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TRADING NEWS UK

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Trading News UK

Trading News For Traders & Investors

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TRADING NEWS FOR TRADERS & INVESTORS

Welcome to the trading news website where you can get the latest stock market,
investment, Forex, and Crypto Currency news plus financial advice and tips from
the best websites online including the Financial
Times, Bloomberg, Forbes, Reuters, Forex Live, Daily FX, Crypto News, Coin
Desk and many more websites.

In an ever-evolving global economy, staying ahead of the curve is essential.
This website is designed to provide you with timely, and comprehensive coverage
of the latest market trends, breaking news, and insightful analysis from the
best websites. Whether you are an experienced trader, a seasoned investor, or
just beginning your financial journey, our goal is to provide you with access to
the information you need all from one easy-to-use website. We hope you find this
website useful if you have any questions, suggestions or feedback Contact Us


NORWEGIAN AIR TO BUY REGIONAL PEER WIDEROE FOR $106 MILLION



INVESTING

Investing22m ago

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KEY WORDS: BLACKROCK CEO LARRY FINK COMPARES BITCOIN TO DIGITAL GOLD AS ETF
APPLICATIONS AT SEC STACK UP




BlackRock Chairman and CEO Larry Fink sounds more enthusiastic about bitcoin now
that his firm is seeking regulatory approval for a spot bitcoin ETF.


MARKET WATCH

Market Watch1h ago

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: MEDMEN APPOINTS ELLEN DEUTSCH AS CEO




MedMen Enterprises Inc. CA:MMEN, the struggling U.S. cannabis retailer, on
Wednesday appointed Ellen Deutsch as its new chief executive, and said Amit
Pandey would become its new chief financial officer on July 24. Deutsch succeeds
interim chief executive...

MARKET WATCH MARKET PULSE

market Watch Market Pulse12h ago

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NETFLIX HITS HIGHEST LEVEL IN 17 MONTHS. HERE'S WHAT THE PROS ARE SAYING




Pros on CNBC discussed Netflix after the stock reached its highest level since
February 2022 following an upgrade from Goldman Sachs.


CNBC INVESTMENT NEWS

CNBC Investment News12h ago

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ADVISOR SATISFACTION WITH FIRMS HINGES ON TIME SPENT WITH CLIENTS: J.D. POWER




Despite a decade of firms investing in technology to automate back-office busy
work, many financial advisors feel as if they still don’t have enough time to
spend with clients.





In a survey of 4,183 employee and independent financial advisors by J.D...

INVESTMENT NEWS

Investment News12h ago

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: FED’S WILLIAMS: ‘I AGREE WE HAVE MORE WORK TO DO’




This is a Real-time headline. These are breaking news, delivered the minute it
happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote
page for more information about this breaking news.


MARKET WATCH HEADLINES

Market Watch HeadLines12h ago

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FIDELITY CASH MANAGEMENT ACCOUNT (CMA) REVIEW




If you need a traditional checking account or want to earn the most interest
possible, this account isn’t what you’re looking for. But the Fidelity Cash
Management account is an ideal place to park large amounts of cash. And for
some, it may have enough...

MONEY CRASHERS

money crashersJuly 3

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THOMSON REUTERS SECOND-QUARTER 2023 EARNINGS ANNOUNCEMENT AND WEBCAST SCHEDULED
FOR AUGUST 2, 2023




Conference call and webcast scheduled for 8:30 a.m. EDT TORONTO , June 29, 2023
/PRNewswire/ -- Thomson Reuters (NYSE, TSX: TRI) announced today its
second-quarter 2023 earnings will be issued via news release on Wednesday,
August 2, 2023 .     Steve Hasker...

REUTERS NEWS

Reuters NewsJune 29

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WHAT IS DOGECOIN?




















AS THE VERY FIRST MEME COIN, DOGECOIN WAS CREATED WAY BACK IN 2013 AS A
COMMUNITY-BASED ALTERNATIVE TO INDUSTRY GIANT BITCOIN. ONE OF THE CORE IDEAS
BEHIND THIS CRYPTO WAS TO KEEP THINGS SIMPLE...

WALL STREET SURVIVOR

wall street survivorJune 13

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RETIREMENT CONTRIBUTION LIMITS WILL RISE IN 2019




Good news retirement savers: The Internal Revenue Service announced cost of
living increases to the contribution limits for retirement-related plans in
2019.


CNN

CNNNov 1, 2018

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EUROPEAN SHARES DROP AS RATE HIKE JITTERS WEIGH; EMBRACER SLIPS



INVESTING

Investing27m ago

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: THE STUNNING GAP BETWEEN HOW MUCH AMERICANS EARN AND HOW MUCH THEY NEED TO
FEEL ‘FINANCIALLY SECURE’




High inflation, interest rates and housing costs are making Americans feel
financially insecure, a new Bankrate survey found.


MARKET WATCH

Market Watch5h ago

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: BANK OF AMERICA PLANS 9% DIVIDEND INCREASE




Bank of America Corp. BAC said Wednesday that it plans to increase its dividend
to 24 cents a share, from 22 cents a share, beginning in the third quarter.
That’s subject to board approval, the bank said. Bank of America also reiterated
that it continues a “dialogue” with the Federal...

MARKET WATCH MARKET PULSE

market Watch Market Pulse12h ago

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: FED WILLIAMS SAYS SOME OF THE LAG FROM PAST RATE HIKES CAN BE FELT AFTER ‘A
YEAR OR TWO’




This is a Real-time headline. These are breaking news, delivered the minute it
happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote
page for more information about this breaking news.


MARKET WATCH HEADLINES

Market Watch HeadLines13h ago

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401(K) LAWSUIT OVER ESG IS A SIGN OF THE TIMES




The first lawsuit over ESG in a 401(k) has officially been filed.





In the highly litigious realm of employer-sponsored retirement plans, where
copycats have been riding lawyer Jerry Schlichter’s coattails to settlements and
big paydays for the better...

INVESTMENT NEWS

Investment News13h ago

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THESE S&P 500 STOCKS ARE TRADING AT A DISCOUNT AS THE SECOND HALF GETS UNDER WAY




The S&P 500 surged more than 15% to start the year, marking its biggest
first-half gain since 2019 — when it jumped more than 17%.


CNBC INVESTMENT NEWS

CNBC Investment News15h ago

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TRADESTATION REVIEW — AN ADVANCED PLATFORM FOR SEASONED TRADERS




TradeStation offers a high-end trading experience for seasoned traders, with no
trading commissions, unique asset types, advanced research tools, and robust
platforms. Despite its power, it might not be the best choice for beginners or
passive investors.


...

MONEY CRASHERS

money crashersJuly 3

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THOMSON REUTERS SIGNS DEFINITIVE AGREEMENT TO ACQUIRE IMAGEN LTD.




NEW YORK , June 28, 2023 /PRNewswire/ -- Thomson Reuters Signs Definitive
Agreement to Acquire Imagen Ltd.     Thomson Reuters (NYSE/TSX: TRI), a global
content and technology company, announced today that it has signed a
definitive...

REUTERS NEWS

Reuters NewsJune 28

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BEST STOCKS TO BUY NOW: JUNE, 2023









If you want to know what the best stocks to buy now are….





If you want to know which stocks are likely to go up this week….





After 40 years of investing experience, I hate to burst your bubble but, I don’t
think anybody really knows.





I am pretty sure that...

WALL STREET SURVIVOR

wall street survivorMay 26

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HEDGE FUND VERITION JOINS RUSH TO DUBAI FINANCIAL HUB



INVESTING

Investing42m ago

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: THREADS DEBUTS TO CRUSH OF USERS AND A QUESTION: HOW DO I IMPORT FOLLOWERS
FROM TWITTER?




Albeit slow under a crush of curious digital onlookers, Meta Platforms Inc.'s
new app instantly created a buzz.


MARKET WATCH

Market Watch6h ago

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: EXXON STOCK DROPS AFTER ENERGY GIANT SAYS THAT NAT GAS PRICES LIKELY TO BE A
DRAG ON Q2 PROFITS




Exxon Mobil Corp. XOM said late Wednesday it expects lower natural-gas prices to
dial down its second-quarter profits for its upstream, or exploration and
production, business. Changes in gas prices are expected to shave off between
$2.2 billion and $1.8 billion from the...

MARKET WATCH MARKET PULSE

market Watch Market Pulse12h ago

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: S&P 500, NASDAQ COMPOSITE END 0.2% LOWER




This is a Real-time headline. These are breaking news, delivered the minute it
happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote
page for more information about this breaking news.


MARKET WATCH HEADLINES

Market Watch HeadLines13h ago

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HOW TO FIRE PROBLEM CLIENTS




Breaking up is hard to do. And it’s even harder for financial advisors who feel
the need to cut ties with an active client.





As any advisor will quickly admit, it’s not easy landing a new client. Most
investors of means are already spoken for and the mere idea of...

INVESTMENT NEWS

Investment News13h ago

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THESE ENERGY INVESTMENTS SPIN OUT ATTRACTIVE INCOME, EVEN AS OIL PRICES HAVE
FALLEN




Energy has fallen from its 2022 superstar status, but income-focused investors
may still find some opportunities in the space.


CNBC INVESTMENT NEWS

CNBC Investment News15h ago

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CAN ANYTHING POP THE EVERYTHING BUBBLE?




Risky assets are proving extraordinarily resilient to threats


ECONOMIST

EconomistYesterday

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TASTYTRADE REVIEW — AN ONLINE PLATFORM FOR ACTIVE TRADERS




Tastytrade is an excellent online brokerage for experienced, active traders,
though its lack of support or education makes it inappropriate for everyone
else. But even for the semi-pros, it isn’t perfect, so research it well before
making it your platform of...

MONEY CRASHERS

money crashersJune 29

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THOMSON REUTERS CORPORATION SIGNS DEFINITIVE AGREEMENT TO ACQUIRE CASETEXT




TORONTO , June 26, 2023 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson
Reuters") (NYSE / TSX: TRI), a global content and technology company, today
announced it has signed a definitive agreement to acquire Casetext, a
California...

REUTERS NEWS

Reuters NewsJune 27

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REMITLY REVIEW: IS REMITLY THE BEST WAY TO SEND MONEY?




Sending money internationally can be a challenge.





Currency exchange rates, delivery difficulties, service fees, regulatory
requirements, and other burdens can make it extraordinarily difficult to send
even a nominal...

