Investor – Kat Masters http://katmasters.com/ Tue, 20 Jul 2021 09:50:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://katmasters.com/wp-content/uploads/2021/06/icon-2021-06-25T173039.237-150x150.png Investor – Kat Masters http://katmasters.com/ 32 32 “Very dangerous” to buy stocks and bitcoin, warns investor David Tice https://katmasters.com/very-dangerous-to-buy-stocks-and-bitcoin-warns-investor-david-tice/ https://katmasters.com/very-dangerous-to-buy-stocks-and-bitcoin-warns-investor-david-tice/#respond Sun, 18 Jul 2021 21:17:48 +0000 https://katmasters.com/very-dangerous-to-buy-stocks-and-bitcoin-warns-investor-david-tice/ The investor who sold his fund bearish as the 2008 financial crisis unfolded, delivers a grim long-term prognosis on Wall Street. From the S&P 500 to Big Tech to bitcoin, David Tice warns that these are currently “very dangerous times” for investors. “The market is very overvalued in terms of future earnings. We are adding […]]]>

The investor who sold his fund bearish as the 2008 financial crisis unfolded, delivers a grim long-term prognosis on Wall Street.

From the S&P 500 to Big Tech to bitcoin, David Tice warns that these are currently “very dangerous times” for investors.

“The market is very overvalued in terms of future earnings. We are adding debt like we have never seen before,” the former manager of the Prudent Bear Fund told Trading Nation on Friday. “We have the Treasury market acting very strangely with rates dropping dramatically.”

Tice, who is known for his bearish bets during bull markets, now advises the AdvisorShares Ranger Equity Bear ETF, which manages $ 70 million in assets. The fund grew 3% in the past month, but has lost 62% in the past two years.

He recognizes that it’s hard to predict the next major setback, and he’s often ahead. However, Tice is convinced that a market collapse is inevitable.

“We’re not out of the woods yet, and it’s a dangerous market,” Tice reiterated.

He encourages investors to weigh the risks: try to make short-term gains of 3% to 5% while facing the threat of a 40% pullback? Tice thinks this is a bet that is not worth taking.

Tice is particularly worried about Big Tech and FAANG stocks, which include Facebook, Apple, Amazon, Netflix, and Alphabet, formerly known as Google.

“A lot of money has been thrown at Alphabet and Microsoft, Apple and Facebook, Twitter and so on. Tice noted. “Costs are increasing in this industry.

Bitcoin is “very dangerous to hold today”

He also urges investors to be vigilant in the cryptocurrency space. Tice, who entered the year as a bitcoin bull, turned bearish bitcoin when it hit all-time highs in March.

“We had a bitcoin position while bitcoin was at $ 10,000,” Tice said. “However, when it came to $ 60,000, we felt like it was taking a long time … Lately there has been a lot more uproar from central bankers, Bank for International Settlements [and] the Bank of England has made some deep negative statements. I think it’s very dangerous to hold out today. “

Due to its downtrend, Tice co-founded hedge fund Morand-Tice Capital Management almost exactly one year ago. It is devoted to metallurgical and mining values. Tice, a longtime gold and silver bull, believes this is a once in a lifetime opportunity for investors.

“You look at this lack of discipline in the money and tax markets. Gold is really the place to be,” Tice said. “Over 5,000 years, gold and silver act very well as protection against fiat money.”

Gold closed at $ 1,812.50 an ounce on Friday. It’s down 4% so far this year and up 28% in the past two years. Tice expects the precious metal to rise 10% to $ 2,000 by December.

“I would own gold, especially gold and silver mining companies. These companies have never been cheaper. Many are single-digit multiples but potentially have a profit growth rate of 15. at 20% even with this stable gold price, ”Tice said. “But then you add in what we think is a 20% annual increase in the price of gold, and these ventures are going to be tremendous opportunities.”

Disclosure: David Tice owns gold, silver and mining actions.

Warning

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What famous billionaires have to say about investing in Bitcoin https://katmasters.com/what-famous-billionaires-have-to-say-about-investing-in-bitcoin/ https://katmasters.com/what-famous-billionaires-have-to-say-about-investing-in-bitcoin/#respond Sat, 17 Jul 2021 23:57:07 +0000 https://katmasters.com/what-famous-billionaires-have-to-say-about-investing-in-bitcoin/ With the number of gains that bitcoin has made, it has become the news of the century. In 2017, cryptocurrency first gained popularity, but the following year it started to crumble, giving credence to the idea that cryptocurrency is not all it is. is meant to be and that people should be wary of before […]]]>

With the number of gains that bitcoin has made, it has become the news of the century. In 2017, cryptocurrency first gained popularity, but the following year it started to crumble, giving credence to the idea that cryptocurrency is not all it is. is meant to be and that people should be wary of before investing their hard earned money. in this form of currency.

