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Charles Schwab
Выбор редакции
09 декабря, 02:04

Filling The Gap: Tomorrow’s Most Popular Oil Trade

Credit Suisse AG recently decided to delist two very popular and risky oil exchange-traded notes (ETNs) on the exchanges beginning today, December 8, and companies are now scrambling to fill the void with suitable replacement products for risk-hungry traders. The ETNs that have been delisted are the VelocityShares 3x Inverse Crude Oil ETN (DWTI) and the VelocityShares 3x Long Crude Oil ETN (UWTI). The reason for delisting the ETN, according to Michael Iachini, managing director of mutual fund and exchange traded fund (ETF) research at Charles Schwab…

06 декабря, 00:36

The Perennial Question: How Can You Balance Essentials and Extras?

Dear Carrie, As a Millennial with an entry-level salary I'm often torn between the cost of living independently and enjoying even a modest lifestyle. Being saddled with student loans and having set sacrosanct savings goals, I want to learn tried and true ways to keep living and lifestyle expenses in check while still living life. --A Reader Dear Reader, You pose this as a Millennial question, but actually, it's kind of a perennial question. In fact, I've had retirees ask me basically the same thing! You're ahead of the game by thinking about this now, because if you can learn to strike a balance today between living within your means and still having some fun, you'll be able to carry that lesson with you for a lifetime. The fact that you've already set "sacrosanct savings goals" means, to me, that you're on the right track. I'm all for living life to the fullest, but saving is one of those things that I believe can't be sacrificed if you want to have any kind of financial security. So that's actually one "tried and true" method that you seem to have already mastered. But before we get into other practical ways to handle both essential expenses and enjoyment, let's first talk about attitude. Start with the right mindset I'm a big proponent of what I call "mindful spending." This basically means knowing where your money is going--and where you want it to go. So many of us spend our money unconsciously. And it's no wonder, because technology makes it so easy to do. From paying for a daily latte to buying a big-ticket item, credit cards, debit cards, Apple PayTM--you name it--all make it easy to spend without noticing how much. So the first step is to focus on your spending patterns. An easy way to do this is to write down everything you spend on incidentals for a week. Not the necessaries like housing and food, but the extras that you probably buy without thinking, things like that second coffee, lunches out or an impulse purchase. You might be surprised how these small things add up. Take these practical steps With new insight into your spending, think about what's truly important to you. Because mindful spending is really about your values and being willing to economize in one area to give yourself a little extra in another. That's something most all of us have to do, no matter our age or salary level. Here are some practical ways to make it work: Add an extra line item to your budget--Sticking to a budget is essential to pay for necessaries like living expenses, debts and savings. But once those are covered, also put in a line item for fun, even if you have to cut back somewhere else to do it. No matter if it's a small amount for a weekly night out or a cumulative amount for something like a weekend getaway, if you earmark that money specifically for enjoyment, you can use it freely for just that. Pay cash for extras--Credit is a convenience and a curse. When you charge things you can't afford, it's easy to get caught in the cycle of always playing catch up rather than having money to spare. So pay down your balances (that's part of your budget) and commit to charging only what you can pay off every month. Then pay cash when you treat yourself and you'll enjoy it even more. Make added money do double-duty--When you get a raise or bonus, stick to your baseline budget and divide the extra money between your savings and your entertainment fund. You'll get a double benefit. Make the most of your time As a Millennial, you do have a distinct advantage when it comes to money--time. So here are two other important things to do to right away. Both can help you make the most of future opportunities while still enjoying the present: Save for retirement--We're talking about how to enhance your current lifestyle, but what about your future lifestyle? Here's where time is definitely on your side. Start a lifelong habit of putting 10-15 percent of your annual salary towards retirement now and chances are you'll be able to enjoy a financially secure retirement. Start investing--Again, this is where time can work for you. A lot of Millennials shy away from investing, but with a long time horizon, establishing a diverse portfolio of investments is the best way I know to help make your money grow. Of course, don't do it blindly, and stay mindful of the risks of investing. First do some research. Talk to your family. Get advice from a reputable source or service. You can start small--but start now. Give yourself permission For people like you who appear to have a handle on the practical side of finances, carving out money for what's perceived as "impractical" can be a challenge. There's always a reason to put any extra money in savings for a future goal, whether a house, a child's education or retirement. At the same time, you're working hard and deserve to live a little today. Again, the trick is to be conscious about the way you do it--and then give yourself permission to enjoy. For more updates, follow Carrie on LinkedIn and Twitter. Looking for answers to your retirement questions? Check out Carrie's book, "The Charles Schwab Guide to Finances After Fifty: Answers to Your Most Important Money Questions." This article originally appeared on Schwab.com. You can e-mail Carrie at [email protected], or click here for additional Ask Carrie columns. This column is no substitute for an individualized recommendation, tax, legal or personalized investment advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner or investment manager. Investing involves risks, including loss of principal. Diversification strategies do not ensure a profit and do not protect against losses in declining markets. Apple PayTM is a trademark of Apple Inc. registered in the U.S. and other countries. COPYRIGHT 2016 CHARLES SCHWAB & CO., INC. (MEMBER SIPC.) (#1116-3681) -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

