Unless you happen to be an average-size person with perfectly balanced proportions, the clothing you buy may or may not fit perfectly. A skilled tailor can make a wardrobe seem almost custom-made by taking up a hem, adjusting a cuff, or making a few nips and tucks here and there. The same applies to your investment portfolio. A standard asset-allocation mix (such as a model portfolio ) may work well for the “average” investor, but one size doesn’t always fit all. Here are some of the situations in which you might want to consider adjusting your portfolio for a better fit. The “bucket approach” is a great way to tailor your asset allocation to better fit your specific needs. The general idea is to keep one to two years’ worth of expenses in highly liquid securities to help meet short-term cash needs (plus an additional five years’ or more worth of living expenses in high-quality fixed-income securities to provide income and stability). That way you won’t have to scramble to sell securities to meet your ongoing expenses. In effect, this approach is a way of building a tailored asset allocation from the bottom up. Similarly, make sure your asset allocation accounts for both longer- and shorter-term goals. If you have upcoming events on the horizon such as a home purchase, college tuition, a wedding, or a big vacation, make sure you have enough of your portfolio in moderate-risk assets (such as high-quality short- or intermediate-term bond funds) to fund these goals. It’s far more likely for a single stock to have large losses than a diversified mutual fund, so it’s wise to prune any stock holdings so they make up less than 10% of your portfolio. If you’ve received significant equity awards as part of your total compensation, though, consider how to do so without realizing hefty capital gains. If your spouse is more than five years older or younger than you, your portfolios should probably look a bit different. The younger spouse can afford to have a higher equity weighting and a more aggressive risk profile, while the older one will want to dial back risk. If you hold assets jointly, consider using a blended approach based on the average of your two ages. If you’re fortunate enough to have relatives who lived into their 90s or beyond, it makes sense to plan for a longer-than-usual life expectancy. You can probably afford to take on more risk with more exposure to equities and high-risk assets. From an actuarial perspective, each year you live means your life expectancy gets longer. Some experts (such as Michael Kitces and Wade Pfau) even argue for a “reverse glide path,” which increases equity exposure as you get older instead of the reverse. On the flip side, if you’re dealing with a terminal illness, make sure to keep your portfolio conservative enough to meet higher-than-expected health care expenses and provide yourself with whatever you might need to make your remaining months and years a little more comfortable. You might want to leave a legacy to your children and grandchildren, but keep in mind that the gift of your time—not money—will probably be the most meaningful. So, don’t feel guilty about spending down your assets if you find yourself in a situation where you need to. If you weren’t able to save and invest early in your career, your portfolio balance might be relatively low. Taking a hard look at your spending is the most important step you can take in this situation. But while it might be tempting to ramp up your equity exposure to try to make up lost ground, it’s more prudent to take the opposite approach because a small portfolio has less room to absorb market losses. Because a pension is literally a fixed income, it functions like a bond position in a portfolio, so you can afford to increase the equity weighting with your other assets. Social Security works the same way: Your monthly benefits won’t grow beyond a small cost of living increase, but it’s effectively a bond-like income stream. Get local news delivered to your inbox!
