NEW YORK, July 17 (Reuters) – Sallie Krawcheck may be one of
the most powerful women in American finance, but the former head
of Citigroup and Bank of America’s wealth management businesses
hates doing her own financial plan. Like, really hates it.
“Everything else in life is more interesting than doing a
financial plan,” Krawcheck, 48, told Reuters. “On my own, I
would never do it, ever. For instance, I would never have that
awkward conversation with my spouse about what happens when one
of us dies. I would live to 457 years old before that would
NEW YORK, July 9 (Reuters) – After the financial crisis of
2008 hit their stock portfolio hard, Colorado Springs
information technology contractor Mark Brisley and his wife Evie
Petrikkou were worried.
Casting about for a way to make up big losses, the two hit
upon a strategy often considered the purview of Wall Street
insiders: They could trade options.
NEW YORK, July 1 (Reuters) – In the debate over growing
student debt, there has always been one mitigating factor:
Borrowers tend to be fairly young and there is plenty of time to
pay off what they owe.
So what about those who are not so young?
This is a mounting concern. Those 60 and older now owe $43
billion in student loan debt, according to data from the Federal
Reserve Bank of New York, a new record for that age group.
NEW YORK (Reuters) – When Juliann Reynolds’ husband died of cancer in 1992, she had to decide how to plan her own estate.
The now-retired speech therapist from Rancho Cucamonga, California, knew she had to safeguard the future of her young daughter, Maren. Still, the possibility that her daughter might receive a large chunk of money when she reached the age of consent on her 18th birthday was worrisome, says Reynolds, who is now 65.
NEW YORK (Reuters) – For some people, overspending might mean ordering the lobster or splurging on an extra pair of shoes at Macy’s.
For Julie Fast it’s different. The Portland, Oregon, author woke up one day and decided to go on a trip to China. She obtained a visa, hopped on a flight, enrolled in language school and was conversing in Mandarin within weeks. Along the way, she blew through around $10,000.
NEW YORK (Reuters) – When Theresa Tufaro started running back in her college days, she thought she was taking up one of the cheapest hobbies ever.
“In theory all you need is some workout clothes and a pair of sneakers,” says the 32-year-old, who works as a marketing manager for publisher Scholastic in New York City. “I didn’t quite realize what I was getting into.”
NEW YORK (Reuters) – In the annals of Hollywood, Wall Street has not been treated very kindly.
From “Wall Street” to “Boiler Room”, “Trading Places” to “American Psycho”, the halls of finance are usually portrayed as places of shiny excesses and dark hearts.
NEW YORK (Reuters) – In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets.
By that definition, Dan Prescher is a sophisticated arbitrageur. The 58-year-old makes a decent living as a special projects editor for International Living magazine. But by residing in the village of Cotacachi in the Ecuadorian Andes, he has leveraged his income into a better lifestyle than he would ever enjoy stateside.
NEW YORK, May 17 (Reuters) – In the financial world,
arbitrage is a trading strategy that earns profit by exploiting
price differences between markets.
By that definition, Dan Prescher is a sophisticated
arbitrageur. The 58-year-old makes a decent living as a special
projects editor for International Living magazine. But by
residing in the village of Cotacachi in the Ecuadorian Andes, he
has leveraged his income into a better lifestyle than he would
ever enjoy stateside.
NEW YORK, May 3 (Reuters) – If there is a stock market
superhero these days, it is the humble dividend.
The companies in the Standard & Poor’s 500 Index
doled out a record $281.5 billion in dividends in 2012, and
payouts in 2013 are slated to rise even higher.