However, bitcoin has always attracted a large following. Famous celebrities from Gwyneth Paltrow to Snoop Dogg have reportedly been interested in cryptocurrency.

In 2020, bitcoin grew by 300%, and future trends estimate that by 2021 it will be very successful, as many millennials will join it. In fact, investors believe that bitcoin is one of those currencies that has not suffered any declines due to the ongoing pandemic.

Even though it is still largely volatile, the cryptocurrency has become popular among some famous billionaires. Below is what some billionaires have to say about bitcoin:

Elon Musk expressed mixed opinions

Recently Elon Musk tweeted something about the temptation to invest in bitcoin. Michael Saylor, a famous entrepreneur and cryptocurrency advocate, posted a comment advising Must to convert Tesla’s balance sheet to bitcoin instead of dollars. In response, Musk asked if such large transactions could even take place. You can invest in bitcoin through online platforms, to find out more you can contact Yuan payment team

However, Musk continued to have mixed opinions. His tweet about how “Bitcoin is almost as BS as fiat money” gained popularity, especially since he jokingly promoted the cryptocurrency Dogecoin.

Winklevoss twins believe cryptocurrency is the future

Typer and Cameron Winklevoss, the two Harvard-educated twins, became bitcoin’s very first billionaires in 2017. They are widely known for challenging Zuckerberg on how Facebook was built. Unfortunately, they ended up losing around $ 600 million when bitcoin hit a crisis in 2018.

However, in November 2020, the twins became billionaires again as bitcoin earnings jumped to 10-digit numbers. The twins predict that soon the value of bitcoin will be multiplied by 30.

Mark Cuban Believes Cryptocurrency Fans Act Like Following A Religion

When it comes to bitcoin, Cuban isn’t known to have the best vibes. Indeed, in December 2019, he announced that the cryptocurrency had “no chance” of becoming a trusted currency. In a recent interview with Forbes, he maintained his point.

Musk thinks bitcoin isn’t the answer. In fact, it is a store of value like gold. He disagrees with BTC fans who treat cryptocurrency as a saving grace during tough times. In the past, Cuban was known to compare bitcoin to bananas.

Mike Novogratz thinks 2020 has been a blessing for the cryptocurrency era

It’s no secret that Novogratz has been a big supporter of bitcoin. He even advised Game of Thrones star Maisie Williams that she should consider investing in bitcoin.

According to a recent Real Vision interview, Novogratz said the year of the pandemic was a game-changer for the cryptocurrency revolution. He believes that even though 2020 has been a terrible year and many people lost their lives, it will be seen as the era in which cryptocurrency excelled.

Sam Zell is skeptical of Bitcoin

Sam Zell is a huge investor and real estate mogul who was recently asked about his take on cryptocurrency.

Even though Zell didn’t completely ignore cryptocurrency, he didn’t seem sure about his point. He even said that while cryptocurrency may be one of the answers to the world’s financial problems, now is not a good time to focus on it. He believes the cryptocurrency is currently populated by people he wouldn’t want to be associated with because he doesn’t trust their ideas enough.

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]]> https://katmasters.com/what-famous-billionaires-have-to-say-about-investing-in-bitcoin/feed/ 0 Why investors worry about a profit squeeze in 2022 https://katmasters.com/why-investors-worry-about-a-profit-squeeze-in-2022/ https://katmasters.com/why-investors-worry-about-a-profit-squeeze-in-2022/#respond Fri, 16 Jul 2021 09:19:23 +0000 https://katmasters.com/why-investors-worry-about-a-profit-squeeze-in-2022/ July 17, 2021 I IT’S MID-JULY, therefore the football season in England will start soon. You probably didn’t notice it was over. The earnings season, when listed companies in America reveal their quarterly results, unfolds with equally tedious frequency and also seems to never end. The second quarter season that kicks off this week, however, […]]]>

I IT’S MID-JULY, therefore the football season in England will start soon. You probably didn’t notice it was over. The earnings season, when listed companies in America reveal their quarterly results, unfolds with equally tedious frequency and also seems to never end. The second quarter season that kicks off this week, however, should stand out. State-owned enterprises as a whole are expected to post the largest increase in profits since the rebound from the Great Recession of 2008-09.

