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[ad_1] Exclusive: Huawei in talks to divest parts of Honor smartphone business, sources say [ad_2] Source link

[ad_1] Wipro’s board has also approved a share buyback plan of Rs 9,500 crore for purchase of up to 23.75 crore equity shares at Rs 400 per share [ad_2] Source link

[ad_1] Although 2020 has been an economic dumpster fire of epic proportions for many, the last few years were filled with plenty of prosperity and, of course, stock market growth. After all, the S&P 500 rose by 29% in 2019 and the unemployment rate was crazy-low, dropping to its lowest level (3.5%) since 1969.  And the years before that weren’t too shabby, either. The S&P 500 dropped 4.8% in 2018, but it grew by 21.83% in 2017 and 11.96% in 2016.  Don’t get me wrong — things were not perfect, nor will they ever be. But for the most part, the economy became a well-oiled machine. Interestingly, the prosperity of this last decade brought about a brand new movement — the FIRE movement.  “FIRE” stands for “financial independence, retire early”. The main premise of FIRE is living on a small percentage of your income during your working years so you can retire early (often as young as age 30) and live off your investments. Sounds good, right?  The thing is, the FIRE movement has a lot of holes, and it made considerably more sense during one of the greatest bull markets in history. During a pandemic, and in a time with so much economic uncertainty, the idea of the FIRE movement makes even less sense than it did before. Here’s my advice: Save like your future depends on it (because it does), but treat each day like it’s your last. How Does FIRE Work? The logistics of achieving FIRE vary from person to person, but the underlying narrative is always the same. Here’s how FIRE works, or how it’s supposed to work, for the majority of its subscribers.  Earn as much as you can, while you can. Most people who pursue FIRE have high incomes and careers in engineering, medicine, or entrepreneurship, which is the reason they are able to save so much money. FIRE enthusiasts who want to retire early need to work hard early-on so they can save significant sums of money and reach their goals faster. Set a retirement goal and create a plan to get there. When talking to individuals pursuing FIRE, they almost always have a “retirement savings number” they plan to reach before leaving their jobs. This number is usually figured as 25x their annual expenses ($1.25 million if you want $50,000 in annual spending during retirement), but others use formulas like the 4% rule to determine how much they need to save. With this rule, retirees plan to make their nest eggs last by withdrawing only 4% of their portfolio each year. Ruthlessly cut your expenses. The key to retiring early usually involves cutting expenses to the bone so you can save 50% of your income, 70% of your income and sometimes more. For the most devoted FIRE followers, that can sometimes mean living in a tiny home or a mobile home, never dining out, only buying used, or even buying nothing at all. They also use apps like Trim to cut subscriptions, and I swear every single FIRE person I know tracks their spending on Personal Capital to stay on course. Related: How to Drastically Cut Expenses Invest in income-producing assets. To retire early, many FIRE enthusiasts invest in businesses that produce income. You’ll also find a subset of the FIRE movement that invest entirely in rental properties to fund their retirement, although some might buy REITs or invest with a platform like Fundrise instead.  Build passive income streams. Most who pursue FIRE also invest in stocks and bonds, but normally into low-cost index funds. Index funds let them grow wealth based on average market returns with some of the lowest expense ratios possible, and without worrying about buying or selling stocks at the right time.  Some who pursue FIRE also swear by robo-advisors like Betterment and Wealthfront, which help them grow wealth with some investment help and low account management fees. Once you’ve cut expenses, invested heavily, and reached your “retirement number,” the rest of your FIRE journey is all about the “RE” side of the equation. With plenty of passive income, you get the chance to spend your time pursuing hobbies and passions you never could before. This final piece is a critical component of FIRE. The entire point of the movement is buying time to spend your life doing what you want instead of being beholden to an employer. With FIRE, you work hard for a decade or so, save all of that money, then spend the rest of your years on hobbies and relaxation. At least, that’s what the goal is supposed to be. Caveats of the FIRE movement  The thing is, I’ve found that FIRE enthusiasts don’t always practice what they preach. And even when they do, they don’t always recognize the fact that not everyone is set up to achieve the same results.  The pandemic has also created even more holes in the FIRE story that anyone can achieve early retirement if they try hard enough. After all, it’s a lot easier to invest for retirement in a year when the S&P surges by 29%, vs. pretty much any other year on record. Here are some of the lesser known caveats of FIRE that hardly anyone mentions. #1: Most need to continue working Most FIRE bloggers, podcast hosts and media personalities are less than transparent when it comes to making their numbers work. They insist on saying their family spends just $25,000 per year or some other arbitrary number, but they don’t break down their expenses or explain how that’s possible when the average family is spending a third of that on healthcare alone. The not-so-hidden secret of the FIRE movement is the fact that most people who talk or write about FIRE are still working and earning an income. A lot of them earn plenty due to sponsorships and affiliate partnerships, and this is income the average family pursuing FIRE won’t have access to. Ask yourself: Do you want to continue working, or do

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[ad_1] Michelle Obama and LeBron James partner to bring early voters to the U.S. polls [ad_2] Source link

[ad_1] Holding the repo rate at the current 4% level, rather than cutting it, while continuing with unconventional measures such as proactive bond purchases, should be the strategy under the present circumstances [ad_2] Source link

