Month: August 2020

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put… …read more […]

When we speak of being rich, we usually mean financial wealth: having lots of money – i.e., all the money you want and/or need.
But there are other ways of being rich – three of which can improve your life immensely:

You can be rich in relationships: with friends, family and the community at large.
You can be rich in health: having a robust immune system, strong muscles, flexible joints and abundant energy.
You can be rich mentally: knowledgeable and skillful but also curious, excited, and always eager to learn more.

My Only Goal
When I first decided to become rich, I made that my one …read more […]

Top news and what to watch in the markets on Friday, August 7, 2020. …read more […]

COLORADO SPRINGS, Colo., Aug. …read more […]

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. is finally showing a bit more of an appetite.Buffett’s conglomerate began putting more of its $137 billion cash pile to work after a period of relative silence during the start of the pandemic, striking a deal for natural-gas assets in July and even snapping up at least $2 billion of Bank of America Corp. stock in recent weeks through Aug. 4.Now, investors will learn Saturday whether that appetite extended to the conglomerate’s own stock, as some analysts say buybacks may have risen to a record. Berkshire is expected to report second-quarter earnings that …read more […]

Switzerland has signed an agreement with Moderna to secure early access to the COVID-19 vaccine the U.S. biotech company is developing, the government said on Friday. Switzerland will get 4.5 million doses of the vaccine, enough to vaccinate 2.25 million people if as expected two doses are needed per patient. The government is also talking to other vaccine companies and has allocated 300 million Swiss francs ($329 million) to the project. …read more […]

(Bloomberg Opinion) — The U.S. threat to delist Chinese companies just got a lot more real. Yet businesses from Asia’s biggest economy continue to line up to sell shares on American exchanges — and are thriving. What’s going on?The President’s Working Group on Financial Markets has told U.S. exchanges to set rules that would require companies to grant American regulators access to their audit work papers, something that China has refused to allow. Firms already listed will have until Jan. 1, 2022, to comply, with removal from U.S. exchanges the ultimate penalty. Those seeking to sell shares will need to …read more […]

(Bloomberg Opinion) — Over the past decade, it’s almost been too easy for Americans to manage their wealth. A textbook 60/40 portfolio — in its simplest incarnation, exposure to the S&P 500 Index and Treasury bonds — was an effortless winner. The U.S. boasted the world’s best stock market, and bonds, apart from offering interest income, provided a nice hedge against equity risks.Now we live in extraordinary times that demand a reshuffle. Swapping out some bonds for gold and some U.S. technology stocks for Chinese ones could offer a better hedge: Both can be considered credit default swaps against President …read more […]

(Bloomberg) — Gold retreated from a record, trimming the longest stretch of weekly gains since 2006, as a stronger dollar curbed the metal’s haven appeal. Silver fell after earlier closing in on $30 an ounce.The dollar headed for its first gain in four sessions amid a deepening rift between Washington and Beijing. President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing business with the Chinese-owned TikTok and WeChat apps beginning 45 days from now. Meanwhile, a high-powered U.S. panel recommended tightening the disclosure requirements for Chinese companies listed on American exchanges.Bullion is still up more …read more […]

(Bloomberg) — U.S. President Donald Trump’s move to ban WeChat and TikTok roiled Asian markets and hit some of the highest profile technology stocks in the region.Shares of WeChat operator Tencent Holdings Ltd. plunged as much as 10% before paring some of the losses. Other tech names such as Alibaba Group Holding Ltd. and Taiwan Semiconductor Manufacturing Co. were among notable decliners in Asia on Friday. The MSCI Asia Pacific Index turned lower to fall as much as 1.4%, snapping a four-day rising streak.“There’s no saying how bad things could get,” said Hao Hong, chief strategist at Bocom International Holdings …read more […]

Spot gold was up 0.3% at $2,069.78 per ounce by 0308 GMT after hitting an all-time high of $2,072.50 in early trade. It has added 4.7% so far this week in what would be its ninth straight weekly gain. U.S. gold futures rose 0.6% to $2,081.60. …read more […]

The social media giant’s shares rose on Thursday after the launch of its new TikTok rival Instagram Reels. …read more […]

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(Bloomberg) — Hong Kong and mainland stocks fell after the Trump administration said it would ban U.S. residents from doing any business with China’s Tencent Holdings Ltd.Tencent, one of the most valuable stocks in the world and Asia’s biggest primary listing, tumbled as much as 10%, the most since 2011. That sent the Hang Seng Index to a loss of 2.4%. China’s tech-heavy ChiNext Index dropped 2.6% in Shenzhen to erase its gain for the week. The yuan weakened as much as 0.3%, the most in two weeks.The U.S. has in recent days extended its efforts to curb the influence …read more […]