Выбор редакции
05 декабря, 22:14

Charles Schwab AdvisorVoice: 5 Things Financial Advisors Can Do For High Net Worth Investors And Wealthy Families

By Richard Sine For the affluent, it’s often a shock to the system that can lead them to finally hire a financial advisor. Whether it’s an illness or disability, a big financial request from a parent or child, or some other major life change, “It’s something that makes them stop and say, [...]

02 декабря, 15:06

Interactive Brokers' (IBKR) November DARTs Improve Y/Y

Interactive Brokers' (IBKR) Electronic Brokerage segment reported a rise in Daily Average Revenue Trades (DARTs) for Nov 2016.

01 декабря, 01:08

4 Reasons to Add Schwab Stock to Your Portfolio Right Now

Given its highly rate-sensitive business model, Schwab is well-positioned to thrive in a rising rate environment.

28 ноября, 18:02

Ask Carrie: What Will You Do for Giving Tuesday?

Dear Readers, While Black Friday and Cyber Monday may kick off the holiday buying frenzy, to me one of the best days of the season is Giving Tuesday. And apparently a lot of other people think so too. Inaugurated in 2012 and celebrated on the Tuesday after Thanksgiving, this international day of giving kicks off the charitable season, when many focus on holiday giving and volunteering in their community. It has now become a global movement, with 71 countries with 30,000 organizations participating worldwide. Add to those impressive numbers the fact that, in 2015 alone, $116.7 million was raised online for charitable causes and you can see what a successful celebration this has become. I'm a fan because I believe charitable giving can be an important part of just about everyone's life. And it's not just about giving money; it's about having the commitment to help others--no matter your age or resources. But to turn this idea into reality, we all have to take action. Here are some Giving Tuesday ideas to help you make your own contribution this year. Put your passions into play With so many worthy causes out there, choosing which charities to support can be the first big challenge. So start with what's important to you. Are you passionate about education? The environment? Social justice? Has a specific organization made a difference in your life or the life of a loved one? Here's a chance to give back and make positive change. You might also look to your own community. Whether it's a local food bank, a scholarship fund for a neighborhood school or a struggling homeless shelter, making a financial contribution that will not only benefit a cause you believe in but also have a local impact can give your donation extra meaning. Be strategic Most people can't give to every organization they'd like to support or make a big donation all at once. To narrow down your personal list of favorite charities, first think about where your donations will make the most difference, then choose the top three. You may want to do a little extra research by comparing charities at an independent online rating service such as charitynavigator.org or charitywatch.org. Once you've made your choices, decide on a dollar amount you can afford and apportion that money accordingly. You don't have to give the same amount to each charity nor do you have to give all the money at the same time. For instance, you could consider making an ongoing donation over a specified time period rather than a one-time contribution. Get involved Giving isn't only about money. It can also be about time and expertise. For instance, I know many retirees that regularly contribute their time to elementary school reading programs, senior centers, or neighborhood outreach services. Others with computer knowledge or accounting experience or writing skills have found groups and organizations in need of their specific know-how. From serving meals at your church to delivering library books to the homebound, there are myriad ways to get involved either on a one-time or ongoing basis--and there are countless organizations that need volunteers to accomplish their goals. Make it a family affair Whether you're giving money or time, including your children can make your dollars and your energy go even further. Consider picking a family charity and having your