Home equity loans or refinancing? Here’s what to look for, according to this top investment advisor

With fears about a possible recession on the horizon, people are coming up with different ways to get their hands on some cash. Some may even be thinking about taking out a home equity line of credit as an insurance policy in case the economy goes south. But is taking out a home equity loan, or HELOC, a smart idea — whether as an insurance policy or even just to do home improvements? According to financial expert Ric Edelman, founder and executive chairman of Edelman Financial Engines, “It doesn


With fears about a possible recession on the horizon, people are coming up with different ways to get their hands on some cash. Some may even be thinking about taking out a home equity line of credit as an insurance policy in case the economy goes south. But is taking out a home equity loan, or HELOC, a smart idea — whether as an insurance policy or even just to do home improvements? According to financial expert Ric Edelman, founder and executive chairman of Edelman Financial Engines, “It doesn
Home equity loans or refinancing? Here’s what to look for, according to this top investment advisor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: michelle fox
Keywords: news, cnbc, companies, advisor, insurance, look, refinancing, rate, financial, equity, credit, taking, edelman, loans, bond, loan, investment, policy, according, heres


Home equity loans or refinancing? Here's what to look for, according to this top investment advisor

With fears about a possible recession on the horizon, people are coming up with different ways to get their hands on some cash.

Some may even be thinking about taking out a home equity line of credit as an insurance policy in case the economy goes south.

Those concerns were renewed on Thursday when a warning signal flashed once again from the bond market: The benchmark 10-year Treasury bond broke below the 2-year rate for the third time in less than two weeks. That’s called an inverted yield curve, and it is a phenomenon that often has been a reliable, yet early, indicator of economic recessions.

But is taking out a home equity loan, or HELOC, a smart idea — whether as an insurance policy or even just to do home improvements? And what impact would it have on your credit history?

According to financial expert Ric Edelman, founder and executive chairman of Edelman Financial Engines, “It doesn’t necessarily hurt your score.”

Your credit score is a number that represents the risk a creditor, like a bank or lender, will take on you when you borrow money. It can determine the interest rate you will pay for credit cards, car loans and home mortgages — or whether you will get a loan at all.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: michelle fox
Keywords: news, cnbc, companies, advisor, insurance, look, refinancing, rate, financial, equity, credit, taking, edelman, loans, bond, loan, investment, policy, according, heres


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Amazon opens its biggest global campus in India

Amazon has 62,000 employees in India, roughly a third of whom are based in Hyderabad. “The investment to create an office of this size indicates that we are going to continue to grow,” Amazon India country manager Amit Agarwal told Reuters on Wednesday. The company’s vice president of global real estate and facilities, John Schoettler, said the Hyderabad campus would host employees across divisions, including Amazon Web Services. In late December, India modified rules around foreign direct inves


Amazon has 62,000 employees in India, roughly a third of whom are based in Hyderabad. “The investment to create an office of this size indicates that we are going to continue to grow,” Amazon India country manager Amit Agarwal told Reuters on Wednesday. The company’s vice president of global real estate and facilities, John Schoettler, said the Hyderabad campus would host employees across divisions, including Amazon Web Services. In late December, India modified rules around foreign direct inves
Amazon opens its biggest global campus in India Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21
Keywords: news, cnbc, companies, india, ecommerce, biggest, amazon, company, operations, hyderabad, prime, investment, opens, global, campus, employees


Amazon opens its biggest global campus in India

Jeff Bezos, right, CEO of Amazon, is presented with the 2016 USIBC Global Leadership Award by Indian Prime Minister Narendra Modi during the 41st Annual Leadership Summit at the Mellen Auditorium, June 7, 2016 in Washington.

Amazon on Wednesday launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest growing overseas markets.

The move comes months after the Seattle-based company scrapped plans to build a major outpost in New York, blaming opposition from local leaders. Amazon picked Arlington, Virginia, as the site for its upcoming second headquarters.

The new campus in India, spread over 9.5 acres and costing “hundreds of millions of dollars”, will house over 15,000 employees, the company said. Amazon has 62,000 employees in India, roughly a third of whom are based in Hyderabad.

