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Bassirou Diomaye Faye est arrivé à la présidence du Sénégal il y a un an. L'occasion de faire un premier bilan de son action sur l'économie du pays, car quand il est entré en fonction, il avait beaucoup d'ambitions pour réformer le Sénégal. Décryptage. Bassirou Diomaye Faye souhaitait mener une transformation systémique du Sénégal. Ce sont les mots de ses ambitions en menant tout un tas de réformes, dont celle du service public. Car quand il est arrivé à la tête du Sénégal, la croissance était soutenue : aux alentours de 5-6 % par an. Le pays attendait les revenus des investissements réalisés sous son prédécesseur, Macky Sall, et notamment dans le secteur pétrolier et gazier. Mais il a dû aussi compter avec une dégradation des comptes publics et un fort taux de chômage, surtout chez les jeunes, situation couplée à un coût de la vie très élevé.Et justement, très vite, Bassirou Diomaye Faye a joué la carte de la transparence sur le sujet en commandant à la cour des Comptes un audit sur les finances du Sénégal. Dix mois de travail ont été nécessaires avant que les conclusions soient rendues publiques. Et elles sont claires : la dette est plus importante qu'annoncé, autour de 100 % du PIB. Le déficit budgétaire est quant à lui aux alentours de 12 % du PIB.Une transparence non sans conséquences L'agence de notation Moody's a immédiatement dégradé la note du pays à B3, deuxième dégradation pour cette agence en seulement quelques mois. De même pour Standard & Poors. Cela veut dire que si l'État veut emprunter, cela lui coutera plus cher en raison de taux d'intérêt plus élevés sur les marchés. Et puis les investisseurs étrangers, voyant les notes baisser, peuvent être dissuadés de faire des affaires au Sénégal. Mais l'exécutif assure garder le contrôle de la situation et espère renouer très vite avec le FMI qui a suspendu son programme à la suite des résultats de l'audit.Bassirou Diomaye Faye a aussi besoin d'une reprise rapide des décaissements pour appliquer son plan. Le président souhaite que le Sénégal renforce sa souveraineté économique et son indépendance financière. Il entend par là renégocier autant que possible les contrats pétroliers, gaziers et miniers pour que l'État obtienne une plus grande part des revenus. Il envisage une réforme fiscale et a aussi rappelé sa volonté d'abandonner le franc CFA, même si à ce jour aucune mesure n'a été dévoilée.Bassirou Diomaye Faye entend également redonner la priorité à l'agriculture et répondre aux besoins immédiats de sa population. Par exemple, en juin dernier, le gouvernement a annoncé une baisse des prix des denrées alimentaires comme le riz, l'huile, le sucre et le pain.À lire aussiGrand invité Afrique: Ayib Daffé: «La bonne gouvernance et la lutte contre la corruption sont les priorités du président Diomaye Faye»Une feuille de route pour les trente prochaines années Toutes ces mesures sont inscrites dans le plan Sénégal 2050. Une stratégie notamment tournée vers l'exploitation des ressources fossiles. Le Sénégal espère atteindre une production de 100 000 barils de pétrole par jour et va aussi profiter d'une partie des revenus du champ gazier GTA partagé avec la Mauritanie. Concrètement, grâce à l'argent du pétrole, il veut diversifier l'économie du pays. Bassirou Diomaye Faye qui souhaite en effet impulser une rupture avec la présidence passée en s'appuyant sur la meilleure valorisation des ressources locales. Transparence et rigueur semblent être ses boussoles. Les promesses sont fortes et ambitieuses, mais les défis restent nombreux et le chef de l'État doit trouver un équilibre entre rassurer les investisseurs étrangers, assainir les comptes publics et mettre fin à la cherté de la vie.
Ecoutez Lenglet-Co avec François Lenglet du 03 juin 2024
Batir un índice de referencia mediante estrategias de gestión activa implica tomar decisiones de riesgo que muchas veces se traducen en pérdidas significativas. Un informe de Standard & Poors revela que entre el 50% y el 60% de este tipo de gestión en un periodo medio de 3 años lo logran batir al índice de referencia, porcentaje que se eleva hasta el 98% si el horizonte lo situamos en 10 años. Kevin Koh Maier, director de inversiones de Finizens, apunta otros factores además de la dificultada para predecir el mercado como los costes de transacción y comisiones. “Hace unos años la gente tenía dudas pero ahora han comprobado que la gestión indexada funciona”, afirma. Fondos que replican el comportamiento de un índice en lugar de seleccionar activos concretos que, además de reducir costes y riesgos, genera rendimientos. Desde Finizens explica que la metodolodía para gestionar y diseñar carteras varía en función del perfil inversor. En el caso de la gestora, albergan hasta 7 carteras que representan 7 niveles de inversor(desde el más conservador hasta el más agresivo) que acumulan una rentabilidad en 2023 de va del 3,5%(nivel 1) al 15%(nivel 7).
Pourquoi n'a-t-on pas dégradé la note de la France, vendredi ? Parce que la zone euro n'a pas besoin d'être affaiblie en ce moment. Et c'est finalement une très bonne nouvelle pour le contribuable français. Ecoutez L'éco & You du 04 décembre 2023 avec Martial You.
“Without counsel plans fail, but with many advisers, they succeed.”Proverbs 15:22 Well, as you know, we always recommend you look for a financial advisor with the Certified Kingdom Advisor Designation, and you can do that by going to FaithFi.com and clicking on Find a CKA. When you do, you'll also find a long list of questions you can ask potential advisors. We're going to give you some of them today, though, because “folks have been asking.”The first thing you should understand is that the type of advisor you're interviewing will determine what you ask. And that only makes sense, because you'll need different information from a financial planner than from an investment professional or a tax attorney. So let's go over some of these questions by category:First, a Christian financial planner. They equip people to use God-given resources to accomplish God-given goals. The Christian financial planner can: (1) Help clients identify their God-given goals and quantify how much is necessary to accomplish them. Some of the questions you'll want to ask include: QUESTIONS FOR A CHRISTIAN FINANCIAL PLANNERHow do you integrate Christian values into your advice?How long have you been a financial planner, and what licenses do you hold?And, describe the financial planning process. Next we have investment professionals, and this could be a fee-only investment advisor or investment consultant. This person provides professional expertise to managing investment assets held in retirement accounts, trusts, individual, and joint accounts. A fee-only investment advisor is compensated by fees directly from the client. An investment consultant is compensated from commissions derived from the purchase or sale of a stock or mutual fund. QUESTIONS FOR AN INVESTMENT CONSULTANTHow do you integrate Christian values into your advice?How do you determine whether or not a client should be investing?What is your investing experience and philosophy?How do you select the most appropriate investment options?Where are your clients' investments held? A brokerage firm? A mutual fund? Which one?If a brokerage firm or mutual fund holds your clients' investments, does the brokerage firm or fund charge separate fees for this?What type of investments do you use? Load or no-load mutual funds? Stocks? Bonds? Annuities?How do you monitor and how often do you report investment performance to your clients?How do you consider the impact of income taxes on investment choices?What other financial services beyond investments do you offer? That's a lot of questions for an investing professional, but asking them should give you the information you need to make a wise decision.Now what if you need a tax or estate planning attorney? What should you ask those candidates? TAX OR ESTATE PLANNING ATTORNEY QUESTIONSCan you tell me about your practice and ways you integrate a biblical worldview into your advice?What are your areas of specialty?Can you share examples of complex cases you have handled?Have you handled many cases in my area of need (whether that's estate planning, business succession, tax planning, or something else?)Okay, maybe you need someone to help you with tax preparation. That would usually be a certified public accountant. QUESTIONS FOR A CPACan you tell me about your practice and ways you integrate a biblical worldview into your advice?How long have you been a CPA? What other licenses do you hold?Have you helped clients in a similar situation?What is your approach or perspective in interpreting tax laws and regulations and accounting and auditing standards?How about an insurance professional? QUESTIONS FOR AN INSURANCE PROFESSIONALWhat's your biblical worldview regarding insurance needs?Are you required to recommend specific insurance products?How many companies do you represent? What's the rating of those companies? (Rating agencies include AM Best, Standard & Poors, and Weiss.)Do you receive higher compensation for recommending proprietary products?What percentage of your business comes from insurance commissions? And finally, a few additional questions you should ask all CKA professionals you interview:How long have you been in practice? (experience)How long will it take for you to do my work? (services)Do you have clients with situations similar to mine who might be willing to speak with me about your services? (referrals)Have you ever had any complaints filed against you with any organizations that regulate you? (reputation) Well, there's a partial list of questions to ask prospective financial advisors. We'll put a link to the whole list in today's show notes. On today's program, Rob also answers listener questions: Is now a good time to refinance your mortgage? What should you do if you have a house on the market that isn't selling? Would it make sense to convert a large amount of cash savings to a foreign currency? What should you do if your spouse is refusing to be transparent about their finances prior to the marriage? Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.
Catalyst, strategist and coach to C-Suite executives, professionals and entrepreneurs, David Lancefield joins us to share his thoughts and experiences on emotions and leadership. As well as a speaker and facilitator, David hosts the Lancefield on the Line podcast for strategic leaders. He writes for Harvard Business Review and is a contributing editor for Strategy+Business. David is also a guest lecturer at the London Business School. He has worked with over 40 CEOs, hundreds of senior executives, professionals and entrepreneurs from start-ups to corporates, private to public, local to global, media to utility. These include the BBC, Microsoft, Royal Mail, Standard & Poors, Informa, Vodafone, NBC Universal, NHS, Virgin Media, Technicolor, Channel 4, Sage, IHG and The Guardian. Tune in on Wednesday, August, 2 @ 6pm EST!
Check out this bio! Dr. Margaret Heffernan produced programmes for the BBC for 13 years. She then moved to the US where she spearheaded multimedia productions for Intuit, The Learning Company and Standard&Poors. She was Chief Executive of InfoMation Corporation, ZineZone Corporation and then iCast Corporation, was named one of the "Top 25" by Streaming Media magazine and one of the "Top 100 Media Executives" by The Hollywood Reporter. The author of six books, Margaret's third book, Willful Blindness : Why We Ignore the Obvious at our Peril was named one of the most important business books of the decade by the Financial Times. In 2015, she was awarded the Transmission Prize for A Bigger Prize: Why Competition isn't Everything and How We Do Better, described as "meticulously researched... engagingly written... universally relevant and hard to fault." Her TED talks have been seen by over twelve million people and in 2015 TED published Beyond Measure: The Big Impact of Small Changes. Her most recent book, Uncharted: How to map the future was published in 2020. It quickly became a bestseller and was nominated for the Financial Times Best Business Book award, was one of Bloomberg's Best Books of 2021 and was chosen as the “Medium Best of the Best” business book She is a Professor of Practice at the University of Bath, Lead Faculty for the Forward Institute's Responsible Leadership Programme and, through Merryck & Co., mentors CEOs and senior executives of major global organizations. She chairs the board of DACS and has advised the Casey Review into the culture and standards of the Metropolitan Police and the Independent Inquiry into Child Sexual Abuse led by Alexis Jay. http://www.MargaretHeffernan.com If you're ready to take your emotional growth to the next level, join the EQ Mafia at https://www.eqgangster.com/. To get more information on homeschooling, visit our sponsor's page at www.ClassicalConversations.com/gibbens
Wenn die Zinssätze steigen, fallen die Anleihenkurse. Deshalb sind Anleiheninvestments aktuell wieder sehr interessant. Allerdings bergen Anleihen das Risiko eines Zahlungsausfalls. Um das Ausfallrisiko deiner Investitionen besser einschätzen zu können, gibt es Anleihenratings. Diese Ratings geben dir eine Orientierung, mit welcher Wahrscheinlichkeit der Anleihenemittent seinen Zahlungsverpflichtungen nachkommen wird. In dieser Podcast-Folge erkläre ich dir, was Anleiheratings sind, wie sie funktionieren, wer sie vergibt und was mit einer Anleihe im Falle einer Insolvenz des Schuldners passiert. Viel Spaß beim Anhören! +++ Tipp: Besonders günstig und unkompliziert kannst du einen ETF-Sparplan beim Neobroker Trade Republic einrichten. Alle Sparpläne werden dort kostenfrei ausgeführt. Jetzt kostenfrei starten. https://de.extraetf.com/go/traderepublic +++ Informationen zu den im Podcast besprochenen Themen: Was ist ein Anleiherating? https://extraetf.com/de/wissen/anleiherating Anleihen einfach erklärt https://extraetf.com/de/wissen/anleihen Anleihen-ETFs einfach erklärt https://extraetf.com/de/wissen/anleihen-etfs Geldmarkt-ETFs einfach erklärt https://extraetf.com/de/wissen/geldmarkt-etfs ++++++++ Link zur neuesten Ausgabe des Extra-Magazins: https://shop.extraetf.com/collections/einzelausgaben?utm_source=podcast Hier kannst du ein Extra-Magazin abonnieren https://shop.extraetf.com/ Anmeldung für den extraETF Newsletter https://de.extraetf.com/service/etf-newsletter ++++++++ Wenn du dich noch intensiver über ETFs informieren möchtest, dann kann ich dir unsere Social-Media-Kanäle empfehlen. In unserer Facebook-Gruppe „ETF-Strategie by extraETF“ kannst du dich mit über 50.000 Anlegern über ETFs austauschen. Hier geht es zu Facebook-Gruppe. https://www.facebook.com/groups/173765373152193 Spannende Infos, News und Aktuelles rund um extraETF.com findest du auf unserem Instagram-Kanal. Wir freuen uns auf deinen Besuch! https://www.instagram.com/extraetf_de/ ++++++++ Es handelt sich dabei um einen Werbe- oder einen Affiliate-Link. Wenn du diesen Link klickst und etwas kaufst oder abschließt, erhalten wir eine Provision. Dir entstehen dadurch keine Mehrkosten. Vielen Dank für deine Unterstützung.
