Retirement expert: The ‘4% rule is no longer a safe withdrawal rate’

Given the recent stock market losses and rising fears of recession, retirees shouldn’t bet on the traditional 4% withdrawal rule for their retirement savings, experts warn. The rule refers to the percentage amount that financial advisers recommend retirees should withdraw from their portfolio on an annual basis. “The 4% ruleContinue Reading

0 Natural Gas Price Fundamental Daily Forecast – With Oil Prices Down, Production Cuts May Be Coming Natural gas prices are surging on Friday shortly after the regular session opening and Thursday’s dramatic technical reversal as traders shrugged off yesterday’s bearish government storage report, choosing instead to focus on the rapid pace of falling production. Falling spot prices and the emergence of milder weather patterns may be limiting gains. At 13:01 GMT, June natural gas futures are trading $1.895, up $0.050 or +2.71%. According to Natural Gas Intelligence (NGI), with the relaxing of coronavirus-related shutdowns and stay-at-home orders not yet know, the supply side of the equation is starting to come into focus. Tudor, Pickering, Holt & Co. (TPH) analysts said the last two days of flow data showed total U.S. gas production down around 1.5 Bcf/d, “which could indicate the first signs of a break in U.S. gas supply.” U.S. Energy Information Administration Weekly Storage Report The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 73 billion cubic feet for the week-ended April 10. That was generally in line with average expectations for an increase of 71 billion cubic feet, according to a survey of analysts. Total stocks now stand at 2.097 trillion cubic feet, up 876 billion cubic feet from a year ago, and 370 billion cubic feet above the five-year average, the government said. NGI said a Bloomberg survey showed projections ranging from 42 Bcf to 78 Bcf, with a median build of 67 Bcf. A Dow Jones poll showed estimates as low as 39 Bcf and produced an average 58 Bcf injection. NGI’s model pegged the build at 57 Bcf. Last year, the EIA recorded a 73 Bcf build for the similar week, and the five-year average is a build of 27 Bcf. Short-Term Weather Outlook According to NatGasWeather for April 17 – April 23, “Cool shots will continue across the central and northern US into early next week with chilly lows of 20s and 30s. Texas and the South will warm back into the 70s and 80s into the foreseeable future, locally a touch hot into the 90s. The West will be mostly comfortable with highs of 50s to 80s for light demand. Warmer than normal conditions will build across all but the northeastern US mid-next week with national demand easing to lighter levels.” Short-Term Outlook Oil prices are down again with nearby futures under $18. This suggests further loss in US oil rigs for this afternoons Baker-Hughes rigs report. It will be watched very closely as it already has dropped a huge amount of oil rigs the past 3-4 weeks, declining more than 30%. This means less associated gas production. However, traders are asking themselves, when is this going to happen? It still hasn’t shown up in the data, given the two straight solidly bearish EIA storage reports. Today’s bullish price action suggests traders are already starting to price in the production cuts.

Natural gas prices are surging on Friday shortly after the regular session opening and Thursday’s dramatic technical reversal as traders shrugged off yesterday’s bearish government storage report, choosing instead to focus on the rapid pace of falling production. Falling spot prices and the emergence of milder weather patterns may beContinue Reading