WALL STREET SURVIVOR

wall street survivorMay 25

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EXCLUSIVE - RAIFFEISEN DELAYS QUITTING RUSSIA AS AUSTRIA DEFENDS TIES - SOURCES



INVESTING

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Show more



Trading News UK For Traders And Investors

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 * rss
   
   
   
   Investing
   
   NORWEGIAN AIR TO BUY REGIONAL PEER WIDEROE FOR $106 MILLION
   
   22M AGO
   
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 * rss
   
   
   
   Market Watch
   
   KEY WORDS: BLACKROCK CEO LARRY FINK COMPARES BITCOIN TO DIGITAL GOLD AS ETF
   APPLICATIONS AT SEC STACK UP
   
   
   BlackRock Chairman and CEO Larry Fink sounds more enthusiastic about bitcoin
   now that his firm is seeking regulatory approval for a spot bitcoin ETF.
   
   
   1H AGO
   
   View on site
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 * rss
   
   
   
   market Watch Market Pulse
   
   : MEDMEN APPOINTS ELLEN DEUTSCH AS CEO
   
   
   MedMen Enterprises Inc. CA:MMEN, the struggling U.S. cannabis retailer, on
   Wednesday appointed Ellen Deutsch as its new chief executive, and said Amit
   Pandey would become its new chief financial officer on July 24. Deutsch
   succeeds interim chief executive Edward Record, who will keep serving as a
   non-executive member of MedMen’s board, the company said. A 20-year veteran
   of Hain Celestial Group Inc. HAIN, Deutsch most recently worked as senior
   vice president of market development and shared services at the cannabis
   company Acreage Holdings Inc. ACRHF. The announcements come after MedMen’s
   prior CFO resigned last month, and as it tries to shrink operations and cut
   costs. Shares were unchanged after hours.
   
   Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets
   as they move. Visit MarketWatch.com for more information on this news.
   
   
   12H AGO
   
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 * rss
   
   
   
   CNBC Investment News
   
   NETFLIX HITS HIGHEST LEVEL IN 17 MONTHS. HERE'S WHAT THE PROS ARE SAYING
   
   
   Pros on CNBC discussed Netflix after the stock reached its highest level
   since February 2022 following an upgrade from Goldman Sachs.
   
   
   12H AGO
   
   View on site
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 * rss
   
   
   
   Investment News
   
   ADVISOR SATISFACTION WITH FIRMS HINGES ON TIME SPENT WITH CLIENTS: J.D. POWER
   
   
   Despite a decade of firms investing in technology to automate back-office
   busy work, many financial advisors feel as if they still don’t have enough
   time to spend with clients.
   
   
   
   
   
   In a survey of 4,183 employee and independent financial advisors by J.D.
   Power, 38% said they don’t have enough time to spend with clients. Of that
   group, 41% said they spend more time each month on “non-value-added” chores
   like compliance and administrative tasks.
   
   
   
   
   
   Advisors are questioning how committed their firm is to providing the
   resources they need to succeed, said Craig Martin, executive managing
   director and head of wealth and lending intelligence at J.D. Power. Employee
   advisors who feel as if they don’t have enough time for clients rank 27
   points lower on J.D. Power’s Net Promoter Score, which measures advisor
   satisfaction on a scale of -100 to 100. Independent advisors who feel this
   way scored 30 points lower.  
   
   
   
   
   
   “In difficult market conditions like the ones we’ve been experiencing for the
   past several years, great investment advisors set themselves apart by
   proactively addressing their clients’ needs, delivering comprehensive
   guidance and communicating clearly and frequently about the issues that
   matter most to their clients,” Martin said in a statement. “Right now, many
   advisors are struggling to find the time to deliver the level of hands-on
   service they know is critical to growing their business.”
   
   
   
   
   
   When it comes to overall satisfaction among employee advisors, Wells Fargo
   Advisors ranked the lowest. Wells Fargo Advisors Financial Network was scored
   the lowest among independent advisors.
   
   
   
   
   
   James Craven, head of advisor experience at Wells Fargo Advisors, said the
   firm is working to exceed advisors’ expectations of the firm.
   
   
   
   
   
   “Our transformation has been focused on making it easier for advisors to do
   business with us, which ultimately provides for a great client experience,”
   Craven said in a statement. The company didn’t respond additional questions
   about how the firm is helping advisors spend more time with clients.
   
   
   
   
   
   Commonwealth received the highest satisfaction scores from independent
   financial advisors, which CEO Wayne Bloom attributed to collaboration between
   the firm and its advisors, and a focus on providing technology that gives
   advisors more time to do what they want.
   
   
   
   
   
   “We’ve often considered ourselves time merchants,” Bloom said. “Time is our
   advisors’ most valuable commodity.”
   
   
   
   
   
   Little things like technology integration that only requires advisors to
   enter client data once, or integrating reporting technology with calendar and
   CRM software to automate reports, help advisors accomplish their required
   tasks better and faster, he added.
   
   
   
   
   
   “Whether you want to grow by bringing in new clients, improve service among
   existing clients, or go play golf — whatever you want to do, we want to give
   you that time,” Bloom said.
   
   
   
   
   
   Stifel scored the highest among employee financial advisors. CEO Ron
   Kruszewski said that the company service model for advisors helps them avoid
   the “bureaucratic morass” that J.D. Power revealed in its study.
   
   
   
   
   
   “Today, service models have become very offshore, digital-type things that
   are very frustrating both to advisors and clients,” Kruszewski said. “Our
   model is … answer the phone, fix problems and have a culture where people are
   empowered to fix problems, not go to some bureaucracy, and I think that’s
   what this survey is telling us.”
   
   
   
   
   
   However, some advisors think the issue with time is less the fault of their
   firm and more about advisors simply not taking advantage of the abundant time
   management, coaching and practice management resources available to them.
   
   
   
   
   
   “It’s a matter of priority. Some advisors want to live the life of luxury but
   not put in the appropriate work in advance,” said Wes Battle, a senior
   financial advisor with Serving Those Who Serve, an independent firm
   affiliated with Raymond James Financial Services. “The hard truth is if they
   truly don’t have time for clients, then they either need to hire or invest in
   their practice and stop doing a disservice to their clients.”
   
   
   
   
   
   [More: Bank of America earns highest marks for retail bank financial advice:
   J.D. Power]
   
   
   
   
   
   
   HOW DO THE WORLD’S TOP ATHLETES MAKE WINNING DECISIONS? SPORTSWRITER SALLY
   JENKINS EXPLAINS
   
   
   
   
   12H AGO
   
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 * rss
   
   
   
   Market Watch HeadLines
   
   : FED’S WILLIAMS: ‘I AGREE WE HAVE MORE WORK TO DO’
   
   
   This is a Real-time headline. These are breaking news, delivered the minute
   it happens, delivered ticker-tape style. Visit www.marketwatch.com or the
   quote page for more information about this breaking news.
   
   
   12H AGO
   
   View on site
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 * rss
   
   
   
   money crashers
   
   FIDELITY CASH MANAGEMENT ACCOUNT (CMA) REVIEW
   
   
   If you need a traditional checking account or want to earn the most interest
   possible, this account isn’t what you’re looking for. But the Fidelity Cash
   Management account is an ideal place to park large amounts of cash. And for
   some, it may have enough checking-like features to replace your existing
   account.
   
   
   The post Fidelity Cash Management Account (CMA) Review appeared first on
   Money Crashers.
   
   
   JULY 3
   
   View on site
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 * rss
   
   
   
   Reuters News
   
   THOMSON REUTERS SECOND-QUARTER 2023 EARNINGS ANNOUNCEMENT AND WEBCAST
   SCHEDULED FOR AUGUST 2, 2023
   
   
   Conference call and webcast scheduled for 8:30 a.m. EDT TORONTO , June 29,
   2023 /PRNewswire/ -- Thomson Reuters (NYSE, TSX: TRI) announced today its
   second-quarter 2023 earnings will be issued via news release on Wednesday,
   August 2, 2023 .     Steve Hasker , president and chief executive officer,
   
   
   JUNE 29
   
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 * rss
   
   
   
   wall street survivor
   
   WHAT IS DOGECOIN?
   
   AS THE VERY FIRST MEME COIN, DOGECOIN WAS CREATED WAY BACK IN 2013 AS A
   COMMUNITY-BASED ALTERNATIVE TO INDUSTRY GIANT BITCOIN. ONE OF THE CORE IDEAS
   BEHIND THIS CRYPTO WAS TO KEEP THINGS SIMPLE AND FUN AND OFFER INDIVIDUALS
   WHO MAY NOT OTHERWISE BE ABLE TO ENTER THE MARKET A MORE AFFORDABLE OPTION.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   THE RISE OF DOGE
   
   
   
   
   
   While investors weren’t keen to take this joke offering seriously,
   an audience quickly grew and soon Doge was being used as a tradeable asset on
   crypto exchanges like Kraken. While it didn’t actually hold any value from
   its inception in 2013 all the way until 2020, it still had a large enough
   following and function within the niche that it held its position as one of
   the biggest industry names for many years.
   
   
   
   
   
   In fact, Dogecoin regularly came second to Bitcoin in user sentiment, even
   when alternatives like Ethereum were creating innovative products and
   services and thousands of altcoins were burning bright and fading out at
   record speed. Doge was initially widely used as a way to show support within
   online communities – for example, comments were awarded on platforms like
   Reddit and Twitter via Dogecoin tips, and this fostered a strong bond for
   users who may not have otherwise been able to afford crypto or even have the
   intention of entering the niche. Where Bitcoin and similar stablecoins
   function on market demand and volatility, Dogecoin has a more inflationary
   sentiment, in the sense that it encourages users to swap, share and spend
   their coins as opposed to driving investors to keep hold of them for the
   potential for long-term gains.
   
   
   
   
   
   
   WHAT’S BEEN HAPPENING RECENTLY TO CAUSE CONCERN?
   
   
   
   
   
   In 2020, Dogecoin really came into its own as a viable asset. At its most
   popular, its market cap hit around $85 billion (in 2021), but 2022 saw a
   decline that has led to a decrease in value, bringing it to just $10 billion
   in 2023. While this is a significant drop, capitalisation is still attractive
   enough for investors and the community to continue to use Dogecoin, but now
   should be the time when its developers are thinking about its potential
   outside of being a faster payment network.
   
   
   
   
   
   One of the factors causing concern throughout the wider community is the fact
   that Doge hasn’t been updated since 2019 and therefore it isn’t looking
   likely that anything is going to change any time soon. Fans could argue that
   Bitcoin itself hasn’t largely increased in function since its inception yet
   still holds the highest value and standing among investors, whereas others
   could point out that the vast capabilities and potential of Ethereum (not to
   mention advances in technology) is leading crypto consumers to expect far
   more from their chosen assets. As of mid 2023 the Dogecoin price is currently
   sitting at around $0.07175 per token.
   
