Fri.Jan 05, 2024

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5 Money Moves to Make in 2024 That Will Set You Up for Early Retirement

The Motley Fool

Image source: Getty Images Retirement has been happening later for Americans, and that trend is likely to continue. The average retirement age is 61, up from 57 in the 1990s. But the full retirement age (when you can get full Social Security benefits) is 67 for those born in 1960 or later. While some people are fine with retiring on the typical timeline, not everyone wants to wait that long.

Taxes 246
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Thoma Bravo backs investment research publisher BlueMatrix

PE Hub

Raymond James served as financial advisor to Thoma Bravo while Stifel served as financial advisor to BlueMatrix. The post Thoma Bravo backs investment research publisher BlueMatrix appeared first on PE Hub.

Investing 224
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Walgreens Is Cutting Its Big-Time Dividend. Time to Buy the Beaten-Down Dow Stock?

The Motley Fool

Walgreens Boots Alliance (NASDAQ: WBA) got the bad news out early in 2024. The pharmacy company is cutting its dividend by nearly 50%. That ended a streak of 47 years of dividend growth. That reduction will enable Walgreens to retain more cash to fund its growth and strengthen its balance sheet. Here's a look at whether now's the time to buy the beaten-down member of the Dow Jones Industrial Average , which lost 30% of its value last year compared to the iconic index's nearly 14% rise.

Stakes 246
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Thoma Bravo closes BlueMatrix deal; DPI identifies investment opportunities in Africa

PE Hub

Thoma Bravo backs investment research publisher BlueMatrix. The post Thoma Bravo closes BlueMatrix deal; DPI identifies investment opportunities in Africa appeared first on PE Hub.

Investing 208
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The Ultimate Cryptocurrency to Buy With $1,000 Right Now

The Motley Fool

In the past 10 years, the total value of the cryptocurrency asset class has grown significantly from around $12 billion to almost $1.7 trillion today. Not all cryptocurrencies have survived in this competitive market, and only the strongest have managed to survive. Throughout this evolution, one asset has risen to become the epitome of a cryptocurrency and is unequivocally the most robust, resilient, and valuable asset on the market today.

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Thurston Group-backed ARC Health snaps up mental health practice Mindsoother

PE Hub

ARC Health is a group of mental healthcare practices. The post Thurston Group-backed ARC Health snaps up mental health practice Mindsoother appeared first on PE Hub.

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RoundTable invests in injury prevention products manufacturer EHOB

PE Hub

Harris Williams LLC acted as financial advisor to EHOB on the deal. The post RoundTable invests in injury prevention products manufacturer EHOB appeared first on PE Hub.

Investing 206
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2 Unstoppable Warren Buffett ETFs to Buy Hand Over Fist in 2024

The Motley Fool

Fool.com contributor Parkev Tatevosian elaborates on the Vanguard S&P 500 ETF (NYSEMKT: VOO) and the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) and offers his thoughts on why Warren Buffett may have chosen these. *Stock prices used were the afternoon prices of Jan. 3, 2024. The video was published on Jan. 5, 2024. Should you invest $1,000 in SPDR S&P 500 ETF Trust right now?

Returns 246
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Hastings Equity-backed High Star Traffic buys paving service firm Superior Road Striping

PE Hub

This is the first add-on investment High Star has completed since Hastings formed the Midwest traffic control platform in July 2022. The post Hastings Equity-backed High Star Traffic buys paving service firm Superior Road Striping appeared first on PE Hub.

Investing 198
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Forget Microsoft, Here's a Better Artificial Intelligence (AI) Stock to Buy

The Motley Fool

Investors piled into both Microsoft (NASDAQ: MSFT) and Adobe (NASDAQ: ADBE) in 2023. The software giants outperformed a rallying Nasdaq Composite index last year, mainly thanks to soaring optimism about artificial intelligence (AI) and its ability to boost the value of creative and productive software platforms in the years ahead. While Microsoft has its advantages in this arena, it's far from an ideal growth stock.

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Wellness program and training provider O2X snags investment from Falfurrias Growth Partners

PE Hub

Gabriel Gomez, Adam La Reau, and Paul McCullough will continue to lead O2X, along with the entirety of the existing management team. The post Wellness program and training provider O2X snags investment from Falfurrias Growth Partners appeared first on PE Hub.

