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[ad_1] U.S. Senate confirms banker Thomas Nides as ambassador to Israel [ad_2] Source link

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[ad_1] Zillow CEO Rich Barton. “Look, similar to other technology companies that have gone before us, we strongly believe in taking big swings and failing fast. We have learned from our experience in Zillow Offers in Q3 and are applying those learnings as we look ahead.” Those were Zillow CEO Rich Barton’s closing remarks on Tuesday’s earnings call, after the CEO shockingly announced the wind down of the Zillow Offers iBuying program, plus a pending lay off of 2,000 employees. Is Zillow a technology company that may yet dominate U.S. real estate? Or is it a 16-year-old business good at aggregating home listings, but bad at developing beyond that? Here are five takeaways from yesterday’s news. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post 5 takeaways from Zillow’s nightmare appeared first on HousingWire. [ad_2] Source link

[ad_1] The post 1.4 Billion Reasons to Buy These 3 Tech Growth Stocks appeared first on Millennial Money. In a twist of irony, the biggest economic success story in the last 50 years did not occur in a capitalist country, but rather in China.  From 2010 to 2020, China has seen its GDP grow 141% versus the United States’ growth of 17% during the same period.  It is expected that China (and its massive population of 1.4 billion people) will eventually overtake the United States as the world’s largest economy, with the UK-based Centre for Economics and Business Research predicting this will occur by as soon as 2028.  Against this economic backdrop, you’d naturally expect Chinese stocks to have been a bonanza and, at minimum, beaten the pants off their American counterparts… and you’d be mostly wrong.  In fact, a $10,000 investment in the Shanghai Composite would be worth $15,400 today, good for an annual return of 4.4%. The same investment in the S&P 500 is now worth $37,300, or returns of 14.1% per annum.  Here are 1.4 billion reasons to buy these three tech growth stocks out of China. Alibaba is too cheap to ignore Alibaba Group Holding Ltd. (NYSE:BABA) Price: $162.9 (as of close Nov 2, 2021) Market Cap: $441.608B document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-152ceafdab6b41d30d2bfb19f3eec0ad”,{rangeSelector:{selected:1},title:{text:”Alibaba Group Holding Ltd. 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“%A, %B %e, %Y”}}]}); }); The “Amazon of China” has recently seen its fortunes diverge from its American counterpart, with shares down 45% over the last one-year period.  The biggest difference has been a change in regulatory regime, starting with the fallout from founder Jack Ma’s criticism, as noted above. Tech companies have recently been confronted by regulators due to anticompetitive behavior on their platforms, including the record $2.8 billion fine for Alibaba (NYSE: BABA).  Fines attract headlines, but it appears the fixes are less impactful than many initially feared. Recently, Alibaba and Tencent were ordered to stop blocking links to each other’s websites on their platforms in an effort to encourage competition.   It’s true Alibaba’s growth rate is slowing but not on account of government intervention. Smaller rivals like JD.com and Pinduoduo along with tech conglomerate Tencent are picking up share in its core ecommerce division and the latter in cloud computing. Still, the company reported year-on-year growth of 34% (22% excluding recent supermarket Sun Art acquisition).  Yet all these risks appear baked in at this point. Currently shares of Alibaba trade at 4 times sales and 20 times forward earnings. As a point of comparison, Amazon trades at 4 times and 46 times respectively. Unlike Amazon, however, Alibaba is a domestic market that in the long-term will grow at multiples of the United States with a population nearly three times larger.  Investors are increasingly looking at Alibaba’s strength outside of ecommerce. Like Amazon, Alibaba has a cloud computing division and that is well situated to be the next profit center for the company. In the last quarter, Alibaba Cloud swung from a loss last year to a profit on the back of 29% revenue growth. According to data from Canalys, Alibaba Cloud is the largest provider in the country as of the second quarter with a 34% market share.   Alibaba might not hold market dominance in both ecommerce and cloud like it once did, but China will not be a winner-take-all market and Alibaba’s stock appears undervalued based on their current market conditions. But don’t think the company is resting on its laurels. Alibaba recently acquired Sun Art to move deeper into brick-and-mortar retail and to improve upon its distributional network. Additionally, it recently announced it will develop its own silicon chips to improve its cloud offering. These two actions will make it more difficult for upstarts to grow share as we move forward.   