Dubai Real Estate Firms Are Going Global
This week: Kuwait's $1 trillion wealth fund is borrowing from Warren Buffett's playbook, and a Saudi royal runs a $250 billion firm shaping access to mega deals in the kingdom. But first, Dubai property developers are going global.
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Why the first $100,000 invested is the hardest (but the most important)
Key takeaways When you're just starting out with investing, the thought of getting to your first $100,000 invested can seem daunting. But the power of compound interest means that that first $100,000 will quickly become much more. Understanding the psychological and practical barriers to investing can help you steel yourself as you start to build wealth. Investing is one of the best ways to generate wealth, but the path to personal wealth isn't always an easy one. For instance, if you are starting from scratch, investing your first $100,000 can seem extraordinarily difficult. But reaching this milestone is the most important, because building wealth is often much easier once you get there. The reason? Compound interest. If you keep your money invested, it will grow at an increasing rate. Eventually, the interest you receive might even outpace your contributions. However, before that can happen, you must get past the financial and psychological obstacles standing in your way. Compare advisors: Bankrate's list of the best financial advisors The psychological barriers keeping you from your first $100,000 The first barriers you must break through on your way to building wealth are psychological. If you don't believe you can build wealth, you'll never take the steps necessary to do so. You must first understand the mental barriers that can get in the way. Fear of losing money Investing can be scary, especially if you are new to it. The stock market can be volatile, which can cause your investments to quickly rise and drop in value. This feels like gambling to some people, and they may opt to keep their money in a checking or savings account. But this means they are effectively losing money over time, thanks to inflation. Tori Dunlap, founder of Her First 100k, says mindset is often a limiting factor. 'Women wait to start investing compared to men because they're nervous about making a mistake.' But Dunlap says this costs women serious money. 'That's why I do the work that I do: breaking down the investing jargon to get them started,' Dunlap added. To get past this fear, it helps to zoom out and look at the long term. While the stock market can drop for weeks, months or even years, it has always rebounded. Take the Dow Jones 100-year historical chart, for example. In this chart, we can see that the Dow has increased by about 20 times in the past 100 years. And this includes the Great Depression, the 2008 financial crisis and various other recessions. Investing is not a get-rich-quick scheme. To succeed with investing, you must stick to your strategy for the long term. Over the years and decades, the committed investor will see their money grow. Paralysis by analysis Another problem that can stop new investors in their tracks is the enormous amount of information available today. With thousands upon thousands of articles, books and podcasts discussing investing, new investors can get overwhelmed and, again, throw up their hands. Instead of trying to learn about everything at once, you must take things slow if you are new. If your employer offers a 401(k) or similar plan, start by learning what investments are available in the plan. Once you have a handle on your employer's investment choices, you can start learning about other investments, but you should continue to take things slow. For example, you can try learning about simple investments, such as total stock market index funds and three-fund portfolios. Once you have the basics down, you might consider learning about more advanced investing strategies. However, learning about the basics first is important so you don't get inundated with information. Delayed gratification When you invest, you aren't investing for today. Instead, you are investing for the years and decades ahead. Chances are, a large portion of your investments will go toward your retirement so you can retire comfortably. The challenge this presents is one of delayed gratification. It takes a huge amount of patience to see your efforts pay off. For the first several years or even the first decade, it may seem like your investments are barely growing. For example, consider the following example from a compound interest calculator: Initial investment: $0 Monthly contribution: $500 Time horizon: 30 years Average annual return: 7% Annual compounding At the end of year five, you will have contributed $30,000, and your