A Wealth of Common Sense
JULY 21, 2024
Hendrik Bessimbinder has produced some of my favorite stock market research. Bessimbinder discovered that four out of every seven stocks in the U.S. have underperformed cash (one-month T-bills) since 1926. And just 4% of companies accounted for all the wealth gains for the entire stock market in that time. The stock market runs on power laws over the long run.
The Motley Fool
JULY 25, 2024
Coming a few days after a mixed earnings report from rival Verizon Communications , AT&T 's (NYSE: T) second-quarter report suffered from a similar problem. Wireless customers have been slow to upgrade their smartphones, leading to lower equipment revenue for the wireless leaders. AT&T saw equipment revenue drop 5.8% year over year in the second quarter, enough to cause the company to miss analyst expectations.
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FinSMEs
JULY 25, 2024
GEOH, an Indianapolis, IN-based provider of end-to-end software solutions for home care, raised $3M in Seed Plus funding. The round was led by Boomerang Ventures, contributing $2M, with participation from VisionTech Partners, First Leaf Capital, Digital Venture Partners, and individual investors. The company intends to use the funds to support strategic M&A opportunities and the […] The post GEOH Raises $3M in Seed Plus Funding appeared first on FinSMEs.
Private Equity Wire
JULY 25, 2024
Agellus Capital, a lower middle-market private equity firm focused on B2B, non-discretionary consumer, supply chain and infrastructure services, has closed its debut fund, Agellus Capital Private Equity Fund I, with total limited partner capital commitments of $400m. The fund was oversubscribed and surpassed its $350m target. It received commitments from endowments and foundations, global financial institutions, insurance companies, family offices, sovereign wealth funds, as well as founders, ex
Mr. Money Mustache
JULY 23, 2024
– “I used to read Mr. Money Mustache” , some people say these days, “Until he got all rich and fancy so that he no longer understands the common person’s plight. Stash probably doesn’t even practice any of these money-saving things he preaches any more!” When I read things like this, I can’t help but laugh. Because on the one hand, when you put a bunch of personal life details online like this, being misunderstood is just part of the package.
The Motley Fool
JULY 25, 2024
I'm sure most avid basketball fans can remember when "AI" was used to describe NBA great Allen Iverson. Nowadays, when you hear AI, the first thing many people think about is artificial intelligence (AI). It makes sense, too, when you consider just how prominent AI-related news has been over the past couple of years. AI has been around for a while, but recent developments and the success of generative AI applications like ChatGPT have brought it to the forefront of many businesses.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Wire
JULY 24, 2024
Blackstone is intensifying its focus on international credit opportunities, and is aiming to grow its portfolio to include a wider range of debt, including local-currency investments, according to a report by Bloomberg quoting the company’s Global Head of Credit & Insurance, Gilles Dellaert. Speaking during an interview in Tokyo, Dellaert said: “We see substantial growth potential in Europe and Asia.
Indigo Marketing Agency
JULY 23, 2024
If I went to your website right now, would it pass the 5-second test? Would I be able to immediately discern: Who you are? What you do? Who you do it for? And most importantly—why someone should choose you? Then, would I know what they should do next after visiting ? When envisioning your firm’s next website, it’s easy to articulate its purpose and desired ambiance.
The Motley Fool
JULY 25, 2024
Shares of Verizon Communications (NYSE: VZ) were falling after the wireless company reported mixed second-quarter earnings results. Its stock remains up more than 20% over the past year, but it is now up only modestly year to date, underperforming the strong year-to-date performance of the S&P 500. Let's take a closer look at Verizon's most recent results, its valuation and dividend, and whether now is a good time to buy the stock on this recent dip.
FinSMEs
JULY 23, 2024
Mytra, a San Francisco, CA-based three-dimensional robotics company, raised $78M in funding. Backers included Albertsons Companies. Mytra is also backed by investors, including Greenoaks, who led the company’s Series B, Eclipse, who led the previous seed and Series A rounds, in addition to Co-founder and Chairman of Okta Frederic Kerrest’s 515 Ventures, and individual investors, […] The post Mytra Raises $78M in Funding appeared first on FinSMEs.
Private Equity Wire
JULY 25, 2024
Dutch firm Waterland Private Equity has made an investment in Beyond Law Group, which is intended to support the law firm’s growth through recruitment, the expansion of existing practices as well as acquisitions of niche practices. Beyond Law Group was established in 2017 and has offices in Manchester, Cheshire and London, employing around 100. The company creates and manages specialist legal practices including Beyond Corporate, McAlister Family Law and more recently Home Property Law.