Isolation is never easy — but in some places it’s easier than others. Only eight U.S. cities have median lot sizes with over 10,000 square feet, according to a new study by listing site Point2 Homes, a subsidiary of Yardi Systems, a Santa Barbara-based investment and property management software. “The most interesting thing is that during this pandemic, smaller cities are more livable than the big cities. This is only happening right now during the pandemic, when everybody has to stay indoors — or in their backyard if they’re lucky,” said Monica Alistar, a spokesperson for Point2 Homes. The study used median square footage from residential property data on the Point2Homes.com and PropertyShark.com platforms. Best and worse cities during isolation by lot size. By Point2 Homes. View photos Best and worse cities during isolation by lot size. By Point2 Homes. More Raleigh, N.C. has the largest median lot size of U.S. cities at 15,682 square feet, according to the study. Virginia Beach, Atlanta, Kansas City, Wichita, Tulsa and Jacksonville all claimed lots over 10,000 square feet. In general, populations in these cities were significantly lower than populations in small-lot cities, but some big cities like Atlanta (12,700 square feet) and Austin (median 9,975 square feet) also ranked No. 3 and No. 9, respectively, for largest lot sizes. Americans without a yard or a terrace for fresh air still might be better off if they have more space to move around inside, said Alistar, so the study also calculated indoor square footage. “We wanted to look at both lot size and living space inside because that is the next best thing. Of course, it would be great to have a backyard or a terrace — that would be amazing. But these cities do not have that,” said the study’s author, Andra Hopulele, a senior real estate writer at Point2 Homes. Best and worse cities during isolation by living area. By Point2 Homes. View photos Best and worse cities during isolation by living area. By Point2 Homes. More Colorado Springs had the biggest median interior living area, at 2,930 square feet — compared to the smallest living space in Boston, with a median 1,127 square feet indoors. “If you look at the median living area, you see that the median in Colorado Springs is double that in Boston — more than double. So it's really disproportionate. There are big differences between the first on the list and the last one. I was surprised by that honestly,” said Alistar. On the East Coast, Raleigh and Charlotte, N.C. had the largest living areas, with 2,451 and 2,128 square feet, respectively. Indianapolis had the most indoor space in the Midwest, with 2,704 square feet. Cramped urban spaces New Yorkers are most likely to be cooped up during the pandemic — Brooklyn had the smallest median lot size, at 2,250 square feet. In fact, the study included four New York City boroughs on the list, including Brooklyn, the Bronx, Queens and Staten Island. Manhattan was not included in the study because lot sizes were not available. Other Northeastern cities with the smallest lots included Philadelphia and Washington D.C. Chicago was the smallest in the Midwest at 3,781 square feet, while San Francisco clocked in as the smallest lots in the West Coast, with 2,840 square feet per lot, and New Orleans had the smallest lots in the South, at just over 5,000 square feet per lot. “The properties that have the smallest outdoor spaces are located in sought-after urban hubs, but obviously, people there do not get to enjoy gardens or backyards, as people in smaller cities do,” said Alistar. “The big city is good for business and lifestyle, but during these times of lockdown, people in these cities might be less happy.” Indoors, small living areas are clustered in the Northeast: Philadelphia, Baltimore, Washington D.C. and Staten Island. Detroit and Columbus, Ohio had the smallest spaces in the Midwest. Miami had the smallest living area in the South, with a median 1,487-square-foot living space, and on the West Coast, San Francisco and San Diego both had median indoor space under 1,500 square feet. “Right now, it would obviously be better to have a four bedroom, rather than, say, a studio. Especially if you have a family, the size of your home may force you to work in the same room with the children, who might be homeschooling. It isn’t ideal,” said Hopulele.

Isolation is never easy — but in some places, it’s easier than others. Only eight U.S. cities have median lot sizes with over 10,000 square feet, according to a new study by listing site Point2 Homes, a subsidiary of Yardi Systems, a Santa Barbara-based investment and property management software. “The most interestingContinue Reading

How coronavirus lockdowns have turned baking into ‘the new baseball’

Move over, baseball, there’s a new game in town. As the dangers of the coronavirus pandemic keep U.S. sports and entertainment venues shuttered and millions of Americans at home, baking is having its moment. “Baking is the new baseball,” King Arthur Flour co-CEO Karen Colberg told Yahoo Finance. ”It’s become a national pastime.”Continue Reading

FG TELLS SECURITY PERSONNEL'S TO STOP MANHANDLING CITIZENS WHO DISOBEY STAY AT HOME ORDER

The Presidential Task Force on coronavirus (COVID-19) has cautioned security agents against manhandling citizens who disobey the order to stay at home over the pandemic. Speaking at the daily media briefing of the task force in Abuja on Friday, its chairman and Secretary to Government of the Federation (SGF), BossContinue Reading

PDP CONDEMN KILLING IN WARRI BLAMES BUHARI

The reported brutalisation of Nigerians by security agents across the country has been condemned by the PDP – The party has enjoined Nigerians to hold the Buhari-led government responsible for the brutalisation and killing of a man in Warri According to Kola Ologbondiyan, security agents cannot be brutalising innocent citizensContinue Reading

ASSAULT ON EX BEAUTY QUEEN BY COMMISSIONER IS BEEN INVESTIGATED BY KOGI GOV

The Kogi State Governor, Alhaji Yahaya Bello, has ordered an accelerated investigation into the alleged battering of a beauty queen, Elizabeth Oyeniyi, in the state by the state Commissioner for Water Resources, Mr Abdumumini Danga. The commissioner allegedly assaulted, beat and raped Oyeniyi over a piece of advice to provideContinue Reading

IN THE REQUEST FOR VENTILATORS FROM AMERICAN BILLIONAIRE FG APOLOGIZE FOR BEGGING

The Federal Government has apologised for openly begging American billionaire businessman, Elon Musk, for ventilators. The President Muhammadu Buhari administration came under fire for the undignified manner it went about requesting between 100 and 500 ventilators from the United States citizen. Reacting, the Federal Ministry of Finance and National PlanningContinue Reading

COVID-19: Shoot dead anyone disobeying lockdown orders – Phillipine President tells military

Philippine President Rodrigo Duterte has instructed the country’s military to shoot dead anyone causing trouble in areas locked down due to the coronavirus pandemic. So far, Philippine has recorded 2,311 cases and reported 96 deaths forcing it into a two-week lockdown, which has resulted in protests from some quarters complainingContinue Reading

