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Pea Ridge National Military Park became official on July 20, 1956.
Saving Hillcrest!: A historic district forgotten Little Rock’s Hillcrest in danger of losing its historic designation.
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Conway’s THE LAND ECO VILLAGE
Ever thought about living slightly off the grid? Samuel C. Pettit III has and is currently working to make that happen at the Land Eco Village. The three acres perched 10 minutes from Conway harbor his vision of a self-sustained organic farm equipped with tiny houses and a growing community. Read more on page 12. (Photo by Becca Bona)
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2 // July 16-22, 2018
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Estes named interim dean of College of Arts, Letters, and Sciences by AN G E LITA FALLE R
The property on 315 East 6th Street in downtown Little Rock has been sold to Peach Tree Opportunity Fund, LLC. (Photo provided)
RPM Group sells multifamily property in downtown Little Rock RPM Group/Corfac International, a leading full-service real estate brokerage specializing in commercial sales and leasing sold a multifamily property located in downtown Little Rock, Ark., for $768,800 in June. Rick Freeling, president of RPM Group Commercial division rep-
Leasing • Management Brokerage • Consulting Specialists in the business of helping businesses with their places of business
Jeff Yates 501.352.3325 Jeff@ARKcire.com www.ARKcire.com
resented the Buyer, Peach Tree Opportunity Fund, LLC in this transaction. Peach Tree Opportunity Fund, LLC, is owned by Mark Brown and Jill Judy. Located at 315 East 6th Street in the downtown area, the two story multifamily property is 10,152 square feet, was built in 1954 and contains 16 onebedroom units. The property has great access to an abundance of residential neighborhoods, downtown office, quality restaurants and retail shops. The Seller was the Arkansas Repertory Theater Company and was represented by Bill Rector of Renaissance Properties. Mr. Brown and Ms. Judy currently own several other multifamily properties in the downtown area and plan to keep this property as a long term investment. “At the time of the sale, the property
was in good condition requiring limited rehabilitation.” stated Freeling, “Mr. Brown and Ms. Judy will do property upgrads as they are needed.” The property was completely remodeled by the Rep several years ago. With over 300 associates, RPM Group is Arkansas’s largest, fullservice real estate company. The Operating divisions include RPM Commercial and Investment, RPM Management and Coldwell Banker RPM Group (residential). Together, the divisions provide a breadth of real estate focused services unmatched in the state, including commercial sales, leasing and investment, property management, residential sales and leasing, construction and development. The Little Rock based company was founded by William F. Rector in l955. Source: RPM Group v
Dr. Sarah Beth Estes has been named the new interim dean of the College of Arts, Letters, and Sciences at the University of Arkansas at Little Rock. Estes will succeed Dr. Thomas Clifton, who will return to the Department of Art and Design as chairperson. Estes began her new appointment July 1. She currently serves as the associate provost of community, careers, and extended education and will continue to serve in that role in addition to the interim dean position. “In his two years of service as interim dean of Arts, Letters, and Sciences, Professor Clifton has made many contributions, most notably overseeing the opening of the Windgate Center for Art and Design as well as initiating a Science Advisory Council,” said Dr. Velmer Burton Jr., executive vice chancellor and provost of UA Little Rock, who also welcomed Estes to her new role. “I know Dr. Estes will ably expand current initiatives as well as bring some new opportunities to the college,” Burton said. “Her experience in working across disciplines as well as her leadership experience in multiple roles lends itself well to the interdisciplinary nature of the College of Arts, Letters, and Sciences. Her work in experiential learning and career services will be of great benefit to the many students who are majoring in arts, letters, and sciences. I thank Professor Clifton for his service and Dr. Estes for accepting this appointment.” Estes is a 1988 graduate of Hendrix College with a bach-
Dr. Sarah Beth Estes
elor’s degree in sociology. She also holds a master’s degree and Ph.D. from the University of Iowa. She was a faculty member at the University of Cincinnati and affiliate of the Kunz Center for Work and Family before arriving at UA Little Rock in 2006. Estes began her UA Little Rock career as the coordinator of the gender studies program and as a faculty member in the Department of Sociology and Anthropology, where she taught courses on gender, social statistics and research methods, and interdisciplinary courses in the Donaghey Scholars Program. She has held many leadership roles at the university, including associate dean for research, engagement, and interdisciplinary programs in the College of Social Sciences and Communication; associate dean of the College of Arts, Humanities, and Social Sciences; and associate chair of the Department of Sociology and Anthropology. CONTINUED ON PAGE 17
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922 Van Ronkle Conway, AR 72032 *** phone 501-513-0551 fax 501-513-9095 *** email fcbrealtors@gmail.com ETHICS
FCBOR JUNE HIGHLIGHTS
YOUR NAR CODE OF ETHICS TRAINING REQUIREMENT IS DUE SOON! Realtors are required to complete ethics training of not less than two hours, 30 minutes of instructional time within two-cycles. A new two-year cycle began January 1, 2017. The deadline for this cycle is December 31, 2018. To take the course for free online visit: https://learninglibrary.com/COE/A/ If you have already completed this training, please make sure we have a copy of your certificate on file!
CALENDAR OF EVENTS General Membership Luncheon – NO MEETING IN JULY! Next meeting will be August 13 – 11:30 a.m. at Hole in the Wall Café New Member Orientation – July 12 – 9:00 a.m. at the Holiday Inn Express Continuing Education – October 15
ARKANSAS REALTORS ASSOC. 94TH ANNUAL CONVENTION
SAFETY TIP
The FCBOR met at the Hole in the Wall Cafe on Monday, June 18. The association presented a check to the Conway Human Development Center, talked about the upcoming ARA Convention, and heard a presentation from Realtor.com. (Photos by Becca Bona)
AFFILIATE SPONSORSHIPS We are still prospecting new affiliates! If your business would like to become a member of our board please contact Morgan at 501-513-0551 or fcbrealtors@gmail.com.
