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Monthly Archives: October 2023

53-year-old early retiree shares 3 regrets from his 20s

If you want to retire early, there isn’t a ton of room to make financial mistakes since you’re aiming to hit a certain net worth on a truncated timeline.  One big investment that doesn’t pay off or a major unnecessary purchase could derail your progress and delay your plans to …

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Social Security may affect workers in 2024. 3 rules to keep in mind

Dardespot | E+ | Getty Images Social Security beneficiaries stand to get a boost to their benefits next year, based on a 3.2% cost-of-living adjustment. But there are several thresholds workers should keep in mind, based on new numbers for 2024 that were recently announced by the Social Security Administration. …

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Chinese IPO listings overseas getting complicated, says NYSE’s Ge

Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters There is strong appetite among Chinese companies to list on U.S. stock exchanges, but these IPOs have become …

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Dropbox hands over 25% of San Francisco headquarters back to landlord

Drew Houston, Dropbox Co-Founder and CEO. Arun Nevader | CNBC Dropbox said Friday that it’s agreed to return over one quarter of its San Francisco headquarters to the landlord as the commercial real estate market continues to soften following the Covid pandemic. In a filing, Dropbox said it agreed to …

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It’s a ‘roof over your head’

When it comes to buying a home, think of it as a place to live — not as an investment.  A home is simply “a roof over your head” and a place to create memories, said Douglas Boneparth, certified financial planner and co-author of “The Millennial Money Fix,” in an …

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Running a franchise business like fast food is getting more expensive

A customer views a digital menu at the drive-thru outside a McDonald’s restaurant in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images McDonald’s decision to raise royalty fees for the first time in nearly three decades doesn’t mean a wave of franchisees across corporate brands are about to see …

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No. 1 factor behind Americans’ most successful investments

Think of your biggest investing success. Maybe it was a mega-sized company whose stock you bought when it was just a startup. Maybe you got in and out of crypto at the right time. Maybe you even managed to cash in on a meme stock. There are many reasons why …

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Cathie Wood explains how the AI boom could propel Ark’s Innovation ETF

Ark Invest’s Cathie Wood said this week that investors in her firm’s flagship Ark Innovation ETF (ARKK) stand to profit given the artificial intelligence boom. “We’re ready for prime time,” she told Bob Pisani on CNBC’s “ETF Edge” on Monday. “The dream [of AI] is no longer; it’s a reality.” …

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What 8% mortgage rates mean for home affordability

Lifestylevisuals | E+ | Getty Images The average 30-year fixed mortgage rate just hit 8% for the first time since 2000, putting housing financing costs at historically high levels. Given high prices and high interest rates, homebuyers must earn $114,627 to afford a median-priced house in the U.S., according to …

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Prosecutors in SBF trial compare defense argument to ‘Dumb and Dumber’

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023.  Amanda Perobelli | Reuters Prosecutors in the criminal trial against FTX founder Sam Bankman-Fried compared one of the …

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