Sun.Jul 23, 2023

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5 Reasons I Won't Get a Costco Membership

The Motley Fool

Image source: Getty Images If you've spent any amount of time reading the excellent personal finance content here at The Ascent, you could probably tell that Costco has a big fanbase here. And honestly, that's not at all surprising. Costco is a great place to buy bulk paper towels, of course, but you can also buy a laptop there. You can gawk at high-end jewelry , and order the iconic $1.50 hot-dog-and-soda combo at the food court.

Financing 246
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Frigade Raises $3M in Seed Funding

FinSMEs

Frigade, a San Francisco, CA-based provider of a platform for developers to build product onboarding and education, raised $3M in seed funding. The round was led by Craft Ventures and La Famiglia with participation from Y Combinator, Defy.vc, and Magic.fund, as well as The company intends to use the funds to expand operations and develop […] The post Frigade Raises $3M in Seed Funding appeared first on FinSMEs.

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The Tangled Geopolitics of Undersea Cables

The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. If you're an avid reader of The Daily Upside (and why wouldn't you be?) you might have noticed that the US and China have been attempting some kind of detente. The making-up process has been extremely piecemeal, and on certain topics -- the most high-profile being semiconductors -- the two sides continue to needle each oth

Stakes 246
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How to Invest Like the 1%

A Wealth of Common Sense

A lot of investors assume once you amass a large fortune that you’re welcomed into some secret club that unlocks the holy grail of investment opportunities. Sure, there are plenty of really rich people who invest in excluding, expensive, complex strategies but the majority of the wealthy class has most of their money in normal asset classes like stocks and bonds.

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Your Next Social Security COLA Could Be Bigger Than Predicted -- but Don't Get Too Excited

The Motley Fool

One of the most important times of the year for Social Security recipients is underway. We're nearly through the first month of the third quarter. Why is this period so important? The Social Security Administration (SSA) compares inflation numbers in the third quarter against figures from the same quarter in the prior year to calculate the annual cost-of-living adjustment ( COLA ).

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UK pensions boost Gresham House sustainable infra strategy

AltAssets

A pair of UK pension funds have helped Gresham House’s Sustainable Infrastructure Fund pass £400m. The post UK pensions boost Gresham House sustainable infra strategy first appeared on AltAssets Private Equity News.

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Key Strategies to Climbing the Ladder for Career Advancement

Entrepreneur - VC

Are you happy with your job, or do you want to be the boss? Here are some key strategies to help you climb the ladder and advance your career.

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Airbnb is Letting the Air Out

The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. Airbnb started in 2008 to facilitate a quintessential digital-age side hustle: Users renting out their homes for a weekend or two to secure the next month's mortgage payment. But it soon became a gateway for creating real estate empires, turning neighborhoods into tourist zones and mom-and-pops into wannabe J.W.

Prospects 246
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Why philanthropists are prequalified prospects

Million Dollar Round Table (MDRT)

By Bryce Sanders As a financial advisor or agent, you may do research to discover who in your area has assets and money in motion to fill your prospecting pipeline. You might seek referrals or find out who just moved into the neighborhood. It’s a lot of work. There’s a quicker way, however, to find the type of clients you may want. Philanthropists have money to give away.

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Used Car Prices Are Down 5.2% From a Year Ago. Should You Buy Now?

The Motley Fool

Image source: Getty Images Used car prices are finally coming down, and by the latest measure, they could be dropping hard. According to the latest Consumer Price Index (CPI), used car prices fell about 0.5% in June 2023 and a whopping 5.2% year over year. That means, a used car that would have cost you $10,000 in June 2022 would have hypothetically cost you $520 less in June of this year.

Financing 246
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Learning to Let Go of Control and Delegate Can Be Hard. Here Are 3 Components to Make It Easier.

Entrepreneur - VC

Internal controls (or procedures) are crucial checks and balances that safeguard against potential risks and ensure everything continues to align with the company's strategic focus. Here's how to set them up — and in turn, set up your company for success.

