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☆ Wall Street landlords who've stockpiled $110 billion are lying in wait for their biggest American home-buying spree yet
▼ + stars: | 2022-12-22 | by ( James Rodriguez | Daniel Geiger | ) www.businessinsider.com time to read: +11 min

Institutional investors have earmarked as much as $110 billion to buy or build single-family homes. Institutional investors now own about 3% of the roughly 20 million single-family-rental homes in the US, according to Roofstock, an online marketplace for single-family investment properties. That would be nearly 9% of the roughly 88 million single-family homes in the US, according to the Census Bureau's most recent statistics from 2020. Better deals expected in the years aheadThere are signs the institutional investors won't have to wait long to begin buying. That leaves between roughly $70 billion and $80 billion that could still flow into the sector.

☆ What Is a Robo Advisor, and Do I Need One?
▼ + stars: | 2022-12-16 | by ( ) www.wsj.com time to read: +9 min

That’s where a robo advisor can help. A robo advisor is a digital, automated service that makes investing easy because it picks securities for you. How to start investing with a robo advisorGetting started investing with a robo advisor is designed to be easy. Robo advisor accounts are well-suited for anyone who is comfortable being online but needs a nudge to invest and would rather not do it themselves or doesn’t have the means to hire an individual financial advisor. Betterment and Wealthfront, for example, offer savings accounts, which pay substantially more than traditional bank savings accounts, as well as checking accounts and debit cards.

☆ A DEI consultant helped a startup founder overhaul her company culture to attract diverse candidates and create space for important conversations
▼ + stars: | 2022-12-08 | by ( Erica Sweeney | In Partnership With | ) www.businessinsider.com time to read: +5 min

Rachel Schneider, the founder of financial startup Canary, wanted to put diversity, equity, and inclusion (DEI) at the core of her business from the beginning. Schneider and Moret met over several weeks on Zoom as part of Insider's mentorship program, created in partnership with Indeed. Moret and Schneider shared how they worked together to develop DEI policies and best practices for Canary around recruiting, company culture, and people management. Rhonda Moret, founder of Elevated Diversity, used her years of experience and expertise to mentor Schneider on centering DEI within her company. Schneider and Moret collaborated to develop DEI policies and best practices for Canary.

☆ Exclusive: Canada's biggest pension plan, CPPI, ends crypto investment pursuit -sources
▼ + stars: | 2022-12-07 | by ( Divya Rajagopal | ) www.reuters.com time to read: +2 min

CPPI declined to comment but said it has made no direct investments in crypto. But CPPI abandoned the pursuit this year and redeployed the team to other areas, the sources said. CPPI's move also comes as two of Canada's largest pension funds have written off their investments after the collapse of crypto exchange FTX and crypto lender Celsius this year. Canadian pension funds' exposure to crypto sector has come under scrutiny following the FTX debacle. While Canadian pension funds are not prohibited from buying cryptocurrencies, they are known for their risk-averse investing strategies to generate steady returns for pensioners.

FTX's implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to pick up business, Mathew McDermott, Goldman's head of digital assets, told Reuters. Goldman is doing due diligence on a number of different crypto firms, he added, without giving details. HSBC (HSBA.L) CEO Noel Quinn, meanwhile, told a banking conference in London last week he has no plans to expand into crypto trading or investing for retail customers. Goldman Sachs has also together with MSCI and Coin Metrics launched data service datonomy, aimed at classifying digital assets based on how they are used. The firm is also building its own private distributed ledger technology, McDermott said.

Garcia split her savings into index funds, I bonds, and a high-yield savings account. Index funds are passively-managed investment vehicles that track a particular market index. A high-yield savings account is a savings account with interest rates up to 3.8%, which is higher than a regular savings account's average interest rate of 0.16%. "I've been doing this all year, just putting some money away in the stock market. I have about $8,500 in my savings account right now, and I do plan on deploying another $5,000 of that."

☆ In a tech downturn, breakout stars of venture capital are going abroad to hunt for funding. Here's why.
▼ + stars: | 2022-11-14 | by ( Melia Russell | ) www.businessinsider.com time to read: +9 min

The flow of capital motivated more investors to split from established firms and raise their own funds, but it hasn't always been easy. For years they've gone abroad to raise capital from limited partners, mostly wealthy individuals and family offices. This isn't new territory for international investors. He continues to use his personal wealth to back startups and venture funds mostly stateside, including Sequoia Capital, Andreessen Horowitz, and Brianne Kimmel's Worklife Ventures. Even those with ties to international investors may struggle to raise funds as fears of a global recession escalate.

☆ I left a top-floor job at Goldman Sachs for a tiny self-driving-car startup. Here's how I shook off the 'golden handcuffs' to land my dream job.
▼ + stars: | 2022-11-12 | by ( Alexa St. John | ) www.businessinsider.com time to read: +8 min

Kulkarni, a former Goldman Sachs investment associate, pivoted to a self-driving-tech startup. He started his career as an investment analyst and has a background in systems science and engineering and finance. As a third-year analyst at Goldman, I felt like that was the perfect time to take that leap of faith. And the whole idea of a boot camp is that it focuses on developing true functional skills to immediately join a startup. The first startup I joined wasn't the right cultural fitI definitely had a moment where I said: What?

