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SmartAsset
This is How Much A $200,000 Annuity Will Score You Monthly
An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you’ll get from an annuity each month will vary. Let’s … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
Investor’s Business Daily
$100,000 Retirement Income From Mutual Funds
Want $100,000 of annual retirement income? Without cannibalizing your principal? We can show you mutual funds that can get the job done.
Barrons.com
Senators Propose Letting Americans Buy $30,000 in I Bonds
The current cap on yearly buys of I bonds is $10,000 per person plus $5,000 through federal tax refunds. Two senators propose raising that limit to $30,000 in total.
SmartAsset
Why Putting 20% Down on a Mortgage May Be a Mistake
When you put 20% down on the purchase of a home, you don’t have to borrow as much money as someone whose down payment is only 5% or 10%. And as a result, your monthly mortgage payment may be considerably … Continue reading → The post This One Chart Shows Why Putting 20% Down on a Mortgage May Be a Mistake appeared first on SmartAsset Blog.
Bloomberg
Pension Rebalancing Threatens to Spur $26 Billion Equity Selloff
(Bloomberg) — US stock investors looking for anything that could halt the rout might not be able to count on a source of support that’s buoyed markets in the past: portfolio rebalancing. Every quarter- and month-end, pension funds and other institutional investors check their market exposures to make sure they meet strict allocation limits between equities and bonds, as well as between domestic and international stocks. Even amid a global rout, US equities still outperformed many other asset cl
Benzinga
REITs Relief Rally: These 4 Majors Had The Biggest Move Up
After many days of serious selling pressure, real estate investment trusts (REITs) found eager and willing buyers on Sept. 28. Several of the major REITs gained in price by 3% or more, a significant upward move considering the recent downswings. Whether the overall trend lower remains in place is a concern for investors. Here are four well-known REITs that rallied and rallied well: Farmland Partners Inc. (NYSE: FPI) gained 3.26%. After being down by more than 5% after trading opened the previous
Bloomberg
CarMax’s Big Profit Miss Sends Warning Signal on US Consumer
(Bloomberg) — Already shaky market sentiment took a gut punch on Thursday, after used-car dealer CarMax Inc.’s latest quarterly results laid bare the plight of US consumers stuck between high inflation and climbing interest rates. CarMax’s fiscal second-quarter numbers failed to meet Wall Street’s expectations on nearly every metric. The company said the ability of potential buyers to afford vehicles has become a challenge, with rising interest rates and low consumer confidence adding further w
Bloomberg
David Gottesman, a Top Buffett Investor and Friend, Dies at 96
(Bloomberg) — David Gottesman, a friend of Warren Buffett for six decades whose early investments in Berkshire Hathaway Inc. made him a billionaire, has died. He was 96.He died on Wednesday, according to First Manhattan Co., the New York City investment manager he founded. No cause was given.Gottesman, known as Sandy, was a senior managing director and portfolio manager at First Manhattan, which today manages more than $20 billion of client wealth. He was also, decades ago, “one of the first Wa
Reuters
Nike margins squeezed by higher discounts, shares fall
Nike said its inventories were up 44% at $9.7 billion at the end of the first quarter. The company’s gross margin decreased 220 basis points to 44.3%. Analysts had expected gross margin of 45.4%, according to IBES data from Refinitiv.
Benzinga
What Did Warren Buffett Say He’d Write A $25 Billion Check For?
Berkshire Hathaway CEO Warren Buffett is well known for his frugality. The extent of his frugal quirks are well-documented. You may already know that he never spends more than $3.17 on breakfast or that he lives in the same house he bought in 1958 for about $31,000. You may even know from his documentary “Becoming Buffett” that his No. 1 is: Never lose money. What you may have missed though, was the Oracle of Omaha’s fancy for farmland. It must be heavy on his mind lately, as he alluded to it as
SmartAsset
If You Have This Much Money Saved You Don’t Need an Annuity
Creating income for retirement is one of the biggest challenges American workers have in planning for how they will be able to live comfortably once they stop working. One of the most common ways to create this income is to … Continue reading → The post If You Have This Much Money Saved You Don’t Need an Annuity appeared first on SmartAsset Blog.
Reuters
Micron forecasts Q1 revenue below estimates as demand worsens
(Reuters) -Memory chipmaker Micron Technology forecast first-quarter revenue below Wall Street estimates on Thursday as demand from its key end markets including PCs and smartphones worsen amid rising worries about an economic downturn. To cope with the tougher market conditions, Micron also said it would cut its investments. “We are taking decisive steps to reduce our supply growth including a nearly 50% wafer fab equipment capex cut versus last year,” said Chief Executive Sanjay Mehrotra in its earnings statement.
TipRanks
These 2 Stock Giants Are Flirting With a Bottom; Analysts Say ‘Buy’
Anyone following stock market trends in 2022 will be well aware of the widespread drawbacks; apart from some outliers such as energy, most corners of the market have been beaten to a pulp. The main culprits are easily identified by now; a combination of a slowing economy, rampant inflation, rates hikes to halt it, and Russia’s invasion of Ukraine and the global implications are all responsible factors. Stock market giants have not been immune either and many have seen huge chunks of their valuat