REALTORS POLITICAL ACTION COMMITTEE Since 1969, the REALTORS® Political Action Committee (RPAC) has promoted the election of pro-REALTOR® candidates across the United States. The purpose of RPAC is clear: REALTORS® raise and spend money to elect candidates who understand and support their interests. The money to accomplish this comes from voluntary contributions made by REALTORS®. These are not members’ dues; this is money given freely by REALTORS® in recognition of how important campaign fundraising is to the political process RPAC The FCBOR annonces the 2018 Officers and Directors President – Jan Barrow President Elect – Emily Walter Secretary – Melissa Archuletta Treasurer – Velda Lueders Past President – Tracy Tidwell
doesn’t buy votes. RPAC enables REALTORS® to support candidates who support the issues that are important to their profession and livelihood. You can make your contribution by making a check payable to RPAC and sending the check to the FCBOR Board Office, 922 Van Ronkle, Conway, AR 72032.
RENEW ONLINE Realtors can now renew their license online! Visit: https://www.ark.org/arec_renewals/index.php/user/login to renew your license today! The accepted methods of payment include Visa, Mastercard, Discover, American Express, and eCheck. License Fees are as follows: After Oct. 1 Broker $80 $110 Salesperson $60 $80 Duplicate $30 $60 3 Year Term – Brittney Burks, Lori Quinn, Glen Rega 2 Year Term – Spencer Hawks, Jonna Shaw 1 Year Term – Paul Nahlen, Lance McGhee Parliamentarian – Stefanie Schrekenhofer Dace
Daily Record
4 // July 16-22, 2018
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Central High School student mentored by UA Little Rock professors wins more than $60k
BY TOMMY HOWARD
Financial Focus
by AN G E LITA FALLE R
www.edwardjones.com
WHAT SHOULD YOU DO WITH AN INHERITED IRA?
I
ndividual Retirement Accounts (IRAs) are quite popular. At the end of 2017, investors owned nearly $9 trillion in IRA assets, according to the Investment Company Institute, a trade association of U.S. investment companies. Given these numbers, it probably wouldn’t be surprising if you inherited an IRA someday. But what should you do with it? First of all, you’ll need to be aware of some basic rules. If your parent, or anyone other than your spouse, leaves you a traditional IRA – one in which contributions are typically tax-deductible and earnings can grow tax-deferred – you can transfer the money into an “inherited IRA,” from which you’ll need to take at least a minimum amount of money – technically called a “distribution” – each year, based on your life expectancy. These distributions are taxable at your regular income tax rate. If you’ve inherited a Roth IRA, you also must take these minimum payouts, but the amounts won’t count as taxable income, because your parents, or whoever left you the IRA, already paid taxes on the contributions that went into it. (To make sure you fully understand all the guidelines on distributions and taxation of inherited IRAs, consult with your tax advisor.) It’s also important to understand how your inherited IRA will fit in to your overall financial strategy. Consequently, you’ll need to address these questions: How much should I take out each year? As mentioned above, you must take a distribution of at least a minimum amount from your inherited IRA each year – if you don’t, you may be subject to a 50 percent penalty on the amount you should have taken. But you can take out more than the minimum. In deciding how much to take, you’ll need to evaluate a few factors. First, of course, is whether you need the extra money to help support your regular cash flow. It’s possible you have other pools of income from which to draw, and, in some cases, it may be advantageous for you to tap these sources first. Another consideration is taxes – if you’ve inherited a traditional IRA, the more you take out each year, the bigger your tax bill may be. Should I keep the same investments? Inheriting an IRA doesn’t mean you’re stuck with the original account owner’s investment choices. You can change the investments to align with your goals and risk tolerance, both of which may change over time. How does the inherited IRA fit in with my overall financial strategy? You’ll need to consider how your newly inherited IRA fits in to the “big picture” of your financial strategy. Are you adding redundancies? If you keep the inherited IRA largely intact, how will it affect your current investment mix? Could the added income from required distributions change your retirement calculations or even enable you to retire earlier? You may want to consult with a financial professional about these and other questions related to your inherited IRA. The person who left you an IRA worked hard for that money and thought enough of you to pass it on. Consequently, you’ll want to respect this inheritance – and get the most out of it for as long as you can. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.32
The Daily Record is pleased to publish numerous columns from inside and outside sources. The opinions and views of these columnists are their own and do not necessarily convey the opinions of The Daily Record.
IF YOU’RE NOT AT YOUR LAST JOB, YOUR 401(k) SHOULDN’T BE EITHER.
