Zuckerberg Loses $3.3 Billion After Facebook Change

Facebook co-founder Mark Zuckerberg is paying the price for the latest changes to the social networking site, losing nearly $3.3 billion of his personal net worth, according to a Forbes calculation. The 4.4 percent drop came just after Zuckerberg’s announcement that Facebook would change its algorithm to make people’s news feeds more focused on friends and… Please follow and like us:

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Trump economy: False predictions from the left

ANALYSIS/OPINION: Since the day Donald Trump was elected president in November 2016, the Dow Jones industrial average has risen by some 35 percent, making the last 14 months one of the greatest bull market runs in history. Some $6 trillion of wealth has been created for Americans – which is very good news for the 55… Please follow and like us:

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Trump’s MAGA evidenced in 2017 economy

Those seeking unemployment benefits are down. The stock market has been flirting with an unprecedented 25,000 point milestone. Industry is expanding. All since President Trump took office. So is it cause and effect from his policies? Probably in large part. But that’s both good and bad. ZeroHedge reported the booming economy has triggered a $2 trillion… Please follow and like us:

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Economic forecast 2018: Forgotten prosperity finally returns.

WASHINGTON, December 28, 2017: It has been nearly two decades since the American economy has experienced true prosperity. Prosperity means nearly all of us are thriving and experiencing good fortune, success and finding opportunity. If we define prosperity in terms of numbers, GDP growth would have to exceed 4%. That hasn’t happened since 2000, nearly two… Please follow and like us:

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Question Posed: How Did Bob Corker Go from ‘Dead Broke’ to $69 Million Net Worth During 11 Years in U.S. Senate?

“How do you increase your net worth by 69 million dollars while you’re working full-time as a Senator?” That’s the question Rolling Stone reporter Matt Taibbi asked about Senator Bob Corker (R-TN) on Friday. Neither Taibbi nor Rolling Stone are fans of Corker (or of President Trump, Republicans, or conservatism in general). And Rolling Stone has… Please follow and like us:

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Cryptocurrency ICOs Must Stop Flying Blind On Money-Laundering Risks

Companies have raised as much as $4 billion this year through token crowd sales, or Initial Coin Offerings, a new mechanism that many startups using blockchain technology in some way have used to bypass traditional venture capital funding routes. That is a lot of money flowing to entities to fund their ideas and develop their products.… Please follow and like us:

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Warning to Veteran Advisors: Your Old Model Won’t Cut It With Millennials

Blunt message to veteran financial advisors: No way do millennials want FAs whose goal is to sell them products. They want advisors who focus on meeting their needs, as Eric Roberge, 38, a successful four-year “virtual advisor” targeting professionals in their 20s, 30s and 40s, told ThinkAdvisor in an interview. Roberge is unquestionably representative of the… Please follow and like us:

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Millennials Really Dig Bitcoin

Millennials Really Dig Bitcoin It’s become fashionable to malign millennials for killing everything from dinner dates to department stores. If the results of a recent survey are anything to go by, there’s another victim that can be added to that lengthy list – fiat currency. According to a newly released survey, over 50 percent of millennials… Please follow and like us:

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The Drug Of Central Stimulus Will Ware Off Markets: Inflation Is Coming

Albert Edwards has peered into the future, and he sees the whites of inflation’s eyes. How can the head of the Societe Generale’s global strategy “team” tell? The very individualist Edwards notices that Americans are set to take more holidays than at any point in history. He then correlates union / worker power with inflation as… Please follow and like us:

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Socialist Policy Tanked Venezuela’s Economy, Not Falling Oil Prices

Left-wing commentators are struggling to come to grips with Venezuela’s economic collapse. In early August, Stanford University professor Terry Lynn Karl joined the chorus claiming that falling oil prices are the problem. It’s true that the price of oil fell from around $100 per barrel in 2014 to around $50 in 2017. But socialist policies exacerbated… Please follow and like us:

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Is Trump killing the dollar?

For nearly a century, the US dollar has been viewed as the financial world’s ultimate safe haven. No other currency has promised the same degree of security and liquidity for accumulated wealth. In past times of trouble, skittish investors and prudent central banks have all piled into dollar-denominated assets, not least US Treasury bonds. This may… Please follow and like us:

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Billionaires in Their 80s Lead IRS Study of U.S. Wealth

Age ain’t nothing but a number, but a higher number can also equal billions. The latest iteration of Bloomberg’s Billionaires Index showed that six out of the 25 richest Americans are all older than 80, citing tax data and estimates gleaned by the Internal Revenue Service. The most famous examples of octogenarian billionaires are Berkshire Hathaway’s… Please follow and like us:

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Concentrated Stock Investing Through a New Lens

Many investors have amassed vast wealth by acquiring and holding concentrated stock. Some were bequeathed stock. Others acquired stock via liquidity events, or throughout their careers at public companies. Some investors, like Warren Buffett, famously employ concentrated stock investing (CSI). There’s considerable empirical evidence to support CSI’s outperformance.[i] The premise underlying CSI runs counter to the… Please follow and like us:

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The Rich Are Too Rich, Says Warren Buffett

One big problem in America is that while there is plenty of money, rich people have too much of it. So says the world’s second-richest man, Warren Buffett. The 86-year-old CEO of investing house Berkshire Hathaway has a net worth of $75.6 billion, according to Forbes, and he says massive sums like that are the reason… Please follow and like us:

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Venezuela’s disaster and the curse of oil

WASHINGTON, June 21, 2017 – “Rich Venezuelans eat sushi, guzzle cocktails amid chaos,” reads the Yahoo headline. And that neatly summarizes the continuing disaster that is Venezuela. Those who believe that national wealth is a function of natural resources might have a hard time understanding Venezuelan poverty. Venezuela has the advantage of the world’s largest oil… Please follow and like us:

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