   
   
   
   
   
   THE FINAL VERDICT
   
   
   
   
   
   While Dogecoin isn’t likely to reach significant values like it once did, it
   still has an incredibly strong presence in the crypto environment that sees
   it continuing to hold favor for the future. Dogecoin is still widely accepted
   as one of the top 10 cryptocurrencies in the world for example, and in many
   ways, its name alone is enough to keep its audience engaged.
   
   
   
   
   
   A supporting statistic for this is that in December 2021, there had been over
   76 million transactions using Dogecoin since it was released. From this, it
   is easy to see that there are plenty of users actively engaging with the
   currency and using it to transact – and this is something that shouldn’t be
   overlooked. Having said this, there is a strong possibility that relying on
   its branding and past performance alone could ultimately prove to be its
   downfall.
   
   
   
   
   
   The reason for this is that, if the developers are not willing to move with
   the times and expand its functionality, things will continue to decline. At
   the very basic level, this meme coin needs to seek wider adoption from
   merchants to be able to hold its own with the ever-growing level of new
   competitors hitting the market and the innovative projects and diverse
   potential that seems to be a prevalent need for consumers, traders and
   investors in the current climate. 
   
   
   The post What is Dogecoin? appeared first on Wall Street Survivor.
   
   
   
   JUNE 13
   
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 * rss
   
   
   
   CNN
   
   RETIREMENT CONTRIBUTION LIMITS WILL RISE IN 2019
   
   
   Good news retirement savers: The Internal Revenue Service announced cost of
   living increases to the contribution limits for retirement-related plans in
   2019.
   
   
   NOV 1, 2018
   
   View on site
   FacebookTwitterPinterestLinkedinEmail
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 * rss
   
   
   
   Investing
   
   EUROPEAN SHARES DROP AS RATE HIKE JITTERS WEIGH; EMBRACER SLIPS
   
   27M AGO
   
   View on site
   FacebookTwitterPinterestLinkedinEmail
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 * rss
   
   
   
   Market Watch
   
   : THE STUNNING GAP BETWEEN HOW MUCH AMERICANS EARN AND HOW MUCH THEY NEED TO
   FEEL ‘FINANCIALLY SECURE’
   
   
   High inflation, interest rates and housing costs are making Americans feel
   financially insecure, a new Bankrate survey found.
   
   
   5H AGO
   
   View on site
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 * rss
   
   
   
   market Watch Market Pulse
   
   : BANK OF AMERICA PLANS 9% DIVIDEND INCREASE
   
   
   Bank of America Corp. BAC said Wednesday that it plans to increase its
   dividend to 24 cents a share, from 22 cents a share, beginning in the third
   quarter. That’s subject to board approval, the bank said. Bank of America
   also reiterated that it continues a “dialogue” with the Federal Reserve to
   understand differences between the Fed’s results and the bank’s own
   Dodd-Frank Act stress-test results. Shares of Bank of America rose 0.3% in
   the extended session Wednesday after ending the regular trading day 0.4%.
   Major U.S. banks went through stress tests last week and several raised
   dividends and share buyback programs in the aftermath.
   
   Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets
   as they move. Visit MarketWatch.com for more information on this news.
   
   
   12H AGO
   
   View on site
   FacebookTwitterPinterestLinkedinEmail
   Loading...

 * rss
   
   
   
   Market Watch HeadLines
   
   : FED WILLIAMS SAYS SOME OF THE LAG FROM PAST RATE HIKES CAN BE FELT AFTER ‘A
   YEAR OR TWO’
   
   
   This is a Real-time headline. These are breaking news, delivered the minute
   it happens, delivered ticker-tape style. Visit www.marketwatch.com or the
   quote page for more information about this breaking news.
   
   
   13H AGO
   
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   Investment News
   
   401(K) LAWSUIT OVER ESG IS A SIGN OF THE TIMES
   
   
   The first lawsuit over ESG in a 401(k) has officially been filed.
   
   
   
   
   
   In the highly litigious realm of employer-sponsored retirement plans, where
   copycats have been riding lawyer Jerry Schlichter’s coattails to settlements
   and big paydays for the better part of a decade, it was all but expected.
   
   
   
   
   
   Nor was it surprising that the plaintiff law firm in this case set its sights
   on a big target — American Airlines, which as of 2021 sponsored a nearly $27
   billion 401(k) plan.
   
   
   
   
   
   And of course, it isn’t a shock that the case alleges that the 401(k) plan
   participants suffered because of ESG. In the current environment, ESG has
   been politically vilified to critical-race-theory levels — that is, a
   boogeyman has been established to scare, and rile, the voter base. Something
   as seemingly innocuous as using climate-risk data to help inform investment
   decision-making has been called no less than a threat to democracy.
   
   
   
   
   
   If you’d asked me a few years ago, I would have said that plan sponsors might
   well be sued because they didn’t consider ESG factors and therefore neglected
   an aspect of their fiduciary duty. But a lot can change in a short amount of
   time. And I suspect that more people than ever have opinions about ESG,
   though it’s safe to say that very few are well-informed about how asset
   managers — sustainable or otherwise — use ESG data.
   
   
   
   
   
   INSTITUTIONAL INVESTORS
   
   
   
   
   
   In the world of retirement saving, it’s hardly a new consideration, at least
   on the institutional side. Pension plans, which generally have a high level
   of investment acumen behind them, have been taking ESG considerations into
   account for many years.
   
   
   
   
   
   On the 401(k) side, ESG remains all but nonexistent, thanks in part to
   waffling stances across administrations at the Department of Labor. This
   year, a new rule went into effect that allows — but does not require — plan
   fiduciaries to consider ESG factors.
   
   
   
   
   
   Nonetheless, change happens at a glacial pace in the defined-contribution
   business, as plan fiduciaries are notoriously risk-averse.
   
   
   
   
   
   Litigation has played a big part in that, and employers — aware that they’re
   potential targets — are ever vigilant about slight missteps that could cost
   them in court. As lawsuits over the past few years show, fiduciaries have
   been targeted for having funds that are either not the lowest cost available
   or not the strongest performing ones on the market.
   
   
   
   
   
   The trend hasn’t been all bad, as the wall of class-action lawsuits over the
   past decade has encouraged plan sponsors to opt for low-cost share classes or
   investment vehicles, which has benefited plan participants.
   
   
   
   
   
   STIFLING OTHER CHANGES
   
   
   
   
   
   Conversely, the threat of litigation has likely discouraged plan sponsors
   from considering things like sustainable investment options, which is a
   disservice to employees who are saving for retirement.
   
   
   
   
   
   That’s because environmental, social and governance data add to the
   information that asset managers have to assess risk and opportunity. While
   sustainable funds lagged their standard peers last year in net returns, that
   trend appears to be reversing, driven by ESG-themed funds’ higher exposure to
   tech stocks, which are performing well, and lower exposure to energy
   holdings, which are not doing as well.
   
   
   
   
   
   And surely, climate change and human rights are broad issues that plan
   participants should at least have the option of considering, regardless of
   financial performance.
   
   
   
   
   
   But the lower returns on average that sustainable funds saw in 2022 provided
   critics of ESG with ammunition.
   
   
   
   
   
   However, an assertion that ESG is bad for investment returns is too
   simplistic. There are times when sustainable funds outperform and other times
   when they underperform. And there are many funds that use ESG data
   strategically but are not sustainable products.
   
   
   
   
   
   THE CASE
   
   
   
   
   
   The lawsuit, which names American Airlines, Fidelity Investments
   Institutional, the plan administrator, and Financial Engines, an investment
   advice provider, as defendants, alleges that dozens of funds available to
   plan participants “pursue nonfinancial and nonpecuniary ESG policy agendas”
   and “have underperformed compared to other similar investment funds.”
   
   
   
   
   
   However, unlike many 401(k) lawsuits that focus on investment returns, this
   one doesn’t say anything about the performance of the individual funds. Nor
   does it specify whether the full roster of funds was included in the plan
   menu or was merely available through a mutual fund window.
   
   
   
   
   
   “It’s such a broad, superficial type of argument,” said Bonnie Treichel,
   chief solutions officer at Endeavor Retirement, adding that she “wouldn’t
   give it a strong chance of proceeding.”
   
   
   
   
   
   The defendants will likely argue that plaintiffs have failed to plausibly
   allege a breach of fiduciary duty, with the general claims about ESG-related
   performance not amounting to much, she said. “These are probably just legal
   conclusions couched as factual allegations that the court will likely
   dismiss,” Treichel said in a separate email.
   
   
   
   
   
   But it’s also worth noting that the plaintiff firms in this case — Sharp Law
   and Hacker Stephens — appear to be new to the arena of Employee Retirement
   Income Security Act litigation.
   
   
   
   
   
   The fiduciary obligations differ substantially for investments on the core
   menu versus those in a fund window, with the latter requiring monitoring of
   the brokerage provider rather than each individual investment, Treichel said.
   
   
   
   
   
   Although the DOL rule regarding ESG in retirement plans is now in effect,
   that likely won’t play a role in the case, as the class period goes back to
   2017, she noted.
   
   
   
   
   
   The politicization of ESG probably has a lot to do with why such a case was
   filed this year.
   
   
   
   
   
   But if ESG data are material to risk and return — which proponents have long
   argued they are— a case could be made for fiduciaries to at least consider
   them.
   
   
   
   
   
   “If there really is something of a financial impact, shouldn’t you be
   evaluating that?” Treichel said. “That’s the real question.”
   
   
   
   
   
   
   HOW DO THE WORLD’S TOP ATHLETES MAKE WINNING DECISIONS? SPORTSWRITER SALLY
   JENKINS EXPLAINS
   
   
   
   
   13H AGO
   
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   CNBC Investment News
   
   THESE S&P 500 STOCKS ARE TRADING AT A DISCOUNT AS THE SECOND HALF GETS UNDER
   WAY
   
   
   The S&P 500 surged more than 15% to start the year, marking its biggest
   first-half gain since 2019 — when it jumped more than 17%.
   
   
   15H AGO
   
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   money crashers
   
   TRADESTATION REVIEW — AN ADVANCED PLATFORM FOR SEASONED TRADERS
   
   
   TradeStation offers a high-end trading experience for seasoned traders, with
   no trading commissions, unique asset types, advanced research tools, and
   robust platforms. Despite its power, it might not be the best choice for
   beginners or passive investors.
   
   
   The post TradeStation Review — An Advanced Platform for Seasoned Traders
   appeared first on Money Crashers.
   