When most people think of tea and molasses, their thoughts don’t stray any further than the kitchen. Meghana Bollimpalli, a Central High School student who was mentored by two chemistry professors at the University of Arkansas at Little Rock, saw the potential to create a lessexpensive renewable energy source that has earned her more than $60,000 in scholarships and prize money from science fair competitions. Meghana Bollimpalli, 17, of Little Rock, worked from October 2017 to March 2018 with chemistry professors Dr. Tito Viswanathan and Dr. Noureen Siraj on her high school research project to turn renewable waste materials like molasses and used tea leaves into electrodes for supercapacitors. Siraj, who mentored four high school students during the 201718 school year, said Bollimpalli was a talented and inquisitive student with a gift for chemistry. “The good thing about Meghana is she is always very interested,” Siraj said. “When a high school student comes in my lab, I want to make sure they don’t work as a technician without understanding the science behind the experiments. I push them to think creatively about the science. I push them to think a little bit deeper.” Bollimpalli’s novel, low-cost approach for synthesizing materials could greatly cut the production and energy costs of making electrodes for supercapacitors, which are used as energy sources in electronic devices including cars and medical equipment. She found that combining common substances like tea and molasses with nitrogen- and phosphorus-containing salts in a commercial microwave formed a powder that could be used as a coating for electrode-like materials, giving them similar properARKANSAS
press ASSOCIATION
ties of more expensive metals like platinum. “There is an increase in the demand for energy due to the alarming rate at which we are using our nonrenewable resources and the increase in population worldwide,” Bollimpalli said. “To address this demand, we need to find an environmentally and economically feasible way to store our energy. Supercapacitors are devices that address this demand due to their great properties such as portability, long cycle lifetime, and high energy density. But the problem is, in order for a supercapacitor to actually work, it needs a great electrode.” Electrodes in today’s market are usually made from expensive metals like platinum, gold, and palladium and can cost thousands of dollars. To address this problem, Bollimpalli created carbon-based electrodes for under $1 using renewable waste products such as tea powder and molasses. She won a total of $58,000 in cash prizes and scholarships in May at the 2018 Intel International Science and Engineering Fair in Pittsburgh, Pennsylvania. She was one of two Intel Foundation Young Scientist Award winners, taking home $50,000 as one of the top three presenters at the event, which attracted student researchers from 75 countries. She also won $5,000 for the Best of Category award in chemistry and $3,000 for a first-place finish in the chemistry category. So far, Bollimpalli’s project has won more than a dozen awards at six competitions in three states, winning about $61,000 in scholarship and prize money. She most recently was a Gold Medal recipient at the Genius Olympiad in Oswego, New York, in June. In March, she won a $1,500 scholarship as one of the top two award winners at the State Junior Science and Humanities Symposium in Russellville. At the Arkansas State
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Science and Engineering Fair in Conway, she won four awards, including the Arkansas Department of Environmental Quality Quest Award, which landed her a summer internship with the Arkansas Department of Environmental Quality. “I am very thankful for everyone who helped me with this project. Science is not an individual project. You have to have a collaboration and have the perspectives of many people,” Bollimpalli said. “Dr. Tito and Dr. Siraj were patient in answering all my questions and proofreading my paper and exploring ideas and concepts with me. Dr. Siraj has a way to telling you things that make it stick.”
THE BEST PLACE TO DO RESEARCH Bollimpalli has been conducting research at UA Little Rock with the help of mentors since she was a freshman. She first worked with Dr. Shawn Bourdo in the UA Little Rock Center for Integrative Nanotechnology Sciences to create bioplastic samples to address the amount of plastic waste in the ocean. She synthesized bioplastic materials that could be used to create fast-acting biodegradable plastic shopping bags. “Regular plastics take hundreds of years to degrade, but the bioplastic samples I synthesized biodegraded in a week after you threw them away,” she said. In 2017, Bollimpalli worked with Dr. Anindya Ghosh, professor of chemistry. They used waste carbon dioxide to produce an eco-friendly, less-expensive cyclic carbonates, which are used in lithium ion batteries and pharmaceutical products like lipstick. “I want to continue doing research at UA Little Rock because I have had great mentors and research opportunities here,” Bollimpalli said. “I love the professors and mentors and labs. I’d like to work again with Dr. Tito and Dr. Siraj, and I definitely want to stick within the chemistry department. I am lucky to be one of the few, the professors are willing to mentor. It was a great opportunity to learn so much and to meet all of the people at the international competitions. Getting all of this knowledge before I go to college is going to really give me a step up in college.” The Chemistry Department faculty at UA Little Rock is highly active in research as evidenced by funded research grants, publications, and patents. At the undergraduate level, faculty in the Chemistry Department mentored 15 Undergraduate Research Signature Experience awardees, all of whom presented at the 2018 Student Research and Creative Works Showcase and some at the Chemical Society National Meeting in New Orleans. Source: UA Little Rock Office of Communications v
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July 16-22, 2018 // 5
Money&MarketsExtra Money&MarketsExtra
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National Averages, Friday: National Averages, Friday: National Averages, Friday:
Money Market Account 0.51% Money Market Account 0.51% Money Market Account 0.51%
1-year CD 1.07% 1-year CD 1.07% 1-year CD 1.07%
5-year CD 1.73% 5-year CD 1.73% 5-year CD 1.73%
60-month new car loan 3.96% 60-month new car loan 3.96% 60-month new car loan 3.96%
$30K home equity loan 6.41% $30K home equity loan 6.41% $30K home equity loan 6.41%
30-year fixed mortgage 4.37% 30-year fixed mortgage 4.37% 30-year fixed mortgage 4.37%
Trust Trust the the machines? machines? Funds Funds run run by by artificial artificial intelligence intelligence