children contribute a bit of their allowance each week. This could be a yearlong family project with the goal of making a contribution next Giving Tuesday. You could also get your kids involved in a project with a local nonprofit organization such as an animal shelter or food bank. Consider a Charitable Gift Account for easy, tax-smart giving If you want to make charitable giving an ongoing part of your financial plan, in my mind there's no better way than a Charitable Gift Account (also known as a donor-advised fund). You can open one with a tax-deductible contribution of as little as $5,000 and then use the funds to make grants to any public charity over time. (And if you donate appreciated stock, you not only get a tax deduction, you also avoid having to pay capital gains taxes.) You can then make additional tax-deductible contributions, often for as little as $100. The documentation and recordkeeping are generally taken care of for you; you have easy online access and can even recommend grants online; and you'll have a complete history of your giving. Plus, you can invest your money in the meantime, potentially increasing your ability to give. Join in and share the spirit Giving Tuesday has caught on around the world through the power of social media and the generosity of people who want to bring about real change in their communities. Many corporations have joined the movement by establishing their own initiatives and gift-matching programs to encourage employees to redefine the gift-giving season. If you'd like ideas on how you or your organization can participate, check out givingtuesday.org. Whether your own charitable giving is a once-a-year event or you have the means to share your good fortune year-round, I hope you'll make Giving Tuesday a part of your personal holiday tradition. Give as you can--and spread the word through your own social media contacts. To me, Giving Tuesday represents a generosity of spirit that can enrich us all. For more updates, follow Carrie on LinkedIn and Twitter. Looking for answers to your retirement questions? Check out Carrie's book, "The Charles Schwab Guide to Finances After Fifty: Answers to Your Most Important Money Questions." This article originally appeared on Schwab.com. You can e-mail Carrie at [email protected], or click here for additional Ask Carrie columns. This column is no substitute for an individualized recommendation, tax, legal or personalized investment advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner or investment manager. COPYRIGHT 2016 CHARLES SCHWAB & CO., INC. (MEMBER SIPC.) (#1116-3710) -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

24 ноября, 16:54

Fifth Third to Pay around $4M to S&P for Contract Damages

Cincinnati-based financial and multi-bank holding company, Fifth Third Bancorp (FITB) has been alleged of breaking contract with S&P Global Market Intelligence.

24 ноября, 12:21

[Перевод] Что мы узнали о роботах-консультантах за последние 19 месяцев

Развитие мировой финтех-индустрии влияет и на сегмент робо-консультирования. Мы, в команде процессинговой компании PayOnline, перевели материал, описывающий тенденции, происходящие на мировом рынке автоматизированных помощников, консультирующих клиентов на основании математических алгоритмов. Не новость, что сотни стартапов пытаются встряхнуть уютный мир инвестиций с помощью решений на основе так называемых роботов-консультантов. Неожиданно действующие игроки не просто взяли их на заметку, а буквально вцепились в эту возможность. Компания Vanguard запустила робо-платформу в 2015 году и сегодня управляет активами в размере 41 миллиарда долларов США. Fidelity запустила Fidelity Go. BBVA запустила робота-консультанта в партнерстве с Future Advisor. Другие компании, такие как Charles Schwab и BLACKROCK, тоже не отстают. Мы еще вернемся к оценке эффективности каждой из моделей в следующем году, но по мнению некоторых, уже к 2020 году на роботов-консультантов будет приходиться более 5% объема инвестиционных портфелей. Это действительно впечатляет и может стать заманчивой перспективой для тех, кто работает в отрасли. Возможно, кто-то даже покинет теплые места в крупных компаниях ради собственного бизнеса. Но давайте вернемся немного назад. Читать дальше →