   
   JULY 3
   
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   Reuters News
   
   THOMSON REUTERS SIGNS DEFINITIVE AGREEMENT TO ACQUIRE IMAGEN LTD.
   
   
   NEW YORK , June 28, 2023 /PRNewswire/ -- Thomson Reuters Signs Definitive
   Agreement to Acquire Imagen Ltd.     Thomson Reuters (NYSE/TSX: TRI), a
   global content and technology company, announced today that it has signed a
   definitive agreement to acquire Imagen Ltd.
   
   
   JUNE 28
   
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   wall street survivor
   
   BEST STOCKS TO BUY NOW: JUNE, 2023
   
   WHAT IS IT?
   
   PROS
   
   CONS
   
   IS STOCK ADVISOR WORTH IT?
   
    PROS
   
   CONS
   
   IS RULE BREAKERS WORTH IT?
   
   PROS
   
   CONS
   
   IS ALPHA PICKS WORTH IT?
   
   PROS
   
   CONS
   
   IS HOME RUN INVESTOR WORTH IT?
   
   PROS
   
   CONS
   
   IS SEEKING ALPHA PREMIUM WORTH IT?
   
   PROS
   
   CONS
   
   IS ZACKS PREMIUM WORTH IT?
   
   ZACKS ULTIMATE
   
   PROS
   
   CONS
   
   IS ZACKS ULTIMATE WORTH IT?
   
   PROS
   
   CONS
   
   IS MORNINGSTAR INVESTOR WORTH IT?
   
   PROS
   
    CONS
   
   IS STOCK ROVER WORTH IT?
   
   
   
   
   
   
   
   If you want to know what the best stocks to buy now are….
   
   
   
   
   
   If you want to know which stocks are likely to go up this week….
   
   
   
   
   
   After 40 years of investing experience, I hate to burst your bubble but, I
   don’t think anybody really knows.
   
   
   
   
   
   I am pretty sure that nobody has a crystal ball, not even ChatGPT, that can
   tell you which stocks are going to have highest return in the next few days.
   
   
   
   
   
   I can tell you however, which stock newsletters have the most success in the
   short-term and long-term of picking profitable stocks. And more importantly
   that just picking profitable stocks, I can tell you which newsletter has the
   best record of BEATING THE S&P500.
   
   
   
   
   
   When it comes to investing in the stock market, you really have 2 choices.
   You can put your money into mutual funds and S&P500 ETFs and hope that you
   can get the market’s historical 10% return over time. Or, you can manage your
   own stock portfolio and try to beat the S&P500.
   
   
   
   
   
   This article is for those investors that want to beat the market consistently
   by buying the best stocks year after year. I can’t tell you which stocks to
   buy, but I can tell you where to find the best stock newsletters and what
   their recommendations are to help you beat the market.
   
   
   
   
   
   While some stock market newsletters claim to have fantastic returns over the
   last few decades and others claim their models have been “back-tested” for 40
   years or more, the important think for YOU is to know which services are
   performing well right now in the current market conditions.
   
   
   
   
   
   Here is a sneak peak of some of the most popular stock newsletters’
   performance of their 2023 stock picks (about 6 months worth) and their last
   12 months of picks.:
   
   
   
   
   
   
   
   
   
   
   The winner is easy to see as they won in all 3 categories of returns of their
   last 6 months of picks, returns of their last 12 months of picks, and their
   overall Winning Percentage. It is the Motley Fool Stock Advisor.
   
   
   
   
   
   
   HOW TO FIND THE BEST STOCKS
   
   
   
   
   
   There are many stock picking subscription services that claim to beat the
   market and make you rich. Beware of those that offer these “get-rich-quick”
   schemes as the only ones getting rich are the ones selling the service.
   
   
   
   
   
   We prefer the get-rich-slowly strategies that have proven over time to help
   individuals build their wealth. A 2023 study by Dave Ramsey confirmed that
   most millionaires build their wealth by investing consistently in the stock
   market year after year.
   
   
   
   
   
   Most stock picking services occasionally beat the market, but we want to find
   the ones that beat it consistently. We want the ones that keep putting up the
   big numbers year after year, not the one’s that have a few homeruns but
   mostly strike out. It takes more than just scouring SEC filings to find the
   best stocks to buy and sell.
   
   
   
   
   
   We’ve subscribed to a bunch of different services over the years in hopes of
   finding one or more that can truly deliver the kind of research,
   recommendations, and actionable insights (also known as “good ideas”) that
   can elevate an average investor into a Buffett-esque returns. And we have
   found a few!
   
   
   
   
   
      
      
    * The Motley Fool Stock Advisor claims to be up 489% since inception in 2002
      vs the S&P500’s 129%.
      
      
      
      
      
      
      
      
    * The Motley Fool Rule Breaker claims to be up 225% vs the market’s 103%
      since inception in 2004.
      
      
      
      
      
      
      
      
    * Seeking Alpha Premium claims their Quant Rating has yielded an average
      annualized return of 27% since 2010.
      
      
      
      
      
      
      
      
    * Seeking Alpha Picks claims to already be up 22% vs the market’s 11% after
      just launching its service less than a year ago in July 2022.
      
      
   
   
   
   
   
   Over time, we’ve come to discover that all of these services fall into one of
   two different categories:
   
   
   
   
   
      
      
    * stock picking platforms that tell you what to buy/sell and when to
      buy/sell it, and
      
      
      
      
      
      
      
      
    * stock research platforms that provide the information you need for a more
      informed do-it-yourself approach.
      
      
   
   
   
   
   
   There’s some overlap, of course, but every platform leans one way or another.
   Stock picking platforms may include some research and analysis, for example,
   and stock research platforms may have their own proprietary star rating or
   grading system, but they usually won’t tell you what to buy or sell.
   
   
   
   
   
   Since all of these platforms and services fall into one of two distinct
   camps, comparing them all against one another would be like comparing AAPLs
   and ORANs, so it makes more sense to split them up—after we take a second to
   appreciate that AAPLs and ORANs joke. Man, sometimes we really impress
   ourselves.
   
   
   
   
   
   So here are the rules: We’re going to talk about a bunch of different
   services and platforms that we split up by category. We’ll talk about what
   they are, what they do, what their pro/con lists look like, and throw in any
   kind of performance data we can get our hands on. We aren’t going to tell you
   what to buy or sell, but we are going to give you a nice, firm shove in the
   right direction.
   
   
   
   
   
   
   
   
   
   
   
   
   BEST SOURCES OF STOCKS TO BUY
   
   
   
   
   
   We’re constantly evaluating the best places to get stock picks. Our list of
   stock pickers and stock research platforms below is reevaluated and updated
   monthly, so we can let you know about stellar services as soon as we do.
   These best stocks to buy now lists are current as of June 2023.
   
   
   
   
   
   
   LET’S HEAR IT FOR OUR STOCK PICKERS
   
   
   
   
   
   First up is the stock picking services. These services tell you exactly which
   stocks to buy and sell, and when.
   
   
   
   
   
   
   
   
   
   
   
   MOTLEY FOOL STOCK ADVISOR
   
   
   
   
   
   The Motely Fool is neither foolish nor particularly motley. The firm is
   staffed by a bunch of investors and finance professionals—hardly motley—and
   you wouldn’t think a bunch of fools would be able to pull off the kind of
   long-term performance that the talented folks at the Fool have put up over
   the years.
   
   
   
   
   
   Ok, yes, the Motley Fool is named after a Shakespearean character who spoke
   truth to power even when that truth was deeply unpopular. And yes, they’ve
   dedicated themselves to providing the truth as they see it no matter how
   unpopular it might be. They buck trends. They value fundamental analysis and
   realistic thinking. They’re a bunch of smart, talented people who have put
   their considerable abilities to work in the service of providing investors
   with the best data, research, and analysis that their big old brains can
   muster. But none of that is funny.
   
   
   
   
   
   
   
   
   
   The Motley Fool Stock Advisor is the Motley Fool’s flagship product. Since
   2002, they have released 2 unique stock recommendations a month and 2 lists
   of the Best 5 Stocks to Buy Now. So they tell you what to buy, and they also
   tell you when to sell it. For the last 20 years, it has been the best source
   of stocks to buy.
   
   
   
   
   
   Here is a chart dated April 28, 2023 that shows the performance of their
   recommended stocks to buy versus the S&P500 since inception.
   
   
   
   
   
   
   
   
   
   
   Not too shabby, right? Its performance speaks for itself. No other service
   has even come close to matching these returns.
   
   
   
   
   
   Let’s stare at this chart for a minute. From the very beginning in 2002 their
   stock picks started outperforming the market as you can see from the blue
   line above. Their picks really spiked in 2020 and early 2021 and had a
   correction in late 2021 like most stocks did. But now look at the last part
   of the chart, from 2022 and early 2023 their picks are returning to their
   upward trend line.
   
   
   
   
   
   Your first thought has got to be “are these returns really possible?” Well,
   we set out to validate these stated returns. We subscribed in January of 2016
   and we gained full access to all of their picks going back to 2002. We then
   calculated the average return of all 500+ picks thru 2023, and we can now
   confirm the average return of all of their picks is correct!
   
   
   
   
   
   
   
   
   
   
   
   The secret to the Stock Advisor portfolio’s success is quite simple. The
   Motley Fool’s team has an excellent record of picking a few key stocks each
   year that double or triple each year.
   
   
   
   
   
   Here is a screenshot dated June 4, 2023 from our portfolio of one of their
   2020 picks to prove the point:
   
   
   
   
   
   
   
   
   
   They recommended Tesla (ticker TSLA) back on January 2, 2020 and we bought 60
   shares at $28.69 (split adjusted). So that $1,700 is now worth $16,467 for a
   gain of 859% and a profit of $14,751 in 2.5 years.
   
   
   
   
   
   Many of their picks simply become market leaders like AMZN, DIS, TSLA, TTD,
   SHOP, etc. that turn into 1,000+% returns. They use some combination of
   fundamentals, consumer, and economic trends to find companies before everyone
   else does.
   
   
   
   
   
   When you sign up for the Stock Advisor service you get access to all past and
   present stock recommendations, as well as a nice smattering of research,
   commentary, and community features. It isn’t cheap, but the service’s history
   strongly suggests that all you have to do is follow their advice, wait, and
   cash out when the time is right.
   
