[ad_1] Some time ago, I wrote about grit as a vital characteristic for investors. That triggered some email exchanges with younger readers who are at earlier career stages than financial analysts and money managers. In general, the discussions revolved around the skills a successful analyst and investor should have. And while a passion for markets and grit are key traits, I believe others are more fundamental. First, there are cognitive skills, that is, the ability to think analytically and logically. Investing is a numbers game that requires analysts to make sense of mountains of data at every level, whether about…
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[ad_1] Consumer confidence declined sharply in February as more Americans felt uneasy about the future state of the US economy, according to new data released Tuesday morning. The Conference Board’s Consumer Confidence Index for February came in at a reading of 98.3, a significant drop from January’s revised 105 reading and short of the 102.5 reading expected by economists. “In February, consumer confidence registered the largest monthly decline since August 2021,” said Stephanie Guichard, senior economist of global indicators at The Conference Board. “This is the third consecutive month-on-month decline, bringing the Index to the bottom of the range that…
[ad_1] European Central Bank board member Isabel Schnabel argued on Tuesday that the fact that growth remains subdued cannot and should not be taken as evidence that policy is restrictive, as reported by Reuters. Key takeaways “We are transitioning from a global savings glut towards a global bond glut.” “There is still ample excess liquidity.” “The natural rate of interest in the Euro area has increased appreciably over the past two years.” “The nature of the inflation process is likely to have changed lastingly.” “If QT leads to a scarcity of reserves, it may cause the overall convenience yield to rise and hence equilibrium…
[ad_1] Image source: Getty Images Albert Einstein is claimed to have called compound interest the eighth wonder of the world. In my world, a tax-free Stocks and Shares ISA might be number nine. Combine them, and I reckon we have a great route for private investors to build up a passive income for when we retire. More than 12 million UK adults subscribed to an ISA in 2022-23. That’s great. But almost eight million of those were Cash ISAs. And I think that could mean a lot of wasted opportunities. Please note that tax treatment depends on the individual circumstances…
[ad_1] Image source: Getty Images Rolls-Royce shares have done really well in my portfolio since I bought them two years ago. Yet while I think the FTSE 100 engine maker is set up for further future gains, especially as defence budgets rise, I envisage a handful of stocks doing even better. One of them is a newcomer to the UK’s blue-chip index: Polar Capital Technology Trust (LSE: PCT). Shares of this investment trust have surged 132% over the past five years. However, the stock might just be getting started, making it one for growth investors to consider, in my opinion.…
[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK foreign secretary David Lammy has met top British and Japanese executives in London, ahead of travelling with UK trade secretary Jonathan Reynolds to Tokyo next week to deepen bilateral economic links. Senior business figures from BP, Toyota, Hitachi Rail, Mitsubishi Estate and Mitsui Sumitomo Insurance were among attendees at a breakfast roundtable on Tuesday at 1 Carlton Gardens, the Georgian mansion that is Lammy’s official residence in Westminster.Bilateral trade between the two nations is worth £27bn, with more than 1,000…
[ad_1] Duke will extend its carbon-neutral status for at least another year, according to exclusive Chronicle interviews with Climate Commitment leadership. Toddi Steelman, vice president and vice provost for climate and sustainability, wrote in a Sunday email to The Chronicle that the University decided to purchase carbon offsets to account for campus emissions in 2025 as community members continue to reshape the institution’s long-term climate strategy and develop new 2050 targets. Past that, however, staff in the Office of Climate and Sustainability have suggested that carbon neutrality may not be the most effective strategy. Duke first achieved carbon neutrality in…
[ad_1] Image source: Getty Images Investors seeking cheap shares to buy in March will find plenty of choice on today’s FTSE 100. They don’t need to be super wealthy either. It’s possible to start with £2,000, £1,000 or less. So which stocks might investors consider? The UK’s blue-chip index has retreated in recent days, although it’s still up more than 5% this year, and around 13% over 12 months. Plus dividends on top. The recent dip excites rather than alarms me. It means many top FTSE shares are cheaper than just a few days ago. So what’s out there? Some…
[ad_1] Bank of America said BGC Group is in a good position, due in part to the return of President Donald Trump to the White House. Analyst Eli Abboud initiated coverage of the financial stock at a buy rating. Abboud’s $16 price target suggests shares can surge 79.8% from Monday’s close. One core component of Abboud’s call is that he sees BGC as the “most overlooked Trump trade in diversified financials.” Notably, he said the trading offerings from BGC, including the new FMX Futures Exchange, should benefit under the Trump administration’s preference for deregulation. “Despite BGC trading down post-election, we…
[ad_1] Image source: Getty Images The Ocado (LSE: OCDO) share price has jumped 4.1% today and as an investor I should be pleased. It’s nibbled away at a small proportion of my losses. Now I’m just down just 22%, but I shouldn’t grumble. Investors who bought the FTSE 250 group at its peak in February 2021, when the shares hit 2,808p, will be down a thumping 88% at today’s 323p. Ocado was once hailed as the UK’s big tech hope, selling its cutting-edge grocery warehouse technology to the world. It hasn’t happened yet. Could this be a FTSE 250 winner…