23 ноября, 14:38

Robo-Advisor fintechs are the new biotechs

Markus Schuller, founder of Panthera Solutions The OECD Financial Roundtable on October 27 gathered together 20 representatives from the banking industry, fintech companies, and other financial services, as well as trade unions and other experts, in addition to the OECD delegations. The topic Fintech: Implications for the shape of the banking sector and challenges for policy […]

Выбор редакции
22 ноября, 18:21

Charles Schwab upgraded to buy from neutral at Citigroup

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

22 ноября, 16:33

Why the Insurance Industry Can’t Risk Overlooking Artificial Intelligence - SPONSOR CONTENT FROM COGNIZANT

During the past five years, industrial use of artificial intelligence (AI) has risen exponentially across industries. Companies such as IBM, Apple, Toyota, and Fidelity have demonstrated an interest and appetite for deep research and innovation by introducing AI platforms and solutions for customers, partners, and employees. For instance, Toyota’s websites use AI to perform sophisticated, real-time reasoning to ensure feasibility or availability of the exact combination of options chosen by a consumer to design a specific vehicle. At the same time, front-runners across industries are partnering with technology companies to identify game-changing business solutions that can be achieved through AI. An example is The North Face, which is experimenting with its Fluid Expert Personal Shopper tool, powered by IBM’s Watson, to provide customers with a more intuitive search experience through a natural language capability. Read more from Cognizant: What Consumers Want Online Now from Their Health Care Plans How Banks Are Capitalizing on a New Wave of Big Data and Analytics Building the New “Mega Segments”: Which Content Providers Will Play to Win? At its essence, AI is about embedding human intelligence into machines. Various AI-related technologies, such as natural language processing (NLP), computer vision, robotics, machine learning, and speech recognition, have substan­tially progressed over the years to coalesce into systems that do, think, learn, and continuously adapt. AI, however, comes with its own set of caveats that companies must understand and address before initiating a program. The insurance industry has not been immune to AI’s advancement – whether implementing robo-advisors for investment management (Vanguard and Charles Schwab) or applying AI to insurance and loan underwriting (the Chinese search giant Baidu, which provides enhanced risk assessment capabilities). With so much activity around AI experimentation and implementation – combined with customer demand, cost pressure, and the need to maintain or expand their foothold in the market – insurers can no longer afford to overlook AI and its implications. Potential benefits to the insurance industry include: Revenue expansion: The real-time learning and adaptive capabilities of AI provide a platform for insurers to explore new product lines, geographies, and cus­tomer segments, as well as quickly identify new avenues for revenue expansion. Organizations can scale exponentially by using virtual assistants to help manage areas such as information search, data management, and process automation. Advisory excellence: Robo-advisors eliminate human bias and improve trust and confidence levels by pro­viding consistent, rules-based advisory services at an affordable cost. To improve their job performance, successful human advisors will use virtual assistants to tackle routine administrative tasks and focus on more constructive, creative, and relationship-building activities. Improved operational efficiency: AI-based needs analysis systems allow insurers to not only improve their probability of lead-to-quote conversion but also re­duce turnaround time conversions. AI solutions enable organizations to reduce their manpower requirements and thus benefit from significant savings in overhead costs, especially those associated with routine jobs in the middle and back offices. And with AI systems performing routine activities, em­ployees can focus on skilled tasks, building expertise, and evolving the AI solu­tions. Maximized customer experience: With NLP, speech recognition, and virtual as­sistants, insurers can embrace innovative ways of transforming the cus­tomer experience. With virtual assistants available at various touch points, insur­ers can take their customer service to greater heights by offering contextual and personalized products and solutions. Competitive advantage: Insurers with AI capabilities can position themselves to handle market challenges better than their competitors in the ever-changing insurance business. Insurers can develop a real-time appreciation of prospects’ be­havioral and demographic actions, recognize imperceptible changes in the mar­ket forces that dictate those changes, and forecast optimal responses through better product and business solutions designing. While it might appear that AI is a cure-all for many sales, service, and risk management conundrums, insurers should follow a series of self-diagnostic steps before embarking on this journey. Assess readiness. AI decision-makers must spend quality time with their executive teams, peers, and functional business leaders to reflect upon the potential implications of new AI-based products or applications on operating models, products, and operational workflow. Start small. Given the cultural and risk challenges facing the sector, insurers should start by developing a proof-of-concept model that can safely be tested and adapted in a risk-free environment. Insurers should focus the case for a proof of concept on activities that require agility, automation, and continuous innovation. Manage change. Because AI capabilities can potentially displace humans, in­surers need an effective and thoughtful HR strategy. Full communication and retraining of affected staff, as well as a focus on building new skill sets and training, will go a long way toward minimizing resistance and encouraging acceptance. Adapted from Cognizant’s “How Insurers Can Harness Artificial Intelligence.” To learn more about how Cognizant is helping insurers lead the way with digital, click here.

