Stock investments – Face OVL http://faceovl.com/ Sat, 27 Nov 2021 11:44:57 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://faceovl.com/wp-content/uploads/2021/07/icon-2021-07-08T143259.742-150x150.png Stock investments – Face OVL http://faceovl.com/ 32 32 Is Boston Omaha a Buy After Falling Profits? https://faceovl.com/is-boston-omaha-a-buy-after-falling-profits/ Sat, 27 Nov 2021 11:31:00 +0000 https://faceovl.com/is-boston-omaha-a-buy-after-falling-profits/ Boston Omaha (NASDAQ: BOMN) recently released its third quarter results, and despite strong numbers all around, the stock has fallen significantly. In this fool live Video clip, recorded on November 15, Fool.com contributor Matt Frankel and Focus on industry Host Jason Moser discusses the numbers and why Frankel still believes in the business model. Jason […]]]>

Boston Omaha (NASDAQ: BOMN) recently released its third quarter results, and despite strong numbers all around, the stock has fallen significantly. In this fool live Video clip, recorded on November 15, Fool.com contributor Matt Frankel and Focus on industry Host Jason Moser discusses the numbers and why Frankel still believes in the business model.

Jason Moser: The gains also for Boston Omaha here last week, Matt and Boston Omaha come out of the water this year, rack up a few percentage points. Nothing crazy one way or the other, but it’s a business that is talked about a lot on this show and in our Foolish universe. Well this is another one of those companies that you really like. Seems to be at least somewhat built into this Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) mold. Looks like it works. Looks like it was another uneventful one, if not the right quarter.

Matt Frankel: Yes. It’s incident-free by design, I guess you’d call it. Boston Omaha just held its annual meeting last weekend. It was sort of a Berkshire-style annual reunion. It is obviously not yet on the same scale. But it’s in Omaha. They rent an auditorium like Warren Buffett and Charlie Munger do every year.

Moser: He’s Buffett’s nephew, isn’t he?

Frankel: It is his grand-nephew.

Moser: Great nephew. OKAY.

Frankel: I think he’s your sister’s grandson, I think. That would make a great-nephew.

Moser: But now you make me walk like the Space balls and the Black Helmet, these brothers, uncles, cousins, nephews, former roommates.

Frankel: Warren Buffett has no involvement with Boston Omaha, at any official level I would say that, but it’s definitely modeled on Berkshire Hathaway. Very early stage. I wanted to go to their meeting last weekend, but I didn’t. I can’t go to Vegas and then to Omaha back to back. I want to come home at some point. Billboard rentals still represent the majority of their business, which is important for all investors to know. More than half of their income comes from the billboard industry. That increased 13% year over year, rebounding well from the pandemic when many companies stopped advertising so much.

Broadband revenues are the fastest growing part of its business. This has more than tripled year over year. But this has been fueled by acquisitions, not necessarily organic growth within the company. They acquired a major wireless service provider – or not, fiber optic wireless network providers. In the end, they posted a loss of $ 0.89 in earnings per share. But it was not very significant. If you remember with Berkshire we say their earnings per share is not significant as it reflects the unrealized gains in their stock portfolio?

Moser: Yes.

Frankel: The same applies here. They recorded a loss of $ 33.7 million in investment quotes. First of all, for a company that barely hit $ 1 billion in market cap, that’s a big loss.

Moser: Sure.

Frankel: This is because their biggest stock is Dream Seeker Homes (NASDAQ: DFH), by far, which has become public and this stock has decreased considerably. But they didn’t sell. It is not a realized gain, it is an unrealized gain in their investment portfolio. The EPS number is not really significant. Book value, which they see as their biggest barometer of growth – it’s not a perfect metric, but it shows how much they increase intrinsic value over time – which has increased by 22% of a year. year over year.

Moser: Attractive.

Frankel: Good growth in book value. I’ll close with a few things to look at with Boston Omaha before I add, you can ask me what you want about this. Hope to know the answer. They make it difficult. They just released a 10-Q. They don’t really go through the revenue highlights, but two things: Their SPAC is merging with Sky Harbor, it’s still pending. This is something to watch for in the fourth quarter. They invest.