erages, Friday:
Money Market Account 0.31% OfMutual OfMutual Interest OfMutual Interest Interest A computer can trounce a human chess
1-year CD 0.80%
5-year CD 1.46%
60-month new car loan 3.32%
$30K home equity loan 5.35%
30-year fixed mortga
by Alex Veiga by Alex Veiga by Alex Veiga The fund, which is called the AI Powered Equity ETF (AEIQ), make decisions on what to invest in. Artificial intelligence is very, The fund, which is called the AI Powered Equity ETF (AEIQ), make decisions on what to invest in. Artificial intelligence is very, A computer can trounce a human chess While theretoare humans that obviously are is invests in a variety U.S.-based and seeks to beat very master and solve complex mathematical makedifferent. decisions on what invest in. Artificial intelligence very, The fund, which of is called the AIcompanies Powered Equity ETF (AEIQ), A computer can trounce a human chess While there are humans that obviously are invests in a of variety of U.S.-based companies and seeks to ETF beat very different. master and solve complex mathematical continuing to feed data into it, it’s the computer, the AI environthe returns the S&P 500. So far, it’s getting it done. The calculations in seconds. Can it do a very different. While there are humans that obviously are invests in a variety of U.S.-based companies and seeks to beat master and solve complex mathematical continuing to distilling feed data into it, it’s the computer, thethe AI environthe returns of the this S&P 500.while So far, getting done. The about ETF calculations in seconds. it do a a ment, that is that information and making is 8.1 percent theit’s S&P 500 itithas gained better job investing your Can money than continuing to feed data into it, it’s the computer, the AI ultimate environtheupreturns of the S&Pyear, 500. So far, it’s getting done. The ETF calculations in seconds. Can it do a ment, that is distilling that information and making the ultimate is uppercent. 8.1 percent this year, while the S&P 500 has gained about better job investing your money than a By Sta portfolio selection. 1.5 flesh-and-blood portfolio manager? ment, that is distilling that information and making the ultimate is up 8.1 percent this year, while the S&P 500 has gained about better job investing your money than a portfolio 1.5Still, percent. flesh-and-blood portfolio manager? In the selection. case of AI, the portfolio manager is not looking at a trade a track record of less than a year on a single fund isn’t Investors willing to test that question portfolio selection. 1.5 percent. flesh-and-blood portfolio manager? In the case of AI,a the portfolio manager is is not looking at the a trade Still,enough a track record of the lessmerits than aofyear onapproach. a single fund isn’t Investors to test question onth is in thecan books forwilling the Federal to to the small payments “The Fed has so overdone better compared signal and making decision. The AI model prescribing nearly gauge the AI Also, like do so with a couple ofthat In the case of AI, the portfolio manager is not looking at a trade it for so ma Still, a track record of lessinterest than a year on a single fund isn’t Investors willing to test thatReserve’s question signal and decision. The AI model is prescribing nearly enough to gauge the merits of gains the AI against approach. can do so with a couple of action that making needs toa taken, years, whether it’s a purchase ormonetary a the sell. any fund, one should weigh potential theAlso, fund’slike fees. exchange-traded funds, orbond-purchase ETFs, that signal and making a be decision. The AI model is prescribing the nearly enough to gauge the merits of the AI approach. Also, like can do so with a couple of process of pulling the plug on its from bonds. Higher rates could change that, they’ve taken policy so action that needs to be taken, whether it’s a purchase or a sell. any75fund, one should weighexpense potentialratio gains against the fund’s fees. exchange-traded funds, or ETFs, At basis points, AEIQ’s is on the higher end of leave the investment decisions to that a action that needs to be taken, whether it’s a purchase or a sell. any fund, one should weigh potential gains against the fund’s fees. exchange-traded funds, or ETFs, that nd markets leave took the things in stride. and it would also points, leaveAEIQ’s bondexpense fund investors bounds, that they may have to tighten fo At 75 basis ratiothinking. is on the end of investment a Is AI better at picking stocks and curating funds than more ETF if the AI is doing all the Byhigher comparison, computer’s so-called decisions artificial to At 75fees, basiseven points, AEIQ’s expense ratio is on the higher end of leave the investment decisions to a Is AI better at picking stocks and curating funds thaninbounds,” more ETF fees, even if the AI is doing all the thinking. By comparison, computer’s so-called artificial assive undertaking for the Fed, whose investment with losses on what are supposed to be the before they get back said Jim conventional Schwab’s Broad ETF,allwhich also invests in a broad intelligence,so-called or AI. Is AI better at approaches? picking stocks and curating funds than more ETF fees, US even if theMarket AI is doing the thinking. By comparison, computer’s artificial conventional approaches? Schwab’s USportfolios. Broad Market ETF, whichratio alsoofinvests inpoints. a broad intelligence, or AI. Group welled to nearly $4.5 trillion. Economists credit the safe parts of their Paulsen, chief investment strategist at th We will find out. Theoretically, it should be better, because it has swath of U.S. stocks, has an expense 3 basis ETF Managers and Ocean Sam Masucci conventional approaches? Schwab’s US Broad Market ETF, which also invests in a broad intelligence, or AI. We ability will find Theoretically, it should be better, because it has ofMasucci, U.S. stocks, has an expense ofManagers 3 basis points. ETF Advisors Managerslaunched Group and Ocean Sam Masucci the toout. crunch a much larger universe of daily information Sam founder and CEO ofratio ETF Group, Capital an Founder and CEO Hereswath We will find out. Theoretically, it should beGroup. better, because it has swath of U.S. stocks, has an expense ratio ofsay 3 basis points. ETF Managers Group and Ocean th helping push U.S. stock funds to returns of more are several reasons why analysts Leuthold Sam Masucci the ability to crunch a much larger universe of daily Sam Masucci, founder and investment CEO of ETFfunds Managers Group, Capital Advisors Founder and CEO ETF Managers Group and risk-weigh and apply it to a portfolio much fasterinformation and recently talked about his firm’s and why an AI AI-powered fund launched last monthan the ability to crunch a much larger universe of daily information Sam Masucci, founder