Wall Street Journal broke the news about the recently retired Kobe Bryant and his $100 million venture capital fund. Other retired superstars are also cautious with their money so they can continue their high life after stopping their sports career. Others are not so good with their wealth…
The announcement of the new iPhone (and the usual “One more thing”) is just days away – but how will the market react to the new Apple products? Investors are anxious to see what the company has to offer but it’s worth mentioning that lately Apple’s announcements are less about new, ground-breaking technologies and more about refinements. This also defines the expectations of investors since the time of former innovation (and huge spending on R&D) at Apple is now gone.
Many believe that the best way to keep our wealth is in cash. Every investment, like stock, holds some risk and real estate isn’t really liquid compared to cash, which holds no risk and obviously liquid. But still, financial professionals don’t advice to keep huge amounts of money in cash for good reasons.
During the Olympics, the multifaceted Brazil gets more and more attention and many agree that the event can put the country in an even worse financial situation than it is in now.
The biggest mortgage bank in Denmark is worried about the housing market as they believe that it may get out of control. Denmark has negative interest rates for years and that is pushing investors towards real estate. This may also bring a price bubble to the market which can burst anytime. But there are good choices in situations like this too.