“The investment to create an office of this size indicates that we are going to continue to grow,” Amazon India country manager Amit Agarwal told Reuters on Wednesday.

The company’s vice president of global real estate and facilities, John Schoettler, said the Hyderabad campus would host employees across divisions, including Amazon Web Services.

India is considered the last major growth market for the e-commerce giant, but it faces increasing competition from local players. Founder Jeff Bezos has committed an investment of over $5 billion for India operations as the company seeks to fend off competition from Walmart Inc’s e-commerce unit Flipkart.

Amazon has also been exploring other possible tie-ups with brick-and-mortar retailers in the country.

In late December, India modified rules around foreign direct investment in e-commerce, adding to hurdles for Amazon and Flipkart.

Amazon started operations in India in 2004 from Hyderabad, but it launched its retail operations only in 2013.

The company has since added video streaming and grocery delivery services under its Prime offerings and is also working on a restaurant food delivery service.

WATCH: Why Danone’s dairy division failed in India


Company: cnbc, Activity: cnbc, Date: 2019-08-21
Keywords: news, cnbc, companies, india, ecommerce, biggest, amazon, company, operations, hyderabad, prime, investment, opens, global, campus, employees


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Huge deals from the likes of Amazon help UK tech start-ups score record foreign investment

British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday. U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies in the first seven months of 2019, research from industry group Tech Nation and data firm Dealroom showed. Last year, U.K. start-ups raised $2.9 billion from American and Asian investors. Including domestic sources of cash, $6.7 bil


British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday. U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies in the first seven months of 2019, research from industry group Tech Nation and data firm Dealroom showed. Last year, U.K. start-ups raised $2.9 billion from American and Asian investors. Including domestic sources of cash, $6.7 bil
Huge deals from the likes of Amazon help UK tech start-ups score record foreign investment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: ryan browne
Keywords: news, cnbc, companies, investment, asian, record, foreign, score, likes, help, million, startups, uk, venture, funding, tech, start, huge, billion, nation


Huge deals from the likes of Amazon help UK tech start-ups score record foreign investment

British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday.

U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies in the first seven months of 2019, research from industry group Tech Nation and data firm Dealroom showed. Last year, U.K. start-ups raised $2.9 billion from American and Asian investors.

The eye-watering sum was boosted by nine-figure deals from capital-rich companies like Amazon and SoftBank. In May, Amazon led a $575 million funding round for Deliveroo — although that was hit with a warning from the U.K. competition regulator — while SoftBank’s notable U.K. investments include $800 million for Greensill and $390 million for OakNorth.

Including domestic sources of cash, $6.7 billion has been invested into private British tech firms overall in 2019, Tech Nation said, adding that figure could rise to a record $11 billion by the end of the year. The organization said U.S. corporate venture capital funding for U.K. start-ups has risen by 3% in the last six years, while Asian corporate funding is up 20%.

“It’s evidence for us that there’s growing interest for emerging technologies that are gaining a lot of traction in the U.K. from foreign investors,” George Windsor, Tech Nation’s head of insights, told CNBC in a phone interview. “This shows us the U.K. is continuing to perform strongly on the global stage, and for us this is just the start.”


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: ryan browne
Keywords: news, cnbc, companies, investment, asian, record, foreign, score, likes, help, million, startups, uk, venture, funding, tech, start, huge, billion, nation


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If you invested $1,000 in Tesla in 2010, here’s how much you’d have now

As of August 2018, a $1,000 investment in Tesla made in 2010 would have been worth more than $22,300 — more than 21 times the initial investment. Nearly a decade later, a $1,000 investment in Tesla made in 2010 would be worth more than $11,500 as of Aug. 16, 2019, according to CNBC calculations. By comparison, a $1,000 investment in the S&P 500 would have earned a total return of nearly 220% over the same period. Tesla’s market value is up more than 1,000% since the electric-car maker first sold