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Heritage Hills has been one of the top ranked teams in the Class 3A all season and will get a chance to prove it this coming Saturday at the state finals after knocking off Batesville 42-0 to win the semistate title. The No. 2 Patriots (13-1) will take on Ft. Wayne Bishop Luers (10-4) at 3 p.m. Saturday at Lucas Oil Stadium for the Class 3A state championship. Batesville ends the season 9-4. Heritage Hills took the opening possession down the field for a touchdown. Quarterback Jett Goldberry scored on the 15-yard run at the 7:30 mark to give the host Patriots an early 7-0 lead. Batesville came right back and moved the ball down the field. A 19-yard pass from Will Jaisle to Damien Krekeler had the Bulldogs on the move. Gage Pohlman had a big run on the drive. When Jaisle connected with Damien Dance on the pass play, the Bulldogs were at the Heritage Hills 20-yard line. The Patriots stalled Batesville’s drive and took over on downs. On Heritage Hills’ next possession, Goldsberry scored on a 40-yard run to push the Patriots’ lead to 14-0 after one quarter. A Goldsberry pass to Hunter Meredith for the 87-yard touchdown extended the Patriots’ led to 21-0. Just before the half, Goldsberry pass to Peyton Gray for a 37-yard touchdown put Heritage Hills in front 27-0 at the break. A rushing touchdown by Alex Smith and touchdown pass from Goldsberry to Tyler Ruxer capped the scoring in the game with Heritage Hills advancing 42-0. Adams Central (13-1) vs Linton-Stockton (12-2), 11 a.m. East Noble (13-1) vs New Palestine (13-0), 3 p.m. Westfield (12-1) vs Brownsburg (12-1), 7 p.m. North Judson-San Pierre (14-0) vs Providence (13-0), 11 a.m. Fort Wayne Bishop Luers (10-4) vs Heritage Hills (13-1), 3 p.m. Warsaw Community (10-3) vs Decatur Central (10-2), 7 p.m.Fairholme Funds, Inc. December 2024 Dividend Distributions
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MIAMI--(BUSINESS WIRE)--Dec 13, 2024-- FAIRHOLME FUNDS, INC. THE FAIRHOLME FUND (FAIRX) On December 13, 2024, the Fairholme Fund (NASDAQ: FAIRX) distributed an Ordinary Income dividend of $0.21078 per share to shareholders of record as of December 12, 2024. The Fairholme Fund’s Net Asset Value (“NAV”) was reduced by the total amount of the distribution. The Record Date, Ex-Dividend Date, Payable Date, and Cents-Per-Share are as follows: THE FAIRHOLME FOCUSED INCOME FUND (FOCIX) On December 13, 2024, the Fairholme Focused Income Fund (NASDAQ: FOCIX) distributed an Ordinary Income dividend of $0.06767 per share to shareholders of record as of December 12, 2024. The Fairholme Focused Income Fund’s Net Asset Value (“NAV”) was reduced by the total amount of the distribution. The Record Date, Ex-Dividend Date, Payable Date, and Cents-Per-Share are as follows: Past performance is not a guarantee of future results. Investing in the Funds involves risks including loss of principal. The Funds’ investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the Funds, and it may be obtained by calling Shareholder Services at (866) 202-2263 or visiting our website www.fairholmefunds.com . Read it carefully before investing. The Fairholme Fund is non-diversified, which means that The Fairholme Fund invests in a smaller number of securities when compared to more diversified funds. Therefore, The Fairholme Fund is exposed to greater individual stock volatility than a diversified fund. The Fairholme Fund also invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fairholme Fund may also invest in “special situations” to achieve its objectives. These strategies may involve greater risks than other fund strategies. The Fairholme Focused Income Fund (the “Income Fund”) is a non-diversified mutual fund, which means that the Income Fund invests in a smaller number of securities when compared to more diversified funds. This strategy exposes the Income Fund and its shareholders to greater risk of loss from adverse developments affecting portfolio companies. The Income Fund’s investments are also subject to interest rate risk, which is the risk that the value of a security will decline because of a change in general interest rates. Investments subject to interest rate risk will usually decrease in value when interest rates rise and rise in value when interest rates decline. Also, securities with long maturities typically experience a more pronounced change in value when interest rates change. Debt securities are subject to credit risk (potential default by the issuer). The Income Fund may invest without limit in lower-rated securities. Compared to higher-rated fixed income securities, lower-rated debt may entail greater risk of default and market volatility. Foreside Funds Distributors LLC (12/24) View source version on businesswire.com : https://www.businesswire.com/news/home/20241213557386/en/ CONTACT: Fairholme Funds, Inc. Jodi Lin, 305-358-3000 KEYWORD: FLORIDA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: COMMUNICATIONS PROFESSIONAL SERVICES PUBLIC RELATIONS/INVESTOR RELATIONS FINANCE SOURCE: Fairholme Funds, Inc. Copyright Business Wire 2024. PUB: 12/13/2024 05:30 PM/DISC: 12/13/2024 05:32 PM http://www.businesswire.com/news/home/20241213557386/enHarris has ‘no knowledge’ anyone tried to get RTE to take down viral clip
