Sun.Jan 21, 2024

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What to Do if You Missed Open Enrollment for Health Insurance in 2024

The Motley Fool

Image source: Getty Images The last day of open enrollment for health insurance in 2024 was Jan. 16, 2024. Open enrollment is an important time of year because it lets people choose their health insurance plan for the next 12 months. Most people who have health insurance at work sign up for insurance and other employee benefits during open enrollment.

Finance 264
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New All-Time Highs After a Bear Market

A Wealth of Common Sense

It’s been a while but we’re back: After a little more than two years, the S&P 500 finally took out the highs from January 2022 on Friday. New all-time highs! This bear market felt nasty in 2022 but it was fairly run-of-the-mill when compared with the biggest downturns over the past 70+ years. Here’s an updated table of S&P 500 bear markets since 1950 along with the number of days it has taken to.

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What to Do if You Regret Buying Your Home

The Motley Fool

Image source: Getty Images It is estimated that a human makes up to 35,000 decisions each day. We must decide on everything, from whether we're skipping breakfast to which podcast we'll listen to on the way to work. And the sneaky thing is, some truly monumental decisions are hidden within all those tiny decisions. As we decide whether we want to make an offer on a home, we're also deciding if it's cool enough outside to wear a coat and if we should feed the dogs before leaving the house.

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Tandem Raises $3.7M in Seed Funding

FinSMEs

Tandem, a Chicago, IL-based provider of an app for couples to manage their finances together, raised $3.7m in seed funding. The round was led by Corazon Capital, with participation from several individuals. The company intends to use the funds to expand operations and its business reach, and develop the platform with additional features and build […] The post Tandem Raises $3.7M in Seed Funding appeared first on FinSMEs.

Funds 111
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Retiring in 1 of These States? You Might Lose More of Your Social Security to Taxes in 2024.

The Motley Fool

Social Security is an essential part of millions of Americans' retirement finances. After years of paying Social Security taxes, retirement is a time to reap the benefits with a consistent income source after you're done working. Unfortunately, the IRS doesn't go away in retirement. Like other forms of income, the IRS and states have specific rules for Social Security benefits.

Taxes 261
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Pomelo Raises $40M in Series B Funding

FinSMEs

Pomelo, a Buones Aires, Argentina-based payments infrastructure provider, raised $40m in Series B funding. The round was led by Kaszek with participation from Monashees, Index Ventures, S32, TQ Ventures, and Endeavor Catalyst. The company intends to use the funds to continue to expand operations and its business reach. Led by Vincent Choi, CEO, Pomelo provides a […] The post Pomelo Raises $40M in Series B Funding appeared first on FinSMEs.

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Sony calls off $10bn Zee merger in India after two years of talks

Financial Times M&A

Japanese group resisted chief executive Punit Goenka’s demand to stay on after merger

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Why Cathie Wood Believes Bitcoin's Upcoming "Halving" Will Redefine the Crypto Market in 2024

The Motley Fool

The upcoming halving of mining rewards in the Bitcoin (CRYPTO: BTC) network is not like the others. Ark Invest mastermind Cathie Wood found a game-changing quality in this fundamental update that sets it apart from the first three. Will this unique event make Bitcoin a better long-term storage system for wealth than investing in gold ? Let's have a look.

Legal 246
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Nobody reaches success alone

Million Dollar Round Table (MDRT)

By Sim Gakhar, CHS, CEA We are in a lonely business. We don’t have to be in it all by ourselves though. If we are, we may find it takes us years to reach our goals, if we ever do. Nobody has ever reached high levels of success on their own. Perhaps then it isn’t surprising that I learned at my first MDRT Annual Meeting that the successful financial advisors I talked to had coaches.

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Warren Buffett Is Set to Make $2 Billion in Dividend Income in 2024 From Just 3 Stocks

The Motley Fool

Warren Buffett has made fortunes for early investors in Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) who held on to the stock for the long term. The stock returned 3,787,464% from 1965 through 2022. That's more than 150 times the 24,708% return from the S&P 500 index over the same period. Contributing to those returns was the growing value of Berkshire's stock holdings -- a portfolio worth $318 billion at the end of 2023's third quarter.

