Markets News 

7 investments to make with your tax refund

“The average federal tax refund is about $2,800, although some taxpayers may receive slightly less this year under the new tax law” writes Aol Staff for aol.com. Here are seven stocks or ETFs to invest your tax refund in for the long term.This fund’s top holdings include Microsoft Corp. (MSFT), Apple (AAPL), Amazon.com (AMZN) and Berkshire Hathaway Class B (BRK/B), to name a few.This fund’s top holdings include tech behemoths Apple and Microsoft as well as consumer discretionary companies like Amazon and Home Depot (HD). Source: aol.com

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Crypto News 

Coinbase CEO Brian Armstrong Tackles Four ‘Myths’ About Crypto Custody

“Brian Armstrong, co-founder and CEO of United States crypto exchange and wallet Coinbase, has outlined what he believes to be four common misconceptions about crypto custody solutions” writes Marie Huillet for cointelegraph.com. Armstrong’s first argument tackles the perception that hot storage is always necessary to provide the flexibility and speed required to execute trades.Cold storage refers to a method of keeping crypto holdings and users’ private keys offline in order to safeguard against theft via a remote attack.Armstrong closes his article with a note about hot storage, writing: “With hot…

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News 

Metro Bank receives $156.6 million in funding

“Metro Bank PLC (MTRO.LN) said Friday that it has been awarded 120 million pounds ($156.6 million) in funding from Banking Competition Remedies Ltd” writes Adria Calatayud for marketwatch.com. The funds received from BCR–the independent body overseeing the GBP775 million being provided by Royal Bank of Scotland Group PLC (RBS.LN) to fund competition in British business banking–will be deployed to meet the needs of small and medium enterprises, Metro said. RBS is providing the funds as part of a plan to comply with European state-aid rules as the U.K. looks to…

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News 

These are the 3 big reasons you should use a financial adviser

“For years, personal finance magazines and websites have advised people to wait until 70 to claim Social Security retirement benefits” writes Howard Gold for marketwatch.com. Not too long ago, well-heeled individuals relied on financial advisers for almost everything from basic expense planning to deciding where to invest their money.Read: Target-date funds are more expensive and less effective than this simple investment plan So, where does that leave financial advisers?. There are other issues in which financial advisers can add value, including whether to take a reverse mortgage and whether to…

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News Stocks 

The best-performing hedge funds are buying Yelp, Adobe and these other stocks

“Here are the top hedge funds’ new positions based on these fourth-quarter filings” writes unknown author for cnbc.com. Aisling Capital, First Light Asset Management, Goodnow Investment Group are among the top stock-picking hedge funds with a track record of beating the market over the last three years.Symmetric.io grades the stock-picking ability of nearly 1,000 hedge funds in its database with a proprietary indicator of performance called StockAlpha.In the hedge fund industry, much of the attention is given to big names such as David Einhorn and Bill Ackman, but some smaller,…

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News 

Lithuania’s Central Bank Now Allows Crypto-Based Investment Funds

“The document specified which terms FMPs may establish investment funds for virtual assets, and created parameters for how and when virtual assets can be used for payment” writes Rachel Mcintosh for financemagnates.com. The Central Bank of Lithuania has officially updated its views on ICOs (initial coin offerings) and digital assets, according to an announcement published last week.However, there are some caveats: FMPs are forbidden to accept digital assets with the requirement to repay them with or without interest.The most recent announcement tells that although the bank has not made significant…

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Brokers News 

Has your broker or advisor landed on FINRA’s ‘bad guy’ list?

“In other words, how well do you know your advisor or broker?” writes -andy Penry for cnbc.com. In December alone, brokerage firms agreed (without admitting or denying guilt) to an aggregate $2.4 million in fines — and more than half of that amount arose from inadequate supervision of brokers who caused investor harm, according to the latest rundown of enforcement actions by the Financial Industry Regulatory Authority. Commonly called FINRA, it’s the self-regulatory organization for roughly 630,000 brokers — some of whom also are registered with the Securities and Exchange…

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Crypto News 

First Pension Funds Investing in Crypto — a Sign of Things to Come?

“This survey was carried between December 2018 and January 2019, and 71 global institutional investors took part, which included private equity, hedge funds and pension funds” writes Gareth Jenkinson for cointelegraph.com. When asked if he expected other governmental pension funds to look to invest in the space, Weiler replied that ‘he had no idea’.The news is being hailed as the first time a United States pension fund has directly invested into cryptocurrency assets.Considering this fact, the move by Morgan Creek Digital is a positive sign for the cryptocurrency ecosystem amid…

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News 

White House says it will seek return of billions in federal funds for California rail line

“In his State of the State address, Newsom declared that the originally proposed rail project was too expensive for the state and that California would instead use the federal funds to complete a shorter segment of the rail through the Central Valley” writes General Assignment Reporter for washingtonpost.com. The tweet came one day after a coalition of 16 states, including California, filed a federal lawsuit against the Trump administration, claiming its move to declare a national emergency for the border wall was unconstitutional. Source: washingtonpost.com

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News 

California rail

“In his State of the State address, Newsom declared that the originally proposed rail project was too expensive for the state and that California would instead use the federal funds to complete a shorter segment of the rail through the Central Valley” writes General Assignment Reporter for washingtonpost.com. The tweet came one day after a coalition of 16 states, including California, filed a federal lawsuit against the Trump administration, claiming its move to declare a national emergency for the border wall was unconstitutional. Source: washingtonpost.com

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