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Tag: Financial

'Almost every financial plan that’s ever been written is wrong': United Capital's Duran

'Almost every financial plan that’s ever been written is wrong': United Capital's Duran

Finance
If you’ve managed to pull together a strategy for your personal finances, odds are it’s not the right one for you. That’s because many financial plans fail to consider the unique characteristics of an investor’s life, including his or her biases and the fluidity of investing goals, said Joe Duran, founder and CEO of United Capital. “Almost every financial plan that’s ever been written is wrong,” he said. “It’s wrong because it makes two assumptions that are almost certainly wrong,” Duran said...
Financial fruit: Apple becomes 1st trillion-dollar company

Financial fruit: Apple becomes 1st trillion-dollar company

Technology
Apple is the world's first publicly traded company to be valued at $ 1 trillion, the financial fruit of stylish technology that has redefined what we expect from our gadgets. The milestone reached Thursday marks the latest triumph of a trend-setting company that two mavericks named Steve started in a Silicon Valley garage 42 years ago. Apple's shares gained $ 5.89 to close at $ 207.39, leaving the company's market value a notch above $ 1 trillion — around $ 1,001,679,220,000, according to FactSet. Apple sits atop a U.S. stock market that has become dominated by technology-centered companies: Amazon, Google's parent Alphabet, Microsoft and Facebook round out the top five in market value. The achievement seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with ...
Japan still has great influence on global financial markets

Japan still has great influence on global financial markets

Finance
IT IS the summer of 1979 and Harry “Rabbit” Angstrom, the everyman-hero of John Updike’s series of novels, is running a car showroom in Brewer, Pennsylvania. There is a pervasive mood of decline. Local textile mills have closed. Gas prices are soaring. No one wants the traded-in, Detroit-made cars clogging the lot. Yet Rabbit is serene. His is a Toyota franchise. So his cars have the best mileage and lowest servicing costs. When you buy one, he tells his customers, you are turning your dollars into yen.“Rabbit is Rich” evokes the time when America was first unnerved by the rise of a rival economic power. Japan had taken leadership from America in a succession of industries, including textiles, consumer electronics and steel. It was threatening to topple the ca...
Take these steps now to avoid or mend a family financial feud

Take these steps now to avoid or mend a family financial feud

Finance
Many families worry about their financial plan and whether or not they will run out of money. Some are living paycheck to paycheck and trying to figure out a better way to budget their monthly dollars. Money arguments are one of the leading causes couples ultimately split up. To that point, 22 percent of all divorces are caused by money issues, according to the Institute for Divorce Financial Analysis. So how do you stop those money arguments at home? ...
Here’s the question you really want to ask your financial advisor

Here’s the question you really want to ask your financial advisor

Finance
If you’re working with a financial advisor, you want to make sure you have "the talk." And that conversation should be around exactly how you are paying them. “A great question to ask your financial advisor is, How are you compensated for us working together?” said certified financial planner Sophia Bera, founder of Gen Y Planning. “’Do I pay you directly as the client, or do you receive commissions based on the products or services you provide?’” You also want to find out what kind of financial advisor you are working with, as not all investment professionals have the same standards....