Former UBS asset manager Helmut Jonen earned a salary of over $322,000 (£253,818) annually over a decade ago. However, he quit the bank once his passive income from investment dividends reached north of $257,000, or 80% of his UBS salary. He achieved this milestone at the age of 52. “This year, I will probably earn … Read more
Billionaire entrepreneur and Dallas Mavericks co-owner Mark Cuban recently sat down with Shannon Sharpe on the Club Shay Shay podcast to share his thoughts on managing wealth as a two-way NBA player. With his signature directness, Cuban outlined how he’d manage money, invest, and avoid certain financial pitfalls if he navigated the pressures and uncertainties … Read more
The AI-driven market rally is navigating a big selloff amid weak US jobs and Q2 earnings reports, rising geopolitical tensions that threaten global supply chains, and a lack of clarity on how massive investments in AI translate to profit for investors and end-users. It is natural for investors who witnessed over 700% gains from just … Read more
Real estate investor and equity fund manager Grant Cardone recently explained in a ikTok clip that if you have a million dollars, you will be broke in 2024. According to Cardone, a million dollars was a big deal in 1960, but it has deflated rapidly and is worth only 10% of what it was then. … Read more
Intel was set to erase nearly $25 billion US in stock market value on Friday in potentially its worst sell-off since 2000, after it suspended its dividend and slashed its workforce to fund a costly turnaround for its chipmaking business. The company’s stock fell nearly 21 per cent in pre-market trading after Intel late on Thursday … Read more
Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation. The S&P 500 fell 1.8 per cent on Friday for its first back-to-back loss of at least one per cent since April. The Dow Jones industrial average lost 1.5 per cent, and the Nasdaq composite … Read more
Dividend-paying stocks barely performed last year as rates jumped to two-decade highs and investors flocked to bonds for high yields rather than volatile stocks for similar payouts. The S&P 500 Dividend Aristocrats index increased a meagre 5.7% in 2023 compared to the S&P 500’s 26% gain. However, Bank of America (BofA) believes that dividend-paying stocks … Read more
Bridgewater Associates, founded by billionaire investor Ray Dalio, went heavy on most of the “magnificent seven” stocks while offloading giants like Cisco Systems and Qualcomm despite posting solid Q1 results, according to the latest company 13F filing. Dalio’s strategies around risk parity to balance risks across asset classes, “Pure Alpha” to attain maximum return-to-risk ratios … Read more
Wheels India Ltd has reported a 64.3 per cent rise in its net profit for the January-March 2024 quarter at Rs 36.8 crore on the back of exports doing well, the company said. The Chennai-based manufacturer of wheels for trucks, agricultural tractors, passenger vehicles had registered a net profit of Rs 22.4 crore during the … Read more
As UK citizens face high living costs and a wage slump, many are finally considering their budgets and finances. Burdened with bills, high-interest credit card debt, student loans, and mortgage payments, keeping up with monthly expenses has become challenging for the average UK household. Financial expert Nischa Shah, in her YouTube podcast, unveiled an accessible … Read more