It will be their biggest investment yet when it comes to fruition. The most interesting treat I could find in their 10-Q: They acquired land in Nevada. They didn’t say how much, they didn’t say where exactly. They plan to start a fourth business, a home construction business. Where they build townhouses or single family homes for the specific purpose of owning them on their balance sheet and renting them out, much like a real estate investment. They just mentioned this as a footnote in their 10-Q in typical Boston Omaha style. I am excited about this part of the business.

Moser: They make you work for it.

Frankel: They do.

Moser: It’s really interesting. Considering the housing shortage, right? I mean, I think we can all agree that’s a problem right now. We have a housing shortage, we have a lot of catching up to do. It’s a riskier bet, so to speak, to get so heavy in real estate like that, and have it on your balance sheet. But generally speaking, in the long run, real estate is a good investment. I feel like this is something that has a lot of potential.

Frankel: Yes, this is interesting just because the housing market is going crazy lately, but the rental market, everyone is always talking about the affordability side of houses. But the rental market is also skyrocketing, especially in some of those Sun Belt markets like the one I’m in. Rents are increasing. There is just a great shortage of rental properties. They have a great relationship with our home builder. I mentioned that Dream Finders Homes was their biggest investment. They are a big part of it. They have a good relationship there. They have the financial support to do it. It will be interesting to see if they can successfully build houses with the aim of renting them out and getting a good return on them.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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Here’s why it’s wise to hold on to Highwoods (HIW) stock now https://faceovl.com/heres-why-its-wise-to-hold-on-to-highwoods-hiw-stock-now/ Thu, 25 Nov 2021 17:52:05 +0000 https://faceovl.com/heres-why-its-wise-to-hold-on-to-highwoods-hiw-stock-now/ Highwoods Properties, Inc.HIW’s portfolio is focused on high growth Sun Belt markets with favorable long term demographic trends. In addition, HIW has a well-diversified tenant base. This bodes well for its long-term growth. Highwoods continues to make concerted efforts to expand its presence in the high growth markets of the best business districts and improve […]]]>

Highwoods Properties, Inc.HIW’s portfolio is focused on high growth Sun Belt markets with favorable long term demographic trends. In addition, HIW has a well-diversified tenant base. This bodes well for its long-term growth.

Highwoods continues to make concerted efforts to expand its presence in the high growth markets of the best business districts and improve the quality of its overall portfolio through acquisitions and development. As part of its strategy to strengthen its presence in target markets, HIW acquired four Class A office assets, covering 1.63 million square feet in Charlotte and Raleigh, in July from Preferred Apartment Communities.

HIW focuses on development projects in key markets that have the potential to generate significant annual net operating income (NOI) when completed and stabilized.

Highwoods has a well-diversified tenant base that includes several metrics. Going forward, the next round of office space demand will likely be driven by inbound migration and significant investments announced by office occupants to expand their footprint in the Sun Belt regions. In addition, additional hiring plans in HIW’s markets will stimulate said demand.

Additionally, HIW is seeing an increasing number of tenants returning to offices or announcing plans to get to work. This development should also support the fundamentals of office real estate.

HIW has sufficient liquidity from its liquidity, cash flow from operating activities and other funding sources to meet its short-term liquidity needs.

The REIT ended the third quarter of 2021 with $ 27.9 million in cash and cash equivalents. Debt maturities are well phased and no maturities are scheduled until November 2022. In addition, Highwoods generates an unencumbered NOI of 91.3%, allowing additional secured debt capital to be leveraged if necessary.

Zacks Rank # 3 (Hold) HIW stocks have outperformed their industry over the past three months. The title rose 3%, while the industry gained 2.7%.

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Image source: Zacks Investment Research

However, Highwoods faces intense competition from developers, owners and operators of office buildings as well as other commercial buildings, including sublet space available from its tenants. This limits its ability to attract and retain tenants at relatively higher rents than its competitors and hinders its rental business.