   
   
   
   
   
   
   
   
      
      
    * Started in 2002 and they have over 500,000 subscribers
      
      
      
      
      
      
      
      
    * Strong historical performance (With over 500 stock picks since 2002, the
      average return of all 500 of their picks is 462% compared to market’s 125%
      as of June 3, 2023)
      
      
      
      
      
      
      
      
    * They tend to pick a few stocks each year that double or triple, and they
      pick a few that never really move
      
      
      
      
      
      
      
      
    * They make investing easy with 2 buy recommendations a month
      
      
      
      
      
      
      
      
    * And they also tell you when to sell
      
      
      
      
      
      
      
      
    * Very affordable at $199 per year; and they frequently offer discounts
      
      
      
      
      
      
      
      
    * Not much interaction required
      
      
   
   
   
   
   
   
   
   
   
      
      
    * With so many subscribers and friends of subscribers, their stocks really
      pop the few days after they release their picks so you really need to
      subscribe to get the alerts in real-time
      
      
      
      
      
      
      
      
    * They recommend you build a portfolio of at least 25 stocks and you plan on
      holding the stocks for at least 5 years
      
      
      
      
      
      
      
      
    * You really need to buy equal dollar amounts of all of their picks to get
      their super returns as you don’t know which ones will the ones that double
      or triple
      
      
   
   
   
   
   
   Recent Motley Fool Stock Advisor Picks
   
   
   
   
   
   Here are just a few of their recent picks (they won’t let me share too many):
   
   
   
   
   
      
      
    * May 4, 2023 they re-recommended TSLA and it is already up 33% since then.
      
      
      
      
      
      
      
      
    * April pick of VEEV and PAYC are up 6% and 1%
      
      
      
      
      
      
      
      
    * March picks of RBLX and CRWD are down 11 and up 22%
      
      
      
      
      
      
      
      
    * February picks of ACN and KNSL are up 11 and 19%
      
      
      
      
      
      
      
      
    * January picks of NOW and DGX are up 1 and 50%.
      
      
   
   
   
   
   
   
   
   
   
   
   
   
   
   The Motley Fool’s Stock Advisor service is great value when you consider
   their track record. With over 20 years of a picks and an average return of
   all of their stocks of 462% vs the market’s 125%, no other service even comes
   close. Just scroll up and look at my January 2020 Tesla trade! Currently new
   subscribers can get their $199 service for the first year for just $89.
   
   
   
   
   
   > New Motley Fool Subscribers can save $110 and try 12 months of their stock
   > picks for just $89.
   
   
   
   
   
   
   MOTLEY FOOL RULE BREAKERS
   
   
   
   
   
   The second service we’re looking at is the Motley Fool’s Rule Breakers. It’s
   their second most popular stock picking service—just behind Stock Advisor—and
   it’s been around for almost as long as its big brother. First established in
   September 2004, the Rule Breakers service ironically follows most of the
   rules that the Fool first set forth in Stock Advisor. The team follows the
   same ethos, picks two stocks each month, and is run and operated by pretty
   much the same folks.
   
   
   
   
   
   The main difference between Stock Advisor and Rule Breakers is one of focus.
   Stock Advisor tends to pick companies that are flying under the radar but are
   still solid, well-established businesses. Rule Breakers, on the other hand,
   is primarily interested in companies that they believe have huge growth
   potential in emerging industries. Rule Breakers’ choices are a bit more risky
   on just about every level, though that risk is balanced out by the potential
   returns for any stock they pick that performs as predicted.
   
   
   
   
   
   Case in point:
   
   
   
   
   
   
   
   
   
   
   The numbers aren’t as great as Stock Advisor’s. Let’s just get that out of
   the way. But again, that’s kind of the point, isn’t it? Stock Advisor is
   meant to deliver slower, more even returns across all of its recommendations.
   Rule Breakers delivers more losses, true, but its best recommendations take
   off like rocket ships. A full 139 of the recommendations made in Rule
   Breakers have delivered 100%+ returns, and some of them have grown by a
   factor of almost 10,000%. That’s not too shabby.
   
   
   
   
   
   
   
   
   
   
   
   
   
      
      
    * Solid historical performance
      
      
      
      
      
      
      
      
    * Easy to use and follow
      
      
      
      
      
      
      
      
    * Recommendations are well researched/reasoned
      
      
      
      
      
      
      
      
    * Currently discounted by $200
      
      
   
   
   
   
   
   
   
   
   
      
      
    * Have to hold stocks for a long time
      
      
      
      
      
      
      
      
    * Riskier recommendations than Stock Advisor
      
      
   
   
   
   
   
   
   
   
   
   The Motley Fool normally charges $299 per year for Rule Breakers, which is a
   little steep—but right now you can get a yearlong subscription for just $99.
   At that price point, there’s really no reason not to subscribe. The
   portfolio’s put up great numbers over the years, and it shouldn’t be too hard
   to make more than $1.90 a week using their recommendations. So yeah, it’s
   worth it.
   
   
   
   
   
   
   SEEKING ALPHA ALPHA PICKS
   
   
   
   
   
   Seeking Alpha’s Alpha Picks is a stock selection service that gives you two
   stock recommendations a month—much like the Motley Fool’s services. The
   people at Seeking Alpha use a proprietary data-driven scoring system designed
   to find stocks that will appeal to more conservative investors, with the
   general idea being to find long-term plays that can deliver significant
   returns over time without putting the principal investment at too much risk.
   
   
   
   
   
   
   
   
   
   
   The process is guided by what they call their Quant model, which is
   essentially a big, complicated set of data-driven rules, algorithms, and a
   bunch of other complex stuff that all comes together to find the best stocks
   for any given investing style.
   
   
   
   
   
   Stocks have to maintain a Strong Buy Quant rating for at least 75 days before
   they even qualify for Alpha Picks. They also have to maintain a market cap of
   over $500 million and a share price of over $10, must be traded as common
   stock only, and have to be the highest rated stock at the time of selection.
   
   
   
   
   
   In other words, Alpha Picks aren’t picked all willy nilly. There’s an
   impressively rigorous process behind the service, and you can see how well
   it’s worked out for them in this graph:
   
   
   
   
   
   
   
   
   
   
   The portfolio itself changes more quickly than the ones the Motley Fool
   maintains. They have the same “new pick every two weeks” formula, but they’re
   much more willing to let go of losers than the Fool. Alpha Picks checks and
   rechecks the Quant ratings of every stock in the portfolio at the beginning
   of each month. Any stocks that have dropped to Sell or Strong Sell ratings
   are sold off and have all the “cash” reinvested in the next portfolio
   rebalance (which is another whole thing), same with any accrued dividends.
   Stocks that are on Hold status for more than 180 days are also sold, which
   definitely helps reinforce the ideal of constant forward progress and price
   appreciation that Seeking Alpha follows.
   
   
   
   
   
   When a stock in the Alpha Picks portfolio has more than doubled in price, it
   gets moved to a new category with a new set of rules. Stocks that make it to
   this “Good-to-Great” category sort of gain an extra life, so to speak—if
   their ratings fall to Sell or Strong Sell, they aren’t sold off entirely at
   the start of the month. Instead the portfolio only sells off the initial
   position and leaves the rest of it intact. If the stock gets another Sell or
   Strong Sell flag and doesn’t have twice the value of the initial investment,
   however, the initial rules take effect and the stock is sold off.
   
   
   
   
   
   
   
   
   
      
      
    * Great for buy-and-hold investors
      
      
      
      
      
      
      
      
    * Strong performance with minimal risk
      
      
      
      
      
      
      
      
    * Fairly transparent quantitative rating system
      
      
   
   
   
   
   
   
   
   
   
      
      
    * Returns aren’t quite as big as some other services
      
      
      
      
      
      
      
      
    * Takes a bit more interaction than similar services
      
      
   
   
   
   
   
   
   
   
   
   Seeking Alpha is a great company with a lot of brainpower behind it. Their
   Alpha Picks portfolio hasn’t been around for all that long, and it hasn’t
   returned the kind of explosive growth that you can find elsewhere, but it’s
   still a solid bet. It’s definitely worth checking out, especially considering
   the fact that it’s only $99 for the first year right now. So go. Go now.
   
   
   
   
   
   
   ZACKS HOME RUN INVESTOR
   
   
   
   
   
   Zacks Investment Research is another firm that uses a proprietary set of
   algorithms and quantitative rating methods to find and recommend stocks. The
   firm was started by a guy with a Ph.D. in mathematics from MIT way back in
   1978, and it’s been doing its thing very successfully ever since.
   
   
   
   
   
   According to their website, Zacks Home Run Investor is another managed
   portfolio-style service that “targets under-the-radar companies with
   over-the-top potential.” It sounds similar to both the Motley Fool and
   Seeking Alpha, but with a bit of a twist.
   
   
   
   
   
   Unlike those other firms/services, Home Run Investor focuses on small- and
   mid-cap companies, not established ones. It tends to ride trends in
   industries for as short or as long a time as necessary, which means its time
   frame for holding/selling stocks is more like 6 to 18 months as opposed to
   Motley Fool and Seeking Alpha’s 5+ year timeframe.
   
   
   
   
   
   Zacks uses its original (though presumably updated and upgraded) Zacks Rank
   system to find the stocks, which has historically worked out well for the
   portfolio and for Zacks as a whole. It’s anyone’s guess as to how the Zacks
   Rank system works, but the proof is in the pudding:
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   Zacks is fairly tight-lipped about their portfolios’ performance, though we
   do know that to be considered a Home Run Investor stock it has to be rated
   with at least 50%, 100%, 200%, or more growth potential. We also know that
   Home Run Investor has only been around since 2011, but in that time it’s
   already picked more than 100 stocks that delivered double and triple-digit
   gains while they were held by the portfolio.
   
   
   
   
   
   And while we don’t have the exact performance data for all of Zacks Home
   Run’s picks, their money back guarantee shows just how confident they are.
   Zacks is so confident in its ability to pick winners that it will give you a
   full refund on your subscription fees if they don’t manage to outperform the
   S&P 500 during a given stock holding period.
   
   
   
   
   
   
   
   
   
      
      
    * Active portfolio with quick turnovers
      
      
      
      
      
      
      
      
    * Proven quantitative underpinning
      
      
      
      
      
      
      
      
    * Includes a bunch of research and Zacks Investor Collection
      
      
   
   
   
   
   
   
   
   
   
      
      
    * Active portfolio with quick turnovers
      
      
      
      
      
      
      
      
    * Requires a lot of interaction
      
      
      
      
      
      
      
      
    * Not great for long-term investors
      
      
   
   
   
   
   
   
   
   
   
   If you subscribe to Zacks Home Run Investor right now, you can get a 50% or
   35% discount on a 1-year or 6-month subscription, respectively. That evens
   out to $149 a year or $99 for 6 months.
   
