Tag: Investment

Use Non-Retirement Account to Pay Off Debt?

Dear Dave, I have $11,000 in a mutual fund account that is not a retirement account. My wife has a retirement account through her job as a teacher, but I do not have one at all. We’re in Baby Step 2, so should we cash…

Norway Oil Fund to Invest More in US Stocks, Reduce EU Exposure

Norway’s massive oil fund is planning to invest more heavily in the United States and Canada while cutting back on its investments in Europe, according to a statement made Monday by the Norwegian government. Officially called the Government Pension Fund Global, the oil-rich nation’s sovereign…

California Investors Look to Startups Beyond Silicon Valley

Commentary Derek Footer and Andrea White-Kjoss help the many startups that struggle to get noticed by big investors through their investment firm, ExtraVallis, based in Rancho Santa Fe, California. They also help investors delve into untapped potential—beyond Silicon Valley or New York or the few…

IPOs—Pandemic Proof?

Commentary Initial public offerings (IPOs) are going great guns this fall, smashing records as investors see incredible gains and anticipate more to come. Why is this happening now, in this most unusual and economically challenging year? There are several reasons. The Federal Reserve’s immense capital…

NAB Superannuation Providers to Pay $57M Penalties

Two NAB-owned superannuation businesses have been ordered to pay $57.5 million in penalties after the Federal Court found they misled customers and wrongly charged fees. MLC Nominees and NULIS Nominees must pay $49.5 million and $8 million respectively for deducting plan service fees from customers,…

Amazon to Open Fulfilment Centres in Hamilton and Ajax, Promise to Create 2,500 Jobs

Amazon says it will open two new fulfilment centres in southern Ontario and create more than 2,500 jobs by 2021. The Seattle e-commerce giant announced on Wednesday it plans to open one fulfilment centre in Hamilton, Ont. and another centre in Ajax, Ont by 2021,…

What Makes a Good Preschool Education

Editor’s Note: In the next five years, most of America’s most experienced teachers will retire. The Baby Boomers are leaving behind a nation of more novice educators. In 1988, a teacher most commonly had 15 years of experience. Less than three decades later, that number…

‘The Markets’ Are Amazing

Commentary People who don’t know me often ask, “What do you think of the markets?” or “Should I invest?” First of all: I think the markets are amazing at performing their primary function, which is helping all the world’s buyers and sellers come up with…

I Accidentally Pandemic-Prepped My House

My obsession with ventilation began long before the pandemic. Five years ago, when I moved from central Tokyo to the coast of Japan, a blanket of humidity seemed to levitate out from the sea and the surrounding mountains, wrapping everything I owned in a moist…

The US Stock Market Matters to All Californians

Commentary California receives about half of its personal income tax revenue from people who sell assets and pay the state income tax on that gain. Happily, the stock market is doing so well that at least this portion of California’s expected state revenues seems relatively…

Buffett Looks to Japan With $6 Billion Bet on Five Biggest Trading Firms

Berkshire Hathaway Inc. has bought a 5 percent stake in each of Japan’s five biggest trading houses, together worth over $6 billion, marking a departure for Chairman Warren Buffett as he looks beyond the United States to diversify his conglomerate. The long-term investment in Itochu…

A Warning to Stock Trading Do-It-Yourselfers

Commentary The national financial press is running articles suggesting that the large increase in individuals playing in the stock market is driving up the prices of some U.S. stocks. Bloomberg Intelligence reports that the percentage of shares traded by individuals in the United States is…

Your Tote Bag Can Make a Difference

My newly adopted home state is on fire again: Scorching heat and lightning strikes have sparked dozens of fires across California, burning an area the size of Rhode Island. Iowa is reeling from a deadly derecho. The mountain west is suffering through a severe drought.…

Democrats Are Trying to Save Climate Policy From the Senate

Why has the United States done so little politically to combat climate change? Blame the Senate. For the past quarter century, the world’s greatest deliberative body has killed virtually any bill that would ensure the continued habitability of the world. Through its slow process, excessive…

The GoFundMe Economy Was Never Going to Work

Across the country, parents are using Facebook to form “pandemic pods,” hiring tutors or out-of-work teachers to educate their kids as school district after school district announces that it will go partially or fully virtual. Beloved mom-and-pop stores are flooding sites such as GoFundMe to…

The Climate Crisis Is Still a Crisis

With former Vice President Joe Biden leading in the polls and Democratic control of the Senate possible, the United States may soon have the chance, for the first time in more than a decade, to enact urgently needed legislation to address global climate change—but only…