In addition, a large development pipeline exposes it to various operational risks, such as construction cost overruns and development delays.

Choice of keys

Some top-ranked stocks in the REIT sector are Cedar Real Estate Trust CDR, OUTFRONT media OUT and Apple Hotel REIT APLE.

Zacks’ consensus estimate for Cedar Realty Trust’s current year operating fund (FFO) per share was increased 2.6% over the past month. The CDR is currently showing a Zacks Rank # 1 (strong buy). You can see The full list of today’s Zacks # 1 Rank stocks here.

In the past four quarters, Cedar Realty’s FFO per share has exceeded the consensus estimate twice and missed the mark on the other two with the average surprise being 6.40%. CDR shares have appreciated 58.4% over the past six months, outperforming the industry rally by 8.3%.

Zacks’ consensus estimate for the 2021 FFO per share of OUTFRONT Media was increased by 13.8% over the past month. OUT is currently wearing a Zacks Rank 1.

In the past four quarters, OUTFRONT Media’s FFO per share has exceeded the consensus estimate three times and has published results online once. OUT delivered a surprise of 44.87% on average. OUT shares have appreciated 14.9% over the past six months, outperforming the industry rally by 8.4%.

Zacks’ consensus estimate for FFO per share of Apple Hospitality REIT in 2021 rose 4.9% north over the past month. APLE currently carries a Zacks Rank # 2 (Buy).

In the past four quarters, Apple Hospitality’s FFO per share has exceeded the consensus mark three times and missed it once, with negative surprise being 14.2%. Shares of APLE have appreciated 9.3% over the past three months, outperforming the industry rally by 2.7%.

To note: Everything related to earnings presented in this valuation represents funds from operations (FFOs) – a measure widely used to assess the performance of REITs.

Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report

Highwoods Properties, Inc. (HIW): Free Stock Analysis Report

Cedar Realty Trust, Inc. (CDR): Free Inventory Analysis Report

OUTFRONT Media Inc. (OUT): Free Stock Analysis Report

Apple Hospitality REIT, Inc. (APLE): Free Inventory Analysis Report

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Samsung plans to invest around $ 17 billion to build a chip factory in Texas https://faceovl.com/samsung-plans-to-invest-around-17-billion-to-build-a-chip-factory-in-texas/ Wed, 24 Nov 2021 02:17:23 +0000 https://faceovl.com/samsung-plans-to-invest-around-17-billion-to-build-a-chip-factory-in-texas/ (RTTNews) – Samsung plans to invest around $ 17 billion to build a semiconductor manufacturing plant in Taylor, Texas, amid a global shortage of chips used in phones, cars and other electronics. This is the largest investment Samsung has ever made in the United States to improve the supply chain resilience of critical logic chips. […]]]>

(RTTNews) – Samsung plans to invest around $ 17 billion to build a semiconductor manufacturing plant in Taylor, Texas, amid a global shortage of chips used in phones, cars and other electronics.

This is the largest investment Samsung has ever made in the United States to improve the supply chain resilience of critical logic chips. The investment will also bring the company’s total investment in the United States to more than $ 47 billion since it began operating in the country in 1978. The company now has more than 20,000 employees across the country, a Samsung said in a statement Tuesday.

The company noted that the new manufacturing facility will produce advanced logic chips that will power next-generation devices for applications such as mobile, 5G, high-performance computing and artificial intelligence. The Taylor site will cover more than 5 million square meters.

The chip factory will create more than 2,000 high-tech jobs, thousands of indirect jobs and a minimum of 6,500 construction jobs. Construction will begin in early 2022 with a target to start production in the second half of 2024. The $ 17 billion in capital investment includes buildings, property improvements, machinery and equipment.

