The Wall Street Journal reports that Cybercriminals are getting good. More advanced and skilled hackers are exploiting publicly available information--and weaknesses in email systems--to trick small businesses into transferring large sums of money. The fraudulent requests often have a legitimate-sounding purpose involving big name bank accounts like Northern Trust and Comerica. Not small change--Companies across the globe lost more than $1 billion dollars—with a B-- from October 2013 through June 2015, according to the Federal Bureau of Investigation. A local Phoenix metals company recently lost $100,000 with no chance of recovery. Steve and Sinclair review. In the Q & A, Steve discusses a new dynamic approach to target dating your portfolio.
Biotech and Pharma are tearing up the market this year, and according to Ron Winslow writing in the Wall Street Journal, a powerful new class of drugs promises hope for high-risk patients with cholesterol issues—a group that numbers in the millions. Companies like Regeneron may be in the right place at the right time, up over 25% for the year. Is there room to run? Sinclair and Steve review what's happening. In the Q & A segment, CFP® Murray Titterington with IQ Wealth joins the A-Team to discuss Social Security taxation issues.
Former Money Magazine Editor and America's Money Answers man, Jordan Goodman recently requested to interview Money Radio's Steve Jurich on national radio. Here is the entire interview, with a discussion of points in Steve's best selling book, Smart Is The New Rich.
According to the Wall Street Journal’s Dan Strumpf, interest-rate jitters are taking their toll on one of the stock market’s big success stories in recent years: high-dividend stocks. Double digit losses have now replaced double-digit gains of recent years. Investors plowed $48.4 billion into mutual and exchange-traded funds tracking utilities and REITs from 2010 through 2014, according to Morningstar Inc., but now, many large institutions are moving away. Learn the risks. In the Q & A segment, Neil MacNeal, whose stock split strategy has been recognized by Mark Hulbert at MarketWatch, and has doubled the Wilshire 5000 since 2000, returns to Mastering Money to talk splits with the A-Team.
A video has gone viral that is scaring consumers into believing that the Chinese yuan will become the new reserve currency by October of 2015, this fall. Meanwhile, today, the Chinese market is down another 8.5% for the DAY. The top hedge funds are closing their long positions in China, and many say China's markets are due for the type of reversal seen in 2008. So, where are investors running for cover? You guessed it. The U.S. Treasury, where demand is back up for the 10 year treasury, sending rates back toward 2%. Nick Grovich, our guest sponsor on Mondays talks with Sinclair Noe in segments 2 and 3 on what you should be aware of in the precious metals market, especially platinum. Steve and Sinclair review markets and trends in Segment 4.
If you’re a parent, especially a parent of a daughter, you know that weddings cost money. And the walk down the aisle continues to get more expensive. Couples spent an average of $31,213 on their big day last year, according to latest study from The Knot.com, up more than 4% from $29,858 in 2013. This one day expense is more than many Americans make in a year. Steve and Sinclair discuss the realities and the pricing, since Steve's son is getting married this summer. In the Q & A, CFA Jim Gentrup joins the A Team to discuss strategies with small cap stocks.
Exchange-traded funds that use leverage to boost returns have an appeal that can be hard to resist. If your timing is right, you can collect gains two or even three times that of the daily return of a given stock or bond index. But Jonathan Burton of Marketwatch and experts from Morningstar say "watch out: Leverage cuts both ways, and if you're on the wrong side of a bet, your losses will be magnified."
...And leveraged ETFs -- which use derivatives and other financial instruments to amplify the market's daily moves -- have wrinkles that can lead to unwelcome surprises for some investors. Steve and Sinclair review. In the Q & A, hear answers about the legalities involved with certain types of agents and advisors, and how it can result in your getting short-changed on thorough information.
The Wall Street Journal reports on the speech made by Iran's Ayatollah Khameni over the weekend (after the Vienna signing), that "Our policy regarding the arrogant U.S. Government will not change." Iran will continue to support the Syrian regime, Hezbollah in Lebanon, and Shiite militias in Iraq, the leader said. The hard line clerics' views are being watched because he has the final say in most matters of state and could still rescind the agreement at any time. How does this affect retired investors? It adds to the types of risks known as "event risk" and "geo-political risk". If events are truly shocking enough, it trigger market declines and interest rate spikes. Nick Grovich talks about the advantages of owning some gold in your portfolio. Steve discusses some allocation ideas. The objective: to help you ensure your income, insure your outcomes, and invest the rest with purpose. A proper portfolio in 2015 and beyond must be ready for anything. Things are changing. Power is shifting. Your money should be protected.
Bill Gates is warning that robots and computers really ARE taking our jobs. This is part of the worldwide deflationary trend that leads to sagging economies and lower intererest rates. New research by Duke, Oxford, and the University of British Columbia confirms that 45% of today's jobs will be taken by automation in the next 20 years. Its been going on for some time--in the past, one factory job supported a family of four or five, with a house a mortgage and two cars. Today, two members of the household are forced to find other work and still may be at the poverty level. Even Bill Gates is warning that people are not ready for what's coming next. Steve and Sinclair review and discuss. In the Q & A, MarketWatch real estate columnist Daniel Goldstein joins the A-team. Ken Morgan pinch hits for Sinclair in segment 1.
How much do Uber drivers really make? The Silicon Valley/San Francisco ride sharing start-up boasts that its drivers make "life changing" money--up to $90,000 a year in New York. However, Business Insider and CNN Money are finding that drivers do not come close to that amount, and Uber has been banned in several countries and cities like Portland for violating regulations. Will the company be viable long term? We explore. In the Q & A segment, one of the top CFPs and an editor for the Journal of Financial Planning, Michael Kitces MSFS, CFP joins the A-team to discuss the problems with Monte Carlo projections.