Share to Twitter Share to Linkedin Topline MicroStrategy, the data analytics firm helmed by staunch bitcoin bull and former billionaire Michael Saylor, disclosed its first batch of bitcoin purchases since the beginning of the cryptocurrency market's intense sell-off over the past two months, revealing it has yet again doubled down on its commitment to the world's largest cryptocurrency despite investor concern over its position amid the steep drop in prices. Key Facts In a regulatory filing on Thursday, Virginia-based MicroStrategy, which owns more bitcoin than any other corporation in the world, disclosed it purchased approximately 480 bitcoins for $10 million in cash, or $20,817 per coin, between May 3 and Tuesday. The company, which started buying cryptocurrency for its balance sheet in August 2020, says it now holds approximately 129,699 bitcoins, purchased for nearly $4 billion, or an average price of $30,664 per coin—implying the firm's … [Read more...] about Saylor’s MicroStrategy Bought Another $10 Million In Bitcoin As Crypto Markets Lost $900 Billion In Value
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Share to Twitter Share to Linkedin It's almost impossible to read anything about the financial markets these days without reading how inflation is weighing on the global economy and markets. The skyrocketing inflation has made it more important than ever to invest with macro conditions in mind. Some may consider Stan Druckenmiller to be one of the greatest macro investors of all time. At the Sohn Investment Conference last week, Stan Druckenmiller of Duquesne Family Office shared the strategy he once used to outperform others significantly during rampant inflation. He also talked about what he's doing now to deal with the current inflationary period. The stock market as a signal for economic conditions Historically, Druckenmiller has often used stock market conditions as signals for what's about to happen in the economy. He explained that he doesn't use the types of signals traditional economists use to predict the economy, like employment, macro … [Read more...] about Here’s How Stan Druckenmiller’s Strategy For Investing In Bear Markets Has Changed
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) A growing number of investors have come to the conclusion that a recession in the United States is probably looming, fueling a sharp sell-off in stocks and bonds as Wall Street braces for impact. What's happening: A shallow recession late this year or early next year is "becoming the consensus view," David Bianco, DWS chief investment officer for the Americas, told reporters this week. While there's agreement that the Federal Reserve needs to continue to aggressively pull back support for the economy to tamp down decades-high inflation, traders have been increasingly concerned that the central bank could accidentally go too far, triggering a new wave of job losses and throwing growth into reverse. But Fed officials … [Read more...] about Who’s right about a recession — markets or the Fed?
Share to Twitter Share to Linkedin Sir John Templeton was a twentieth century American-born British investor, banker and fund manager. He entered the mutual fund market and created the Templeton Growth Fund, which averaged growth over 15% per year for 38 years. He once said, “To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude.” Warren Buffett also once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.” Easier said than done, I hear you say. How do you keep your head around you when everyone is losing theirs? Thinking contrarian has always been a great strategy and one which I have employed extensively over the years. Naturally, to be honest. Thinking differently to the crowd requires patience, discipline, and very little emotion. These are traits that sometimes have to be wired (or indeed forced) into your brain. Especially when you … [Read more...] about Crashing Stock Markets Can Provide Opportunity For Longer Term Gains. But Do You Have The Stomach For It?