A grant of $ 27 million from the Texas Enterprise Fund was awarded to Samsung for job creation. In addition, Samsung was offered a bonus of $ 20,000 for jobs created by veterans, said Texas Gov. Greg Abbott.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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These Money and Investing Tips Can Help Your Portfolio Get Through the Ups and Downs of the Stock Market https://faceovl.com/these-money-and-investing-tips-can-help-your-portfolio-get-through-the-ups-and-downs-of-the-stock-market/ Sat, 20 Nov 2021 18:50:00 +0000 https://faceovl.com/these-money-and-investing-tips-can-help-your-portfolio-get-through-the-ups-and-downs-of-the-stock-market/ Don’t miss these best money and investing features: Sign up here to receive MarketWatch’s top mutual funds and ETF stories emailed weekly! INVESTMENT NEWS AND TRENDS Want to know why it’s so hard to beat the market? If you only own one or two stocks, you could be significantly behind the market Read More Inflation […]]]>

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INVESTMENT NEWS AND TRENDS
Want to know why it’s so hard to beat the market?

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These are the six stocks to watch in the booming cybersecurity industry

There is a lot of competition in cybersecurity. But there is also more demand than ever. Read more

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The birth rate in the United States has been declining for decades, but that could change. Read more


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Target stocks trade lower as tight gross margins disappoint https://faceovl.com/target-stocks-trade-lower-as-tight-gross-margins-disappoint/ Wed, 17 Nov 2021 15:53:00 +0000 https://faceovl.com/target-stocks-trade-lower-as-tight-gross-margins-disappoint/ Text size Customers shop at a Target store in Chicago. Scott Olson / Getty Images Actions of Target were down nearly 5% on Wednesday after the retailer’s third-quarter profits and sales beat Wall Street estimates, due to in-store foot traffic. The company, whose shares were around $ 254, also raised its sales guidance for the […]]]>

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Saudi PIF nearly triples holdings of US equities; adds Walmart, Pinterest https://faceovl.com/saudi-pif-nearly-triples-holdings-of-us-equities-adds-walmart-pinterest/ Mon, 15 Nov 2021 22:07:00 +0000 https://faceovl.com/saudi-pif-nearly-triples-holdings-of-us-equities-adds-walmart-pinterest/ DUBAI, Nov. 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of listed shares in the United States to $ 43.45 billion in the third quarter, adding shares of the Alibaba group, Walmart (WMT.N) and Pinterest (PINS.N). Its holdings of U.S.-listed stocks in the quarter ended Sept. […]]]>

DUBAI, Nov. 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of listed shares in the United States to $ 43.45 billion in the third quarter, adding shares of the Alibaba group, Walmart (WMT.N) and Pinterest (PINS.N).

Its holdings of U.S.-listed stocks in the quarter ended Sept. 30 increased from nearly $ 16 billion in the previous quarter, according to a U.S. Securities and Exchange Commission file.

Other stocks he bought included Just Eat Takeaway.com (TKWY.AS) and Ballard Power Systems (BLDP.TO).

The PIF, which manages $ 430 billion in assets, is at the center of Saudi Arabia’s plans to transform the economy by creating new sectors and diversifying oil revenues.

PIF also owns a 62.72% stake in electric car company Lucid (LCID.O), which has a market value of around $ 71 billion, a significant increase in value from the end of September.

“The third quarter figure is indeed significantly higher than the second quarter, but most of the increase is due to the IPO of Lucid Motors in July,” said Diego Lopez, Managing Director of Global SWF , an industry data specialist.

“If you isolate the effect of Lucid, holdings of US stocks grew only 11%, from $ 15.9 billion to $ 17.7 billion.”

Lucid’s July listing was a huge dividend for the Saudi sovereign fund, which invested more than $ 1 billion in the company in 2018 for a substantial stake and invested more in February. PIF also owns a 3.75% stake in ride-sharing company Uber Technologies (UBER.N).

The PIF pursues a two-pronged strategy, building an international portfolio of investments while investing locally in projects that will help reduce Saudi Arabia’s dependence on oil.

“While PIF’s strategy in 2020 seemed to be focused on short-term gains, we have seen a shift in 2021, with only one divestment so far,” Lopez said, adding that the focus was shifting to private partnerships.

PIF also invested $ 45 billion in Softbank’s inaugural $ 100 billion tech fund.

