Personal finance
Investors will be ‘miles ahead’ if they avoid these 3 things, ‘How Not to Invest’ author says
Key Points Many people are bad investors largely because they aren’t skeptical enough: They react emotionally and they don’t understand compound interest, said Barry Ritholtz, chairman and chief investment officer of Ritholtz Wealth Management. Famous investors like Warren Buffett and Peter Lynch who consistently beat the market are rare, Ritholtz said. Source
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Over 9 million student loan borrowers past due after bills restarted, Fed estimates
People walk on the campus of the University of Southern California (USC) on March 21, 2024 in Los Angeles, California. Mario Tama | Getty Images Around 9.7 million student loan borrowers became past due on their bills after the Covid-era payment pause expired, according to a new estimate by the Federal Reserve Bank of New York. After […]
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Treasury scraps reporting rule for U.S. small business owners
Key Points The Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a rule that exempts all U.S. companies and U.S. owners from filing reports about “beneficial ownership information.” Lawmakers sought such information to help curb criminal activity and illicit finance conducted through opaque shell companies. It came with financial penalties for noncompliance. The move is part […]
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How the rich use insurance to invest in private credit without steep tax bills
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private credit has exploded in popularity among investors, with the market soaring from $1 trillion in 2020 to $1.5 trillion at […]
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How investors can ready their portfolios for a recession: ‘You’re looking for balance,’ expert says
Key Points Economic forecasters have raised the odds of a U.S. recession amid an escalating trade war. Investors shouldn’t act emotionally if trying to prepare their portfolios for a downturn. Fundamentals like asset allocation and diversification are generally the most important considerations, advisors said. Source
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Judge slams Social Security chief for agency shutdown ‘threats’ after ruling barring DOGE access
A sign for the U.S. Social Security Administration is seen outside its headquarters in Woodlawn, Md., on Thursday, March 20, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images A federal judge reprimanded Social Security Administration acting commissioner Lee Dudek on Friday for “making threats about shutting down operations” at the agency. Judge Ellen […]
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Are designer handbags an actual investment? Here’s how returns stack up
Luxury handbags have outperformed other collectibles in recent years and are increasingly viewed as a potential investment category in the eyes of consumers and analysts, at least according to some recent reports. For the first time, the value proposition of designer handbags from top brands, such as Hermes, Chanel, Goyard and Louis Vuitton are growing […]
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Rich people live by these 5 rules, self-made millionaire says: ‘It’s not just about cost’
There’s no single path rich people follow to obtain their wealth. Some are born with generational wealth that gives them a head start, while others work their way up through grit, determination and well-timed career decisions. Luck may also be a factor. But there are a few common habits among wealthy people, self-made millionaire, author and TV […]
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Stock volatility poses an ‘opportunity,’ investment analyst says. Here’s why
Key Points The S&P 500 has wobbled in 2025. The U.S. stock index briefly touched correction territory last week. Investors can take advantage of such selloffs by buying stocks at a discount, financial experts say. Investors should be mindful of their overall stock/bond allocations when doing so. Source
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Tariffs are ‘simply inflationary,’ economist says: Here’s how they fuel higher prices
Key Points Tariffs are expected to raise the U.S. inflation rate in 2025, Federal Reserve chair Jerome Powell said Wednesday. U.S. businesses pass tariff costs on to consumers, both directly and indirectly, economists said. An increase in the inflation rate may be relatively short-lived, if tariffs amount to a one-time price increase, economists said. Source
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