As of August 2018, a $1,000 investment in Tesla made in 2010 would have been worth more than $22,300 — more than 21 times the initial investment. Nearly a decade later, a $1,000 investment in Tesla made in 2010 would be worth more than $11,500 as of Aug. 16, 2019, according to CNBC calculations. By comparison, a $1,000 investment in the S&P 500 would have earned a total return of nearly 220% over the same period. Tesla’s market value is up more than 1,000% since the electric-car maker first sold
If you invested $1,000 in Tesla in 2010, here’s how much you’d have now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: anna hecht
Keywords: news, cnbc, companies, investment, invested, teslas, 1000, funding, heres, 2010, solar, market, tweets, tesla, 2019, youd, musk


If you invested $1,000 in Tesla in 2010, here's how much you'd have now

Around this time last year, Tesla’s CEO, Elon Musk , caused controversy with a now infamous tweet that said, on Aug. 7: “Am considering taking Tesla private at $420. Funding secured.”

While a return of more than 11 times the initial investment is impressive, Tesla’s stock price has dropped in the past year. As of August 2018, a $1,000 investment in Tesla made in 2010 would have been worth more than $22,300 — more than 21 times the initial investment.

If you invested back then when the initial public offering’s price per share was just $17, your investment would have paid off. Nearly a decade later, a $1,000 investment in Tesla made in 2010 would be worth more than $11,500 as of Aug. 16, 2019, according to CNBC calculations. By comparison, a $1,000 investment in the S&P 500 would have earned a total return of nearly 220% over the same period.

Tesla’s market value is up more than 1,000% since the electric-car maker first sold stock in 2010.

On the same day, Musk also published a letter on Tesla’s website explaining his thinking. “Basically, I’m trying to accomplish an outcome where Tesla can operate at its best, free from as much distraction and short-term thinking as possible, and where there is as little change for all of our investors, including all of our employees, as possible,” he wrote in the letter, which was also sent to Tesla employees.

After the take-private tweets, Musk faced fraud charges from the SEC. The financial regulator alleged his claims that he had “funding secured,” were false and misleading. Musk and Tesla reached a first, then a revised, settlement agreement with the SEC over the offending tweets. As a result of the settlement, Musk and Tesla each paid a $20 million fine, and Musk was forced to resign from his chairman role on Tesla’s board.

While Tesla’s stock price has suffered over the past year, its CEO is seeing success in other areas of business. In May 2019, investors close to the latest round of funding for SpaceX, which is Musk’s other company, told CNBC that it was now valued at $33.3 billion. Since the start of 2019, the space company has raised more than $1 billion in fresh funding, and in August, it successfully launched its Falcon 9 rocket.

This spring, it was even reported that SpaceX’s private worth had surpassed Tesla’s market capitalization, which at that time, had fallen to $32.8 billion. While Tesla has a massive market cap, the company has never managed to be profitable for a full year, which is why it’s not on the S&P 500.

Currently, Tesla’s market cap has perked back up and sits around $40 billion.

Despite Tesla’s recent travails, it notched a record quarter for electric vehicle sales in its last quarter with 95,200 deliveries to customers then.

Musk tweeted on July 29, 2019, about reviving Tesla’s solar panel business, saying the company aims to manufacture around 1,000 solar roofs per week by the end of the year. He followed up with tweets on Aug. 18, 2019, that customers in some states can rent residential solar rooftop systems. These tweets came before news that Walmart is suing Tesla after solar panels atop seven of the retailer’s stores allegedly caught fire, according to a court filing, CNBC reported Tuesday afternoon.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: anna hecht
Keywords: news, cnbc, companies, investment, invested, teslas, 1000, funding, heres, 2010, solar, market, tweets, tesla, 2019, youd, musk


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Ex-SEC chief: Markopolos targeting GE for a short-seller and not as a whistleblower ‘suspicious’

“One of the ways you can test Markopolos’ bona fides, however, is the fact that the SEC has a whistleblower provision. Frenkel said that regulators are going to want to know the “intent behind issuing the information publicly” and whether Markopolos’ information is accurate. Pitt and Frenkel, appearing together for a “Squawk Box” interview, spoke before GE issued a more detailed response to Markopolos’ allegations. “We operate with absolute integrity and stand behind our financial reporting,” wr


