The U. The second estimate was kept unrevised at Delving into details, some upward and downward revisions to GDP components were seen in the second estimate. Government spending was also revised down a bit to 4. Meanwhile, imports were upwardly revised to Swiss Franc likely to gradually depreciate against Euro in coming months.
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We have not taken any steps to verify the accuracy, quality or reliability of any products, information or services provided by third parties that have links on our website. Seattle Slew was the most lightly raced horse in the field of 15 3-year-olds and he was spooked by the enormous crowd and commotion.
Uncharacteristically he began to sweat during the walk from the barn area to the paddock, and when the band played the traditional pre-race anthem, "My Old Kentucky Home," he became jumpy. Adding to his fans' and owners' anxiety, Slew hesitated when the starting gate opened and then swerved suddenly to the outside, throwing Cruguet off-balance.
When he regained his footing he was boxed in by other horses. He responded by barreling through the crowd, literally forcing rivals aside, and soon was running with the leader, For the Moment. As they entered the home stretch, For the Moment faded. Run Dusty Run mounted a late charge but couldn't catch Seattle Slew, who won by nearly two lengths. It was an impressive show of power after a shaky start.
It also was an emotional payoff for all the people who had guided the horse from raw colt to Derby winner. Groom John Polston b. This time Seattle Slew broke cleanly from the starting gate and quickly was running with the leading horse, Cormorant. They had an eight-length lead after half a mile. Heading into the final turn, the pace caught up with Cormorant and he began to slow.
A horse fast enough to win the Derby and Preakness might not have the endurance to win at the longer distance. When Secretariat did it, taking the Belmont by an astounding 31 lengths, he became the first Triple Crown winner in 25 years and only the ninth ever.
Twenty-three times as of a horse has won the first two races but failed in the Belmont. A crowd of 71,, second-biggest in the event's year history, gathered at Belmont. The track was sloppy after a hard rain. Seattle Slew was late in arriving from the barn area because parked cars blocked the normal route. When he reached the paddock area, a big cheer arose from the crowd and he began to sweat, although otherwise seemed calm.
And he ran that way. He led all the way, enough so that as he neared the finish line Cruguet broke precedent. Knowing he would win, the jubilant jockey stood up in the stirrups with about 20 yards to go and raised his right arm in triumph, a move that would become customary in comfortable big-race victories. This was certainly one of the biggest. Seattle Slew finished four lengths ahead of runner-up Run Dusty Run to win the Triple Crown with a perfect record of nine victories in nine starts.
Affirmed won the Crown the following year, but for 37 years no other horse managed to do so. Not until , when American Pharoah claimed it, did a 12th horse win the Triple Crown. Three years later, in , Justify became the 13th Triple Crown winner and, with a career record of six wins and no losses, the first to match Seattle Slew's feat of winning the Crown with an undefeated record.
But after the big race, Hill and Taylor told some writers about the Wooden Horse partnership. Racing officials in Kentucky asked for more information about the ownership arrangement and were satisfied. After the Preakness, the New York State Racing and Wagering Board weighed in, citing a rule against hidden ownership and saying Hill could not practice veterinary medicine in New York as long as he had horses racing there.
He maintained he had done nothing unethical and that he did not officially own stock in Wooden Horse until June of that year. The board gave Hill and Seattle Slew day suspensions, but the punishment was postponed until two and a half months after the Belmont. It was just three weeks after the Belmont, and in the interim Slew was tranquilized three times to be photographed for an advertising campaign for a horse X-ray machine. He was tranquilized a fourth time to fly to California.
The Triple Crown winner was a betting favorite, but he proved no match that day for J. Tobin, a highly regarded 3-year-old who had skipped the Belmont. Tobin won by eight lengths. Slew finished fourth, the only time in his race career that he would lose by more than a neck. From Hollywood, Seattle Slew headed north toward his namesake city.