Ron DeSantis, who won re-election in a landslide Tuesday, threw his political weight behind 30 school board candidates this election cycle. In Florida, because school board races are nonpartisan, if candidates capture at least 50% of the vote in the primary, they don’t need to compete in the November elections. That stands in contrast to the results for the Florida Democratic Party, which supported 30 school board candidates, only nine of whom won seats this year. Riding a wave of conservative parent anger, Republicans in several states targeted school board races, with mixed results. However, GOP candidates running against progressive ideas captured seats on the State Board of Education, which sets curriculum standards.

☆ Mitsubishi Motors says no decision yet on investing in Renault's new EV unit
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Nov 2 (Reuters) - Mitsubishi Motors Corp (7211.T), a junior partner in the Nissan Motor Co (7201.T) and Renault (RENA.PA) alliance, has not made a decision yet on whether to invest in the French automaker's electric vehicle company, a top executive said on Wednesday. Mitsubishi would consider whether taking part in the EV unit would be beneficial for the Japanese automaker's product development in the future, Kato said. The Japanese and French automakers said last month they were in talks about the future of their alliance, including Nissan potentially investing in the electric vehicle business being spun out of Renault. Mitsubishi will likely invest a few percent in the new Renault unit to retain its alliance relationship, Reuters reported last month, citing a person familiar with the matter. Reporting by Satoshi Sugiyama; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Carlyle's David Rubenstein on how to invest now
▼ + stars: | 2022-10-31 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

It may have been drawn up under England's King John, but these days it belongs to David M. Rubenstein. To learn how Rubenstein amassed those kind of resources, look no further than his new book, “How To Invest: Masters on the Craft." At that time, there was not a whole lot of investing going on, with his father working a blue-collar existence for the Post Office, living paycheck-to-paycheck. Nevertheless, Rubenstein seems to have done alright, with a net worth currently estimated by Forbes at $3.2 billion. RUBENSTEIN'S ADVICE TO INVESTORS BIG AND SMALLWhen it comes to philanthropy, Rubenstein takes a surprisingly hands-on approach – no foundation, no staff, just him.

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☆ Wall Street's rising stars admit their biggest career mistakes — from missing out on lucrative bets to taking too much on — and what they learned from them
▼ + stars: | 2022-10-24 | by ( Alex Morrell | Alyson Velati | Asia Martin | ) www.businessinsider.com time to read: +17 min

Vinay Trivedi, a vice president at General Atlantic focusing on the technology sector. I don't think we necessarily transitioned fast enough to how people learn if we're only doing audio from home. - David Israel, 27, vice president at Credit SuisseAngel Pu Shum is a principal within Warburg Pincus's technology group. -Allison Boxer, 29, senior vice president and economist at PIMCONoah Zerance, a vice president with Bank of America's global sustainable-finance group. and the response would be, 'Well, we don't know how we do it yet.

The French and Japanese automakers said this month they were in talks about the future of their alliance, including Nissan potentially investing in an electric vehicle business being spun out of Renault. With Nissan holding only 15% of Renault - and without voting rights - French dominance of the alliance has long been a point of contention. Renault wants Nissan to invest in its electric vehicle unit, while Nissan wants Renault to cut its stake to 15%, Reuters previously reported. Given its investment needs, Renault is the more eager of the two to reach a deal, said a person familiar with negotiations. Alliance junior partner Mitsubishi Motors Corp (7211.T) will likely invest a few percent in the new Renault unit to retain its alliance relationship, said another person familiar with the matter.

☆ A real estate investor who is financially independent from his 25-unit portfolio that he built in 4 years shares his best advice to rookie investors and how to 'find good deals'
▼ + stars: | 2022-10-21 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Real estate investors agree that a key to succeeding is networking with the right people. Knowing very little about real estate investing at that point, Mark told her he'd think about it. He agreed, called up a real estate agent he knew in the area, and told her he wanted to invest in real estate. "The best way to network, no matter where you live, is to find a local real estate meet-up group." Anyone can use it to connect with real estate investors and find events to attend.

☆ Aussies put net-zero nationalisation on the map
▼ + stars: | 2022-10-21 | by ( Antony Currie | ) www.reuters.com time to read: +4 min

MELBOURNE, Oct 21 (Reuters Breakingviews) - Nationalisation and capitalism are supposed to be like chalk and cheese. He also accused privately run energy generators of reaping huge profits “at our collective expense” without helping to achieve net-zero goals. If done right — and the details will be key — other governments facing similar net-zero challenges can take note. His plan involves restoring the State Electricity Commission to build new renewable energy projects. The SEC has not been involved in building energy projects since 1993 when the state’s energy assets were privatised.

☆ Stay invested in chip stocks, says one fund manager — who reveals how he’s trading the sector
▼ + stars: | 2022-10-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The MSCI Semiconductor Index , a benchmark for chip stocks that's down by 43% this year, reflects the wider market's sentiment toward a potential slowdown in economic growth. In such an environment, some investors have begun to ask whether it might be prudent to dump chip stocks in favor of companies in other outperforming sectors. The portfolio manager revealed that he prefers holding on to Taiwan Semiconductor Manufacturing Company despite a 35% decline in the company's shares this year. The chip sector has historically run in boom and bust cycles. During economic growth, consumer demand for computers, laptops, and phones outstrips semiconductor manufacturing capacity, making the sector very profitable.