Alibaba might be shunned among Wall Street, but it has a high-profile acolyte in the form of Charlie Munger. The Berkshire Hathaway vice chairman doubled down on the stock by adding 165,000 shares in the third quarter through his portfolio at The Daily Journal. Tencent is an all-of-the-above Chinese tech juggernaut Tencent Holdings (OTC:TCEHY) Price: $58.31 (as of close Nov 2, 2021) Market Cap: $567.941B document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-f30d6dd0b3b4ef68d444e50c73353ac3”,{rangeSelector:{selected:1},title:{text:”Tencent Holdings (OTC:TCEHY)Closing Stock Price”},subtitle: {text: “Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false 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“%A, %B %e, %Y”}}]}); }); Warren Buffett is an investing legend, but his philosophy is rather simple: buy high-quality companies when they’re on sale. When it comes to best-of-breed Chinese Internet companies, Tencent (OTC: TCEHY) immediately comes to mind.  In fact, The Motley Fool author Jeremy Bowman once compared Tencent to Berkshire Hathaway due to its massive $250 billion investment portfolio. Unlike Berkshire, however, Tencent’s portfolio is chock full of positions in next-gen technology startups and other large Chinese companies like JD.com and EV-maker Nio.  The Chinese Internet conglomerate has major businesses in video gaming through Riot Games and Epic Games stakes and music under its Tencent Music umbrella. However, the company is most known for WeChat. In fact, outside of the Facebook family of apps, WeChat is the largest social media platform, boasting nearly 1.25 billion monthly active users.  Tencent shares have been under pressure for the last year, down 12%, as China’s tech crackdown has made investors skittish. Despite the bearish narrative, Tencent continues to outperform expectations in a difficult environment.  In the second quarter, Tencent met analyst expectations for 20% revenue growth and beat bottom line consensus by posting a 29% increase in profit. Mobile games sales were up against tough comparisons as last year’s pandemic lockdown period boosted adoption, but Tencent still reported 11% growth in this segment.  However, the company’s FinTech and Business

[ad_1] Having open hands and an open heart is one part of A Surrendered Yes: 52 Devotions to Let Go and Live Free, the new book by Rebekah Lyons. A Surrendered Yes is also about living in the now. On today’s episode of The Crystal Paine Show, Rebekah and I talk about what it was like for her to have a child diagnosed with Down syndrome, what living a surrendered life looks like, and how God doesn’t call you to anything that He won’t also give you the strength for. Rebekah and her family have been a huge inspiration to our family as we have stepped out in faith and said yes to adopting Baby D. Watching their family and the journey they have been on and how they have trusted the Lord and lived in surrender to His calling has been such an encouragement to us. If you are struggling to say yes and step out in faith, Rebekah’s raw honesty on this episode will infuse you with courage. Don’t miss it! In This Episode [00:37] – Welcome to The Crystal Paine Show today we are honored to have a repeat guest, Rebekah Lyons. [03:32] – The great joy in life is to lose your life so that you can find it again. [04:19] – I ask Rebekah what it was like to receive the diagnosis that her firstborn had Down syndrome. [09:44] – “If you could go back to your 26-year-old self when you were walking through this, knowing what you know now, what would you say to yourself?” [12:47] – Rebekah talks directly to the woman who’s listening who wants to have that courage but is scared. [15:24] – If you are feeling a nudge or a whisper or something that kind of continues to surface, don’t close your hands to it. [17:34] – We talk about what it was like to say yes to adopting Joy. [19:20] – Pay attention to your tears. [23:49] – We segue into talking about answering those people saying “How do you do it?” [28:28] – I ask Rebekah to close by sharing what “letting go and living free” looks like in her life right now.  [31:50] – It’s not living in tomorrow, it’s not living in yesterday. It’s living today. Links & Resources Books Rhythms of Renewal: Trading Stress and Anxiety for a Life of Peace and Purpose by Rebekah LyonsA Surrendered Yes: 52 Devotions to Let Go and Live Free by Rebekah LyonsFreefall to Fly: A Breathtaking Journey Toward a Life of Meaning by Rebekah Lyons Special Mentions The Crystal Paine Show, Ep 50 Rebekah Lyons Rebekah Lyons on Facebook Rebekah Lyons on Instagram Rebekah Lyons on Twitter Other Links Love-Centered Parenting 10 Days to Be a Happier Mom Sign up for the Hot Deals Email List MoneySavingMom.com My Instagram account (I’d love for you to follow me there! I usually hop on at least a few times per day and share behind-the-scenes photos and videos, my grocery store hauls, funny stories, or just anything I’m pondering or would like your advice or feedback on!) Have feedback on the show or suggestions for future episodes or topics? Send me an email: crystal @ moneysavingmom.com How to Listen to The Crystal Paine Show The podcast is available on iTunes, Android, Stitcher, and Spotify. You can listen online through the direct player here. OR, a much easier way to listen is by subscribing to the podcast through a free podcast app on your phone. (Find instructions for how to subscribe to a podcast here.) Ready to dive in and listen? Hit the player above or search for “The Crystal Paine Show” on your favorite podcast app. [ad_2] Source link

