Sometimes the most mundane of corporate events can result in the biggest of catalysts for their stocks.
On April 18, Blackstone Group LP (NYSE: BX), a leading manager of alternative assets, announced it was changing its structure from a partnership to a corporation.
That's all it took to send the stock soaring, and there'll be an even bigger pop on July 1…
Millennials want more affordable housing while still enjoying the amenities of a big city.
They are finding it, and it's creating a huge profit opportunity.
Here is everything you need to know...
by Tim Melvin
Last week, we looked at how financial companies are feeling the pain of lower fees.
But I hinted at one group of financial companies that is not feeling the pain.
It's one of my favorite groups to own. So when the market sold off last month and these stocks began falling towards a Cost of WAR of less than 1, I was pretty excited and ready to break open some bubbly.
Unfortunately, the decline halted and stocks have rallied back, so I did not get a new opportunity to buy them. The numbers are getting there, and I hope that before too much longer I can send Heatseekers members the call to arms with buy recommendations of these powerhouse firms.
These financial companies are private equity firms.
It's hard for most of us to invest directly in a private equity fund, since most require you to be an accredited investor and have minimum investment levels of millions of dollars. However, we can buy shares of private equity firms and reap the benefits of the high returns they earn.
Let's take a look at exactly how to do so...
What are the top millennial stocks to buy in 2019?
That's a great question.
We reached out to an expert, and he gave us five that need to be in every portfolio...
The Dow Jones Industrial Average fell over 100 points as markets digested Canada's sweeping legalization of recreation marijuana use on Wednesday (October 17th).
The Dow Jones Industrial Average dropped sharply Monday after the People's Bank of China (PBOC) took drastic action to reduce the amount of cash its financial institutions need to hold as reserves.
Such action is designed to spur lending as the country continues to battle the United States over trade.
This is the fourth time that China has slashed what is known as the reserve requirement ratio (RRR) in 2018.
China's Shanghai Composite was off 3.7%.
We just uncovered the top gambling stock to own in 2018.
You see, we are looking at the long-term profit potential.
Quite frankly, this is the "buy and hold" stock of the decade...
The Dow Jones today jumped over 50 points in premarket trading after the White House announced it had developed a tentative trade deal with the European Union.
by Tim Melvin
Howard Marks, one of the wealthiest investors in the United States, just released his newest investor letter, and in it, I find a few ideas that are eerily similar to what you and I have been talking about for months: Index investing is a dangerous, expensive Wall Street con.
If you're not familiar with this battle-scarred (and unreasonably wealthy) veteran of the markets, Marks fought his way through both the equity and bond markets for over 40 years.
He also happens to be an extremely incisive writer, with his book, "The Most Important Thing," considered a must-read for anyone looking to achieve success as an independent investor.
In his latest letter, he takes on index investing, an approach that I frequently call a silly waste of time if you're beyond middle age and don't have four or five decades to build your wealth.
Ironically, it was Marks' University of Chicago professors who birthed the idea of index investing in the late 1960s. They saw it as a way to ensure you never underperform the Dow Jones Industrials or S&P 500, as well as never pay ridiculous management fees. (So much for that idea…)
But what most investors don't understand about indexes – and what I want to show you today – is that indexes didn't become popular because the returns are phenomenally good…
… rather, it's because the active managers have phenomenally good salesmen working for them night and day to sell the pipe dream of low-risk, high-return indexing to regular, unsuspecting investors…
In other words, the active managers are phenomenally bad...
by Tim Melvin
When it comes to our investing toolkit, all we really need at our disposal are the hammer and the nail.
In other words, you don't need fancy bells and whistles to find undervalued companies ripe for market-crushing profits.
You don't need a broker who's probably ripping you off, and you especially don't need a Bloomberg terminal that costs $24,000 a year and takes up half your office.
All you need are the basics, most of which are free, publicly available, and right at your fingertips.
That's right: Independent research does it every time.
I've mentioned here before that publicly available 13F filings are one of the best tools retail investors can use to find unreasonably lucrative investment opportunities and gain and hold a profitable, sustainable edge.
I like to dig through these documents filed by money management firms every quarter to see exactly what the Wall Street bigwigs are buying and selling, as well as measure how well they're performing compared to the previous quarter.
By doing that, you get an exact picture of what the best and, let's be honest, worst investors are doing with their clients' funds.
