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Investment Ideas: Where to Invest $10,000 After the Pandemic – Bloomberg

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“Where am I going to find the next Airbnb or Uber? The next big investment opportunity?”

That’s the question I hear time and again in this recovering economy. Yes, the latest U.S. jobs report was underwhelming. The supply chain crisis has finally hit the world’s most valuable company: Apple. And inflation has even arrived in deflation-prone Japan.

But a recovery — choppy as it may be — is no doubt underway, at least in the corporate world. The global recovery after the 2008 financial crisis was uneven, but some of the hottest companies on the planet right now arose out of that era because they picked up on trends that would dominate the next decade.

“An unintended consequence of the housing crisis is that we created an entire generation of people who didn’t want to own things,” said Leah Bennett, president of Westwood Wealth Management. “That’s when Airbnb and Uber took off.”

So, what are the unintended consequences of Covid-19? Where do you invest?

We asked five veteran money managers about their best investment ideas for people who have $10,000 to put into the market right now in the latest edition of our quarterly “Where to Invest $10,000” series. 

Russ Koesterich, a portfolio manager with BlackRock Global Allocation Fund, says that U.S. consumers are in the best shape they’ve been in decades. 

Some experts think it’s time to push further into equities. One strategist has his eye on Asian stocks, whose valuations are already pricing in more potential bad news from the region. Another sees promise in Latin American equities, particularly those in Chile. Find out why.

And the next Uber? Bennett, of Westwood Wealth Management, has good feelings about commercial kitchens and restaurants. The space is rapidly moving toward automation and has been highly disrupted. Sound appetizing to you? — Charlie Wells

Don’t Miss

Opinion

In Bloomberg Opinion this week, Mark Gilbert says hedge funds are feasting on ESG’s profit leftovers:

Asset managers are under increasing pressure to stop investing in companies that worsen the climate emergency through heavy carbon emissions. But recent events suggest that engaging with these companies beats disinvestment as a strategy to improve their environmental performance.

Read his full argument here.

You Ask, We Answer

I’m in my mid-20s. Ever since graduating from undergrad, I’ve been thinking about pursuing a masters in either information systems or an MBA. For those of you who have a masters, was it worth going into debt for? Did you get a big enough pay increase? Did it open up more job opportunities for you? — Imani Porter, 25, Washington D.C.

Think of the Masters in Information Systems as a technical specialization and the MBA as a career versatility degree. If you love IT, then the best MIS programs provide high placement rates into a faster-than-average-growth sector, with average starting salaries of around $85,000. Given annual tuitions of $19,000-$25,000, the ROI on your one-to-two-year in this field is good. If you seek broader career options, then the most prestigious MBA programs offer high job placement rates, excellent average starting salaries above $150,000 (increasing 1%-7% annually), and a broader range of employers. Top MBAs cost much more than MIS degrees, roughly $100,000 annual total cost for a two-year degree – but high salaries mean top salary-to-debt ratios of two-to-one and thus good ROI. But keep in mind that getting into a top program and landing a high-paying job is no easy feat in any economy. — Paul Bodine, Founder & President, Admitify.com

Send us questions about your own financial dilemmas to bbgwealth@bloomberg.net.

Coming up

  • It’s a bumper week for bank earnings. Wells Fargo, Citigroup and Morgan Stanley report today. Goldman Sachs reports tomorrow.
  • The deadline for U.S. taxpayers who got an extension this year is Friday. Looking at you, Lisa.
  • That’s the same day the contactless card payment limit increases to 100 pounds ($137) in Britain.

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    New York directs two cryptocurrency lending platforms to cease activity

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    Two cryptocurrency lending platforms were asked to cease activities in New York by the state’s attorney general on Monday and three other platforms were directed to provide information about their business.

    The move comes weeks after New York Attorney General Letitia James won a court order forcing the closure of cryptocurrency exchange Coinseed.

    In a redacted version of a letter dated Monday, James said the Office of the Attorney General “was in possession of evidence of unlawfully selling or offering for sale securities and/or commodities”.

    Regulators in the U.S. have been ratcheting up scrutiny of a world that has so far existed in a regulatory gray area, against the backdrop of rising tension between the crypto industry and regulators worldwide.

    James filed a lawsuit in February to shut down Coinseed for allegedly defrauding thousands of investors, including by charging hidden trading fees and selling “worthless” digital tokens.

    The state’s attorney general warned investors about “extreme risk” when investing in cryptocurrency and issued warnings to those facilitating in the trading of virtual currencies.

    “Cryptocurrency platforms must follow the law, just like everyone else, which is why we are now directing two crypto companies to shut down and forcing three more to answer questions immediately,” James said on Monday.

     

    (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta)

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    Breakdown of China's Jan-Sept property investment – Financial Post

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    Article content

    BEIJING — Following is a breakdown of China’s real estate investment for the year to September, published by the National Bureau of

    Statistics on Monday.