AP Business SummaryBrief at 2:40 p.m. EST
Butterball, a popular turkey company, is facing calls for a boycott ahead of the Thanksgiving holiday amid allegations of animal abuse that are circulating online . The claims about animal abuse stem from a video that People for the Ethical Treatment of Animals (PETA), an animal rights organization, shared on its X and Instagram accounts in November. That video accuses Butterball employees of abusing turkeys. “Do you know what happened to your Butterball turkey before they were killed?” the videos’ caption says. A VERIFY reader texted us to ask if Butterball turkeys have been recalled amid the abuse allegations. Google Trends data show other people online are also wondering if there’s a recall on Butterball turkeys. THE QUESTION Have Butterball turkeys been recalled amid abuse allegations? THE SOURCES The U.S. Department of Agriculture (USDA) U.S. Food and Drug Administration Butterball spokesperson People for the Ethical Treatment of Animals (PETA) THE ANSWER No, Butterball turkeys have not been recalled amid abuse allegations. WHAT WE FOUND There isn’t a recall for Butterball turkeys, a spokesperson for the company and federal government websites confirm. The video circulating online alleging animal abuse is nearly 20 years old. If any food products were recalled, federal health officials would post notices on their websites. But that hasn’t happened as of Tuesday, Nov. 26. The U.S. Department of Agriculture (USDA) and U.S. Food and Drug Administration (FDA) websites do not list any recent recalls for Butterball turkeys. A Butterball spokesperson also confirmed to VERIFY that none of the company’s products are recalled. The video accusing Butterball employees of abusing turkeys that sparked recall concerns is almost 20 years old, the company spokesperson said. "We are aware of a video from nearly 20 years ago, which is being re-shared across social media. This video is not current and was taken prior to Butterball becoming a private company and prior to our engagement and certification through American Humane,” the spokesperson told VERIFY. “Eleven years ago, Butterball was the first, and remains the only, turkey company to be American Humane certified. That means we have yearly audits conducted by a third party to ensure compliance with our 200+ science-based standards of best practice for care of turkeys, well exceeding industry best practices,” they added. People for the Ethical Treatment of Animals (PETA) has a longer version of the video alleging turkey abuse posted on its website. That webpage links out to an article where PETA details an undercover investigation into a Butterball slaughterhouse in Ozark, Arkansas, that occurred nearly 20 years ago, from April to July 2006. During the undercover investigation, PETA investigators “documented that Butterball workers punched and stomped on live turkeys, slammed them against walls, and worse,” the animal rights organization said. In response to the old video recirculating online, the Butterball spokesperson added that the company has a “zero-tolerance policy for animal mistreatment." Related Articles Safely thawing your Thanksgiving turkey: 5 VERIFIED tips Yes, the average Thanksgiving meal this year is more affordable than last year Claim that Wednesday before Thanksgiving is the busiest travel day needs context The VERIFY team works to separate fact from fiction so that you can understand what is true and false. Please consider subscribing to our daily newsletter , text alerts and our YouTube channel . You can also follow us on Snapchat , Instagram , Facebook and TikTok . Learn More » Follow Us YouTube Snapchat Instagram Facebook TikTok Want something VERIFIED? Text: 202-410-8808What's Going On With Zoom Video Stock Today?Dr Charlotte Proudman, who specialises in family law, had faced a Bar Standards Board (BSB) disciplinary tribunal over a 14-part Twitter thread criticising a judge’s ruling over a domestic abuse case, saying it echoed a “boys’ club”. However, the five charges against