David Lancefield is a catalyst, strategist, and coach to senior executives, professionals, and entrepreneurs. He also is a speaker, facilitator, and host of the Lancefield on the Line podcast. David enjoys helping leaders and their organizations achieve greater strategic clarity, enhanced resilience, breakthrough performance, and sustainable impact. David grew up in modest surroundings with his sister and parents. Mom was an educator who ran the local school system. Dad was a nuclear physicist. David says his parents never pressured him or his sister to achieve anything specific or ‘be' something other than to put in their best effort. Yet, David held himself to high standards and always enjoyed intellectual, complex challenges. He studied economics, earned a master's degree, and went to work for a large management consulting firm. By 32, he became one of the firm's youngest partners. In 2012, David and his wife welcomed their son into the world. He was born with significant brain damage, requiring a high degree of care. David has thoughtfully crafted a life where he brings excellence to his work and to his son's life by providing home schooling and caregiving. Today, David brings the skills, frameworks, and experiences of a strategy consultant, transformational leader, executive coach, and futurist to his work with CEOs, senior executives, professionals, and entrepreneurs from start-ups to corporate, private to public, local to global, and media to utility. These include the BBC, Microsoft, Royal Mail, Standard & Poors, Vodafone, NBC Universal, NHS, Virgin Media, Technicolor, IHG, and The Guardian. In this week's Work From The Inside Out podcast, learn more about David's journey: David writes for Harvard Business Review and is a contributing editor for Strategy+Business. He is a board advisor to LeaderEQ and a guest lecturer at the London Business School. Learn more and connect with David here: https://twitter.com/Dlancefield https://www.linkedin.com/in/davidclancefield/ http://davidlancefield.com/ http://bit.ly/3cFGk1k
Ascolta l'approfondimento con Michele Borrelli: https://pod.fo/e/155577INTER NEWS: BOND RISCHIO DECLASSAMENTOIl Bond dell'Inter emesso nel 2022 è a rischio declassamento, secondo l'agenzia di rating Standard&Poors, a causa del contenzioso con Digitalbits. Che cosa significa, cosa sta succedendo e quali scenari per il futuro.⚽️ Abbonati a questo canale per accedere ai vantaggi:https://www.youtube.com/channel/UCqQefqGM8yZV3CEwXBy388Q/join✅ Abbonati al club per stare in contatto con noi più privatamente e parlare insieme di Inter
Le financier ivoirien Stanislas Zézé est notre Grand Invité de l'économie RFI / Jeune Afrique. Il est à la tête de Bloomfield Investment Corporation, une agence d'évaluation du risque de crédit en Afrique de l'Ouest et en Afrique Centrale, l'équivalent de Moody's, de Fitch ou de Standard&Poors pour le reste du monde. Son activité consiste à évaluer la capacité d'une entreprise ou d'un État à rembourser ses dettes. Fils de militaire ivoirien, 5ème d'une fratrie de 10 enfants, il fait ses études en France, puis à partir du début des années 1990 aux États-Unis (Université de Michigan). Après avoir rêvé d'être avocat d'affaires, il opte finalement pour la finance pensant pouvoir agir avec davantage de force pour le continent africain. Il travaille (entre autres) pour la Banque mondiale à Washington, et la BAD (Banque Africaine de Développement). Stanislas Zézé fait aujourd'hui la promotion d'un livre autobiographique : «L'homme aux chaussettes rouges». Durant plus de 45 minutes, Bruno Faure (RFI) et Julien Clémençot (Jeune Afrique) l'interrogent sur tous les grands sujets qui touchent l'actualité économique en Afrique : conséquences des coups d'État pour les échanges commerciaux et les affaires en général, sentiment anti-français, relations avec la Russie, risques liés au crédit et aux investissements (en RDC notamment), remboursement de la dette extérieure (notamment chinoise), prise en compte de la crise climatique dans l'évaluation financière. Celui que certains surnomment « le loup de la finance africaine » est également interrogé sur des thèmes plus politiques tels que la gouvernance en Afrique, la campagne présidentielle en Côte d'Ivoire suite au retour de Tidjane Thiam ou encore l'échec de la candidature de Didier Drogba (cousin de Stanislas Zézé) pour la présidence de la Fédération de football ivoirienne. Ils ont également participé à cette émission : - Nicolas Kazadi, ministre des Finances de la République Démocratique du Congo - Tamarah Moutotekema, directrice générale d'Agridis, société évoluant dans le secteur de l'agroalimentaire au Gabon - Abdou Diop, associé gérant de Mazars Maroc, membre du board pour l'Afrique et le Moyen-Orient.
Le financier ivoirien Stanislas Zézé est notre Grand Invité de l'économie RFI / Jeune Afrique. Il est à la tête de Bloomfield Investment Corporation, une agence d'évaluation du risque de crédit en Afrique de l'Ouest et en Afrique Centrale, l'équivalent de Moody's, de Fitch ou de Standard&Poors pour le reste du monde. Son activité consiste à évaluer la capacité d'une entreprise ou d'un État à rembourser ses dettes. Fils de militaire ivoirien, 5ème d'une fratrie de 10 enfants, il fait ses études en France, puis à partir du début des années 1990 aux États-Unis (Université de Michigan). Après avoir rêvé d'être avocat d'affaires, il opte finalement pour la finance pensant pouvoir agir avec davantage de force pour le continent africain. Il travaille (entre autres) pour la Banque mondiale à Washington, et la BAD (Banque Africaine de Développement). Stanislas Zézé fait aujourd'hui la promotion d'un livre autobiographique : «L'homme aux chaussettes rouges». Durant plus de 45 minutes, Bruno Faure (RFI) et Julien Clémençot (Jeune Afrique) l'interrogent sur tous les grands sujets qui touchent l'actualité économique en Afrique : conséquences des coups d'État pour les échanges commerciaux et les affaires en général, sentiment anti-français, relations avec la Russie, risques liés au crédit et aux investissements (en RDC notamment), remboursement de la dette extérieure (notamment chinoise), prise en compte de la crise climatique dans l'évaluation financière. Celui que certains surnomment « le loup de la finance africaine » est également interrogé sur des thèmes plus politiques tels que la gouvernance en Afrique, la campagne présidentielle en Côte d'Ivoire suite au retour de Tidjane Thiam ou encore l'échec de la candidature de Didier Drogba (cousin de Stanislas Zézé) pour la présidence de la Fédération de football ivoirienne. Ils ont également participé à cette émission : - Nicolas Kazadi, ministre des Finances de la République Démocratique du Congo - Tamarah Moutotekema, directrice générale d'Agridis, société évoluant dans le secteur de l'agroalimentaire au Gabon - Abdou Diop, associé gérant de Mazars Maroc, membre du board pour l'Afrique et le Moyen-Orient.
Standard & Poors ist zufrieden mit dem Aargau. Die Rating-Agentur gibt dem Kanton ein AA+ mit positivem Ausblick. Der Aargauer Finanzdirektor ist auch zufrieden, will aber mit einem «straffen Finanzmanagement» ein AAA anstreben, also das Triple A. Dieses haben nur Basel-Stadt, Waadt und Zürich. Weiter in der Sendung: * Balsthal: Auf dem Hausberg Roggen brannte am Samstagnachmittag der Wald. Die Feuerwehr kam kaum an den Brandherd heran. Deshalb forderte sie einen Löschhelikopter an. Die Waldbrandgefahr ist im Kanton Solothurn «erheblich», im Aargau «mässig». * Bad Zurzach: In der Galerie Mauritiushof zeigt Heinz Aeschlimann seine Skulpturen. Der Künstler ist auch Unternehmer. Auf der ganzen Welt baut er seine Strassenbeläge auf Brücken und in Tunnels ein.
Northwestern Mutual's 2022 Planning & Progress Study found that 60 percent of U.S. adults say that the pandemic has been highly disruptive to the way they manage their finances. But they have taken certain actions to buttress longer-term financial security. DALBAR's 2022 Quantitative Analysis of Investor Behavior (QAIB) report found that the Average Equity Fund Investor finished the year with a return of 18.39 percent versus a Standard & Poors 500 return of 28.71 percent, an investor return gap of 1,032 basis points (bps). The reports seem to support the idea that emotion costs you money while discipline makes you money.