portfolio will be worth $34,504, or less than $5,000 in interest. After year 10, you invested $60,000, and your portfolio is worth $82,898, or just over $20,000 of interest. But by the end of year 20, you've contributed $120,000, and your portfolio is worth $245,972, or over $125,000 of interest. In this example, it takes 20 years, but your interest eventually starts to outpace your contributions. Of course, these numbers vary, but generally, your hard work and dedication will start to pay off after several years. MORE: How to turn $1,000 into $1 million, according to a top wealth advisor Financial challenges In reality, most of the challenges of starting your journey to $100,000 are psychological. However, there can also be practical challenges. The most obvious of these is starting with nothing financially. When you have to build wealth from scratch, it can take a long time to get real traction. The best way to overcome this is to consistently make contributions. Anything is better than nothing, and if possible, you should also work to increase your income so you can increase your monthly contributions. Another challenge might be the impact of small mistakes in the beginning. For example, you might modify your portfolio frequently in an effort to find the 'perfect' strategy. However, this can lead to penalties, capital gains tax or fees. These things cut into your returns, so it's best to find a strategy that works and stick to it. Tips for reaching the first $100,000 There are many ways to reach your first $100,000 more quickly. However, a few basic concepts can go a long way in helping you speed things up: Start early: We can't turn back time, but if you are early in your career right now, this is the time to start. If you don't have a lot of money to invest, plenty of online brokers let you start investing with very small amounts. Even if you are starting with $10 per month, you should still get started due to the time value of money. Stay consistent: One key to saving your first $100,000 is to stay committed. 'Investing a small amount every month is better than waiting to invest until you have a large sum,' Dunlap says. Dunlap added that this consistency shouldn't change even when you reach $100,000. The only difference is you will have compounding to help your money grow faster. Diversify your investments: You have probably heard that you shouldn't put all your eggs in one basket, and this very much applies to investing. You should diversify your portfolio, or invest in many companies, and also consider investments like bonds and real estate. And don't forget to maintain a small amount of cash in a high yield savings account so you can invest in future opportunities quickly. Talk to a professional: Educating yourself about investing is a great idea, but it always helps to get a professional opinion. A financial advisor can help you determine your financial goals and develop a custom portfolio to help you meet them. Remember, investing is not a way to get rich overnight. It generally takes years of hard work and dedication, but the payoff could be a financially secure retirement. Get started: Match with an advisor to help you achieve your financial goals Bottom line Investing your first $100,000 can be incredibly challenging, especially if you don't have money to start. You must overcome various psychological and financial challenges, and some investors give up because it seems too difficult. However, staying committed and reaching that first $100,000 invested can help you reach a tipping point where your investments start to take on a life of their own. Getting there isn't easy, but it can lead to a financially secure future, which is well worth the effort. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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an hour ago
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Ohio's First Financial expands Chicago footprint in $142M deal
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Cincinnati-based First Financial Bancorp has agreed to buy Burr Ridge, Illinois-based BankFinancial Corp. in an all-stock transaction valued at $142 million, the companies said Monday. The transaction, expected to close in the fourth quarter, would add 18 retail locations to First Financial's Chicago area footprint. The deal comes roughly a month and a half after First Financial said it would buy Cleveland-area lender Westfield Bancorp for $325 million. The Westfield acquisition also is set to close in the fourth quarter. Dive Insight: The BankFinancial deal would add consumer banking to the commercial services the acquirer offers to Chicago-area businesses, Archie Brown, First Financial's CEO, said Monday. 