☆ Why this earnings season may not be as bad as people think
▼ + stars: | 2022-10-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

It's just a few weeks into third-quarter earnings season, but so far, it hasn't been nearly as bad as Wall Street feared. Through Thursday morning, 75% of S & P 500 companies that had reported earnings had exceeded expectations, according to data from The Earnings Scout. He pointed to Procter & Gamble 's Wednesday report , which topped analyst estimates for earnings and revenue as higher prices offset lower sales volumes. Going into the season, expectations were that earnings would be cut 15% to 20% to the downside, to reflect economic weakness, said Overby. Why good news might again be bad news Earnings beats are good for investors as they generally send stock prices higher.

☆ 15 venture capitalists that early-stage sports tech, health, and wellness founders should know if they're looking to raise capital
▼ + stars: | 2022-10-19 | by ( Matthew Kish | ) www.businessinsider.com time to read: +17 min

Other recent investments include Bumble, Goop, Spring Health, Chief, Found, Daily Harvest, and Blueland. Recent investments include the sneaker-trading platform Tradeblock, which touts itself as an alternative to StockX and Goat. Recent investments include AnyDistance, Balanced, and Juna. Her recent investments include Calibrate, DUOS, Dutch, and Buffalo Market, a food distributor focused on plant-based and organic foods. Recent investments include pickleball products company Revolin, live-sports artificial-reality company Quintar, recovery products company Alleviate, and community cycling app Preem.

☆ UK bond market chaos sends investors fleeing into into money-market funds-Fitch
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +3 min

Money market funds typically invest in high quality assets over a shorter-term horizon than other asset managers and, as such, are perceived to carry lower risk. Register now for FREE unlimited access to Reuters.com RegisterFitch warned that if the volatility in British gilts persisted or intensified, "liquidity pressure" could spread beyond pension funds. The agency noted that such a development could lead to sudden large redemptions of cash from money market funds (MMFs). Ten-year gilt yields were down 17 basis points on the day at 4.022% and 30-year yields - hardest hit by the sell-off since the mini-budget - were 14 bps lower at 4.41%. Still, 30-year gilt yields are up 60 bps this month, versus with a rise of 12 bps in U.S. and German peers , .

☆ Here are Thursday's biggest analyst calls of the day: Apple, Meta, Biogen, Amazon, Netflix & more
▼ + stars: | 2022-10-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS reiterates Apple as buy UBS said Apple's iPhone Pro and Pro Max demand remains "solid." Bank of America names Northrop Grumman and Rocket Lab top picks Bank of America said it likes Northrop's defensiveness. Bank of America reiterates Microsoft as buy Bank of America said it still sees a solid risk/reward outlook for Microsoft. Cowen reiterates Amazon as outperform Cowen said that its recent survey shows Amazon is still the preferred place for shopping. Stifel upgrades Biogen to buy from hold Stifel said in its upgrade of Biogen that concerns about the company's Alzheimer's drug, lecanemab, are overdone.

☆ Investors are dipping a toe back into high-yield ETFs. Here's what you need to know
▼ + stars: | 2022-10-09 | by ( Jesse Pound | ) www.cnbc.com time to read: +5 min

Potentially, that marks the start of a reversal from this year's pattern, which has seen sharp outflows from high yield funds. High yield bond funds have been beaten down this year, like the rest of fixed income. FlexShares' offerings include the actively managed High Yield Value-Scored Bond Index Fund (HYGV) and the ESG & Climate High Yield Corporate Core Index Fund (FEHY) . To be sure, growing concerns about bankruptcies can hurt high yield investors, even if they never materialize. Because the underlying companies are also essentially investment funds, investors are paying management for both the companies and the ETFs.

For years, the LGBTQ+ community has had to focus more on survival than wealth-building. Why we need to build wealth in the LGBTQ+ communityIf you hear words like "wealth" and "investing" and cringe, you're not alone. Here's one: Wealth in our culture means security and power, and the LGBTQ+ community can wield those to make a difference. Here are some tips for building wealth within the LGBTQ+ community. Search for fee-only, fiduciary advisors in your ZIP code, and filter for terms like "LGBTQ family."

☆ An Airbnb host who manages 60 properties and has earned 4,300 5-star reviews shares the biggest errors she sees newbies make
▼ + stars: | 2022-09-29 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

After seeing her listing on the front page of Airbnb search results, other hosts in the area reached out for advice. Now, she runs an operation with six assistants that oversees 60 properties nationwide, from condos in Myrtle Beach to fishing cabins in Colorado. This strategy will only ultimately frustrate guests, Mosher said. In addition to bad reviews, hosts with an over-capacity space are increasing liability for their space and the wear and tear on their furniture. For example, instead of "Thanks for your message," Mosher sends guests: "Thank you for the fantastic communication, safe travels and happy adventures."

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