Stakes 246
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Flowdesk Raises $50M in Series B Funding

FinSMEs

Flowdesk, a Paris, France-based full-service digital asset trading technology company, raised $50m in Series B funding. The round was led by Cathay Innovation with participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI and Ripple.‍ The company intends to use the funds to consolidate the position as a service provider, as well as to expand its OTC offering, its regulatory coverage in Singapore and […] The post Flowdesk Raises $50M in Series B Funding appeared first on FinSME

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1 Unstoppable Vanguard ETF That Could Turn $400 Per Month Into $790,000 With Next to No Effort

The Motley Fool

Investing in the stock market can help generate wealth that lasts a lifetime, and the best part is that you don't need to be rich to get started. With the right investments, you can turn a few hundred dollars per month into hundreds of thousands of dollars or more over time. If you're new to the stock market or simply want a no-fuss investment that requires little effort, an exchange-traded fund (ETF) may be a smart bet.

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Wynnchirch Capital Closes on Fund VI at $3.5 Billion

FinSMEs

Wynnchirch Capital, a Rosemont, IL-based middle market private equity firm, closed its sixth private equity fund, Wynnchurch Capital Partners VI, at $3.5 Billion. Fund VI investors include: state pension funds, sovereign wealth funds, endowments, insurance companies, corporate pension plans, investment advisors and family offices from around the globe.

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Here's the Only Artificial Intelligence (AI) Stock That Warren Buffett and Cathie Wood Both Own As 2024 Begins

The Motley Fool

Warren Buffett and Cathie Wood are like two peas in a pod. At least, that's the case if the pod spanned millions of miles and the two famous investors were on polar ends of it. The reality is that Buffett and Wood don't see eye-to-eye on many stocks. However, there's one notable exception. Here's the only artificial intelligence (AI) stock that both Buffett and Wood own as 2024 begins.

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General Atlantic buys Actis in all-cash deal

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post General Atlantic buys Actis in all-cash deal first appeared on Africa Capital Digest.

Capital 52
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Can Joe Biden's 4-Point Plan Save Social Security? Here's What a Comprehensive Study Showed

The Motley Fool

For most retirees, Social Security income is a necessity to make ends meet. As many as 90% of retirees surveyed by Gallup over the past two decades have noted that they lean on their monthly check, to some degree, to cover their expenses. Considering how many retired workers, workers with disabilities, and survivor beneficiaries count on Social Security, you'd think ensuring the financial foundation of America's top retirement program would be paramount.

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Asset managers inconsistent on labour rights: 2023 proxy voting results

Top 1000 Funds

Asset owners collaborating to influence labour rights in investee companies have another string to their bow with the release of the Committee on Workers' Capital report examining large fund manager voting performance.

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Can This Top Cathie Wood Stock Hit $125 in 2024?

The Motley Fool

Last year was a great one for Roku (NASDAQ: ROKU) shareholders, as the stock soared 125% in 2023. But that gain doesn't take away from the fact that the stock is still 82% below its all-time high (as of Jan. 15). The beaten-down price has prompted Cathie Wood to add to her position in the streaming stock in the new year. It's currently the third largest holding in her firm's flagship Ark Innovation ETF.

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FMO tops up commitment to Finance in Motion debt fund

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post FMO tops up commitment to Finance in Motion debt fund first appeared on Africa Capital Digest.

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3 Ridiculously Cheap British Large-Cap Stocks With Great Dividends to Buy in 2024

The Motley Fool

2023 was a great year to own stocks. The S&P 500 index of America's 500 biggest companies surged an above-average 17.5% last year, and after hitting a bit of a speed bump in the first week, has kept moving higher in the New Year -- up about 1% right now. That sounds like good news, but it does come with a downside. At 26 times earnings, the S&P 500 index looks historically expensive.

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EBRD considers equity deal in $300mln renewable energy platform

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post EBRD considers equity deal in $300mln renewable energy platform first appeared on Africa Capital Digest.

Capital 52
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Should You Take Social Security at Age 62, 65, or 70? Statistics Show This Is the Best Age

The Motley Fool

When to claim Social Security is an important financial decision with life-long repercussions. Every scenario has pros and cons. Workers can maximize their benefit by claiming at age 70, but doing so means going without Social Security for several years. Alternatively, workers can maximize the number of payments they receive by claiming at age 62, but doing so means a smaller benefit for life.

Taxes 246
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EAIF secures access to significant additional debt financing

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post EAIF secures access to significant additional debt financing first appeared on Africa Capital Digest.

