Wealth

In this article SCHW JPM BLK MS Getty Images As demand grows for specialized portfolios, a trend known as direct indexing is quickly becoming an option for more investors.   Rather than owning a mutual or exchange-traded fund, direct indexing is buying the stocks of an index to achieve goals like tax efficiency, diversification or values-based

Nearly 60% of Americans said they were worried about hidden cameras in Airbnb homes in 2019. And 11% of vacation home renters said they had discovered a hidden camera during a stay, according to a survey by the real estate investment company IPX1031. Spy cameras are not a new problem. In South Korea, more than

“You can tell every young investor that’s never seen a bear market or never used margin … but until they experience the fear, the darkness and the getting completely wiped down of their account, that’s how you learn,” said celebrity investor Kevin O’Leary. Christopher Willard | Disney General Entertainment Content | Getty Images There is

IRS Commissioner Chuck Rettig testifies before the Senate Finance Committee on April 7, 2022. Kevin Dietsch | Getty Images News | Getty Images The IRS backlog of tax returns has swelled over the past year, despite efforts to clear the pileup, according to an agency watchdog. There were 21.3 million unprocessed paper returns as of

In this article After more than two years of lockdowns and border controls, Southeast Asia is finally experiencing some semblance of the old days of travel. Flights are steadily returning to 2019 levels in the region’s major economies, with Singapore, Thailand and Malaysia being the most popular destinations this year, according to the flight data

Apple CEO Tim Cook says there’s at least one question your iPhone can’t answer: How do you build a life that provides both meaning and fulfillment? Luckily, Cook himself has some advice on that front. At Gallaudet University’s commencement ceremony in Washington D.C. last month, Cook advised the new graduates to make decisions based more

Michael Rubin attends Fanatics Super Bowl Party on February 12, 2022 in Culver City, California. Shareif Ziyadat | Filmmagic | Getty Images Billionaire Fanatics CEO Michael Rubin announced Wednesday that he is selling his 10% stake in the parent company that owns the Philadelphia 76ers and New Jersey Devils, citing a conflict of interest with

Westend61 | Westend61 | Getty Images If you get a tax bill and want help from the IRS to set up a payment plan, newly expanded voice bots may make for faster phone service, according to the agency. But some tax professionals are doubtful about the new plan to reduce wait times.  Artificial intelligence-driven IRS

Former Theranos COO Ramesh “Sunny” Balwaniarrives at the Robert F. Peckham U.S. Federal Court with his legal team on March 16, 2022 in San Jose, California. Justin Sullivan | Getty Images SAN JOSE, Calif. — In a harshly worded closing argument, prosecutors on Tuesday said former Theranos COO Ramesh “Sunny” Balwani “wasn’t a victim, he

Jodi Jacobson | Getty Images You don’t have to be older and rich to do some estate planning. In fact, regardless of age and wealth, experts say virtually everyone should consider how they want their assets distributed upon their death and what decisions will be made by whom if they are unable to make those

Most kids between 8- and 13-years-old spend their days riding bikes, playing video games and avoiding homework. Ray Dalio, Bill Gates and Jack Dorsey weren’t most kids. The trio of billionaires each found their professional calling before turning 15. And while their early exposure to finance, tech and business was somewhat serendipitous, Dalio says he

There’s a lot of misinformation surrounding new IRS cash app rules that went into effect January 1, 2022, and many users worry their transactions on apps like PayPal, Zelle, Cash App, or Venmo will be taxed. Social media posts, like this tweet that was published on September 15, have claimed that starting January 2022, if

Valentyn Semenov / Eyeem | Eyeem | Getty Images While many filers dread tax season, Americans living abroad face even bigger yearly burdens – and those are frustrating enough that some want to ditch their U.S. citizenship. Roughly 1 in 4 American expatriates is “seriously considering” or “planning” to renounce their U.S. citizenship, according to

Calling all brainiacs: Bill Gates wants people with high IQs to work for climate-friendly businesses instead of flocking to Wall Street. At a recent TechCrunch event, Gates spoke about how his climate-focused fund, Breakthrough Energy, has attempted to lure the types of high-IQ employees who’d otherwise be seeking lucrative gigs in fields like investment banking.

The UAE is tackling this issue of work-life balance and the government recently rolled out a 4.5-day working week for Emirati government employees. Laszlo Szirtesi | Getty Images News | Getty Images They say it’s risky playing with a winning formula — especially when that formula results in massive revenue for Covid-battered restaurants and is

In this article WTY-FF South_agency | E+ | Getty Images More than a third of high-earning American workers feel strapped for cash — a share that has risen dramatically in recent years. Thirty-six percent of U.S. employees with salaries of $100,000 or more are living paycheck to paycheck — twice as many who said they

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 9, 2022.  Brendan Mcdermid | Reuters American millionaires are raising cash in response to lingering inflation fears, according to CNBC’s Millionaire Survey. Millionaires surveyed by CNBC ranked inflation as the top risk to both the economy and

amriphoto Most millennial millionaires feel optimistic about the U.S. economy, with nearly three-quarters expecting improvements by the end of 2022, according to the latest CNBC Millionaire Survey. Inflation concerns are a theme throughout the survey, with 37% of millionaires saying it’s the biggest risk to the economy over the next 12 months, the findings show. 

Shanghai has been dubbed the most expensive place in the world to be rich, according to a new report, which shows that even the uber-wealthy aren’t immune to inflationary pressures on their most prized luxury goods. The Chinese megacity took the title for the second year running after recording major price increases across 16 out

In this article MAR MA EXPE ZETA Summer travel talk sure isn’t what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which could derail a much-needed 2022 summer travel comeback. Travel conversations on Twitter decreased 75% from April