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Our Resident Income Expert Weighs In On The Fed

“To make sense of all this, I turned to StreetAuthority’s resident income expert, Nathan Slaughter” writes Nathan Slaughter for nasdaq.com. Realty Income (NYSE: O), Reaves Utility Income (NYSE: UTG), and F&C Total Return (NYSE: FLC) have all outpaced the market this year, delivering gains of 27%, 32%, and 42%, respectively.Value stocks (including most dividend payers) have been playing second fiddle to growth stocks for a decade now.Collecting a passive income stream of 3% or 4% almost seems quaint when tech stocks are delivering sizzling triple-digit gains.Large-cap growth stocks have enjoyed…

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People say life insurance should cover 10 times your income, but as a financial adviser I can tell you that isn’t always enough

“I’m also 100% certain the common wisdom to purchase 10 times your income in life insurance coverage is leaving families at risk” writes Jeff Rose for businessinsider.com. Then again, there’s a lot to think about and make sure life insurance covers, and there’s really no “perfect” formula to determine how much life insurance coverage you should buy anyway.They may desperately want to stay home, but how much life insurance you have may make that decision for them.Buying 10 times your income in life insurance may be common wisdom, but I tend…

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A Southern California couple who worked ‘blue collar’ jobs plans to retire comfortably thanks to 3 strategies they started years ago

“He estimates that his Social Security income will be about $4,000 per month, but estimates that their retirement income will be significantly more thanks to stocks and bonds, dividends, rental income, and retirement savings” writes Liz Knueven for businessinsider.com. By starting to save early, their contributions had years to grow and earn compound interest, through which interest earns interest on itself.At 28, Corky started his own business and set up a 401(k) at his company, and Patti contributed to one at her job as well.As self-described “blue-collar workers” in expensive…

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A good debt-to-income ratio can help you get a loan. Here’s what lenders look for.

“Your debt-to-income ratio (DTI) is an important factor in the borrowing process and shows lenders your ability to pay back a loan” writes Melanie Lockert for businessinsider.com. If you’re applying for a loan or a mortgage, one of the factors that lenders consider is your debt-to-income ratio.To figure out your debt-to-income ratio, you’d divide your debt payments by your gross income: Take that number and multiply it by 100 to get your debt-to-income ratio, which in this case would be 30%.Keeping your debt-to-income ratio as low as possible will boost…

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Inflation inequality deepens wage losses for America’s poorest

“The sharp rise in U.S. income inequality has spawned yet another gap that is putting even more pressure on the poorest Americans” writes Pedro Nicolaci Da for marketwatch.com. He finds that annual inflation rates for those at the bottom of the income distribution are substantially higher than for those at the top of the income distribution, effectively increasing income inequality.The average middle-income household lost about $1,250 of purchasing power through 2018 to higher prices attributable to inflation inequality, according to the findings. “Inflation inequality significantly accentuates both the incidence of…

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Markets News 

MOEX Reports Weak FX Volume, But Solid Equities in Q3

“MOEX posted a trading volume of RUB 3.3 trillion for the equities market in the third quarter” writes Celeste Skinner for financemagnates.com. During the third quarter, the fee and commission income for MOEX grew to RUB 6.4 billion ($100.3 million).London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now In particular, the equities market recorded a fee and commission income of RUB 604.8 million.The derivatives market noted a fee and commission income of RUB 774.0 million.For the third quarter, the net fee and commission income was…

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AIG vs The Hartford: A Detailed Comparison Of Revenues

“AIG has higher revenues and a much more diversified business model compared to its peer” writes Trefis Team for nasdaq.com. Per Trefis, AIG’s Revenues (shows key revenue components) are expected to cross $49.7 billion in 2019 – leading to an EPS of $4.70 for the year.Further, it has maintained its lead primarily due to notably higher General Insurance revenues. Source: nasdaq.com

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Early retirement gone wrong: how to make sure your FIRE plans don’t get derailed

“If you miscalculate your future expenses, you could end up exhausting your nest egg ahead of schedule” writes Markets Reporter for marketwatch.com. In fact, the biggest unexpected cost in retirement is a major home repair, according to a Society of Actuaries study on unexpected or shocking retirement expenses.If your early retirement is a team effort as part of a marriage or committed partnership, experts say you need to make sure you also plan for if it were just you.For members of the FIRE movement — short for “financial independence, retire…

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CIB achieves net profits of EGP3.2bn in 3Q19

“The main driver behind its strong earnings growth is the EGP 5.4bn surge in the net interest income with 24% YoY growth, beside constituting 90% of core banking income” writes Doaa Elboraie for dailynewssegypt.com. On the financial position front, CIB registered an aggregate 9.3% year to date (YTD) growth and 3.6% QoQ to record EGP 374bn in 3Q19, mainly driven by 11.7% YTD growth in retail deposits to EGP 188bn.Meanwhile, gross loans were almost flat, recording 3.5% YTD and -0.2% QoQ, standing at EGP122.4bn as of 3Q19.On the other hand,…

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