AltAssets
JULY 25, 2024
KKR has acquired Marmic Fire & Safety, a provider of regulation-mandated fire equipment inspection, testing and maintenance services, from HGGC. Marmic specializes in the inspection, testing, and maintenance of fire protection equipment for more than 56,000 customers across the commercial, industrial, multi-family, education, government, and healthcare end markets in the US.
The Motley Fool
JULY 25, 2024
Spotify 's (NYSE: SPOT) recent second-quarter earnings release was music to the ears of many investors. The streaming service convincingly beat the average bottom-line estimate while delivering robust growth where it counted. In the wake of that release, several analysts raised their price targets on the high-profile music streamer. One even went so far as to upgrade his recommendation on its stock.
FinSMEs
JULY 25, 2024
4D Medicine, a Nottingham, UK-based company developing biomaterials for 3D printed implants and surgical devices, raised $3.4M in Series A funding. The round was led by Oshen Holdings and backed by DSW Ventures, SFC Capital, Boundary Capital and private investors including scientists and surgeons. The company intends to use the funds to complete pre-clinical testing […] The post 4D Medicine Raises £3.4M in Series A Funding appeared first on FinSMEs.
Private Equity Wire
JULY 25, 2024
21 Invest, the private equity firm led by Italian businessman Alessandro Benetton, is weighing up a potential sale of Italian eye-care company Sifi after nearly a decade of ownership, according to a report by Bloomberg citing sources familiar with the matter. 21 Invest has reportedly enlisted the services of Mediobanca and Evercore Inc to explore potential interest in Sifi, with the firm expected to initiate the sale process after the summer, targeting both larger healthcare companies and privat
AltAssets
JULY 24, 2024
Value4Capital, a lower mid-market investor targeting Poland and the wider CEE region, has already beaten the target for its latest fund with a €100m first close. The post Poland, CEE-focused Value4Capital beats new fund target at first close, eyes €140m hard cap first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 25, 2024
If you're looking for some good dividend stocks to own in retirement, one thing you'll want to focus on is stability. Striking a balance between safety and dividend income can be key to ensuring you protect your savings while also making the most of them. And by investing in blue chip stocks with above-average yields, you can get the best of both worlds.
FinSMEs
JULY 25, 2024
Hong Kong, Hong Kong, 25th July 2024, Chainwire The post Social Infrastructure OpenSocial Protocol receives $6 million strategic backing led by Framework Ventures and North Island Ventures to fuel community apps appeared first on FinSMEs.
Private Equity Wire
JULY 24, 2024
LA-based software and technology-focused private equity firm Diversis Capital has made an investment in Decision Lens, a provider of public sector planning software. According to a press statement, Decision Lens’ customers include the US Department of Defense, the intelligence community, federal civilian agencies, as well as state and local governments.
A Wealth of Common Sense
JULY 25, 2024
My colleagues Dan LaRosa and Cameron Rufus joined me on the show this week to discuss questions about how to find the best auto insurance rates, owner-only defined benefit plans, finding clients as a financial advisor and how much of your portfolio should be in alternative investments. Further Reading: When is Mean Reversion Coming in the Stock Market The post What’s the Worst Long-Term Return For U.S.
The Motley Fool
JULY 25, 2024
Nikola (NASDAQ: NKLA) and its shareholders have had a tumultuous journey. The company's founder and former CEO was convicted of wire fraud and securities fraud, and the stock has lost over 99% of its value. Today, Nikola is working to rebuild its reputation while establishing its business in a promising industry. At face value, Nikola resembles a lottery ticket, a potential millionaire-making investment if things go well.
FinSMEs
JULY 24, 2024
Splight, a San Francisco, CA-based AI startup which specializes in grid operations technologies, raised $12M in Seed funding. The round was led by noa (formerly A/O) and joined by EDP Ventures, Elewit, Draper Cygnus, Draper B1, Ascent Energy Ventures, Fen Ventures, Reaction Global, Barn Investments, and the UC Berkeley Foundation, among others. The company intends […] The post Splight Raises $12M in Seed Funding appeared first on FinSMEs.
Private Equity Wire
JULY 24, 2024
Global private investment firm KKR is to acquire Janney Montgomery Scott, a wealth management, investment banking and asset management firm with over $150bn in assets under administration, from The Penn Mutual Life Insurance Company. Tracing its roots to 1832, Janney’s more than 900 financial advisors provide financial planning, asset allocation, retirement planning and other financial advice and services to clients from 135 offices across the US.