the 36-year-old were dropped on Thursday. In an interview with The Times, Dr Proudman described the position of Mark Neale, the board’s director-general, as “untenable” and said its chairwoman, Kathryn Stone, should also stand down. “They need a change, not just in those two individuals, though, because, of course, it seeps down to the rest of the organisation,” she said. She told the paper she “genuinely” wanted to work with the Bar Standards Board in helping them to understand how misogyny and sexism have impacted women at the bar. However, she said that “under the current leadership, it’s just not going to be possible”. The charges alleged Dr Proudman had “failed to act with integrity” in posting the tweets, that they amounted to professional misconduct, were “misleading” and “inaccurately reflected the findings of the judge” in the case. The women’s rights campaigner was also accused of behaving in a way “which was likely to diminish the trust and confidence which the public placed in her and in the profession”, and that she “knowingly or recklessly misled or attempted to mislead the public” by making the posts. But panel chairman Nicholas Ainley found her tweets are protected under Article 10 of the Human Rights Act 1998 and the European Convention on Human Rights, which protects the right of freedom of expression. He said her tweets did not “gravely damage” the judiciary, which would “put them outside” of Article 10 protection, even if they “might not have been pleasant for any judge to read” or even “hurtful”. “We take the view that the judiciary of England and Wales is far more robust than that,” he said. The panel also concluded that some of the tweets were only inaccurate “to a minor degree” and not to the extent necessary for a charge of a lack of integrity. Speaking after the hearing, Dr Proudman told the PA news agency: “This ruling is a victory for women’s rights and a right to freedom of speech. “The prosecution against me brought by my regulatory body, the Bar Standards Board, should never have happened and I said that from day one. “I criticised a domestic abuse judgment. Everyone should have the right to do that, whether you’re a barrister or not. Our justice system, which I strongly believe in, is robust enough to withstand criticism from me.” She believes her tweets help “foster confidence” in the justice system, adding: “Only that way can we go about building change and a better treatment for all victims, women and children and men who are affected by domestic abuse.” Explaining that the BSB appears to have spent almost £40,000 “of barristers’ money” on instructing counsel in her case, she added: “I think it’s shameful that they’re using our money to pay for, in my view, malicious, vexatious prosecutions which I have no doubt was a personal attack against me as a woman and as a feminist, as an outspoken critic and advocate for women’s rights.” Dr Proudman called for “systemic change” within the board. “They don’t understand gender, they don’t understand diversity, I don’t think they’ve ever heard of the concept misogyny and certainly not institutional misogyny,” she said. “Until they recognise the deeply rooted, entrenched issue of bullying, harassment, sexism at the bar, for which I have suffered relentlessly... and own up to it I don’t think we’re going to see any change and I have no confidence in them.” She told of how male barristers have called her insulting names on social media and made derogatory comments about her. In the posts on April 6 2022, Dr Proudman referenced a case in which her client alleged she had been subjected to coercive and controlling behaviour by her husband, a part-time judge, meaning she had been “unable to freely enter” the couple’s “post-nuptial” financial agreement. Commenting on the ruling by Family Court judge Sir Jonathan Cohen, Dr Proudman wrote: “I represented Amanda Traharne. “She said she was coerced into signing a post-nuptial agreement by her husband (who is a part-time judge). I lost the case. “I do not accept the Judge’s reasoning. I will never accept the minimisation of domestic abuse.” She continued: “Demeaning the significance of domestic abuse has the affect of silencing victims and rendering perpetrators invisible. “This judgement has echoes of (t)he ‘boys club’ which still exists among men in powerful positions.” In the thread, Dr Proudman wrote that the judge had described the relationship of the couple as “tempestuous”, which she argued was a “trivialisation” of domestic abuse. “Tempestuous? Lose his temper? Isn’t this the trivialisation of domestic abuse & gendered language. This is not normal married life,” she wrote.
