Wealth News & Analysis

1 month I Found Out My Dad’s Wealth Manager Only Invested My $50K in One Fund—Should I Diversify Now? 24/7 Wall St.

Financial advisors and wealth planners are like a coach standing in your corner, ready to give you pointers and help you recover when you’re between rounds. But just as every coach has a different “style,” financial advisors may have differing opinions regarding various aspects of personal finance. Some may err on the side of caution, […]

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2 months My siblings and I feel guilty asking our retired father for cash – is there a better system for distributing his wealth? 24/7 Wall St.

A 40-year-old Reddit user who regularly accepts money from his rich father is interested in finding a way to arrange his financial situation so he can get more money from his dad without having to ask for it. Unfortunately, it’s not the Redditor’s money, so while he can make suggestions to his dad — if […]

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2 months Retired at 52 with a paid-of lake house – should we buy a second home or just rent? 24/7 Wall St.

Just because you’re retired doesn’t mean the wealth creation journey ends. Indeed, many younger retirees who have well more than they need to sustain them for life may have the opportunity to keep having their money work for them. Whether they seek growth in stocks, passive income from other assets, or appreciation in real estate, […]

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2 months How to Build Wealth Without a Six-Figure Salary — What Actually Works 24/7 Wall St.

For as long as most of us can remember, there has been a belief that if you make a six-figure salary, you’ll find a way to retire comfortably in the US. This belief relies on the idea that this salary level will provide plenty of savings to invest, and by the time you turn 65, […]

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2 months Here’s How Much Warren Buffett Earns In Dividends Annually From Chevron (CVX) 24/7 Wall St.

Warren Buffett, widely regarded as the greatest investor of all time, has amassed generational wealth for himself and Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) shareholders by following a simple investing strategy: investing in high-quality companies at fair prices and holding for the long term. In late 2020, as the Covid-19 pandemic decimated global oil demand, Buffett and Co. […]

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