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?
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Share to Twitter Share to Linkedin ExxonMobil (XOM) broke out above its 50-day simple moving average as 2022 began. This happened after the stock was below its 200-day simple moving average on December 20, 2021. The December low was $57.96, and the rally high was $105.57 on June 8, 2022. Nymex Crude Oil traded as low as $62.43 per barrel on December 2, 2021 and as high as $130.50 on March 7, 2020. It’s been in a trading range since then with the low end at $93.53 set on March 15, 2022. Oil has been trading around its 50-day SMA since April 1 with the average now at $110.23. Exxon’s 50-day SMA is $91.40 with Tuesday’s close at $91.50. Exxon has a p/e ratio of 13.09% with a dividend yield on 3.95%, according to Macrotrends. As on June 27 the dividend payout was $3.52. The oil giant had beaten earnings-per-share estimates in six consecutive quarters but missed slightly when they reported before the open on April 29. The Daily Chart for ExxonMobil … [Read more...] about ExxonMobil Is Holding Gains As Crude Oil Rallies. Here’s How To Trade The Stock.
Every year, top financial firms attract thousands of applicants for internship roles. In early 2022, Goldman Sachs reported 236,000 intern applications, a record for the company. With an acceptance rate of just 1.5%, the company accepted 2,900 globally in 2021. For those pursuing a career in finance, an internship at the top banking and investment firms is highly competitive given the opportunity to break into a high-paying field. While interns at top firms can earn over $80,000 on a prorated basis over a 10-week period, landing a job as a full-time junior banker can pay up to $150,000 in the first year. Key Takeaways The most prestigious finance internships attract thousands of applicants annually. Many have low acceptance rates, with some hovering close to 1%. Duties performed across finance internships include financial modeling, research, and company analysis. They may also include mentorship opportunities and networking events. While some finance internships … [Read more...] about Most Prestigious Finance Internships
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?
- A + A HONG KONG/LONDON/BENGALURU (June 29): The latest easing of coronavirus travel rules combined with other encouraging policy signals have began luring some foreign investors back to Chinese stocks, raising the chances that the market can sustain its bounce after months of heavy selling. As the S&P 500 is about to close its worst first half of any year since 1970 and bonds have taken a thrashing, China's beaten-down equity markets start looking like a shelter from a global storm of runaway inflation, interest rate hikes, and recession fears. China's blue-chip CSI300 index is up about 20% from April lows, as is the Shanghai Composite after losses of more than 10% in the first quarter. The gains, together with the relaxation of lockdowns and signals that Beijing could ease up both on virus policies and regulatory clampdowns, have tempted money managers, who were quitting China en-masse in March, to return. Those who were on the sidelines, "have shown some … [Read more...] about Easing Covid-19 rules, growth focus aid China bulls’ cautious return
Share to Twitter Share to Linkedin One of the striking images of recent current affairs is the leaders of France, Germany and Italy in a train compartment on their way to Kiev. Trains have played an important part in the history of European wars. For instance, armistices for the first and second world wars were signed in carriages and the professionalisation of the German army officer class in the lead up to the first world war was driven by the need to rationalise complicated train timetables (it’s a long story). Emmanuel Macron’s trip to Kiev offered him a much-needed chance to clarify his stance on the war, though his return to Paris was less happy as he subsequently lost his absolute majority in parliament. My sense is that the rise of the far left and right in France is less damaging in the near term for Macron – he will likely gain support from the right ‘Les Republicans’, to the long-term benefit of Edouard Philippe perhaps. What is more interesting in … [Read more...] about Do Ukraine And Roe V. Wade Mean The End Of Democracy?
Sensex, Nifty, stock market news Benchmark stock indices lost nearly 9 percent in the first half the calendar year as Russsia’s invasion of Ukraine, inflation worries, faster policy tightening by central banks and fears of earnings downgrades spooked investors. The broader markets fared even worse. Under intense selling pressure, the Nifty Midcap 100 index fell 12 percent and the Smallcap 100 plunged 24 percent in the six months to June 30. The Nifty IT fell the most, by more than 26 percent, as fears of a recession in the US and Europe, the main markets for information technology firms, roiled their stocks. Realty was the second worst performer, down 20 percent, followed by Metal and Pharma, which fell 14 percent each. Bank, Infra, and Financial Services were also under pressure, losing 5-10 percent. "The current market scenario has played out broadly in line with our global inflections theme since mid-2021. The ferocity of the market correction since the start of 2022 … [Read more...] about Advance-decline ratio in favour of the bears in first half, 4 sectors outperform Nifty50
Stock Market Today: The Indian market ended lower after a volatile session on June 29, a day ahead of the monthly expiry with investors also nervous about monthly auto numbers and PMI data to be released later in the week. At close, the 30-pack Sensex lost 0.25 percent, or 134.31 points, to end the day at 53,027, while the broad-based Nifty ended lower by 32.95 points, or 0.21 percent, at 15,799. “Consumer confidence is declining rapidly due to the uncontrolled and constant rise in inflation as India had to bear the double whammy effect of a dampening global equity market and rising crude prices as major suppliers like Saudi are unable to boost the output in the short-term”, said Vinod Nair, Head of Research at Geojit Financial Services. The domestic market, however, was able to recover most of the losses due to a strong movement in index heavyweights, PSUs, metals and oil & gas stocks before squandering some of the gains at the end of the day due to a volatile global … [Read more...] about Taking Stock | Market ends lower in choppy session ahead of expiry, auto and PMI data
Share to Twitter Share to Linkedin With the U.S stock market experiencing its first significant correction in a couple of years, it seems like a good time to discuss some of the psychological biases that can negatively influence investor behavior: 1. Confirmation We all tend to actively seek out information that supports opinions we have already formed and to digest facts which suit our own world view. Investors commonly ignore or avoid reading critical opinions and reports about investments in which they already have large positions and seek confirmation from analysts and the media that the original decisions they made to buy and keep are still good ones. Just as great leaders will listen intently to those with whom they disagree, great investors should listen to the growling bears going in the opposite direction from the thundering herd of bulls. 2. Anchoring The price an investor initially pays for a stock can act as an unfortunate psychological … [Read more...] about An Investor’s Mind: 6 Ways It Can Block The Path To Long Term Wealth
MOSCOW (Reuters) - Russian lender VTB's VTB Factoring subsidiary and fintech company Lighthouse have executed the country's first cash-backed digital financial asset transaction, the bank said on Wednesday. In February blockchain platform Atomyze Russia was legally permitted to exchange digital assets in a country whose central bank has long voiced scepticism of cryptocurrencies, citing financial stability concerns and advocating for a complete ban on trading. Lighthouse and Russia's top lender Sberbank are the only other companies with such a licence. VTB said the transaction was similar to the issue of short-term commercial bonds. Here, the debt pool of the issuer, in this case engineering company Metrowagonmash, was tokenised on Lighthouse's platform and purchased by VTB Factoring. "In this way, the first issue and placement of digital financial assets secured by cash was made," VTB said. Ten thousand tokens were issued at a price of 500 roubles ($9.87) per token, … [Read more...] about State bank VTB, fintech firm execute Russia’s first digital asset deal