Vivian Blumenthal

Many newcomers to the market reject the option of buying index funds. But, as statistics show, they are wrong. Here's why Wall Street legends advise buying the S&P 500 Every investor has heard of the S&P 500 at least once. It is often called the "broad market index" because it includes 500 companies from a wide variety of sectors of the US economy. There are both expensive and cheap stocks in the S&P 500. Thanks to this, the index reflects the situation on the US stock exchange better than others, so that it is even called the barometer of the American economy.   The index includes 11 sectors, with the largest share being IT - 27.8% (as of July 30). The IT sector is far ahead of the second and third places - healthcare (13.4%) and consumer goods of secondary necessity (12.1%). The top 10 companies account for 27.6% - among them mainly tech giants: Apple, Microsoft, Amazon, Facebook, Alphabet (class A and C), Tesla, Berkshire Hathaway, Nvidia, JP Morgan.   The ...

Jesse Livermore is one of those people whose name, over time, increasingly envelops the veil of mystery. Even Livermore's classic complete biography is a work of fiction. The first attempts to collect actual facts about the trader were made only in the zero years of our century.   Even during his lifetime, Livermore's actions made his contemporaries wonder and find the most fantastic explanations for them, creating something like a cargo cult. At first, his success was attributed to the luck of newcomers, then explained by the saying "Fools are lucky", then the trader was accused of a deal with Satan and a complete lack of morality. Of course, even the circumstances of Livermore's death are still not completely clear. But first things first. Ungrateful soil Jesse Lauriston Livermore was born in Shrewsbury, Massachusetts in 1877. His father was a poor farmer. Since Shrewsbury, like all of New England, had extremely dry and rocky soil, things were going badly. Becau...

Payments company Square of Twitter founder Jack Dorsey announced the buyout of Australian online installment operator overtops in exchange for its own shares worth $ 29 billion. The deal could be a record in Australian history Jack Dorsey payment company Square and Australian online installment plan After pay have agreed on a $29 billion share swap deal. Square plans to close the deal in the first quarter of 2022, the company founded by the Twitter CEO said in a statement.   “Square and Afterpay have a common goal. We have built our business to make the financial system fairer, more accessible, and inclusive, and Afterpay has built a reliable brand that lives up to these principles, ” Dorsey said in the message. Together, he noted, the companies will be able to "better connect our POS app and the merchant ecosystems." This will provide retailers and consumers with "even more compelling products and services, putting power back in their hands."   Square has agreed wi...

Self-discipline is the key to success. This is true in any game. Knowing the rules of the game is a prerequisite for success, but it is not enough. The one who defeated himself wins! In the world of traders, Vivian Blumenthal  knows him for having developed his own principle of trading on the floor, which is now widely popular. This trading strategy is to open a new trade if the trend turns up, and immediately close it as soon as the rate declines. There is no need to react to short-term price fluctuations, the primary goal is to maximize the coverage of a long-term upward trend. Professional trader - the way to the top Richard Dennis began his journey to trading at 17. To productively wait out the three months of vacation between his undergraduate and graduate studies, he got a job as a messenger on the trading floor of the Chicago Board of Trade. Trading on the stock exchange was only possible from the age of 21. Since Richard, because of his age, did not take part in the auction...

The path that François Pinault followed is worthy of admiration - from a simple worker at his father's sawmill, to a world-famous entrepreneur and art collector. Today, the Pino family's fortune is estimated at billions of dollars. He is one of the few people who had a personal phone number for French President Jacques Chirac. And he, according to rumors, provided comprehensive support to the business person - after all, Francois once saved his life. Wood business François Pinault was born on August 21, 1936, in a small French village in the province of Brittany, in the family of a timber merchant. The boy's studies were of little interest. In addition, in college, he was often teased because of his rural accent and peasant origin. At 16, he stopped attending classes and helped his father. In 1956, François enlisted in the army - uprisings began in Algeria, which was a French colony. In the military service, he earned start-up capital to start his own business, but the mone...

Goldman Sachs analyst Abby Joseph-Cohen has made a name for herself on optimism. She was called Permabull (permanent bull) and The Queen of The Bulls (queen of the bulls). Abby was included in the lists of the most successful women in America. Thousands of private investors trusted her every word. But after the 2007 mortgage crisis, Joseph-Cohen's career ended ingloriously. Brilliant takeoff Abby Joseph was born in 1952 in New York Queens. Her father, the son of Jewish immigrants from Poland, had a master's degree in finance and worked as an accountant for a publishing company. In the late sixties, he became a chief financial officer of Essence, one of the first magazines for African American women. Her mother, also a Jewish immigrant, worked as an economist at General Foods Corporation (today's Kraft Heinz). Abby was raised with her older sister and attended a regular public school. She studied well, her favorite subjects were physics and chemistry. In 1969, Abby entered C...

  On August 2, American stock markets showed mixed dynamics. The S&P 500 fell 0.18% to 4387 points, the Nasdaq climbed 0.06% and the Dow Jones slipped 0.28%. Utilities (+ 0.74%), cyclical consumer goods (+ 0.28%) outperformed the market due to strengthening quotations of clothing and car manufacturers, as well as the health sector (+ 0.17%). Among the outsiders were representatives of the industry of raw materials and materials (-1.17%) because of weak indicators of metallurgists and gold miners, industry (-0.72%), and energy (-0.71%). Square (SQ: + 10.2%) is gaining Australian Fintech company Afterpay (APT-AU) for $ 29 billion in shares, which could strengthen Square's position against PayPal (PYPL). Ferrari (RACE: -2.8%) posted a second-quarter report above market expectations, but management's full-year outlook remained below consensus worried investors. Foot Locker (FL: -2.1%) will gain apparel brands Atmos for $ 360 million and WSS for $ 750 million in cash. The market...