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Added on the 18/10/2016 14:12:08 - Copyright : Wochit
Former Malaysian prime minister Najib Razak arrives in court to begin an appeal against his conviction on corruption charges and 12-year jail term linked to the multi-billion-dollar 1MDB scandal. IMAGES of arriva of Najib Razak
The great Warren Buffett is a skilled investor who is studied, analyzed, and imitated by many. But according to Business Insider, most people already have what Buffett has used to generate his immense wealth. In Morgan Housel's new book 'The Psychology of Money,' Housel argues that the 'secret' is simply how long Buffett's been investing. In other words, time. When measured by average returns, Buffett isn't the greatest investor of all time — but he's had time and patience on his side. In fact, Buffett admitted this himself in an interview with motivational coach Tony Robbins, who asked Buffett how he got so rich. Three things: Living in America for the great opportunities, having good genes so I lived a long time, and compound interest. Warren Buffett Founder, Berkshire Hathaway
Business Insider reports Norwegian deputy central bank governor Jon Nicolaisen resigned on Friday. Nicolaisen was in charge of Norway's $1.2 trillion sovereign wealth fund, the biggest in the world. He stepped down after Norway's security service rejected his security clearance because his wife is Chinese and lives in China. The pair have been married for ten years, but Norway has become stricter on ties to China and Russia in recent years. Norway's intelligence service says the two countries are trying to find out information about Norway's petroleum industry.
Business Insider contributor Kevin L. Miller II has vowed to give his children a running start to their adult life, by building wealth for them as they age. Within weeks of bringing each of his children home from the hospital, they all had a 529 college savings plan and a custodial account. In fact, Miller says that by the time his son turns 18, he'll have 75 times more in savings than he had at that age. To build generational wealth, Miller says it must start with communication. Speak with your children about saving, investing, and earning. Start early. Assuming a 7% annual return, by investing just $100 per month when your child is one year old, he or she could be a millionaire at age 61. But starting at age 25, Miller says, it takes $550 per month to hit the millionaire mark by 61, or $1,200 per month starting at age 35. Finally, don't just 'set it and forget it.' Keep a close eye on your finances and do an annual update to account for your life changes.
Najib Razak arrives at court in Kuala Lumpur where he will face the verdict in his first corruption trial following a long-running case probing the former prime minister's role in the multi-billion-dollar 1MDB scandal. IMAGES
Leonardo DiCaprio has pledged support to America's Food Fund amidst the coronavirus pandemic, and alongside Apple's CEO Tim Cook and Laurene Powell Jobs, the widow of Apple's Steve Jobs, he is pledging a whopping $12 million.
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