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Profit optimism has driven stock prices higher over the past year. But the financial markets are relentlessly focused on the future. And with windfall revenues already in the bag, they now have less to look forward to. A rally in bond prices since March and a massive sell off in some cyclical stocks raise fears of a slowdown GDP growth. A plausible argument can be made that the earnings outlook could deteriorate as quickly as it has improved.

Start with bottom-up earnings forecasts from company analysts. They expect earnings per share for the MSCI The global stock index will rise 40% in 2021, according to FactSet, a data provider. This is much higher than at the start of the year, when the forecast was around 25%. A slowdown to a growth rate of 10% is expected in 2022. Again, forecasts tend to start at 10%, a round figure, before being revised upwards (as in 2017 for example) or downwards. (as in 2019) as the news arrives.

Profits fluctuate a lot. For large companies, many costs are fixed or do not vary much with production. Companies could in principle lay off workers during a recession and rehire them during a boom, so costs fluctuate with income. But it’s not a great way to run a business. One consequence of an overall stable cost base is that as sales go up or down, profits go up and down much more. This “operating lever” is particularly powerful for companies in cyclical sectors, such as oil, mining and heavy industry. Indeed, changes in earnings forecasts are largely driven by cyclical stocks.

So global GDP growth falls, so profits will fall faster. There is already evidence of a slowdown. Readings of production and orders in the World Manufacturing Purchasing Managers Index (PMI), a closely watched activity marker, fell in June. Global retail sales surged in March, but have not changed since. The obvious slowdown in the Chinese economy may be an omen, writes Michael Hartnett of Bank of America. China emerged from containment earlier; his PMI peaked earlier; and its bond yields began to fall four months ahead of Treasury yields.

Slowing economic growth is part of a classic earnings squeeze. The other is rising costs. Various bottlenecks have pushed up the prices of major inputs, such as semiconductors. We are doing too much, says Robert Buckland of Citigroup, a bank. Input prices generally increase significantly in the early stages of a global recovery. Large listed companies usually absorb them without damaging profits too much. The rapid growth in sales outweighs the effect of the cost of inputs. The real factor in the swing is wages, which make up the bulk of business costs. The recovery is barely a year old, but there are already signs of a tight labor market.

In the United States, the ratio of job vacancies to new hires, a measure of how difficult it is for businesses to fill positions, hit a record high in May. Companies that were forced to close during the closures have lost workers to other industries. Others completely abandon the labor market. Thanks to the recent surge in asset prices, especially homes, some people are choosing to retire early, says Morgan Stanley’s Michael Wilson.

An obvious remedy for rising costs would be to increase prices. Although inflation is increasing in America, it reflects price increases for a small number of items. Many companies tend not to increase their prices immediately. They are aware of losing customers to competitors who do not raise prices. And there are administrative costs to frequently change prices. A 2008 study published by Emi Nakamura and Jon Steinsson, two academics, found that the median price duration is between eight and 11 months. Food and gas prices change monthly, but many services only change once a year.

A reduction in profits is not certain. A number of influences could give new impetus to globalization GDP growth: an exceptional infrastructure bill in America; more political revival in China; or some concrete signs that the bottlenecks are easing. Still, while the current earnings season is expected to be sunny, margins appear vulnerable.

This article appeared in the Finance & Economics section of the print edition under the title “Margin Call”

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China’s economic recovery falters, investors consider further policy easing https://katmasters.com/chinas-economic-recovery-falters-investors-consider-further-policy-easing/ https://katmasters.com/chinas-economic-recovery-falters-investors-consider-further-policy-easing/#respond Thu, 15 Jul 2021 06:08:00 +0000 https://katmasters.com/chinas-economic-recovery-falters-investors-consider-further-policy-easing/ Post-COVID rebound has peaked, additional support may be needed Retail sales higher than forecast, industrial production offer some relief The sharp drop in automobile production weighs on industrial production China’s all-important real estate market shows signs of cooling BEIJING, July 15 (Reuters) – China’s economy grew slightly slower than expected in the second quarter, weighed […]]]>
  • Post-COVID rebound has peaked, additional support may be needed
  • Retail sales higher than forecast, industrial production offer some relief
  • The sharp drop in automobile production weighs on industrial production
  • China’s all-important real estate market shows signs of cooling

BEIJING, July 15 (Reuters) – China’s economy grew slightly slower than expected in the second quarter, weighed down by rising raw material costs and new outbreaks of COVID-19, as it is expected to what policymakers need to do more to support the recovery.