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Retired Workers in These 10 States Receive the Biggest Social Security Checks

The Motley Fool

As of June 2023, the average retired worker was receiving $1,837.29 each month from Social Security, or a little over $22,000 on an annualized basis. While this isn't a particularly large monthly payout, it's necessary income that between 80% and 90% of retirees lean on to cover some portion of their monthly expenses, based on what more than two decades of surveys from national pollster Gallup tells us.

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Guy Hands steps down as head of Terra Firma

Private Equity Wire

Guy Hands steps down as head of Terra Firma Submitted 24/07/2023 - 7:06am Guy Hands is stepping down as chief investment officer and chair at Terra Firma Capital Partners, with the firm now set to be led by Paul Hatter as COO and Hands’ son Richard Hands as Managing Director responsible for residential investments and new deals, according to a report by the Financial Times.

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Can You Use a Personal Loan for a Home Down Payment?

The Motley Fool

Image source: Getty Images Since 2018, first-time home buyers have typically made a down payment of about 6% to 7%, according to the National Association of Realtors. With the median sale price of a house sold in the U.S. totaling $436,800 as of April 25, 2023, that could add up to a down payment of about $30,576. With a down payment costing so much, you may be wondering if it's possible to borrow for one using a personal loan, so you can get into a house sooner.

Debt 246
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Bain Capital buys 90% of Adani Capital and Adani Housing

Private Equity Wire

Bain Capital buys 90% of Adani Capital and Adani Housing Submitted 24/07/2023 - 7:26am Bain Capital is acquiring 90% of Adani Capital and Adani Housing, in a deal which will buy out 100% of the Adani family’s private investments in the company. Gaurav Gupta, CEO and managing director, will retain his stake and will continue to lead the company. Bain has also committed $120 million in primary capital to facilitate the company’s ongoing growth.

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What Happens if Someone Bought Life Insurance and Their Family Didn't Know It?

The Motley Fool

Image source: Getty Images Buying life insurance protects loved ones. If someone dies while their spouse or other family members are relying on their income or services, this could be a huge problem. Once the deceased person's paychecks stop being deposited into a shared checking account , surviving loved ones could be left with a serious financial shortfall.

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Temasek’s approach to AI: Support portfolio companies create value

Top 1000 Funds

Temasek's CIO Rohit Sipahimalani explains the investor is approaching opportunities in generative AI by focusing on supporting portfolio companies apply the technology so they can better create value.

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Stock Split Watch: 3 Supercharged Growth Stocks That Could Split Their Shares in 2023

The Motley Fool

One of the more interesting developments for investors over the past few years has been a rebirth in the popularity of stock splits. With the advent of no-cost and low-cost stock trading, investors are no longer obligated to buy stocks in round lots of 100. Yet with prices often in the hundreds or even thousands of dollars, some people with smaller monthly investing budgets still prefer lower-cost stocks.

Companies 246
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Norfund backs Ghanaian plastics firm in convertible loan deal

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Norfund backs Ghanaian plastics firm in convertible loan deal first appeared on Africa Capital Digest.

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Saudi-led Bloc Blocks G20 Fossil Fuel Deal

The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. Just like global temperatures, tensions among the G20 nations are heating up. After several days of debate at a summit among member countries in the Indian state of Goa, a motion to reduce fossil-fuel use was ultimately blocked by a group of countries led by Saudi Arabia, according to a summary document released last weeke

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IFC considering sidecar SPV for Kenyan housing fund

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post IFC considering sidecar SPV for Kenyan housing fund first appeared on Africa Capital Digest.

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A Sugar Shortage is Crimping the Candy Supply Chain

The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. You may want to give candy the "toilet paper in March 2020" treatment. It's every sweet-tooth's worst nightmare: A sugar shortage is hitting the candy supply chain -- putting the industry's all-important Halloween season in peril, according to a new report from The Wall Street Journal.

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Vantage acquires control stake with a mix of mezzanine and equity capital

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Vantage acquires control stake with a mix of mezzanine and equity capital first appeared on Africa Capital Digest.

