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Trading Ideas

You Can Live a Rich Life While Building Wealth

It’s not necessary to save every penny to build your fortune, but it’s foolish to spend excessively on luxury items.
As Mark Ford explains today, it’s possible to achieve a good balance: You can live a rich life while building wealth.

Wednesday Wealth Recap:

The race for a coronavirus vaccine has turned out to be very profitable: Alexander Green recently closed out gains of 190% on Moderna (Nasdaq: MRNA) stock and up to 955% on the related calls. Watch Alex’s latest video update for more information.
Nicholas Vardy‘s new Oxford Swing Trader service is off to a strong start, booking a 33% options …read more […]

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Business News

U.S. senators to announce sanctions bill on Russia’s Nord Stream 2 gas pipeline

Five U.S. senators are to announce legislation on Wednesday to expand sanctions on Russia’s Nord Stream 2, a natural gas pipeline that would increase exports to Germany but is opposed by many in Washington who say it would tighten Moscow’s political and economic grip on Europe.

…read more […]

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Business News

Exclusive: Ex-Enron CEO Skilling launching new digital marketplace for oil investors – sources

Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm’s collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors, according to four people familiar with the matter.

…read more […]

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Trading Ideas

Hedge Funds Are Selling Energy Transfer L.P. (ET)

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

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Trading Ideas

Private Equity Gets a Big Win With U.S. Nod to Tap 401(k) Plans

(Bloomberg) — Private-equity firms notched a major win in Washington with the Trump administration paving the way for the industry to tap a massive pot of money that has long been off limits: the trillions of dollars held in Americans’ retirement accounts.The Labor Department issued guidance Wednesday effectively allowing 401(k) plans to invest in buyout firms. The agency said the move will bolster investment options for consumers and let them access an asset class that can provide better returns than stocks and bonds.In a statement, Labor Secretary Eugene Scalia said the action “will help Americans saving for retirement gain access …read more […]