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Jun 25, 2013

More heirs wait as wills dole out money slowly

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.

Jun 19, 2013

When bipolar disorder leads to extreme shopping

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.

May 30, 2013

Cutting the costs of running, tips for road warriors

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.”

May 23, 2013

Wall St. on the silver screen: Pros pick top movies

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.

May 17, 2013

How to see the world and ‘arbitrage’ your retirement

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.

May 17, 2013

YOUR MONEY: How to see the world and ‘arbitrage’ your retirement

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.

May 3, 2013

Payout pitfalls: The secret number behind your dividends

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.

Apr 30, 2013

If (Going to) Weddings costs too much: Meet the refuseniks

NEW YORK (Reuters) – If you were thinking of inviting Marissa Anwar to your wedding, you might want to save the postage. She is not interested.

Nothing personal. It is just that the 29-year-old operations consultant from Waterloo, Ontario, is tapped out. Last year she attended six weddings — some of which actually had two ceremonies, because of different faiths involved — and was a bridesmaid three separate times.

Apr 18, 2013

The new rules of house flipping

NEW YORK, April 18 (Reuters) – When the housing market went
bust, house flippers went into hibernation. Now, as the recovery
creeps along, bargain-hunters are once again looking for homes
to fix up and resell for a quick profit.

Just take a look at the numbers. Home values are on the
rise, with a year-over-year price increase of 11.6 percent,
according to the National Association of Realtors. Inventory has
cratered to levels not seen since 2005.

Apr 11, 2013

U.S. insider stock sales send up red flag for investors

NEW YORK, April 11 (Reuters) – With the Dow hitting so many
fresh highs of late, some investors may be dusting off the 1999
bestseller “Dow 36,000,” a book that briefly made “irrational
exuberance” seem quite rational.

Even Alan Greenspan, the former Federal Reserve Board
chairman who coined that description of market sentiment before
the dot-com bust, has mused publicly that stocks are
undervalued.

    • About Chris

      "Chris Taylor is an award-winning freelance writer in New York City. A former senior writer with SmartMoney, the Wall Street Journal's personal-finance magazine, he has been published in the Financial Times, Bloomberg BusinessWeek, CNBC.com, Fortune, Money, and more. He has won journalism awards from the National Press Club, the Deadline Club, and the National Association of Real Estate Editors. The opinions expressed are his own."
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