Stakes 52
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Ethereum's Hidden Potential: These Indicators Point to a Looming Surge

The Motley Fool

Bitcoin (CRYPTO: BTC) might be stealing the spotlight recently as the race for a spot exchange-traded fund (ETF) heats up. However, the second-most valuable cryptocurrency, Ethereum (CRYPTO: ETH) , shouldn't be overlooked as a solid investment option. Despite remaining well off its all-time high, signs are emerging that Ethereum might be building momentum to reclaim previous levels.

Stakes 246
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Globeleq buys investor stakes to take control of solar power plant

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Globeleq buys investor stakes to take control of solar power plant first appeared on Africa Capital Digest.

Stakes 52
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Stock Split Watch: 2 Magnificent Growth Stocks to Buy Now and Hold Forever

The Motley Fool

Investors tend to get excited when a company splits its stock. That may seem irrational since stock splits have no direct impact on fundamentals like revenue or valuation, but there is a thread of logic in that reaction. Stock splits are only necessary after significant share price appreciation, which itself hints at a strong underlying business. With that in mind, Costco Wholesale (NASDAQ: COST) and MercadoLibre (NASDAQ: MELI) are prime candidates for stock splits given that their shares curren

Financing 246
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EIB signs off on investment in Africa-focused climate debt fund

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post EIB signs off on investment in Africa-focused climate debt fund first appeared on Africa Capital Digest.

Debt 52
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3 Things About Microsoft Stock That Smart Investors Know

The Motley Fool

Investors are about to get a flood of fresh information about Microsoft 's (NASDAQ: MSFT) business. The software giant will announce fiscal 2023 fourth-quarter results on July 25, in a report that will likely feature an official outlook for the fiscal year 2024. There are big questions around the company's growth opportunities, profitability, and cash demand trends heading into that announcement.

Investors 246
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Trade sale to AgroFresh gives Carlyle their exit

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Trade sale to AgroFresh gives Carlyle their exit first appeared on Africa Capital Digest.

Capital 52
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The Secrets of Your Credit Score Explained

The Motley Fool

Image source: Getty Images Your credit score is a number used to measure your creditworthiness. It's an important part of your personal finances. For example, it's a big factor in deciding the interest rates you'll get on loans. If you have a high credit score, it can make life easier and cheaper. By understanding how your credit score works , you'll be able to manage it well and achieve excellent credit.

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Climate Fund Managers backs Africa-focused Scatec solar subsidiary

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Climate Fund Managers backs Africa-focused Scatec solar subsidiary first appeared on Africa Capital Digest.

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Missed Out on Nvidia's Surge? Buy This Cheap AI Stock Before It Doubles.

The Motley Fool

Nvidia (NASDAQ: NVDA) has been one of the hottest stocks on the market in 2023 thanks to the surging adoption of artificial intelligence (AI) applications. Shares of the semiconductor giant are up by 205% year to date as of this writing, and not surprisingly, it now trades at an extremely rich valuation. The chipmaker's price-to-sales ratio stands at a whopping 44, while its trailing earnings multiple is 237.

Prospects 245
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Magic Raises £1.9M in Funding

FinSMEs

Magic, a London, UK-based fitness tech startup, raised £1.9m in funding. Backers included Fasanara Capital and SFC Capital. The company intends to use the funds to expand operations and its development efforts. Led by CEO and co-founder Varun Bhanot, Magic has created a hologram wall mirror that provides workout advice by projecting coaches who guide […] The post Magic Raises £1.9M in Funding appeared first on FinSMEs.

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3 Things About Tesla That Smart Investors Know

The Motley Fool

Tesla (NASDAQ: TSLA) stock is up 115% this year and has been one of the best-performing stocks of 2023. Over the last 10 years, shares skyrocketed a mind-blowing 3,970%. This type of performance wouldn't be possible if the business wasn't posting tremendous growth. Tesla has been a leader in the industry for electric vehicles (EV), and unsurprisingly, it commands a premium valuation today.

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