Investments
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Wiser Wealth: Cryptocurrency Explained in 466 Words (And a Link)
You have no doubt heard of Bitcoin and cryptocurrency, but may have heard wildly conflicting information about it. There are stories about people who have made fortunes off it, and there are also plenty of experts who say it’s just a fad with no long-term investment viability. So what’s the truth and how does cryptocurrency…
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Here’s How Much Vanguard Funds Stand to Gain if Elon Musk’s Bid to Buy Twitter Is Accepted
If Elon Musk’s unsolicited offer of $43 billion to buy Twitter is accepted, funds controlled by Malvern-based Vanguard could gain more than $770 million in value, write Ryan Sharrow and Holden Wilen for the Philadelphia Business Journal. The Tesla and SpaceX CEO and world’s richest person offered to buy the social media platform on Thursday…
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Wiser Wealth: How Much Can Your Children Save if You Teach Them to Start Now?
You are never too young to learn how to start managing your money. In fact, according to some research, you might even want your kids to start as early as five years old. Stacker looked at the research for how much of a difference saving early could make, and even just putting away a dollar…
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Montco Home to Two of the World’s Richest People
Two Montgomery County businessmen have amassed enough wealth to lock in their place on this year’s Forbes World’s Billionaires List. Bala Cynwyd’s Jeff Yass, cofounder of Susquehanna International Group, one of the largest and most successful trading firms on Wall Street, ranked at No. 156 with a net worth of $12 billion. Last year, he…
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Oaks-Based SEI Investments Finds New Leader to Succeed the Only CEO the Company Has Ever Had
Oaks-based SEI Investments has found its next chief executive officer in Ryan Hicke, Executive Vice President and Chief Information Officer, according to a staff report from the Street Insider. Hicke will become CEO and a member of the company’s board of directors on June 1, 2022. He is succeeding Founder Alfred P. West, Jr., who…
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Wiser Wealth: Opportunity Zones Tax Benefits—Reaping the Rewards of Land Investments
If you have heard of qualified opportunity zones you have likely heard a bit of talk about the tax benefits of investing in them. Sensiba San Filippo had a post on the topic, giving a thorough explanation of what opportunity zones are and their different uses of them. But here is the interesting part for…
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Wiser Wealth: How to Become an Angel Investor
Last year saw a record number of people become what is known as angel investors, which is where you back a startup business to help fund their venture. It is risky due to most startups failing, but if things go well, it can come with a big payoff. That might intrigue you enough to want…
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Wiser Wealth: Become an Active or Passive Real Estate Investor in Montgomery County
Most people realize that there is significant money to be made in real estate. However, the high cost of getting in is also daunting to those without experience who are fearful of wasting money. Debt.com had an article on the subject, and here are the highlights of what they recommend for those looking at some…
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Willow Grove and Plymouth Meeting Malls’ PREIT Releases KPMG as Auditor After 2 Decades
PREIT has dismissed their auditor KPMG, and has brought on a new accounting firm, says the Securities and Exchange Commission. Natalie Kostelni reports the latest PREIT news for the Philadelphia Business Journal. The new PREIT auditor is BDO USA LLP a part of BDO International, a global accounting network headquartered in Chicago. PREIT terminated its…
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Wiser Wealth: The American Dream of Home Ownership Needs an Update
Fifty years ago it was legitimately possible for a single-income family to become homeowners as young adults. Here in 2022, even with two partners both bringing in a salary and no kids, owning a house is beyond the reach of many young adults. Inflation has been significant across the board, especially on real estate. But…
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Everyone Scrambles to Find Out What’s In Their Portfolio, From War to Fossil Fuels, Says Main Line’s Lovell Minnick Partners
STP Investment Services, a company in West Chester that tracks clients’ asset values, including those in held in Russia, has received backing from Radnor investment firm Lovell Minnick Partners for its expansion, writes Joseph N. DiStefano for The Philadelphia Inquirer. Lovell Minnick Partners focuses primarily on fast-growing financial service technologies. “For the last two weeks,…
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Wiser Wealth: How to Invest Without Panicking Over World Events
World events always have had the possibility to impact stocks and investments, but that has been magnified given the incredibly tumultuous last two years. From the pandemic, to a heated presidential election, and now the attacks on Ukraine, it all has had severe ramifications for businesses, industries, and investments. It has left people wondering, how…
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Willow Grove & Plymouth Meeting Malls’ PREIT Struggles with Share Price, Faces Investor Challenge
Pennsylvania Real Estate Investment Trust (PREIT), the owner of Plymouth Meeting Mall and Willow Grove Mall, faces another challenge as it continues to struggle to get its share price above $1, writes Natalie Kostelni for the Philadelphia Business Journal. Cygnus Capital, an Atlanta-based owner of PREIT’s outstanding preferred shares, put the Philadelphia-based owner of the…
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Montgomery County Among Places in Pennsylvania with the Most Incoming Investments
Montgomery County is among the places in Pennsylvania with the most incoming investments, according to a recently released report by SmartAsset. To determine the counties where residents are experiencing the most investment in their local economy, SmartAsset considered three main factors in Pennsylvania: business establishment growth, Gross Domestic Product growth, and new building permits. Montgomery…
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Wiser Wealth: How to Use Investing to Protect Against Inflation
Inflation is a constant of the economy, however certain conditions can cause the inflation rate to spike higher than normal. Such a sudden change can throw off your plans for the future if all of your earnings are coming from your career salary alone. People best prepared to weather the changes of inflation know that…
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Wiser Wealth: How To Stop A Family Fight Over Your Inheritance
Nobody likes thinking about losing a family member, but unfortunately it is necessary when it comes to money. A lack of a plan will inevitably lead to fighting with the other family members over who gets what. Whether you are concerned about your own legacy, or want to encourage an older relative to start considering…
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As Its Shares Remain under $1, Plymouth Meeting Mall and Willow Grove Mall’s PREIT Face Delisting From NYSE
As its shares continue to linger under $1, Pennsylvania Real Estate Investment Trust, the owner of the Plymouth Meeting Mall and the Willow Grove Mall, is facing possible delisting from the New York Stock Exchange, writes Natalie Kostelni for the Philadelphia Business Journal. A company needs to maintain a minimum closing price of one dollar…
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Wiser Wealth: With Bitcoin’s Value Dropping, Investors Wonder if Now is the Time to Buy-In
When Bitcoin first appeared, most people underestimated the heights that its value would reach. Some early investors saw their assets skyrocket. But now the cryptocurrency is starting to dip, and investors are wondering if this is another ripe moment to get in. However, that is of course only a wise idea if Bitcoin is expected…
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