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[ad_1] A while back, I was having dinner at one of those teppanyaki restaurants where you share your table with strangers as a Japanese chef cooks your food theatrically on a griddle. The folks next to me struck up a conversation and asked what I did for a living. When I said I was an investment advisor, they proceeded to regale me with stories about their recent adventures with bitcoin, gold and some stocks I’d never heard of. Then they asked me what I’d been buying lately. I didn’t even know how to answer. “Umm, we just buy ETFs and, uh, it depends on the client’s asset allocation. I also bought some GICs the other day.” Boy, did that shut down the conversation. Fortunately, the chef saved the day by distracting everyone with a steaming volcano made from onion rings. It was another reminder that if you’re an index investor with a long-term approach, you will never be able to share entertaining anecdotes. That’s not to say you won’t be a success story: indeed, if you’re just able to earn market-matching returns, you’re likely to outperform at least 90% of professional money managers, let alone your tablemates at a Japanese restaurant. But you will never be able to crow about a great stock pick or a genius market call. Meanwhile, the loudmouths around you will boast about their conquests and give you an acute case of FOMO. Even if you have no patience for stock picking, at some point your plain-vanilla ETFs are going to lose their sexiness, and you may be tempted by “smart beta” and its promise of outperforming traditional indexes. Those backtested results are certainly compelling, and the marketing material sure does sound clever. The temptation happens to all of us at some point. Part of the problem is we’re conditioned to think that simple solutions are unsophisticated. Certainly, passive investing is often presented that way: “It’s fine for people who aren’t able to do the research.” Right. It may help to know that many of indexing’s staunchest advocates are finance professors with Nobel Prizes on their mantels. Academics frequently favour passive investing, not because they “aren’t able to do the research,” but precisely because they focus on data and evidence, not the anecdotes about investors who beat the odds. (Although academics and other experts are hardly immune from the same temptations that cause so many people to get bored with indexing.) Simple solutions can seem even less appealing as your portfolio grows. The convenience of an ETF portfolio is one of its great virtues, but it can give the impression that it’s not diversified enough for a nest egg of $1 million or more. On the surface, it looks like you’re putting hundreds of thousands of dollars into just a few holdings—or, in the case of an asset allocation ETF, just one fund. But I’ll stress again that with a few ETFs you can hold tens of thousands of stocks and bonds from around the world. That’s about as diversified as one can get, even with millions to invest. To add some perspective, Warren Buffett has said he wants 90% of his estate to be invested in an S&P 500 index fund when he dies. Maybe his executors “aren’t able to do the research.” If you’re fortunate enough to have a seven-figure portfolio, there will be no shortage of salespeople ready to flatter you by offering access to exclusive opportunities available only to “accredited investors.” These include hedge funds, private equity, peer-to-peer lending, real estate partnerships and on and on. It’s possible that some of these opportunities will go on to deliver outsized returns without undue risk, but you will likely have to accept high expenses, illiquidity and a lack of transparency. You’re not sacrificing anything by taking a pass and just sticking to index ETFs. And you’re not missing out on anything except disappointment. Dan Bortolotti, CFP, CIM, is a portfolio manager with PWL Capital in Toronto. He works with clients to combine investment management with long-term financial planning. He also promotes investor education through his blog, articles and podcast. This article was excerpted from Reboot Your Portfolio: 9 Steps to Successful Investing The post How to overcome investing FOMO appeared first on MoneySense. [ad_2] Source link

