Latest news with #generationalWealth
Globe and Mail
a day ago
- Business
- Globe and Mail
3 Stocks That Could Create Lasting Generational Wealth
Creating lasting generational wealth is no sure thing, no matter where you put your money. Still, there are investments you can make that are more likely to do better than others because the companies have significant competitive advantages over their peers. Three stocks that fit this description right now are Amazon (NASDAQ: AMZN), Costco Wholesale (NASDAQ: COST), and Berkshire Hathawa y (NYSE: BRK.A)(NYSE: BRK.B). Here's why each one is worth considering when building a long-lasting portfolio. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » 1. Amazon Amazon stock may not get as much attention these days as some high-flying artificial intelligence (AI) stocks, but the company's dominance in both e-commerce and cloud computing -- along with its expanding advertising business -- should push Amazon to the top of your buy list. First, consider that Amazon has about 38% of the U.S. e-commerce market, easily outpacing its next closest competitor, Walmart, which has just over 6% of the market. Amazon has little to worry about as well, with the company currently having about 180 million Prime members in the U.S., who enjoy free shipping and a long list of free services like music and video streaming. And that's not where Amazon's market lead ends. The company is also the largest cloud computing player, with its Amazon Web Services (AWS) business. AWS brought in $11.5 billion in operating income for Amazon in the first quarter, nearly double what the company's U.S. e-commerce platform earned. What's more, Amazon has become an advertising juggernaut. Ad sales reached nearly $14 billion in the first quarter, up 18%. Amazon enjoys a unique position in the ad space because its sales come from sellers placing ads directly on its e-commerce platform or through its video streaming service. This makes its ad revenue the icing on the cake for its already lucrative services. 2. Costco Costco makes it on this list because the company consistently offers value to its customers -- and they keep coming back for more. Costco has 140.6 million cardholders right now, an increase of nearly 7% from the same time last year, and its membership renewal is an enviable 93%. American consumers have fluctuated back and forth between being very concerned about the state of the economy when tariffs were first announced, but have recently regained some optimism. Similarly, some of the most pessimistic forecasts for a potential recession this year have been walked back, with J.P. Morgan lowering the odds from 60% down to 40% now. But no matter what happens with the economy, Costco customers of all income levels seem to be drawn to the store for its value. More than one-third of the company's customers have household incomes above $125,000, a notable figure that could mean Costco could weather an economic downturn thanks to these higher earners. It's worth mentioning, too, that when consumer sentiment was low earlier this year, Costco's sales still increased 8% in the first quarter, to $62 billion. With its high retention rate, appeal to higher-income households, and its resilience even when the economy is uncertain, Costco has all the right pieces in place to continue being a great stock to hold onto for years to come. 3. Berkshire Hathaway With legendary investor Warren Buffett recently announcing he's stepping away as Berkshire Hathaway 's CEO at the end of this year (he's 94), some investors are no doubt wondering if the company can continue to be a great investment. But there are plenty of things that are working in Berkshire's favor. First, consider that Berkshire is a very well-diversified conglomerate of more than 60 businesses. This means that these companies will continue to function under their current leadership, no matter if Buffett is Berkshire's CEO or not. What's more, Berkshire also benefits from its portfolio of more than 30 stocks with investments totaling about $280 billion. This massive portfolio will continue to be in good hands after Buffett retires, with longtime Berkshire leadership, who've worked under Buffett since about 2010, stepping into the investment roles. And finally, Berkshire has a very substantial $348 billion in cash and cash equivalents, giving the company's upcoming CEO -- longtime executive Greg Abel -- plenty of options at his disposal to continue growing the company. No one likes change, of course, but when you add up all of the above, Berkshire is well-positioned to move into its post-Buffett future. Should you invest $1,000 in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor 's total average return is809% — a market-crushing outperformance compared to175%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. JPMorgan Chase is an advertising partner of Motley Fool Money. Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Berkshire Hathaway, Costco Wholesale, JPMorgan Chase, and Walmart. The Motley Fool has a disclosure policy.