On July 8 and 9, , he made benefit appearances at Longacres, a Renton track that closed in , where he paraded and galloped between races. Commemorative tickets were printed for the "Golden Gallop. Attendance for the two-day appearance was 21,, far below what was expected, perhaps because the Triple Crown winner had been beaten for the first time just days earlier. Still, the media and trackside crowd were excited to see him.
The Taylors, Hills, and Turner all were at Longacres. Sally Hill talked about Slew's popularity: "The magic thing is that he has become the people's horse Maybe that's because he was purchased at a reasonable figure. We didn't pay a fortune for him. We just went and bought him at public auction. I guess people relate to that" "People's Horse".
Seattle Slew developed respiratory problems in the fall and didn't race again as a 3-year-old. He still won Eclipse Awards as Horse of the Year and champion 3-year-old colt. Even so, Turner was on his way out as Slew's trainer. He and the owners had disagreed several times during the year, especially over the decision to race the horse in California so soon after the Belmont.
As Slew was about to be shipped to Florida for winter racing, the owners replaced Turner with Doug Peterson It was a controversial move, Turner having successfully orchestrated the Triple Crown campaign. The owners said they wanted a trainer who would work exclusively for them -- unlike Turner, who also trained horses for other owners. Years later Mickey Taylor added that the decision was partly due to Turner's drinking, something Turner acknowledged.
He continued training horses, although he took a break in the early s to check himself into a rehab center. A serious viral infection kept Seattle Slew from racing during the winter season. Mickey Taylor was syndicate manager. The owners could have put Slew out to stud then, but Taylor said he didn't want to deprive the public of the sport's biggest star: "Racing has been good to us. We would like to do something good for racing" Washington Thoroughbred , May Seattle Slew raced seven times as a four-year-old.
Two of those races were especially noteworthy. It also was Slew's first race with a different jockey. His replacement was the winning rider in that race, Angel Cordero Jr. Although Affirmed was the newer star and a slight betting favorite in the Marlboro Stakes, Seattle Slew took an early lead and held it all the way, winning by two lengths. When an investment vehicle offers a high rate of return in a short period of time, investors know this means the investment is risky.
Make no mistake, there is no guaranteed way to double your money with any investment. But there are plenty of examples of investments that doubled or more in a short period of time. For every one of these, there are hundreds that have failed, so the onus is on the buyer to beware. This is definitely not a short term strategy, but it is tried and true. By dividing 72 by the annual rate of return , investors obtain a rough estimate of how many years it will take for the initial investment to duplicate itself.
If you have the time, the magic of compound interest and the Rule of 72 is the surest way to double your money. Options offer high rewards for investors trying to time the market. An investor who purchases options may purchase a stock or commodity equity at a specified price within a future date range.
If the price of a security turns out to be not as desirable during the future dates as the investor originally predicted, the investor does not have to purchase or sell the option security. This form of investment is especially risky because it places time requirements on the purchase or sale of securities.
Professional investors often discourage the practice of timing the market and this is why options can be dangerous or rewarding. If you want to learn more about how options work, read our tutorial or sign up for our Options for Beginners course on the Investopedia Academy. Some initial public offerings IPOs , such as Snapchat's in mid, attract a lot of attention that can skew valuations and the judgments professionals offer on short-term returns. On the other hand, Twilio Inc. IPOs are risky because despite the efforts make by the company to disclose information to the public to obtain the green light on the IPO by the SEC, there is still a high degree of uncertainty as to whether a company's management will perform the necessary duties to propel the company forward.
The future of startups seeking investment from venture capitalists is particularly unstable and uncertain. Many startups fail, but a few gems are able to offer high-demand products and services that the public wants and needs. Even if a startup's product is desirable, poor management, poor marketing efforts, and even a bad location can deter the success of a new company.
Part of the risk of venture capital is the low transparency in management's perceived ability to carry out the necessary functions to support the business. Many startups are fueled by great ideas by people who are not business-minded.
Venture capital investors need to do additional research to securely assess the viability of a brand new company. Venture capital investments usually have very high minimums, which can be a challenge for some investors. If you are considering putting your money into a venture capital fund or investment, make sure to do your due diligence.