We humans just love a shortcut. The promise of a more convenient and easy way to get richer seduces the emotional part of our brains, rather than the more evolved, rational part of our brain.In this episode I discuss four common get rich quick schemes and why they often end in tears of disappointment.I discuss share trading, property investing, multi-level marketing and of course, cryptocurrency.To learn more about your host, money coach Matt Hern visit my website.Follow me on LinkedIn, Facebook and Instagram.-----Standard & Poors' Index vs Active fund manager survey (SPIVA)https://www.spglobal.com/spdji/en/spiva/article/spiva-australia/Episode 9. How to Start DIY Investing
El próximo domingo, 13 de febrero, de madrugada ya en España, se celebra la Superbowl, la gran final del fútbol americano, el gran evento deportivo del año en Estados Unidos, el partido capaz de paralizar el país como ningún otro. Desde Europa, y sobre todo desde aquí, cuesta comprender la magnitud de este acontecimiento, protagonizado por un deporte que es el rey entre los estadounidenses, que incluso es parte de la identidad de sus ciudadanos, pero que aquí tiene un seguimiento muy marginal.Todas las cifras que rodean a este evento son apabullantes. Por ejemplo en esta edición, la XVI (56), las entradas se han convertido en las más caras de la historia. Las más baratas superan los 5.000 dólares en reventa, en los confines del estadio, según cálculos de StubHub, mientras que el precio medio es de más de 9.000 dólares. Pero las mejores localidades, muchas aún disponibles, puede superar los 25.000 dólares. Y todo esto sin contar el aparcamiento, que va a parte, y no son pocos dólares. Y se venderán todas, como cada año. Solo en la edición original y en la del año pasado, marcado por las restricciones por la Covid, no se llenó el estadio.En el récord de esta edición influyen muchas cosas, como el hecho de que la final se dispute en Los Ángeles, la capital mundial del entretenimiento, donde todo es mucho más caro. Y hacía más de 40 años que no se celebraba allí la gran final. Además, es la sede de los Rams, uno de los equipos finalistas, lo que permite a la mitad de los asistentes ahorrarse el transporte. También hay que tener en cuenta que el otro equipo, los Cincinati Bengals, nunca han ganado el trofeo, por lo que sus aficionados muestran mucho mayor entusiasmo ante una oportunidad así.Y esto es solo una parte. La audiencia de televisión será millonaria. Más de 100 millones de espectadores en Estados Unidos van a seguir el partido. Súmale otros 50, 60 o 70 millones más en los otros 200 países en los que se emite. En este sentido, merece la pena destacar que la NFL, la organización detrás de la competición, vendió en 2021 sus derechos de televisión por más de 110.000 millones de dólares para los próximos 11 años. Unas cifras que, por ejemplo, triplican las conseguidas por la Premier League, la competición de fútbol que mejores resultados cosecha en este aspecto.Para mantener estas audiencias en todo momento, cuidan todos los detalles. Y así nació uno de los aspectos más famosos del evento: los espectáculos del descanso. En las primeras ediciones, en el entretiempo, bandas musicales universitarias amenizaban esos minutos. Pero pronto empezaron a incluir a artistas consagrados. Ahora, para los cantantes, participar en el espectáculo del descanso de la Super Bowl supone un gran reconocimiento. Por ese escenario han pasado grandes estrellas como Sting, los Rolling, Paul McCartney, Beyonce, Shakira, Janet Jackson en una polémica intervención, Lady Gaga, Enrique Iglesias... Este año el gran protagonista será el rapero Eminem.Pero estas audiencias millonarias suman un valor económico adicional: la publicidad. Los anuncios que se emiten antes, durante y después del partido son los más caros. El año pasado, cada 30 segundos tenían un coste para las marcas de más de 5 millones de dólares. Los dos más largos, uno de Alexa y otro de Google, que duraron 90 segundos, costaron casi 17 millones cada uno. En conjunto, sumaron casi 680 millones de dólares. Y este año serán más caros, porque el precio no ha dejado de subir cada edición, salvo durante la crisis de 2008.Si a esto le sumamos las apuestas, tanto las que se realizan online, las presenciales o las más informales, que son la otra gran pata del evento a nivel de ingresos, podemos hablar de un partido que mueve más de 5.000 millones de dólares.Y esto es solo lo que pasa en el campo. Para un evento tan importante, conocido como el Super Sunday y considerado una especie de día festivo oficioso, la gente se junta con su familia o con sus amigos para verlo, y compra comida, bebida... el gasto total puede alcanzar los 14.000 millones. Es, de hecho, el día con mayor consumo por parte de los estadounidenses, solo superado por Acción de Gracias.Es un negocio, sin duda, millonario. ¿Pero de dónde surgió? ¿Cómo nació este fenómeno? Tenemos que remontarnos al año 1966. La NFL, la principal competición de fútbol americano, había nacido en 1920, y tuvo que competir con otras ligas por la supremacía. Durante años fue un deporte secundario, tapado por el éxito del baseball, el deporte rey tradicionalmente en todo Estados Unidos. Pero poco a poco el fútbol americano fue ganando popularidad, a tener más seguidores, y surgieron nuevas competiciones. Una de ellas es la AFL, fundada en 1960 por Lamar Hunt, propietario de los Kansas City Chiefs, cansado de que la NFL vetara su entrada en su competición recurrentemente.La rivalidad entre ambos campeonatos provocó que en junio de aquel 1966 ambos torneos llegaran a un acuerdo para que sus ganadores se enfrentaran entre ellos, para dirimir quién era el verdadero campeón mundial. Tan pretencioso como acertado.Aquel primer partido se disputó el 15 de enero de 1967, curiosamente también en Los Ángeles, entre los Chiefs y los Green Bay Packers, que acabaron ganando. Hunt fue también el encargado de bautizar el encuentro como la Super Bowl, para diferenciarlo de los distintos bowls que se celebraban, que son partidos que enfrentan a dos equipos de fútbol americano por un trofeo. Cuenta la leyenda que se basó en una pelota rebotadora de su hijo, que se llamaba Super Ball.Históricamente, el partido se celebraba el último fin de semana de enero, aunque desde 2004 se tomó la decisión de moverlo a febrero. El frío propio de estas fechas ha provocado que la mayoría de partidos se hayan jugado en estados del sur, con Miami como principal sede. Aunque con la aparición de los estadios cubiertos esto está empezando a corregirse.Con el evento ya consolidado, en 1970 se produjo la absorción de la AFL por parte de la NFL, que pasaban a ser dos conferencias diferentes de un mismo torneo, y que es el formato que se ha mantenido hasta nuestros días. Además, el trofeo que se entregaba a los campeones recibió un nuevo nombre, el Vince Lombardi, en homenaje a un entrenador que había fallecido ese mismo año. Hasta entonces se le conocía, simplemente, como el Campeonato del Mundo.El trofeo fue diseñado por la joyería Tiffany, es de plata de ley, pesa más de 3 kilos, y tiene un valor de unos 25.000 dólares. Se fabrica de forma artesanal, y lleva más de 4 meses construirlo. Se entrega en propiedad al equipo ganador, a diferencia de otros trofeos que entregan una réplica.Además, cada jugador del equipo ganador recibe un anillo de campeón, una americanada que se empezó a entregarse a los ganadores de las Series Mundiales de baseball en los años 20, y que después fue adoptado por la mayoría de campeonatos estaduonidenses. Suelen estár hechos de oro blanco y diamantes, y cuestan unos 5.000 dólares. Muchos son los deportistas que, con sus finanzas mal gestionadas, se han visto obligados a malvender sus piezas para sobrevivir. La mayoría han sido diseñados y fabricados por una joyería de Minnesotta que hoy es propiedad de Platinum Equity, aunque también ha habido ediciones de Tiffany o de Balfour. No es lo único que reciben los jugadores campeones. También se llevan un premio por cabeza de más de 120.000 dólares, independiente de su salario millonario. Es una muestra más de la evolución y el éxito del torneo, ya que en la primera edición el premio de todo el equipo ganador no alcanzó los 15.000 dólares.Una curiosidad económica. Históricamente, la Super Bowl ha permitido adivinar el rumbo de los índices bursátiles, con un acierto del 80%. Y el funcionamiento de esta bola de cristal es sencillo. Si gana el equipo que representa a la Conferencia Nacional, en este caso los Rams, el Dow Jones subirá este año. Si, por contra, vence el equipo de la Conferencia Americana, esta edición los Bengals, las bolsas se teñirán de rojo.No es la única relación entre la Super Bowl y los mercados bursátiles. Otra clave incluye el número de tantos marcados. Durante los últimos 53 años, la puntuación final media de cada Super Bowl ha sido de 46 puntos. Cuando los equipos de la final anotan al menos dicha cifra, el mercado de valores suele subir un 15,8%, pero si no se alcanza la meta, el rendimiento es de solo el 7,3%, según datos calculados por Standard&Poors durante los últimos 28 años.El deporte rey estadounidense ya no es solo un entretenimiento, se ha convertido en un auténtico fenómeno económico.
Another year rolls by and certainty seems just as hard to find. Dr. Margaret Heffernan's recent book Uncharted: How to Navigate the Future has a message: Tomorrow may be uncharted territory, but we can learn to handle uncertainty and move forward with confidence and agility. Join Dr. Heffernan and Multi-Hazards podcast host Vin Nelsen in this remix from early last year, all the more relevant now that we face new and challenging times going into a new year. Study Guide here, click where it says "PDF" on the middle left: https://multi-hazards.libsyn.com/finding-certainty-in-the-new-year-remix-with-margaret-heffernan Topics in this podcast include: * Why can we be optimists? * Why could asking experts for their opinions about the future be a waste of time? * Why and how our planning needs to change? * Uncertainty: necessarily bad or good? * How can uncertainty represent possibility? * What do transhumanists want? * How can aging bring out the best in us? * What is the "doctrine of inevitability"? * Why are driverless cars a problem? * How has technology taken away our willingness to explore? * Why are artists better with unpredictability? * Why do artists keep producing things that are ahead of their time? * How are scientists sometimes like these artists? * What generates breakthroughs in science? * How can we "reskill" for the future? * How can we have hope for the new year? Intro: "Ten Inch Spikes" by Jeremy Korpas on Youtube Audio Library Outro: "Floating Home" by Brian Bolger on YouTube Audio Library Photo by John Gibbons on Unsplash Margaret Heffernan's Bio Dr. Margaret Heffernan produced programmes for the BBC for 13 years. She then moved to the US where she spearheaded multimedia productions for Intuit, The Learning Company and Standard&Poors. She was Chief Executive of InfoMation Corporation, ZineZone Corporation and then iCast Corporation, was named one of the "Top 25" by Streaming Media magazine and one of the "Top 100 Media Executives" by The Hollywood Reporter. The author of six books, Margaret's third book, Willful Blindness : Why We Ignore the Obvious at our Peril was named one of the most important business books of the decade by the Financial Times. In 2015, she was awarded the Transmission Prize for A Bigger Prize: Why Competition isn't Everything and How We Do Better, described as "meticulously researched... engagingly written... universally relevant and hard to fault." Her TED talks have been seen by over twelve million people and in 2015 TED published Beyond Measure: The Big Impact of Small Changes. Her most recent book, Uncharted: How to map the future was published in 2020. She is a Professor of Practice at the University of Bath, Lead Faculty for the Forward Institute's Responsible Leadership Programme and, through Merryck & Co., mentors CEOs and senior executives of major global organizations. She holds an honorary doctorate from the University of Bath and continues to write for the Financial Times and the Huffington Post. Text and photo taken from her website: https://www.mheffernan.com/biography.php#modal-close
3x03 Los fondos indexados están en boca de todos. A cierre de septiembre ha entrado más dinero en productos indexados (ETF y fondos) que en todo 2020. Concretamente, EL DOBLE de dinero. En España se ha multiplicado por siete en los últimos siete años. ¿A qué se debe este 'boom'? ¿Por qué un tipo de inversión que no busca batir al mercado, sino solo imitarlo, está teniendo tanto éxito? De ello hablamos en este podcast con Giorgio Semenzato, CEO y cofundador de Finizens, un gestor automatizado de inversiones que ofrece carteras diversificadas de fondos indexados. (Más información de Finizens: https://www.finect.com/roboadvisors/finizens ) 📊 Listado completo de fondos indexados en Finect ➡️ https://bit.ly/3lHE7Xn Antes de la entrevista, Antonio nos trae en su sección "Antonio, no me des la turra" datitos sobre entradas de dinero en inversión indexada este año, así como el último estudio de Standard & Poors sobre gestores VS sus índices de referencia. ¿Qué porcentaje bate su índice en 2021? ¿Y a 10 años? EL FONDITO DE LA SEMANA 📊 Vanguard European Stock Index Fund Clase general (0,12% comisión de gestión) ➡️ https://bit.ly/3lCgjnH Clase Institutional Plus (0,08% comisión de gestión) ➡️ https://bit.ly/3AIyixc LA PREGUNTA DE "EL MURO" ¿En qué área geográfica invertirías ahora mismo si tuvieras que elegir solo una y por qué? (No vale decir global) OTROS ENLACES ÚTILES 💡 Regístrate gratis en Finect BIOS V aquí y conoce 8 ideas de inversión de gestoras internacionales ➡️ https://bit.ly/3AEx4CV 📹 VÍDEO | Análisis listado fondos indexados para invertir 📈 (Vanguard, Amundi, iShares...) https://www.youtube.com/watch?v=loX6yUt7s0c 📄 Estudio SPIVA: https://www.spglobal.com/spdji/en/research-insights/spiva/# 📄 Artículo Cinco Días: "La mitad de los gestores de Bolsa española no logra batir al Ibex este año" https://cincodias.elpais.com/cincodias/2021/10/13/fondos_y_planes/1634134423_227206.html Muchas gracias por escucharnos y por vuestros 'me gusta' al podcast, nos ayudan mucho a seguir ayudándoos a invertir. ¡SÍGUENOS EN REDES SOCIALES! 🔹 Twitter: https://twitter.com/finect 🔹 Facebook: https://www.facebook.com/finect 🔹 LinkedIn: https://www.linkedin.com/company/finect 🔹 Instagram: https://www.instagram.com/finect/ 🔹 Youtube: https://www.youtube.com/finect
