3-6 Around The Table Pt. 4
Stacy Smith and his panel of financial experts share tips for assessing your 401K account.
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Business InsiderBillionaire investor Leon Cooperman says the US is going through a 'textbook' financial crisis and the S&P 500 won't hit a new high for a long time
Cooperman previously warned that stocks could plunge 22% in 2023, and predicted dismal returns for years to come.
- Business Insider
Charles Schwab clients poured in $17 billion last week as the spiraling bank crisis sent money to a 'safe port in a storm'
"Charles Schwab remains a safe port in a storm, driven by its conservative balance sheet, strong liquidity position, and diversified base" of clients.
- TheStreet.com
Costco Shares Interesting Membership News
The warehouse club shared some insight that might be useful for members and people who are considering joining the warehouse club.
- Business Insider
Warren Buffett has weighed in on bank runs, bailouts and the dangers of insuring deposits. Here are 9 quotes that shed light on today's banking crisis.
Buffett has explained how to calm bank panics, warned that government guarantees distort markets, and underlined the vast fallout from small mistakes.
- SmartAsset
Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution
I am 66 years old, still working and with very good health insurance. My company does not have a 401(k). I do have an individual retirement account (IRA) with approximately $120,000 invested. I contribute $272 per month, yet my program … Continue reading → The post Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution appeared first on SmartAsset Blog.
- GOBankingRates
Here’s How Much Cash You Need Stashed If a National Emergency Happens
You've probably heard time and again that it's important to have a rainy-day fund set up "just in case" something unexpected were to happen. But we're now at a time when having an emergency fund is...
- USA TODAY
Close to 190 banks could face Silicon Valley Bank's fate, according to a new study
The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
- TheStreet.com
Elon Musk Warns the Banking Crisis May Lead to Something Bigger
The crisis of confidence affecting regional banks poses a serious risk to the economy, the billionaire entrepreneur warns.
- MarketWatch
Anger and tears from shocked Credit Suisse staff after historic UBS takeover
Credit Suisse’s fate is sealed, as Swiss rival UBS acquired the bank for 3 billion francs ($3.2 billion) in a historic deal that has shaken the financial sector. Credit Suisse (CS) (CH:CSGN) asked staff to return to work as usual this morning, but employees greeted the news that the 167-year-old bank will cease to exist with a mix of anger, surprise, tears and, in some cases, resignation that it had to happen, according to conversations with around a dozen staff at the bank. “Everyone is stunned by the speed of the downfall,” said another senior investment banker.
- AZCentral | The Arizona Republic
Failed bank fallout could open doors for credit unions. Here's what to know about these institutions
Credit unions provide many of the same financial services as banks but with different motivations — and with different repercussions when they fail.
- Motley Fool
Want $3,300 in Dividend Income? Invest $30,000 in These 3 Ultra-High-Yield Dividend Stocks
The company focuses on providing financing to middle-market businesses. Ares Capital's portfolio currently includes 466 companies. Like all BDCs registered as regulated investment companies, Ares Capital returns at least 90% of its taxable income to shareholders to avoid paying federal taxes.
- GOBankingRates
What To Know If You Deposit More Than $10K Into Your Checking Account
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Why Investors Need to Take Advantage of These 2 Oils-Energy Stocks Now
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- Insider Monkey
Should You Sell Altria Group (MO) Now?
Broyhill Asset Management, a boutique investment firm, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. The portfolio gained 1.3% net of fees and expenses in 2022 compared to a -18% return for the MSCI World Index. The portfolio compounded at 12.3% annually net of fees and expenses, since […]
- Motley Fool
Will Medical Properties Trust Cut Its Ultra-High Dividend? 3 Reasons Not to Worry
This healthcare REIT definitely faces some major challenges. But its dividend doesn't appear to be in imminent jeopardy.
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Best Stock to Buy: ExxonMobil vs. Chevron vs. Occidental Petroleum vs. Devon Energy
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- Reuters
UBS offers to buy Credit Suisse for up to $1 billion - FT
The proposed all-share deal between Switzerland's two biggest banks is set to be signed as soon as Sunday evening, the report said, adding that the deal will be priced at a fraction of Credit Suisse's closing price on Friday. An offer was made on Sunday morning with a price of 0.25 Swiss francs ($0.27) a share to be paid in UBS stock, the newspaper said, citing people familiar with the matter. UBS has also insisted on a 'material adverse change' that voids the deal in the event its credit default spreads jump by 100 basis points or more, the report added.
- Business Insider
'Dr. Doom' economist Nouriel Roubini says the US banking system is in a dangerous position and the Fed can't win no matter what it does with rates
"It's too late to find a solution that prevents a hard landing and prevents severe financial stresses," "Dr. Doom" economist Nouriel Roubini said.
- GOBankingRates
Dave Ramsey’s 5 Tips for a Profitable 2023
If you let the winter slip away without keeping the financial promises you made around the holidays, don't worry: Spring is the season of rebirth. $2,000 Quarter? Check Your Pockets Before You Use...
- MoneyWise
'Crash and crisis just starting': Robert Kiyosaki just blasted the US central bank, calls The Fed both the 'fireman and the arson' — here are 3 assets he likes for shockproofing
Prepare. The author sees more pain ahead.