A country experiencing a growing economy can be an ideal investment opportunity. Investors can buy government bonds, stocks or sectors with that country experiencing hyper-growth or ETFs that represent a growing sector of stocks. Such was the case with China from The greatest risk of emerging markets is that the period of extreme growth may last for a shorter amount of time than investors estimate, leading to discouraging performance. The political environment in countries experiencing economic booms can change suddenly and modify the economy that previously supported growth and innovation.
Real estate investment trusts REITs offer investors high dividends in exchange for tax breaks from the government. Due to the underlying interest in real estate ventures, REITs are prone to swings based on developments in an overall economy, levels of interest rates and the current state of the real estate market, which is known to flourish or experience depression.
The highly fluctuating nature of the real estate market causes REITs to be risky investments. Although the potential dividends from REITs can be high, there is also pronounced risk on the initial principal investment. While these investment choices can provide lucrative returns, they are marred by different types of risks.
Whether issued by a foreign government or high-debt company, high yield bonds can offer investors outrageous returns in exchange for the potential loss of principal. These instruments can be particularly attractive when compared to the current bonds offered by a government in a low-interest-rate environment. However, not all high yield bonds fail, and this is why these bonds can potentially be lucrative.
Currency trading and investing may be best left to the professionals, as quick-paced changes in exchange rates offer a high-risk environment to sentimental traders and investors. Those investors who can handle the added pressures of currency trading should seek out the patterns of specific currencies before investing to curtail added risks.
Currency markets are linked to one another and it is a common practice to short one currency while going long on another to protect investments from additional losses. However, there are lots of options when it comes to a strategy with short-term investing.
So, what are your options for short-term investing, and what are the best short-term investments to maximize profits and minimize risk? A Certificate of Deposit or CD is a great investment option for a short-term strategy. Offered by banks, CDs are deposits that banks pay a higher interest rate because they are locked in for a longer period of time.
If you've got limited time, three years is a solid option, but remember - the longer the investment, the higher the yield, so you may want to opt for a five-year option. And while you may be able to receive monthly interest payments if you like, many investors choose to wait until their CDs have matured and cash in on the amassed interest at the end.
However, as a disclaimer, most CDs will penalize you for withdrawing your funds before maturity usually in an amount equal to about three months of interest or so, but the fee varies depending on the bank , so you should really let your CD be until it matures if you want the full benefits of the investment.
As a refresher, treasury securities are bonds issued by the U. Treasury and backed by the government's credit - and the range of treasury products is pretty extensive. While you can invest in a variety of treasuries including treasury notes, treasury bills, floating-rate notes FRNs and more, a popular option for short term investments are treasury inflation-protected securities TIPS.
So, the underlying value rises with inflation. However, once the TIPS matures, you will get either the adjusted amount or the original investment - whichever is larger, so deflation won't hurt your investment. Typically, TIPS has a return of between 0. The idea behind the TIPS is that your end investment will be worth the amount of your original investment plus the interest you've accrued.
And, your investment is protected from changes in inflation. But even though they've declined a bit in popularity in recent years, rewards checking accounts are still a good way to earn a bit in a short-term capacity. If you've got a shorter timeline around two years or so , bond funds could be a great option. Managed by professional financial advisers , bond funds are often a higher yield although sometimes riskier investment than money markets. So, if you're looking for a high-yield short term investment, bonds may just be the right fit.
Still, make sure to pick a bond fund with low fees. Unfortunately due to the nature of the market, your investment is not guaranteed. Still, there are no penalties for withdrawing your money early which could be a huge plus for some investors. Municipal bonds are a bit riskier than TIPS or other kinds of bonds, but there's pretty high yield potential.
Municipal bonds are issued by local, state or government agencies not the federal government. As a plus, municipal bonds are often exempt from interest tax. Still, if you hold on to your bond until its maturity, you can get your whole investment plus the interest back. Almost like getting a credit card , borrowers are rated by their creditworthiness, which can help minimize risk when lending to someone with a higher degree of creditworthiness.
