You don’t need to visit Hollywood to see a bunch of millionaires. Fidelity Investments says that the number of people with $1 million or more in their 401(k) retirement plan at work has skyrocketed in the past year. Fidelity says that 133,000 people have achieved millionaire status, a significant jump from the 89,000 savers that became […]
Swarm Fund, the blockchain for private equity, today unveiled the first two funds running on its network, and confirmed the on-track timing of its initial product release date, set for Jan. 29. At launch, members of the Swarm will have the ability to invest in the platform’s Distressed Real Estate and Silicon Valley Coin funds […]
Bitcoin’s market value volatility may be causing some cryptocurrency investors to seek out gold as a investment refuge. Bitcoin has fallen by some 40% in value since New Years’ 2018. Meanwhile, gold traders in Europe have seen an increase of over five times their normal trading volume in the corresponding period. As of December 2017, […]
Global financial analysts are advising enterprising investors to consider investing in burgeoning frontier markets via exchange traded funds (ETFs), bonds and to a lesser degree, mutual funds. Financial analyst David Dali, a strategist for Matthews Asia, said that investors who take strategic advantage of frontier markets right now are primed to profit in the future. […]
JPMorgan Chase will begin offering robo-advisor wealth management in 2018. The tentative launch date is March for their new financial technology advisement services. Chase is not the only financial industry giant to begin offering robo-advisor services either. In 2017 Merrill Lynch, Morgan Stanley and Wells Fargo successfully launched versions of their own robo-advisor services. Robo-advisors are […]
Dividend stocks are the bread and butter of any serious investment portfolio, and large-cap U.S. stocks are often great picks for dividend income. Stocks in Dow Jones Industrial Average may be the wisest investment you can make in 2018, particularly with long-term money. The index of 30 largest publicly traded companies in the USA are […]
The race to the bottom for investment costs just got put on steroids by the blockchain. Trade.io has developed a semi-decentralized application that can verify data regarding investment trades on a blockchain. It’s expected to be released Jan. 29. The application ensures that the data provided by brokers has not been changed and is 100% […]
Investing icon giant Warren Buffett, CEO of Berkshire Hathaway, recently came out once again against cryptocurrency. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the Nebraska billionaire said on CNBC’s Squawk Box program. Buffet went on to say that if he could bet on the […]
The virtual currency stock market euphoria seems no longer confined only to small companies attempting to reap extraordinary returns simply by aligning their business strategy with blockchain or including cryptocurrencies in their payment model. Over the last few days, a number of leading firms with respected brands have witnessed their stock prices go through the […]
If you spend or invest in cryptocurrencies, it’s imperative for you to understand how these virtual currency transactions affect your taxes. The Trump tax reform bill changes some essential aspects of how you report your cryptocurrency transactions. It’s important to note these changes so you file your taxes properly next year. Here’s a list of […]
