Welcome to our News Round-Up! Here, we’ll share with you interesting news in interesting ways, giving you a snapshot of a few of this past week’s headlines and events to get you caught up on what’s going on both here and abroad.
June 6, 2015
Quote of the Week:
- “I want to continue to work, but will be able to relax a little more and not have any worries financially.” – Staten Island plumber and lottery winner Anthony Perosi, reflecting on his new $136 million fortune. Perosi was adamant that he didn’t plan on retiring early, but rather would use his winnings to pay off debts and live more comfortably. I think most of us can say with 100% certainty that $136 million would help us live more comfortably, too!
On Your Business:
- And they’re off! With excitement building around American Pharoah potentially capturing the Triple Crown at the Belmont Stakes this weekend, financial advisors may receive some eager clients looking to invest in the horse racing business. You may want to inform those clients that as glamorous as winning $800K for a 2.5 minute race sounds, a lot of time and effort goes into investing in a winning thoroughbred. One financial advisor says investing in a horse great entertainment but actual winnings don’t come often.
On the Industry:
- Let’s not forget why we’re all here: your clients. Advisor Mike Patton took our software for a spin in his series on ThinkAdvisor.com, testing it for client ease of use. Mike had some great things to say about our product–just the kinds of positive experiences we love hearing about here at eMoney. Check it out!
On Technology:
- 1,000,000 MS Office fans can’t be wrong. Microsoft is working on a new version of their ubiquitous Office software platform, and they’ve got themselves quite a few beta testers to give their latest prototype a spin. A combined one million people have already signed up to test MS Office 2016 on both OSX and Windows.
On the Economy:
- “Get back to work, everyone.” So said the U.S. economy last month as it picked up a healthy 280,000 jobs. This comes after a disappointing winter and just in time to help strengthen the resolve of those Federal Reserve officials who are hoping to start raising interest rates from their near-zero level later this year. In short, “This is a confirmation that the economy is performing well and the first quarter was an aberration.”
On the World:
- Things are looking up for Russian investors. There hasn’t been much positive economic news out of Russia in recent months. But in this Forbes.com article, Kenneth Rapoza talks about how Russia’s economy seems to be heating up–especially in ways that are good for investors in Russian oil companies.