“One of the ways you can test Markopolos’ bona fides, however, is the fact that the SEC has a whistleblower provision. Frenkel said that regulators are going to want to know the “intent behind issuing the information publicly” and whether Markopolos’ information is accurate. Pitt and Frenkel, appearing together for a “Squawk Box” interview, spoke before GE issued a more detailed response to Markopolos’ allegations. “We operate with absolute integrity and stand behind our financial reporting,” wr
Ex-SEC chief: Markopolos targeting GE for a short-seller and not as a whistleblower ‘suspicious’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: matthew j belvedere
Keywords: news, cnbc, companies, investment, exsec, shortseller, suspicious, pitt, chief, sec, public, financial, ge, issuing, frenkel, targeting, markopolos, whistleblower


Ex-SEC chief: Markopolos targeting GE for a short-seller and not as a whistleblower 'suspicious'

Former SEC Chairman Harvey Pitt on Monday questioned the motivation of Harry Markopolos, the Bernie Madoff whistleblower who unveiled a long list of allegations against General Electric last week in an investigation for a short seller.

“One of the ways you can test Markopolos’ bona fides, however, is the fact that the SEC has a whistleblower provision. And if he had brought all of his data to the SEC first, he would reap potentially up to 30% of the potential recovery that the SEC might obtain in connection with this case, ” Pitt told CNBC.

“Instead what he did was go public, blast the company without giving the company a chance even to address his concerns,” Pitt said. “Those are factors that make this look suspicious.”

Jacob Frenkel, former senior counsel for the SEC Division of Enforcement, said Markopolos “stepped up the risk to himself, and to others, by going public as opposed to letting the SEC run its process.” Frenkel said that regulators are going to want to know the “intent behind issuing the information publicly” and whether Markopolos’ information is accurate.

Pitt and Frenkel, appearing together for a “Squawk Box” interview, spoke before GE issued a more detailed response to Markopolos’ allegations. “We operate with absolute integrity and stand behind our financial reporting,” wrote Steve Winoker, vice president of GE investor communications. He added that GE believes it has sufficient reserves for its long-term care insurance business and that its consolidated financial statement for its investment in Baker Hughes was proper.

In a 175-page report, which made headlines Thursday, Markopolos accused GE of issuing fraudulent financial statements to hide the extent of its accounting problems in a $38 billion fraud bigger than Enron. In a CNBC interview, Markopolos said GE is a bankruptcy waiting to happen. Best known for pointing out irregularities with Madoff’s investment strategy years before the Ponzi scheme was exposed, Markopolos also disclosed that he conducted the research into GE at the behest of a hedge fund, which he refused to name. “I have a family to support,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: matthew j belvedere
Keywords: news, cnbc, companies, investment, exsec, shortseller, suspicious, pitt, chief, sec, public, financial, ge, issuing, frenkel, targeting, markopolos, whistleblower


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Trump’s tax cut isn’t giving the US economy the boost it needs

If ever the U.S. economy could use a strong tax cut tail wind, it could use one now as conditions weaken around the world. Those levels assure the failure of another tax cut promise. Tax cut backers painted a picture of robust new business investment that would revive American manufacturing and create good-paying jobs at home. Increased demand was itself limited by the fact that so much of the tax cut proceeds went to higher-income households with lower propensity to spend. But there’s no sign t


If ever the U.S. economy could use a strong tax cut tail wind, it could use one now as conditions weaken around the world. Those levels assure the failure of another tax cut promise. Tax cut backers painted a picture of robust new business investment that would revive American manufacturing and create good-paying jobs at home. Increased demand was itself limited by the fact that so much of the tax cut proceeds went to higher-income households with lower propensity to spend. But there’s no sign t
Trump’s tax cut isn’t giving the US economy the boost it needs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: john harwood
Keywords: news, cnbc, companies, economic, cuts, growth, tax, trump, trumps, cut, isnt, economy, investment, business, economists, boost, needs, giving, president


Trump's tax cut isn't giving the US economy the boost it needs

President Donald Trump promotes a newly unveiled Republican tax plan as he meets with House Republican leaders and Republican members of the House Ways and Means Committee in the Cabinet Room of the White House in Washington, November 2, 2017.

