April 10, 2021

buy

Financial adviser, C-suite consultant buy priciest home sold in March

The house at 7612 Hill Drive overlooks the James River. (Photos courtesy of CVRMLS)

A local couple’s purchase of a nearly century-old house along Riverside Drive topped Richmond-area home sales last month, edging out several million-dollar deals that included a recently built modern home in Byrd Park.

Topping the list was 7612 Hill Drive, a 7,500-square-foot house on a bluff beside the river that sold March 29 for $2.15 million, below its Jan. 19 list price of $2.49 million.

The buyers are Brian and Stephanie Ford. They were represented by Paul Wierschem with Keller Williams Midlothian.

The original

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Should you buy life insurance for your children?

We all want our kids to live long, healthy lives, which is why child life insurance may not feel like a top priority. It’s worth considering, though, as it can lock in low rates and act as an investment vehicle for your children.

Learn more about this type of life insurance, and find out if it’s the right choice for your family.

What is child life insurance?

Child life insurance covers the life of a minor and is typically purchased by a parent or grandparent.

In general, these policies are whole life products — a type of permanent life insurance

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Analysts Say ‘Buy the Dip’ in These 3 Stocks

Smart stock investing shouldn’t be emotional, but investors are only human, after all, making it difficult to follow a rational trading strategy.

Investors should remember the advice of Warren Buffett: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” What Buffett is advocating is the oldest of market advice: buy low and sell high.

Taking this into consideration, we set out on our own search for compelling investment opportunities trading at a discount. Using TipRanks database, we were able to find 3 stocks that are down from their recent

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JPMorgan to Buy $410 Million Stake in Chinese Bank’s Wealth Business

JPMorgan

JPM -2.60%

Chase & Co. agreed to pay $410 million for a stake in a leading Chinese wealth-management business, as the U.S. financial industry continues to make inroads in China.

The U.S. banking giant’s asset-management arm plans to take a 10% stake in the wealth subsidiary of

China Merchants Bank.

CIHKY -3.57%

The deal, which is pending regulatory approval, marks the first time a Chinese bank has opened up its wealth-management subsidiary to a foreign strategic investor.

U.S. investment banks, asset managers and credit-card companies have long coveted a bigger presence in China but were held back for

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How to buy homeowners insurance

Homeowners insurance is essential when buying a new home and to protect your most valuable asset. It only takes a few minutes to compare rates and get the best home insurance. (iStock)

It’s a frequent question from those preparing to purchase a home: “Do I need homeowners insurance?” Buying proper homeowners insurance coverage provides financial peace of mind if an undesirable event like a fire, water leak, or burglary occurs. Accidents happen and home insurance can prevent financial disaster when substantial property damage and personal property loss take place.

The mortgage lender also requires home insurance until the

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Hedge Fund Reaches a Deal to Buy Tribune Publishing

The newspaper business has struggled for most of the 21st century as the rise of digital media has cut deeply into the revenue once generated by print advertising and newsstand sales. At the same time, Facebook and Google have grabbed a huge chunk of digital ad revenue, effectively blocking the industry from one of its traditional sources of cash.

Roughly a quarter of the newspapers in the United States, most of them weeklies, were shut down between 2004 and 2019, while about 50 percent of newspaper jobs were eliminated. Hedge funds, however, see newspapers as a potential bargain. With a

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