I Keep My Retirement Money At Laidlaw & Company

I came to Laidlaw and Company to get the help that I needed with my retirement because there was no other way for me to invest my money. I needed someone to help me, and I wanted to be sure that I was going to be in a place where people get really good results. It is really easy for me to get the results I want because I see my account growing every year as I pay into it. The Laidlaw & Company staff is there to help me, and they are showing me the best ways to make a retirement portfolio that is worth it.

I have been able to get the results that I want from the company because they are providing me with help on how to move the money around so that I am going to make the most money. I have been able to make a nice retirement income because of James Ahern Laidlaw & Company has done, and they are going to keep helping me make sure that I am going to have the best time seeing the portfolio improve. I would prefer to make sure that I am going to be able to get the right kinds of help from a professional instead of just doing it on my own.

I also want to make sure that I am going to be able to save money on fees and other things that could cut into my money. Laidlaw & Company helps me invest money, and it is going to be the best thing for me because I am going to see interest on these things when I am taking my retirement. It is going to be much easier for me to get the help that I need, and I will be able to retire well.

Popular Investment Vehicles Under Closer Scrutiny

In the past 15 years, the Exchange-Traded Funds (known as ETFs) have become increasingly popular among investors. These passively-managed funds follow a variety of indices and are a cheaper alternative to more expensive, actively-managed Mutual Funds. No wonder, billions have flown into these investment vehicles.

Now, the SEC, a United States securities regulator, will be taking a closer look into these funds. Based on a report provided by Reuters, the SEC will scrutinize Exchange Traded Funds’ compliance with the security laws.

What has happened before, especially during the 2010 Flash Crash (which was a large, short-term swing in the stock market), was due to differences between ETF prices and underlying equities. At times, the ETFs trade differently from what is their intrinsic value, causing speculation and arbitrage.

“Despite the popularity and broad success of these funds, their history is not without some turbulence,” claimed SEC chair, Mary Jo White.

The Securities and Exchange Commission (SEC) is a powerful agency of the United States government with the aim to protect investors by making the markets fair, orderly, and efficient.

The agency has been founded back in 1934 and is responsible for overseeing and regulating stocks, bonds, and other financial instruments. The SEC is also capable of bringing criminal and other punitive charges against the violators.

GAP to close 75 Stores

As many as 75 Banana Republic and Old Navy stores will be closed by GAP. The Americans who love this brand will not be affected, though. The store closings are taking effect outside of North America, according Yahoo!Finance news report.

Overall, GAP holds 3,700 stores, so only a small percentage of all stores will be affected. Yet, the company expects to save as much as $275 million a year (before taxes).

GAP is struggling. Last quarter, the company reported 47% drop in profits, on a 6% revenue drop. Meanwhile, the S&P downgraded GAP’s debt to junk status, which means the company may face problems repaying its obligations.

Lately, GAP has had issues with getting buyers to make purchases without discounts. As a result, the profits suffered. Also, there’s an increased competition coming from such brands as Forever 21, H&M, and Zara.

With the upcoming store closings, GAP will exit Japan completely. On the other hand, the new focus will be on Old Navy stores in North America (United States and Mexico) and on China. The last country alone has around 1.4 billion people, many of whom are becoming increasingly richer.

How the new strategy will work out isn’t sure yet. The markets reacted modestly after the announcement. In the after-hours trading, the stock rose 5%.

Golfing Champion Caught for Insider Trading

Phil Mickelson has won many professional golfing championships in his career. He’s recognized among the top players. Despite fame and wealth, he decided to pursue an illegal activity of insider trading.

According to the law, investors can’t use inside information to initiate financial transaction until these news have been distributed widely to the public. In this particular case, Phil Michelson relied on information provided by William Walters, a professional gambler, about Dean Food’s corporate spin-off, ABC News report.

The information about this corporate action was first passed to William Walters by Thomas Davis, a former Dean Foods chairman. The trading scheme resulted in $40 million of illegal profits, with Michelson netting nearly a $1 million.

Since Michelson had heard the tip from a second hand, it was difficult to prosecute him. (It doesn’t mean impossible) Instead, Michelson will pay a penalty just exceeding a million dollars. On the other hand, Walters and Davis are facing criminal charges.

What would happen if it wasn’t Phil Michelson caught, but rather an unknown person? Perhaps, there would be criminal charges pressed. It is known that often celebrities are treated in benign ways by the justice system.

While many investors are taking risks with their own capital, those who trade on the inside information are making money at the expense of everyone else. Insider trading needs to be punished, no matter who does it.

Visits to Egypt Dive

Egypt used to be a popular destination. Those who have visited this country will agree that its ancient temples, museums, the Nile River cruises, and the Red Sea resorts are amazing attractions. However, since the Arab Spring began in 2010, tourism has dived due to security concerns.

The latest blow to Egyptian tourism comes with the downing of EgyptAir’s flight from Paris to Cairo. Many experts believe it was due to a bomb planted aboard. Even before this incident, the UK Foreign Office issued a warning to the British citizens.

In 2015, the revenue coming from tourism was half of what it used to be, according to BBC News. Many Egyptians depending on tourists- such as taxi drivers, hotel workers, small business owners, tour guides- now see their revenues evaporate. Many have lost jobs amid massive unemployment rates.

The Egyptian authorities are seeking measures to improve security with devices such as CCTV cameras. In addition, sniffer dogs are used and security checks are now routine. This didn’t prevent other incidents such as the stabbing of tourists in Hurghada this January.

Egypt isn’t the only country in the region suffering from terrorist acts. Tunisia has also seen its tourism drop after killings of tourists in a museum and on the beach. Another country in the region, Morocco, is deemed to be safer, yet fewer come as the whole region is becoming increasingly unstable.

