The wearable revolution will be happening without me, at least for now. Or put another way, I will not be getting an Apple Watch or a Fitbit device anytime soon. For the time being, I will rely on feline assistance.
Read more here.
Thursday, June 25, 2015
Tuesday, June 23, 2015
TheStreet: Millennials Leading Charge Into Foreign Stocks and You Should Follow
By SIMON CONSTABLE
NEW YORK (TheStreet) Americans are increasingly investing in foreign stocks, and millennials are leading the way.
The generation born from 1980 to 2000, whose estimated population of 92 million makes it the biggest in U.S. history, consistently invested more in international stocks than any other age group from 2005 to 2011, according to a new study by the National Bureau of Economic Research. The gains occurred despite rising appetites overall for foreign investments. Read more here.
Karina Albers, CC BY 4.0, via Wikimedia Commons
Monday, June 22, 2015
TheStreet: Why Chasing Stock Returns Could Cost You $1.9 Million
By SIMON CONSTABLE
NEW YORK (TheStreet) -- Chasing stock returns could be far more harmful to your portfolio than you ever imagined.
You might find yourself as much as $1.9 million worse off than if you had left your investments alone, based just on the relatively modest idea of investing the maximum in a 401(k) plan.
Read more here.
Friday, June 19, 2015
Forbes: J.Crew Even More J.Screwed
By SIMON CONSTABLE
Just when you thought it couldn’t get worse for J.Crew, it did.
Earlier this week I posted a column asking a question: Is J.Crew actually becoming J. Screwed? Read more here.
But that was before one of the company’s executives reportedly hit a new low and dragged its image even further down. The New York Post reports:
Read more here.
Tuesday, June 16, 2015
TheStreet: Will 'Obamatrade' Kill Another 1 Million Factory Jobs?
By SIMON CONSTABLE
NEW YORK (TheStreet) -- The Trans Pacific Partnership, or Obamatrade as it's known to opponents, might be bad news for America's beleaguered manufacturing workers. That is, if it ever gets approved.
It's hard to come to any other conclusion after reading a recent working paper from the Federal Reserve that studied the effects of liberalizing trade with China in the past decade. The authors conclude that the U.S. lost 1 million factory jobs in just eight years through 2007.
The Trans Pacific Partnership could mean more of the same. By far the likeliest outcome will be "another trade-related disaster for U.S. domestic manufacturing," says Alan Tonelson, an international trade and manufacturing expert with more than three decades in the field.
Read more here.
Monday, June 15, 2015
Forbes: J.Crew Or J.Screwed?
By SIMON CONSTABLE
Is J.Crew actually becoming J. Screwed?
All is not well at the iconic apparel retailer J. Crew. The lead designer for women’s clothing has been ousted and the customers aren’t happy. In a rather unusual way they are letting their feelings be known.
The Washington Post sums up the mood with the following:
Read more here.“Customers aren’t just abstaining from buying the company’s famously preppy clothes, however. They are publicly criticizing J. Crew’s alleged style and quality shortcomings on blogs and on social media. Using the Twitter hashtag #revivejcrew, disgruntled customers are doffing their cashmere gloves and airing their complaints in 140 characters or less.”
Photo by Mika Baumeister on Unsplash
Curlyrnd, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>,
via Wikimedia Commonsr
WSJ: Women, Especially, Are Failing Financial Literacy
By SIMON CONSTABLE
The bad news: Women are falling far behind men in financial literacy. The even worse news: Men apparently don’t know much about the topic in the first place.
The lack of knowledge can be costly for anyone, of course, but the consequences may be worse for women because they tend to live longer than men. There is some hope, though, at least for the women, as they seem to comprehend their shortcomings in financial expertise.
Those are the findings of two recent studies published by the Global Financial Literacy Excellence Center. Read more here.
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