If ever the U.S. economy could use a strong tax cut tail wind, it could use one now as conditions weaken around the world.

But the tail wind isn’t there.

Instead, benefits from what President Donald Trump called “the biggest reform of all time” to the tax code have dwindled to a faint breeze just 20 months after its enactment. Half of corporate chief financial officers surveyed by Duke University expect the economy to shrink by the second quarter of 2020. Two-thirds expect a recession by the end of next year.

Corporate executives blame the darkening outlook on Trump’s trade war with China. The president blames mismanagement by Jerome Powell, the Federal Reserve chairman he appointed.

But economists who have examined the impact of the 2017 Tax Cuts and Jobs Act say it isn’t helping much in any of the ways advocates once advertised: overall growth, business investment, or worker pay. The strongest current case for the law’s economic benefits is that it remains too early to see them.

Most broadly, the tax cuts have not generated the promised growth of 3% or more – even in tandem with the additional stimulus of large government spending increases that Congress enacted separately. After an uptick in the second quarter of 2018, growth declined in the next two quarters to end up at 2.9% for the year.

Goldman Sachs economist Jan Hatzius says that second-quarter surge – initially measured at 4.2% but later revised down to 3.5% – represented the tax law’s peak impact. He expects it to vanish altogether by late this year or early 2020, as the economy returns to the same 2% growth levels Trump inherited from President Barack Obama.

Those levels assure the failure of another tax cut promise. Trump and congressional Republicans insisted the law would spur so much economic activity that surging new revenues would replace those lost through lower tax rates.

In reality, deficits have soared back toward the $1 trillion mark reached during the Wall Street crisis and Great Recession a decade ago. A Congressional Research Service analysis concluded that the law has produced no more than 5% of the growth needed to offset tax cut losses.

Tax cut backers painted a picture of robust new business investment that would revive American manufacturing and create good-paying jobs at home. But investment and manufacturing have slumped so much lately that Powell cited their weakness in announcing interest rate cuts last month.

Economists say the improved 2018 growth resulted largely from the boost in aggregate demand generated by tax cuts and spending hikes. Increased demand was itself limited by the fact that so much of the tax cut proceeds went to higher-income households with lower propensity to spend.

Today, “the economic benefits of the Tax Cuts and Jobs Act seem to have petered out,” Tax Policy Center analysts wrote early this month. “The economy’s strength now seems to lie almost entirely with consumer spending.”

Like overall growth, business investment spiked temporarily in 2018. Economists disagree on whether that stemmed from new incentives in the tax cut law or just oil price increases that encouraged more domestic energy production.

An analysis by Alexander Arnon at the University of Pennsylvania’s Penn Wharton Budget Model found that the rising price of oil “explains the entire increase in the growth rate of investment in 2018.” The Penn Wharton Budget Model is directed by Kent Smetters, a former economist for President George W. Bush.

The idea that lower taxes would boost business investment sounds intuitive. But in examining lackluster investment growth after the 2017 tax cut compared with earlier ones, International Monetary Fund economists this spring identified an explanation: corporate consolidation has freed dominant firms with high profit margins to invest as they choose with less regard for government tax rates.

“In an environment of rising market power, corporate tax cuts become less effective at raising investment,” the IMF economists wrote.

The economic expansion that began in 2010, now the longest in American history, has driven unemployment down to a 50-year low. But there’s no sign the tax cut has fattened paychecks very much for average workers.