Zawya
4 days ago
- Business
- Zawya
Private Banking from BankDhofar: A bespoke financial experience for the Sultanate's most discerning clients
MUSCAT: One year since its launch in June 2024, BankDhofar's Private Banking segment has continued to set new standards in an increasingly automated financial landscape - offering a high level of personalized, discreet, and refined services that extends well beyond conventional banking. Understanding the ever-increasing levels of sophistication and cross-border requirements of clients, this premium offering from one of Oman's foremost financial institutions sets a new benchmark for bespoke financial and wealth management in the region. At the heart of BankDhofar's Private Banking service is the principle of helping secure legacies through generational partnerships. Recognizing that every client's financial journey is unique, the service is built around a deeply collaborative and client-centric model. Whether it is managing the shift of generational wealth, accessing global investment opportunities, or curating personalized lifestyle experiences, clients benefit from a holistic concierge banking approach tailored to their ambitions. BankDhofar recognizes that its clients place a high value on trust, discretion, and a deeply personalized approach. Its Private Banking service is crafted not only to preserve and grow wealth, but also to simplify financial complexity—offering clients the reassurance and freedom to concentrate on other important aspects of their lives. In an era where much of banking is becoming impersonal and algorithmic, BankDhofar's Private Banking segment places a premium on human relationships. Each client is supported by a dedicated team of seasoned professionals, including wealth advisors and relationship managers who work collaboratively to craft tailored solutions. The offering caters to a broad spectrum of clients—from ultra-high-net-worth individuals, families in business, and corporate entities, to government institutions seeking a trusted partner in prudent asset and capital management. BankDhofar's regional and international suite of onshore and offshore solutions ensures flexibility and discretion, no matter the client's location or lifestyle. Becoming part of Private Banking also comes with a curated set of lifestyle benefits. Newly launched metallic debit and credit cards offer complimentary multi-trip travel insurance and a host of other benefits. Clients also gain access to Private Banking's ARISE Club, a custom-built concierge service which includes complimentary chauffeur services, global VIP access to world class events in music, sport and fashion, as well as a dedicated concierge manager. These services are more than perks—they reflect the caliber of BankDhofar's commitment to a high-touch and high-value client experience. In addition, Private Banking clients enjoy preferential rates on loans and deposits, seamless international banking services with best possible FX rates, and an ecosystem of enhanced support. The Private Banking services are available to clients who can establish and maintain an investment portfolio of OMR 250,000 or maintain a balance of OMR 400,000 (or equivalent in foreign currency). For those seeking more than transactional banking, BankDhofar offers a financial relationship rooted in integrity, expertise, and long-term value creation. To begin your journey with BankDhofar Private Banking or to speak with a Private Banker, please contact our team at [BankDhofar contact information].
Associated Press
06-06-2025
- Business
- Associated Press
SkyGate Growth Strategies Launches Inaugural Webinar Featuring JDS Development CEO Michael Stern
06/06/2025, Miami, Florida // KISS PR Brand Story PressWire // Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules SkyGate Growth Strategies is proud to announce the launch of its SkyGate Webinar Series, kicking off on June 17, 2025, with an exclusive and timely conversation featuring Michael Stern, Founder and CEO of JDS Development Group—one of the most visionary and successful real estate developers in the United States. The inaugural webinar, titled 'Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules' will explore the rapidly growing movement to democratize access to elite investment opportunities, particularly in luxury real estate—an asset class historically dominated by institutional players. Michael Stern has spent his career building iconic, skyline-defining developments across the country. Backed by partnerships with global banks, sovereign wealth funds, and prominent billionaires, JDS Development has delivered a powerful track record of innovation and outsized returns. As the industry evolves, so does Stern's vision. He now sees a future in opening up access to qualified individual investors—allowing them to participate in deals once exclusive to Wall Street titans. Through a new partnership with SkyGate Growth Strategies, JDS is expanding access to its luxury real estate projects to a broader audience of qualified participants, aligning with emerging trends in investor inclusivity. In today's evolving economic climate, there is growing interest in sectors like real estate that offer tangible asset exposure and long-term development potential. This webinar will explore how the democratization of capital is changing the landscape—and why luxury real estate may be the next frontier. Webinar Details: Date: June 17, 2025 Time: 03:00 PM - 04:00PM EST Featured Guest: Michael Stern, Founder & CEO of JDS Development Topic: 'Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules' Register Now: Seats are limited. Accredited investors and forward-thinking professionals are encouraged to reserve their spot early. About JDS Development Group JDS Development Group is a real estate development, construction, and acquisition firm based in New York City and Miami, with a national footprint of iconic projects. Known for pushing the boundaries of architecture, design, and engineering, JDS has delivered some of the most prestigious residential and mixed-use developments in the country—including projects like 111 West 57th Street and Monad Terrace in Miami Beach. The firm is vertically integrated, allowing full control from concept through construction and operations, and has been a trusted partner to global institutions seeking long-term, value-driven returns in luxury real estate. More information: About SkyGate Growth Strategies Skygate Growth Strategies is a next-generation investment platform reshaping how accredited investors access private real estate deals. Designed to bridge the gap between high-performance, institutional-grade assets and a new generation of individual investors, Skygate uses modern technology and trusted partnerships to make it easier for people to learn about and engage with private real estate projects, starting at investment minimums of $25,000. Skygate's mission is to democratize capital, level the playing field, and bring the power of real estate investing to more people—without compromising on quality. Learn more: Forward-Looking Statements This press release may contain forward-looking statements describing future expectations, plans, results, or strategies. These statements are subject to risks and uncertainties that may cause actual outcomes to differ materially from those projected. Changes in product offerings, regulatory plans, and business strategies are potential factors influencing such differences. No investment advice. For informational purposes only. Media Contact: Lola Iparraguirre Skygate Growth Strategies LLC Phone number: 954-710-6630 Email: [email protected]
