Investing Daily promised to cooperate with the Program’s inquiry and make changes to its taglines, but its first efforts were judged as somewhat … equivocal. “‘I ended the year with a cash flow well over $100,000 … which is just plain unbelievable.’ – Roger D., Wayzata, MN”.“And that’s why selling options is about the closest you can get to never losing money investing.”.“Look how easy it is to collect thousands of dollars in ‘free money’ every month.”.“Give me 9 minutes a week and I guarantee you $67,548 a year.” And despite the staid title, the pitches for the publication can be fierce. The publication is Investing Daily’s main subscription service that provides investment recommendations such as equities, fixed income and options. Personal Finance may be familiar to you it’s been advertised widely on the web, including through videos featuring various experts and spokespeople lauding its moneymaking prowess. From these examples alone, it’s clear that Investing Daily has no qualms about making an impression.īut it was the company’s more parochial flagship publication, Personal Finance, that caught the eye of the Electronic Retailing Self-Regulation Program (ERSP or Program). Investing Daily is a website that promotes a handful of splashily titled publications such as Radical Wealth Alliance, Income Millionaire and Velocity Trader. Programs asks what a typical investor’s experience is likely to yield Subscribe > ERSP Asks Investing Daily to Tone It Down Shopper Doesn’t Dig Kate Spade’s Reference Pricing.New FCC Enforcement Powers Follow Passage of Anti-Spoofing Law.Second Circuit Sends Quincy Bioscience Back to the Lab.ERSP Asks Investing Daily to Tone It Down.The investment firm's total assets under management for the third quarter swelled to nearly $6 trillion, a 17 percent increase from a year earlier. stock market "deserves a premium," Fink also told CNBC, saying American companies are stronger and better managed."įink appeared on CNBC shortly after BlackRock issued better-than-expected quarterly earnings and revenue. The S&P gained 19.2 percent over the same period. On the promise of business-friendly policies from President Donald Trump, such as a corporate tax cut, the Dow and Nasdaq - based on Tuesday's close - are up 25.4 percent and 26.8 percent, respectively, since the November election. The Dow Jones industrial average posted another record close on Tuesday, while the and the Nasdaq touched all-time intraday highs during the session. "That is not a good scenario long-term for equities," he warned. "So could we see with tightening conditions through raising interest rates, through modest reversal of QE, continued demand in the long end, could we see this yield curve really flattening to possibly inverting?" "As the Federal Reserve begins its process of unwinding QE, the preponderance of their assets are five years or shorter," he said. Therein possibly lies the problem, according to Fink. but in Europe and China as well - is motivating investors to put more money to work, he said. The global economic recovery - seen not only with growth in the U.S. He's arguing that with markets at such high levels, investors in search of higher returns could invert the yield curve by buying longer-term assets as the Fed puts more short-term assets on the market through unwinding the balance sheet. Bond prices move inversely to yields.īut Fink's concern is not around whether a recession is coming. Historically, this phenomenon happens when investors are worried about a recession and buy longer-term assets in search of higher yields. "We want to avoid an inverted yield curve."Īn inverted yield curve in the bond market occurs when yields for long-term debt dips below yields for short-term. Could we see an inverted yield curve like next year early 2019?" posited the co-founder of BlackRock, the world's largest money manager. "People are assuming another tightening this year and another three next year. "My greatest fear - and I'm not giving a high probability on it but there's certainly some probability on this - is that we have a very aggressive Federal Reserve," Fink said on "Squawk Box." The Fed's balance sheet, or portfolio of fixed-income assets, swelled from nearly $870 billion in August 2007 to current levels of nearly $4.5 trillion through several rounds of bond-buying, also known as quantitative easing, to try to boost the economy and stabilize markets in the wake of the financial crisis.
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