Gross domestic product (GDP) grew 7.9% in the April-June quarter from a year earlier, official data showed on Thursday, missing expectations of an 8.1% increase in a Reuters poll of economists. Read more

Growth slowed considerably from a record expansion of 18.3% during the January-March period, when the year-on-year growth rate was heavily skewed by the COVID-induced crisis in the first quarter of 2020.

Retail sales and industrial production grew more slowly in June, the latter driven by a sharp decline in motor vehicle production, while NBS data also showed a cooling of the Chinese housing market, a key driver of the growth.

But June’s activity data has always beaten expectations, providing some relief to investors worried about a slowdown after the central bank announced a policy easing last week. Read more

“The numbers were slightly lower than our expectations and market expectations (but) I think the momentum is pretty strong,” said UOB economist Woei Chen Ho in Singapore.

“Our biggest concern is the patchy recovery we have seen so far and for China the recovery in domestic consumption is very important… retail sales this month have been pretty strong and that may allay some concerns. . “

As the world’s second-largest economy has rebounded strongly from the COVID-19 crisis, bolstered by strong export demand and political support, data released in recent months has suggested some slowing down.

Higher raw material costs, supply shortages and pollution controls weigh on industrial activity, while small outbreaks of COVID-19 have limited consumer spending. Read more

Investors are watching to see if the central bank adopts a looser policy after the People’s Bank of China (PBOC) announced last week that it would reduce the amount of liquidity banks are required to hold as reserves, just like others central banks are beginning or beginning to think about exiting the stimulus from the pandemic era. Read more

The second-quarter average growth in 2020 and 2021 was 5.5%, up slightly from the 5% average for the first quarter, according to the National Bureau of Statistics.

On a quarterly basis, GDP grew 1.3% in the April-June period, the SNB said, narrowly exceeding expectations of a 1.2% increase in the Reuters poll. The SNB revised downward growth in the first quarter from the fourth quarter of last year to 0.4%.

FLEXIBILITY OF THE POLICY?

The PBOC’s move, which freed up around 1,000 billion yuan ($ 154.64 billion) in long-term liquidity to support the recovery, comes even as policymakers sought to normalize their policies after the strong rebound economy after the coronavirus crisis to contain financial risks.

It highlights the challenges policymakers will face in rolling back pandemic-era stimulus measures as the coronavirus continues to spread around the world. Read more

“The national economic recovery is uneven,” Liu Aihua, an NBS official said at a briefing Thursday.

“We also need to see that the global epidemic continues to evolve, and that there are many external instabilities and uncertain factors,” she said.

Premier Li Keqiang reiterated Monday that China will not resort to flood-like stimulus measures.

Still, Reuters poll economists expected more support this year, predicting a further decline in banks’ reserve requirement ratio (RRR) in the fourth quarter.

Some market watchers say a cut in the country’s benchmark loan prime rate could be the next step, possibly as early as next week. Read more

“Based on the current situation, if policymakers do not act, the fourth quarter GDP figure may fall outside the reasonable range, as the last quarter’s data was brilliant,” said Xing Zhaopeng, senior Chinese strategist. at ANZ in Shanghai.

“I expect the government to roll out targeted easing measures.”

FACE WIND

China’s strong exports have been a key support to the country’s post-COVID recovery, but a customs official said this week that overall trade growth could slow in the second half of 2021, partly reflecting uncertainties over the COVID-19 pandemic. Read more

“Headwinds to growth are expected to intensify in the second half of the year,” Julian Evans-Pritchard, senior Chinese economist at Capital Economics said in a note.

“China’s COVID-19 export boom appears to have peaked and will slow down over the next few quarters as the rollout and reopening of vaccines will help normalize patterns of global consumption. “

New home prices rose in June at the slowest pace since April and real estate investment at its slowest pace this year, as government measures to cool a warm housing market further dampen growth. Read more

NBS data showed China’s industrial production rose 8.3% in June from a year ago, slowing from an 8.8% increase in May. Economists in the poll were expecting a 7.8% increase year-on-year.

Retail sales increased 12.1% from a year earlier in June. Analysts in the poll were expecting an 11.0% increase after rising 12.4% in May.

Economists in the Reuters poll expected an 8.6% GDP expansion in 2021, which would be the highest annual growth in a decade and well above the country’s official target for growth above. 6%. China was the only major economy to avoid a contraction last year, growing 2.3%. Read more

Capital investment rose 12.6% in the first six months of 2021 compared to the same period a year earlier, compared to an expected rise and fall of 12.1% from a jump of 15, 4% in January-May.