22 ноября, 01:35

WisdomTree Invests $20M in AdvisorEngine to Expedite B2B

WisdomTree Investments, Inc. (WETF) announced last week that it has made a strategic investment of $20 million in AdvisorEngine, formerly known as Vanare.

21 ноября, 23:31

Ask Carrie: Mindful Spending: Can You Resist the Black Friday Hype?

Dear Readers, As Black Friday looms ahead of us, I can't help but think that the race to spend is on. At least that's what retailers hope is happening. According to the National Retail Federation (NRF), it's expected that retail sales will total $655.8 billion this November and December, up 3.6 percent from last year. On the positive side, that would seem to mean that people have more money to spend. Or is it just the pressure to buy? The holiday season is supposed to be about sharing and giving but it can also be a season of mindless spending. Consider this interesting statistic also from the NRF: More than $60 billion of holiday retail merchandise was returned last year. To me, that means a lot of returned gifts--and a lot of misspent money. So in keeping with my theme this year of the importance of mindful spending, I want to share some ideas on how to be thoughtfully generous--and keep within your own spending limits. Start with a list It can be a challenge to give to everyone, so make a list and put your dearest family members and friends at the top. Then add the others in your life that you want to acknowledge in some way. Now think carefully about what would be most appreciated by each. It's not just about how much money you spend--even if money isn't an issue--but choosing a gift that's meaningful. For some people on your list, a small token is all that's important. For others, a creative approach might be even more valuable. Share an experience In our busy lives, sometimes arranging a special time together--a dinner, a visit to the museum, a ballgame, a special day out--can be the most perfect gift of all. The point is that it's something you can all look forward to and share, and it won't be returned. I tend to agree with Millennials on this, who are known for valuing experiences more than material possessions. Wrap your presents in financial know-how As you might suspect, I also like the idea of giving added meaning to your gift by making financial know-how part of the package. So think of ways you can enhance your gift by sharing your knowledge of money, investing and personal finance. Here are some ideas: The perfect sweater might make your teenage daughter momentarily happy, but attaching it to a clothing allowance that she'll have to manage would give you the chance to teach her about budgeting, saving and spending wisely. A piggy bank for a younger child could come with a savings account and a trip to your bank to learn about how money grows over time. For a student working part-time or a young adult who has recently entered the workforce, how about helping them open a Roth IRA, perhaps with some initial funding from you? You could sweeten the gift by offering to match their contributions for a time and helping them get started investing If an older adult, such as a parent, is struggling financially, perhaps you could help them budget more wisely and make certain they're maximizing all their Social Security and Medicare benefits--as well as helping them out monetarily if possible. Even if they aren't struggling, a great gift could be to help them fine-tune their finances or meet with a financial advisor to set up an estate plan. Give yourself the gift of mindful spending now--and all year-round Keeping a lid on holiday spending is just a small part of year-round financial management, and now's a great time to refresh and renew your financial commitments to yourself. For instance: Take a look at where your money went in 2016 and where you really want it to go in 2017. Review your monthly budget and make sure it's realistic. Are there areas where you consistently overspent? Were there a lot of unanticipated expenses? Reprioritize if necessary, making sure the things on your list of essentials truly are essential. Plan more specifically for the 'nice-to-haves' so they don't derail your budget. Take a comprehensive look at your debts--from mortgage to credit cards--to make sure you're not overextended. Review your retirement savings. If you've slipped up this year, put retirement at the top of your list for 2017. Up the percentage you're contributing to a 401(k) or IRA. If you're self-employed, consider opening a SEP IRA or other small business retirement plan. Resist the hype and enjoy the season! As the pressure to spend builds during this holiday season, don't lose sight of your own values and your budget. A little awareness now of what you spend, how and why you spend--as well as refocusing on how much you can really afford--will help you resist the pressure to spend mindlessly on things people really don't need. Most importantly, it will help you show your generosity to your friends and loved ones in a way that reflects your own realities and values--and allow you to fully enjoy the spirit of the season. For more updates, follow Carrie on LinkedIn and Twitter. Looking for answers to your retirement questions? Check out Carrie's book, "The Charles Schwab Guide to Finances After Fifty: Answers to Your Most Important Money Questions." This article originally appeared on Schwab.com. You can e-mail Carrie at [email protected], or click here for additional Ask Carrie columns. This column is no substitute for an individualized recommendation, tax, legal or personalized investment advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner or investment manager. COPYRIGHT 2016 CHARLES SCHWAB & CO., INC. (MEMBER SIPC.) (#1116-3706) -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

