Markets News Stocks 

This stock fund provides a safety net by guaranteeing almost all of your principal

“An example of this type of investment is the Defined Preservation 95 Fund from m+ funds” writes Investing Columnist for marketwatch.com. M+ funds is headquartered in Darien, Conn., and has about $100 million in assets under management.It can vary, with different levels of potential gains and loss guarantees as the fund issues more unit investment trusts.So there will be plenty of variation in the terms of the unit investment trusts that are offered as the months go buy. Source: marketwatch.com

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Crypto News 

New Analysis Suggests $16 Million in Crypto Stolen in Cryptopia Hack

“As much as $16 million worth of Ethereum (ETH) and ERC20 tokens were stolen in the recent hack of New Zealand exchange Cryptopia, according to an analysis from blockchain infrastructure firm Elementus, Jan. 20” writes Marie Huillet for cointelegraph.com. Elementus’ findings and analysis were published under a week after Cryptopia first publicly announced its detection of the breach.Value of crypto assets stolen from Cryptopia as of Jan. 19. On Jan. 17, Binance’s CEO reported that the exchange had frozen tokens sent to its wallet by the entity who allegedly hacked…

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Markets News 

BlackRock plans environmentally conscious money market fund: filing

“The world’s largest fund manager told the U.S. Securities and Exchange Commission that it wants to launch a money-market fund that will invest primarily in debt from issuers who have better-than-average environmental practices” writes Midwest Communications Inc for 95kqds.com. Last week, a hoax letter purporting to be from Fink claimed the fund manager would require companies it owns to align their businesses with measures to counter climate change.NEW YORK (Reuters) – BlackRock Inc is planning a new fund for investors looking to park their cash safely while helping the environment,…

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Crypto News 

Airdrop Error Costs Coinnest $5 Million, Plans to Restore Funds

“In addition, some customers also received Korean won from the exchange in their accounts due to some server error” writes Arnab Shome for financemagnates.com. Last year, South Korean authorities detained the exchange’s co-founder and CEO Kim Yik-hwan on charges of embezzlement.South Korean crypto exchange Coinnest has made a major mishap as it has accidentally transferred millions worth of digital assets to clients’ accounts in an airdrop.Reportedly, this happened due to a computer error and the exchange ended up sending Bitcoin and other cryptocurrencies worth around 6 billion Korean won ($5.3…

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News 

Cryptopia Alleged Hack: Police Are on the Case While Community Tracks Down Stolen Funds

“The crypto exchange reportedly has around 1.4 million registered users and is the largest crypto exchange in the country” writes Stephen O’neal for cointelegraph.com. In what seems to be one of the first major security breaches of 2019, New Zealand-based digital assets exchange Cryptopia was allegedly hacked this week.Similarly, other Twitter users have published screenshots suggesting that coinexchange.io has also been warned about some of the stolen funds from Cryptopia being traded on their platform.Cryptopia Limited, the company behind the self-titled exchange, was registered in July 2014, and the platform…

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Markets News 

Bogle’s legacy: Booming index funds with perhaps too much reach

“Another challenge facing index funds is how they will fare in volatile markets” reports businessinsider.com. As recently as 2007, index funds and ETFs accounted for only 15 percent of long-term fund assets, according to the Investment Company Institute.Even after Bogle left Vanguard’s board of directors in 1999 he remained a tireless advocate for index funds.The 2007-2009 financial crisis buttressed Bogle’s view that in the long run low-cost passive vehicles hold fundamental cost advantages over actively managed funds. Source: businessinsider.com

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Markets News 

It’s easy to be an index investor like Jack Bogle, and here’s how you can do it

“Jack Bogle needed hefty amounts of brainpower and market know-how to put together the first index fund” writes Brendan Mcdermid for cnbc.com. Most mutual fund managers who picked stocks couldn’t keep up with basic benchmarks like the S&P 500, much less beat them, he found.”My goal was to create only an enterprise that was of the shareholder, by the shareholder, and for the shareholder.”. Bogle’s passive fund has only a relative handful of peers in the mutual fund space, but exchange-traded funds, of which he was suspicious, have brought index…

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News 

Top HUD official resigns after fight over Puerto Rico disaster funds

“A top official at the Department of Housing and Urban Development is leaving after a fight with other administration officials over whether to withhold disaster-recovery money from Puerto Rico” reports washingtonexaminer.com. Both career HUD staffers and those working under the Trump administration say that during her 16 months at the agency, she was the main administrator running the department, and many viewed her as HUD’s most capable leader.I’m not mad at the administration.”.  Source: washingtonexaminer.com

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