Investing 190
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Here's the Average Social Security Benefit for Men and Women at Ages 62 to 70

The Motley Fool

The Social Security Administration says retirement benefits typically replace about 40% of pre-retirement income, but the precise payout depends on several variables. Understanding those variables can help workers and retired workers alike score a bigger benefit. Read on to see the average Social Security benefit for retired men and women at ages 62 through 70, and to learn how lifetime earnings, work history, and claiming age impact the payout.

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DPI’s Marc Stoneham: Africa’s growing urbanization, population growth and digitization make it compelling

PE Hub

'As a pan-African investor, DPI looks at the whole continent and our portfolio is spread across more than 40 countries,' said Stoneham. The post DPI’s Marc Stoneham: Africa’s growing urbanization, population growth and digitization make it compelling appeared first on PE Hub.

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1 Fantastic Dividend Stock Yielding 5.2% for Passive Income Investors to Buy in Bunches in 2024

The Motley Fool

Fool.com contributor Parkev Tatevosian discusses why this dividend stock is a good match for passive income investors. *Stock prices used were the afternoon prices of Jan. 3, 2024. The video was published on Jan. 5, 2024. Should you invest $1,000 in Verizon Communications right now? Before you buy stock in Verizon Communications, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now. and Verizon Communications

Investors 246
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Silversmith promotes Kingsley to principal and Nash to VP

PE Hub

Kingsley rejoined Silversmith in 2012 and Nash came on board the same year. The post Silversmith promotes Kingsley to principal and Nash to VP appeared first on PE Hub.

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3 "Magnificent Seven" Stocks Billionaires Are Piling Into as We Head Into 2024

The Motley Fool

As we look back on 2023, a few things stand out. One is how quickly generative artificial intelligence (AI) rose to prominence. OpenAI's ChatGPT was virtually unheard of as the year began but quickly became the rallying cry for a generation of tech investors. Another was the emergence of the so-called "Magnificent Seven" group of stocks, which outperformed the broader market by a wide margin (presented in order of stock price percentage gains): Nvidia : Up 239% Meta Platforms (NASDAQ: META) : Up

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Summit Park recaps test and measurement firm Michelli

PE Hub

McGuireWoods acted as legal counsel to Summit Park and Jones Walker LLP acted as legal counsel to Michelli. The post Summit Park recaps test and measurement firm Michelli appeared first on PE Hub.

Legal 180
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Aiming to Retire in 2034? Make These Moves in 2024.

The Motley Fool

Retirement is a milestone many people plan for and look forward to. And if you're aiming to retire in 2034, you're just 10 years away from wrapping up your career for good. How exciting! If you want your plans to come to life, though, it's important to be on track to end your workforce stint in 10 years. With that in mind, make sure to tackle these essential moves in 2024.

Financing 246
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Alger Group to acquire Redwood Investments

PE Hub

Based in New York City, Alger is a women-owned and minority-led growth equity investment manager. The post Alger Group to acquire Redwood Investments appeared first on PE Hub.

Investing 175
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Will the Fed Cut Interest Rates in 2024? Here's What We Know

The Motley Fool

Image source: Getty Images Surging inflation has been a persistent problem for Americans since 2021. And in 2022, things really came to a head, with annual inflation rising to 9.1% that June. Thankfully, inflation cooled steadily in 2023. And with any luck, it will continue to do so in 2024. If that happens, there's a good chance the Federal Reserve will move forward with interest rate cuts.

Banks 246
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Sycamore Partners takes fashion company Chico’s FAS private

PE Hub

The deal is valued at about $1 billion. The post Sycamore Partners takes fashion company Chico’s FAS private appeared first on PE Hub.

Companies 201
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AMD Seeks to Boost Artificial Intelligence (AI) Chip Capacity in 2024 -- Should Nvidia Investors Be Worried?

The Motley Fool

In today's video, I discuss recent updates impacting Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Jan. 4, 2024. The video was published on Jan. 5, 2024. Should you invest $1,000 in Advanced Micro Devices right now?

Investors 246
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Cresta appoints Leigh and Mullin as operating partners

PE Hub

Also, the firm promoted Julie Westbrook to general counsel and chief compliance officer, Jessica Groshek to vice president of ESG and external affairs and Cheri Schudder to director of human resources at Ocelot Energy Management, a Cresta portfolio company. The post Cresta appoints Leigh and Mullin as operating partners appeared first on PE Hub.

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Got $3,000? 2 Growth Stocks to Double Up on Right Now.