   
   
   
   
   Zacks hasn’t stayed in business this long by being bad at what they do. And
   yes, the subscriptions are a bit pricier than a lot of other
   services—especially at full price—but you have to remember that the portfolio
   is meant for much shorter holding periods than the likes of the Motley Fool’s
   or Seeking Alpha’s. You might need to hold the Motley Fool’s picks for 5
   years or more, whereas you’d only need to pay 1 or 2 years-worth of dues to
   realize returns with Zacks Home Run.
   
   
   
   
   
   So GO. Go check it out. And get rich.
   
   
   
   
   
   
   RESEARCH AND DESTROY
   
   
   
   
   
   Now, let’s dive into our second category: Stock research platforms that
   utilize their proprietary stock ranking systems to help you with your
   research, but don’t tell you exactly what to put in your portfolio.
   
   
   
   
   
   
   SEEKING ALPHA PREMIUM
   
   
   
   
   
   Sure, they’re Seeking Alpha, but are they finding it?
   
   
   
   
   
   Yes. Turns out they are.
   
   
   
   
   
   Seeking Alpha Premium is the bigger, better, more expansive version of their
   Alpha Picks service. Signing up gets you access to a ton of premium content
   including analyst ratings, analyst performance stats, stock Quant ratings,
   stock dividend grades, and a whole lot more.
   
   
   
   
   
   Seeking Alpha’s main bread and butter is their crowdsourced stock research
   and analysis. Thousands of investors and financial professionals contribute
   their own analysis on whatever interests them every month—way more than any
   one person could read. That’s great on its own, but it barely scratches the
   surface of what Seeking Alpha Premium has to offer.
   
   
   
   
   
   We could take a lot of time to talk about Seeking Alpha’s wide range of
   features. They have a lot going on. This is a piece about stock research
   platforms, however, so let’s just focus on that aspect of what Seeking Alpha
   does.
   
   
   
   
   
   Take a look at the graph below. Remember those Seeking Alpha Quant ratings we
   talked about earlier? Well, this is what it looks like when you apply their
   Quant rating system across the entire market and graph the performance of the
   ones they rate “Strong Buy.”
   
   
   
   
   
   
   
   
   
   
   As you can see, Seeking Alpha’s Quant ratings are no joke. They know what
   they’re doing. If you did nothing but follow Seeking Alpha’s ratings you’d
   stand to make some huge gains. It works the same way in the other direction,
   too.
   
   
   
   
   
   
   
   
   
   
   The above graph shows how all of Seeking Alpha’s Quant-rated “Sell” or worse
   stocks significantly underperformed the S&P 500. In other words, when Seeking
   Alpha says “Sell,” you’d be smart to follow their lead.
   
   
   
   
   
   
   
   
   
      
      
    * Highly accurate Quant ratings
      
      
      
      
      
      
      
      
    * Huge amount of research and analysis
      
      
      
      
      
      
      
      
    * Community features
      
      
   
   
   
   
   
   
   
   
   
      
      
    * Way more information than one person can handle
      
      
      
      
      
      
      
      
    * Tough to pick which “Strong Buy” stocks to buy
      
      
   
   
   
   
   
   
   
   
   
   Seeking Alpha Premium is currently on sale for $4.95 for 1 month, then
   $239/year after that. It’s not cheap, but it isn’t that expensive either when
   you consider the amount of useful information you’ll get from the site.
   
   
   
   
   
   If the numbers are any indication (hint: they are), then subscribing to
   Seeking Alpha and following its recommendations is a terrific investment.
   Their Quant system is as accurate as it is complicated, and it’ll point you
   in the right direction no matter what kind of investor you are.
   
   
   
   
   
   
   ZACKS PREMIUM
   
   
   
   
   
   Zacks is proud to tell you all about how the picks using the Zacks Ranks
   system have recorded average gains of 24.52% per year between 1988 and 2023.
   That’s an average of almost twice as much as the S&P 500.
   
   
   
   
   
   Zacks has a bunch of stock picking services, but those are more like branches
   sprouting off of the big old Zacks tree. There’s a lot more gold in them
   hills, and you have to pay to play.
   
   
   
   
   
   If you want to subscribe to Zacks proper, you’re going to need to pick
   between two tiers: Premium and Ultimate. Premium is the cheaper of the two
   tiers, though you shouldn’t be thrown by its relatively low price point. Make
   no mistake, Zacks Premium comes with more than its fair share of goodies.
   
   
   
   
   
   First and foremost: Zacks Premium gets you access to Zacks #1 Strong Buy
   list, which is exactly what it sounds like. Zacks #1 Strong Buy ranked stocks
   have beaten the market by over 23% per year on average since 1988, as you can
   see below.
   
   
   
   
   
   
   
   
   
   
   Premium membership also comes with equity research reports, Zacks Industry
   Rank (a tool that divides stocks and ranks them within 250 different
   industries), earnings filters, pre-built stock screeners, and more. Like we
   said, it’s a lot.
   
   
   
   
   
   
   
   
   
      
      
    * Lots of research and info
      
      
      
      
      
      
      
      
    * Great stock screeners
      
      
      
      
      
      
      
      
    * Industry rank list for specialized investing
      
      
   
   
   
   
   
   
   
   
   
      
      
    * Not exactly cheap
      
      
   
   
   
   
   
   
   
   
   
   Zacks Premium is worth it. Right now it’s $249 per year, but you can get a
   30-day free trial to see if it’s something you really want to spend your
   money on. Really though, is there a better use for your money than a service
   that’s proven to provide profitable research and recommendations?
   
   
   
   
   
   Get it. Get on it.
   
   
   
   
   
   
   
   
   
   This is the Ultimate Zacks experience, which means it’s basically just an
   upgrade to Premium. You get all the Premium and basic features, plus access
   to the full slate of Zacks Investor Collection portfolios (essentially just
   managed portfolios like Zacks Home Run and so on).
   
   
   
   
   
   Most of what you get when you subscribe to Ultimate is the ability to check
   out a bunch of their more esoteric and successful managed portfolios. There
   are portfolios for alternative energy companies, an AI-driven portfolio
   called Black Box Trader, some blockchain, commodity, and counter-market
   portfolios, plus a bunch more.
   
   
   
   
   
   
   
   
   
      
      
    * Lots of managed portfolios with a ton of ideas and research
      
      
      
      
      
      
      
      
    * Access to all of Zacks’ content
      
      
      
      
      
      
      
      
    * Bragging rights(?)
      
      
   
   
   
   
   
   
   
   
   
      
      
    * Very expensive
      
      
      
      
      
      
      
      
    * Doesn’t include enough to legitimize price point
      
      
   
   
   
   
   
   
   
   
   
   If you have a massive portfolio already and are just looking for new ideas
   then sure, Zacks Ultimate might be worth it to you.
   
   
   
   
   
   If not? No. No way. Yes, there’s a lot of good info and recommendations in
   there. Yes, Zacks is very good at what it does. And yes, you’ll probably make
   money if your portfolio is big enough to absorb the expense.
   
   
   
   
   
   What expense? Oh, just $299 per month or $2,995 per year. Granted, they are
   offering a 30-day trial for $1, so it’s worth checking out at least, but come
   on. 
   
   
   
   
   
   
   MORNINGSTAR INVESTOR
   
   
   
   
   
   Morningstar is one of those companies that doesn’t need to advertise, because
   other companies do it for them. If you look through as many stock research
   and picking services as we have, you’ll find that most of that research comes
   from one place: Morningstar. That’s right. Other companies will sell access
   to Morningstar’s research and call it one of their very own perks.
   
   
   
   
   
   If you subscribe to Morningstar Investor, you’ll quickly see why it’s such a
   big deal. They have over 150 independent analysts—all of whom are industry
   veterans—who are constantly cranking out deep, fundamentals-driven research
   and analysis on pretty much every stock you can think of.
   
   
   
   
   
   Investor memberships give you access to all the current, past, and future
   research that they’ve produced, as well as a massive list of Morningstar
   ratings on securities, individual managers, socially and environmentally
   conscious investments, and pretty much anything else that’s remotely related
   to investing.
   
   
   
   
   
   How good are these ratings?
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   That good.
   
   
   
   
   
   Morningstar’s 5 star-rated companies don’t outperform the market by chance.
   Analysis has shown that their rating system is so good that they have
   statistically significant explanatory power for the future performance of
   stocks. Or, to put that in human words, they’re real good.
   
   
   
   
   
   
   
   
   
      
      
    * Recognized for research and rating industry-wide
      
      
      
      
      
      
      
      
    * Incredibly diligent and accurate research and recommendations
      
      
      
      
      
      
      
      
    * Huge library of research and analysis to check out
      
      
   
   
   
   
   
   
   
   
   
      
      
    * Mostly good for value investors
      
      
      
      
      
      
      
      
    * Tons of information to sift through
      
      
   
   
   
   
   
   
   
   
   
   If you’re a scholar, a value investor, a smarty-pants, etc. then Morningstar
   Investor is worth it. Right now, they’re offering a 7-day free trial—more
   than enough time to convince you—and then offer monthly and annual
   memberships at $34.95 and $249, respectively.
   
   
   
   
   
   
   STOCK ROVER
   
   
   
   
   
   Stock Rover is a stock screening and analysis platform that’s been getting a
   lot of attention lately. Why? Easy. Their screener functionality is unmatched
   across the industry, their portfolio management and analysis features are
   kind of insane, and—most relevant here—their Stock Rover Research Reports
   give you in-depth and up-to-date information on over 7,000 different stocks
   with just a couple of clicks.
   
   
   
   
   
   They don’t do a whole lot of predicting or rating, so we don’t have any great
   performance charts for you, but that doesn’t mean you have to take our word
   for any of this. Their free memberships give you a remarkable amount of
   access to all their best features, so there’s no reason not to pop in and
   explore.
   
   
   
   
   
   
   
   
   
      
      
    * Powerful screeners
      
      
      
      
      
      
      
      
    * Advanced portfolio management
      
      
      
      
      
      
      
      
    * Innovative interface
      
      
   
   
   
   
   
   
   
   
   
      
      
    * You’ll need to follow the tutorials to figure it out
      
      
   
   
   
   
   
   
   
   
   
   A free membership to Stock Rover is absolutely worth it, and so is
   subscribing to one of the higher paid tiers. Right now you can get a Stock
   Rover Essentials membership for just $7.99/month or $59.99 for your first
   year, which is kind of insane considering how much you get for the money.
   