The PIF has stepped up its firepower through several sources of funding in recent years, including loans and a $ 40 billion transfer of central bank reserves last year.

Reporting by Saeed Azhar; Editing by Richard Chang, Mark Potter and Hugh Lawson

Our Standards: Thomson Reuters Trust Principles.


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Should you buy, sell or hold Zomato shares after second quarter results, key investment announcements? https://faceovl.com/should-you-buy-sell-or-hold-zomato-shares-after-second-quarter-results-key-investment-announcements/ https://faceovl.com/should-you-buy-sell-or-hold-zomato-shares-after-second-quarter-results-key-investment-announcements/#respond Thu, 11 Nov 2021 03:40:14 +0000 https://faceovl.com/should-you-buy-sell-or-hold-zomato-shares-after-second-quarter-results-key-investment-announcements/ Online food delivery platform Zomato announced a widening of its consolidated net loss to ??435 crore for the quarter ended September compared to a loss of ??230 crore in the quarter of last year. Zomato shares were trading nearly 2% higher at ??139 each on BSE in Thursday’s session. The company’s losses increased primarily due […]]]>

Online food delivery platform Zomato announced a widening of its consolidated net loss to ??435 crore for the quarter ended September compared to a loss of ??230 crore in the quarter of last year. Zomato shares were trading nearly 2% higher at ??139 each on BSE in Thursday’s session.

The company’s losses increased primarily due to investments in growing its food delivery business. As part of its long-term strategy to focus on its core business, Zomato unveiled its three key investments in startups Curefit, Magicpin and Shiprocket.

“Zomato plans to roll out an additional $ 1 billion over the next 1-2 years with the idea of ​​adding several large core businesses to the existing core, particularly in the hyperlocal e-commerce space. Some of these investments would eventually lead to a merger and the rest would generate financial returns or apprenticeships for Zomato, ”Jefferies said in a note. The brokerage has a buy rating on the stock with a target price of ??175 each.

Zomato said it was in the process of divesting or shutting down its non-core businesses, which was not going to shake things up in any meaningful way for shareholders in the long run.

Those at Ambit Capital said Zomato’s second quarter revenue was better than expected, but came at a price with an approximately 82% increase in quarterly adjusted EBITDA losses. They see growth at a price and could lower profitability.

“We would wait and monitor the success of the companies we invest in and believe that it may be premature to give bonuses to invested capital. We keep Sell with an unchanged price target of ??127, “added the brokerage house.

Zomato’s delivery cost per order has increased by ??5 per order on a sequential basis, although the food delivery giant doesn’t expect delivery costs to increase any further and feels confident that the contribution margin remains positive in the medium to long term .

“Zomato posted a mixed earnings package where turnover is encouraging but profitability is a major concern. Investments are tied to their current business, therefore the market is responding positively to this and it may help the business. to continue growing, however, cash flow will be key going forward. The outlook is optimistic as the penetration of India’s food delivery industry is still low, but only aggressive investors are advised to hold this stock amid uncertain profitability, ”said Parth Nyati, founder of Tradingo.

The opinions and recommendations expressed above are those of individual analysts or brokerage firms, not Mint.

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Why Volta’s shares jumped again today https://faceovl.com/why-voltas-shares-jumped-again-today/ https://faceovl.com/why-voltas-shares-jumped-again-today/#respond Tue, 09 Nov 2021 17:42:34 +0000 https://faceovl.com/why-voltas-shares-jumped-again-today/ What happened Sometimes stocks take a break the day after their pop. Electric Vehicle (EV) Charging Network Company Shares Volta (NYSE: VLTA) climbed nearly 20% yesterday without company-specific news, as the sector benefited from the passage of a federal infrastructure bill. But Volta is not returning those gains today, and in fact, it jumped over […]]]>

What happened

Sometimes stocks take a break the day after their pop. Electric Vehicle (EV) Charging Network Company Shares Volta (NYSE: VLTA) climbed nearly 20% yesterday without company-specific news, as the sector benefited from the passage of a federal infrastructure bill. But Volta is not returning those gains today, and in fact, it jumped over 13% early in Tuesday. As of 11:50 a.m. EST, Volta shares were still up 4.1% on the day.