and CEOthe of ETF Managers Group, Capital Advisors launched andubbed the Founder and CEO ercent sinceRogers the spring of 2009. the market has been so calm about Fed’s — Other central are still pump ETF Managers Group and risk-weigh and apply it to a portfolio much faster banks and recently talked about his firm’s investment funds and why an AI AI-powered fund last month dubbed the efficiently than humans can. computer learns from fund manager to be better at generating AI Global Macro ETFdubbed (BIKR) the ETF Managers Group and risk-weigh recently talkedmight aboutprove his firm’s investment funds and investment why an AI and apply it toInaaddition, portfolio the much faster and AI-powered fund last month efficiently than humans can. Inof addition, the computer learns from economy. fund manager might prove to be better at generating investment AI a Global Macro ETF (BIKR)purchases ast, even theRogers hint of slowdown in bond balance-sheet moves so far: of stimulus into the global returns than the human variety. its past actions and the result those actions and gets smarter that invests primarily in single-country ETFs. The fund’s AI sifts fund manager might prove to be better at generating investment efficiently than humans can. In addition, the computer learns from Rogers AI Global Macro ETF (BIKR) than the human tantrum,” variety. its past actions the result those bias, actions and gets smarter that invests primarily incaused single-country ETFs.rates The fund’s sifts over time. And itand removes anyof human because it’s a through millions ofand data points from countries around ors into a “taper tantrum” interest to theAI — Sincereturns the 2013 “taper the European Central Bank buys 60 billion e returns than the human variety. its past actions and the result of those actions and gets smarter that invests primarily in single-country ETFs. The fund’s AIglobe sifts over time.But Andit’s it removes any human bias, because it’s a through millions of data to points from countries around the globe best to allocate the How is AI different or better than the computer algorithms machine. still new. and uses what it learns determine how points from countries aroundas the globe over time. And it removes anybonds human bias, because it’s though a through millionsset of data he stock market calmly more records in October, central bank has gone to great lengths to each month, best to allocate the How different ortrading better than the computerthat algorithms machine. But it’s the still new.AI fund, AIEQ, in November. That fund is it plans to re and uses what it learns to carry determine how fund’s holdings. out the trades, however.) used is forAI or robo-advisers can We launched and uses what it(Humans learns to determine how best to allocate the How is AIhigh-speed different or better than the computer algorithms machine. But it’s still first new. $10 billion of Treasurys and mortgage-backed telegraph its moves. With President Trump tapping Jerome “Jay” those purchases to 30 billion eurosreturn in January. The Bank fund’s holdings. (Humans carryAnother out the trades, used for high-speed trading or robo-advisers can We launched first AI fund, AIEQ, in November. fund Does this approach work? AI fundhowever.) launched last rebalance an investor’s retirement portfolio? that designed to offerthe S&P 500-like exposure a better That andis fund’s holdings. (Humans carry out the trades, however.) used for high-speed trading or robo-advisers that can We launched the first AI fund, AIEQ, inwith November. That fund is Does this approach work? Another AI fund launched last rebalance an investor’s retirement portfolio? designed to offer S&P 500-like exposure with a better return and Powell to be the next ofretirement thealgorithmic Fed,portfolio? economists expect this toless Japan isit has buying government and other assets to s n its portfolioNovember mature without reinvesting the The by ETF Managers Group and Equbot shows last some It’s different. youchair think about trading or robo-advisers volatility, andS&P been doing that. And getting better at Does this approach work? Another AIcash. fund launched rebalance anIf investor’s designed to offer 500-like exposure with it’s abonds better return and November by ETF Managers Group and Equbot shows some It’s different. If you think aboutbyalgorithmic tradingmanagers robo-advisers volatility, and it has been doing that. And it’s getting better at promise. these are say tools thatis are used human portfolio to doing that. continue. he less aggressive about or raising interest less its economy. se to $50 billion per month the end of next year. shows some November by ETF by Managers Group and Equbot It’sThey different. If you think about algorithmic trading or robo-advisers less volatility, and it has been doing that. And it’s getting better at AP promise. these are tools that are used by human portfolio managers to doing that. AP pressures m promise. these are tools that are used human portfolio managers to doing that. So, what could upset the market? Inflation rates than other candidates andbyshould stick with the current d market was more exciting than the stock market. The
ual est
After the Fed’s great unwind begins, the stock market yawns
Chair Janet Yellen’s plans, reducing the Fed’s balance sheet and e 10-year Treasury reached its highest level since gradually raising short-term interest rates. he economy got stronger and investors waited for — The economy is better able to stand on its own and other Donald Trump’s choice for the next Fed chair. economies around the world are hitting a higher gear. It’s a iding on whether markets can remain calm. If rates rise different picture than buck when the Fed was buying bonds expected, say as a result of a burst of inflation, There are ways tomuch get more bang for your There are ways to get more bang for your buck thebang Greatfor Recession and the cumulative effect of all uld get upset. There are ways tofollowing get more your buck Home improvements can be a great way to freshen up faucets and shower heads reduce water use, which that aid for the economy means financial conditions n rates would make stocks less attractive. While stocks Home improvements can be a great way to freshen up faucets and shower heads reduce use, which are still your place, but remodeling by costly. means save money eachwater month. Home improvements canorberenovations a great waycan to freshen up faucets you andcould shower heads reduce water use, which yourthese place, but remodeling or renovations can by costly. means you could save money each month. relatively easy. ally expensive based on company profits, they look Try ways to update your home for less. your place, but remodeling or renovations can by costly. means you could save money each month.
