Personal Finance
Billionaire Texas oilman T. Boone Pickens, 89, has been involved in legendary companies such as Gulf Oil, Unocal and Phillips Petroleum. Oklahoma State University’s School of Geology and football stadium is named after him. He ran his own energy hedge fund, BP Capital Management, for 40 years. Now Pickens has an exchange-traded fund (ETF) bearing […]
Millennials will inherit more wealth than did Generation X and the Baby Boomers combined. When and what they do with all that investment capital is the big unknown, say global money managers. It will be “one of the largest intergenerational wealth transfers in history,” according to UBS Wealth Management, which manages $2.8 trillion in assets worldwide. “Those […]
What would have been a riskier investment in the past three months — cryptocurrency or a specialized exchange-traded fund (ETF)? If you’re Fidelity Investments, it’s the ETF by far. Fidelity has banned all of its clients from purchasing three so-called “fear gauge” securities. Fidelity is attempting to prevent its clients from the real risk of losing their […]
Most financial gurus who predict a prosperous American future do so for one sector such as tech or one technology like crypto, but few believe that our future as a country will be as bright as our industrial past. With the rise of China and political division at home, the United States is seen by […]
“Alexa, I have a weird mole on my arm. Is it cancer?” The founder and director of the world’s top hedge fund, Ray Dalio, said Friday that almost half of all jobs will be replaced by artificial intelligence (AI) in the next two decades, and that includes lawyers and doctors. “By in large, the world […]
Cryptocurrency experts believe that if a large and trusted retailer such as Amazon were to start accepting crypto coins, that would be a substantial and positive step toward legitimizing cryptocurrency among mainstream consumers. But what if instead of accepting crypto, Amazon decided to create their own virtual coins instead? Since the retail juggernaut has expanded […]
Mark Mobius, the industry-renowned fund manager, has announced that he will launch a new frontier markets fund. At a recent press conference held in Mumbai, Mobius announced that he would be spearheading an all new fund management company that will specialize in investing in companies in frontier and emerging financial markets Mobius’ new fund frontier […]
As short-term bond yields continue to rise, short-term bond fund ETFs may be an appropriate addition to an individual’s long-term investing strategy. Short-term bond ETFs invest primarily in investment grade corporate fixed-income investment vehicles with maturities between one and five years. In general, these ETFs are suitable for conservative investors because they are less sensitive […]
The end of 2017, just a couple of months ago, was a watershed moment for the virtual currency markets. The unprecedented appreciation of Bitcoin and other virtual currencies helped fuel the appetite for initial coin offerings, fundraising vehicles for new, untested coins. Though the direction of the cryptocurrency markets has not been influenced directly by […]
An increasing number of restaurants and retail stores in Sweden no longer accept cash payments. That has political leaders asking: What happens if money just disappears? Can an economy go completely digital and continue to operate? Most bank branches have stopped handling cash transactions, and “no cash accepted” signs have appeared at restaurants, stores and […]