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: john harwood
Keywords: news, cnbc, companies, economic, cuts, growth, tax, trump, trumps, cut, isnt, economy, investment, business, economists, boost, needs, giving, president


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Worried about a recession? Don’t panic, say financial advisors, but do be prepared

kate_sept2004 | E+ | Getty ImagesIf you are worried about a possible recession on the horizon, there are some financial moves you can make to help protect yourself. “We will eventually go into recession,” said certified financial planner Diahann Lassus, co-founder, president and chief investment officer of wealth-management firm Lassus Wherley, a subsidiary of Peapack-Gladstone Bank. Don’t panic, don’t make hasty financial and investment decisions. With that in mind, here are some things you can


kate_sept2004 | E+ | Getty ImagesIf you are worried about a possible recession on the horizon, there are some financial moves you can make to help protect yourself. “We will eventually go into recession,” said certified financial planner Diahann Lassus, co-founder, president and chief investment officer of wealth-management firm Lassus Wherley, a subsidiary of Peapack-Gladstone Bank. Don’t panic, don’t make hasty financial and investment decisions. With that in mind, here are some things you can
Worried about a recession? Don’t panic, say financial advisors, but do be prepared Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: michelle fox
Keywords: news, cnbc, companies, panic, dont, say, things, recession, lassus, boneparth, savings, investment, financial, sure, prepared, good, worried, advisors


Worried about a recession? Don't panic, say financial advisors, but do be prepared

kate_sept2004 | E+ | Getty Images

If you are worried about a possible recession on the horizon, there are some financial moves you can make to help protect yourself. Those concerns flared up on Wednesday after a warning signal came from the bond market. At one point during the trading session, the benchmark 10-year Treasury bond briefly broke below the 2-year rate. That’s called an inverted yield curve, and it is a phenomenon that often has been a reliable, yet early, indicator of economic recessions. Stocks plunged on the news, with the Dow Jones Industrial Average logging its worst performance of 2019 on Wednesday. On Thursday, equities seesawed, thanks, in part, to some positive economic data that indicate a relatively strong U.S. economy. “We will eventually go into recession,” said certified financial planner Diahann Lassus, co-founder, president and chief investment officer of wealth-management firm Lassus Wherley, a subsidiary of Peapack-Gladstone Bank. “The business cycle is the business cycle. “The real question is when and for how long?” she added.

Jim Cramer appeared on the TODAY show to discuss recession fears in the wake of the Dow plummeting on August 14, 2019.

While the yield curve may be one early sign, another thing investors should watch is the overall economy, including retail sales and home buying, which provides insight into how the consumer is faring, said Lassus, a member of the CNBC Digital Financial Advisor Council. On Thursday, the Commerce Department said retail sales rose for July, beating expectations.

Don’t panic, don’t make hasty financial and investment decisions. Mitch Goldberg ClientFirst Strategy

Mitch Goldberg, president of ClientFirst Strategy in Melville, New York, also looks at things like the price of copper, sovereign bond interest rates and things that are “breaking” — such as Argentina’s economy and auto sales. “Strong global stock markets and low interest rates cover up a lot of cracks,” he said. “You are starting to see cracks develop.” Therefore, you should be prepared for any market downturn. “Many times, hindsight is 20/20,” said certified financial planner Douglas Boneparth, president of Bone Fide Wealth, a New York firm that focuses on millennials and young professionals. “Most people don’t know we’re in a recession until it’s too late.” With that in mind, here are some things you can do to be prepared in the event a recession is on the horizon.

Focus, don’t panic

“Now is a good time for investors to not only look at their to-do list but to make sure that they have a to-don’t list,” said Goldberg. “The things on the to-don’t list would be don’t panic, don’t make hasty financial and investment decisions.” What you should do is make sure that you have the risk tolerance and time horizon to tough out the volatility, he said.

Take stock of your personal life

It’s also a smart idea to take the temperature of your personal life, said Boneparth, a member of the CNBC Digital Financial Advisor Council. “How do you feel about your job? Do you feel safe?” he said. “What is the risk in your life right now? Did you just have a child? … Are you in good health?” More from Invest in You:

How much you’ll need to save monthly to retire with $2 million

Four essential documents that could save your financial life

Here are the answers to your top investment worries If you don’t feel your job is secure, then make sure your resume is up to date, added Lassus. “If you’re great and your job is in good shape that is fabulous but it still pays to think about those things and plan ahead,” she said.