[ad_1] Worried you missed some of the best Amazon Prime Day Deals? We’ve got you covered with this list! Wow! Prime Day 2020 is off to a great start with all kinds of HOT deals! Seriously, the deals today were BETTER than last year’s Black Friday and Prime Day pricing! It’s crazy!! The deals were flying FAST today, so we wanted to round up all the deals that are still available from Day One of Prime Day 2020! {Hint: If something sold out or went up in price that you really wanted, be sure to keep checking back. It seems that some of the items are coming in and out of stock at their discounted pricing!} And we’ll be back first thing in the morning for more Prime Day coverage for Day Two! See you then! Best Prime Day Deals 2020 From Day One: Buy 2, Get 1 Free Books on Amazon {Includes Many of My Favorite Reads!} Free $10 Amazon Credit with $40 Amazon Gift Card Purchase The Best Air Fryer Prime Day Deals! *HOT* Highlights Magazine 4-Month Subscription just $0.99! HGTV magazine subscription for just $0.99! I love this magazine!! National Geographic Kids 6-Month Magazine Subscription just $5! Fire Tablet Prime Day Deals! Echo Prime Day Deals! Kindle Prime Day Deals! Ring Video Doorbell with Echo Dot only $69.99 shipped! Fall Cardigans for just $9.99!! HUGE Savings on Ring Security Devices! Alex & Ani Bracelets for just $6.79!! Instant Pot Prime Day Deals! *HOT* Carter’s Romper & Dress Sets for $5.94 Kids Snow Boots for $9.99! Bissell Vacuum Cleaner Prime Day Deals! Apple AirPods with Charging Case just $114.99 shipped! Coredy Robotic Vacuums as low as $95.93 shipped! *HOT* Old Navy: 50% off the Entire Site + Free Shipping!! Fitbit Versa 2 Health and Fitness Smartwatch only $127.95 shipped! STOCK Up Deals on Snack and Grocery Items Non-Contact Infrared & Ear Thermometer for Adults or Babies — Just $16.80! HUGE Sale on Area Rugs and Rug Pads! Rubbermaid Brilliance 24-Piece Storage Set only $27.99 shipped! Flash Wheel Hoverboard with Bluetooth Speaker & LED Lights for just $88 shipped (Reg. $250)! Blink Mini Smart Security Camera only $24.99 shipped HUGE Savings on STEM Toys and Building Sets! Great Deals on Lincoln Logs, TinkerToys and K’Nex Sets! Up to 51% off Playskool Toys Bose Noise Cancelling Wireless Headphones only $199 shipped! Powerbeats Pro Wireless Earphones just $174.95 shipped LEGO Classic Creative Fun Building Kit (900 pieces) only $29.99 shipped! Vans Sneakers for the Family as low as $20.99 shipped! Sony Noise Cancelling Headphones just $88 shipped! Lands’ End: 40% off Entire Site + Free Shipping! Shark Rotator Powered Lift-Away TruePet Upright Vacuum only $169.99 shipped, plus more! Samsung Galaxy Tab S6 Lite 10.4″, 64GB WiFi Tablet for just $249.99 shipped! Smart HD Fire TV Prime Day Deals! Huffy 10-inch Rock It Balance Bikes for Kids only $19.97! Kids STEM 3D Magnetic Building Blocks 250-Piece Set for just $64.99 shipped (Reg. $115)! Disney & Marvel Advent Calendars for just $14.99! Revlon Salon One-Step Hair Dryer and Volumizer only $29.39! Revlon One Step Volumizer Hair Dryer just $35.99 shipped (Reg. $60!) Apple MacBook Air, 13-inch just $849.99 shipped! Lenovo Chromebook S330 only $199 shipped (Reg. $300!) *HOT* Lenovo 14″ Laptop only $119.99 shipped (Reg. $230!), plus more! Fire TV Cube for just $79.99 shipped! Fire TV Stick 4K Streaming Device for just $29.99 shipped! Bose SoundLink Revolve Portable Bluetooth Speaker for just $119.99 shipped! 23andMe Health + Ancestry Service only $99 shipped! Rubbermaid Easy Find Vented Lids Food Storage Containers, Set of 21 for just $15.99! LifeStraw Personal Water Filter only $9.99 shipped! Finish All In 1, Dishwasher Detergent (94 count) just $10.04 shipped, plus more! Orgain Collagen Peptides Protein Powder (1 pound) just $14.85 shipped, plus more! Bubly Sparkling Water, 18-Pack for just $6.26 shipped! Great Deals on Graco, Evenflo, Chicco and more! Samsonite Hardside Luggage (2 Pieces) only $124.99 shipped, plus more! Waterpik Water Flosser only $39.93 shipped! Fujifilm Instax Mini 11 Instant Polaroid Camera for just $59.95 shipped! Video Channels for $0.99 per Month Babyganics Diapers, Size 2, 216 count only $35.79 shipped, plus more! 32 Degrees Kids Long Sleeve 2 Piece Set just $14.99 shipped Contigo Autospout Straw Ashland Water Bottle (3 pack) only $17.99! See all the Prime Day 2020 Deals here. What’s been your favorite Prime Day find so far? Let us know in the comments! [ad_2] Source link

[ad_1] U.S. activists seek data to test corporate diversity pledges [ad_2] Source link

[ad_1] Plan your expenses based on your budget, like if you want to buy an Ultra High Definition TV or a smartphone, try to find out which particular model would fit your budget and if there are any discounts available on it. [ad_2] Source link

[ad_1] This post may contain affiliate links. Read my disclosure policy here. This is a GREAT deal on a robotic vacuum! Looking for an affordable deal on a robotic vacuum? Don’t miss this big Prime Day Sale on Coredy Robotic Vacuums! They have models as low as $95.93 shipped! And all of the deals are the lowest prices ever on record. Psst! Don’t miss this Shark Rotator Upright Vacuum Deal and these Bissell Vacuum Cleaner Deals. Not a Prime member? Sign up for a free trial of Amazon Prime to take advantage of this Prime Day Deal and get free 2-day shipping! See all the Prime Day 2020 Deals here. [ad_2] Source link