Tue.Sep 03, 2024

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1 Cryptocurrency to Buy Before It Soars Up to 84,380%, According to Michael Saylor

The Motley Fool

Michael Saylor is the Executive Chairman at MicroStrategy (NASDAQ: MSTR) , a company that specializes in business intelligence software. However, MicroStrategy is better known as the first public company to adopt Bitcoin (CRYPTO: BTC) as its primary treasury reserve asset, and it recently rebranded itself as a "Bitcoin development company." MicroStrategy owned 226,500 BTC as of July 31, currently worth more than $13 billion.

Assets 246
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SEPT. NEWSLETTER: Sale on paperback version of Financial Blogging!

Investment Writing

Financial Blogging’s paperback version is on sale direct from the author for shipment within the U.S. as long as supplies last. If you live in the U.S., you can buy a paperback copy of Financial Blogging: How to Write Powerful Posts That Attract Clients for only $27 including shipping. Email me your shipping address so I can send you a PayPal invoice and confirm that you’re eligible for this offer.

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This Is the Average 401(k) Balance for Ages 45 to 54

The Motley Fool

Determining how much you need to have saved in a 401(k) in your late 40s and early 50s can be tricky because so many factors come into play. However, comparing your 401(k) balance to those of others in your age group can help you see how you stack up against your peers. Plus, it might motivate you to stash away extra cash to beef up your savings. Image source: Getty Images.

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NewSpring invests in hotel renovation business Salisbury Moore 

Private Equity Wire

Pennsylvania-based lower middle market-focused private equity firm NewSpring has invested in US hotel renovation business Salisbury Moore via its private credit strategy, NewSpring Mezzanine. As part of the transaction, Farragut Capital Partners and Salem Investment Partners have also invested subordinated debt and equity in support of Progress Equity Partners’ recapitalisation of Salisbury Moore.

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Berkshire Just Hit $1 Trillion, but Warren Buffett's Signaling It's Time to Take Profits

The Motley Fool

We knew it was coming. We just didn't know when. Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) conglomerate just hit a market capitalization of $1 trillion for the first time, joining rare air occupied only by Microsoft , Nvidia , Apple , Alphabet , Amazon , and Meta Platforms. In fact, Berkshire Hathaway is the only non-tech company on the exclusive list.

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Clearlake Capital acquires private credit unit from Natixis

Private Equity Wire

Private equity firm Clearlake Capital, the co-owner of Chelsea Football Club, has finalised a deal to acquire a credit investment unit from Natixis, marking its entry into the booming $1.7tn private credit sector, according to a report by the Financial Times. The acquisition of European-focused MV Credit, which is valued at several hundred million dollars, which will add approximately $5bn to Clearlake’s credit portfolio, and boosts the firm’s total assets under management to over $9

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Cinven in exclusive negotiations with Ardian over Finaxy group acquisition

Private Equity Wire

International private equity firm Cinven has entered into exclusive negotiations to acquire the Finaxy group (Finaxy), a French multi-specialist insurance broker, from $168bn global private investment house Ardian. Financial details of the transactions, which will see Finally Founder and CEO Erick Berville make a significant reinvestment alongside Cinven, have not been disclosed.

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3 Reasons Not to Buy Your Tires at Costco

The Motley Fool

Image source: The Motley Fool/Unsplash If you're carefully watching your finances, there's no denying that Costco can be a great place to shop. However, you may want to think twice before heading to the warehouse store if it's tires you're looking for. That's not to say that Costco tires aren't suitable for anyone, but if any of the following points apply to you, shopping around is your best bet. 1.

Finance 246
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Axle Point Capital launches, eyeing business services, diversified industrials deals

AltAssets

New private equity firm Axle Point Capital has launched targeting lower mid-market deals in the business services and diversified industrials segments. The post Axle Point Capital launches, eyeing business services, diversified industrials deals appeared first on AltAssets Private Equity News.

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3 Signs You're Not Making the Most of Your Medicare Coverage

The Motley Fool

Millions of older Americans rely on Medicare for healthcare coverage in retirement. And unfortunately, that coverage doesn't come cheap. There's a monthly premium associated with Medicare Part B, which covers outpatient services, as well as an annual deductible that needs to be met. That's on top of the premiums you'll pay for a Part D drug plan or a Medicare Advantage plan if you choose one as an alternative to original Medicare.

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Titanbay teams with Mercer to offer PE fund of funds for wealth managers, private banks

AltAssets

Titanbay, a provider of private market solutions for wealth managers and private banks, has launched its 2024 fund of funds programme. The post Titanbay teams with Mercer to offer PE fund of funds for wealth managers, private banks appeared first on AltAssets Private Equity News.

Banks 98
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Ford Is Canceling Another Electric Vehicle Plan and Losing $2 Billion to Do It -- Should Investors Be Worried?