About This Episode: Vernon Jones was reared on a tobacco farm in Laurel Hill, North Carolina. He was 5th of six children born in a four room cinder block house with no indoor plumbing. His parents Robert and Rufer Jones taught him the value of faith, hard work, self-reliance and self-respect. Prior to public service, Jones had a successful career in corporate America, including Fortune 500 companies such as BellSouth Mobility and MCI Worldcom, and President of the Henry Oliver Company, a consulting firm established by Jones. As the former Chief Executive Officer of DeKalb County, Georgia, Jones managed nearly 7,000 employees and directed the day-to-day county operations, which included managing one of the largest police departments in Georgia. Jones successfully balanced budgets, secured dual AAA bond ratings from Moody's and Standard & Poors, preserved over 4,000 acres of greenspace, and passed four bond referenda for libraries, parks, and infrastructure improvements. His 12 years record as a Georgia State Representative includes co-sponsorship of the Georgia Peach Care Act that ensures thousands of uninsured children. Jones is a former Georgia State Representative and lifelong Democrat who made national headlines when he announced his support for President Donald Trump's re-election. Now, Vernon Jones is running for Governor of Georgia. Find out more about Vernon at: Jones for Georgia - https://jonesforgeorgia.com/ Twitter - https://twitter.com/RepVernonJones Instagram - https://www.instagram.com/repvernonjones/ Check out our YouTube Channel: Jeremyryanslatebiz Make Extraordinary a reality: jeremyryanslate.com/extraordinary See the Show Notes: www.jeremyryanslate.com/877 Sponsors: LinkedIn Jobs: Post your first job for free linkedin.com/cyol Gusto: This episode is sponsored by Gusto. Run your payroll the easy way, the same way we do at Command Your Brand. You'll get a. $100 Amazon Gift Card just for running your first payroll! http://www.jeremyryanslate.com/gusto Sweet Process: Offers a 14-day free trial, but as a loyal listener of this podcast, you can try for 28 days, free of charge. You don't even have to enter a credit card to get started. Just navigate to sweetprocess.com/cyol to start your free 28-day trial today. Audible: Get a free 30 day free trial and 1 free audiobook from thousands of available books. Right now I'm reading "America Before: The Key to Earth's Lost Civilization"by Graham Hancock, about building real wealth. www.jeremyryanslate.com/book
About This Episode: Vernon Jones was reared on a tobacco farm in Laurel Hill, North Carolina. He was 5th of six children born in a four room cinder block house with no indoor plumbing. His parents Robert and Rufer Jones taught him the value of faith, hard work, self-reliance and self-respect. Prior to public service, Jones had a successful career in corporate America, including Fortune 500 companies such as BellSouth Mobility and MCI Worldcom, and President of the Henry Oliver Company, a consulting firm established by Jones. As the former Chief Executive Officer of DeKalb County, Georgia, Jones managed nearly 7,000 employees and directed the day-to-day county operations, which included managing one of the largest police departments in Georgia. Jones successfully balanced budgets, secured dual AAA bond ratings from Moody's and Standard & Poors, preserved over 4,000 acres of greenspace, and passed four bond referenda for libraries, parks, and infrastructure improvements. His 12 years record as a Georgia State Representative includes co-sponsorship of the Georgia Peach Care Act that ensures thousands of uninsured children. Jones is a former Georgia State Representative and lifelong Democrat who made national headlines when he announced his support for President Donald Trump's re-election. Now, Vernon Jones is running for Governor of Georgia. Find out more about Vernon at: Jones for Georgia - https://jonesforgeorgia.com/ Twitter - https://twitter.com/RepVernonJones Instagram - https://www.instagram.com/repvernonjones/ Check out our YouTube Channel: Jeremyryanslatebiz Make Extraordinary a reality: jeremyryanslate.com/extraordinary See the Show Notes: www.jeremyryanslate.com/877 Sponsors: LinkedIn Jobs: Post your first job for free linkedin.com/cyol Gusto: This episode is sponsored by Gusto. Run your payroll the easy way, the same way we do at Command Your Brand. You'll get a. $100 Amazon Gift Card just for running your first payroll! http://www.jeremyryanslate.com/gusto Sweet Process: Offers a 14-day free trial, but as a loyal listener of this podcast, you can try for 28 days, free of charge. You don't even have to enter a credit card to get started. Just navigate to sweetprocess.com/cyol to start your free 28-day trial today. Audible: Get a free 30 day free trial and 1 free audiobook from thousands of available books. Right now I'm reading "America Before: The Key to Earth's Lost Civilization"by Graham Hancock, about building real wealth. www.jeremyryanslate.com/book
In an extraordinary conversation about a world that has moved from complicated to complex, Dr. Margaret Heffernan discusses her latest book - Uncharted - How to Map the Future Together. Margaret produced programmes for the BBC for 13 years. She then moved to the US where she spearheaded multimedia productions for Intuit, The Learning Company and Standard&Poors. She was Chief Executive of InfoMation Corporation, ZineZone Corporation and then iCast Corporation, was named one of the "Top 25" by Streaming Media magazine and one of the "Top 100 Media Executives" by The Hollywood Reporter. The author of six books, Margaret’s third book, Willful Blindness : Why We Ignore the Obvious at our Peril was named one of the most important business books of the decade by the Financial Times. In 2015, she was awarded the Transmission Prize for A Bigger Prize: Why Competition isn’t Everything and How We Do Better, described as "meticulously researched... engagingly written... universally relevant and hard to fault." Her TED talks have been seen by over twelve million people and in 2015 TED published Beyond Measure: The Big Impact of Small Changes. Her most recent book, Uncharted: How to map the future was published in 2020. She is a Professor of Practice at the University of Bath, Lead Faculty for the Forward Institute’s Responsible Leadership Programme and, through Merryck & Co., mentors CEOs and senior executives of major global organizations. She holds an honorary doctorate from the University of Bath and continues to write for the Financial Times and the Huffington Post. Sponsored by... Cultivate Grit. Amplify Action. Get The Importance of Journaling We help YOU enjoy the success we’ve already enjoyed. Free downloads of Quick Reference Guides on Delegation, Time Management, Sales, and more. Key Takeaways [3:15] With Margaret’s diverse career, the one common theme that connects it all together is her passion for creativity. [5:10] You can’t measure a lot of things, and in the business world, what can't be measured gets “thrown out.” However, critical skills like creativity are essential and not easily measurable. [7:35] There’s such a pride in efficiency in business. It’s been this way since the industrial revolution. [12:35] Margaret agrees with Jim and Jan that the leaders she’s seen are naturally curious people. [15:10] Margaret shares some of the “soft” characteristics needed to get a team stronger and better than before. [18:00] Successful teams need to invest a lot of time getting to know one another. [21:20] People are more afraid of losing power/control than accountability in a team. [22:35] The more frightened an employee is, the worse they’ll perform, and they certainly won’t be creative. Organizations are still using these outdated fear tactics. [25:55] Margaret wished someone had told her in her younger days, “to not take it personally,” especially at the beginning of her career. [26:55] Something might be personal, but if you respond to it like it isn’t, then you’re in a much better position. [29:25] Reality TV really skews reality. It’s geared to show us the worst ways to team up. [31:50] When you act like a superstar, you end up alienating everyone who could have made you a superstar. [34:25] If you’re the person who speaks all the time in meetings. Just keep quiet during one of them and observe what happens. [38:00] Most organizations sit inside a vast ecosystem that you do not have any influence over. That doesn’t mean you’re absolutely helpless in your career, though. [42:10] We are currently sitting in an inequality crisis and an unemployment crisis. We have to think long-term or else we won’t survive. [44:55] You can think about impact and likelihood, but you can’t actually put physical numbers or “data” against it because it won’t mean anything when the final result comes. [48:35] Listener challenge: Contribute greater than you consume. Quotable Quotes “It’s like we can’t believe anything unless we’ve measured it.” “Many of the things we need the most are fundamentally immeasurable.” “Creativity is immeasurable.” “What can you tell me that I don’t know?” “We’re so keen to control things that we reduce them in our own heads.” “I think we have to recognize in a team, part of what you owe to the team is bring something that no one else in the team has. That’s how the team gets stronger.” “At the beginning of one’s career, and when one is young, everything is personal. When you don’t take it personally, you’re in a position to respond so much better.” “Hyper-competitive people generally do very poorly in life. They do poorly because they don’t make friends, they don’t have allies, and they generally don’t fit into networks.” Resources Mentioned Sponsored by: Pass-life.com. Coupon Code: Duty. Website & Margaret’s recent book, Uncharted: Mheffernan.com & @M_H
Uncertainty is a crucial issue in the COVID-19 pandemic and with other ongoing issues such as climate change, disasters, systemic injustice, the future of younger generations, etc. Join renowned author and speaker, Dr. Margaret Heffernan and Multi-Hazards podcast host Vin Nelsen as they discuss uncertainty and the incredible findings from Margaret’s latest book, Uncharted: How to Navigate the Future. Have a listen! Check out the Study Guide here: https://hwcdn.libsyn.com/p/5/2/8/5281f06c01b8caa2/STUDY_GUIDE_-_SEASON_4_EPISODE_5_Dr_Margaret_Heffernan.pdf?c_id=101635166&cs_id=101635166&destination_id=2085620&expiration=1619313001&hwt=28100128042cc3b238be70dd599ed176 Margaret Heffernan’s Bio Dr. Margaret Heffernan produced programmes for the BBC for 13 years. She then moved to the US where she spearheaded multimedia productions for Intuit, The Learning Company and Standard&Poors. She was Chief Executive of InfoMation Corporation, ZineZone Corporation and then iCast Corporation, was named one of the "Top 25" by Streaming Media magazine and one of the "Top 100 Media Executives" by The Hollywood Reporter. The author of six books, Margaret’s third book, Willful Blindness : Why We Ignore the Obvious at our Peril was named one of the most important business books of the decade by the Financial Times. In 2015, she was awarded the Transmission Prize for A Bigger Prize: Why Competition isn’t Everything and How We Do Better, described as "meticulously researched... engagingly written... universally relevant and hard to fault." Her TED talks have been seen by over twelve million people and in 2015 TED published Beyond Measure: The Big Impact of Small Changes. Her most recent book, Uncharted: How to map the future was published in 2020. She is a Professor of Practice at the University of Bath, Lead Faculty for the Forward Institute’s Responsible Leadership Programme and, through Merryck & Co., mentors CEOs and senior executives of major global organizations. She holds an honorary doctorate from the University of Bath and continues to write for the Financial Times and the Huffington Post. Text and photo taken from her website: https://www.mheffernan.com/biography.php#modal-close
The Standard & Poors 500 is often referred to as "the market." However, a very few hot stocks tend to dominate this index and reduce your diversification. Why you need a truly diversified portfolio. later, we talk about the lack of trust among financial "advisors" and what could be done to improve it.We hear from caller who want to know:How much gold should be in a portfolio?How to pick the "best" international fund?Are the "hot" funds skilled or lucky?What happens when "everyone" discovers the hottest funds?
