The Value of Automatic Savings

The Value of Automatic Savings

Nick Murray, one of the most prolific scholars in our industry, states in his book Behavioral Investment Counseling that “your family’s financial well-being in later life, and its ability to leave significant legacies to its children, will depend largely on what percentage of its income it manages to save – perhaps the ultimate behavioral variable.” If Nick Murray is right – that the most important factor in a financial plan is the percentage of income saved – we would do well to listen. Now, to be clear, the purpose of…

How Does PG&E Impact the Utilities Market?

Date: 2019-10-30 16:05:21 Oct.30 — Nisha Patel, municipal portfolio manager at Eaton Vance, examines credit risk for utilities from PG&E Corp. and how overall climate change affects municipal water and sewer bonds. She speaks with Bloomberg’s Taylor Riggs on “Bloomberg Markets.”

MSCI CEO says limiting capital flows to China would be ‘devastating’ By Reuters

By John McCrank NEW YORK (Reuters) – Restricting the flow of U.S. capital to China would have a “devastating” impact on global markets, the head of index provider MSCI Inc (N:) told CNBC on Friday. “If that happens, then we’re going to have a world in which the fuel that lubricates economic growth and prosperity in the world is cut off, the oxygen gets cut off, and therefore you end up with a global economy that is significantly smaller than we have today,” said MSCI Chief Executive Officer Henry Fernandez.…