ACCESS BANK INTRODUCE A NEW SERVICE TO GIVE CUSTOMERS ACCESS TO FUNDS IN THIS COVID-19 TIMES

Access bank plc has introduced a Dual Transaction Service(DTS), an enhanced debit card service that provides access to credit at the same time. The Dual Transaction Service (DTS) is a bundled service designed to allow pre-approved customers to access a credit line through their existing debit card. Executive Director, RetailContinue Reading

NNAMDI KANU REVEALED WERE ABBA KYARI IS SECRETLY RECEIVING TREATMENT FOR COVID-19

Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, has alleged that Abba Kyari has “scampered” to Cuba for Coronavirus treatment. Kanu wondered why former Governor of Abia State, Orji Uzor Kalu and former spokesman of the Peoples Democratic Party, PDP, Olisah Metuh are in jail while Kyari, who,Continue Reading

PETROL STATIONS OBEYED RESTRICTION ORDER IN NIGER

Significant oil-based goods advertisers in Minna have joined different individuals from people, in general, to watch the stay at home check-in time forced by the state government on March 23. News Agency of Nigeria (NAN) check-in Minna on Thursday uncovers that the limitation was to help stop the spread ofContinue Reading

WHY LOCAL AIRLINES NEED GOVERNMENT’S BAILOUT: COVID-19

The well-known axiom that the eyes can’t circumvent bearing the outcomes of an unhealthy nose fits consummately into happenings in the contemporary flying industry where the coronavirus pandemic has affected adversely on the incomes of aircraft, air terminals, trip specialists, administrative, meteorological, navigational guide organizations, taxi administrators, hoteliers, providing foodContinue Reading

JAMB SUBMIT 180 CANDIDATES TO THE POLICE

The Joint Admissions and Matriculation Board (JAMB) has handed over 180 candidates in the just concluded Unified Tertiary Matriculations Examination (UTME) to the police for prosecution over alleged involvement in examination malpractices. It said 70 per cent of the candidates have been arraigned, while others are undergoing investigation. JAMB’s HeadContinue Reading

5 BILLION DONATED BY UBA TO FIGHT COVID-19

The United Bank for Africa Plc (UBA) on Thursday announced a donation of over N5 billion ($14 million) through its UBA Foundation, to catalyse a comprehensive pan-African response to fight the COVID-19 global pandemic. A statement from the bank explained that the donation would provide significant and much-needed support toContinue Reading

 ‘YAHOO BOY” SENTENCE TO 1 YEAR IMPRISONMENT BY COURT, ORDERS FORFEITURE OF N340, 000 TO FG

The Federal High Court in Kaduna State on Thursday condemned Obi Sobenna, a web fraudster to one-year detainment and requested him to relinquish N340, 000 to the Federal Government. Justice Z.B. Abubakar, condemned Sobenna after he conceded to web extortion and acquiring cash by misrepresentations. Justice Abubakar anyway gave SobennaContinue Reading

Rivers State has recorded its first case of Covid-19, bringing the total number of confirmed cases in the country to 51, the Nigeria Centre for Disease Control (NCDC) has said. Dr Chikwe Ihekweazu, Director General of NCDC, made this known in an interview with the News Agency of Nigeria(NAN), on Thursday in Abuja, while giving an update on the COVID-19 infections. Ihekweazu said NCDC on Wednesday reported five new cases of coronavirus, with two cases each in Abuja and Lagos, and one in Rivers. The NCDC said out of the five new cases, three are returning travellers into Nigeria and two are close contacts of a confirmed case. “As at 11:25 pm March 25, there are, 51 confirmed cases, two discharge and one death,” he said. He classified the cases as 48 active cases, two recovered and discharged and one death. The death was a Nigerian with an underlying health condition. Ihekeazu said that NCDC would continue to share verified updates regarding COVID-19, and the importance of practising social distancing, regularly and thorough washing of of hands with soap or alcohol based hand sanitisers. “ If you’ve travelled recently to a country with widespread transmission in the last 14 days and you’re showing symptoms of Fever, cough or breathing difficulty, please stay at home and dial the NCDC toll free number : 080097000010 “We’ve highlighted the importance of social distancing in four languages- Yoruba, Hausa, Igbo and Pidgin, all on the NCDC website. “ To reduce the spread of fake news, there’s a World Health Organisation (WHO), but that is available globally to receive live updates on COVID-19 on your WhatsApp. “Please share this with friends and family, lets all do what we can to stay safe during this period. We can get through this, if we #TakeResponsibility, stay at home and reduce the spread of fake news,” he advocated. NAN, reports that as the COVID1-19 pandemic grows, health officials continue to monitor the number of confirmed cases. Globally there are 468,156 cases and 21,180 deaths from COVID-19 outbreaks. COVID-19 has affected 198 countries and territories around the world

There is this mentality of survival that resides with the Igbo man. Some call it the Igbo man’s spirit. This is the spirit that assures the Igbo man that he will overcome every situation he is facing and turn them into possibilities. Where people see stumbling block, the Igbo manContinue Reading