Q3 FOMO, 3 Wochen vs 3 Jahre, Jesse Livermore, Nicolas Darvas, André Kostolany, Madelaine Schickedanz, Thomas Middelhoff, Saal Oppenheimer, Joseph Esch, Joseph Ackermann, Lehmann, Dick Fuld, Bearings, Nick Leeson, Jérôm Kerviel, Kweku Adoboli, Modis, Fitch, Standard & Poors, Rüdiger Born, Edmund Haidt, Robert Wüstefeld, André Stagge, Joachim Brandtmaier, Warren Buffet, Stefan Risse, Friedhelm Busch, Julian Hosp, Markus Koch, Katja Dofel, Mt. Gox, Bitfinex, Binance, Bittrex, Hashgraph, Blockchain, BTC, Etherium, Litecoin, Lumen, Verge, Tron, Iota, Lumen, Wallet, Autenticator, Hedge, Dragi spricht, VW short, Merkle, Ratiopharm, Eisenmann Auto Becker, Nokia, Kodak, Komplexitätsreduktion,
Welcome to episode #750 of Six Pixels of Separation. Here it is: Six Pixels of Separation - Episode #750 - Host: Mitch Joel. With a book titled, Uncharted - How to Map the Future Together, you would think that Dr. Margaret Heffernan is a futurist as well. Margaret produced shows for the BBC for over thirteen years. She then moved to the US, where she spearheaded multimedia productions for Intuit, The Learning Company and Standard & Poors. She was Chief Executive of InfoMation Corporation, ZineZone Corporation and then iCast Corporation. All of this earned her a spot as one of the "Top 100 Media Executives" in The Hollywood Reporter. She is the author of six books. Her third book, Willful Blindness - Why We Ignore the Obvious at our Peril, was named one of the most important business books of the decade by the Financial Times. Her TED talks have been seen by over twelve million people, and in 2015 TED published Beyond Measure - The Big Impact of Small Changes. She is a Professor of Practice at the University of Bath, Lead Faculty for the Forward Institute’s Responsible Leadership Programe and, through Merryck & Co., mentors CEOs and senior executives of major global organizations. She holds an honorary doctorate from the University of Bath. So, how do people and businesses grow, explore and innovate while being undaunted by uncertainty? Listen in. Enjoy the conversation... Running time: 56:52. Hello from beautiful Montreal. Subscribe over at iTunes. Please visit and leave comments on the blog - Six Pixels of Separation. Feel free to connect to me directly on Facebook here: Mitch Joel on Facebook. or you can connect on LinkedIn. ...or on Twitter. Here is my conversation with Dr. Margaret Heffernan. Uncharted - How to Map the Future Together. Willful Blindness - Why We Ignore the Obvious at our Peril. Beyond Measure - The Big Impact of Small Changes. Margaret’s other books. Margaret’s TED talks. Follow Margaret on Twitter. This week's music: David Usher 'St. Lawrence River'.
Dr. Margaret Heffernan produced programmes for the BBC for 13 years. She then moved to the US where she spearheaded multimedia productions for Intuit, The Learning Company and Standard&Poors. She was Chief Executive of InfoMation Corporation, ZineZone Corporation and then iCast Corporation, was named one of the “Top 25” by Streaming Media magazine and one of the “Top 100 Media Executives” by The Hollywood Reporter. The author of six books, Margaret's third book, Willful Blindness : Why We Ignore the Obvious at our Peril was named one of the most important business books of the decade by the Financial Times. In 2015, she was awarded the Transmission Prize for A Bigger Prize: Why Competition isn't Everything and How We Do Better, described as “meticulously researched…engagingly written…universally relevant and hard to fault.” Her TED talks have been seen by over twelve million people and in 2015 TED published Beyond Measure: The Big Impact of Small Changes. Her most recent book, Uncharted: How to map the future was published in 2020. It quickly became a bestseller and was nominated for the Financial Times Best Business Book award. She is a Professor of Practice at the University of Bath, Lead Faculty for the Forward Institute's Responsible Leadership Programme and, through Merryck & Co., mentors CEOs and senior executives of major global organizations. She chairs the boards of DACS and FilmBath and is a Trustee of the Centre for Effective Dispute Resolution. www.mheffernan.com --- Support this podcast: https://anchor.fm/shobhana-viswanathan/support
In this episode, we talk to Margaret Heffernan (Serial Entrepreneur & Author) as we discuss her latest book, why we should look at failure different, and more. Purchase her book here Check out here website **More on Margaret** Dr. Margaret Heffernan produced programmes for the BBC for 13 years. She then moved to the US where she spearheaded multimedia productions for Intuit, The Learning Company and Standard&Poors. She was Chief Executive of InfoMation Corporation, ZineZone Corporation and then iCast Corporation, was named one of the "Top 25" by Streaming Media magazine and one of the "Top 100 Media Executives" by The Hollywood Reporter. The author of six books, Margaret's third book, Willful Blindness : Why We Ignore the Obvious at our Peril was named one of the most important business books of the decade by the Financial Times. In 2015, she was awarded the Transmission Prize for A Bigger Prize: Why Competition isn't Everything and How We Do Better, described as "meticulously researched... engagingly written... universally relevant and hard to fault." Her TED talks have been seen by over twelve million people and in 2015 TED published Beyond Measure: The Big Impact of Small Changes. Her most recent book, Uncharted: How to map the future was published in 2020. She is a Professor of Practice at the University of Bath, Lead Faculty for the Forward Institute's Responsible Leadership Programme and, through Merryck & Co., mentors CEOs and senior executives of major global organizations. She holds an honorary doctorate from the University of Bath and continues to write for the Financial Times and the Huffington Post. Visit our website TheStartupLifePodcast.com Follow The Startup Life Podcast Facebook Page Want gear from The Startup Life? Check out our gear! Check out other great podcasts from The Binge Podcast Network. Written by: Dominic Lawson Executive Producers: Dominic Lawson and Kenda Lawson Music Credits: **Show Theme** Behind Closed Doors - Otis McDonald **Break Theme** Cielo - Huma-Huma **Sponsors/Partners** Listen and subscribe to the Keep Optimising Podcast on Apple Podcasts, Spotify or anywhere you like to get your favorite podcasts. You can also get more information at https://keepoptimising.com/.
George Jepsen is a partner in the law firm of Jepsen Rowthorn, LLP, where he works with former Connecticut Deputy Attorney General, Perry Rowthorn. George assists clients in navigating the unique world of state attorney general inquiries, investigations, and litigation. As Connecticut's attorney general from 2011-2019, George has years of experience in a leadership capacity on national bi-partisan AG investigations and litigation, including mortgage servicing abuses in the wake of the '08 economic collapse, major data breaches (Home Depot, Equifax, Anthem, among others), Wall Street financial malfeasance in the lead up to the '08 crisis (Standard & Poors, Moody's, RBS, LIBOR), the Volkswagen emissions scandal, the opioid crisis, and price fixing in both the e-book and the generic drug markets. In 2016-17, George served as president of the National Association of Attorneys General, highlighted by a presidential initiative entitled, “Evolving Changes in the American Health Care Marketplace.” Prior to his election as attorney general, George served 16 years in the Connecticut General Assembly, including six years as senate majority leader (1997-03). He earned his B.A. at Dartmouth College, and his J.D. and MPA from Harvard. Help us grow! Leave us a rating and review - it's the best way to bring new listeners to the show. Don't forget to subscribe! Have a suggestion, or want to chat with Jim? Email him at Jim@ThePoliticalLife.net Follow The Political Life on Facebook, Instagram, LinkedIn and Twitter for weekly updates.
Stai ascoltando un estratto gratuito di Ninja PRO, la selezione quotidiana di notizie per i professionisti del digital business. Con Ninja PRO puoi avere ogni giorno marketing insight, social media update, tech news, business events e una selezione di articoli di approfondimento dagli esperti della Redazione Ninja. Vai su www.ninja.it/ninjapro per abbonarti al servizio.Amazon, Netflix e le altre Wall Street superstars. I due giganti della Silicon Valley ieri hanno superato i massimi di tutti i tempi, nonostante l'indice Standard & Poors 500 sia ancora negativo del 16% da inizio anno. Pur occupando spazi diversi, hanno capitalizzato dalla crisi del Coronavirus sia cibo che intrattenimento, dimostrando di servire i loro clienti con due beni essenziali. Anche Peloton, società di attività fisica a distanza, e Zoom sono star performers del periodo. Il motto Romano "Panem et Circenses" sembra vivo più che mai.Quanto sono catastrofici i dati sull'economia. Osservando la ripresa dei mercati azionari, dai minimi raggiunti appena due settimane fa, sembra che gli operatori finanziari si aspettino una certa ripresa non troppo lontana. Manifattura, disoccupazione e vendite al dettaglio, sono in ritardo rispetto ai dati correnti e gli investitori seguono parametri più immediati. Riapertura di alcune attività, rallentamento dell'epidemia e consumi energetici settimanali, sono alcuni di quelli seguiti attualmente.Il FMI invita ad evitare gli errori del passato. Un problema che ha caratterizzato la grande depressione degli anni 30 e la grande recessione del 2008, è che i governi hanno attuato manovre restrittive di bilancio premature rispetto alla lunghezza della crisi. In questo frangente il Fondo Monetario Internazionale invita gli stati a pensare a manovre fiscali espansive e durature fino alla completa ripresa dell'economia e oltre. Il rischio di accumulare debiti in eccesso sarebbe mitigato da tassi di interesse particolarmente bassi.
Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news of a respite in global tensions.Wall Street is +½% higher today on the general news that trade tensions seem to be easing, and Middle East political tensions are as well. Overnight, European equities slipped on most exchanges, except London - a rare reversal.Yesterday, Asian equity markets were quite bullish. Shanghai was up +0.8%, Hong Kong was up +1.1% and Tokyo was up +0.5%. The Aussie equity market slipped -0.4% while the NZX50 was virtually unchanged.In Canada, businesses there are slightly more optimistic heading into 2020. Like consumers, they expect inflation will remain low. And they still expect to invest and hire at a similar rate to 2019.In China, even though it is the largest car market in the world selling more than 26 mln vehicles per year, they expect sales will decline -2% in 2020. Generous state subsidies for non-petrol/diesel vehicles will continue.This is having a flow-on impact as China's steel manufacturers continue output at record levels even as key customers are buying less. Beijing is alarmed at the rising losses. A big shakeout is coming. Australia is unlikely to ship as much iron ore in 2020 as it did in 2019. [Advert]And here is a message from our friends at Hatch.With Hatch, anyone can invest in the US share markets.Billionaire Warren Buffett says investors should stick to areas they know, so it’s no surprise that Kiwis are backing technology companies through our investing platform. Companies like Nvidia, Apple, Amazon, Netflix, Disney and Tesla regularly feature as our most popular shares. Visit www.hatch.as/investing to buy any of these US-listed shares and learn more. In the Philippines, the Mt Taal volcanic eruption, while initially dramatic, is now expected to burst into a huge event soon. Large numbers of people are being evacuated. The fear is that it could have wide regional climate impacts.In Australia, the bush fire emergencies have changed the political views on climate change, and they are likely to get embedded following their Royal Commission inquiry into the disaster. Fossil-fuel-energy jobs will become the flash-point.And the wider financial markets are likely to be impacted, according to Standard & Poors. They said, "The recent bush fires will have a flow-on effect on local employment in industries such as tourism and agriculture, which could lead to debt-serviceability pressures for affected borrowers."The UST 10yr yield is now up to 1.84% and a rise of +2 bps overnight. Gold will start today down -US$11 at US$1,551/oz.US oil prices are lower again today now just over US$58.50/bbl and the Brent benchmark is down too at US$64.50/bbl.The Kiwi dollar is unchanged at 66.3 USc. On the cross rates we are slightly softer at 96 AUc. Against the euro we are at 59.6 euro cents. That puts our TWI-5 at 71.5. Beijing is still letting the yuan strengthen deliberately against the US dollar and its now back to levels we last saw in August 2019. It seems to be part of the Phase One trade deal.Bitcoin is also unchanged since this time yesterday at US$8,096. You can find links to the articles mentioned today in our show notes.Get more news affecting the economy in New Zealand from interest.co.nz and subscribe to receive this podcast in your favourite podcast app - we're on Apple Podcasts, Google Podcasts, Spotify or subscribe on our website.Tell your friends and leave us a review - we welcome feedback.