So what

Virtually the entire electric vehicle industry soared yesterday in reaction to Friday night’s vote in the House of Representatives that ultimately passed a bipartisan infrastructure bill that has been at the center of many political wrangling. This bill includes $ 7.5 billion specifically allocated to the construction of charging infrastructure to promote ownership of electric vehicles.

Image source: Getty Images.

The spending is expected to benefit Volta, which locates its charging stations near shopping centers, including malls, stadiums, cinemas and grocery stores. Each of its chargers includes a large monitor where local businesses can advertise to consumers.

Now what

The screens allow theaters to display schedules of upcoming shows or trailers, malls and grocery stores to advertise stores or highlight items for sale, and municipalities to broadcast community messages. Volta generates additional revenue through advertising, and businesses can advertise as they spend.

Investments in infrastructure should help the company develop its network. And investors continued to buy stocks today in anticipation of what the company has to say in its next financial update, scheduled for tomorrow after the market closes.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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No jhanjhat, no charge? Why cryptocurrency investments need rules, regulations like the stock market https://faceovl.com/no-jhanjhat-no-charge-why-cryptocurrency-investments-need-rules-regulations-like-the-stock-market/ https://faceovl.com/no-jhanjhat-no-charge-why-cryptocurrency-investments-need-rules-regulations-like-the-stock-market/#respond Mon, 08 Nov 2021 01:00:00 +0000 https://faceovl.com/no-jhanjhat-no-charge-why-cryptocurrency-investments-need-rules-regulations-like-the-stock-market/ If you have an oral conversation with a crypto champion, they will all say that the Supreme Court has ruled that crypto is legal in India. This is clearly wrong. Synopsis When it comes to banking, mutual funds, insurance, bonds and just about anything like that, there are equivalent regulatory structures. However, the buying and […]]]>

If you have an oral conversation with a crypto champion, they will all say that the Supreme Court has ruled that crypto is legal in India. This is clearly wrong.

Synopsis

When it comes to banking, mutual funds, insurance, bonds and just about anything like that, there are equivalent regulatory structures. However, the buying and selling of cryptocurrency is not regulated because there are no regulatory structures.

You must have seen the ad. A group of young men play carroms in a dimly lit place that looks like a movie theater set in a garage. Then one of them starts telling the others about bitcoin and urges them to buy the cryptocurrency through an app. The others protest that they are unable to understand bitcoin. The first one shows his phone screen where there is a graphic going up and says: “no jhanjhat, no charge”. I find this announcement quite realistic. This

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How to Avoid Cryptocurrency Stock Scams Before You Lose Money! https://faceovl.com/how-to-avoid-cryptocurrency-stock-scams-before-you-lose-money/ https://faceovl.com/how-to-avoid-cryptocurrency-stock-scams-before-you-lose-money/#respond Sat, 06 Nov 2021 11:43:52 +0000 https://faceovl.com/how-to-avoid-cryptocurrency-stock-scams-before-you-lose-money/ through: Better Business Bureau Posted: November 6, 2021 / 6:43 AM CDT / Update: November 6, 2021 / 6:59 AM CDT Hand holding abstract bitcoin against purple background. If you are considering investing in stocks of companies that tout high returns associated with cryptocurrency, be careful. Do your research and invest only the money you […]]]>

Hand holding abstract bitcoin against purple background.

If you are considering investing in stocks of companies that tout high returns associated with cryptocurrency, be careful. Do your research and invest only the money you can afford to lose.

In an emerging industry like cryptocurrency, it’s not uncommon to see both legitimate start-ups and not-so-legitimate players. According to the 2019 BBB ScamTracker Risk Report, cryptocurrency scams are the second riskiest in the country in terms of the prevalence of victims and lost dollars.