21 ноября, 16:43

New Strong Buy Stocks for November 21st

New Strong Buy Stocks for November 21st

18 ноября, 19:51

Intro Guide to the Schwab MarketTrack Growth Fund (SWHGX)

Schwab MarketTrack Growth (SWHGX) a Zacks Rank #1 (Strong Buy) was incepted in November 1995 and is managed by Charles Schwab Investment Management, Inc.

15 ноября, 16:30

Schwab's (SCHW) October Metrics Improve Y/Y, Stock Up 2%

Schwab (SCHW) released its monthly activity report for Oct 2016. The monthly metrics reflect an overall improvement.

15 ноября, 16:13

E*TRADE (ETFC) Reports Monthly Increase in October DARTs

E*TRADE Financial Corporation (ETFC) reported a rise in its Daily Average Revenue Trades in the monthly market activity report for Oct 2016. According to the report, E*TRADE's DARTs were 168,739, up 2% from the prior month.

14 ноября, 22:17

Ask Carrie: What Do Vets Need to Know About Their Finances?

Dear Carrie, My son joined the Army right out of high school with the idea of a military career. After 12 years and two tours of duty, he's decided to return to civilian life. I've been reading that vets have a lot of financial problems once they're on their own, especially with debt. How can I help him? --A Reader Dear Reader, Making any type of career change has its financial challenges, but the obstacles--financial and otherwise--that many veterans face as they re-enter civilian life go beyond the ordinary. After years of serving their country and not having to deal with the everyday financial concerns of civilians, vets are faced with not only adjusting to day-to-day financial obligations, but also planning for the long-term. And it can be a difficult transition. A recent survey of participants in the National Foundation for Credit Counseling's (NFCC) Sharpen Your Financial Focus® program found that military veterans held higher auto, credit card and mortgage debt than other participants. But debt is only one aspect of a veteran's new financial reality. According to military.com, financial literacy in general is an ongoing concern for vets. On the positive side, it's very heartening to me--and should be to you as well--that there are a number of financial literacy services available specifically tailored to veterans' needs. I've included a few of them at the end of this article. However, rather than just point your son to an outside resource, you can also play a part in helping him become aware of the financial steps he can take to get on the right track. Financial basics for veterans--and everyone The basics of setting up a secure financial foundation are the same for everyone. Some things are obvious, others not. So to help your son get started, I suggest having an open and honest conversation about certain financial fundamentals, including: The importance of health insurance--One of the most important first steps is to make sure your son has adequate health insurance. As soon as he leaves active service he should contact the U.S. Department of Veterans Affairs (VA) to apply for enrollment in health benefits. Building a good credit score--Establishing good credit and a good credit rating is a necessity. Encourage your son to stick to one or two credit cards, ideally with low interest and no fees, and to charge only what he can pay off each month. Talk to him about the importance of limiting the amount of credit he uses and paying bills on time. This will help him build a good credit score, which can in turn help him get a lower interest rate on a car loan or a mortgage. In certain circumstances a credit score can also sway a potential landlord's choice of tenant. Having an emergency fund--Having enough cash to cover three-to-six months' living expenses is essential for everyone. This money should be held in an accessible savings account; he won't earn much interest, but it will be there if and when he needs it. Creating a budget--Sticking to a budget can be a