal workers without pay. It now holds the record for the longest shutdown in U.S. history. Of those who think their finances will be worse, most blame political leaders, as indicated by 49 percent of respondents, followed by cost-of-living increases, more […]

Continue Reading

These budget tricks will help you make more of the money you have

You may plan to set aside money for recurring expenses that take a big chunk of your income, such as your mortgage or annual tuition bill for your children. But you might not always follow-up on those intentions. That is because there’s daily, weekly, bi-weekly, monthly and annual spending for which you have to plan. […]

Continue Reading

Some Alcatel Smartphones Came Pre-Installed With Malware That Charges Real Money to Users: Report

Alcatel is facing a user privacy crisis with these latest accusations. Privacy concerns are a matter of growing importance after the Cambridge Analytica scandal that broke last year. While many commentators have been raising these concerns for a long time, only now is action being taken. However, that doesn’t prevent people from trying, as is […]

Continue Reading

Knives Out Made More Money Than Fortnite and PUBG Mobile in 2018: Report

Knives Out is a battle royale game much like Fortnite and PUBG Mobile. According to a report from analytics firm Sensor Tower, Knives Out has generated more revenue on Android and iOS than either Epic Games’ or Tencent’s offerings. The report states that Knives Out creator NetEase has grossed $465 million worldwide versus Fortnite’s $455 […]

Continue Reading

How Netflix Could Eventually Stop Losing Money

While you spent the holidays streaming Bird Box, Black Mirror: Bandersnatch and/or re-watching The Office for the hundredth time, Netflix was playing out a corporate drama of its own-poaching Activision Blizzard Chief Financial Officer Spencer Neumann to be its new CFO. Just before the news emerged, Activision abruptly announced that it would fire Neumann, who had agreed […]

Continue Reading

5 money mistakes investors need to avoid in 2019

Tony Robbins, renown life and business strategist who has coached more than 50 million people, has dedicated himself to spreading personal finance literacy across America. And his mantra is timely: Don’t sit on the sidelines in fear or make rash decisions because of stock market volatility. As he points out: “The single biggest threat to […]

Continue Reading