[ad_1] The post 25 Best Ways to Get Paid to Read Books appeared first on Millennial Money. I’ll be honest: I find it hard to get lost in a good book these days. My mind always drifts back to personal finance. After all, time is money. It’s hard to take the afternoon off to read a book when you’re hustling and trying to improve your cash situation.  Unless, of course, you can figure out a way to get paid to read books. As it turns out, there are tons of ways to do just that. So keep reading to learn how to bring in cash while being a bookworm.  Be an audiobook narrator with Audiobook Creation Exchange (ACX) Find proofreading or copy-editing gigs Work for a publishing house Publish books on Amazon Kindle Direct Become a getAbstract freelance writer Teach English literature Edit eBooks for businesses Become a caregiver and read to patients Work for a library Work in a bookstore Become a book blogger Review books on YouTube Read to kids Online Book Club Women’s Review of Books The US Review of Books BookBrowse Reedsy Discovery Booklist Publications Writerful Books Kirkus Media Read The Millionaire Real Estate Investor by Gary Keller Read The 4-Hour Work Week: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss Read The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle Read Side Hustle: From Idea to Income in 27 Days by Chris Guillebeau How to get paid to read books  Here are the 25 best ways to get paid to read books. 1. Be an audiobook narrator with Audiobook Creation Exchange (ACX) ACX is Audible’s publishing platform. If you have a voice like James Earl Jones and a knack for narrating, you should consider signing up and creating a profile. There are many self-published authors looking for an audiobook narrator. Upload samples of your work with different accents and styles. By putting a lot of samples on your profile, authors can have an easier time discovering you.  If you’re interested in pursuing this, you can get paid to read books for either a per-hour rate or 50 percent of royalties. That’s a pretty solid commission, considering you don’t have to do any writing.  While authors can find your profile on the site, you can also audition for audiobook narrator gigs that you find appealing. 2. Find proofreading or copy-editing gigs  Behind every great author is a solid proofreader. If you’re detail-driven, you can earn income by proofreading other people’s work and revising it with a critical eye. Find the right author, and you just may edit a future bestseller. Authors often prefer working with freelancers and proofreaders who are fast, flexible, and easy to work with. Think you have what it takes to proofread for money? You can find gigs on the following sites.  Upwork  Upwork is a leading marketplace for freelancing and a great way to get paid to read books. There are often users looking for a proofreader to work on novels, short stories, nonfiction works, etc. Upwork takes 20 percent for the first $500 you bill a client. After that, the site takes 10 percent between $5,000.01 and $10,000 and 5 percent for anything more. Fiverr  Fiverr is another top freelance marketplace. This site’s a better source for short-term gigs. So while you might not be getting paid to read a full-length book, you’ll have the opportunity to work on smaller jobs. Just like Upwork, Fiverr isn’t a free service. The company takes 20 percent of what you make.  Learn More: Fiverr vs. Upwork FlexJobs  FlexJobs is a search engine for finding remote gigs. You’ll have to pay to use this site, but it’s a solid source for proofreading jobs. The service offers four different price tiers:  $6.95 (weekly) $14.95 (monthly) $29.95 (quarterly) $49.95 (annually) In my opinion, the one-month package is probably the way to go. You’ll pay a bit more for it, but it may take some time to find gigs at first, and one week may not be enough time. Try the $14.95 package and see what you can find. If it turns out the be a goldmine of work for you, upgrade to the yearlong subscription to get the most bang for your buck. Craigslist Craigslist is one of my favorite places to find side hustle gigs. You aren’t a true side hustler until you’ve spent time trawling through the back pages of Craigslist at odd hours trying to pick up random jobs.  That said, Craigslist is slightly sketchy. But it’s still an excellent place to find reading and editing gigs. Plus, it’s free and doesn’t require you to sign up or submit any information — a major plus.  3. Work for a publishing house  You may want to go all-in and consider a career in publishing. The career path typically starts with earning a bachelor’s degree in a related field like English, journalism, or communications.  Once you earn a degree, you’ll have to get a foot in the door with the publishing industry. Focus on gaining hands-on training through internships, editing opportunities, and training courses.  Check out the American Copy Editors Society, which offers comprehensive editorial training and certification. These paid courses can help get you up to speed with professional editing standards.  As is the case with most industries, you’ll have to work your way up to becoming a book editor or book coach. But this can be an incredibly rewarding profession, enabling you to work with talented writers while you get paid to read books. TIP: Book editors make an average salary of $58,076 per year. 4. Publish books on Amazon Kindle Direct If you love to read, maybe it’s time to try your hand at writing.  Until recently, becoming an author required the acceptance of a publishing company. However, this is no longer the case. Amazon Kindle Direct is a self-publishing platform that anyone can