The Motley Fool

Ford (NYSE: F) recently delayed plans for its much-anticipated new electric pickup truck and canceled plans for a three-row electric SUV altogether. This will cost the automaker $1.9 billion, and many investors are a bit concerned about the future of Ford's EV strategy. In this video, Fool.com contributors John Rosevear and Matt Frankel discuss whether investors should be worried.

Investors 246
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Frazier Healthcare among $830m of New Mexico SIC commitments

AltAssets

The $56bn-managing New Mexico State Investment Council has picked buyout firms including Frazier Healthcare and Veritas Capital among a new $830m slate of fund commitments. The post Frazier Healthcare among $830m of New Mexico SIC commitments appeared first on AltAssets Private Equity News.

Buyout 98
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More Than 1 in 4 Retirees Rely Exclusively on Social Security. Here's Why That's a Problem

The Motley Fool

Most people couldn't imagine retirement without Social Security to help them. Many beneficiaries get tens of thousands of dollars from the program annually, with the average annual benefit coming in just over $23,000 as of July 2024. It's a great start, but Social Security was never supposed to be your whole retirement plan. Still, roughly 27% of retirees rely exclusively on their benefits, according to The Motley Fool's recent survey on Social Security.

Taxes 246
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Investcorp restructures leadership team as Co-CEO steps down

Private Equity Wire

Investcorp, the largest private equity firm based in the Gulf region, is undergoing a significant leadership reorganisation that will see one of its long-standing Co-Chief Executives, Hazem Ben-Gacem, step down from his role. Ben-Gacem, who has been with Investcorp since 1994 and served as Co-CEO since 2018, will leave the firm on 1 November, but will continue as Vice-Chairman of Investcorp Capital, the firm’s listed alternatives unit.

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Wall Street Predicted Nvidia Stock Was Headed Lower Before the Company's Q2 Update. Here's What Analysts Think Now.

The Motley Fool

By most standards, Nvidia (NASDAQ: NVDA) hit the ball out of the park with its fiscal 2025 second-quarter results. The company reported record revenue of $30 billion, a 122% year-over-year increase. It posted earnings that soared 168% from the prior-year period. Nvidia's guidance projected even higher revenue next quarter. And yet the stock sank after these stellar numbers.

Companies 246
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BNP Paribas AM hits €150m for new eco-transition growth fund, eyes €200m hard cap

AltAssets

BNP Paribas Asset Management has reached its minimum €150m target for its Solar Impulse Venture Fund, which plans to continue fundraising until the end of 2024. The post BNP Paribas AM hits €150m for new eco-transition growth fund, eyes €200m hard cap appeared first on AltAssets Private Equity News.

Funds 98
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Statistics Say: This Is the Best Age to Claim Social Security

The Motley Fool

The age you sign up for Social Security is one of the most important factors influencing your benefit amount, and it can affect your payments by hundreds of dollars per month. Filing at your full retirement age (which is age 67 for everyone born in 1960 or later) will earn you 100% of your benefit based on your earnings history. By claiming earlier than that, your payments will be reduced, while delaying benefits up to age 70 will result in the largest possible monthly payments.

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Blackstone acquires majority stake in $1.2bn European logistics fund

Private Equity Wire

Private equity giant Blackstone has acquired an 80% stake in a European warehouse portfolio managed by Burstone, marking the latest move by the US investment manager into the booming warehouse sector fuelled by the rise of e-commerce, according to a report by Reuters. Burstone, a Johannesburg-listed company which was previously Investec’s property fund, announced the sale of the controlling interest in its €1.1bn ($1.2bn) logistics portfolio, which spans seven countries, including Germany,

Stakes 97
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I Hope to Retire in My 50s. Here's How I Plan to Pull It Off.

The Motley Fool

I love my job, but I've never been the sort of person who wanted to work forever. I enjoy spending time with friends and family and I have hobbies that I never seem to have much time to do. I hope that retirement will give me the time I need to prioritize these activities. Right now, I'd like to retire in my 50s. It's an ambitious goal, but I've still got a few decades to save and I have a plan I think will help me pull it off.

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Increase your prospects when you redefine your network

Million Dollar Round Table (MDRT)

By Ming-Fong Huang, CFP, AFP Usually, we define prospects as people we talk to face-to-face; however, people are often too busy to meet. If we redefine prospects by redefining our network, we can grow the number of prospects exponentially. Connect on social media Start by asking for your prospects’ social media information and connect with them there.

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2 AI Stocks That Could Create Lasting Generational Wealth

The Motley Fool

Artificial intelligence (AI) is creating tremendous new opportunities in software and computing hardware. The AI market is projected to grow at an annualized rate of 28% through 2030 to reach $826 billion, according to Statista. This growth will certainly send some stocks skyrocketing in value in the years to come. Here are two great choices to help you profit from this opportunity. 1.

