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Improving Investor Behavior: Own or loan? Equities vs. bonds

Published Sat, 30 Nov 2024 12:04:28 GMT

With interest rates on the rise, we’ve had an uptick in people asking us about bonds and whether it makes sense to re-evaluate fixed income in a portfolio. For readers of my column, you might remember that I’m not a fan of bonds for one simple reason: The payment amount is fixed. While some see this as a reason to invest in bonds, I see it as a major problem. Here’s why: As everything around us continues to get more expensive, a fixed payment covers less and less of the goods and services we need as life goes on.Inflation is a headwind for us all, but for those heavily invested in bonds it becomes a prison sentence. A $100,000 investment in a hypothetical bond that may pay, say, 5%, means you’ll have $105,000 at the end of the year. But if inflation keeps humming along at 6%, that $105,000 will only buy you roughly $99,000 worth of stuff. That’s not exactly my definition of a winning investment. It may be secure, but it’s not “safe.”Steve BoorenBeyond the sheer economics of fixed pa...

Grandma’s House brewery pulls out of Trinidad lease with Sexy Pizza

Published Sat, 30 Nov 2024 12:04:28 GMT

Grandma’s moved out of Trinidad. The brewery, that is. In 2021, two Denver-based businesses – Sexy Pizza and Grandma’s House brewery – decided to expand down to the city just north of the Colorado-New Mexico border. “It was sort of an impulsive decision to open the bar down there,” Grandma’s House founder Matthew Fuerst said. “Sort of a combination of mid-COVID stir craziness and Denver kind of changing quickly.” Sexy Pizza co-owner Kayvan Khalatbari bought the historic train depot building at 516 E. Elm St. that year and invited Grandma’s House to rent a portion of the 4,000 square-foot space. “We certainly wanted to share the space with them and have them succeed,” said Kyle Peters, another of Sexy Pizza’s co-owners. “It’s a really cool building. We took it over and tried to do a nice good face-lift and keep that historic charm.” But, just shy of two years later, Grandma’s House has closed the taps. Matthew Fuerst“We knew it was going to be an uphill climb, and the first year was ...

Denver is closing a unique homeless shelter that its operators say worked. Residents are now scrambling.

Published Sat, 30 Nov 2024 12:04:28 GMT

The Rodeway Inn homeless shelter was the first space Laura Lindquist felt like she had somewhere her own to lay her head at night. It was the first place she didn’t fear her things being stolen. The first place she felt secure enough to start acquiring belongings to care about.Now, Lindquist, 45, must reckon with the possibility of getting dumped back onto Denver’s streets after the city-owned shelter serving women, transgender and non-binary guests recently announced its Aug. 23 closure, which will displace the nearly 70 residents and more than 30 staff members who live and work in the defunct Federal Boulevard hotel.“We’ve all been through so much already, and this is trauma all over again,” Lindquist said. “What are our options?”The Denver Housing Authority bought the former hotel for $11.1 million in May 2020 and leased it to the city for $10 a year to become an emergency non-congregate homeless shelter — meaning the hotel rooms fu...

A life from the land: Ranchers of color, now and in the past, make marks in Colorado

Published Sat, 30 Nov 2024 12:04:28 GMT

Emma Brown, a 23-year-old rancher, tromped through mud at Windy Creek Ranch in Longmont to oversee her five new Corriente cattle, with her mutt Ellie at her heels.Bustling between chores around the property, Brown made a stop in the horse stalls to calm a thoroughbred before slathering ointment on its nose.Then, she’s off again, accompanying a ranch hand to turn their other horses out to pasture. Brown knows horses well – she started learning how to ride at 4 years old, eventually advancing to show jumping and other events.Just up the road, her family owns a 40-acre property where her parents ran a horse boarding facility throughout her adolescence, and she bought her own horse as a teenager. But last month, she took on a new business endeavor: cattle, with the goal of doing cattle drives and eventually selling beef.“We do have the market for it,” she says. Brown called it “a big investment, but we’re really excited.”When not doing chores, Brown k...

If walls could talk: The Sink, Boulder’s oldest restaurant, turns 100

Published Sat, 30 Nov 2024 12:04:28 GMT

“Everyone has a story to tell about The Sink,” said Boulder filmmaker Bruce Borowsky in an interview with the Daily Camera.If only those graffiti-tagged walls could talk.The front of the house at the iconic corner spot on University Hill is adorned with big-name autographs, vibrantly loud cartoon art and low ceilings that make for a unique experience.There’s no place quite like Boulder’s oldest restaurant that opened up shop on University Hill in 1923. This year it’s celebrating 100 years of service in Boulder. The Boulder community, past and present, has been the glue that has held those colorful walls together (along with its ceiling mural “Sinkstine Chapel,” created by late local muralist Llloyd Kavich).For Sophie Angleton, who was on a college tour checking out the University of Colorado Boulder with her parents, she first thought The Sink was a community bathroom.“I overheard someone on campus talking about ‘going to The Sink later,’” Angleton said. “I thought maybe they were j...

