NEW YORK (Reuters) – As any exasperated parent will tell you, most teenagers are obsessed with highly superficial fare: TV, clothing, trips to the mall or the latest smartphone app.
Rachel Fox isn’t most teenagers.
The 17-year-old actress made 338 stock trades last year, earning 30.4 percent gains and clobbering the S&P 500. She peppers her conversation with phrases like “covered calls,” “shorts” and “double tops.”
NEW YORK (Reuters) – Here is a worrisome thought for all the analytical investors out there: What if all this time, you have been looking at the wrong numbers?
Consider this: When you are mulling over whether to buy a stock, you are likely to look at the price-earnings ratio, a common metric for valuing companies. A low P/E suggests that a stock is relatively cheap; a high one suggests it is richly priced.
NEW YORK (Reuters) – At this time last year, Graham Bodel was analyzing equities for Credit Suisse in Manhattan.
This year, his days look a little different. In recent weeks he has been walking along the banks of the Seine River with his wife, Alexa, and their two children, and strolling through the Jardin du Luxembourg or the Musee d’Orsay.
NEW YORK, Aug 16 (Reuters) – In the world of dating, there
is one common assumption: That a fancy car, a pricey dress, and
a willingness to splurge are all things that will help you
impress and snare your ideal partner.
“You would think that spending would be more attractive,
because things like flashy watches or purses are so visible,”
says Jenny Olson, a PhD candidate at the University of
Michigan’s Ross School of Business and co-author of the working
paper, “A Penny Saved is a Partner Earned: The Romantic Appeal
NEW YORK (Reuters) – They may be Masters of the Universe now – but they weren’t then.
In fact, many of the nation’s foremost financial minds had distinctly humble beginnings. Berkshire Hathaway’s Warren Buffett, for instance, wasn’t always the famed Oracle of Omaha. Once he was a fresh-faced delivery boy, tossing newspapers into people’s front yards.
NEW YORK (Reuters) – The scary movie “The Conjuring” may be a winner at the box office this summer, but on Wall Street the real horror show is the gold mining sector.
And the numbers have been as grisly as any low-budget slasher flick.
The Market Vectors Gold Miners ETF stands below $27, producing a year-to-date slump of more than 40 percent. Major producers like Barrick Gold Corp and Newmont Mining Corp sputter near 52-week lows, and the sector’s average price-earnings ratio – a common measure of valuing stocks – is about 75 percent below its 10-year average, according to London-based ETF Securities.
NEW YORK, July 29 (Reuters) – Think of the successful Wall
Street investor, and you are likely to envision a hard-charging,
aggressive, Type-A personality – someone who can carry on
multiple conversations, keep an eye on four computer screens,
yell over the trading din and watch CNBC all at the same time.
What if you have all that wrong? What if it is the quiet
person in the back of the room, and not an extrovert like Gordon
Gekko from “Wall Street”, who is the superior investor?
NEW YORK, July 26 (Reuters) – Anchorage, Alaska, teen Grace
Bolt isn’t spending her summer lolling at the pool or in front
of a video game controller – she’s juggling a variety of jobs
and cashing a variety of paychecks.
The 16-year-old works at her family’s two United Parcel
Service stores, does filing at a medical billing office,
and will be a food vendor at the Alaska State Fair starting in
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.