Home Home improvement improvement
Try these ways to update your home for less. Accessorize Redecorating can be much more Try these ways to update your home for less. Accessorize Redecorating can be—much more Rearrange the furniture Here’s a solution that affordable — and just as effective as major Accessorize Redecorating can be much more Rearrange the furniture Here’s a solution that affordable — and just as effective — as major won’t cost a dime: a new room layout. upgrades. Rearrange the furniture Here’s a solution that affordable — and just as effective — as major cost awith dime: a new layout. upgrades. You can cozy up a space and add a Youwon’t can work what you room won’t cost a dime: a new room layout. upgrades. can cozy a space and add a You can work with what you popYou of color with up throw pillows, lamps, already have to make your space You can cozy up a space and add a You can work with what you pop of color with throw pillows, lamps, already have to make your space area rugs or with plants. Dress up windows feel newhave again. like pop of color throw pillows, lamps, already to Consider make yourideas space areabrand rugs or plants. DressOr, up windows feel newthe again. ideas wall like with curtains. a moving bed Consider to the opposite area rugs ornew plants. Dress uppick windows feel new again. Consider ideas like with brand piece new curtains. Or, pick moving the bed the opposite wall statement for the wall, like aa or swapping the to location of the sofa with brand new curtains. Or, pick a moving the bed to the opposite wall statement the wall, like a or swapping the living location of the sofa large work piece of art for or mirror. and chair in the room. statement piece for the wall, like a or swapping the location of the sofa large work of art or mirror. and chair in the living room. “It’s about zeroing in on the focal large work of art or mirror. and chair in the living room. “It’s about zeroing on the the focal points that zeroing space toin Grab a paint brush Slap a “It’s in about inget on the bang focal points in that space tocredit get thecards bang and Grab a with paint brush Slap ahistory might cheaper options. Store layaway, subprime nsumers in a tight spot or little credit for the buck,” DiClerico says. fresh coat of paint on the walls points in that space to get the bang Grab a paint brush Slap a buck,” fresh coat of paint on the walls bad-credit personal loansfor allthe give youDiClerico time tosays. pay off the hemselves drawn the rent-to-own option for for to a quick makeover. for the buck,” DiClerico says. fresh coat of paint on the walls for Hiring a quicka makeover. Limit your upgrades You don’t professional to tackle the a quick makeover. purchase at much lower rates. cket items, but itfor pays to think twice. Limit your upgrades You of don’t Hiring a professional to back tackleclose the have to revamp every inch a entire interior can set you Limit your upgrades You don’t Hiring apitch professional to— tackle the u’ve probably seen the before get have to revamp every inch of a entire interior can set you back close room.have DiClerico suggests that you to $2,000, saidcan Dan to revamp every inch of a entire interior setDiClerico, you backaclose DiClerico suggests that you toappliances $2,000, said a cutfor as little Before you sign aroom. -name furniture,home andDiClerico, electronics contract The Federal Trade “splurge on the things you’re expert at Dan HomeAdvisor. To room. DiClerico suggests that you to $2,000, said Dan DiClerico, a “splurge onwith the things you’re home expert at HomeAdvisor. To cut interacting a daily basis.” So costs, do it yourself. 9.99 a week. The compaCommission suggests asking “splurge on the on things you’re home expert at HomeAdvisor. To cut interacting with on a half dailyabasis.” costs, dohave it yourself. rather than shell out year’s So Don’t the time or money to interacting with on a daily basis.” So costs, do it yourself. out low prices, no hassles some of these questions before rather than out half a year’s Don’t time orChoose money to salary for a shell complete kitchen remodel, paint thehave wholethe house? rather than shell out half a year’s Don’t have the time or moneyone to nstant gratification to deciding to rent-to-own: salary foraafew complete kitchen remodel, paint whole Choose upgrade select items. or twothe areas thathouse? you spend the one salary for a complete kitchen remodel, paint the whole house? Choose one a few select or twotime areas theroom or bedroom. strapped consumers. Howback much areitems. my payments? Explore other ways upgrade to scale on costs. You might most in, that suchyou as spend the living upgrade a few select items. or two areas that you spend the Exploreaother ways toorscale back onofcosts. Youroom might most time in, such as the living room or bedroom. purchase coffee table chair in lieu a living set, re are a few things areonthey due? Explore other ways toWhen scale back costs. You might most to time in, such as the living room or bedroom. purchase a coffee table or chair in lieu oftrafficked a living room set, or install new flooring in a small, heavily location Replace fixtures and hardware New light fixtures, purchase a coffee table or chair in lieu of a living room set, der before you sign up: Whatheavily othertrafficked fees are charged? or install new flooring in a small, location Replace fixtures and hardware New light fixtures, instead every room.in a small, heavily trafficked location faucets cabinet and hardware can give roomfixtures, a or installofnew flooring Replaceorfixtures hardware Newa light What happens if I missmore a instead of every faucets or cabinet give a room a “Making your room. home more beautiful, more functional, completely different lookhardware and feel. can instead of every room. faucets or cabinet hardware can give a room a “Making your home more beautiful, more functional, more completely different look and feel. How it works You usually payment? energy efficient have to put you in the poorhouse Cosmeticdifferent changeslook canand benefit “Making yourshouldn’t home more beautiful, more functional, more completely feel.your wallet, too. You can energy efficient shouldn’t have to put you planning, in the poorhouse Cosmetic changesand can benefit You can or into debt,” DiClerico says. With careful you can find cabinet handles atyour mostwallet, home too. improveenergy efficient shouldn’t have to put you in the poorhouse Cosmetic changes canknobs benefit your wallet, too. You can make payments for a fixed or debt,” DiClerico says. With careful planning, you can find cabinet handlesstores and knobs most home improvefindinto solutions within your budget. ment and hardware for a at few dollars each. Some or into debt,” DiClerico says. With careful planning, you can find cabinet handles and knobs at most home improveuctory period, which canhardware be find solutions within your budget.Once you sign a ment and stores for a few dollars each. Some find solutions within your budget. ment and hardware stores for a few dollars each. Some This article was provided to The Associated Press by the personal finance website NerdWallet.
