Month: July 2020

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Trading Ideas

Utility Giant Kills Gas Pipeline, Sells Assets to Berkshire

July 6, 2020 admin Comments Off on Utility Giant Kills Gas Pipeline, Sells Assets to Berkshire

(Bloomberg) — One of the largest utilities in America is starting to turn its back on natural gas.Dominion Energy Inc., the second-biggest U.S. power company by market value, on Sunday said it’s selling substantially all of its gas pipeline and storage assets to Berkshire Hathaway Inc. for $4 billion. In a separate statement, Dominion and its partner Duke Energy Corp. said they’re killing the controversial Atlantic Coast gas pipeline along the U.S. East Coast, citing ongoing delays and “cost uncertainty.”The moves come as utilities face increasing pressure from local governments, investors and environmentalists to quit the fossil fuel. While long …read more […]

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Hedge Funds Have Never Been This Bullish On Xeris Pharmaceuticals, Inc. (XERS)

July 6, 2020 admin Comments Off on Hedge Funds Have Never Been This Bullish On Xeris Pharmaceuticals, Inc. (XERS)

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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Grow Your Wealth for Decades Without a Single Losing Year

July 6, 2020 admin Comments Off on Grow Your Wealth for Decades Without a Single Losing Year

Maybe I’m lucky. Or maybe it’s just common sense.
I’ve been involved in the investment advisory business for 30 years. And except for a few early mistakes buying real estate, the big financial hoaxes and bubbles that devastated so many investors never burned me.
That made a huge difference over time. It allowed me to grow my net worth year after year without a single year of loss.
I learned several lessons about growing wealth and avoiding the biggest mistakes average investors make.
The financial life of the typical investor is marked by a plethora of hopeful speculations. Only a few dozen, at best, …read more […]