   
   
   
   
   
   CONCLUSION
   
   
   
   
   
   There are tons and tons of different stock rating, research, and picking
   services out there. A lot of them—like the ones on this list—are well worth
   your time and money. So go ahead and try some free trials and maybe a cheap
   membership or two so you can figure out which ones are the best and the best
   for you in particular. And the second we hear about any services that are
   better, we’ll be the first to let you know.
   
   
   
   
   
   The Motley Fool’s next pick comes out this Thursday! Click here to their next
   pick in real-time!
   
   
   The post Best Stocks to Buy Now: June, 2023 appeared first on Wall Street
   Survivor.
   
   
   
   MAY 26
   
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   Investing
   
   HEDGE FUND VERITION JOINS RUSH TO DUBAI FINANCIAL HUB
   
   42M AGO
   
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   Market Watch
   
   : THREADS DEBUTS TO CRUSH OF USERS AND A QUESTION: HOW DO I IMPORT FOLLOWERS
   FROM TWITTER?
   
   
   Albeit slow under a crush of curious digital onlookers, Meta Platforms Inc.'s
   new app instantly created a buzz.
   
   
   6H AGO
   
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   market Watch Market Pulse
   
   : EXXON STOCK DROPS AFTER ENERGY GIANT SAYS THAT NAT GAS PRICES LIKELY TO BE
   A DRAG ON Q2 PROFITS
   
   
   Exxon Mobil Corp. XOM said late Wednesday it expects lower natural-gas prices
   to dial down its second-quarter profits for its upstream, or exploration and
   production, business. Changes in gas prices are expected to shave off between
   $2.2 billion and $1.8 billion from the quarterly results, Exxon says.
   Scheduled maintenance and lower seasonal gas demand are also drags, the
   energy giant said. Exxon has not set a firm date for its second-quarter
   results but is seen reporting in late July or early August. Analysts polled
   by FactSet expect Exxon to report adjusted EPS of $2.28 a share on sales of
   $91.1 billion in the quarter, which would compare with adjusted EPS of $4.14
   on sales of $115.7 billion in the second quarter of 2022. Shares of Exxon
   dropped 0.9% in the extended session Wednesday after ending the regular
   trading day down 0.5%.
   
   Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets
   as they move. Visit MarketWatch.com for more information on this news.
   
   
   12H AGO
   
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   Market Watch HeadLines
   
   : S&P 500, NASDAQ COMPOSITE END 0.2% LOWER
   
   
   This is a Real-time headline. These are breaking news, delivered the minute
   it happens, delivered ticker-tape style. Visit www.marketwatch.com or the
   quote page for more information about this breaking news.
   
   
   13H AGO
   
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   Investment News
   
   HOW TO FIRE PROBLEM CLIENTS
   
   
   Breaking up is hard to do. And it’s even harder for financial advisors who
   feel the need to cut ties with an active client.
   
   
   
   
   
   As any advisor will quickly admit, it’s not easy landing a new client. Most
   investors of means are already spoken for and the mere idea of signing all
   those papers to move an account will often spook a potential client back to
   his or her current advisor — even an underperforming one. Inertia, alas, may
   ultimately be the most powerful force in the wealth management industry,
   ranking up there with compound interest.  
   
   
   
   
   
   Bringing on new clients is also not inexpensive. According to a 2020 Kitces
   Research survey of more than 800 financial advisors, the average total cost
   for a financial advisor to acquire a new client is a hefty $3,119.
   
   
   
   
   
   That said, the report’s author, Michael Kitces, notes that a significant
   portion of that amount is the “time cost” to the financial advisor
   themselves, an average of $2,600 worth of time spent, or 83% of the total
   cost of client acquisition, while only $519 is typically spent on hard-dollar
   marketing costs.
   
   
   
   
   
   In other words, talk is not cheap when it comes to customer acquisition, so
   the decision to cut bait on a client is not one to be made lightly.  
   
   
   
   
   
   “Often, the reason for firing a client comes down to our ability to serve
   them well. Considerations for determining next steps include if our values
   align, if they fit our business model, are our personalities a good fit for
   each other,” said Laurie Humphrey of Granite Financial, which is part of
   Osaic. “If not, then the question arises: are they better suited for a
   different type of practice instead of with ours?”
   
   
   
   
   
   Andrew Crowell, vice chairman of wealth management at D.A. Davidson, says
   that while finding clients is challenging enough, firing them can be equally
   tough. But he says that no matter how hard an advisor may try, there are some
   clients who simply will not execute the recommended plan. 
   
   
   
   
   
   “I once inherited a relationship from an advisor who had retired,” Crowell
   recounted. “From the very first icy phone conversation, I realized this
   client was not going to let me implement recommendations. She constantly
   challenged my ideas, redirected the conversation toward other topics and made
   it clear that she ‘had other advisors.’ After several calls, I let her know
   that I didn’t think we were a good fit for each other.” 
   
   
   
   
   
   Crowell added: “Building a trusting relationship is critical to investment
   success, and I could just tell that we were not going to be able to develop
   that together. Having the confidence and conviction to take the initiative
   and let her go was liberating and made me redouble my efforts for my clients
   that do value the investment advice that I can provide.”
   
   
   
   
   
   Curtis Ray, CEO of MPI Unlimited, says it’s rare for him to terminate a
   relationship with a client, but when he does, it’s often because they want
   something done that is not possible or against the law.
   
   
   
   
   
   “A client once asked me to save money that had not been reported on their
   taxes, which is ultimately hiding money from the IRS,” he said. “I was
   unwilling to do that, which led to a frustrated client who I could no longer
   work with.”
   
   
   
   
   
   Brandon Dixon-James, president and wealth manager at Resilient Wealth
   Management, which is part of Osaic, bases his formula for firing clients on
   whether they are overly and unnecessarily demanding and whether their values
   are in alignment. 
   
   
   
   
   
   “The first client I ever fired was more concerned with the layout of the
   spreadsheet than the data input.  And she expected to meet monthly to go over
   her self-created spreadsheet, and we always spent the first hour of two going
   over the layout and the second hour debating the political climate. This went
   on for a year before I finally realized that this mentally draining and
   consuming too much time and energy to even be considered a good client
   although she had sizable assets,” Dixon-James said. “I felt a sense of
   freedom after this client was moved to an ex-client.”
   
   
   
   
   
   With regard to values not aligning, Dixon-James says he maintains an open
   mind and acceptance to people’s lifestyles and respects each person’s
   differences. When it comes to the financial planning process, however, he
   prefers for the client to stick with the plan. 
   
   
   
   
   
   “I have learned to walk a fine line and provide some guidance when those
   lines are approached, but will not allow those lines to be crossed and
   continue in that relationship,” he said. 
   
   
   
   
   
   Each Halloween is a time for Jeremy Gottlieb, financial advisor with
   Integrated Partners, to potentially give himself a treat by firing a client.
   As a financial advisor with the majority of his clients as retirees, he
   typically only loses a client when they pass away. But Gottlieb says he has a
   very small number of clients who think they are smarter than him when it
   comes to financial advice, or have heard better suggestions at a cocktail
   party, that he decides the added stress and aggravation is not worth it for
   him. So he fires them on his birthday, which so happens to be Halloween.
   
   
   
   
   
   “I know I give excellent service and a true value to my clients,” Gottlieb
   said. “But for these few who seem not to be pleased no matter how well I do
   for them, who are stressful and aggravating to service, it becomes
   detrimental to the practice to hang onto them. So, after a heartfelt
   decision, I tell them I hope they appreciated the valuable time and service I
   provided them over the years but since it has become apparent to me that my
   work is no longer to their satisfaction, if they choose to stay they will be
   under a different service model or they are welcome to leave, if they have
   another financial advisor in mind. I gladly allow for a smooth transition.”
   
   
   
   
   
   
   HOW DO THE WORLD’S TOP ATHLETES MAKE WINNING DECISIONS? SPORTSWRITER SALLY
   JENKINS EXPLAINS
   
   
   
   
   13H AGO
   
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   CNBC Investment News
   
   THESE ENERGY INVESTMENTS SPIN OUT ATTRACTIVE INCOME, EVEN AS OIL PRICES HAVE
   FALLEN
   
   
   Energy has fallen from its 2022 superstar status, but income-focused
   investors may still find some opportunities in the space.
   
   
   15H AGO
   
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   Economist
   
   CAN ANYTHING POP THE EVERYTHING BUBBLE?
   
   
   Risky assets are proving extraordinarily resilient to threats
   
   
   YESTERDAY
   
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   money crashers
   
   TASTYTRADE REVIEW — AN ONLINE PLATFORM FOR ACTIVE TRADERS
   
   
   Tastytrade is an excellent online brokerage for experienced, active traders,
   though its lack of support or education makes it inappropriate for everyone
   else. But even for the semi-pros, it isn’t perfect, so research it well
   before making it your platform of choice.
   
   
   The post Tastytrade Review — An Online Platform for Active Traders appeared
   first on Money Crashers.
   
   
   JUNE 29
   
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   Reuters News
   
   THOMSON REUTERS CORPORATION SIGNS DEFINITIVE AGREEMENT TO ACQUIRE CASETEXT
   
   
   TORONTO , June 26, 2023 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson
   Reuters") (NYSE / TSX: TRI), a global content and technology company, today
   announced it has signed a definitive agreement to acquire Casetext, a
   California -based provider of technology for legal professionals, for $650
   
   
   JUNE 27
   
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   wall street survivor
   
   REMITLY REVIEW: IS REMITLY THE BEST WAY TO SEND MONEY?
   
   
   Sending money internationally can be a challenge.
   
   
   
   
   
   Currency exchange rates, delivery difficulties, service fees, regulatory
   requirements, and other burdens can make it extraordinarily difficult to send
   even a nominal amount of cash abroad!
   
   
   
   
   
   Remitly, like other international money transfer services, aims to simplify
   this process. As the name indicates, Remitly was originally designed for
   international migrants to send remittances home to their families, but it has
   evolved into a general money transfer platform.
   
   
   
   
   
   What most people want to know is if Remitly is safe – the answer is yes,
   Remitly is a legit business that is well-known for providing international
   money transfer services!
   
   
   
   
   
   Also, Remitly is a public company operating in the United States, making it
   subject to strong regulation.
   
   
   
   
   
   Remitly stands out for having a lot of different delivery methods – including
   cash pick up! The platform also supports some countries that other transfer
   services do not.
   
   
   
   
   
   However, Remitly is also known for somewhat higher fees than competitors like
   Xoom or Wise. But Remitly does offer first-time users discounts to entice
   them to use the service, which makes it a good option for new users.
   
   
   
   
   
   Check out the intro discount applied to a potential transfer to Mexico below.
   