($ 1 = 6.4665 yuan)

Reporting by Kevin Yao and Gabriel Crossley; Additional reporting by Roxanne Liu; Editing by Ana Nicolaci da Costa and Kim Coghill

Our standards: Thomson Reuters Trust Principles.

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Global Investor Exposure To Chinese Assets Reaches $ 800 Billion https://katmasters.com/global-investor-exposure-to-chinese-assets-reaches-800-billion/ https://katmasters.com/global-investor-exposure-to-chinese-assets-reaches-800-billion/#respond Wed, 14 Jul 2021 06:32:21 +0000 https://katmasters.com/global-investor-exposure-to-chinese-assets-reaches-800-billion/ Global holdings of Chinese stocks and bonds soared to more than $ 800 billion as investors bought assets in the country at a record pace despite deteriorating relations between Beijing and the international community. The push into Chinese markets by global investors has come despite tensions between Beijing and Washington over issues ranging from corporate […]]]>

Global holdings of Chinese stocks and bonds soared to more than $ 800 billion as investors bought assets in the country at a record pace despite deteriorating relations between Beijing and the international community.

The push into Chinese markets by global investors has come despite tensions between Beijing and Washington over issues ranging from corporate audits to Beijing’s crackdown on Uyghurs in Xinjiang, which the United States has called genocide.

It also coincided with a Beijing crackdown on Chinese listings in US financial markets, including a data security investigation by ride-hailing group Didi Chuxing announced just days after its $ 4.4 billion listing in New York City. .

Foreign investors have bought $ 35.3 billion net of Chinese equities during the year to date through trading platforms that link Hong Kong to the Shanghai and Shenzhen stock exchanges, according to Financial Times calculations based on Bloomberg data. This was about 49% more than a year earlier.

Foreign investors also bought more than $ 75 billion in Chinese treasury bills during the year, according to figures from Credit Agricole, which is a 50% increase from the previous year.

Foreign purchases of Chinese stocks and treasury bills grew at the fastest pace on record compared to corresponding periods in previous years. Enthusiasm for Chinese assets has been fueled by the country’s rapid rebound from the Covid-19 pandemic, but concerns are surfacing about its slowing economic growth.

“Contrary to geopolitical rhetoric, from an asset management perspective, you can’t avoid looking at the Chinese market,” said Andy Maynard, trader at investment bank China Renaissance.

Entries into Chinese markets have increased in recent years, in part due to the inclusion of renminbi assets in global stock and bond indices which are tracked by trillions of dollars in assets.

In March, FTSE Russell became the latest index provider to confirm plans to include Chinese government debt in its global bond index, a move that Nomura says will funnel more than $ 130 billion to China.

The inflows of bonds this year brought total foreign holdings to around 3.7 billion Rmb ($ 578 billion), according to FT calculations based on figures from Credit Agricole and Hong Kong’s Bond Connect program, a channel allowing offshore investors to exchange debt issued on the continent.

As of Wednesday, foreign investors held more than Rmb 1.4 billion of onshore shares through market links with Hong Kong, excluding other foreign investment programs.

Overseas investors together held around $ 570 billion in Chinese stocks and bonds a year ago.

A global shift this year away from high value-added tech stocks has also benefited mainland Chinese markets. Analysts said China’s onshore stocks offered better exposure to non-tech sectors, such as industry groups.

“As technology loses favor, people want other sectors, and most of those sectors are better represented on land,” said Thomas Gatley, analyst at Gavekal Dragonomics.

Analysts said mainland stocks have also found favor with global investors, as Chinese stocks listed in the United States face domestic regulatory crackdowns.

Shares of Didi, the New York-listed Chinese rideshare group, fell last week after Beijing launched a cybersecurity investigation into the company.

In debt markets, Mansoor Mohi-uddin, chief economist at the Bank of Singapore, pointed out that Chinese government bonds offer attractive yields compared to their US counterparts.

“There is a marked difference between the yields of Chinese bonds and US Treasuries,” he said, pointing to a 1.5 percentage point gap between the two.

Inflows into the Chinese bond market also accompanied a rally in the renminbi, which hit a three-year high against the dollar in May.

“We expect the interest rate differential to continue to support the [renminbi]Said Mohi-uddin, helping to boost inflows in Chinese stocks and bonds in the second half of the year.

China’s central bank decision on Friday to cut lenders’ reserve requirements has further fueled the country’s offshore bond purchases this week.

The move, which reduced the amount of capital banks must hold in reserve, is expected to free up around Rmb1 billion in liquidity and mark the end of the month of tighter monetary policy in China.