These little reputable new companies often make glorified claims about new cryptocurrency-related products and services – including blockchain technologies and initial coin offerings – in an effort to increase the market price of their coins. actions. The buzz around cryptocurrency businesses allows crooks to launch fraudulent businesses that lack transparent financial reporting. In addition, the crooks will emulate the successful business models of legitimate companies in order to deceive investors and steal their money.

Beware of these common cryptocurrency scams:

  • Cryptocurrency exit scam: These scams trick consumers into investing in a new form of cryptocurrency. Scammers tell investors that they are guaranteed to make huge profits in order to generate as much funding as possible. Some fraudulently claim to be affiliated with famous investors or advertise online. Then they disappear with all the money.
  • Fake websites or apps: The internet is full of bogus websites and smartphone apps that purport to enable cryptocurrency exchange. They keep victims addicted by showing fake charts and exchange rates that make their investments appear to be increasing, often convincing victims to invest more. However, when users try to withdraw their money, they cannot do so.
  • Social media scams: Scammers use stolen social media accounts to pose as friends of their victims. They contact by direct message or post messages offering investment opportunities. Some even use video messages recorded by the original owner of the account to deceive victims. Before the supposed investment can be made, the crooks demand that their victims provide login information to their social media accounts as well as a video promoting cryptocurrency investing.
  • Phishing: Phishing emails and text messages trick recipients to click links or download attachments by promoting cryptocurrency investments. Some phishing attempts have even surfaced on Discord, a popular messaging platform among aspiring and active investors. These programs offer rewards like free investments to attract victims. Others are targeting current investors by claiming that their accounts have been hacked in an attempt to steal the login credentials of their cryptocurrency wallets.
  • Fake celebrity mentions: Many celebrities as well as tech and financial influencers are involved in investing in cryptocurrency, and some scammers advertise their services using fraudulent endorsements. Source: BBB of Greater Maryland

Don’t be fooled by unrealistic predictions of returns and complaints made through press releases, spam emails, and telemarketing calls or those posted online or in social media threads. These actions can be a sign of classic “pump and dump” type stock market fraud. To learn more, check out this infographic on the anatomy of a pump and dump.

Follow these tips to avoid crypto investment scams

If you are considering a crypto-related equity investment, here are six tips to help you avoid scams:

  • Don’t say ‘yes’ to cryptocurrency stock purchases from an aggressive cold call, although the claims seem plausible, especially if the recommended stocks are very low. Don’t feel guilty for hanging up. Not responding at all, or hanging up, are usually the best and safest responses to a cold call or anyone aggressively launching cheap stocks or other investment opportunities.
  • Beware of anyone who guarantees that an investment will work a certain way. Also beware of arrogant sales pitches that encourage you to “act now”.
  • Look for opportunities before investing. Use FINRA BrokerCheck® to check registration status and to get additional information about the people and companies promoting these opportunities.
  • Find out if a company is filing with the Securities and Exchange Commission or the Canadian Securities Administrators. In the United States, consult the EDGAR database of the SEC and, in Canada, consult the SEDAR database of the CSA. Read the reports and verify all the information you have heard about the company. But remember that just because a company has registered its securities or is filing reports with the SEC or CSA does not mean that the company will be a good investment in general or the right investment for you. .
  • Beware of stocks with huge price spikes. This could signal potential manipulation or fraud.
  • Know where the action is trading and pay attention to the caveats associated with the action. Most stock pump and dump programs tend to be listed on an over-the-counter (OTC) trading platform such as OTC Markets, which provides icons to alert investors to concerns associated with a business. given. These include a stop sign to indicate that the company cannot or will not provide important information to regulators, exchanges or over-the-counter markets, as well as a skull to warn that security , the company or a person who controls the company could be involved in a spam campaign, questionable marketing, regulatory action or more.

Sources: BBB.org, BBB Institute for Marketplace Trust, FINRA, BBB of Greater Maryland

To learn more about investment scams, read the FINRA Investor Alert: Spam and Stock Scams. If you’ve been scammed, report it to BBB Scam Tracker. To find a business you can trust, check out BBB.org.


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