Make a plan

“This is your call to action to put a financial plan together,” said Boneparth. “Look at your entire financial situation in the context of your goals and be able to see how you are tracking those goals, how you are doing in achieving those goals and learn what it takes to get there,” he added. However, try not to worry so much — especially if you are not near retirement age. “For younger investors with time on their side, keep in mind that you have a long-term investment horizon — which means recessions, bear markets and corrections should be factored into your investment strategy,” Boneparth said.

Bulk up on cash

Jamie Grill | Getty Images

Check your cash reserves — do you have enough to weather a downturn? “You want to make sure you have the cash you need so you don’t have to sell things at the worst possible time,” like after your stocks, mutual funds or 401(k) have already lost a lot of value, said Lassus. Therefore, try to increase the amount of money you are saving each month, if you can. While the rule of thumb is to have three to six months of cash savings set aside perhaps bump that up to six to 12 months if you can, Boneparth suggested. “Nobody wants to reduce their savings to retirement or their kids’ college savings, but sometimes redirecting those savings towards greater amounts of cash or liquidity can do wonders for helping you navigate volatile markets, as well as recessions,” he said.

Don’t run up your credit cards

Think about your spending versus your earnings, Lassus said. “Are there ways you can cut back just in case you need to?” she said. “Are there things that have gotten out of control because you have been doing well financially? “Now is a really good time to check all of that and make sure you are in the right place.”

It’s not the end of the world


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: michelle fox
Keywords: news, cnbc, companies, panic, dont, say, things, recession, lassus, boneparth, savings, investment, financial, sure, prepared, good, worried, advisors


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Ray Dalio reveals the ‘most important thing you need to do’ to be a successful investor

If you are going to take investing advice from anybody, Ray Dalio is a good bet. Dalio founded investment firm Bridgewater Associates out of his two-bedroom apartment in New York City in 1975. According to Dalio, “diversifying well is the most important thing you need to do in order to invest well,” he wrote on LinkedIn on Monday. By diversifying, Dalio means spreading out your money into different kinds of investments, such as stocks, bonds, commodities, real estate, etc. Diversification is imp


If you are going to take investing advice from anybody, Ray Dalio is a good bet. Dalio founded investment firm Bridgewater Associates out of his two-bedroom apartment in New York City in 1975. According to Dalio, “diversifying well is the most important thing you need to do in order to invest well,” he wrote on LinkedIn on Monday. By diversifying, Dalio means spreading out your money into different kinds of investments, such as stocks, bonds, commodities, real estate, etc. Diversification is imp
Ray Dalio reveals the ‘most important thing you need to do’ to be a successful investor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: catherine clifford
Keywords: news, cnbc, companies, money, ray, linkedin, wrote, investment, stocks, hard, reveals, thing, successful, important, portfolio, investor, dalio, bonds, need


Ray Dalio reveals the 'most important thing you need to do' to be a successful investor

If you are going to take investing advice from anybody, Ray Dalio is a good bet.

Dalio founded investment firm Bridgewater Associates out of his two-bedroom apartment in New York City in 1975. Currently, Bridgewater Associates has $160 billion in assets under management, making it the largest hedge fund in the world.

According to Dalio, “diversifying well is the most important thing you need to do in order to invest well,” he wrote on LinkedIn on Monday.

By diversifying, Dalio means spreading out your money into different kinds of investments, such as stocks, bonds, commodities, real estate, etc.

Dalio said in the 2016 book “Money Master the Game: 7 Simple Steps to Financial Freedom” by Tony Robbins that a well-diversified portfolio might include 30 percent allocated to stocks, 40 percent to long-term U.S. bonds, 15 percent to intermediate U.S. bonds, 7.5 percent to gold and 7.5 percent to other commodities. A typical portfolio split of half stocks and half bonds is not really diversified, according to Dalio.

Diversification is important because there is so much you don’t know when you are putting your money in an investment, Dalio said in his LinkedIn post.

