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Trading Ideas

How Much Do I Need to Retire?

Planning for retirement begins with one question: “How much do I need to retire?” This is a question that haunts many people as they creep closer to 65. However, it doesn’t have to.
By preparing earlier in life, you can put yourself in a position to retire comfortably with the lifestyle you desire. While many Americans miss the mark in retirement savings, you can get a step ahead by following the guidelines below.

How Much Do I Need to Retire Comfortably?
Fidelity suggests that you aim to save 15% of your pre-tax income each year for retirement. This includes any contributions from your …read more […]

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Trading Ideas

Why You Should (Probably) Avoid Story Stocks

A compelling story can be very powerful, which is why story stocks are so hard for investors to resist.
Today, Nicholas Vardy explains why wealth builders shouldn’t trust story stocks as a “quick and easy” way to build wealth.

A compelling story is a powerful thing.
After all, a good story is concrete, convincing and easy to remember.
In the world of investing, a good story trumps rational financial analysis every time.
That’s why you always have “story stocks” no matter what the state of the market.
A story stock is never about the value of a well-established business model.
Whether it’s tulips, the “China miracle,” 3D …read more […]

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Business News

Comcast results beat forecasts on broadband growth; ‘Cats’ hits NBC Universal unit

Comcast Corp on Thursday beat Wall Street’s revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film “Cats” bombed at the box office.

…read more […]

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Tesla's German factory gets off to an explosive start

Seven U.S. bombs from World War Two have been found in the plot of land outside Berlin where electric car pioneer Tesla wants to build its first European factory, local authorities said on Thursday. The duds weigh about 50 kg each and explosives experts plan to defuse them in future, said a spokesman for the interior minister in the state of Brandenburg where the property is. Tesla has agreed to buy land in Gruenheide just outside Berlin where it wants to build a giant factory that would give its cars the “Made in Germany” branding. …read more […]

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Business News

Comcast results beat forecasts on broadband growth; ‘Cats’ hits NBC Universal unit

Comcast Corp on Thursday beat Wall Street’s revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film “Cats” bombed at the box office.

…read more […]