investments

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This Year, a Tried-and True Investment Strategy Backfires

'Buy the dip' doesn't work if the market keeps dipping

(Newser) - The stock market had another brutal week last week, and investors who decided to "buy the dip" in anticipation of a rebound might have been regretting it early Monday. The market began the new week in the red once again, reports CNBC . Such regret has been common in 2022,...

High-Profile Data Company Makes Unusual Investment

Palantir buys $51M worth of gold as a hedge against 'black swan event'

(Newser) - In its latest SEC filing, the data analytics firm Palantir revealed what Bloomberg calls an "unusual investment strategy." The company bought $51 million worth of gold bars. "You have to be prepared for a future with more black swan events," chief operating officer Shyam Sankar tells...

WeWork Founder Now an 'Ex-Billionaire'

SoftBank pulls out of $3B stock takeover, a big blow to Adam Nuemann

(Newser) - SoftBank's cold feet apparently became frozen. WeWork's largest investor announced Thursday that it was backing out of a deal to buy $3 billion in shares of the communal office-space startup, including some $970 million worth from founder and former CEO Adam Neumann. SoftBank said it was "fully...

Lance Armstrong's $100K Uber Investment Went Wild

Disgraced cyclist says pumping cash into ride-sharing company 'saved our family'

(Newser) - It's expensive being Lance Armstrong , especially after his endorsements fell by the wayside and he was hit with various lawsuits as a result of his doping scandal. It could have been devastatingly expensive, in fact, except for the one thing the elite cyclist says "saved our family": an...

Who Got Filthy Rich From Snap IPO: a High School, Millennials

Company's 26-year-old CEO is now looking at a $6B fortune

(Newser) - A California high school has made millions of dollars from the initial public offering of shares in Snap Inc., the company behind Snapchat. The board of Saint Francis High School in Mountain View agreed to invest $15,000 in seed money in Snap in 2012, when the company was just...

Buffett Has Bought $12B in Stocks Since Trump Win

He's now world's 2nd-richest man

(Newser) - Warren Buffett didn't want Donald Trump to be president—but the Berkshire Hathaway chief didn't get rich by ignoring investment opportunities. In a recent interview with Charlie Rose , the billionaire revealed that his company has invested more than $12 billion in stocks since Trump won the election, more...

72% of Millionaires Don't Think They're Rich
 72% of Millionaires 
 Don't Think They're Rich
STUDY SAYS

72% of Millionaires Don't Think They're Rich

To those with millions to invest, wealth means financial freedom

(Newser) - Having millions of dollars to invest doesn't make you rich, at least according to those who have those millions. A study by investment firm UBS has found just 28% of people with between $1 million and $5 million in investable assets consider themselves wealthy, ABC News reports. While your...

Ford: We'll Add 12K Jobs Over 3 Years

2,350 jobs in 2013 for Michigan alone

(Newser) - Ford announced a three-year, $6.2 billion expansion plan today, which includes adding 12,000 jobs nationally—2,350 of those in Michigan in the next year, reports the Detroit News . A variety of Michigan car and part plants will see a $773 million infusion next year, which aims to...

Ashton Kutcher Could Face Federal Probe

'Guest editor' actor invested in companies touted by Details ; who knew?

(Newser) - A guest editorship may land Ashton Kutcher in trouble with the feds. An online-only "Social Issue" of Details touted several tech start-ups and failed to clearly note that guest editor Kutcher is an investor in several of them, discovered Gawker . He may have even run afoul of the law....

10 Bizarre Ways Google Spends Its Money

What do windmills and bees have to do with Google?

(Newser) - Google has made billions, and there are only so many YouTubes or Androids you can buy—so why not spend some of that hard-earned cash in some decidedly stranger ways? Business Insider rounds up the 10 weirdest:
  • Windmills: Yes ... windmills. Google spent $40 million on them, probably because it likes
...