'The addition of BankFinancial's retail financial centers enables us to continue our Midwest growth strategy and provides Chicago clients a broader range of banking and specialty solutions to help them meet their financial goals,' Brown said in a prepared statement. 'This partnership is truly complementary to our existing Chicago presence and provides capacity for incremental growth in the market.' BankFinancial's consumer, trust and wealth management, and selected commercial credit lines will be incorporated into First Financial's business lines, while all BankFinancial bank employees will transition to become First Financial associates. Morgan Gasior, BankFinancial's chair, said First Financial is 'ideal' to continue the lender's legacy. 'We look forward to being part of First Financial's continued success as we expand the scope of our financial services to our customers and communities,' Gasior said in a statement Monday. Under the terms of the deal, each outstanding share of BankFinancial common stock will be converted to 0.48 of a share of First Financial common stock. The deal's value was based on First Financial's $23.69 closing price from Friday. The BankFinancial acquisition is set to add $1.4 billion in assets, $1.2 billion in deposits and $800 million in loans to the Ohio lender. After the merger, all locations are expected to remain open, while the branches will be rebranded as First Financial, Raymond James analysts noted. First Financial already counts $18.6 billion in total assets, $14.4 billion in deposits, $11.8 billion in loans and $2.6 billion in shareholders' equity. The asset total does not consider the Westfield deal. 'While First Financial's pending acquisition of Westfield Bancorp is also expected to close 4Q25, we do not expect regulatory issues with the dual pending deals, perhaps a sign of things to come for the industry,' Raymond James analysts wrote in their research notes Monday. They also highlighted that the deal is expected to be received favorably by investors given 'the easily digestible nature of the deal and modest price.' 'Though not a material boost to [earnings per share], the acquisition adds core funding capabilities to First Financial's already-strong business, with BankFinancial's existing branch presence and solid core deposit franchise complementing First Financial's commercial lending capabilities in the Midwest,' Raymond James analysts wrote, adding that BankFinancial's assets will be significantly repositioned with plans to restructure the multifamily loan portfolio (61% of loans) and securities book. The deal is expected to be accretive to First Financial's earnings per share, while First Financial's tangible book value per share is estimated to remain approximately unchanged at closing, according to the press release. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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2 hours ago
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$500M Flows Into GLD
Top 10 Creations (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 1,751.95 653,688.07 0.27% QQQ Invesco QQQ Trust Series I 1,407.71 364,970.68 0.39% VOO Vanguard S&P 500 ETF 796.56 720,738.63 0.11% IVV iShares Core S&P 500 ETF 672.18 651,534.22 0.10% GLD SPDR Gold Shares 500.12 105,211.74 0.48% IBIT iShares Bitcoin Trust ETF 359.98 86,527.76 0.42% SGOV iShares 0-3 Month Treasury Bond ETF 326.54 54,311.82 0.60% VCSH Vanguard Short-Term Corporate Bond ETF 301.58 37,885.68 0.80% BIV Vanguard Intermediate-Term Bond ETF 285.46 24,306.42 1.17% ETHA iShares Ethereum Trust ETF 254.73 12,345.69 2.06%Top 10 Redemptions (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change XLC Communication Services Select Sector SPDR Fund -936.63 27,000.92 -3.47% SOXL Direxion Daily Semiconductor Bull 3x Shares -311.45 12,364.21 -2.52% XLI Industrial Select Sector SPDR Fund -293.87 22,843.27 -1.29% XLF Financial Select Sector SPDR Fund -259.16 51,492.46 -0.50% UPRO ProShares UltraPro S&P500 -231.99 4,383.06 -5.29% EWJ iShares MSCI Japan ETF -140.49 15,770.27 -0.89% SPHQ Invesco S&P 500 Quality ETF -122.32 14,701.44 -0.83% VOX Vanguard Communication Services ETF -122.09 5,357.61 -2.28% JNK SPDR Bloomberg High Yield Bond ETF -115.93 8,083.91 -1.43% INDA iShares MSCI India ETF -93.74 9,548.90 -0.98%ETF Daily Flows By Asset Class Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 28.84 10,592.19 0.27% Asset Allocation 34.11 26,644.41 0.13% Commodities E T Fs 658.77 230,361.62 0.29% Currency 877.94 181,232.35 0.48% International Equity 818.06 1,945,382.90 0.04% International Fixed Income 910.10 313,796.83 0.29% Inverse -18.90 14,453.66 -0.13% Leveraged -310.56 146,740.72 -0.21% Us Equity 3,838.87 7,360,898.64 0.05% Us Fixed Income 2,088.98 1,741,087.71 0.12% Total: 8,926.21 11,971,191.04 0.07%Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
