Money

An investment chief at a trillion-dollar firm has a wake-up call for anyone who's bullish

10 monthes ago   |   By Business Insider

Screengrab/YouTube
Northern Trust Wealth Management recently downgraded its forecasts for the US economy.
The investor doesn't expect a recession but says the benefits of tax reform will likely be front-end loaded and may benefit capital markets more than economic growth.
"We downgraded our growth forecast for the US, developed ex-US, and emerging markets because we think expectations have perhaps gotten a little bit ahead of reality," Katie Nixon, the chief investment officer at Northern Trust Wealth Management, told Business Insider.
The Trump bump for the US economy may soon...
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An investor who helps manage money for the super-rich has a simple tip for building wealth, and you can start doing it today

An investor who helps manage money for the super-rich has a simple tip for building wealth, and you can start doing it today

10 monthes ago   |   By Business Insider

Stuart C. Wilson/Getty
Saving early and consistently is the most powerful financial advice for young people offered by Katie Nixon, the chief investment officer at Northern Trust Wealth Management.
Starting early helps savers take advantage of compound interest, which basically means letting both the balance and older interest payments earn even more interest over time.
It's costly to start late and then try to play catch up.
It's just two words: compound interest.
Understanding the power of this concept, and more crucially, putting it to work by saving, is crucial to building wealth over...
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