While the interest will vary depending on the borrower's creditworthiness for Lending Club, those who rank as "A" are 4. These FDIC-backed accounts allow investors to invest their money, earn a higher interest rate than a savings account, and protect their money in the meantime.
However, money market mutual funds are not FDIC-insured, so it is important to note the difference. Money market accounts act in a similar fashion to regular accounts in that you can often write checks or use a debit card for your account although you may be limited in how many times you can use it.
While perhaps not a traditional investment vehicle, Roth IRAs are actually similar to many of the other short-term investment strategies in that you can withdraw funds at any point without penalty. Because the Roth IRA is post-tax meaning your contributions are taxed before they're invested , you can withdraw them without having to pay taxes or penalties.
Additionally, Roth IRAs can be good short-term investment options because you can often invest in higher return options like ETFs and mutual funds. This is a great option for a quick, high return on investment read: double-digit returns. While your coupon payments are completely predictable and secure, the face value of your bonds will rise and fall over time based on the prevailing interest rates, stock market performance and any number of other factors. The bottom line: TIPS offer lower yields, but the principle will increase or decrease in value based on the prevailing inflation rates while you hold the bond.
Remember that money is naturally, gradually losing buying power. So while you might face almost no risk of losing money in real terms with a treasury, you do face the risk that inflation will increase and make the value of that money lower, relatively speaking. Here, your interest payments are going to be considerably lower than what you would earn on a normal treasury of the same length. The bottom line: These debts issued by state and local governments are a little riskier than treasuries, but come with the bonus of being untaxed at the federal level.
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Lakeside and riverfront homes are attractive to many as are planned developments in the suburbs. Thank you to everyone who came out to either participate or support triathletes in the Seventh Annual TriWaco Triathlon, which started with a meter open water swim in the Brazos River no wetsuits followed by a mostly flat and fast mile bike ride on country roads north and west of Waco.
The race finished out with a hilly kilometer run along the Brazos River that lead to the oldest suspension bridge in the United States. The Sprint distance event included a meter swim in the Brazos River, a mile bike ride along the same country roads and a 5-kilometer run finishing on the suspension bridge.
We look forward to seeing you in ! They said they were enjoying the wide-open space the area offered as they settled in for the live music and the H-E-B Fireworks Extravaganza that evening. Active Waco listings on Realtor. Dallas comes in second, at page views per active listing. To put that in perspective, the national average is 73 page views per active listing. No other Texas market made the top The Waco Region includes McLennan and six contiguous counties.
For a map of Waco, please click here. All Information believed to be reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Waco, TX MLS nor Kelly Realtors shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.
Wednesday, February 10 pm in Waco, TX. Our all new online experience with all the latest listings in our area. About Us Watch. This is where we live. Agent Recommendation. Company Recommendation. More Reviews for Edwin Diaz. For Sale. View All Kelly, Realtors Listings. More Blog Posts. Walk to End Alzheimer's Walk to End Alzheimer's Held in more than communities, Walk to End Alzheimer's is the largest event to raise awareness and funds for Alzheimer's care, support and research.
Read More. Waco has been named the No. Listen to what our customers and clients have to say Kelly, Realtors has been a member of Leading Real Estate Companies of the World for over 20 years. Welcome to Waco Video When in Waco, you'll discover a wide range of attractions, from outdoor concerts along the Brazos River and hiking trails to art shows and museums.
Great opportunity for everyone to see many of the latest home improvement ideas and of course great opportunity to visit with Kelly, Realtors at booth Read More. Discover Waco Deep in the heart of Texas, Waco is perfectly located within a minute drive of Dallas, Fort Worth and Austin for weekend trips out of town or transporting products to a diverse clientele.
TRI WACO Thank you to everyone who came out to either participate or support triathletes in the Seventh Annual TriWaco Triathlon, which started with a meter open water swim in the Brazos River no wetsuits followed by a mostly flat and fast mile bike ride on country roads north and west of Waco. No other Texas market made the top 20 Read More. Cross the Beds : 4 Baths : 3.
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