A great transfer in wealth from aging baby boomers to younger generations is under way, and it is reshaping the wealth management industry in ways that demand greater efficiency and adaptation by incumbent firms. The shift to new investors is happening against a backdrop of disruption—an explosion of data, the rise of digital generations and the robo-advisors to serve them, and secular headwinds in the global economy. Generations X and Y move effortlessly across both the analog world of face-to-face meetings and the virtual world of digital platforms that enable the fast and accurate service they expect.
To move in lockstep with these young investors—to remain competitive as the future unfolds, with a burnished and tech-forward brand—wealth management firms must invest in a transformation built around a modern core banking system. And they must do it without alienating older clients, still the bedrock of their business. Read Article: https://www.forbes.com/sites/forbesinsights/2016/06/02/the-future-of-wealth-management/#236fa02611f0 How long should you plan to live?
No one can really know, of course. But the answer to that question may be the most critical factor in making a successful financial plan for retirement. Fewer baby boomer retirees — Americans born between 1946 and 1964 — have traditional pensions than their parents generation did, which means they will need to retire on income from Social Security and savings. At the same time, expected longevity for men and women at age 65 has jumped more than 10 percent since 2000, according to the Society of Actuaries. Men who reach age 65 can be expected to live to an average age of 86.6, and women to 88.8. Read Article: https://www.nytimes.com/2017/02/18/your-money/retiring-longevity-planning-social-security.html?ref=topics Engineers in upstate New York have invented a folded paper device that looks like a decorated art project. But don’t be fooled. This is actually a paper-based battery. No, it doesn’t look like any of those metal batteries running flashlights or smartphones. This alternative to electronics is based on paper. It represents a step forward in the field of papertronics (short for paper electronics). In these systems, the battery can be printed on a page. Well, most of it can: The battery’s power consists of living bacteria.
Read Article: https://www.sciencenewsforstudents.org/article/germs-power-new-paper-batteries Starting a business takes a lot of savvy. Many entrepreneurs border on genius when it comes to their particular niche, and that’s why people are willing to invest in, buy from, and do business with them. While a particular entrepreneur may thrive in her/his field, they may struggle in one common arena: Personal wealth management.
Entrepreneurs spend so much time garnering investments that they often don’t take the time to make any of their own. If you’ve ever started something you probably know all too well how easy it is to invest in a project, with no promise of a return. You pour all your time, energy and in this case money, into a venture hoping that it takes off (and eventually pays off). One founder has set out to solve this problem. Paul Adams, CEO and Founder of Sound Financial Group, has a passion for helping fellow entrepreneurs reach personal financial success. As a result, his Seattle-based investment firm manages millions in capital for its clients. Paul has some great insights on where and why founders often struggle to manage their own personal finances. Read Article: https://smallbiztrends.com/2017/02/personal-wealth-management.html https://www.facebook.com/joshua.nahas1
https://twitter.com/joshua_nahas https://joshuanahas.wordpress.com/ https://joshuanahas1.tumblr.com/ http://joshuanahas.weebly.com/ http://joshua-nahas.com/ http://joshuanahas.org/ http://joshuanahas.com/ http://joshuanahasinfo.com/ http://joshuanahas.net/ Humanity has a data storage problem: More data were created in the past 2 years than in all of preceding history. And that torrent of information may soon outstrip the ability of hard drives to capture it. Now, researchers report that they’ve come up with a new way to encode digital data in DNA to create the highest-density large-scale data storage scheme ever invented. Capable of storing 215 petabytes (215 million gigabytes) in a single gram of DNA, the system could, in principle, store every bit of datum ever recorded by humans in a container about the size and weight of a couple of pickup trucks. But whether the technology takes off may depend on its cost.
Read Article: http://www.sciencemag.org/news/2017/03/dna-could-store-all-worlds-data-one-room Here's what distressed investing is and how it works. See why distressed debt has been a very lucrative investment over history.
Investing in distressed debt can be extremely lucrative for people and companies that know what they're doing. Oaktree (NYSE:OAK), one of the top-flight distressed debt managers, has generated impressive returns in its distressed debt funds, earning a 17.1% internal rate of return for its investors since its inception in 1995. Distressed debt investing combines the best of both worlds -- the cash flow of debt investments with the appreciation potential of stocks. While there is no hard and fast rule for what makes a "distressed" investment, it's generally accepted that distressed debt trades at a huge discount to par value (think $400 for a $1,000 bond, for instance) because the borrower is under financial stress and at risk of default. The risks are certainly high, but those who manage their risks well have put up incredible returns over history. Distressed debt investors typically seek to make money in one of two ways: investing in turnarounds and participating in lend-to-own situations. Read Article: https://www.fool.com/investing/general/2015/05/19/how-distressed-debt-investing-works.aspx There are always companies in the market that look terrible but are likely to get back on the right track. The first instinct for the regular investor is often to invest in a financially distressed company's shares, but, as we'll learn in this article, the debt (bonds) of these firms is often a much more attractive investment. And although buying up large chunks of debt can cost millions of dollars, there are still ways for little guys to cash in too.
Buying Into Weak Companies Distressed debt investing entails buying the bonds of firms that have already filed for bankruptcy or are likely to do so. Companies that have taken on too much debt are often prime targets. The aim is to become a major creditor of the company by purchasing its bonds at a low price. This gives the buyer considerable power during either a reorganization or liquidation of the company, allowing the buyer to have a large say in what happens to the company. Read Article: http://www.investopedia.com/articles/stocks/07/distressed-debt.asp Posted on January 12, 2017 John HuberPosted in Case Studies, Charlie Munger, Investment Philosophy
A few months ago we had an interesting post/discussion on the site where Matt Brice and I share some of our research and investment ideas. The topic was Munger’s ability to quickly discard an investment opportunity if it was something he didn’t understand or a business he didn’t like. The comment that Munger made regarding the business of cattle ranching was one of the key takeaways that stayed with me from the 2016 Berkshire Annual Meeting—in short, the discipline that Munger has when it comes to his “too hard pile”. A week ago I read an article in Business Insider that referenced a Q&A from 2005 where Buffett was talking to a group of students from the University of Kansas and he was asked about the chances of success of the Sears/Kmart merger (which had just recently occurred at that time). Buffett’s answer—as so often is the case—was quite simple-minded and succinct, yet very logical and packed full of good advice to consider. What really struck me was the same thing that struck me in Munger’s reply to the cattle rancher: Buffett’s ability to quickly discard an investment opportunity that belongs in his too hard pile. He wastes very little time and energy considering these types of ideas. Read Article: http://basehitinvesting.com/importance-of-knowing-your-investment-boundaries-sears-mini-case-study/ |
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