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Kevin Oneill

Financial Tips Corliss Group Online Magazine: Trust Facebook for investing advice? Not Yet - 1 views

Social media and financial advice aren't such an easy match after all. Sure, the initial attraction is obvious. With one stroke, advisers can woo clients with regular investment tips on Facebook a...

Financial Tips Corliss Group Online Magazine Trust Facebook for investing advice? Not yet

started by Kevin Oneill on 10 Oct 14 no follow-up yet
Gerald Hussen

Financial Tips Corliss Group Online Magazine - Top 7 Financial Tips From Nancy J. Lapoi... - 2 views

I was asked at a social wine event, "What are the most important tips you have learned that people typically don't know, but need to know?" That is a loaded question and very subjective. Basical...

Financial Tips Corliss Group Online Magazine Top 7 From Nancy J. Lapointe Navigate

started by Gerald Hussen on 10 Jul 14 no follow-up yet
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Kevin Oneill

Corliss Online Financial Mag Investing in small business ventures - 2 views

What can an individual who lives on a small salary do to invest and augment his income somehow? Here are some tips to follow: 1. Invest in something close to your heart Whether it is in music or ...

Corliss Online Financial Mag Investing in small business ventures

started by Kevin Oneill on 23 Aug 14 no follow-up yet
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Gerald Hussen

Financial Tips Corliss Group Online Magazine: Essential Money Tips for New College Grads - 1 views

Graduation is the theme all around my neighborhood. It is a time of excitement and big dreams. Unfortunately in most cases, personal financial sense is not a taught at college. Once out of colleg...

Financial Tips Corliss Group Online Magazine Essential Money for New College Grads

started by Gerald Hussen on 20 Jul 14 no follow-up yet
Gerald Hussen

Saving Money: Tips everyone in their 20s should know by Financial Tips Corliss Group On... - 2 views

www.csmonitor.com/...ryone-in-their-20s-should-know

Financial Tips Corliss Group Online Magazine Saving Money: everyone in their 20s should know

shared by Gerald Hussen on 18 Jul 14 - No Cached
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  • Gerald Hussen on 18 Jul 14
     
    Financial advisers stress that there are several money lessons everyone in their 20s should know. For example, start saving at least 10 percent of your monthly income. Changing your financial state requires a kind of time travel to commune with your future self. Where do you want to be in 10, 20 years? Are you on the right path, or heading in the wrong direction? The time value of money-that is, how savings, investments and debt levels compound with the passing of years-means that money habits, good or bad, created when we start to earn cash echo into the decades that follow. And a whispered bit of wisdom up front can keep you from howling over your mistakes later in life. We polled our NerdWallet network of Ask an Advisor certified financial planners about the greatest regrets and lessons you should learn in your 20s, 30s and 40s. Taken together, these could be considered 12 steps toward securing your financial future. And they all hinge on two keys skills we must learn-and often relearn-in our money lives: prepare and stick to a budget, and establish good savings habits. We'll address the 30s and 40s later this week, but first: your 20s. "Understand that the world has changed. You will be more responsible for your financial future in regard to earning a living, retirement planning, funding and investing, health insurance coverage and costs and less coverage through government programs," says Jerome Deutsch, managing director of U.S. Institutional Markets for Index Strategy Advisors in Decatur, Georgia. "Learn, plan and live mindfully and with a long-term perspective. It may not sound like fun, but you have a long life ahead of you."
martaakerman

Financial Blog Corliss Group Cybercrime Could Cost Global Economy Over $500 Billion - 2 views

www.infosecurity-magazine.com/...lobal-economy-over-500-billion

Financial Blog Corliss Group Cybercrime Global Economy $500 Billion

shared by martaakerman on 15 Jun 14 - No Cached
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  • martaakerman on 15 Jun 14
     
    McAfee report paints grim picture of lucrative industry, despite incomplete data. Cybercrime could be costing the global economy as much as $575 billion annually, according to a new report from McAfee. The Intel-owned security company based its estimate on a range of sources, from government agencies to NGOs and academic institutions, counting both direct and indirect costs. The report, Estimating the Global Cost of Cybercrime explained the methodology as follows: "This study assumes that the cost of cybercrime is a constant share of national income, adjusted for levels of development. We calculated the likely global cost by looking at publically available data from individual countries, buttressed by interviews with government officials and experts. We looked for confirming evidence for these numbers by looking at data on IP theft, fraud, or recovery costs. In addition to a mass of anecdotes, we ultimately found aggregate data for 51 countries in all regions of the world who account for 80% of global income. We used this data to estimate the global cost, adjusting for differences among regions." However, the vendor cautioned that "differences in the thoroughness of national accounting", as well as underreporting of incidents and the difficulty of valuing IP all make calculations an imprecise art. High income countries lost more as a percentage of GDP, which could be because they have better accounting systems in place and/or that their IP is more valuable and therefore a bigger target for criminals. The $575bn figure therefore comes from extrapolating a global total from high loss countries. It could be as low as $375bn if McAfee had extrapolated from "all countries where we could find open source data".
Silvia Ricci

Global Economy to Grow Less Than Expected by Financial Blog Corliss Group - 2 views

www.investing.com/...pected,-world-bank-says-289112

Financial Blog Corliss Group Global Economy Grow Less Than Expected World Bank

shared by Silvia Ricci on 14 Jun 14 - No Cached
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  • Silvia Ricci on 14 Jun 14
     
