Sean Allocca
Senior Editor at The Daily Upside
The Daily Upside | Former: EIC at @etfcom @InvestmentNews, @finpan, @CFO editor. Hates mushrooms, loves mushroom ravioli. [email protected]
Articles
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1 week ago |
thedailyupside.com | Sean Allocca
Ladies and gentlemen, State Street may have just done it again. The leading asset manager filed to launch a second exchange-traded fund that would give investors exposure to both private and public investments in a single vehicle — something that had never been done until just a few months ago.
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1 week ago |
thedailyupside.com | Sean Allocca
The global economy just ain’t what it used to be. Probably. Expanding levels of debt and the emergence of artificial intelligence are two issues that are expected to go head-to-head in world markets over the next decade, according to a new forecast of probabilities from Vanguard. The research found the traditional view on growth — namely, 2% increases to GDP annually combined with a 2% inflation rate — isn’t that likely to pan out.
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2 weeks ago |
thedailyupside.com | Sean Allocca
What do Ponzi schemes and smoking have in common? Apparently, they’re just as dangerous as investing in Bitcoin, according to JPMorgan CEO Jamie Dimon. Still, the notoriously blunt crypto skeptic made a stunning reversal at the company’s investor day this week, saying clients of the Wall Street bank will be able to purchase digital assets.
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2 weeks ago |
thedailyupside.com | Sean Allocca
Oh, how the mighty robo-advisors are falling. UBS became the latest major brokerage to unplug its robo-advice strategy last week, joining a venerable who’s who of top brokerages, including Goldman Sachs and JPMorgan, that have abandoned their automated services in recent months. While the low-cost investing options exploded in popularity over the past decade, the costs of running robo-advisors — coupled with extremely low fees and minimums — have proven too steep.
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2 weeks ago |
thedailyupside.com | Sean Allocca
One of the fastest-growing ETFs of all time may have an Achilles heel … or maybe it’s a Trojan horse. BlackRock has officially acknowledged that quantum computing could become a cybersecurity risk to its iShares Bitcoin Trust (IBIT) in a filing this month, marking the first time the new technology has been formally recognized as a potential threat.
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Going indie can be daunting, but the majority of advisors say leaving the big-name brokerages turned out to be the right decision, per Schwab survey. They claim to better serve their clients’ best interest. But, it's not for everyone. https://t.co/k5MaCv83pS
Quick, look busy! Wells Fargo reportedly terminated more than a dozen employees in its wealth and investment management unit after allegedly learning they were pretending to work at their desks during business hours. https://t.co/vHnjiSA6Ou
https://t.co/uAVWhLBedU