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Rent-to-own
goes goes plastic plastic
Wireless&Cashless By Barbara Ortutay
It’s expensive but popular; what to know before you sign
Venmo, the emoji-embellished expanding partnerships with Venmo, the emoji-embellished expanding partnerships merchants and trimmingwith its social payment service, is expanding partnerships with Venmo, the emoji-embellished social payment service, is merchants and trimming its web-based payment options getting physical.service, is merchants and trimming its social payment payment options getting physical. web-based in order to favor its options No, not that way. But it is web-based payment getting physical. in order to favor its No, not thatan way. But it is smartphone app.its offering users actual in order to favor No, not that way. But it is smartphone app. offeringdebit userscard. an actual Users of competitor Zelle – plastic smartphone app. offering users an actual Users of competitor Zelle – plastic card. whose owners are big banks The debit Mastercard-branded, Users of competitor Zelle – plastic debit card. whose owners are bigcards. banks The Mastercard-branded, – already have debit microchip-enabled card won’t whose owners are big banks The Mastercard-branded, – already have debit cards. microchip-enabled card won’t They needhave one debit to sign up. be the first from a peer-to-peer – already cards. microchip-enabled card won’t They need one to sign up. be the first from a peer-to-peer IDCneed analyst mobile payment oneJames to signWester up. be the first from aservice. peer-to-peer They IDC analyst James Wester mobile payment service. estimates that just over 30 Square Cash has one. Google IDC analyst James Wester mobile payment service. estimates that just over 30 Square–Cash has one. Google million people use 30 Wallet now Google Pay – estimates that now just over Square Cash has one. Google million peoplepayment now use Wallet – now Google Pay – peer-to-peer had one, but dropped it. million people now use Wallet – now Google Pay – peer-to-peer payment hadPayPal-owned one, but dropped it. and platforms in the United States. Venmo peer-to-peer payment had one, but dropped it. platforms in the United States. PayPal-owned Venmo and Venmo won’t discuss its rivals arose to cater to Unitedcustomer States. PayPal-owned Venmo and platforms in the Venmo won’t discuss customer its rivals arose cater tocash numbers or market share but millennials whoto Venmo won’t discuss customer its rivals arose toeschew cater to numbers or market share but millennials eschew cash says its usage is growing. (and walletswho as well). Venmo’s numbers or market share but millennials who eschew cash says its usage is growing. (and wallets as well). Venmo’s Venmo reported net founders wanted a way to says its usage is growing. (and wallets as well). Venmo’s Venmo reported net founders wanted a way to payment of net $12 billion easily splitwanted meal costs Venmovolume reported founders a wayand to tapping the item of inte Facebook already lets you payment volume of $12 billion easily split meal costs and such; its most popular emoji is in the January-March quarter, payment volume of $12 billion easily split meal costs and in the January-March quarter, such; its most popular emoji is But not everyone w watch shows, chat from a pizza. more than 80 percent such; its most popular emojiorder is up infood, the January-March quarter, up more than 80 percent from a pizza. the previous-year quarter. The service has beenand buy from a pizza. upother more than 80 percent buy a car from a rand with friends the previous-year quarter. The service has been quarter. AP The service has been on the interne people’s castoffs. the previous-year person
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rising. With the economy in a healthier position, additiona Wireless&Cashless stimulus such as tax cuts could heat up the economy eve Wireless&Cashless By Frank Bajak If that were to happen, the Fed Wireless&Cashless and cause prices to jump. By Frank Bajak By Frank Bajak find itself forced to raise interest rates more quickly than e “I think the market is underpricing the potential for infla going higher,” said Schroders investment strategist Jon M “We could have a shot to the system, and if that happens equity market would have to take a breather.”
Cars, come get you cars! (On Facebook where else?)
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contract There are AP you can protectAP AP AP yourself if you've signed a with theAPability to chec Now, Facebook is adding rent-to-own contract. someone’s profile to, more used cars to the mix, Sallie Krawcheck knows about being a averse, they need hand holding more — Why don’t you like the word empower? conversation among themselves (online). Keep your payment records. hopefully, letting dealerships sell cars Sallie Krawcheck knows about being a averse, they need hand holding more — Why don’t you like the word empower? conversation among themselves (online). guard again woman in a man’sknows world.about being a are all false. IWhy never like you it when is used women. Some pointedamong out that this is the first Sallie Krawcheck averse, theySome need hand holdingrental more —companies don’t likeit the wordwith empower? conversation themselves (online). major woman in Street a man’s world. Krawcheck led areWe all false. IWomen never like it when it isthe used with we women. Some pointed out that this is the we firstlive A Wall veteran, turned our attention to the fact that already have power, just (service) that takes into account scams. directly through the company’s woman in a man’s world. are all false. I never like it when it is used with women. Some pointed out that this is the first A Wall Street veteran, Krawcheck led We turnedhaven’t our attention to the fact that Women already have the power, we just (service) that takes into account we live Merrill Lynch, Smith Barney and Citi (the traditional industry setup) is just not haven’t tapped into it. longer and that our pay isn’t equal that credited A Wall Street veteran, Krawcheck led We turned our attention to the factpayments that Women already have the power, we just (service) that takes into accountEnter we—live Facebook’s Marketplace service. Merrill Smith and (the traditional industry is just haven’t tapped it.half the longer andUntil thatfeminist. our pay The isn’tconversation equal — that PrivateLynch, as CEO. SheBarney saw that theCiti working for them. What setup) motivates a not We are moreinto than workforce, isn’t sexist it’s Merrill Lynch, Smith Barney and Citi (the traditional industry setup) is just not haven’t tapped into it. longer and that our pay isn’t equal — that properly. Private as world CEO. of She saw that the working forinvest them. What motivates a We are more than half the workforce, isn’t sexist it’s feminist. Thepartnership conversation now, only individuals could sell traditional finance was not woman to is not winning but we manage $5 trillion of investable assets came along and in general, (the criticism) Private as CEO. She saw that the working for them. What motivates a We are more than half the workforce, isn’t sexist it’s feminist. The conversation with auto traditional world ofthe finance not woman to invest is not winning manage $5we trillion of investable assets came along andbecause in general, (the criticism) Pay on time. Missing we athe properly needswas of women. reaching goals — buying a