Apple co-founder to sell huge Carmel Valley ranch for $35 million to become public nature preserve

Published Sat, 30 Nov 2024 12:04:28 GMT

A legendary Silicon Valley tech leader who bought a vast ranch in Carmel Valley 40 years ago is selling the property to a conservation group to become a new public preserve and cultural site.In 1977, Mike Markkula gave two unknown, shaggy-haired computer programmers, Steve Jobs and Steve Wozniak, $250,000 to help turn their young partnership into a new company. He become the third employee at Apple, served as its CEO and chairman of the board, and at one time owned 26% of the company.Markkula, an engineer who had worked at Intel before meeting the duo, used part of his fortune to buy one of the largest properties in Monterey County, the historic Rana Creek Ranch, a 14,100-acre landscape that stretches 8 miles through Carmel Valley, between Salinas Valley and Big Sur.After listing the property for sale off and on since 2013, Markkula, of Woodside, has signed an agreement to sell it to the Wildlands Conservancy, an environmental group based in San Bernardino County, for $35 million. E...

El papa Francisco agradece a los peregrinos las oraciones que le “sostuvieron” durante su estancia en el hospital

Published Sat, 30 Nov 2024 12:04:28 GMT

(CNN) — El papa Francisco agradeció a los peregrinos sus oraciones, que, según él, le “sostuvieron” durante su reciente estancia en el hospital.El papa se dirigió a los peregrinos desde la ventana de los aposentos apostólicos del Vaticano durante el rezo del Ángelus, que fue aplazado la semana pasada por recomendación de los médicos. A diferencia de otros papas en el pasado, el papa Francisco no vive allí.“Quisiera expresar mi gratitud a todos los que me han sostenido en la oración y en la cercanía espiritual”, dijo el papa este domingo.Subrayó que el apoyo de los peregrinos le había proporcionado “gran ayuda y consuelo” mientras se recuperaba de una operación abdominal en un hospital de Roma.Finaliza sin complicaciones la operación abdominal del papa Francisco, dice el VaticanoEl pontífice, de 86 años, también aprovechó la ocasión para compartir sus condolencias con todos los afectados por el incidente del barco de migrantes frente a las co...

DC subscribers to Victoria’s Secret-owned online lingerie retailer will get subscription fee refunds, AG says

Published Sat, 30 Nov 2024 12:04:28 GMT

Adore Me, the lingerie startup acquired by Victoria’s Secret & Co., will refund District subscribers for improperly charged subscription fees, Attorney General Brian Schwalb announced Friday.An estimated 2,500 consumers in D.C., as of 2021, who have VIP Memberships and store credits from recurring charges will be eligible for a refund. Patrons who filed a complaint with the attorney general’s office who don’t have active membership will also be provided full refunds.“Under DC law, consumers are entitled to timely, accurate, and complete information about every purchase they make. No one should be surprised by a recurring charge or forced to jump through endless hoops to cancel a subscription, yet this is precisely how Adore Me’s business model operated,” Schwalb said in a news release.Attorneys general from 32 jurisdictions joined the settlement, which alleged Adore Me broke several consumer protection laws by not disclosing terms in its VIP Members...

The woman who founded Father’s Day was a renegade, great-granddaughter says

Published Sat, 30 Nov 2024 12:04:28 GMT

LOS ANGELES (AP) — You could call her the mother of Father’s Day. The late Sonora Smart Dodd launched the celebration of dads in 1910 in her hometown of Spokane, Washington. As a result, she is the one responsible for those annual gifts that run the gamut from embarrassingly silly-looking neckties to kids’ finger paintings crafted with so much love by those tiny hands that they can bring a tear to the eye of even the most stoic father.It’s a tradition Dodd decided to start as she sat in a Spokane church on Mother’s Day 1909, listening to a sermon about — what else? — Mother’s Day.“And it bugged her,” Dodd’s great-granddaughter, Betsy Roddy, told The Associated Press in 2017. “She thought, ’Well, why isn’t there a Father’s Day?”Dodd and her five younger brothers, after all, had been raised by their father after their mother died in childbirth in 1898.William Jackson Smart became a farmer after fighting in the Civil War. He not only held down both parental roles but did it with “leade...

Trasladan a 10 personas a hospitales tras disparos en una celebración del Juneteenth; dos están en estado crítico

Published Sat, 30 Nov 2024 12:04:28 GMT

(CNN) — Varias personas fueron tiroteadas durante la noche de este domingo en Willowbrook, Illinois, según el jefe del batallón del distrito de protección contra incendios, Joe Ostrander.Los testigos dicen que una celebración de Juneteenth [Día de la Emancipación] se desarrollaba en el estacionamiento en el momento del tiroteo.Los informes de un tiroteo en Lilac y la Ruta 83 llegaron alrededor de las 12:30 a.m. hora local.Los informes iniciales hablaban de cinco víctimas. Al final, 10 pacientes fueron trasladados a cuatro hospitales locales con heridas que iban desde rozaduras a heridas de bala, dijo Ostrander.Aumentan las ventas de armas en EE.UU. en medio de una serie de tiroteos masivosDos de ellos se encuentran en estado crítico.Al menos 12 ambulancias acudieron al lugar de los hechos, añadió.Willowbrook es de aproximadamente 33 kilómetros al oeste de Chicago.CNN se puso en contacto con la oficina del sheriff para obtener más información sobre el tiroteo.The-CNN-Wire&trade...