Wealth

The mental roadblocks humans tend to throw in front of their efforts to make sound decisions have come to be known as “cognitive biases.” Cognitive biases are so apparent and so inherent that there’s no disputing their existence. Psychological research has identified an array of cognitive biases. Given the foundational level at which these biases
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Jose M. Osorio | Tribune News Service | Getty Images Mayor Rahm Emanuel speaks at a press conference following a Chicago City Council meeting at city council chambers in City Hall in Chicago on Wednesday, July 25, 2018.  The city of Chicago is considering implementing monthly payments to struggling families to cover costs of food,
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If you’re trying to guess where Amazon‘s second headquarters will be, forget about the complicated analyses of metro-area workforces, education levels, housing costs, colleges and tax rates. Instead, take a look at where Jeff Bezos lives and where he spends his spare time. By that measure, Amazon’s HQ2 will almost certainly be in the Washington,
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One of the first decisions you will have to make is whether to take all of your winnings upfront in a lump sum, or take the jackpot in periodic payments — known as an annuity — to you and your heirs. While the lump-sum payment is typically smaller than the advertised prize since you are
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A fiduciary is a person given the power to act on behalf of another and put their interests first. The Investment Advisors Act of 1940 is a law that was enacted in order to regulate advisors who, for compensation, give advice to others as to the value of securities or as to the advisability of
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George Clooney may be taking a hiatus from the big screen, but he’s still cashing in. The 57-year-old ranks as the highest-paid actor of the year, according to Forbes’ 2018 list of top male earners, which was released Wednesday. Clooney took in $239 million in pretax earnings, thanks to a lucrative business venture, endorsements and
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Having arrived at a Singaporean airstrip in garish Ferraris and Lamborghinis, the bridal group head off by private jet to a tropical island. Meanwhile the groomsmen commandeer a fleet of helicopters and fly to a nearby container ship, its deck filled with imported showgirls and transformed into an exclusive nightclub-at-sea. As the evening’s celebrations reach
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More employees are putting enough away to get the company match, Fidelity said, particularly millennials, who know they likely will not be eligible for pensions or other types of guaranteed benefits many current retirees enjoy. In addition, the number of 18-to-34 year-olds making contributions to an individual retirement account increased 19 percent from a year
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But doing so can be easier said than done. Just who are you supposed to call on and what are you supposed to ask? One person who has relied heavily on mentors to steer her career is 36-year-old Jayna Cooke. Her mentors guided her through the ranks at Groupon before she went on to found
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On the earnings call Monday morning, Sotheby’s CEO Tad Smith declined to name the paintings. But he said that with one of them “the contribution was positive, and if we had had more bidding it would have been robustly attractive” to the company. The second painting, he said, “was a pricing error.” Art industry sources
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Saudi Arabia’s best-known investor is back in the market. Prince Alwaleed bin Talal, a longtime investor in international businesses including Citigroup, Twitter, Lyft and the Four Seasons hotel chain, announced a $270 million transaction with the French music-streaming company Deezer on Thursday. The Deezer investment is the prince’s first big international deal since January, when
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