Hey there and welcome back to Ireland's #1 personal finance blog. This week we are exploring what is quite a common challenge for people, the decisions about investing a lump sum now or waiting for markets to fall or crash. Funnily this is not usually a challenge for would-be investors when markets are calm and rising. It more often becomes a challenge when market volatility hits, or when media is claiming that the market it 'over-priced' or at an 'all-time high'. The Impact Of Time In considering this it obviously makes sense to consider what the intent is with investing. When doing a presentation last week for a group of advisors I asked them what the main purpose of investing is, 50% of the room said it is to beat inflation, while the other 50% of the room said it was to achieve decent growth. If you are considering an investment perhaps it is worth considering what your intent is with that investment. I firmly believe that unless there is a clear goal or plan for the funds then you are much more likely to make decisions that would be detrimental to your long term investment success. We can never obviously predict what the future holds for markets, and that history may well not repeat itself, but history (and the constant upward curve!) are all that we have to go on. One piece of data I particularly like relates to the impact of time in the market, as opposed to timing. It analyses the Standard & Poors 500 (S&P500) between 1926 and 2011, and determines what percentage of rolling periods had positive returns, for various durations in that market. 1 Year - 73% of rolling periods positive (752 of 1021 rolling periods) 5 Years - 86% of periods positive (844 of 973) 10 Years - 94% of periods positive (860 of 913) 15 Years - 99.7% (851 of 853) 20 Years - 100% of periods positive! These numbers basically speak for themselves here but to quickly look at both ends, 1 year and 20 year periods. We can see clearly that we stood a fairly decent likelihood of our investment being in positive territory after 12 months, but certainty of positive returns if we had invested for a 20 year period. Not everyone will have a 20 year window over which to invest but there is no denying that it clearly demonstrates the old and over-used mantra of 'its not about timing the market, rather time IN the market'! Read the full Blog here. Paddy Delaney QFA | RPA | APA | Coach
In this episode, podcast host and author of “Control Your Retirement Destiny” covers Chapter 1 of the 2nd edition of the book titled, “Why It’s Different Over 50.” If you want to learn even more than what there is time to cover in the podcast series, you can find the book “Control Your Retirement Destiny” on Amazon. Or, if you are looking for a customized plan for your retirement, visit us at sensiblemoney.com to see how we can help. Chapter 1 – Podcast Script Hi, I’m Dana Anspach, the founder and CEO of Sensible Money, a fee-only financial planning firm that specializes in helping people transition into retirement. I’m also the author of the books Control Your Retirement Destiny, and Social Security Sense. My passion for helping people make the best retirement decisions possible is what led me to write Control Your Retirement Destiny and I’m honored by the incredible 5-star reviews it has received. I wrote it because I wanted people to see what a real retirement plan looks like – and the book spells it all out, step by step. Today, I’m thrilled to bring to you this podcast where we will discuss highlights from the book. In this episode, I’ll be covering Chapter 1 of the 2nd edition of the book titled, “Why It’s Different Over 50.” If you want to learn even more than what we have time to cover in this podcast series, I encourage you go to Amazon.com and search for Control Your Retirement Destiny. Or, if you are looking for a customized plan for your retirement, visit us at sensiblemoney.com to see how we can help. Let’s get started. ---- So, why is it different over 50? Sure, your joints ache more, and you can no longer read menus, but, do the financial aspects of life change too? In many ways, yes, they do. Think of it like this… Imagine you’re planning for a road trip. This road trip has two phases. The first phase is the accumulation phase. This occurs during your working years where your focus is on saving for retirement. You have a set point in time you are saving for – a destination you want to reach by a specific age. The second phase is the decumulation phase of the road trip. This will be the point in time where you will “live off your acorns”. You have a lot more flexibility in this phase, but also, a lot more unknowns. Let’s look at each phase more closely. First, the accumulation road trip. Assume for this portion of the road trip, you’re not going too far, only about 300 miles. Your gas tank holds 18 gallons and you didn’t have an electric car, so you only get about 20 miles per gallon. Taking 18 gallons x 20 miles per gallon, you can estimate you’ll get about 360 miles per tank. Since your destination is 300 miles away, it’s pretty easy to figure out you can get to there on one tank. This type of calculation is simple and easy to do. When you’re young and actively saving for retirement, this type of calculating helps you figure out how much to save. For example, if you’re age 40, and you want to save $1.5 million by age 65, how much do you need to put away each year? The answer is about $24,000 a year – that is assuming you earn about 7% a year on your investments. This type of math is relatively easy to do using a spreadsheet or a financial calculator. It’s easy because you plug in specific data, such as 25 years and a 7% return. Now, let’s start the second part of your road trip – the decumulation phase – and see how the math gets harder. As you start the decumulation phase, here are some of the questions you have. How long is your road trip going to be? What terrain will you be driving over? What will the weather be like? Are they any gas stations along the way? What will the price of gas be? These are all unknowns. Let’s break these unknowns into four risk categories. The first category is called “Longevity Risk”. You don’t know how long you’ll live. So you don’t know how many total miles you’ll be driving. Instead of knowing it is 25 years until you reach age 65, now your road trip could be 20 years, thirty or even 40 years. The next risk category is called “sequence risk”. This has to do with the unknown market returns. For example, we all know that city driving takes more fuel than highway driving. But with this road trip, you don’t know what conditions you’ll encounter. This risk impacts you when you are accumulating too. But while you are younger you have time to recoup from mistakes, or from a period of time with below average investment returns. As you get closer to retirement, a bad sequence of returns, or several years in a row with poor returns, can cause a result that you didn’t see coming. This next risk category is “inflation risk”. What will the price of gas be as you travel along? Will prices rise over time, and if so, by how much? The last challenge you have is rationing your supplies. This is a risk retirees face called “overspending risk.” Suppose you pack your favorite snacks, but you go on a binge early on the trip and gobble them all up? Now, you don’t have enough for the tail end of your trip. To feel comfortable transitioning into retirement, you need a plan in place to account for these unknowns. In this podcast on Chapter 1 of Control Your Retirement Destiny, I’m going to provide an introduction to each of these four risks; longevity risk, sequence risk, inflation risk, and spending risk. LONGEVITY RISK First, longevity risk. When you run a projection, you must start with an assumption about how long you might live. You can guess, or you can use science… sort of. Science works well for engineering when you’re working with known factors – like gravity. But as we discussed, this road trip has a lot of unknowns, so when it comes to this type of planning, it’s really a scientific guess. Or, the term I love, that one of our clients shared with us, … a SWAG… or Scientific Wild A** Guess. (Can I say that on a podcast? I sure hope so!) To SWAG longevity risk – the unknown factor of how long your road trip is, it is best to start with mortality tables –– These are the types of tables that insurance companies use and that the government uses when figuring out how much in Social Security they will pay out over time. We’ll start with data from 2014 mortality tables. If you’re curious, you can find these tables and associated research on the Society of Actuaries website. First, let’s look at singles. SINGLES For a single female, age 60, –how likely do you think it is she’ll live to 85? Would you be surprised to know there is a 60% chance? - (64% white collar only) Male – age 60 – A male age 60 has a 51% likelihood of living to 85 - (58% to white collar) Those are high odds. Many people make decisions about money with an off-hand comment such as “well, I might not live that long”. That’s like betting against the odds! Not only do people routinely underestimate how long they’ll live, many married couples make decisions based on their own life expectancy, as if they were single. What they need to do is look at their joint lifespan. If you’re married, how likely is it one of you will live to 85? The odds go up to 80%! 85% when looking at just the white collar data set. What about the likelihood that one of you will live to 90? There’s a 58% chance – which goes up to 65% for white collar folks. ---- I’d play to those odds in Vegas any day. Wouldn’t you? So doesn’t it make sense that you should align your finances to take advantage of those odds? What do you think the 85-year-old… you will wish the 50-year-old you had done? What about the 90-year you? What do you think they’ll wish the 60- year old had thought about? The types of decisions I’m talking about aren’t just “save more and spend less.” There are more complex decisions to make – decisions that help reduce the risk of outliving your money. For example, one decision that can have a big impact on protecting you against the risk of outliving your money is the decision as to when you start Social Security. Your Social Security benefits are inflation adjusted and you get a lot more per month if you start benefits at a later, age rather than as soon as possible. And if you’re married, you must learn how Social Security survivor benefits work. Many couples have one person who made the majority of the income. All too often that person starts Social Security benefits at a young age, and thus severely curtails the survivor benefits available to their spouse. There are many financial tools to consider when looking at how to protect your retirement income for life. You have to be open minded and willing to learn how things really work. This isn’t always easy. The bias against some financial tools can be so strong that when I mention them, you’d think I’d said a four-letter word! What are tools the illicit such strong responses? Things like Reverse mortgages and annuities. These products can be great financial tools when used in the right situation. It’s sad that many of these tools are marketed in such a cheesy way that people refuse to consider them. ---- In conclusion, when it comes to longevity risk, the unknown length of your road trip, be open minded and evaluate financial decisions such as When you begin Social Security Use of a reverse mortgage Purchasing an income annuity To protect the older you, it can also make sense to consider… Working a little longer Using investments that are most likely to keep pace with or outpace inflation SEQUENCE RISK Next, let’s talk about sequence risk, or to use road trip vernacular, what we’ll call “the gas mileage question.” As we discussed, it would be difficult to calculate how many miles per gallon you were going to get if you didn’t now whether you were going to be driving mostly highway miles, or city miles. When planning for retirement the unknown conditions are your market returns. There’s something called The Retirement Red Zone – considered to be the last 10 years of working and the first 10 years of retirement. What if your Retirement Red Zone occurs during a time where the economy is booming? Or what if it is during a recession? These things make a big difference – and you need to know your plan will work either way. ---- To study how much investment returns can vary, let’s look at two historical examples. First, safe investments. Certificates of Deposit or CDs, issued by banks, are considered a safe investment. In 2001, you could earn over 6% interest on a 3-month CD. If you were planning for retirement, you might have naturally made the assumption that 6% interest was realistic. For every $100,000 you had in CDs, you assumed you’d have $6,000 a year of interest income to spend. Fast forward to 2011 – and that same 3-month CD was paying less than 1/3 of 1%. Your $6,000 of income had dropped to $300 a year. Ouch. ---- Well, if CDs didn’t provide consistent income, what about the stock market? The Standard & Poors 500 Index, commonly referred to as the S&P 500, tracks the collective performance of the stock prices of five hundred of the largest U.S. based companies. From 1926 to 2017, a 92 year time span, the S&P 500 averaged just over 10% a year ( 10.2%) Looking at a more recent time period, 1995 to 2017 The average annual compound return was also just over 10% ( 10.1%) I start by using averages, because financial literature often uses averages to illustrate the historical performance of an investment. And most people use past returns to choose investments and set expectations for the future. Ten percent sounds great. If you earn 10% a year, your money doubles almost every 7 years. But in the book The Black Swan, author Nassim Taleb uses a line I love. He says, “Don’t cross a river if, on average, it is 4 feet deep.” By nature, an average is composed of times where returns were higher, and times where they were lower. Take the time period that has become known as The Lost Decade as an