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JEDDAH, Saudi Arabia (AP) — “My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia's decades-long cinema ban. Eight years later, the landscape for film in the kingdom looks much different — and the star of “My Driver and I” now has an award. Roula Dakheelallah was named the winner of the Chopard Emerging Saudi Talent award at the Red Sea International Film Festival on Thursday. The award — and the glitzy festival itself — is a sign of Saudi Arabia's commitment to shaping a new film industry. “My heart is attached to cinema and art; I have always dreamed of a moment like this,” Dakheelallah, who still works a 9-5 job, told The Associated Press before the awards ceremony. “I used to work in voluntary films and help my friends in the field, but this is my first big role in a film.” The reopening of cinemas in 2018 marked a cultural turning point for Saudi Arabia, an absolute monarchy that had instituted the ban 35 years before, under the influence of ultraconservative religious authorities. It has since invested heavily in a native film industry by building theaters and launching programs to support local filmmakers through grants and training. The Red Sea International Film Festival was launched just a year later, part of an attempt to expand Saudi influence into films, gaming, sports and other cultural fields. Activists have decried the investments as whitewashing the kingdom’s human rights record as it tightly controls speech and remains one of the world’s top executioners. With FIFA awarding the 2034 World Cup to Saudi Arabia this week, Lina al-Hathloul, a Saudi activist with the London-based rights group ALQST, said Crown Prince Mohammad bin Salman “has really managed to create this bubble where people only see entertainment and they don’t see the reality on the ground.” These efforts are part of Vision 2030, an ambitious reform plan unveiled in 2016 to ease the economy's dependence on oil. As part of it, Saudi Arabia plans to construct 350 cinemas with over 2,500 movie screens — by this past April, across 22 cities, it already had 66 cinemas showing movies from the local film industry, as well as Hollywood and Bollywood. (The Red Sea International Film Festival attracts a host of talent from the latter industries, with Viola Davis and Priyanka Chopra Jonas also picking up awards Thursday.) The country's General Entertainment Authority last month opened Al Hisn Studios on the outskirts of Riyadh. As one of the largest such production hubs in the Middle East, it not only includes several film studios but also a production village with workshops for carpentry, blacksmithing and fashion tailoring. “These facilities, when they exist, will stimulate filmmakers,” said Saudi actor Mohammed Elshehri. “Today, no writer or director has an excuse to imagine and say, ‘I cannot implement my imagination.’” The facilities are one part of the equation — the content itself is another. One of the major players in transforming Saudi filmmaking has been Telfaz11, a media company founded in 2011 that began as a YouTube channel and quickly became a trailblazer. Producing high-quality digital content such as short films, comedy sketches and series, Telfaz11 offered fresh perspectives on Saudi and regional issues. In 2020, Telfaz11 signed a partnership with Netflix to produce original content for the streaming giant. The result has been movies that demonstrate an evolution on the storytelling level, tackling topics that were once off-limits and sensitive to the public like secret nightlife in “Mandoob” (“Night Courier”) and changing social norms in “Naga.” “I think we tell our stories in a very simple way, and that’s what reaches the world,” Elshehri says of the changing shift. “When you tell your story in a natural way without any affectation, it will reach every person.” But the films were not without their critics, drawing mixed reaction. Social media discoursed ranged from pleasure that Saudi film were tackling such topics to anger over how the films reflected conservative society. As Hana Al-Omair, a Saudi writer and director, points out, there are still many stories left untold. “We certainly have a long time ahead of us before we can tell the Saudi narrative as it should be,” she said, acknowledging that there are still barriers and rampant censorship. “The Goat Life,” a Malayalam-language movie about an Indian man forced to work without pay in Saudi Arabia, is not available on Netflix's platform in the country. Movies that explore political topics or LGBTQ+ stories are essentially out of the question. Even “My Driver and I,” featured at the Red Sea festival alongside 11 other Saudi feature-length films, was initially too controversial. It centers on a Sudanese man in Jeddah, living away from his own daughter, who feels responsible for the girl he drives as her parents are absent. It was initially blocked from being made because of the relationship between the girl and the driver, filmmaker Ahd Kamel has said, even though it's not a romantic relationship. Now in 2024, the film is a success story — a symbol of the Saudi film industry's evolution as well as the growing role of women like Kamel behind the camera and Dakheelallah in front of it. “I see the change in Saudi cinema, a very beautiful change and it is moving at a wonderful speed. In my opinion, we do not need to rush,” Dakheelallah said. “We need to guide the truth of the artistic movement that is happening in Saudi Arabia.” Copyright 2024 The Associated Press . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.