But the RRR cut also signaled to markets that Beijing may have feared slower growth, and came despite signs of rising inflation.

Patrick Wu, head of Asian emerging markets at Credit Agricole, said the decline surprised many international bond investors, who had recently slowed renminbi debt purchases.

“People were quite bearish and underweight in Chinese bonds,” Wu said, adding that offshore purchases of renminbi debt through Hong Kong had increased following the RRR cut.

Video: Will China Become the Center of the Global Economy?

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Dallas-Based Real Estate Company Specializing in Selling Homes to Investors Opens First Ohio Office in Columbus https://katmasters.com/dallas-based-real-estate-company-specializing-in-selling-homes-to-investors-opens-first-ohio-office-in-columbus/ https://katmasters.com/dallas-based-real-estate-company-specializing-in-selling-homes-to-investors-opens-first-ohio-office-in-columbus/#respond Fri, 09 Jul 2021 18:22:48 +0000 https://katmasters.com/dallas-based-real-estate-company-specializing-in-selling-homes-to-investors-opens-first-ohio-office-in-columbus/ through: By Bonnie Meibers | Columbus Business First Posted: Jul 9, 2021 / 2:22 PM EDT / Update: Jul 9, 2021 / 2:22 PM EDT New Western headquarters in Dallas, Texas. New Western opened an office in Columbus on July 1. COLUMBUS, Ohio (COLUMBUS BUSINESS FIRST) – New Western, a Dallas-based real estate company that […]]]>

New Western headquarters in Dallas, Texas. New Western opened an office in Columbus on July 1.

COLUMBUS, Ohio (COLUMBUS BUSINESS FIRST) – New Western, a Dallas-based real estate company that focuses on off-market properties, has opened its first office in Ohio at 4449 Easton Way.

New Western is present across the country, from Texas to Massachusetts. The company offers an exclusive platform and extensive inventory of investment property designed to help real estate investors acquire properties for renovation to resell and sell or resell and rent.

“It’s a niche for sure,” said Myrna Gourgy, general manager of the firm’s Columbus market. “New Western helps real estate investors who are striving to create passive or active income through real estate investing. We don’t work with traditional home buyers who buy a home to live in. The investors we work with come from very diverse backgrounds and have varying levels of experience. Some may be brand new to real estate investing, while others are experienced homeowners, homeowners, or both.

Gourgy said New Western has also worked with hedge funds in other markets.

The company said it was drawn to Columbus because of its rapid growth and hot housing market. Currently, there are over 481,000 older properties in the Columbus area that could be ideal for returning, according to New Western. Over 30,000 of these properties are located in Opportunity Zones – parts of the city that have tax incentives to develop.

“The reason we chose Columbus is due to the vast opportunities in the real estate market,” said Kurt Carlton, co-founder and chairman of the company, in a press release. “With the population continuing to grow rapidly, there is simply not enough housing available, making the number of aging housing units in the Columbus market a tremendous opportunity for investors to revitalize themselves. “

The company works with Sherman Bridge loan for mortgages and with the HomeGo buyer. Together, the brands help homeowners move away from difficult properties while providing investment opportunities for local real estate investors. Real estate investors can use New Western’s exclusive inventory of available properties that are ideal for repair and return or repair and rent.

“We use all the tools at our disposal to find opportunities for our investors. We don’t discriminate where a deal comes from, ”Gourgy said in an emailed statement. “We are also a resource for real estate agents in the community, helping them get tough listings in the hands of our investor group. “

New Western is also using proprietary technology to analyze data on more than 110 million single-family homes across the country and identify potential opportunities. Through HomeGo, the company contacts homeowners directly to offer off-market homes to the network of buyers.

“I am very pleased to introduce New Western to this market and bring our years of experience as licensed agents and brokers to the local real estate investment community,” said Gourgy. “New Western comes at a critical time, as our market’s need for a sophisticated one-stop-shop is paramount. “

The Columbus office officially opened on July 1.

For more business news, visit ColumbusBusinessFirst.com.

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Why this first gen Z investor pays for financial advice https://katmasters.com/why-this-first-gen-z-investor-pays-for-financial-advice/ https://katmasters.com/why-this-first-gen-z-investor-pays-for-financial-advice/#respond Thu, 08 Jul 2021 04:00:00 +0000 https://katmasters.com/why-this-first-gen-z-investor-pays-for-financial-advice/ “My grandfather gave me a good benchmark with his portfolio because I got to see how his investments have progressed over a longer period of time,” she told Wealth Generation. “He taught me the fundamentals of investing and its benefits. Shenuka says she’s still figuring out the reality that she bought at an opportune time […]]]>

“My grandfather gave me a good benchmark with his portfolio because I got to see how his investments have progressed over a longer period of time,” she told Wealth Generation.