but house, in US and control thetheir bulk of has gone away thesuch product traditionalmeeting world of finance was not woman toher invest is not winning but we manage $5 trillion of investable assets came along and in general, (the criticism) ashas Edmunds and old vehicles. properly meeting needs of women.a reaching goals — buying a house, in the US and we control the bulk has gone away the product has So in 2016 shethe launched Ellevest, starting aher business, retiring comfortably. consumer spending. We have the of power, stood on its feetbecause so strongly. properly meeting the needs of women. reaching her goals — buying a house, in the US and we control the bulk of has gone away because the product has payment, even by a single day, So in 2016 she launched Ellevest, a starting a business, retiring comfortably. consumer spending. We have the power, stood on its feet so strongly. Cars.com. The compa And why not? After all, the digital investment for women. we just haven’t used We it. have the power, So in 2016 she advisory launchedfirm Ellevest, a starting a business, retiring comfortably. consumer spending. stood on its feet so strongly. digital investment advisory firm for women. weThe just haven’t used it. can trigger a deluge of calls from rental companies. Krawcheck talked to The Associated So what do you do differently? Where does the traditional format go made it easier to more things you can dothe ontraditionalalso digital investment advisory firm for women. we just haven’t used it. Krawcheck talked to The Associated what doayou differently? Where doesthem? format go Press about how Ellevest takes into We provide freedo investing plan that the companies I understand there was some backlash wrong with You may have cheaper options Rent-to-own may further behind youSo get, the more aggressive Krawcheck talked to The Associated So what do you do differently? Where does the traditional format go cars byhas filtering listing Facebook, the more time Press about how Ellevest takes into We provide a free investing plan that I understand there was some backlash wrong with them? account differences between men and traditional would charge $1,000 women when Ellevest launched It doesn’t reflect them and therefore Press about how Ellevest takes into We providefirms a free investing plan that or Ifrom understand there was some backlash wrong with them? seem cheap, but in practice it is a very expensive become. account differences between men and traditional firms would charge $1,000 or from women when Ellevest launched It doesn’t reflect them and therefore has women’s financial lives, like lower pay, more for, or traditionally would have. And though, is that right? not met their needs. It’s all about beating year, model, mileage you’ll spend there. account differences between men and traditional firms would charge $1,000 or from women when Ellevest launched It doesn’t reflect them and therefore has women’s financial lives, like lower pay, negotiating more for,give or lower traditionally would have. though, is thatIright? not met theirnot needs. all about beating longer lifespans and career absences. we help them the tools to determine Yeah, oh yeah. would say a double-digit the aboutIt’s meeting their goals. of lending, akin to payday loans or car title loans. The Consider payoff. DebtAnd collectors that women’s financial lives, like lower pay, more for, a or traditionally would have. And though, is that right? notismarket, met their needs. It’s all about beating other attributes. Marketplace Facebook’s longer lifespans and career absences. we help give them theintools determine Yeah, oh yeah. I wouldhad say a double-digit the about meeting their goals. what they want to do theirto and how percentage of women Themarket, industry,not when I was in it, would longer lifespans and career absences. we help give them the tools tolifedetermine Yeah, oh yeah. I would sayaanegative double-digit the market, not about meeting their goals. ive annual percentage rates typically run more than acquire unpaid debt from rental companies will typically what they want to do in their life and how percentage of women aanswer negative The industry, whenwomen I was in would But Facebook won Users Why do you think women need an they do that, using a very powerful reaction. (Women said)had ‘I don’t need ato Craigslist. literally talk about asit, niche what they want to do in their life and how percentage of women had a negative The industry, whencan I was in it,awould Why do you think women need an pay thethey do that, using a very powerful (Women said) ‘I don’t need aThis literally talk about women as a niche Sallie Krawcheck ercent. ask you to “early on yourreaction. investment tailored to them? algorithm. Ipurchase don’t want to option” say we empower dumb-dumb version. How dare you? market. Why do youservice think women need an they do that, using a very powerful reaction. (Women said) ‘I don’t need a sell used literally talk about women as a niche stop at cars – did you buy and stuff easily. Sallie Krawcheck investment service tailored them? algorithm. I don’t want like to say empower version. How dare you? This market. Founder We put in thousands of hours to of research them, because I don’t thatwe word, butdowndumb-dumb is sexist’. Sallie Krawcheck credit history or can’t investment service tailored to them? algorithm. I don’t want to say we empower dumb-dumb you? This market. en if you have a troubled pay the contract. But savvy consumers can talk them to half version. How dare Founder We put in thousands of hours of research them, because I don’t like that word, but is sexist’. they Selling involves just snapping Ellevest and put found that many of of hours the myths about we give her the Itools make What happened next was fascinating, Interviewed by Sarah Skidmore Sell.would? It’s also t Founder in thousands of research them, because don’ttolike thatthe word, but is sexist’. and found that many—of ofwomen the myths about we give hermultiple the tools tomonths. make the What happened next was fascinating, Interviewed by Sarah Skidmore Sell. urchase priceEllevest for something you want, there We can be that amount paid over women in investing are too risk decisions. some of the women engaged in a Edited for and length. Ellevest a photo and setting aclarity price, jobs, and found that many of the myths about we give her the tools to make the What happened next was fascinating, Interviewed by Sarah Skidmore Sell.event tickets and
months. After that, you three options: you can buy em outright, continue making ents until you own it or the item to end your lease. InsiderQ&A ou stop making payments InsiderQ&A InsiderQ&A behind, the company you asing it from can repossess bject. You don’t have the o get your money back.
This article was provided to The Associated Press by the personal finance website NerdWallet. This article was provided to The Associated Press by the personal finance website NerdWallet. several ways
Financial planning Financial planning Financial planning for women for women for women
women in investing — women are too risk women in investing — women are too risk
decisions. decisions.
This article was provided to The Associated Press by the personal finance website NerdWallet.
some of the women engaged in a some of the women engaged in a while
AP
Edited for clarity and length.
Edited for clarity buying requires just and length. rentals.
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