AltAssets
JULY 24, 2024
Global investment house Adams Street Partners has named COO and partner Jim Walker as global head of wealth at the $59bn-managing firm. The post Adams Street names COO Walker as global head of wealth first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 25, 2024
No company in the last year has captured the attention of the investing world quite like Nvidia (NASDAQ: NVDA). The chipmaker dominated headlines as its stock price more than doubled since January, and with good reason; it's proven itself as one of the most important and central companies in the artificial intelligence (AI) boom -- a role that has allowed it to rake in dizzying amounts of cash.
FinSMEs
JULY 25, 2024
deepc, a Munich, Germany-based company behind AI operating systems for radiologists and enterprise clinical organizations, closed its Series A with a $13M extension funding. The round, which brought the total amount to $30M, was led by Sofinnova Partners and Bertelsmann Investments, with participation from new investors KHP Ventures and SwissHealth Ventures, alongside existing investor Winning Mindset […] The post deepc Closes Series A With $13M Extension Funding appeared first on FinSMEs.
Private Equity Wire
JULY 24, 2024
Platinum Equity, a private investment firm with more than $48bn in assets, is to acquire GSM Outdoors, a US outdoor and consumer sporting goods company with a portfolio of around 50 brands, from Gridiron Capital. Financial terms of the acquisition, which is expected to complete in Q3 2024, have not been disclosed. Headquartered in Irving, Texas, GSM Outdoors provides branded consumables, accessories and gear for outdoor activities.
XY Planning Network
JULY 23, 2024
Becoming an independent fee-only financial advisor can seem overwhelming, lonely, and stressful. Add to that the burdens of everyday life—or, heaven forbid, a major life-changing event—that can almost make you feel like your dream career is unattainable. Fortunately, with XYPN membership , you not only benefit from our end-to-end tech, compliance, and support solutions as well as resource, education, and coaching assistance, but you also have the support of what's been ranked our top benefit 3 t
The Motley Fool
JULY 25, 2024
If you're thinking about buying shares of Nvidia now, one issue you might be finding it hard to get around is its valuation. While the chipmaker's growth prospects are undoubtedly amazing, is the stock really worth paying more than 70 times earnings for? For many investors, the answer has been a resounding yes -- the chipmaker's market cap is up by around 150% this year to $3 trillion.
FinSMEs
JULY 22, 2024
Trait, a Berlin, Germany-based provider of a training app, raised €1M in Seed funding. Backers included HTGF, better ventures and others. The company intends to use the funds for the further development of its AI training platform, which aims to provide a more personalized training experience for runners. Founded by Raphael Jung and Matthias Ettrich, […] The post Trait Raises €1M in Seed Funding appeared first on FinSMEs.
Private Equity Wire
JULY 23, 2024
Los Angeles-based global private investment firm Atar Capital has sold its portfolio company, Microcel, a distributor of lifestyle products in Canada, to Canadian distribution company TDL Gentek. The transaction closed on 17 July. Microcel was founded in 1989 in Newmarket, Ontario. Its products include wearables, portable audio, medi-tech, as well as smart home, kitchen and outdoor solutions, while its customer base includes Google, fitbit, Starlink, Anker, Beurer, Blendjet and Polaroid.
Million Dollar Round Table (MDRT)
JULY 21, 2024
By Bryce Sanders Not every financial advisor and life insurance agent despises prospecting. Many years ago, I met a financial advisor who truly enjoyed the process. He was the only person like that I have ever come across. For as much as most of us don’t enjoy prospecting, when you stop, you’re not adding new clients to the pipeline and eventually the pipeline will run dry.
The Motley Fool
JULY 24, 2024
Tesla (NASDAQ: TSLA) stock fell 11% through 11:45 a.m. ET Wednesday after the company badly missed analyst forecasts for earnings Tuesday night. Heading into the second-quarter report, Wall Street forecast the electric car leader would earn $0.62 per share on sales of $24.8 billion. Tesla exceeded the latter expectation, reporting Q2 sales of $25.5 billion.
FinSMEs
JULY 24, 2024
Skippio, a Dublin, Ireland-based tech startup providing a platform to enhance the fan experience at large-scale venues and events, raised €540K in Seed funding. The round was led by private investors with the support of Enterprise Ireland High-Potential Start-Up (HPSU) funding. The company intends to use the funds to expand operations and its development efforts. […] The post Skippio Raises €540k in Seed Funding appeared first on FinSMEs.
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