example. The Lost Decade, 2000 – 2009, The S&P 500 had a negative return of .9 – or a loss of about 1% a year over that ten years. All was not lost, however, depending on how you invested. The S&P 500 represents the performance of only 500 large cap stocks. If you used a globally diversified portfolio of stock index funds, with exposure to many other asset classes and to stocks across the globe, you averaged 5.4% a year over The Lost Decade. (DFA Global Equity Index 5.4%) Still, that’s a far cry from the long-term average of 10% that you might have been expecting. Averages can be dangerous by giving you misleading expectations. They can also be dangerous when used in software programs and when planning for retirement. I’ll talk through an example to explain why. From 1973 – 1982, the S&P 500 averaged 6.7%. Not a bad return. Let’s assume its 1973 and you are using an online retirement calculator. Of course, those didn’t exist then, but just humor me for the sake of leaning. You plug in 6.7% for your expected return. The software assumes you earn 6.7% each year. You start with $100,000 and tell the software to withdraw $6,000 per year. It shows you that at the end of the 10 years, you should still have $109,000 left. You think that’s great, especially considering the fact that you took out $60,000 along the way. You retire based on this plan. Unfortunately, what really happened, is in 1973 the stock market went down the first few years. This means when you withdrew the $6,000 you had to sell some shares at a loss. Although the market recovered, you had less shares available to participate in the recovery. So, although the software said you should have $109,000, remaining at the end of the decade, what you ended up with was $83,000. That’s a $26,000 difference between what you thought you would have based on a calculation, and what reality delivered. How do you plan for such varying conditions? Well, when engineers build a bridge they don’t build it for average weather. They test for extremes. You have to do the same thing when planning for retirement. You test your approach to see if it works over bad economies, as well as good ones. You can also build in contingencies. For example, assume you like to travel. Spending extra on travel might work fine as long, as you get average returns. But you know if a recession should materialize, your contingency plan will require you to travel less or give up travel for a few years. Building in contingencies give you flexibility in your planning. Another option is to segment your investments into what is needed for different legs of your trip. For example, picture having safe investments to fuel the first 10 years of your journey and growth investments to fuel years 11 and beyond. The technical term for using this approach is asset liability matching, and I’ll cover it in Chapter 5 on investing. ---- INFLATION RISK The next thing to consider on your road trip is the unknown price of gas, or inflation risk. When I was in elementary school, I lived in St. Louis, Missouri. Actually Chesterfield, which is a suburb of St. Louis. It was the early 80’s and I used to ride my bike to the nearest Schnuck’s Grocery store to buy my favorite candy bar, a Reese’s Peanut Butter Cup. It cost a quarter. today The price of gas provides another great example. In the 1990’s the price of a gallon of gas ranged from $1 - $1.30. Today, it hovers about $3.00 a gallon. So, we know inflation is real. Prices do rise. The standard rule of thumb in financial planning projections is to assume a 3% inflation rate, as this has been the long-term historical average. Inflation is measured by what is called the Consumer Price Index (or CPI) , which tracks the collective prices of a basket of goods and services. In recent history, 1990 – 2017, inflation has actually been less than 3%, 2.4% as measured by the Consumer Price Index. Over that time, prices of some goods have come down, while prices of some services, such as health care, have gone up. Inflation does NOT impact all things and all people equally. Believe it or not, in retirement, most of you will not need your current level of spending to continue to go up at the same rate as inflation. For example, assume you enter retirement with a mortgage payment of $1,500 a month. Your mortgage has 12 more years. This is a fixed payment. Your mortgage will not go up each year with inflation. Your insurance and taxes will though. Or, early in retirement you may have children who still need financial assistance. That expense is likely to go down later. This is why, once again, I don’t like using averages. If you tally up your expenses, and grow them by 3% a year, and save enough to support that goal, you might actually be over-saving. Now, granted, not a lot of bad things happen by saving too much. Still, many people who develop a custom plan realize they can retire earlier than they thought. To determine how inflation really impact retirees, research studies examined retirees and how they spend money over time. My favorite research paper on the topic is called Estimating The True Cost of Retirement, written in 2013 by David Blanchett. David is the Head of Retirement Research at Morningstar. The research shows: Spending is at its highest when retirees are in the 60 – 65 age range Then it slows down, with those same retirees spending a lot less as they enter the 75 – 85 age range. As retirees near age 85+ , spending tends to increase again, primarily due to health care needs. This spending pattern is often described as the “Go-go years, slow-go years and, no-go years.” The research paper concludes that many retirees may need approximately 20% less in savings than the common assumptions would indicate. And that retiree expenditures do not, on average, increase each year by inflation This research went even deeper and segmented retirees into three groups. Those who spend about $25,000 a year in retirement, $50,000 a year and $100,000 a year or more. Inflation has the biggest impact on lower income households. That makes sense – when you’re on a tight budget, price increases on basics such as food and gas have a big impact. Inflation has a much lower impact on households spending $100k or more in retirement. The research concludes that “When correctly modeled, the true cost of retirement is highly personalized based on each household’s unique facts and circumstances.” I see this first hand with the work we do with clients. We build in inflation raises in our projections. But as our clients reach their 70’s and we offer their annual inflation raise, they often tell us they don’t need their monthly withdrawal to go up. They’re perfectly comfortable on what they are already getting. In conclusion, Averages can be quite misleading when it comes to market returns, and when it comes to the impact of inflation. When planning for retirement you want to customize your spending assumptions and the impact of inflation to your financial circumstances. Using a rule of thumb, such as inflating all expenses at 3% a year, may result in over-saving for retirement. OVERSPENDING RISK The last topic to introduce you to in Chapter 1 is Overspending Risk. This is the risk of spending too much too soon. When I think about overspending risk, the movie The Martian, with Matt Damon, pops up in my mind. In the movie, he has to carefully ration his food. If he doesn’t ration his food, he’ll run out of food too soon and die before the rescue team can get to him. In retirement, if you take out too much money too early in retirement, you increase your risk of running out of money early. That’s why you have to plan for big expenditures like auto purchases and major home repairs. Many people forget to include these items when they are figuring out how much they’ll need in retirement. Another problem that occurs - if your investments do well early in retirement, it’s easy to take out the excess and spend it. This may seem reasonable at the time. But remember how averages work. If you are in the middle of a time period where things are doing really well, you have to take some of the gains, and set them aside for the inevitable period of time when investment returns will be below average. This is how you ration your supplies as you travel on the retirement road trip. If you don’t have a way to measure how much you can safely take out, and how to account for big ticket items, you can easily spend too much too soon. Another thing that catches people off guard in retirement are taxes. Take the popular 4% rule as an example. The 4% rule says that you can safely withdraw 4% of your portfolio each year, and reasonably expect to have it last for life. Let’s talk through an example. Using the 4% rule, you would conclude for every $100,000 you have invested, you can withdraw and spend $4,000 a year. That works, except if that $100,000 is all in a Traditional IRA, 401k or other tax-deferred retirement plan. The money you withdraw from traditional retirement plans will be taxed. If you’re in the highest tax bracket, after taxes, you might have only $2,400 of the $4,000 available to spend. Simple rules of thumb can be great to use when you are age 40 and planning for retirement 20 to thirty years away. But once you are within 5 years of your retirement age, they are not an effective way to determine what you can actually take out and spend each year. Rules of thumb do not account for taxes, and even if you try to account for it with an estimated tax rate, such as 20%, in reality, your taxes in retirement may be vastly different than your neighbors. And your taxes are likely to vary from year to year. Taxes depend on the source of income. While Roth IRA withdrawals are not taxed, 401k withdrawals are. And while some people pay no taxes on Social Security benefits, others will pay taxes on 85% of the benefits they receive. You need a customized plan to accurately project how much you’ll pay in taxes in retirement. So, let’s review what we discussed. When you get ready to transition into retirement, it’s like heading out on a road trip where… You don’t know how long you’ll be traveling. We call this longevity risk – the unknown factor of how long you’ll live. You don’t know what type of driving conditions you’ll encounter. We call this sequence risk – the idea that you could retire into a bad economy or a good one – and you need your plan to work either way. You don’t know the future price of gas. This is inflation risk. Research shows the traditional assumptions used in the financial planning industry may be overestimating what you’ll actually need. You have to have a way to ration your supplies. This is overspending risk. Use too much too soon, and you could run short later in your journey. There is a way to account for these challenges. It starts by looking at your household finances. Then, you learn how to align the pieces to work together. We start this journey in Chapter 2, where we begin to follow Wally and Sally, a couple getting ready to retire. We look at how they can most effectively put together a plan. Thanks for joining me for Chapter 1 of Control Your Retirement Destiny. To learn more, get a copy of the book on Amazon, continue through the podcast, or, to work with a professional retirement planner to put together your own customized plan, visit us at SensibleMoney.com.
Con Manu de la Fuente explicamos el último engaño de la Banca española. Standard & Poors el pasado viernes sube la calificación a todos los bancos españoles en bloque. Entramos en la fusión Colonial Axiare. ¿Descuenta la Bolsa las noticias? Cómo abordar movimientos volátiles como el de hoy de IAG 11-04-2018 en Economía a las 2 de Gestiona Radio. Y tres asuntos relevantes.
Con Manu de la Fuente explicamos el último engaño de la Banca española. Standard & Poors el pasado viernes sube la calificación a todos los bancos españoles en bloque. Entramos en la fusión Colonial Axiare. ¿Descuenta la Bolsa las noticias? Cómo abordar movimientos volátiles como el de hoy de IAG 11-04-2018 en Economía a las 2 de Gestiona Radio. Y tres asuntos relevantes.
Standard & Poors sube un escalón la calificación crediticia de la petrolera española desde 'BBB-' a 'BBB', con perspectiva 'estable'. Una noticia que esperaba el mercado pero no tan pronto, tal y como apunta Natalia Aguirre, directora de análisis de Renta 4.
Standard & Poors sube un escalón la calificación crediticia de la petrolera española desde 'BBB-' a 'BBB', con perspectiva 'estable'. Una noticia que esperaba el mercado pero no tan pronto, tal y como apunta Natalia Aguirre, directora de análisis de Renta 4.
La declaratoria de que Venezuela entró en incumplimiento de pago con sus deudores, lo que se conoce como ´default’, es para varios analistas la antesala del colapso de la economía del gobierno de Nicolás Maduro, que por cuenta de este anuncio perderá acceso a créditos internacionales y se expone al embargo de los bienes que tenga en el exterior. Así mismo, luego del anuncio de esta cesación de pagos, realizado por la calificadora de riesgos Standard & Poors, se prevé también que se afecte el abastecimiento de los alimentos y bienes básicos que esa nación compra en los mercados internacionales, con lo cual la situación de descontento social se podría agravar. Ante ese panorama, una pregunta clave es si esta situación de deterioro de la economía puede hacer tambalear el régimen de Maduro. Análisis con los editores de Internacional, Eduard Soto y de Economía, Mauricio Galindo. Además, en esta edición de ‘Al Cierre, con Andrés Mompotes’, ¿Cuánto tiempo se retrasará el proceso contra el ex magistrado Leonidas Bustos, luego de que su defensa recusó a los representantes investigadores que llevan su caso en la Comisión de Acusación? Por qué la Nasa está maravillada con las imágenes que captó la sonda espacial Juno en su nuevo recorrido de exploración en la órbita de Júpiter, el planeta más grande del sistema solar, y luego de la victoria de Colombia ante China (4-0) ¿qué viene para la selección de Néstor Pékerman en su camino de preparación para el Mundial de Rusia 2018? ¿Cuáles son los dos rivales europeos con los que debería jugar en marzo próximo?
