‘It’s a high price to pay’: My adviser says I don’t need a withdrawal plan for my $2.3 million portfolio. Is he right?

Light week ahead, as is usually the case following the NFP release. Monday’s highlight will be the U.S. ISM services PMI and on Tuesday, Japan will release average cash earnings y/y, while the U.S. will publish the ADP employment change. Two ADP releases are expected, as last week’s report was not published by the source….

Beware of intervention: USDJPY retraces earlier gains, but is stalling at a key retracement target. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

As more seasoned investors look for ways to continue expanding their portfolios through commercial properties, more are turning to a loan that allows them to borrow at maximum serviceability. With the recent changes to self-managed super fund (SMSF) lending as well as the well-documented changes to capital gains tax (CGT) and negative gearing, commercial property…

Elon Musk’s xAI and X have reportedly dropped their antitrust case against Apple. Those companies had accused Apple of favoring OpenAI’s ChatGPT over other chatbot makers, but have now asked a federal judge for permission to voluntarily dismiss the case, Bloomberg News reported Monday (Sept. 14), citing a court filing. Still, the claims the companies made against OpenAI as part of the same suit…

High mortgage rates caused builders to continue pulling back in June on new single-family homes, but but the multifamily sector surges, the U.S. Census Bureau reported. Single-family housing starts in June were at a seasonally adjusted annual rate of 895,000, down 0.2% from May and 3.2% less than a year ago, Realtor.com reported. The pullback…