yourmoney

Costco sold $100 MILLION of gold bars in the most recent quarter – but were they WORTH the investment?

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Costco has sold a staggering $100 million of gold in just three months, its finance chief has revealed. The retailer caused a stir in September when it announced it was selling 1-ounce bars for $1,950 – and such was demand they sold out in minutes. Given the total amount sold, it means its members snapped up … Read more

The billion dollar reason YOUR catalytic converter was stolen: How underground crime rings steal 600,000 converters a year, recycle them and sell them BACK to metal refineries

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Motorists are thought to lose around 600,000 catalytic converters to thieves each year. But have they ever wondered just where the devices end up?  For years, mystery has shrouded widespread theft of the car parts – which are designed to reduce the amount of harmful pollutants a vehicle emits and made from precious metals such … Read more

Has the bubble burst for America’s Realtors? Commission rates could be slashed by a THIRD after landmark lawsuit – and experts fear 80% of real estate license holders could quit

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America’s real estate industry is undergoing a radical transformation that could change how we buy and sell homes forever. A jury in Missouri last month found the National Association of Realtors (NAR) had artificially raised commissions by enabling brokers to collude. That verdict could set a national precedent – and experts estimate it may slash Realtors’ … Read more

How prepared are YOU for retirement? Goldman Sachs says savers need just four ‘optimal’ traits to secure a comfortable nest egg – but only 10% of Americans possess all of them

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Just one in ten Americans has the ‘optimal’ characteristics to build a good retirement nest egg, a new study has shown. Goldman Sachs Asset Management surveyed 5,261 US workers and retirees to find the financial behaviors most likely to set people up for comfort in their twilight years. Researchers identified four key traits in those … Read more

Moody’s slashes US financial outlook from stable to NEGATIVE amid concerns America’s ‘fiscal debts will remain very large’ – but nation will KEEP its AAA rating for now

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Moody’s has slashed its outlook on US government from stable to negative However the US will retain its AAA credit rating, the agency confirmed tonight By Helena Kelly Assistant Consumer Editor For Dailymail.Com and Neirin Gray Desai Consumer Reporter Updated: 17:07 GMT, 11 November 2023 Ratings agency Moody’s Investors Service has slashed its outlook on … Read more

America’s red-hot labor market starts to cool: US hiring growth slowed to 150,000 in October – and the White House claims low unemployment rates mean Bidenomics IS working!

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The US labor market added 150,000 jobs in October – a sharp decline on Sep. Employment in health care was up, while manufacturing jobs were down By Neirin Gray Desai Consumer Reporter For Dailymail.Com Updated: 14:37 GMT, 3 November 2023 The US added 150,000 in October, a significant reduction on the month prior and an indication … Read more

What you should be investing in as interest rates appear to peak

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By Tilly Armstrong Assistant Consumer Editor For Dailymail.Com Updated: 20:00 GMT, 7 November 2023 Interest rates may have reached their peak in the US, according to experts, which means investors may be thinking about how this could impact their portfolio – and how they can take advantage.  The Federal Reserve announced at its latest meeting … Read more

REVEALED: The best US cities for retirees – with SEVEN of top ten spots to spend your golden years now in Pennsylvania and just ONE in Florida

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Pennsylvania appears to have become popular with retirees, as a new list of the best cities to retire to has ranked seven from Pennsylvania for its top ten in the United States.  Meanwhile, the state of Florida – long considered a haven for seniors settling down – only has one city in the top ten. … Read more

New York City pension fund managers raked in $1.7 BILLION in fees last year – growing at a faster rate than the pension assets

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New York City’s five pension funds had a combined total value of $253.3B The 321 pension fund managers made around $1.7B in fiscal year 2023 That is an increase of around 10 percent on the year before – or around $150M  By Neirin Gray Desai Consumer Reporter For Dailymail.Com Updated: 19:46 GMT, 31 October 2023 … Read more

Are YOU richer than your neighbors? Fascinating study shows the amount needed to be in the top 5% of each state

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What it takes to be in the top 5 percent of earners in each state varies hugely across the US, a landmark new report lays bare.   Connecticut requires the highest income of any state to make the top 5 percent, according to a study by GOBankingRates.  Residents will need to earn a pre-tax household income of … Read more

Would you ask your wedding guests for a HOME? Two in ten couples now request help with downpayments from their guests – making it the second most popular wedding registry item after a honeymoon!

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Number of couples asking for downpayment help has shot up 55% since 2018 Home funds are now the second most popular wedding registry item listed READ MORE: The rise of the ‘NEPO’ homeowner! Four in ten under-30s rely on family money to cover their down payment on a property By Helena Kelly Assistant Consumer Editor For … Read more

Is YOUR home overvalued or undervalued? Fascinating study reveals the states where buyers are paying too much (or too little!) for properties

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1. Maryland: -9.17% Median home price: $410,000  2. California: -1.81% Median home price: $789,000 3. New York: -1.65% Median home price: $491,500 4. Illinois: -0.78% Median home price: $272,600 5. Alaska: 2.37% Median home price: $362,000 6. West Virginia: 3.79% Median home price: $284,100 7. Pennsylvania: 4.74% Median home price: $275,800 8. Delaware: 5.26% Median home price: $342,600 9. Mississippi: 6.54% Median home price: $258,200 10. Connecticut: 6.92% Median home price: $388,200 11. Washington, DC: 7.26% … Read more

Renovating your property? The home improvement projects that will give you the highest return on your investment revealed (and the number one change might surprise you)

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Americans can recoup almost all the money spent on particular home changes Building a deck and replacing windows deliver a high return on the investment Remodeling a bathroom will cost the average American almost $12,000 By Tilly Armstrong Consumer Reporter For Dailymail.Com Updated: 16:29 BST, 17 October 2023 Home sales are expected to plunge to … Read more