MANY people complain that the finance industry has barely suffered any adverse consequences from the crisis that it created, which began around ten years ago. But a report from New Financial, a think-tank, shows that is not completely true.
The additional capital that regulators demanded banks should take on to their balance-sheets has had an effect. Between 2006 and 2016, the return on capital of the world’s biggest banks has fallen by a third (by more in Britain and Europe). The balance of power has shifted away from the developed world and towards China, which had four of the largest five banks by assets in 2016; that compares with just one of the biggest 20 in 2006. Read Article: https://www.economist.com/news/finance-and-economics/21730157-buddy-can-you-spare-daimler-finance-industry-ten-years-after-crisis Scientists have discovered a small octopus city – dubbed Octlantis – a find that suggests members of the gloomy octopus species (Octopus tetricus) are perhaps not the isolated and solitary creatures we thought they were.
Octlantis features dens made out of piles of sand and shells, and is home to up to 15 of the cephalopods, according to marine biologists. They recorded 10 hours of video footage of the site, which lies 10 to 15 metres (33 to 49 feet) under the water and measures 18 by 4 metres (59 by 13 feet). Read Article: https://www.sciencealert.com/marine-biologists-discover-an-underwater-octopus-city-they-re-calling-octlantis College is an age characterized by impulsive behaviors, rash decision-making, andexcess spending above all else. It’s easy to make mistakes when you’re young because you have room to fall down and recover. Plus, you’ll benefit because making a financial mistake and experiencing the loss associated with it will leave a greater impression and allow you to avoid similar financial mistakes in the future.
But with that being said, there’s a saying from German chancellor Otto von Bismarck that goes something like: “Only a fool learns from his own mistakes. The wise man learns from the mistakes of others.” Obviously, this means that you don’t have to trip and fall to realize that there’s something that’s making you trip – you can learn by watching someone else do it. That’s what this article is about: these financial tips will help you develop your financial senses and prompt you to think twice when making expensive purchases. Read Article: http://www.huffingtonpost.com/entry/six-finance-tips-i-wish-i-followed-in-my-twenties_us_597cd080e4b0c69ef705289d Social Media:
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https://www.facebook.com/ronald.luyo.756 https://twitter.com/RonaldLuyo1 https://www.linkedin.com/in/ronald-luyo-916143133/ Blogs: https://ronaldluyo.wordpress.com https://ronaldluyo.tumblr.com https://ronaldluyo.weebly.com Websites: http://ronaldluyo.net/ AboutRonaldLuyo.com RonaldLuyo.com RonaldLuyo.org RonaldLuyoInfo.com With an increasingly complex universe of financial products and services, how are America's high-school students prepared to manage their money as they enter adulthood?
Not all that well, according to a new assessment of financial literacy from the Organisation for Economic Co-Operation and Development (OECD). The Programme for International Student Assessment (PISA) test measures the financial knowledge and skills needed to make the jump from high school to college and on into the workforce. The results raise several red flags given that one in five American teens fail to meet the level to be considered financially literate. By comparison, only about one in 10 Chinese and Russian students fail to meet that benchmark. American teens haven't improved their scores since 2012. On top of that, teens who continue on to college often must make complex decisions about student loans that can impact their lives for decades. Read Entire Article: http://www.cbsnews.com/news/financial-literacy-us-teens-compare/ The concept of financial health also acknowledges the forces beyond our control. Just as physical health is a combination of behavior, genes and access to good medical care, financial health is a result of personal decisions and abilities, the economy and access to good, unbiased financial services and advice.
“There is an element of personal responsibility, but it’s more than that,” Schneider says. Definitions of financial health typically have three factors in common:
How do you get there? These eight behaviors can help: Spend less than you earn. This is the foundation for financial health. You can’t get out of debt or save for the future if your expenses eat up all your available income. Spend less than you earn. This is the foundation for financial health. You can’t get out of debt or save for the future if your expenses eat up all your available income. Pay bills on time. You manage your cash flow and meet your regular financial obligations. Missing payments costs you money in late fees, hurts your credit and causes stress. Have a decent emergency fund. “Decent” varies according to your circumstances. The Center for Financial Services Innovation, which developed ways financial institutions can measure consumer financial health, would like to see everyone have six months’ worth of living expenses set aside. But as little as $250 can be enough to save a low-income family from a serious financial setback, according to a study by the Urban Institute, a policy research group. What’s more important than the amount is developing a habit of saving regularly so you continually replenish your coffers. Read Entire Article: http://www.jsonline.com/story/money/personal-finance/2017/04/15/eight-behaviors-lead-financial-health/100504300/ Many dream of having a big house, a luxury car, and a gorgeous lifestyle. And they think that hard work and sincerity can help them achieve their dream. What they fail to realize is that even with all the hard work and sincerity, they may not be able to achieve it – unless they pay attention to one of the essentials – personal wealth management.
What is wealth management? And why is it important? Personal wealth management involves taking the right steps at the right time to ensure you are on the path to financial stability. And it is important to focus on it right NOW if you want to have a secure future in regards to your finances. Here are the five most important personal wealth management tips to help you secure a financially stable future. Tip 1: Plan your income and expenditure. But even before you sit and chalk out your budget, so some extensive research to make sure that what you get paid is what you are worth. Being underpaid, by even a few hundreds of dollars can affect your finances a great deal. Next, focus on what you earn on a monthly basis. Add to it income from any other sources. Now, determine your chief monthly expenses and try to find out where you can make a cut. Remember – a penny saved is a penny earned! Read Article: http://www.theelpodcast.com/5-personal-wealth-management-tips-financial-stability/ This article provides some insight about liquid vs. traditional hedge funds, and alternatives.3/27/2017
In addition to accessing the right alternative strategies, investors must also focus on accessing the right managers within those strategies. While we believe certain strategies can fit into a mutual fund format, several major questions remain for the investor such as: How good are the managers and will they be successful going forward? What is their edge and how repeatable and sustainable is that edge? How do they successfully implement ideas into a portfolio construct?
Given the large dispersion of returns among managers of hedge funds and other alternative strategies, we believe that manager selection is critical in alternative investing. Because traditional hedge fund vehicles offer managers greater flexibility in portfolio implementation, this arena typically attracts the industry’s highest quality managers. Related: Liquid vs. Traditional Hedge Funds and Alternatives As a result, this can lead to negative selection bias among hedge fund managers who choose to manage liquid mutual funds. Certainly, there are high-quality managers who run liquid vehicles, but the concentration of these managers is likely to be considerably lower than in the traditional hedge fund space. Read Article: http://www.wealthmanagement.com/alternative-investments/liquid-vs-traditional-hedge-funds-and-alternatives-accessing-right-managers Being knowledgeable about money management, budgeting and finance is no guarantee of success in life.
But ignorance about such concepts often comes at great cost. When it comes to financial literacy, however, the U.S. gets a failing grade at least by one count. The U.S. ranked 14th in a 2015 global study conducted by Standard & Poor’s Ratings Group and others, with a financial literacy rate of 57%. Read Article: https://www.wsj.com/articles/should-college-students-be-required-to-take-a-course-in-personal-finance-1489975500 |
Ronald Luyo
Ronald Luyo is a wealth manager, tennis player and event planner living in New York City. Archives
April 2017
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