banking

Here's how a hedge fund bucks the tide and beats the markets

Here’s how a hedge fund bucks the tide and beats the markets

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Fund managers White Shoe Boston GMO – founded by Jeremy Grantham – are pulling the spotlight this year with their “equity dislocation” investment strategy. This strategy, unveiled almost exactly two years ago, buys the cheapest “value” stocks, then bets against the most expensive “growth” stocks. This “equity dislocation” portfolio gained a stunning 21% from October …

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401(k) Hardship Withdrawals Hit an All-Time High of 'Worrying', Says Vanguard

401(k) Hardship Withdrawals Hit an All-Time High of ‘Worrying’, Says Vanguard

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Amid stubbornly high inflation, a record proportion of Americans are turning their 401(K) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of about five million employer-sponsored 401(k) accounts that Vanguard manages, the researchers said that 0.5% made hardship withdrawals in October. It’s a “worrying” all-time high, said retirement savings and …

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Banks are more than $1 trillion short of capital, analyst says, who fears shortfall will only get worse

Banks are more than $1 trillion short of capital, analyst says, who fears shortfall will only get worse

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The new year is fast approaching and one idea for where to invest is the banking sector, whose margins benefit from high interest rates, at undemanding valuations. This statement may surprise those who think that the US banking industry has about $2.2 trillion in capital. But it reduces that figure in several ways. First, he …

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Reducing the Fed's balance sheet via quantitative tightening is "a total mistake", says Mizuho

Reducing the Fed’s balance sheet via quantitative tightening is “a total mistake”, says Mizuho

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The Federal Reserve’s attempt to shrink its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief U.S. economist. “There is a non-negligible likelihood that market liquidity will be adversely affected well before the $2 trillion target is reached, preventing the Fed from reaching its target,” said Steven Ricchiuto, …

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I'm a 61-year-old flight attendant who wants to retire at 70. I'll have a pension of $900 a month and I'll get Social Security, but I only have $150,000 in my 401(k). Should I get professional help?

I’m a 61-year-old flight attendant who wants to retire at 70. I’ll have a pension of $900 a month and I’ll get Social Security, but I only have $150,000 in my 401(k). Should I get professional help?

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This flight attendant seeks financial help from an advisor, but how do you choose the right one? Getty Images Question: I think I need a financial advisor. I’m 61 and plan to retire at 70. I am a flight attendant and will receive a pension of just over $900 a month. I have a 401(k) …

I’m a 61-year-old flight attendant who wants to retire at 70. I’ll have a pension of $900 a month and I’ll get Social Security, but I only have $150,000 in my 401(k). Should I get professional help? Read More »

Investment: Active or Passive?

Investment: Active or Passive?

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The merits of active and passive investing have been debated for years. On average, 35% of active equity funds outperformed their passive counterpart in the 12 months ending June this year, according to Morningstar’s Asset/Liability Barometer, which tracks the performance of 30,000 European-domiciled funds managing €7 billion (£6 billion) in assets. Active and passive: the …

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These are the $30,000 questions you need to ask yourself if you want to get richer, says personal finance guru Ramit Sethi (and psst: the pros say he's right)

These are the $30,000 questions you need to ask yourself if you want to get richer, says personal finance guru Ramit Sethi (and psst: the pros say he’s right)

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When it comes to building wealth, entrepreneur Ramit Sethi says it’s important to focus on the big picture. Getty Images No, it’s not about latte — well, at least according to Ramit Sethi, entrepreneur and New York Times Best Seller author I will teach you how to be rich. He says we shouldn’t focus on …

These are the $30,000 questions you need to ask yourself if you want to get richer, says personal finance guru Ramit Sethi (and psst: the pros say he’s right) Read More »