“He taught me the fundamentals of investing and its benefits.

Shenuka says she’s still figuring out the reality that she bought at an opportune time and that the markets will inevitably go down over the years.

But she takes comfort in having a professional on call when they do.

Join the wealth generation

The Shenuka Investment Journey is the latest of our Trader’s Tales, which appear exclusively in The Australian Financial ReviewThe new weekly Wealth Generation newsletter. Wealth Generation provides you with essential and understandable information whether you are hoping to become the next Warren Buffett, retire early on a tropical island, or simply live without financial stress.

Delivered to your inbox every Wednesday, the Wealth Generation newsletter gives you the tools you need to take charge of your financial future. Register now here.

Here’s what else in our latest edition:

Join me, fortune editor Aleks Vickovich, and our team of expert financial journalists as we pull back the curtain on the murky world of investing and show you how to generate wealth and well-being.

Join Wealth Generation Now here. And if you would like to share your personal story of investment success (or mistakes) with other Wealth Generation readers, or provide feedback, please contact aleks.vickovich@afr.com.

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Boston investor buys Pearl East Business Park for $ 190 million https://katmasters.com/boston-investor-buys-pearl-east-business-park-for-190-million/ https://katmasters.com/boston-investor-buys-pearl-east-business-park-for-190-million/#respond Tue, 06 Jul 2021 23:29:09 +0000 https://katmasters.com/boston-investor-buys-pearl-east-business-park-for-190-million/ Just over two years after the takeover of Pearl East Business Park by an investment group affiliated with Goldman Sachs, the portfolio of 11 buildings has been sold again, this time to Boston-based investment firm Beacon Capital Partners. . Beacon Capital Partners, using holding company BCSP Pearl East Property LLC, paid $ 190 million for […]]]>

Just over two years after the takeover of Pearl East Business Park by an investment group affiliated with Goldman Sachs, the portfolio of 11 buildings has been sold again, this time to Boston-based investment firm Beacon Capital Partners. .

Beacon Capital Partners, using holding company BCSP Pearl East Property LLC, paid $ 190 million for the 485,000 square foot campus that was previously owned by Western Office Portfolio Property Owner LLC, an entity run by Broad Street Principal Investments LLC.

That’s a $ 40 million return on the Broad Street investment in 2019.

The owner before Broad Street, Unico Investment Group LLC, also maintained a stake in the portfolio.

Unico bought Pearl East for $ 85 million in January 2015 from WW Reynolds Cos. – as part of a larger deal in which Unico purchased 1.5 million square feet of WW Reynolds office space in Boulder and Fort Collins.

Likewise, Broad Street Principal Investments took over the office park as part of a larger portfolio deal involving 27 properties and $ 710 million.

Beacon has recently seen a shopping spree in the area. The investor bought the Circa office building at 1615 Platte St. in Denver late last month for $ 60 million, according to a BusinessDen report.

The Circa was one of the buildings taken over by Broad Street under its $ 710 million Unico contract.

© 2021 BizWest Media LLC

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Most institutional investors oppose extension of Balkrishna CMD’s tenure https://katmasters.com/most-institutional-investors-oppose-extension-of-balkrishna-cmds-tenure/ https://katmasters.com/most-institutional-investors-oppose-extension-of-balkrishna-cmds-tenure/#respond Sat, 03 Jul 2021 04:11:00 +0000 https://katmasters.com/most-institutional-investors-oppose-extension-of-balkrishna-cmds-tenure/ MUMBAI: The tire manufacturer’s proposal to extend the term of its chairman and CEO Arvind Poddar has met with opposition from several institutional shareholders. The resolution was opposed by 63% of the company’s institutional investors, according to data from NSE, but it was still passed thanks to votes from the group of promoters and part […]]]>
MUMBAI: The tire manufacturer’s proposal to extend the term of its chairman and CEO Arvind Poddar has met with opposition from several institutional shareholders. The resolution was opposed by 63% of the company’s institutional investors, according to data from NSE, but it was still passed thanks to votes from the group of promoters and part of the institutions. The proxy consulting firms had recommended that institutions vote against the proposal citing “excessive” compensation paid to the Poddar family – the promoters of the company.

Institutions with 3.43 crore votes were against the proposal to extend Poddar’s term. Institutional votes representing two crores of shares backed him up.