Will tourism recover? It is quite unlikely, at least for now.

Why Choose the Laidlaw & Company Firm for you Investments

For anyone who has ever invested or tried to build their earnings, they know how tricky it can be to find a good investment option for themselves. If this has been a problem for you in the past, it might help to hire an investment banking firm like Laidlaw & Company. Laidlaw & Company is there to assist those who would like to build their investments and get to the point where they are able to relax and know that they have done everything in their power to build their finances.

Laidlaw & Company is a trusted and worthwhile company for anyone looking for good, solid investment assistance. They work with thousands of people on a weekly basis to help them make more responsible investment decisions. Once you begin working with Laidlaw & Company, you may wonder how or why you ever made investments in the past on your own. Another great and helpful aspect of using Laidlaw & Company is that they manage all of the different investments that you have made, allowing you to know where your money is being invested and how much you are getting out of it.

For a lot of people, using Laidlaw & Company is a great way to build their finances and get to the point they want to be, unless you’re working with James Ahern. Your finances can be built through investments, but these investments need to be done with some knowledge and experience to ensure that you are doing the right thing for yourself and your loved ones. Even if you are a business owner, Laidlaw & Company can help you to invest your money and get it to where you would like it to be. This will grow the finances and help you to feel fully confident in the choices that you have made for yourself.

Hackers Steal Millions from Banks

Over $100 million have has been stolen from the Bangladesh Central Bank by unknown hackers. What is known is that the attack originated in Ecuador. This is quite unusual as the previous attacks were aimed at smaller banks that don’t have sophisticated security systems in place, CNN Business News report.

Now, it looks the global banking system is under attack. When hackers can break into a smaller bank, they can make requests to transfer cash out of bigger banks. This is a worrisome trend.

The SWIFT system is used for international money transfers and experts claim now it is exposed by new technologies. If SWIFT can’t keep up, no wonder many other banks can’t as well.

It is reported that hackers use malware to get go around banks’ security systems and, as a result, get access to SWIFT. Then, fraudulent request for cash transfers are sent to steal money from banks. This system is used all over the world and over 15 messages are exchanged every day among the banks.

No wonder it is hard to catch theft. The system generates billions of dollars in daily transfers and had been deemed secure until the latest breaks. Now, SWIFT is subject to increasing cyber attacks.

The Fed is Ready for Interest Rate Hikes

Most economists are expecting that the Federal Reserve Bank will raise interest rates this year. Few, however, were expecting an interest rate hike this June. After all, the economic data coming out is mixed, while the possibility of the United Kingdom’s exit from the European Union (Brexit) is leading to increased economic uncertainty that could hold off the Fed.

But now, Reuters reports, there’s a 30% chance for June rate hike. The expectations were changed after the minutes from Fed’s meeting in April were made available. It appears that now the Fed is becoming more hawkish.

This is sending mixed signals to investors. Sectors such as telecommunications and utilities are likely to suffer from higher interest rates. On the other hand, financial companies, especially banks, could be boosted by higher interest rates. What’s more, fixed-income investors would get higher returns from present day’s abnormally low rates.

The expectations of higher rates have also led to a U.S. Dollar rally against the major currencies such as Yen and Euro. This is good for those looking to travel abroad, but bites at sales of exporters.

Increased interest rates are a mixed bag, but the rates stayed so low for so long that eventually (sooner than later) they will rise.

CDC Says Check the Water Before You Dive In

Before you let your kids run through the water at the park or dive into the pool, it is wise to take the time to check the last inspection date for that site. The Center for Disease Control and Prevention released a report on Thursday that showed that almost eighty percent of water parks, hot tubs, and public pools are dirty enough to have received a safety violation. In fact, one out of eight treated water areas were filthy enough to be shut down immediately, with one in five kiddie pools and wading areas closing due to serious violations.

Many of these violations related to the improper concentration of disinfectant in the water as well as imbalanced pH levels and safety equipment infractions. While these issues are usually easily solved, almost one-third of health departments do not regulate, inspect, or license different water sites. This means that your local spray park or pool may be crawling in dangerous microbes.

The CDC has released reports in mid-May for the last few years to inform the public about the dangers of treated water. They suggest that the best way to stay safe and cool during the summer is to bring water test strips with your bathing suit, towel, and sunscreen. Strips are available at multiple locations such as pool or houseware stores and usually cost under $15 for a pack of one hundred.

Another Automaker Suspected of Cheating on Emissions Tests

Italian-American automaker Fiat Chrysler is suspected of using illegal software, similar to the kind that Volkswagon used, to cheat on emissions tests, according to Business Insider.

The German Federal Motor Vehicle Office (KBA) sent a report to Italian and European authorities alleging that Chrysler-Fiat may be cheating on emissions testing. The KBA launched a sweeping emissions probe after Volkswagen admitted last year that it installed defeat devices on its engines to specifically cheat emissions tests. The KBA found that other automaker’s vehicles had emissions irregularities, as well. Fiat, as well as other major automakers had emissions irregularities.

Fiat is being accused of having its emissions control systems only operate when the automobile starts up. Fiat’s 500X model was tested by the KBA and it was discovered that the emission control system shut down after 22 minutes, just long enough for the emissions tests to run. This time-based cheat can sense how long the car has been running and once emissions tests have had time to run, approximately 22 minutes, the software disables emissions control devices. This causes the dangerous pollutant nitrogen oxide to be released into the air at 10 times or more the permitted level.

Fiat-Chrysler has declined to meet with German authorities, asserting that Italian officials are the only authority that is responsible to determine whether or not their vehicles comply with existing emissions regulations. German officials accuse the automaker of being uncooperative.