Share to Twitter Share to Linkedin January has generally not been kind to investors. Many countries and sectors have lost money for 2022, despite a mild rally very late in the month. Of course, there are exceptions such as energy-related stocks and the Brazilian stock market, but many stocks, countries and sectors are in the red. The market decline has been broad with many fixed income and commodity investments losing money too. Perhaps, in part, because the Fed has signaled plans raise rates relatively aggressively in 2022, with rates expected to increase in March and maybe continue on up for much of 2022. Yet, we are just one month into the year, and though down, many markets aren’t in correction territory currently. Tech Selloff Tech has been among the hardest hit sectors. In tech profits for many firms are expected to come further in the future, rising rates suggests the value of those potential profits may be less in today’s money . For example … [Read more...] about January Shows A Tale Of Two Markets As Tech Gets Hit
- A + A LONDON (June 29): Amazon.com Inc’s cloud-storage business is on a clear path toward a US$3 trillion value, almost triple what the whole company is worth now in the stock market, according to a Redburn Ltd analyst. The unit, Amazon Web Services, is so powerful that the company may decide at some point to split it off from the massive, slower-growing online retail operation, analyst Alex Haissl wrote in a 128-page report initiating coverage of the cloud-computing industry. He didn’t say when the US$3 trillion value may be achieved. “Separating AWS may not be on the table for now, but if the performance gap versus the non-AWS parts continues to widen, it could be on the table further down the road,” wrote Haissl, a former head of automotive research at Berenberg and Credit Suisse Group AG who began his career as a police officer in Vienna. Haissl recommends buying Amazon shares and sees the stock reaching US$270 in the next year, the highest target on … [Read more...] about Amazon cloud unit on course for US$3 tril value, Redburn says
- A + A KUALA LUMPUR (March 16): Petronas Dagangan Bhd and Petronas Chemicals Group Bhd say the fire incident that occurred within the Pengerang Refinery Complex last night has had no impact on their businesses. "We refer to the fire incident that occurred within the Pengerang Refinery Complex on 15 March 2020 at 10:39 pm. The said incident has no financial or operational impact to our current business," said PetDag in a brief stock exchange filing tonight. Similarly, PetChem said: "We wish to inform that at this juncture PetChem’s current operations and business are not impacted by this incident." The fire and explosion occurred at one of the facilities owned by Pengerang Refining and Petrochemical (PRefChem). In a statement earlier today, PRefChem said the incident occurred at the Diesel Hydro Treating Unit (DHT) within the Pengerang Refinery Complex at 10.39pm last night, and that five people were killed while one managed to escape unhurt. This is the second … [Read more...] about PetDag, PetChem say their businesses not affected by fire at Pengerang Refinery Complex
One of the reasons I'm so passionate about entrepreneurship is that it allows anyone to chart their own destiny. If you have a good idea and the willingness to pursue it, you're on your way to supporting yourself and adding value to our economy. Which is why, as my company gathered stories from LGBTQ+ entrepreneurs for Pride Month, I was happy to hear that the spirit of self-determination is alive and well. "Ever since I was a child, I've always wanted to be my own boss," says RJ Silver, owner of Sad Boy Designs. "The only thing that ever struck my interest was art, and I wanted to find the best way to display my talents. Today, I'm a graphic designer, and I create multiple things ranging from small keychains to large car decals." We need more, not less, of stories like this. That's one reason Hello Alice regularly surveys the more than 800,000 small business owners on our platform to understand their quantitative and qualitative experiences and advance targeted … [Read more...] about 4 Challenges–and Triumphs–of LGBTQ+ Entrepreneurs in 2022
The Supreme Court is expected to issue a ruling this month that could curtail the Biden administration's efforts to rein in greenhouse gases, and its impact could weaken the federal government's power to oversee wide swaths of American life well beyond climate change. The upcoming decision on the Environmental Protection Agency's (EPA) climate oversight in a case officially known as West Virginia v. The Environmental Protection Agency, could provide conservative justices on the nation's highest court an opportunity to undermine federal regulations on a number of issues, ranging from limiting greenhouse emissions, drug pricing, financial regulations and net neutrality. At the root of the case, critics of federal government oversight, including 27 Republican state Attorneys Generals and critics of the EPA, who say that it is "unlawful for federal agencies under the president's supervision to make major decisions about industry regulations without clear authorization from Congress." … [Read more...] about Sustainable Investing From The Advisor’s Perspective
Share to Twitter Share to Linkedin You’ve maxed out your 401k - now what? Current ﬁgures indicate that just 12% of Americans max out their 401k 1 , but if you’re anything like the people I speak to on a daily basis, you already are and you're wondering what's next. In 2022 the 401k limit increased to $20,500, and here's the truth of the matter: if you're used to making a six or seven ﬁgure income and living an abundant lifestyle, that’s not that much money to save annually for retirement. In addition to this volume concern imposed by the IRS contribution limit, inﬂation has also been on the rise, up from 3% to 6.8% in 2021. So having $3 million dollars in your 401k at retirement might seem ﬁne today (and normally achievable if you max out your 401k for 30 years with an average S&P return), but 30 years from now it’s going to buy a lot less than it can today. If inﬂation averages just 4.97% per year, in 30 years from now $3,000,000 would … [Read more...] about You’ve Maxed Out Your 401k – Now What?