Prospects 245
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Oakley Capital sells Ocean Technologies Group to Lloyd’s Register

Private Equity Wire

Pan-European private equity investor Oakley Capital’s Oakley Capital Fund IV has agreed to sell its majority stake in maritime sector software provider Ocean Technologies Group (OTG) to Lloyd’s Register, a global professional services group specialising in marine engineering and technology. Under Oakley’s ownership, OTG has generated strong revenue and EBITDA growth and has developed from an e-learning specialist to become a global provider of human capital management and operational softw

Capital 94
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Why Taiwan Semiconductor Manufacturing Stock Was Sliding Today

The Motley Fool

Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) were falling today as bearish momentum in the broader semiconductor sector seemed to weigh on the stock. There was also a news item out of Japan that brought up a familiar bogeyman for TSMC. As of 12:18 p.m. ET, the stock was trading 5.8%, while the Nasdaq Composite had lost 2.3%, indicating a broader pullback in the market.

Returns 243
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NORD hits €250m target for new co-invest fund, will continue fundraising until year end

AltAssets

Micro and small-cap investor NORD Holding has hit its €250m target for its latest co-invest fund at the third close of the vehicle, with eyes on a final close by year end. The post NORD hits €250m target for new co-invest fund, will continue fundraising until year end appeared first on AltAssets Private Equity News.

Funds 93
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Should Nvidia Investors Worry About Its Declining Gross Margin?

The Motley Fool

Shares of Nvidia (NASDAQ: NVDA) sold off after the company's recent earnings report and are now down about 11% from their all-time high. Nvidia is still posting excellent growth, with revenue up 122% in the quarter, ahead of analyst expectations. But with the stock exceeding a $3 trillion market cap and expectations extremely high, Nvidia sold off anyway following the release.

Investors 243
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Deal Roundup: Cinven set to buy Ardian’s Finaxy, Vitruvian agrees to sell Benify to Apax’s Zellis

AltAssets

Cinven has entered exclusive negotiations to acquire the Finaxy Group, a French multi-specialist insurance broker, from Ardian The post Deal Roundup: Cinven set to buy Ardian’s Finaxy, Vitruvian agrees to sell Benify to Apax’s Zellis appeared first on AltAssets Private Equity News.

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3 Dividend Stocks to Double Up on Right Now

The Motley Fool

We're down to the last four months of the year. With interest rates likely heading lower on traditional fixed income investments now, let's turn our attention to dividend-paying stocks that can also reward you with some capital appreciation. Realty Income (NYSE: O) , Costco Wholesale (NASDAQ: COST) , and Royal Caribbean Cruises (NYSE: RCL) are three dividend stocks that you might want to consider doubling up on right now.

Taxes 243
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Chelsea FC co-owner Clearlake buys private credit business from Natixis

Financial Times M&A

Private equity firm makes move into fast-growing direct lending market with acquisition of MV Credit

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This AI Stock Just Raised Its Dividend by 15%, and Even More Passive Income Should Be Coming

The Motley Fool

While a few big semiconductor names tend to garner all of the AI headlines, the growing AI buildout is benefiting the entire chip production ecosystem. That includes semiconductor equipment stocks, tasked with making more volumes of increasingly complex chips. Amid high demand for more complex chips, revenue and profit are sure to flow to these companies.

Prospects 243
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Harbour boss warns windfall tax rise will hit oil investment at wrong time

Financial Times M&A

CEO of biggest UK North Sea producer says sector will be vital for decades as Wintershall deal completes

Taxes 88
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53% of Americans Say Taxes Are Too Complicated. Here's How to File Taxes Fast (and for Free)

The Motley Fool

Image source: The Motley Fool/Upsplash Last year, I spent hours filing taxes on two platforms, TurboTax and Taxslayer. The experience was similar. I drowned in tax forms, then the tax software helped me breathe long enough to fill them out. In the middle of it all, while I hit peak exhaustion, I was upsold on premium products. Kind of icky, if I do say so myself.

Taxes 242
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Ivanhoé Cambridge’s Real Estate Binge Heading Towards a Reckoning?

Pension Pulse

In July, Rich Bockmann of The Real Deal reported on whether Ivanhoé Cambridge’s real estate binge heading towards a reckoning: Few real estate investors helped fuel the frenzy of the 2010s quite like Ivanhoé Cambridge — and few are staring down today’s aftershocks like the major Canadian investor. Over the last decade, the real estate arm of Quebec’s $300 billion pension fund tore through U.S. cities, paying top dollar to buy trophy properties.

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4 Little Ways You're Wasting Money

The Motley Fool

Image source: The Motley Fool/Upsplash When's the last time you took a good hard look at the money you waste? We all do it -- even personal finance writers. I like to think I have a pretty good handle on my spending, and then I remember how many times I've paid credit card interest, thrown out food, and hung onto a streaming service for longer than I should have.

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