Investments
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‘A Major Narrative Change’: Exxon’s Surge Points to Market Shift Not to Be Ignored by Investors
Exxon Mobil’s surge throughout the year put the oil company on par with the leading tech stocks, pointing to an important shift in the market that should not be ignored by investors, in case the narrative changes again, writes James Mackintosh for The Wall Street Journal. When compared to the four top tech stocks, Exxon…
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Your Second Home Can Turn into a Tax Trap; Here’s How to Avoid It
While owning homes in several states is becoming more common, especially since the pandemic, it is important to be careful not to break state tax laws, writes Cheryl Winokur Munk for The Wall Street Journal. People often buy their second home in a lower-tax state with the intent of living there and saving on taxes.…
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Du Pont Family Member and Venture Capital Entrepreneur Hints Future Innovation at Longwood Gardens
A du Pont family entrepreneur is telling The Philadelphia Inquirer that people can expect to hear more about products and investments coming from Kennett Square’s esteemed Longwood Gardens, writes Joseph DiStefano for The Philadelphia Inquirer. Ben du Pont, the most prominent living family member, is using his venture capital fund Chartline Capital Partners to invest…
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Invest in Real Estate Without the Heavy Lifting Associated with Property Development, Renovation
There are plenty of ways to invest in real estate without having to deal with the complexities and heavy lifting that come with property development and renovation, according to MoneyWise. Fully managed residential real estate Do you trust the markets to take care of your future? In today’s economic environment, having options besides public stock,…
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Research Suggests Fees and Intermediaries Eat Up as Much as Half the Returns on Investments
The investing business is fueled by fees and intermediaries — mutual funds and stockbrokers — that can eat up as much as half of the wealth that could be achieved in a certain period, writes Jason Zweig for The Wall Street Journal. When you invest, there are always associated costs that can kill the returns.…
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‘Holding a Dollar in a Token Is Amazing’: Financial Firms Start Betting on Crypto
After years of hovering around the border of the world of cryptocurrencies, major financial firms now seem ready to fully embrace the crypto subculture, writes Alexander Osipovich for The Wall Street Journal. Last month, Larry Fink, chief executive of BlackRock, the largest asset manager in the world, said that he was a big believer in…
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How One School Traded Its Way to the Top of the University Endowment Performance Rankings
Led by a former trader, Baylor University managed to outperform the Ivy League and climb to the top of the university endowment performance rankings, writes Juliet Chung for The Wall Street Journal. Many universities distribute their funds across various assets and make periodic adjustments. Baylor, however, takes advantage of market moves frequently to either boost…
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2024 Outlook for Alternative Investments Foresees Challenges That Will Create Opportunities
Many of the issues that impact traditional investments also affect alternative investments, but among some of the challenges lie opportunities, write Stephen Dover and Tony Davidow for Franklin Templeton. Private Credit Last year provided both economic headwinds and private-credit tailwinds. Headwinds included rising rates, high inflation, a slowing economy, and tighter lending conditions. The tailwinds…
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Bryn Mawr Trust’s Andrew Davis Connects the Macroeconomic Dots to Provide His Outlook for 2024
As the Head of Macroeconomic Research at Bryn Mawr Trust, Andrew Davis takes pride in being responsible for the company’s macroeconomic views. His wisdom in portfolio analysis, economic indicators, and options strategies — gained from a career that includes work at SEI Investments, Moody’s Analytics, and the U.S. Bureau of Labor Statistics — enables him…
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Luxury Homes Now Getting Bigger, More Expensive Closets. Here’s What They’re Costing
Luxury homes are now getting bigger and more expensive closets as homeowners look to display their extensive fashion collections in more personalized and opulent spaces, writes Sarah Paynter for The Wall Street Journal. Closets are also serving as entertainment spaces with newly added seating areas and champagne bars. Many are holding closet-reveal parties once the…
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Wilmington University Receives $1 Million Grant from the Longwood Foundation
Wilmington University has been awarded a $1 million grant by the Longwood Foundation to support the expansion of its Brandywine location, including a law school building and a Convocation Center. The context of this grant cited by Longwood links the limited diversity within Delaware’s legal profession and Wilmington University’s long tradition as an open-access, accredited, and inclusive…
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Bucks County Townships to Receive $3.9 Million Boost from Parx Casino Revenues
Several Bucks County townships are getting $3.9 million in funds generated by Parx Casino in Bensalem, and awarded by the county’s redevelopment authority, writes Corey Sharp for Play Pennsylvania. The funds will go towards dozens of community improvement projects. The nearly $4 million in awards will be distributed among forty grants that will benefit…
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Navigating Wealth with Purpose: Invest in Communities, Reap Tax Benefits Through Qualified Opportunity Zones
The Qualified Opportunity Zone (QOZ) program, a gem nestled within the Tax Cuts and Jobs Act of 2017, is a testament to the power of innovative investment strategies that serve a dual purpose: fostering substantial economic growth and nurturing the seeds of social responsibility. As an affluent individual, your journey in wealth management is not…
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Citadel Credit Union to Host Webinar on Paying for College on Jan. 16
Citadel Credit Union will host a webinar, entitled “Paying for College: New FAFSA Rules and Enhanced Strategies,” on Tuesday, Jan. 16 from 1-2 PM. Clint Smedley, a Citadel Wealth Advisor, will discuss: A Certified Financial Planner with more than 16 years in the industry, Smedley assists Citadel members with a variety of insurance and investment…
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Startup Investing: How the Affluent Can Capitalize on High-Potential Opportunities
Welcome to the vibrant and promising world of startup investing, a realm where foresight meets opportunity. As an affluent investor, you’re not just participating in the financial markets; you’re at the forefront of pioneering change. This guide is crafted to illuminate your path, offering insights and strategies to adeptly navigate the startup ecosystem. Here, you’ll…
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Navigating the Path to Legacy: Establishing a Dynasty Trust in Pennsylvania
For affluent families in Pennsylvania, the concept of legacy goes beyond mere wealth accumulation; it’s about ensuring that their hard-earned assets benefit generations to come. A dynasty trust is a sophisticated tool in estate planning that serves this very purpose. Let’s walk through the process of establishing a dynasty trust in Pennsylvania, helping you to…
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Are Alternative Investments Part of Your Economic Outlook?
Most of us are hearing some version of a recession coming in 2024. Investors are becoming worried with geopolitical issues in the East and interest rate hikes helping slow the economy. A portion of those investors are large institutions. Let’s uncover what they are doing about the risk of an economic slowdown. Institutional investors have around twenty…
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Navigating the Future: Economic Forecasts for 2024 with Expert Insights
As we embark on 2024, the U.S. economy is at a pivotal juncture, influenced by a dynamic mix of global and domestic factors. Let’s delve deeper into the economic forecasts for the year — drawing on insights from leading economists and financial experts — and explore what they mean for businesses, investors, and consumers. Economic…
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