The Motley Fool

Growth stocks can be great assets for your portfolio, especially if you can stomach the volatility that usually comes with them. The journey could be a little rocky for some, but patience can pay off big for investors. If you have $3,000 available to invest (meaning you don't need it for an emergency fund or to pay off high-interest debt), putting your money into these two growth stocks is a good choice.

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Zeus to be acquired by EQT

Private Equity Insights

EQT X fund has entered into an agreement to acquire Zeus from the Tourville family. Founded in 1966, Zeus is a specialist in the design, development, and extrusion of fluoropolymer tubing for medical devices and select industrial applications. EQT also announced that John Groetelaars, former CEO of Hillrom and EQT industrial advisor, will serve as Zeus’ executive chairman upon closing of the transaction.

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The Smartest Artificial Intelligence (AI) Stock to Buy With $500 Right Now

The Motley Fool

Artificial intelligence (AI) took some massive steps forward in 2023. Following the release of OpenAI's ChatGPT in late 2022, practically every executive was talking about how they were applying the advancements in technology to their businesses. While start-ups like OpenAI and Anthropic garnered a lot of attention and massive investments from Microsoft and Amazon , respectively, one company has been building advanced AI applications for well over a decade.

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Saudi Fund Outpaces Singapore’s GIC With $31.6 Billion Splurge

Private Equity Insights

Saudi Arabia’s Public Investment Fund emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers including GIC Pte and Temasek Holdings Pte slashed spending. PIF, as the Saudi fund is known, deployed $31.6 billion in 2023, according to research consultancy Global SWF. That was higher than the $20.7 billion it invested the previous year, an increase that contrasts with a wider trend — globally state-owned investors deployed $124.7 billion

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If I Could Buy Just 1 FAANG Stock in 2024, This Would Be It

The Motley Fool

Since the acronym was first coined more than a decade ago, FAANG has become synonymous with big tech, representing some of the best-performing stocks of a generation: Facebook, which changed its name to Meta Platforms Apple Amazon Netflix Google, now known as Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) Data by YCharts. It's easy to understand the attraction.

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CIVC Partners promotes Wilson to partner

PE Hub

Wilson joined CIVC in 2012. The post CIVC Partners promotes Wilson to partner appeared first on PE Hub.

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3 Millionaire Habits to Adopt in 2024

The Motley Fool

Image source: Getty Images The last few years have been tough financially for many households. It is hard to even think about achieving millionaire status when you're unsure about how you'll pay your bills or worried about the rising cost of groceries or gas. Even so, it is possible for many of us to build wealth. Moreover, you don't need to invent a time machine, earn megabucks, or inherit a fortune to do it.

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Bain Is Exploring €1 Billion Sale of Centrient Pharma

Private Equity Insights

Bain Capital is exploring a sale of Centrient Pharmaceuticals, an antibodies manufacturer that could be valued at as much as €1 billion ($1.1 billion), people familiar with the matter said. The private equity firm is working with Citigroup Inc. and Jefferies Financial Group Inc. on a possible divestment of Netherlands-based Centrient, according to the people, who asked not to be identified discussing confidential information.

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2 Growth Stocks Have Cathie Wood's Ark Invest Betting Big in 2024

The Motley Fool

Cathie Wood, founder and CEO of Ark Invest, has become a famous figure in the financial world. Her asset management company eschews traditional investment strategies, which often seek short-term gains in safe benchmarks. Instead, Ark focuses on long-term capital appreciation created by disruptive technology companies. Specifically, Wood and her team run six thematic index funds constructed around innovative technologies such as automation, the blockchain, fintech, and robotics.

Investing 246
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Twist in mega $2 billion plus ATC India sale: Canada’s Brookfield now lead suitor

Private Equity Insights

Since launching operations in India in 2007, ATC India’s portfolio has expanded to approximately 75,000 towers. The firm has a national presence and services all major telecom service providers in the country. Top Canadian investor Brookfield Asset Management is in the final stages of negotiations to acquire a 100 percent stake in ATC India, a unit of the US-based telecom tower major American Towers Corporation ( ATC), multiple industry sources told Moneycontrol.

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Is Amazon a No-Brainer Stock to Own in 2024?

The Motley Fool

Somewhat quietly, Amazon (NASDAQ: AMZN) had a monster year in 2023. The tech stock didn't get as much attention as AI stocks like Nvidia , and it wasn't part of the battle royale playing out between Microsoft and Alphabet in generative AI chatbots. However, Amazon finished 2023 up 81%. The recovery was due to a sharp sell-off in the stock in 2022 that left it oversold, and an impressive recovery in its profit margins in 2023.