    By Maria Gallucci - Global economic growth is expected to dip this year, following the fiercely cold winter that plagued the United States and turbulence in Ukraine and the world's financial markets. The World Bank on Tuesday said it reduced its global growth forecast to 2.8 percent this year, down from a January projection of 3.2 percent, Bloomberg News reported. The U.S. forecast was cut to 2.1 percent from 2.8 percent, and outlooks for Brazil, Russia, India and China also fell -- a sign that emerging economies aren't moving fast enough or investing sufficiently in domestic structural reforms, which are needed to accelerate economic expansion, according to the Washington-based institution. It recommended smaller budget deficits, higher interest rates and productivity-boosting measures to stave off future financial unrest, Bloomberg said. The growth setbacks, however, might be short-lived. The 2015 projection for global economic growth held steady at 3.4 percent, Bloomberg noted, and growth is expected to regain speed this year despite earlier weaknesses, the World Bank said in its Global Economic Prospects report. "The financial health of economies has improved. ... But we are not totally out of the woods yet," Kaushik Basu, the lender's chief economist, said. "A gradual tightening of fiscal policy and structural reforms are desirable to restore fiscal space depleted by the 2008 financial crisis. In brief, now is the time to prepare for the next crisis."
candicesomer

Financial Blog Corliss Group Economic growth to accelerate around the world - 2 views

www.dw.de/...a-17700050

Financial Blog Corliss Group Economic growth accelerate around the world

shared by candicesomer on 13 Jun 14 - No Cached
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  • candicesomer on 13 Jun 14
     
    The World Bank's most recent Global Economic Prospects (GEP) report, released this week, says a global economic recovery is underway, underpinned by strengthening output and demand in high-income countries. Global GDP growth in 2014 will be 2.8 percent and it is expected to rise to about 4.2 percent by 2016, according to the report, which the World Bank publishes twice a year. Average GDP growth in developing countries has reached 4.8 percent in 2014, faster than in high-income countries but slower than in the boom period before the global financial and economic crisis of 2008. Demand side stimulus or supply side reforms? The global economic slowdown that struck in 2008 was caused by a financial crisis that resulted in large part from the bursting of an enormous, fraud-ridden mortgage lending bubble in the US. The crisis led to varying responses in different countries. The GEP report's authors said that in general, developing countries privileged demand stimulus policies over structural reforms during the past several years. For example, in 2008 to 2009, China implemented a four trillion-renminbi ($586 billion) stimulus program as a direct response to the slowdown in global trade caused by the global financial crisis. Critics pointed to over-investment in China as a risk to continued fast growth. The country is now struggling to contain a real estate bubble of its own. The World Bank wants China and other emerging countries to refocus on structural reforms. "A gradual tightening of fiscal policy and structural reforms are desirable to restore fiscal space depleted by the 2008 financial crisis," the bank's chief economist, Kaushik Basu, has said. "In brief, now is the time to prepare for the next crisis."
britneypearce

Financial Blog Corliss Group Lenders Fear Spread of Chinese Commodities Fraud Case - 2 views

dealbook.nytimes.com/...chinese-commodities-fraud-case

Financial Blog Corliss Group Lenders Fear Spread of Chinese Commodities Fraud Case

shared by britneypearce on 12 Jun 14 - No Cached
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  • britneypearce on 12 Jun 14
     
    Large banks and trading firms are frantically trying to determine whether they have fallen victim to a suspected commodities fraud emanating from the giant Qingdao Port in northeast China. Citigroup and several other large Western banks are concerned that their loans may lack the appropriate collateral, big stockpiles of copper and aluminum at the port. The banks have inspectors on the ground who are trying to assess whether enough of the metals are there. The worry stems from suspicions that a Chinese companies pledged the same collateral for multiple loans. Chinese authorities are investigating the matter. The case could have broad repercussions for the commodities market and the Chinese economy. Banks have funneled billions of dollars into the Chinese economy through these murky transactions, and commodities prices have been falling over concerns that such lending will dry up. Western banks, including Citigroup, are bracing for any potential fallout. Just months ago, Citigroup fell victim to a multimillion-dollar fraud in Mexico. If the Qingdao developments harm the bank, regulators and shareholders are likely to press it to explain why its controls had failed again. Chinese companies are at risk, too.
Gerald Hussen

Financial Blog Corliss Group| The Motley Fool: Every Sunday, Useful Tips on Investing - 2 views

Q: What's a leveraged buyout? A: A leveraged buyout (LBO) is when a company is bought out by another entity (or entities), using a lot of debt. Private-equity investors are typically invo...

Financial Blog Corliss Group The Motley Fool Every Sunday Useful Tips on Investing

started by Gerald Hussen on 26 May 14 no follow-up yet
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Philip Standifer

Financial Blog Corliss Group: 20 essential pre-flight checks for investors - 1 views

Financial Blog Corliss Group: 20 essential pre-flight checks for investors The simple checklists used by pilots and doctors every day have saved countless lives. Use these investment checklists to...

Financial Blog Corliss Group 20 essential pre-flight checks for investors

started by Philip Standifer on 29 May 14 no follow-up yet
Nike Polster

Financial Blog Corliss Group - Here's a tip: rubbish can be a dirty word - 2 views

Call him Matt Black, which is not his real name. He looks like a clean-cut junior executive, but he has a dirty little secret. These days Black is a regular lilywhite. He's a husband and father an...

Financial Blog Corliss Group Here's a tip rubbish can be dirty word

started by Nike Polster on 28 May 14 no follow-up yet
Sabina Dupras

Financial Blog Corliss Group: From Corporate Giants to Main Street, Fraud is on the Rise - 1 views

Investors, analysts and corporate directors rely on external audits to keep companies honest. But a new study says audits are woefully ineffective at uncovering fraud. In fact, more than twice as m...

Financial Blog Corliss Group From Corporate Giants to Main Street Fraud is on the Rise

started by Sabina Dupras on 27 May 14 no follow-up yet
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