Investors Flee Wall St., Bet on the Farm

Farmland has outperformed S&P 500 since recession

(Newser) - While Wall Street fiddles and the rest of the real estate market largely fizzles, there's a new hot commodity that has investors flocking to it: Farmland, reports the LA Times. Average farm real estate prices have doubled over the last decade, unlike, say, Florida condos, and many Americans and foreigners...

Oprah Hires Star Money Manager

Eli Broad's chief investor headhunted to head up Winfrey team

(Newser) - Oprah Winfrey is assembling a hotshot investment team to manage her estimated $2.4 billion fortune. Peter Adamson, currently chief investment officer for billionaire philanthropist Eli Broad, will head up Winfrey's investment office, insiders tell the Wall Street Journal . The move comes as Winfrey, already one of the richest African...

Brokers Ditch Big Firms, Hang Out Shingles

Exodus sees decline in big Wall Street's share of client money

(Newser) - Independent financial advisers are gaining on the big Wall Street firms in managing personal assets, as more brokers leave companies they see as unreliable or tarnished. Those heading for the exits are taking many of their clients with them, creating a net outflow in 2009 of about $188 billion in...

Bailout Is Bad News for Savers
Bailout
Is Bad News
for Savers
OPINION

Bailout Is Bad News for Savers

Banks get trillions, fixed-income investors get screwed: Sloan

(Newser) - Not fed up enough with just putting your taxpayer dollars directly on the line to bail out the nation’s banks? Allan Sloan has latched on to some insidious “collateral damage” from the government’s rescue plan, those trillions spent “to keep interest rates down to support the...

Buffett Has Worst Year Ever
 Buffett Has Worst Year Ever 

Buffett Has Worst Year Ever

(Newser) - Not even legendary investors can escape this mess. Warren Buffett’s Berkshire Hathaway posted its worst year ever in 2008, the Wall Street Journal reports. A key indicator, book value per share, fell 9.6%, only the second loss since Buffett took control of the company in 1965. Berkshire reported...

Cramer Shares 'Obama Portfolio'
 Cramer Shares 
 'Obama Portfolio' 
OPINION

Cramer Shares 'Obama Portfolio'

Guru picks hot stocks for 2009

(Newser) - America isn’t out of the economic woods, but savvy investors should drop some kindling on their investment fires, James Cramer writes in New York. “Obama’s swift transition and desire to spend trillions to get us moving could prove that happier days will eventually beckon, at least for...

Time Is Ripe to Pass Cash to Heirs
Time Is
Ripe to Pass
Cash to Heirs 
Your money

Time Is Ripe to Pass Cash to Heirs

Struggling market can help you avoid paying estate tax

(Newser) - Sinking stocks offer a window of opportunity when it comes to passing your money on to heirs without incurring huge taxes, Anne Tergesen writes in the Wall Street Journal. Transferring struggling assets to the next generation can mean a big payoff for the heirs when conditions improve—without the estate...

Obamas Play It Too Safe With Personal Finances
Obamas Play It Too Safe
With Personal Finances
ANALYSIS

Obamas Play It Too Safe With Personal Finances

Despite big new book-generated income, and youth, they're too cautious

(Newser) - Barack and Michelle Obama invest their own money “very, very safely”—perhaps too conservatively, say Sam Grobart and Tara Siegel Bernard in Slate. The Democratic frontrunner and his wife only began rolling in the money recently and their portfolio—“for the most part, a collection of run-of-the-mill...

Credit Suisse Warning Revives Rogue Trader Fears

'Intentional misconduct' behind billions in writedowns

(Newser) - Investment banks got a brief lift from Wall Street results this week, but surprising reports from Credit Suisse are likely to send their confidence back into the basement, the Financial Times reports. The Swiss firm issued an unexpected first-quarter profits warning yesterday—and said “intentional misconduct” from its own...

Rosy Realtor Ads Omit Pesky Housing Crash

NAR campaign claims slumping market is a can't-lose investment

(Newser) - Apparently, real estate is a can’t-fail investment right now. Or at least, that’s the questionable gospel the National Association of Realtors is preaching, in a blitz of new commercials claiming that home values, on average, double every 10 years, and that a home is “the key to...

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