Debt 52
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This Is the Maximum Social Security Benefit at 62 -- and Exactly How to Achieve It

The Motley Fool

For many older adults, Social Security can make or break retirement. More than one-third of nonretired adults say their benefits will be a major source of income in retirement, according to a 2023 Gallup poll, and an additional 48% say they'll be depending on Social Security but to a lesser degree. If you're going to be relying on your benefits, it's wise to make the most of them.

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Egyptian Fintech secures round to support EMEA expansion plans

Africa Capital Digest

Zeal, a fintech startup with offices in London and Cairo, has raised capital in a [.] The post Egyptian Fintech secures round to support EMEA expansion plans first appeared on Africa Capital Digest.

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Occidental Petroleum Still Isn't as Good as ExxonMobil or Chevron in 1 Very Important Way

The Motley Fool

When Warren Buffett invests in a business, the market generally views it as a huge vote of support for that business. Occidental Petroleum (NYSE: OXY) can vouch for that claim following Berkshire Hathaway 's investment in its stock. The Oracle of Omaha also provided pivotal support for the energy company's acquisition of Anadarko Petroleum, which it bought out from under Chevron (NYSE: CVX).

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KKR supports InVivo in the global expansion of Malteries Soufflet

KKR

KKR continues to scale its strategic partnership with InVivo and Malteries Soufflet by more than doubling its investment as Malteries Soufflet acquires United Malt, creating the world’s largest maltster

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Social Security's 2023 COLA Is Already Falling Short

The Motley Fool

Many seniors today rely heavily on the monthly benefit they get from Social Security. For some, in fact, it's their only source of income. Meanwhile, this year, Social Security benefits are getting a 3.2% cost-of-living adjustment (COLA). While that's more generous than some recent COLAs, it's a much smaller boost than the whopping 8.7% COLA Social Security beneficiaries received last year.

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KKR Releases “A New Foundation for Global Wealth: Rebuilding Portfolios for the New Regime”

KKR

New KKR Report Focuses on Role of Private Markets in Individual Investor Portfolios NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the release of “A New Foundation for Global Wealth: Rebuilding Portfolios for the New Regime” by Paula Campbell Roberts, Chief Investment Strategist for Private Wealth. This is the first release in Investing for Wealth, a planned.

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Here's the Average Stock Market Return Over the Last 10 Years

The Motley Fool

The U.S. stock market is the largest stock market in the world, accounting for 43% of the $106 trillion global equity market last year. U.S. stocks have created substantial wealth over time, something Warren Buffett attributes to a unique combination of commerce and innovation. Currently, 17 of the 20 largest companies in the world are U.S. companies.

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KKR to Present at the Goldman Sachs 2023 US Financial Services Conference

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Scott C. Nuttall, Co-Chief Executive Officer, will present at the Goldman Sachs 2023 US Financial Services Conference on Wednesday, December 6, 2023 at 8:40AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For those.

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Want to Be a 401(k) Millionaire? 3 Tips all Workers Should Know

The Motley Fool

Becoming a retirement millionaire isn't easy, but as costs continue to soar, it's a realistic goal for many people. While it can be daunting, you don't have to be wealthy to retire rich -- as long as you have the right strategy. The 401(k) can be an incredibly powerful tool, and if you have access to one, it's wise to take full advantage of it. Although there's no single correct way to save for retirement, there are three tips that can make it easier to build long-term wealth. 1.

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KKR Acquires Potter Global Technologies

KKR

All Employees to Become Owners in the Company ST LOUIS, Mo. & NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that investment funds managed by KKR have acquired Potter Global Technologies (“Potter” or the “Company”), a leading manufacturer of fire and life safety equipment, from Gryphon Investors. KKR plans to support the Company in its continued growth.

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1 Top Bitcoin ETF to Buy Before the Crypto Market Soars 300%, According to a Wall Street Analyst

The Motley Fool

The cryptocurrency market is currently worth $1.6 trillion, and Bitcoin (CRYPTO: BTC) accounts for 50% of that total. Bitcoin dominance (i.e., the market value attributable to Bitcoin) was also 50% five years ago, though it has ranged from 38% to 70% during that time period. With that in mind, Morningstar analyst Michael Miller expects the cryptocurrency market to soar 300% to $6.4 trillion by 2032.