Author: Arabian Media staff

You probably know you should be investing, but you might not know where to start. Fortunately, the process is easy. After all, you’re setting up an automatic process, and you don’t need a large amount of money to begin. In fact, establishing a systematic investment is almost as easy as opening a high-yield savings account (HYSA), Roth IRA, or an online broker account. Key Takeaways With a systematic investment plan (SIP), you automatically fund a financial account, such as a high-yield savings account, Roth IRA, or an online broker account. When you establish a systematic investment, you specify your personal…

Turning today’s allowance into tomorrow’s seven-figure nest egg might be easier than it sounds—if you let time, tax advantages, and disciplined habits do the heavy lifting. The formula is straightforward: Automate early, shelter gains from the IRS, and teach kids how money actually works. “The earlier you start, the better—because it increases the time horizon for growth,” Prince Dykes, founder of the Global Children Financial Literacy Foundation, told Investopedia. “You can do this by opening a custodial account and investing in an index fund that tracks the S&P 500.” Here are some tips any parent can follow, whether the budget is…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Two Wall Street asset managers have emerged as final bidders for Brighthouse Financial, a life insurer viewed as a crown jewel for firms looking to boost their profiles in the private credit industry.TPG and Aquarian Holdings, an asset manager backed by Abu Dhabi’s Mubadala Capital, both submitted offers at a small premium to Brighthouse’s market value in the final round of bidding earlier this month, according to people briefed on the matter.Brighthouse, with more than $100bn in assets and a $3.5bn-plus market…

Retirees with their sights set on the sunny American Southwest but who also want convenient access to the rest of the planet could find Albuquerque, N.M., ideally positioned. Not only does this historic city have the largest commercial airport in the state, but it also connects to nationwide rail service. Travelers can even enjoy an air balloon ride if they feel the urge; Albuquerque is known as the “air ballooning capital of the world.”  Key Takeaways Albuquerque is well connected by air, with Albuquerque International Sunport offering nonstop service to 32 U.S. cities via eight major airlines and one commuter…

ABC’s Shark Tank has taken entrepreneurs and their pitches to the airwaves, making for some great television. Watching the show, it’s obvious that not everyone is cut out for the business world. It takes a lot of patience, time, and of course, money. But in order to succeed, you also need a great idea and know how to pitch it to investors, called “sharks” on the show. Many starry-eyed entrepreneurs who end up on Shark Tank walk away disappointed, unable to win over the sharks. Still, there are entrepreneurs who blaze their own path forward anyway. After all, just appearing…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The chief executive of the start-up that forced OpenAI and former Apple design chief Sir Jony Ive to pull down marketing materials about their $6.4bn AI device venture has accused them of trying to “bury” his firm after discussing a potential investment. iyO founder and former Google executive Jason Rugolo told the Financial Times he had been “blindsided” by the launch of io, OpenAI’s partnership with Ive to create new AI hardware products, as both companies had previously been in deal talks…

“Orange-pill” guilt refers to the anguish you may feel if you don’t enlighten others about the realities of cryptocurrency trading. It alludes to both sides of the coin (pardon the pun): the guilt you might experience if you don’t explain the potential upside to people unfamiliar with crypto, and the guilt that arises if those you introduce to crypto lose money on this new asset class. When talking to people about crypto, be sure to clearly explain both the benefits and the risks, and allow them to decide for themselves whether to invest. This approach can reduce the fear or…

Renewable energy, once a niche segment of the broader energy industry, is growing rapidly to become an important source of power in many regions and nations across the globe. Companies within the sector provide a variety of clean energy solutions including solar, wind, hydroelectric, geothermal, and biomass. Large renewable energy companies are headquartered in Spain, Denmark, China, the United States, and Canada. These are the 10 biggest renewable energy companies by 12-month trailing (TTM) revenue. Some companies outside of the U.S. report profits semi-annually, so the 12-month trailing data may be older than it is for companies that report quarterly. This list…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Bank of England governor has suggested that the UK’s official fiscal forecaster is too optimistic about the prospects for a recovery in productivity growth, questioning an assumption that is critical for the public finances. Andrew Bailey said the Office for Budget Responsibility had been predicting there would be a recovery in productivity growth after a fall-off following the financial crisis, but that the BoE was “sceptical”. “If you were to take what I would loosely call the OBR story, I think you would…

Today, millions of Americans have 401(k)s to save for retirement, but another type of retirement plan has taken off in recent years. Non-qualified plans, which include deferred compensation plans or supplemental executive retirement plans (SERPs) offer a way to grow retirement savings beyond the limits of traditional accounts like 401(k)s and IRA. These types of retirement accounts benefit from tax-deferred growth, but some may have no contribution caps under law. Typically, they’re reserved for highly paid employees as a vehicle to grow retirement account balances even further. So what’s the difference between qualified and non-qualified plans, and what should you…