   
   
   
   
   
   
   
   
   
   So, is Remitly the best money transfer service to use? The answer depends on
   a number of factors, including speed of delivery and recipient country.  
   
   
   
   
   
   To better understand the platform, let’s start with a general overview,
   followed by answering some specific questions users are sure to have!
   
   
   
   
   
   
   OVERVIEW
   
   
   
   
   
   Remitly is a well-designed platform featuring a good mobile interface, which
   has made it a popular choice among younger users sending money
   internationally for the first time.
   
   
   
   
   
   But what truly matters for a money transfer service is not the user
   interface. What matters is the speed, security, and cost of getting money
   delivered.
   
   
   
   
   
   To better understand how Remitly performs in these areas, we’ll break down
   the most important features of the platform.
   
   
   
   
   
   > Pro Tip:
   > 
   > 
   > Remitly lets you send money to over 145 countries around the world, with
   > plenty of options for transfer speed and delivery method. Get started with
   > Remitly!
   
   
   
   
   
   
   SENDING LIMITS
   
   
   
   
   
   First things first: how much can you actually send on Remitly?
   
   
   
   
   
   Whether you’re a worker sending home money to your family, or an investor
   transferring money to a foreign bank, it’s important you understand how much
   money you’re allowed to send.
   
   
   
   
   
   Unfortunately, there is no simple answer for how much you can send on Remitly
   – it depends on the country you are sending to, the timeframe of your
   transfers, and the amount of personal information you are willing to provide
   Remitly.
   
   
   
   
   
   For instance, here is a transfer limit table for sending money to Brazil. As
   you can see, we can send up to $2,999 in a 24-hour period with our current
   tier.
   
   
   
   
   
   If you want to transfer more, though, be prepared to provide identification
   documents and information about your use of the service!
   
   
   
   
   
   
   
   
   
   
   
   DELIVERY SPEED
   
   
   
   
   
   Once we know our sending limits, we’ll also want to know how fast we can get
   funds delivered to where they need to go.
   
   
   
   
   
   Unfortunately, like so many things with Remitly, there is no simple answer to
   how long deliveries will take. Different countries have different delivery
   options, which of course take different lengths of time.
   
   
   
   
   
   Additionally, whether we choose to send an ‘Express’ or an ‘Economy’ transfer
   will impact the delivery time.
   
   
   
   
   
   Express transfers are faster, but cost more money. Economy transfers are
   slower, but you’ll get Remitly’s best price.
   
   
   
   
   
   Since Express transfers are funded with a credit or debit card, money can be
   transferred almost instantly via certain delivery methods. Economy transfers
   can be slower. For instance, if you are sending funds to India, Remitly says
   that money will be delivered in six days.
   
   
   
   
   
   
   
   
   
   
   
   DELIVERY METHODS
   
   
   
   
   
   In addition to speed, of course, we also want to know how our money will
   ultimately get delivered to the recipient.
   
   
   
   
   
   Not every person has easy access to a bank account, so Remitly offers several
   different non-bank options.
   
   
   
   
   
   Delivery method options will ultimately differ by the country that funds are
   being sent to, but many users report choosing Remitly due to the variety of
   delivery methods the platform supports.
   
   
   
   
   
   For instance, Remitly offers the following delivery methods for a transfer to
   India.
   
   
   
   
   
   
   
   
   
   
   While we can choose a standard bank deposit transfer, Remitly also offers a
   number of other convenient options!
   
   
   
   
   
   For instance, we could send funds via a UPI transfer, which is an alternate
   bank transfer platform specific to India. Additionally, we could select cash
   pickup, which allows our recipient to pick up the transfer in cash, typically
   at a bank. Of course, the recipient will need to show a valid ID to get the
   money!
   
   
   
   
   
   Finally, Remitly offers mobile money delivery options, which can deliver the
   funds directly to a recipient’s mobile wallet.
   
   
   
   
   
   
   DELIVERY COST AND FEES
   
   
   
   
   
   Now, the fastest transfer service in the world with unique delivery options
   would not be worth it if the fees were astronomical. So how much does Remitly
   cost to use?
   
   
   
   
   
   Fees come in two forms: an explicit fee listed on your transfer, and an
   exchange-rate markup (which is somewhat hidden on Remitly).
   
   
   
   
   
   Fees will differ based primarily on the country you are sending to and the
   currency pair you are exchanging.
   
   
   
   
   
   For instance, sending money to Indonesia costs a flat fee of $2.99, while
   sending money to Brazil (via Economy) will cost $1.99.
   
   
   
   
   
   
   
   
   
   
   It’s important to model your transfer for free before sending it, as the only
   way to know exactly what the process will cost is to enter the specific
   transaction amount and destination country on Remitly!
   
   
   
   
   
   Exchange-rate markups are difficult to determine, but the exchange rate
   listed on Remitly is not the market rate, so there is certainly an additional
   fee being paid by the sender. This is in contrast to a platform like Wise,
   which offers the mid-market rate.
   
   
   
   
   
   Thankfully, despite these costs imposed on the sender, the recipient is not
   responsible for any additional fees to receive the money!
   
   
   
   
   
   > Pro Tip:
   > 
   > 
   > Remitly lets you send money to over 145 countries around the world, with
   > plenty of options for transfer speed and delivery method. Get started with
   > Remitly!
   
   
   
   
   
   
   FAQ 
   
   
   
   
   
   Clearly, Remitly is a platform with a lot of value, but the true value will
   depend on which country you are sending money to and what delivery methods
   you require.
   
   
   
   
   
   With that being said, we can answer some common questions about Remitly to
   help figure out if this is the right money transfer service for you!
   
   
   
   
   
   
   IS REMITLY LEGIT?
   
   
   
   
   
   Yes, Remitly is legit. It is a public company with a good track record of
   reliably sending money internationally via different delivery methods.
   
   
   
   
   
   Some users have run into trouble with Remitly’s anti-money laundering
   requirements. These regulatory requirements, which require money transfer
   services to identify their customers and what they are using the platform
   for, often mean users have to upload specific documentation.
   
   
   
   
   
   For most users, though, ensuring a valid government ID and answering some
   common risk questions should be sufficient to use the platform without
   trouble.
   
   
   
   
   
   Remitly is regulated by a host of government agencies around the globe, most
   notably as a money services business by the US Department of Treasury.
   
   
   
   
   
   
   WHICH COUNTRIES CAN I SEND MONEY TO?
   
   
   
   
   
   Remitly advertises that users can send funds to more than 150 countries
   around the globe.
   
   
   
   
   
   The specific list of countries you can send to, though, will depend on the
   country you are sending from.
   
   
   
   
   
   For instance, from the US, users can send money to Albania, Brazil,
   Bangladesh, China, Mexico, India, Nigeria, Poland, Turkey, Kenya, and a whole
   host of other countries. Check out Remitly’s site for yourself and enter your
   home country for the full list of available countries!
   
   
   
   
   
   
   IS REMITLY OR XOOM BETTER?
   
   
   
   
   
   Xoom is a competing money transfer service to Remitly, which can sometimes be
   a better fit for certain users.
   
   
   
   
   
   Xoom is a PayPal service, so it might be especially useful for existing
   PayPal customers. Both Xoom and Remitly are reputable services, so safety is
   not a major difference between the two.
   
   
   
   
   
   While most reports indicate that Remitly’s fees are higher than Xoom’s, this
   is not always the case. The fee you end up paying will depend strongly on the
   individual circumstances of the transfer. Therefore, your best bet is to
   model your transfer on both sites to determine the best fee structure for
   you.
   
   
   
   
   
   
   IS REMITLY OR WISE BETTER?
   
   
   
   
   
   Wise is another money transfer service. One thing that makes Wise great is
   they have much more exchange-rate clarity. Wise offers transfers at the
   mid-market rate, which is the fairest price you are likely to get from any
   money transfer service.
   
   
   
   
   
   Wise does have a variable service fee, which can get large for bigger
   amounts. The platform may be best for small transfers, but since fees change
   all the time, it’s best to compare the current rates on the two respective
   websites.
   
   
   
   
   
   One area where Remitly stands out compared to Wise is in delivery methods.
   Remitly has more varied delivery methods, making it easier to get your money
   where it needs to be!
   
   
   
   
   
   
   PROS AND CONS
   
   
   
   
   
   While Remitly is a compelling choice to transfer money internationally, it’s
   important to consider the whole picture.
   
   
   
   
   
   Here, we list the major pros and cons of using the platform.
   
   
   
   
   
   
   PROS
   
   
   
   
   
      
      
    * Variety of delivery options and speeds for most transfers, including cash
      pickup and mobile money deposit.
      
      
      
      
      
      
      
      
    * Good introductory offers, including promotional exchange rates and no flat
      fees for initial transfers.
      
      
      
      
      
      
      
      
    * Excellent UI and mobile-first approach makes it easy to send money from
      your phone or through the web app.
      
      
      
      
      
      
      
      
    * Wide range of country and currency coverage that competes strongly with
      other services.
      
      
   
   
   
   
   
   
   CONS
   
   
   
   
   
      
      
    * Vague exchange-rate markup makes it uncertain whether you are getting a
      good price on the currency conversion.
      
      
      
      
      
      
      
      
    * Some transfers will require additional documentation, including
      identification and statements of purpose.
      
      
      
      
      
      
      
      
    * Limited sending countries, primarily restricted to the US, Australia,
      Canada, and Europe. This means transfers are typically one-way.
      
      
   
   
   
   
   
   > Pro Tip:
   > 
   > 
   > Remitly lets you send money to over 145 countries around the world, with
   > plenty of options for transfer speed and delivery method. Get started with
   > Remitly!
   
   
   
   
   
   
   FINAL VERDICT: IS REMITLY THE BEST?
   
   
   
   
   
   So, after reviewing all this information, can we say if Remitly is the best
   money transfer service?
   
   
   
   
   
   Remitly may be the best if you are looking for a service that supports many
   different countries and currencies, while offering a variety of delivery
   methods. But if you are looking for a service with the lowest price and clear
   fee transparency, it may not be!
   
   
   
   
   
   Therefore, which money transfer platform to use depends on your specific
   circumstance. But if you decide Remitly is right for you, they offer good
   introductory offers to make your initial transfer as cheap as possible!
   
   
   
   
   
   If you’re living outside of the U.S. and are looking for more finance
   platforms, read our eToro review!
   
   
   
   
   
   Remitly is one of the most flexibly money transfer platforms, with plenty of
   options for delivery method and speed!
   
   
   The post Remitly Review: Is Remitly the Best Way to Send Money? appeared
   first on Wall Street Survivor.
   
   
   
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