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Wealth

https://www.cnbc.com/id/10001054/device/rss/rss.html 👁 1580


Contrary to what you may think, your 401(k) balance is not all yours.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/18/the-hidden-cost-of-your-401k.html

Millennials need to get off the sidelines and start investing now


Despite the many benefits of investing early and often, too many millennials sit on the sidelines because they worry about the risk of a repeat of the Great Recession of 2008.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/17/millennials-need-to-get-off-the-sidelines-and-start-investing-now.html

The wealthiest investors are ramping up on this asset


Even if you're a millionaire, cash is king. Investors in TIGER 21, a group of individuals with at least $10 million to invest, stepped up their allocation toward cash during the first three months of 2019.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/17/the-wealthiest-investors-are-ramping-up-on-this-asset.html

The government, the biggest cause of the student loan crisis in the US, needs to fix this problem


Governments need to find the resources to help families make smarter financial decisions about college during children's high school years. That way, young people will enjoy a great education with less debt and better financial outcomes.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/16/students-families-need-support-systems-to-handle-college-debt-crisis.html

Living with your parents to save money might dim your chances of becoming a homeowner


Young adults who lived with their parents between the ages of 25 and 34 were actually less likely to become homeowners after 10 years than those who didn't.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/15/living-with-your-parents-to-save-money-mighthurt-your-chances-of-becoming-a-homeowner.html

Metropolitan Museum of Art says it will no longer accept gifts from Sackler family


The moves comes after other leading cultural institutions, including the Guggenheim in New York and the Tate in London, said they would cut ties with the family.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/16/metropolitan-museum-of-art-says-it-will-no-longer-accept-gifts-from-sackler-family.html

Pre-owned business jets to grow in popularity as economy slows, report says


Trade in pre-owned business jets will outpace new plane deals by four-to-one by 2023.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/15/pre-owned-business-jets-to-grow-in-popularity-as-economy-slows.html

UK heading toward the 'damaging' inequality seen in the US, Nobel Prize winner warns


Democracy and capitalism are being threatened by growing economic inequalities in both the U.S. and the U.K., new research warned on Tuesday.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/14/uk-heading-toward-the-inequality-seen-in-us-nobel-prize-winner-warns.html

Gay pilots? Muslim quarterbacks? There's a financial advisor focusing in on every niche customer


Only 15 percent of financial advisors specialize in niche clients but they account for a third of advisor assets. A look at five niche practice areas.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/14/knack-for-niches-financial-advisors-are-keen-on-specialization.html

Big win for Robert Kraft: Judge bars massage parlor video from use at prostitution solicitation trial


The videos are the key — and potentially only — pieces of evidence that prosecutors have against Kraft to sustain their charges of soliciting prostitution.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/13/robert-kraft-case-judge-bars-massage-parlor-video-from-use-at-trial.html

You can live like Elizabeth Holmes — for more than $5,000 a month


Former Theranos CEO Elizabeth Holmes has moved out of her luxury apartment in San Francisco. It is now available to rent.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/10/elizabeth-holmes-former-apartment-available-in-san-francisco.html

LVMH launching 'Fenty,' a new fashion house developed by Rihanna


LVMH has announced that it will be partnering with Robyn Rihanna Fenty to create a new luxury fashion house called "Fenty."

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/10/lvmh-launching-fenty-a-new-fashion-house-developed-by-rihanna.html

Millennials are wildly misjudging how much of their parents' wealth they will inherit


Millennials have hugely unrealistic expectations about when and how much they will inherit, according to new research.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/10/millennials-are-wildly-misjudging-how-much-wealth-theyll-inherit.html

Uber changed the way we get around. Now can it handle going public?


CNBC's Jon Fortt speaks with Ina Fried from Axios on Uber's IPO.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/09/uber-prepares-to-ipo.html

It's not just Warren Buffett who's bullish on post-Brexit Britain


A majority of wealthy U.K.-based investors see an economic upside for the U.K. despite uncertainty surrounding its withdrawal from the EU, according to a new quarterly survey by UBS.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/08/its-not-just-warren-buffett-whos-bullish-on-post-brexit-britain.html

Billionaire unveils fund to defend people from medical-debt collectors


Idaho's wealthiest man just launched a new fund to defend people from "overly aggressive medical debt collectors."

