Mutual funds are one of the most popular investment vehicles for passive investors. They’re professionally managed by firms and track indices like the S&P 500. Mutual funds allow investors to benefit from high-growth companies by pooling their resources together. However, mutual funds typically charge a small expense fee — often ranging between 0.5% to even...
Shutterstock Finding the right tools and resources to help their business grow is a big challenge for small business owners. That’s where Relay comes in handy. It’s a fully digital banking platform that offers free business checking for solopreneurs and small business owners. It minimizes costs while making it easier to manage budgets across distributed...
New investors and seasoned veterans alike could find a good fit for their needs at M1 Finance. M1 is a brokerage with no regular investment fees and a delectable twist. They offer the ability to allocate your portfolio using Pies, a visual tool to divvy up your portfolio by percentages into stocks and ETFs, and...
In order to understand what a reverse 1031 exchange is, it’s helpful to know what a regular 1031 exchange is. In a nutshell, a 1031 exchange is a strategy used by real estate investors to postpone paying taxes on their capital gains if they are using the sale of one property to purchase a like-kind...
Personal Capital is an investment app that offers investment analysis and retirement planning tools. It’s also a full-service financial planning firm that provides premium services to investors with more than $100,000 in assets. I’ve been using Personal Capital for over nine years, and it’s now my go-to app for investment tracking and retirement planning. It...
Chad became the first country to agree to a deal with its creditors, including Swiss commodity house Glencore, under the G20 Common Framework — designed to provide debt relief to developing nations. Reuters was also first to report confirmation of the agreement and exclusively sketched out rare criticism from World Bank President David Malpass. Progress...
Ethiopia’s state finance minister said on Saturday that delays in restructuring Ethiopia’s debt due to the failings of a new global mechanism for resolving debt problems are “disappointing,” adding that he planned to raise it with the head of the International Monetary Fund. Africa’s second-most populous country requested a debt restructuring under the Group of...
[vc_row][vc_column][vc_column_text] Supplies of a vaccine to prevent the deadly rotavirus infection in children have either run out in Kenya, Tanzania, Senegal and Cameroon or are close to doing so, after disruptions at drugmaker GSK. The World Health Organization estimates that up to 200,000 children die each year from the highly contagious infection, which is the...
Coca-Cola’s estimated $3 billion initial public offering for its African bottling unit will likely take place in the third quarter, after market turmoil linked to the war in Ukraine upset plans to list earlier. The flotation of Coca-Cola Beverages Africa would be the biggest on the Johannesburg Stock Exchange since at least 2016 and a...