The promoter group owns 58% of the company’s capital, while foreign portfolio investors (REITs) and mutual funds, which make up the category of institutional investors, each hold 14%. The company also has around 90,000 individual investors who together hold 6.2%

Shares of Balkrishna Industries closed at Rs 2,294 each, up 0.9% on Friday.

The June 30 resolution, however, was passed after the group of promoters cast 11.2 crore votes in favor of the resolution. Ultimately, the resolution passed with 80% approval, or 13 crore of votes, in favor while 20%, or 3.43 crore of votes, was cast against, NSE data showed. It was not possible to determine which institutions voted against the proposal to renew Poddar.

HDFC Mutual Fund is the company’s largest institutional investor. Its hybrid retirement savings fund held 4.18% of the capital as of March 31, 2021, according to the shareholding model. Kotak ESG Opportunities Fund and DSP Quant Fund respectively held 2.36% and 1.94% of the capital of the company.

An email sent to Balkrishna Industries went unanswered.

In a report dated June 14, proxy advisory firm Stakeholders Empowerment Services (SES) advised institutional investors to vote against the resolution citing an “asymmetric compensation” structure.

“Out of the total board compensation of 75.72 crore, Arvind Poddar, chairman of the promoter and managing director of the company, received 37.42 crore and his son (Rajiv Poddar) makes another 37.32 crore. . This represents 99.6% of the total remuneration of the board of directors for fiscal year 21, ”the report states. “This clearly indicates that the compensation is biased in favor of promoters.”

SES also said that the salaries received by the Poddar were significantly higher than those of other full-time directors of the company, who do not belong to the group of promoters.

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Robinhood says he can’t assure investors the meme mania won’t hit him again https://katmasters.com/robinhood-says-he-cant-assure-investors-the-meme-mania-wont-hit-him-again/ https://katmasters.com/robinhood-says-he-cant-assure-investors-the-meme-mania-wont-hit-him-again/#respond Thu, 01 Jul 2021 19:27:41 +0000 https://katmasters.com/robinhood-says-he-cant-assure-investors-the-meme-mania-wont-hit-him-again/ Trading information for GameStop is displayed on the Robinhood app while another screen displays the Robinhood logo in this photo illustration on January 29, 2021. Brendan McDermid | Reuters Robinhood said Thursday that the first time Robinhood restricted trading on its app – at the GameStop event earlier this year – might not be the […]]]>

Trading information for GameStop is displayed on the Robinhood app while another screen displays the Robinhood logo in this photo illustration on January 29, 2021.

Brendan McDermid | Reuters

Robinhood said Thursday that the first time Robinhood restricted trading on its app – at the GameStop event earlier this year – might not be the last.

In January, when an epic short squeeze erupted in GameStop stocks in part due to retail traders, Robinhood shut down some stock trading even due to increased capital requirements from its clearinghouses. Despite raising $ 3.4 billion in a few days to consolidate its balance sheet, the brokerage has limited trading from GameStop, AMC Entertainment and other Reddit darlings.

“We cannot guarantee that similar events will not occur in the future,” Robinhood said in its S1 filing with the Securities and Exchange Commission.

As a brokerage firm, Robinhood has financial requirements on the clearing houses that execute its clients’ trades, and some of these requirements fluctuate with market volatility. January’s volatility forced an increase in requirements and sparked a wave of outraged customers, many of whom threatened to quit the app.

“This has resulted in negative media attention, customer dissatisfaction, litigation, and regulatory and US congressional inquiries and inquiries, raising capital on our part to lift trade restrictions while remaining compliant with our requirements. of net and deposit capital and our reputation, ”Robinhood said in the deposit.

Robinhood CEO Vlad Tenev blamed the two-day trade settlement, known as T + 2, for some of the clearinghouse deposit issues during the GameStop mania and requested real-time settlement.

“The current two-day period for settling transactions exposes investors and the industry to unnecessary risk and is ripe for change,” Tenev said in testimony to the House Financial Services Committee in the wake of the GameStop drama.

“The clearinghouse filing requirements are designed to mitigate risk, but the wild market activity over the past week has shown that these requirements, coupled with an unnecessarily long settlement cycle, can have unintended consequences that introduce new risks, ”he said.

The commercial mania picked up again last month as Reddit marketers continued to pile up on their favorite memes stocks, including GameStop, AMC Entertainment, and others. AMC is up 2,400% this year.

Robinhood is expected to be made public on the Nasdaq under the headline “HOOD” this year. The free trade pioneer has experienced record growth in the past year, with 18 million accounts and $ 80 billion in client assets.

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