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/02/billionaire-unveils-fund-to-defend-people-from-medical-debt-collectors.html

Ray Dalio says the coming of Modern Monetary Theory favored by far left is 'inevitable'


The hedge fund king is throwing his weight behind using zero interest rates to finance big government spending.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/02/ray-dalio-says-the-coming-of-modern-monetary-theory-favored-by-far-left-is-inevitable.html

Here's what it takes to become a 401(k) millionaire at any age


Learn to be the best investor you can be, no matter what stage you're at.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/05/01/heres-what-it-takes-to-become-a-401k-millionaire-at-any-age.html

Capitalism, like a baby in a crib, needs guardrails or 's--- happens,' warns Barry Sternlicht


"The left does not understand that companies need to make money in order to invest in new projects and new businesses," the investor says.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/30/barry-sternlicht-capitalism-must-be-regulated-or-s----happens.html

FBI and US attorney question JetSmarter customers


Customers of JetSmarter say they have been questioned about the private jet company's business practices and communications. The scope and nature of the inquiries are unclear.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/24/fbi-and-us-attorney-question-jetsmarter-customers.html

Melinda Gates to religious and political leaders: 'The Pill' can help lift families out of poverty


"What allowed women to go into the workforce in droves, it was the advent of The Pill," says the co-chair of the Bill & Melinda Gates Foundation.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/24/melinda-gates-the-pill-can-help-lift-families-out-of-poverty.html

Melinda Gates expresses frustration with anti-vaxxers as the US measles outbreak intensifies


"You need to vaccinate your children. It saves lives," says Melinda Gates, co-chair of the Bill and Melinda Gates Foundation.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/24/melinda-gates-frustrated-with-anti-vaxxers-amid-us-measles-outbreak.html

Melinda Gates: Capitalism needs work, but it beats socialism and the US is 'lucky' to have it


Melinda Gates, in an interview with CNBC's Becky Quick, says people living in developing countries "want to live in these types of capitalistic societies."

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/24/melinda-gates-capitalism-needs-work-but-is-better-than-socialism.html

Five crucial money mistakes rich people never make


We all make errors, yet there are a few bad habits the super-rich tend to avoid. Here are some money missteps to watch out for.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/23/common-money-mistakes-to-avoid-when-investing.html

Talking money with Suzy Welch: 'You don't have to be an expert to get into the market'


Investing is a great way to grow your money, but the fear of not knowing enough about the market and losing money tends to scare people off. But life management expert Suzy Welch says you don't need to be an expert to win big.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/23/suzy-welch-you-dont-have-to-be-an-expert-to-be-in-the-stock-market.html

America's wealthy investors say Fed-induced stock rally has plenty of life left — maybe years


Millionaire investors began 2019 worried about the market, but as the Fed's about-face on interest rates takes hold as the new normal in monetary policy and stocks surge, an E-Trade survey finds that the wealthy expect the rally to continue.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/17/americas-wealthy-say-fed-induced-stock-rally-has-plenty-of-life-left.html

Baby T-Rex fossil listed for sale on eBay for $3 million


The eBay listing, last updated on Tuesday, claims the artifact is "most likely the only baby T-rex in the world," adding that the specimen has a 15-foot-long body, 21-inch skull and serrated teeth.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/17/baby-t-rex-fossil-listed-on-ebay-for-3-million-sparks-outrage.html

$590 million Powerball winner sues son, claims he and advisor mismanaged winnings


A lawsuit in Florida claims that the winner's money has earned less than 1% and that she has suffered $10 million in damages.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/12/590m-powerball-winner-sues-son-claims-he-and-advisor-mismanaged-winnings.html

Here's how Sweden deals with super high taxes, without costing the economy


Here's how Sweden handles both high taxes and stable levels of economic growth.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/11/taxes-sweden-how-one-country-deals-with-high-taxes-without-hurting-growth.html

Mike Pence says the American dream was 'dying' before Trump became president


Vice President Mike Pence said Wednesday that the American dream was "dying until President Donald Trump was inaugurated" in 2017.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/04/11/mike-pence-says-the-american-dream-was-dying-until-trump-was-inaugurated.html

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