Latest news with #wealth
Yahoo
4 hours ago
- Business
- Yahoo
StanChart sets $1.3 billion buyback after H1 profit beats handily
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered (StanChart) reported on Thursday its first-half pretax profit rose 26%, beating analysts' estimates, as a strong performance in the wealth, markets and global banking businesses boosted revenue at the lender. StanChart, which earns most of its revenue in Asia and Africa, said the reported pretax profit for the first six months of this year reached $4.38 billion. That compared with $3.49 billion a year earlier and the $3.83 billion average of 15 analyst estimates compiled by the bank. The London-headquartered lender also announced a further $1.3 billion share buyback that it said would start imminently. Despite the strong performance, StanChart kept its key performance targets largely unchanged, saying the global economy could suffer from the broader fallout of U.S. President Donald Trump's trade wars. The emerging markets-focused bank slightly raised its guidance for income this year, saying it now expected growth to be at the bottom of a 5%-7% range rather than below it. The lender also appeared to dodge the multi-billion dollar China-related write-downs which blighted rival HSBC's results on Wednesday, with StanChart reporting an impairment charge for the first half of $336 million, mainly from its wealth and retail banking unit. Sign in to access your portfolio
Yahoo
4 hours ago
- Business
- Yahoo
StanChart sets $1.3 billion buyback after H1 profit beats handily
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered (StanChart) reported on Thursday its first-half pretax profit rose 26%, beating analysts' estimates, as a strong performance in the wealth, markets and global banking businesses boosted revenue at the lender. StanChart, which earns most of its revenue in Asia and Africa, said the reported pretax profit for the first six months of this year reached $4.38 billion. That compared with $3.49 billion a year earlier and the $3.83 billion average of 15 analyst estimates compiled by the bank. The London-headquartered lender also announced a further $1.3 billion share buyback that it said would start imminently. Despite the strong performance, StanChart kept its key performance targets largely unchanged, saying the global economy could suffer from the broader fallout of U.S. President Donald Trump's trade wars. The emerging markets-focused bank slightly raised its guidance for income this year, saying it now expected growth to be at the bottom of a 5%-7% range rather than below it. The lender also appeared to dodge the multi-billion dollar China-related write-downs which blighted rival HSBC's results on Wednesday, with StanChart reporting an impairment charge for the first half of $336 million, mainly from its wealth and retail banking unit. 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
Yahoo
9 hours ago
- Business
- Yahoo
Even High Earners Mess Up: Their Most Expensive Money Mistakes Revealed
Everyone makes money mistakes, and if you learn from enough people, you can avoid common pitfalls on the path to wealth. Financial blunders aren't limited to people who don't have enough money to cover their expenses. Many high earners have also made mistakes with their money, and many of them turned to Reddit to share things they did wrong. "Two high growth years of compound interest lost because I wasn't paying attention to my accounts," one high earner said. These are some of the other expensive money mistakes that came up. Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— $100k+ in investable assets? – no cost, no obligation. Thinking You Can Beat The Market Many Redditors regret trying to beat the market. One of the top comments came from someone who said they used to buy individual stocks but now stick with ETFs. While it's possible to beat the stock market, ETFs make it easier to achieve market returns. A fund manager handles everything for you, and you only have to pay a small expense ratio. Investors can choose from many ETFs that track popular benchmarks like the S&P 500 and Nasdaq Composite. You can save time and generate higher returns with an ETF. Many high earners mentioned this money mistake, but individual stocks weren't the only culprit. Options trading, special purpose acquisition companies, and angel investing are some of the ways people have tried to beat the market. Several high earners regretted dabbling in those areas. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Divorces Are Costly Divorces came up a lot in this Reddit thread. Some people were grateful that their spouse was able to communicate how they wanted to divvy up assets without getting lawyers involved. However, others mentioned that both spouses were paying lawyers $500 per hour because they couldn't have a conversation about it. Marriage is a wonderful thing if you find the right partner. These divorce stories shouldn't deter people from seeking marriage, but they should make them extra careful about who they marry. Knowing the financial devastation that can take place if you choose the wrong partner is healthy. It may also be beneficial to sign a prenuptial agreement before getting married. That way, there is a clear framework for what happens in the worst-case scenario. Very few people marry with the intent of getting divorced, but people can change a lot in a few years. That's why a prenuptial agreement can be Taking Money Seriously Right Away One of the most common money mistakes that came up was people who regretted not taking money seriously earlier. A few high earners lamented about not taking money seriously until their late 20s. Other people commented by saying they didn't take money seriously until their 30s and 40s. Compound growth is one of the best resources for people who want to build long-term wealth and retire on big nest eggs. Your portfolio can compound over time and eventually outpace your salary. For instance, a $5 million portfolio with a 4% yield brings in $200,000 per year. That's more than what most people make. A $5 million portfolio doesn't come overnight. It takes many years of diligently saving and investing money. Many high earners encouraged people to start investing now instead of putting it off. Read Next: Here's what Americans think you need to be considered wealthy. Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Even High Earners Mess Up: Their Most Expensive Money Mistakes Revealed originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Bloomberg
17 hours ago
- Business
- Bloomberg
Allegra Stratton: The UK is Already Braced for Reeves' Budget
By Today the Readout brings you a tale of those leaving, as well as those resolutely staying in. We have more evidence that the UK wealth creators are off, with news that Tony Chedaroui's hedge fund Tyrus Capital is leaving London for the UAE. There's also a brilliant piece by Bloomberg's Opinion's Marcus Ashworth and Andrea Felsted running the rule over the British public's spending patterns.
