Many readers ask, “Where should I invest a lump sum before deploying it into equity MFs?”. They research the best product for holding this lump sum, how long they should wait to start investing in equity MFs, and how long they should do the transfer.This is a waste of time, effort and money. You invest in equity only for the long term. Over the long term, details such as when you started investing the lump sum, what instalments you invested in, and for how long will get washed away in the volatility of the markets. Always keep in mind the…
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Shawn Till, 53, a senior executive at a global testing, inspection, and certification company, and his wife, Leanne, also 53, an event director for the running advocacy group Girls On the Run, split their time between Texas and Maryland. Here, they share the story of their 1931 Alfa Romeo 6C 1750 Gran Sport Spider Zagato, as told to A.J. Baime. Shawn: My parents had a passion for classic cars. They didn’t have a lot of money, but they always drove interesting vehicles. That love of cars passed down to me, and I’ve always been impressed by everything about them: the…
Key ports on Canada’s West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday.The International Longshore and Warehouse Union Ship & Dock Foreman Local 514 began striking on Monday morning, stopping containers and cargo immediately. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day.Approximately 20% of U.S. trade arrives in the Canadian ports of Vancouver and Prince Rupert, where strikes broke out after union leadership and industry representatives failed to reach a deal before a cooling-off period…
Image source: Getty Images The dividend forecast for Phoenix Group (LSE: PHNX) shares is unbelievably high at the moment. Currently, analysts expect a payout of 53.9p per share this year and 55.5p next year. So, at today’s share price of 505p, we’re looking at yields of a whopping 10.7% and 11%. Can these forecasts be trusted? Are shares in the UK insurance and savings company risky? Here are a few things investors need to know about Phoenix Group and its enormous dividend. Low dividend coverage There are certainly some red flags in relation to Phoenix’s dividend payout. Currently, dividend coverage…
On Monday, Piper Sandler confirmed its positive stance on Veritex Holdings (NASDAQ:), maintaining an Overweight rating with a price target of $30.00. The affirmation follows recent investor meetings with Veritex’s CEO Malcolm Holland, CFO Terry Earley, and Director of Strategic Development Will Holford, which took place in Boston, Baltimore, and Washington, D.C. last week. The meetings left Piper Sandler with a strong conviction in the potential for Veritex shares to rise, as the bank’s performance continues to exceed expectations. Analysts were particularly impressed by the bank’s direction, noting significant strides in improving credit trends, reducing commercial real estate concentrations, enhancing…
October 31, 2024October 31, 2024 0 By Stella Odueme As the Federal Government moves to attain a vibrant steel and metals sector, the Minister for Steel Development, Prince Shuaibu Abubakar Audu, has called on global players in the sector to choose Nigeria as a prime investment destination in Africa. Prince Audu made the call while speaking at the ongoing International Mining and Resources Conference (IMARC) holding in Sydney, Australia, from October 29 to October 31, 2024, highlighting the huge benefits of investing in Nigeria under the Renewed Hope Agenda of President Bola Ahmed Tinubu. A statement…
If the 1968 C1-series 100 established Audi as a serious competitor to brands like Rover and Mercedes-Benz, the 1976-82 C2 series solidified the German automaker’s foothold in the market. Today, Sharon Hall’s 100L Avant is thought to be the only roadworthy example remaining in the UK. Audi began developing the second-generation 100 in 1972, with the saloon model debuting in August 1976. Engine options ranged from a 1.6-liter and a 2.0-liter four-cylinder to a 2.1-liter five-cylinder—the latter marking Audi’s first use of this configuration, which the company claimed was “better than a good four, better than a poor six.” Audi…
On Monday, Citi reiterated a Neutral rating on Constellation Energy (NASDAQ:CEG) with a steady price target of $284. The commentary from the firm pointed to recent developments indicating challenges for the company’s nuclear fleet in executing future co-located deals with datacenters. This observation comes in the wake of a workshop by the Federal Energy Regulatory Commission (FERC) and the rejection of the Talen deal, which the analyst believes complicates Constellation’s strategy. The stock experienced a selloff that the analyst suggests reflects a market adjustment in expectations, from approximately 7.7 gigawatts (GW) to about 4.7 GW in co-location deals with datacenters.…
(Bloomberg) — Shares of nursing home operator PACS Group Inc. tumbled as much as 48% on Monday after Hindenburg Research released a short report alleging that the company has been — among other things — “systematically scamming taxpayers.” Most Read from Bloomberg The drop triggered volatility halts in the shares of the health-care firm, which made its debut as a publicly traded stock in April. PACS pared its decline, but is still on track for its worst day since its initial public offering. The stock closed at a record high of $42.94 on Friday, more than double the IPO price…
This seemingly immaculate Lamborghini Huracan Sterrato harbors a hidden flaw: it was once submerged in water. The type of water, whether saltwater or freshwater, significantly influences the severity of damage and the subsequent restoration process. Unfortunately, this particular Sterrato’s primary damage is listed as “water/flood,” a major red flag for potential buyers. While a pristine Sterrato typically commands a retail value of around $200,000, these rare supercars often sell for double that price on the market. However, investing in a flood-damaged vehicle, even at a seemingly discounted price, can quickly become a costly endeavor. Lamborghini Huracan Sterrato Flooded Model Up…