Simon Shares Anchor Capital (JSE code: ACG) been getting pounded, after almost 2000c in late 2015 now around 600c. HomeChoice International (JSE code: HIL) is an online machine at making money, but liquidity is zero. Four trades this months and a spread of 1400c / 3540c. So just avoid. Oil under pressure, good for fishing companies and motorists. Sasol* (JSE code: SOL) has some hedges at around $47 and is looking good for a buy at around R360. Last week I commented was looking to pick up more Tongaat* (JSE code: TON) around R123.50 then then the drought update and stock has flown, now R133. I have updated most of the prices to be paid for my death till us part stocks here. Standard & Poors still rattling around pondering a downgrade for SA. Next release in June and then December by when they have to either downgrade us or remove the negative outlook. Choppies (JSE code: CHP) results tough as they try and take on the big guns on their back yard. Blue Label (JSE code: BLU) about to buy Cell C, I not impressed with buying the their operator in a tight market. Some saying they are next Capitec* (JSE code: CPI), can't see how or why. Foresight Solar Fund listing, looks interesting as a dividend / Sterling play. Upcoming events JSE Power Hour: Anthony Clark 2017 small cap picks * I hold ungeared positions. We Get Mail Anon I hold a small penny stock I bought years ago and it is now down about 95%. What do I do now? JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
Can DIY investing beat the market? Simon Shares PPC in real trouble. Management have let the company down by not spending up capex locally, not hedging their USD debt and now they need a massive rights issue. Will they survive? Are local markets pricing in a downgrade? Nobody knows either what Standard & Poors will say or what the market is or is not pricing in. We have a new podcast going live every week, The Fat Wallet Show. In it Just One Lap CEO Kristia van Heerden, picks a topic and asks questions until she gets an answer. She kicked off with structured products. Momentum portfolio update for the quarter ending May 2016 is here, life time returns below. Momentum portfolio life time returns We Get Mail Daniel Now if research shows that the percentage of fund managers that outperform the index over a 1, 3, 5+ year period get smaller and smaller then, what chance do we as retail investors have of: A) outperforming a fund manager (with CFA's, CA's, research teams) when stock picking; and B) outperforming the index? Esther Please give details on tax and the trader. Kenny I have a discretionary share portfolio in which I occasionally sell a share after keeping it for less than 3 years. I never withdraw money out of my account, but will keep it in cash and wait for a buying opportunity. Will I be held liable for income tax or does income tax only apply when an investor withdraw money out of his share account? Higgo (via twitter) Would you rather sell Discovery (JSE code: DSY) and buy British American Tobacco (JSE code: BTI) or Investec (JSE code: INP/INL)? JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
A simple diverse ETF portfolio Simon Shares Balwin (JSE code: BWN) knocked their results out of the park, but my bigger picture concerns remain. Standard & Poors down grade or not is next Friday. I did a Twitter poll that came in split by 1 vote. So nobody knows. Twitter poll on SP downgrade Complexity of costs. Come industry make it simple. Mining: Returning to the mean? Peter Major did an excellent JSE Power Hour for us, the video is here. On the ETF blog this week we look at the Pref shares ETF (JSE code: PREFTX). 2 June at 5.30pm,Keith McLachlan on building a small and mid cap portfolio the right way. Book here. Nerina Visser, director at ETFsa.co.za Which ETF if you buying for; R300 / month (CTOP50) R1000 / month (CTOP50, DBXWD & ASHINF) Large lump sum into a TFSA (CTOP50, DBXWD, ASHINF & PTXTEN) We also chatted about costs, are we missing any ETFs as an industry and how to respond to the potential downgrade from Standard and Poors. JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
How do we get smarter? Simon Shares Calgro M3 (JSE code: CGR) results were great. We're seeing operational leverage coming through and a lot of projects seem to have only added a modest amount in this year with more coming in the new financial year and the memorial parks look interesting. They did have some issues with Namibia, having to relaunch the retirement development and others. Back in December / January I exited some of my position but am happy to hold the balance. Pipcoin = pyramid scam What's happened to the PIIGS? So Moody's was all nice to us, sure but are we really avoiding the ultimate downgrade to junk? Standard & Poors still the one to watch with June their next update and likely the first to make us junk. On the ETF blog this week we look at the Momentum ETF (JSE code: NFEMOM) as well as find out about total return which involves dividends being automatically reinvested into the ETF. We're doing a webcast of the lazy trading system on the 12th at 8pm and an IG Boot Camp on Tuesday at 6pm. Book here. Sanlam i3 2016 Summit I attended this event last week and have a number of thought from the speakers, in particular Dr Amlan Roy who spoke on demographics (here's a short video interview with him). My three key learnings; Differences more important than similarities (Eusebius McKaiser) Demographics most important thing we ignore (Dr Amlan Roy) Most of what we think is skill is actually well spent (Roland Rousseau) We Get Mail Samuel Is there a way to position my portfolio to minimize risk when a downgrade of the country`s credit rating is on its way? I believe that the downgrade will happen in this year. Is there a way to gain on this? Everybody Where do I find an offshore broker? JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
Hating on unit trusts Simon Shares SPIVA results for South Africa are out and they track how many active managers fail to beat the index. Truth is that even over 1 year most do NOT beat the index. In short, buy passive or lose money? The PDF of the report is here. Standard & Poors has downgraded SA's expected GDP for 2016 from 1.6% to 0.8% further cementing the likelihood of a downgrade to junk from the rating agency. African Bank has relaunched, but this is not the one you have shares in. The suspended ABIL sold off good assets and is left with a giant pile of debt and those left holding ABIL when it was suspended in August 2014 hold worthless shares. The Satrix Resi (JSE code: STXRES) is our focus ETF this week. We published our bubble graphic of Top40 individual stock returns for Q1 2016. Helena Conradie CEO Satrix Satrix is best known for their Exchange Traded Funds (ETFs) but have in recent years also moved into index tracking unit trusts. The question is why and if unit trusts are still the evil rip off they were back in the day? It is still a case of watch the fees and know what's inside? We Get Mail clintvanhere via Twitter If you withdraw from TFSA, what are the effects on your annual & lifetime limits? Ryno Can I trade your lazy system in a tax free savings account ? http://justonelap.com/lazy-trading-system/ Fathima After attending your seminar for beginners, I invested in ETFs. However yesterday, I watched your video explaining the benefits of TFSA and I need to know if I made a mistake opening an non TFSA account? Should I close that account and open a TFSA, or keep both? I don't want to incur extra costs. JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
1-Effetto scandalo Nsa: l'America non è più un porto sicuro per i dati dei cittadini europea. La sentenza della corte di giustizia. ..( intervista a Guido Scorza ) 2-l'ira della sindaca di madrid contro le agenzie di rating. licenziate Standard & Poors e Fitch. ..( Giulio maria Piantadosi ) ..3-Patto Hollande - Air France: tolleranza zero contro i manifestanti e più tagli di posti di lavoro. ..( Francesco Giorgini ) ..4-Caos Siria: un regime dittatoriale, centinaia di fazioni armate e 8 governi che soffiano sul fuoco ..5-Scandalo Volkswagen: sono 8 milioni le macchine con il software truccato. ( Alessandro Principe) ..6-Nobel della medicina: il premio alla Cina, il paese che non ama i medici. ( Gabriele Battaglia)
1-Effetto scandalo Nsa: l'America non è più un porto sicuro per i dati dei cittadini europea. La sentenza della corte di giustizia. ..( intervista a Guido Scorza ) 2-l'ira della sindaca di madrid contro le agenzie di rating. licenziate Standard & Poors e Fitch. ..( Giulio maria Piantadosi ) ..3-Patto Hollande - Air France: tolleranza zero contro i manifestanti e più tagli di posti di lavoro. ..( Francesco Giorgini ) ..4-Caos Siria: un regime dittatoriale, centinaia di fazioni armate e 8 governi che soffiano sul fuoco ..5-Scandalo Volkswagen: sono 8 milioni le macchine con il software truccato. ( Alessandro Principe) ..6-Nobel della medicina: il premio alla Cina, il paese che non ama i medici. ( Gabriele Battaglia)
1-Effetto scandalo Nsa: l'America non è più un porto sicuro per i dati dei cittadini europea. La sentenza della corte di giustizia. ..( intervista a Guido Scorza ) 2-l'ira della sindaca di madrid contro le agenzie di rating. licenziate Standard & Poors e Fitch. ..( Giulio maria Piantadosi ) ..3-Patto Hollande - Air France: tolleranza zero contro i manifestanti e più tagli di posti di lavoro. ..( Francesco Giorgini ) ..4-Caos Siria: un regime dittatoriale, centinaia di fazioni armate e 8 governi che soffiano sul fuoco ..5-Scandalo Volkswagen: sono 8 milioni le macchine con il software truccato. ( Alessandro Principe) ..6-Nobel della medicina: il premio alla Cina, il paese che non ama i medici. ( Gabriele Battaglia)
The shutdown is over & the debt ceiling postponed; we take a close look at the new law that finally ended the unnecessary crisis. Links to Information in This Episode Intro and Exit Music: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio) Music: Now It's Over by Smile Smile (found on Music Alley by mevio) Music: Democracy is Dangerous by Thomas Pace (found on Music Alley by mevio) Text of H.R. 2775, the law that ended the shutdown and suspends the debt ceiling 144 House Republicans - a majority - voted against the new law The Monsanto Protection Act is officially dead! Standard & Poors estimates the government shutdown cost us $24 billion. Senator Frank Lautenberg died in office in June 2013 of pneumonia at age 89. Frank Lautenberg's widow was given $174,000 in the new law despite the fact that her late husband's net worth was between $57 and $117 million. Olmstead Lock project funding increased by over $2 billion. Army Corps. of Engineers Olmstead Lock & Dam project summary. Army Corps of Engineers project description with pictures Olmstead Locks & Dam Deterioration video YouTube video of Rep. Chris Van Hollen clarifying that GOP House leadership changed the rules to prevent Democrats from bringing the Senate's continuing resolution - which would have ended the shutdown - up for a vote. Dianne Reidy, the stenographer in the House of Representatives, lost her mind and yelled about Freemasons and Jesus during the vote to end the shutdown. Representatives Quoted in This Episode: Rep. Chris Van Hollen of Maryland Rep. Jason Chaffetz of Utah Representatives Mentioned in This Episode: Senator Mitch McConnell of Kentucky Senator Diane Feinstein of California Senator Lamar Alexander of Tennessee Jen Briney's Recent Podcast Guest Appearances: The David Seaman Hour, episode #154 The Mike Herrera Hour, episode #36 Political Discontent: October 16, 2013 episode
- Howard Silverblatt of Standard & Poors discusses 4th quarter earnings season - Please call 1-800-388-9700 for a free review of your financial portfolio
Om den fria finansen med mer marknad och bättre börs som skulle leda till en ny, rikare värld. Men istället följer den ena djupare krisen efter den andra, och nu verkar hela staters stabilitet hotas. Är det globala finansiella systemet kaputt? Hör röster från Stureplan, Peking och västgötska Gudhem om tro, hopp och verkliga värden i en förvirrad, finansiell tidsålder. I början av augusti skrev ett av de tongivande värderingsinstituten ned USA:s kreditvärdighet – var det den dramatiska händelse som vissa framställde det som eller var det just så förväntat som andra hävdade? På börserna runt om i världen blåste det upp till ny storm - var det bara en logisk reaktion? Men varför så häftigt? Och när ska det ta slut? Många frågor men få svar. Eurosamarbetet knakar i fogarna. Och centralbankschefer efterlyser politiskt ansvar. Siffrorna som i våras förutspådde ljusare tider har redan förbytts i dystra varningar om annalkande mörkare. Vad är det egentligen som händer? Är det bara de vanliga upp- och nedgångarna eller är det rent av en systemkris som håller på att utspela sig omkring oss? Konflikt börjar söka svaren i grundkursen. Det här "finansiella systemet" som man pratar om, vad är egentligen det? Vad har vi det till - inte kan det väl vara för att ha kriser, som dessutom verkar bli både djupare och vanligare och verkar få allt större effekter på vanliga människors liv - på våra jobb, vårt boende och våra pensioner? Konflikts producent Ivar Ekman gav sig in i Stockholms finansvärld för att försöka finna svar och pratade handelsstudenter, ekonomihistorikern Carl Wennerlind, samt finansmannen Martin Andersson. Det finns en röst som på sistone allt mer högljutt påpekat finanssystemets fundamentala brister - en röst som för varje dag blir viktigare att lyssna på. För sen värderingsinstitutet Standard & Poors nedgrade USA.s kreditvärdighet har Kina, åtminstone indirekt börjat ge luft åt sin djupa oro. I ovanligt skarpt formulerade kommentarer kritiserade den statliga kinesiska nyhetsbyrån Xinhua vad man kallar USA.s skuld-missbruk och kortsiktiga interna politiska käbbel som riskerar att sätta hela världsekonomin på spel. Och för att komma till rätta med sitt missbruk måste USA återupprätta principer baserade på sunt förnuft, som att man inte kan leva över sina tillgångar, fortsatte Xinhua. Konflikts Daniel Marquardt ringde upp Zhang Bin, forskare vid Institutet för världsekonomi och politik. som är en del av den kinesiska akademin för samhällsvetenskap och fungerar som rådgivare till den kinesiska regeringen. Finanssystemet påverkar oss alla. Eller, nästan alla. För det finns faktiskt de runtom i Sverige som väljer att så gott det går ställa sig helt utanför systemet, som varken allokerar kapital eller behöver oroa sig för bolåneräntorna. Konflikts reporter Randi Mossige-Norheim åkte till Gudhem utanför Falköping. Där bor Petter Bergström och Camilla Lundin med sina två barn som är nio och elva. Familjen har ingen bil och dom har inga lån på banken, men dom har förråden fyllda inför vintern, med kött, grönsaker, saft, sylt och inläggningar. Gäster i studion är Agneta Stark, ekonom och tidigare rektor vid Högskolan i Dalarna, samt Johan Norberg, idéhistoriker, författare, senast aktuell med boken En perfekt Storm - om finanskrisen 2008 som också har blivit film. Programledare: Daniela Marquardt Producent: Ivar Ekman
Jim announces his new Christian Financial Planner directory and online classified ad website training. Also discussed - Bank Of American laying off 10,000 employees this year, Hewlett Packard gets out of personal computer business and stock drops 22%, Standard & Poors under investigation, is it simply retribution. Live calls.
Jim announces his new Christian Financial Planner directory and online classified ad website training. Also discussed - Bank Of American laying off 10,000 employees this year, Hewlett Packard gets out of personal computer business and stock drops 22%, Standard & Poors under investigation, is it simply retribution. Live calls.
Standard & Poors downgrades its outlook for Italy's debt. Krispy Kreme reports its biggest quarterly profit in seven years. And Toyota introduces a new friend.
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