According to members of The Guardian, the world is now home to 147 "unicorns" - companies with private valuations of at least $1 billion. This is a 277% increase, since 2014, that has also been accompanied by talk of a startup bubble. Many prominent venture capitalists have echoed this sentiment, including Benchmark Capital's Bill Gurley and Union Square Venture's Fred Wilson.
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Musk Gambles $34 Billion On Fed Rate Hike
The soon-to-be-released Tesla (TSLA) Model X has a whopping $132,000 price tag. The current Model S P85D starts at $105,000; naturally the Tesla Model 3, priced at $35,000, is a steal... right? I mean, Musk has also given consumers the gift of a two-year pre-order window: not only is he a revolutionary, but he's also a philanthropist, or so the public has been led to believe.
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Your Net Worth Is Falling, Here's How To Fix It
Let's start with a very basic question: like most Millennials, is the entirety of your wealth held in a checking or savings account? If so, do you know the APY associated with your savings account? Is your annual percentage yield lower than inflation? Do you even know what I'm talking about...?
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How $1.8 Trillion Disappeared Overnight
As of this moment, China's Shanghai Composite is down 42.11% from its June 12th high of 5,178.19; it presently sits at 2,964.97. Even more remarkable is the fact that, since Friday of last week, the Shanghai composite has fallen 19.08%. China's momentous Monday downturn also cut the wealth of its billionaires by over $14 billion (some individuals even entered the dreaded "millionaire" club).
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Hillary Clinton, Poster Child For Financial Illiteracy
Hopefully by now, as an experienced American voter, you've realized politicians will promise their constituents anything in exchange for votes: call it quid pro quo incompetency. In most every example, be they liberal or conservative, presidential candidates address voter concerns by publicly declaring how they "understand" middle class problems and will undoubtedly, upon taking office, "support" all "comprehensive" and "bipartisan" solution.
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How China Just Elected President Trump
Surprise, China just devalued its currency... again! Over the past 24 hours, the People's Bank of China decided to depreciate the Yuan by 1.9%, making the U.S. dollar the strongest performing currency to date. This monetary action is nothing new in the current era of globalization; in fact, China has long been (rightfully) accused of purposely devaluing its currency so as to increase foreign direct investments and heighten its export-driven economy.
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You're Not Smarter Than Markets
Valuing companies has become damn near impossible. America's volatile economic environment, currently fueled by low interest rates and a strengthening dollar, has left investors searching for "yield." Nowhere is this transition more evident than in fixed income markets. As investors sell bond and Treasury holdings for high dividend and growth stocks, valuations have soared to record levels.
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