Yahoo
a day ago
- Business
- Yahoo
How Much Will a $10,000 Investment in Bitcoin Be Worth in 10 Years? Here Are 3 Possible Answers.
Key Points The bear case for Bitcoin involves the crypto failing to live up to expectations and becoming irrelevant. A continuation of recent trends, mainly more capital flowing to Bitcoin from different market participants, supports a base case. If Bitcoin becomes more entrenched in people's daily financial lives, its price could be well into the millions. 10 stocks we like better than Bitcoin › With a trailing 10-year return of 40,000% (as of July 25), Bitcoin (CRYPTO: BTC) has been a monster wealth creator. Had you invested $10,000 in this top digital asset in late July 2015, you would be staring at a balance of $4 million in your portfolio today. That's an unbelievable gain. Bitcoin is not far off its peak, with the cryptocurrency trading at more than $117,000. If you invest $10,000 in Bitcoin today, how much will it be worth in 2035? There are three possible answers. Bear case: lower than $100,000 The bear case, which I view as an unlikely, would require the progress we've seen to reverse course. This pessimistic outcome would involve governments banning it, particularly the U.S. That seems like a low-probability event, given how much the White House has embraced Bitcoin. But Bitcoin could fall victim to advancements in quantum computing that could crack the crypto's public key cryptography. This could expose the network to hackers who want to steal private keys and take investors' crypto. There could also be competition from other cryptocurrencies that pop up. Or maybe Bitcoin just doesn't gain broader adoption as many hope, which would lead to it becoming irrelevant. If these things play out, I wouldn't be surprised if Bitcoin's price falls below $100,000 in 2035. Base case: between $600,000 and $1.2 million It's time to be more optimistic. During the next decade, Bitcoin will become more popular among market participants, namely individual and institutional investors, corporations, and governments. This would simply be a continuation of the trends that are already happening, supported by a more favorable regulatory backdrop. Perhaps Bitcoin also makes progress as a more widely used medium of exchange, something critics argue won't happen. Further development of the Layer-2 scaling solution known as the Lightning Network could help in this regard, speeding up the network's transactions and reducing user costs. The base case has Bitcoin's price reaching between $600,000 and $1.2 million in 10 years, or five- to 10-fold higher than today. This is a realistic outcome. Bull case: $5 million A lot of variables need to fall into Bitcoin's favor for the bull case to become a reality. One possibility is that central banks start to own Bitcoin as a reserve asset. Right now, no central bank does this. But it could introduce tremendous demand for Bitcoin, pushing the price up to unseen levels. Bitcoin's progress as a medium of exchange, particularly if it becomes more entrenched in the payments system, would boost its usage. If we start to use Bitcoin to pay for things on a daily basis, the price will surge. What's more, the financial ecosystem of Bitcoin-related products and services could keep expanding. This extremely bullish outlook would see Bitcoin's price get to $5 million or more in 10 years. Somewhere in the middle Running these types of scenario analyses can be incredibly valuable. It helps investors figure out what could happen, thinking through different variables that can affect Bitcoin's price. It's always a smart idea to take predictions with a grain of salt. However, I'm certain Bitcoin won't generate another 40,000% gain in the next decade. The base case seems the most realistic, in my opinion. It would only require a continuation of the factors we're already seeing play out, like Bitcoin finding its way into more portfolios and continuing progress with the Lightning Network. Bitcoin's trajectory during the past 15 years, being able to always bounce back from the lows and navigate various macro and industry disruptions, gives me confidence that it isn't going anywhere, rendering the bear case as a very unlikely scenario. And when it comes to the bull case, this could happen decades down the line. Based on this perspective, a $10,000 investment in Bitcoin today could be worth $50,000 to $100,000 by 2035. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin 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 $633,452!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,083,392!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 183% 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 July 29, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. How Much Will a $10,000 Investment in Bitcoin Be Worth in 10 Years? Here Are 3 Possible Answers. was originally published by The Motley Fool 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
