The world’s biggest fund manager BlackRock has achieved a record profit margin, as new clients and lower costs boosted its assets, which attracted $84bn inflows in the third-quarter, with half going to its iShare business, an ideal passive investment vehicle where Exchange-Traded Funds are engineered to meet your investment goals. Its active equity funding attracted…
source Forbes Bill Gates (60), Microsoft head although 4.2 billion poorer than 2015, his net worth of $75bn, is the world’s richest billionaire for the 17th time in 22 years, beating Mexico’s Carlos Slim Helu, who came fourth, behind Zara’s Amancio Ortega and Warren Buffet, according to Forbes’ annual ranking of billionaires. Other top ten include…
Growth in global remittances, will slow sharply this year due to weak economic growth in Europe, deterioration of the Russian economy and the depreciation of the Euro and ruble according to the latest World Bank’s migration and development. The top five migrant destination countries continue to be the Untied States, Saudi Arabia, Germany, Russia and…
Washington: The US Senate has confirmed Richard Rahul Verma, President Barack Obama’s nominee to be the next American ambassador to India, making him the first Indian-American envoy in New Delhi. Verma, 46, a former key aide to then secretary of state Hillary Clinton, was approved by the Senate by a unanimous voice vote Tuesday, signifying…
I know what you’re probably thinking: How to invest money like a pension manager? Why would I do that? Because pension managers win. Among all long-term investors, it’s really only the pension managers who understand the risks.
While it’s impossible to precisely quantify the growth in single-family offices, the anecdotal evidence is clear. Relatively speaking, their numbers are booming. This trend is likely to intensify as it’s become self-reinforcing. Consequently, more than a few exceptionally wealthy families will embrace single-family offices to their chagrin.
Imagine making $250,000 and not having to pay taxes on it. That’s the generous tax break –the home sale exclusion — homeowners are entitled to when they sell their primary residence for a gain after having lived in the home for at least two of the five years immediately preceding the sale. Couples can shelter…
It’s about that time of year again when some college seniors start interviewing for jobs in finance. The interview process on Wall Street is known for being extremely nerve-wracking. We’ve heard all the interview horror stories and we’ve seen those lists of the incredibly challenging questions that get asked. Fortunately, Goldman Sachs has an excellent Careers Blog on its website, which features a…
I liked these thoughts from Warren Buffett on Bloomberg today: WARREN BUFFETT: Well I came up with that a long, long time ago to describe the situation that – I was lucky. I was born in the United States. The odds were 30 or 40-to-1 against that. I had some lucky genes. I was born…