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This wacky daily trading strategy posted a 13% return in this rough year

This wacky daily trading strategy posted a 13% return in this rough year

Finance
Buy the S&P 500 at the close every day and sell it at the next open. Sounds wacky? You could have outperformed the market by 20 percent. According to Bespoke Investment Group, if one had implemented this so-called after-hours strategy every day in 2018, it could've posted a 13.3 percent return. "This has really been an intraday bear market, with more than 100 percent of the selling coming during regular trading hours. Since SPY's peak on Sep. 20, you'd still be up 3.3 percent if you only owned outside of ...
Bolton outlines shift in Africa strategy for military, civilian aid

Bolton outlines shift in Africa strategy for military, civilian aid

Business
Dec. 14 (UPI) -- National Security Advisor John Bolton said during a speech at the Heritage Foundation that the U.S. has to readjust it's strategy for Africa regarding military and civilian aid with Chinese and Russian encroachment on the continent. "ISIS, al-Qaida, and their affiliates all operate and recruit on the African continent, plotting attacks against American citizens and targets. Any sound U.S. strategy toward Africa must address this serious threat in a comprehensive way," Bolton said during the speech on Thursday. "In 2017, China established a military base in Djibouti that is only miles from our U.S. base, Camp Lemonnier, which supports critical U.S. operations to counter violent terrorist organizations in East Africa," Bolton warned. Camp Lemonnier is the primary U.S. bases...
Investors can enjoy a tax savings on advisor fees by using this strategy

Investors can enjoy a tax savings on advisor fees by using this strategy

Finance
When investors sit down with their financial advisor to prepare their tax returns next year, they'll be confronted with new rules that for many mean an increase in the cost of having an advisor. The new tax law passed by Congress last year ends deductions on some types of advisory fees, including those based on the value of assets under management (AUM), a common way advisors charge clients. For both the client and advisor, this change is causing quite a bit of angst. Yet much of this worry is needless because many clients can still get a tax savings on some fees by using an equivalent strategy. ...