“It’s very hard to make money in the markets for the same reason that it’s hard to make winning bets at the racetrack: because the unknowns are so large in relation to what is ‘discounted’ or ‘priced in,'” Dalio wrote.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: catherine clifford
Keywords: news, cnbc, companies, money, ray, linkedin, wrote, investment, stocks, hard, reveals, thing, successful, important, portfolio, investor, dalio, bonds, need


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SoftBank Vision Fund makes its first-ever investment in an energy company

SoftBank’s Vision Fund announced its first investment in an energy company on Thursday, marking a shift for the $100 billion fund that has made its name pouring money into big tech companies like Uber, WeWork and Slack. The Vision Fund said it completed a $110 million investment in Swiss start-up Energy Vault, which creates renewable energy storage products. Energy Vault’s system uses recycled concrete blocks built into a tower that can store and release energy. SoftBank’s Vision Fund, which lau


SoftBank’s Vision Fund announced its first investment in an energy company on Thursday, marking a shift for the $100 billion fund that has made its name pouring money into big tech companies like Uber, WeWork and Slack. The Vision Fund said it completed a $110 million investment in Swiss start-up Energy Vault, which creates renewable energy storage products. Energy Vault’s system uses recycled concrete blocks built into a tower that can store and release energy. SoftBank’s Vision Fund, which lau
SoftBank Vision Fund makes its first-ever investment in an energy company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: elizabeth schulze
Keywords: news, cnbc, companies, energy, tech, vault, softbank, company, storage, cost, investment, fund, makes, companies, vision, billion, firstever


SoftBank Vision Fund makes its first-ever investment in an energy company

SoftBank’s Vision Fund announced its first investment in an energy company on Thursday, marking a shift for the $100 billion fund that has made its name pouring money into big tech companies like Uber, WeWork and Slack.

The Vision Fund said it completed a $110 million investment in Swiss start-up Energy Vault, which creates renewable energy storage products. Energy Vault’s system uses recycled concrete blocks built into a tower that can store and release energy.

“For the first time, we’ve got a cost point in economics with energy storage that enables renewables to be deployed below the cost of fossil fuel,” Energy Vault co-founder and CEO Robert Piconi told CNBC’s “Squawk Box Europe” Thursday.

SoftBank’s Vision Fund, which launched in 2017, has disrupted the venture capital model by injecting billions of dollars into start-ups, driving up their valuations. The Fund said last week its operating profit had jumped 66% year-on-year in the last quarter, thanks to valuation increases companies like food delivery platform Doordash and Indian hotel-booking firm Oyo. It said its $66.3 billion investment in 81 tech firms is now worth $82.billion.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: elizabeth schulze
Keywords: news, cnbc, companies, energy, tech, vault, softbank, company, storage, cost, investment, fund, makes, companies, vision, billion, firstever


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What Hong Kong’s unrest means for Asia’s largest financial hub

How bonds with negative yields work and why it’s bad for the… Imagine paying a highly educated, market-seasoned master of the financial universe to put your hard-earned cash in an investment that is guaranteed to lose. Marketsread more


How bonds with negative yields work and why it’s bad for the… Imagine paying a highly educated, market-seasoned master of the financial universe to put your hard-earned cash in an investment that is guaranteed to lose. Marketsread more
What Hong Kong’s unrest means for Asia’s largest financial hub Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: brian clark jordan smith, brian clark, jordan smith
Keywords: news, cnbc, companies, yields, marketseasoned, largest, asias, hong, theimagine, hub, work, means, negative, investment, kongs, financial, paying, master, losemarketsread, unrest, universe


What Hong Kong's unrest means for Asia's largest financial hub

How bonds with negative yields work and why it’s bad for the…

Imagine paying a highly educated, market-seasoned master of the financial universe to put your hard-earned cash in an investment that is guaranteed to lose.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: brian clark jordan smith, brian clark, jordan smith
Keywords: news, cnbc, companies, yields, marketseasoned, largest, asias, hong, theimagine, hub, work, means, negative, investment, kongs, financial, paying, master, losemarketsread, unrest, universe


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