challenge for everyone, but particularly for someone who hasn't had to deal with the details before. Help your son list his essential expenses, such as housing, food, clothes, utilities, insurance phone, Internet and transportation. Then have him make a separate list for nonessentials such as entertainment and travel. You may take these things for granted, but he may be surprised at all the different expenses he'll now have to cover--and the choices he may need to make. Avoiding scams and deceptive financial practices--The Consumer Financial Protection Bureau (CFPB) has received more than 60,000 complaints in the last five years from service members, veterans and their families for being the target of scams and illegal and deceptive financial practices. The majority of these complaints include high-interest payday loans, excessive credit card rates, and illegal debt collection methods. Your son can learn how to protect himself by visiting the CFPB website. Saving for the future--Now that he's a civilian, your son's future is in his own hands. Talk to him about this goals, both short- and long-term. If you can get him to make saving--and eventually investing--a regular part of his financial life, you'll be helping him not only avoid future pitfalls, but achieve future dreams. Financial literacy resources especially for veterans As I mentioned, there's a keen awareness of the financial pitfalls that veterans face and, fortunately, there are a number of services specifically designed to help veterans handle their new financial responsibilities. Here are just a few: Military.com has a whole range of information for vets, from benefits to jobs to personal finance. Here your son can access information about banking and saving, credit and debt, taxes and more. Veterans Financial Coalition brings together a diverse group of organizations with the shared goal of serving the financial education and consumer protection needs of veterans. Veterans Plus offers financial literacy programs designed and delivered by veterans, including one-on-one personalized phone coaching, and military and veterans' family outreach. The National Financial Educators Council provides complimentary military financial literacy resources, training and support to organizations that serve veterans and active duty military personnel. These are just some of the programs available. You may find others by researching veterans' services organizations in your own area of residence. Best of luck to your son. As we celebrate Veterans Day, I want to thank and honor him--and all military vets--for their service to our country. For more updates, follow Carrie on LinkedIn and Twitter. Looking for answers to your retirement questions? Check out Carrie's book, "The Charles Schwab Guide to Finances After Fifty: Answers to Your Most Important Money Questions." This article originally appeared on Schwab.com. You can e-mail Carrie at [email protected], or click here for additional Ask Carrie columns. This column is no substitute for an individualized recommendation, tax, legal or personalized investment advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner or investment manager. COPYRIGHT 2016 CHARLES SCHWAB & CO., INC. (MEMBER SIPC.) (#1116-3656) -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

10 ноября, 16:44

TD Ameritrade's (AMTD) October Daily Client Trades Drop

Omaha, NE-based online brokerage firm, TD Ameritrade Holding Corporation (AMTD) came up with average client trades per day of 438,000 in its activity report for Oct 2016.

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09 ноября, 21:00

Charles Schwab AdvisorVoice: Secrets From A Financial Advisor: 5 Money Management Pitfalls Investors Should Avoid

A perfect money management track record may be an impossible dream, but learning from your own mistakes — and those of other investors — can yield a stronger financial portfolio.