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Tag: money

Your stress about money can help you manage it

Finance
You should read your anxiety about money as a call to action, says certified financial planner Douglas Boneparth. "Money tends to be an emotional area of people's lives, so it's no surprise that they think about this quite frequently," said Boneparth, president of Bone Fide Wealth. "There are a number of ways to deal with this." Start with information, he said. That can come from a certified financial planner, if you can afford one, or from doing your own personal finance research. "Educatio...
Financial stocks are giving us a ‘warning sign’: Money manager

Financial stocks are giving us a ‘warning sign’: Money manager

Finance
There are a lot of positives right now for the banking industry, yet the stocks aren’t responding — and that’s a signal for investors, market expert Quint Tatro told CNBC on Thursday. Bank equities have underperformed this year despite a strong economic recovery, the managing director at Joule Financial pointed out. Also, short interest rates are going higher, and there has been deregulation. “The financials are giving us a warning sign that something’s coming that’s not being reflected in the other sectors,” Tatro said on “Closing Bell.” ...
How to have a better relationship with money

How to have a better relationship with money

Finance
Why you should double check your bigger paycheck Relationships with money can be complicated. Most of us worry about our finances, but on the spectrum of money worriers, some people ignore their financial problems, while others focus on them too much. "Either people are avoiders and they stick their heads in the sand, or they are worriers and those tend to be the people who want all the detail, and over-plan and over-analyze everything," said Amy Mullen, a certified financial planner and vice president of Money Quotient. To get your money back in balance, experts offered the following tips: Identify your money story We all have a money story. You just might not know how it started. Much of how we interact, manage and talk about money stems from lessons we learn...
What the 1 percent are teaching their children about money

What the 1 percent are teaching their children about money

Finance
You may think ultrahigh net worth individuals have nothing to worry about when it comes to money. The experts who help them manage it would be the first to tell you you're wrong. Those with ultrahigh net worth are defined as households with at least $ 5 million excluding their primary residence, according to Spectrem Group, a wealth management research organization. Making sure those millions last can be a challenge for super wealthy families, many of whom have had their financial success created by one generation and do not want to see it lost by the...
Virgin Money bought by CYBG for £1.7bn

Virgin Money bought by CYBG for £1.7bn

Business
The owner of Clydesdale Bank and Yorkshire Bank, CYBG, has agreed to buy Virgin Money for £1.7bn.Under the deal, all the group's retail customers will be moved to Virgin Money over the next three years.It will be the UK's sixth-largest bank, with about six million customers, but 1,500 jobs are likely to go.CYBG said it had agreed with Sir Richard Branson's Virgin Group to license the Virgin Money brand for £12m a year, rising to £15m later. Virgin Group is Virgin Money's biggest shareholder with a 34.8% stake in the business. Analysis: Kevin Peachey, BBC personal finance reporterNimbleness and the ability to attract customers through new technology have been seen as challenger banks' main attributes. Tha...