Markets News 

The pros and cons of investment apps

“Here are some pros and cons of popular investment apps on the market today, according to Whitlow” writes Jade Scipioni for foxbusiness.com. These low engagement rates have prompted many entrepreneurs to create and develop several investment apps to encourage more people to invest in their futures.To sign up for the app, users must fill out an application.This app allows users to buy fractional shares with as little as $5 to start investing towards their retirement.It’s no surprise that most Americans — especially millennials — aren’t investing in the stock market…

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Crypto Markets News 

Investing in cryptocurrencies? Understand how to diversify your portfolio

“When I first started investing in cryptocurrencies, I decided to go all in on Ether, the native currency of the Ethereum blockchain” writes Trond Vidar Bjor for venturebeat.com. The basic idea is that investing in a decentralized application (dapp) token can be compared to investing in a startup company.Investing in a protocol token, on the other hand, means you diversify across all applications that will be built on the protocol, drastically increasing your winning chances.Perhaps you prefer to diversify vertically, in various dapps and protocols living on the same blockchain.Or…

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Markets News 

A hedge fund that focuses solely on marijuana is crushing it

“Stiefel and Kaden say their fund, Navy Capital, is the first hedge fund of its kind, focused solely on a running a long-short portfolio in the public cannabis market” writes Jeremy Berke for businessinsider.com. He’s invested half of his net worth with Navy’s cannabis fund.The return on that initial investment led Stiefel, a former hedge fund trader, and Kaden, a Yale Law graduate and Stiefel’s former colleague at the hedge fund Northwoods Capital, to go all in on the public cannabis market. Source: businessinsider.com Share This:

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News 

I used an investing app for the first time and it made for the easiest $300 I ever saved

“When it comes to managing my money, I like to keep things as simple as possible” writes Kathleen Elkins for cnbc.com. I answered a few basic questions about my age, income and time horizon and, based off of those responses, the app recommended investments that suited my risk profile.While I’m not one to mess with a well-oiled machine, the more I heard about apps that automatically invest your money, the more intrigued I became.I decided there’d be no harm in experimenting with one so, about a year ago, I downloaded…

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Markets News Stocks 

Investing for retirement: a long-term game many workers aren’t even playing

“The recent volatility of the stock market represents an important teachable moment about investing and saving for retirement” writes Angela Antonelli for marketwatch.com. The lesson from this: highlighting short-term gains to retirement portfolios can do more harm than good to long-term retirement savings and can weaken the financial well-being of today’s workers.We are seeing this now as a rising stock market increased the size of retirement portfolios.More than half today’s private sector workers – an estimated 55 million Americans – do not have access to an employer-sponsored retirement savings program.But…

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Markets News Stocks 

If you’re under 40 you should be hoping for another stock plunge, says pundit Josh Brown

“But wealthy 80-year-olds are probably not even investing for themselves, they’re probably investing money for the next generation” writes James F for latimes.com. The media’s job — no offense — is to train people to think that a falling market is negative.Maybe it’s negative if you’re 80 and you have 100% stock exposure, yeah it sucks.Our job as advisors is to train people to think that way. So even they should be cheering for the market to fall. Source: latimes.com Share This:

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Markets News Stocks 

The stock market collapse has blown a giant hole in mindless ETF investing

“If your retirement savings are invested in an exchange-traded index fund (ETF), you’re probably hurting from last week’s stock market collapse” writes Jim Edwards for businessinsider.com. Nonetheless, he says: “ETF investors who get their next statement, may be shocked that the market has not continued to move ever higher.So many ETF investors believe they are in diversified safe strategies when the exact opposite has been the case.Investors also like them because they offer a diversified portfolio: You’re buying every stock in the index.Last week’s massacre exposes another problem: ETFs have…

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News 

Salesforce is investing $2 billion in Canada, as US tech firms head north

“Facebook Inc in September said it would expand its artificial intelligence research lab in Montreal, where Microsoft Corp also plans to double the size of its research lab” writes Adam Jeffery for cnbc.com. In May, Uber Technologies said it would open a new artificial intelligence research hub in Toronto.Toronto is a hub for artificial intelligence research and Canadian Prime Minister Justin Trudeau is visiting California this week in part to speak with U.S. technology chief executives.U.S. business software developer Salesforce.com will pump $2 billion into its Canadian business over the…

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Crypto News 

Top tips for investing in cryptocurrency

“Governments and regulators worldwide are now exploring ways to control the cryptocurrency market” reports zdnet.com. While some countries, such as China, have chosen to outlaw payments made in cryptocurrency altogether and rumors of a similar crackdown in South Korea had enough power to rock Bitcoin prices, others, such as Sweden and Denmark, welcome trading. Changes in the regulatory space are enough to close exchanges and send prices crashing, so stay vigilant to any laws which prevent trading or may harm your investment. Source: zdnet.com Share This:

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