    Actual investment in the sector (bln yuan, pct

    change y/y):

    Jan-Sep Jan-Aug Jan-Jul Jan-Jun Jan-May Jan-Apr Jan-Mar Jan-Feb Jan-Dec Jan-Nov Jan-Oct Jan-Sep

    Level 11256.8 9806 8489.5 7217.9 5431.8 4024 2757.6 1398.6 14144.3 12949.2 11655.6 10,348.40

    Change 8.8 10.9 12.7 15 18.3 21.6 25.6 38.3 7 6.8 6.3 5.6

    Floor space under construction (mln

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    sqm, pct change y/y):

    Jan-Sep Jan-Aug Jan-Jul Jan-Jun Jan-May Jan-Apr Jan-Mar Jan-Feb Jan-Dec Jan-Nov Jan-Oct Jan-Sep

    Level 9280.65 9099.92 8918.8 8732.51 8399.62 8185.13 7983.94 7706.29 9267.59 9024.25 8801.2 8,598

    Change 7.9 8.4 9 10.2 10.1 10.5 11.2 11 3.7 3.2 3 3.1

    Floor space newly started for construction (mln

    sqm, pct change y/y):

    Jan-Sep Jan-Aug Jan-Jul Jan-Jun Jan-May Jan-Apr Jan-Mar Jan-Feb Jan-Dec Jan-Nov Jan-Oct Jan-Sep

    Level 1529.44 1355.02 1189.48 1012.88 743.49 539.05 361.63 170.37 2244.33 2010.85 1807.2 1,601

    Change -4.5 -3.2 -0.9 3.8 6.9 12.8 28.2 64.3 -1.2 -2 -2.6 -3.4

    PROPERTY SALES

    Property sales measured by floor space (mln sqm,

    pct change y/y):

    Jan-Sep Jan-Aug Jan-Jul Jan-Jun Jan-May Jan-Apr Jan-Mar Jan-Feb Jan-Dec Jan-Nov Jan-Oct Jan-Sep

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    Level 1303.32 1141.93 1016.48 886.35 663.83 503.05 360.07 173.63 1760.86 1508.34 1332.9 1,170.70

    Change 11.3 15.9 21.5 27.7 36.3 48.1 63.8 105 2.6 1.3 0 -1.8

    Property sales by value (bln yuan, pct

    change y/y):

    Jan-Sep Jan-Aug Jan-Jul Jan-Jun Jan-May Jan-Apr Jan-Mar Jan-Feb Jan-Dec Jan-Nov Jan-Oct Jan-Sep

    Level 13479.5 119040.7 10643 9293.1 7053.4 5360.9 3837.8 1915.1 17361.3 14896.9 13166.5 11,565

    Change 16.6 22.8 30.7 38.9 52.4 68.2 88.5 133 8.7 7.2 5.8 3.7

    SOURCE OF MONEY INTO

    PROPERTY

    Sources of funds raised (bln yuan, pct

    change y/y):

    Jan-Sep Jan-Aug Jan-Jul Jan-Jun Jan-May Jan-Apr Jan-Mar Jan-Feb Jan-Dec Jan-Nov Jan-Oct Jan-Sep

    Total 15148.6 13436.4 11897 10289.8 8138 6354.2 4746.5 3056 19311.5 17109.9 15307 13,637.60

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    Change 11.1 14.8 18.2 23.5 29.9 35.2 41.4 51.2 8.1 6.6 5.5 4.4

    Loans 1877 1691.8 1540.2 1346.5 1087.3 904.3 722.2 520.1 2667.6 2425.6 2237.8 2,048.40

    Change -8.4 -6.1 -4.5 -2.4 1.6 3.6 7.5 14.4 5.7 5.4 5.1 4

    Own fund 4721.2 4077.3 3553.3 3015.3 2268.6 1716.7 1301.5 826.8 6337.7 5666.6 5004.5 4,448.50

    Change 6.1 9.3 10.9 11.9 12.8 15.4 21 34.2 9 7.9 6.5 5.9

    Foreign 5.9 5.3 4.4 4.2 2.5 1.7 1.1 1 19.2 15.4 11.1 9.4

    funds

    Change -36.9 -47.5 -44.4 -9.1 -26.5 -28.3 -41 -14 9.3 -4.7 -15.2 -9.5

    Mortgage 2412.4 2149 1895.3 1635.5 1340 1073.8 784.3 496.1 2997.6 2698.3 2431.2 2,178.30

    Change 10.7 13.4 17 23.9 32 41.3 50 63.7 9.9 10.6 9.8 9.5

    OUTLOOK INDEX

    Property outlook index (Real Estate

    Climate Index)

    Sept Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Sep

    100.74 100.85 100.99 101.07 101.19 101.3 101.33 101.44 101.11 100.87 100.63 100.57 100.47

    (Reporting by Liangping Gao and Ryan Woo)

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    Crypto investment in mutual funds style: Mudrex launches 'coin sets' – Economic Times

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    New Delhi: Aimed to woo retail players, crypto asset management platform Mudrex has launched ‘coin sets’ allowing investors to invest in a variety of mutual-fund style crypto products.

    It is the first time that such a product has been launched for retail investors. Such investment products were earlier available but accessible only to HNIs and institutional investors.

    Y Combinator and Nexus VP-backed Mudrex is trying to simplify crypto investment by building an easy-to-use product for smaller investors.


    Coin Sets are the basket of crypto tokens, which will be based on a particular theme and investors believe this idea can gradually play on it, growing wealth in the long run.

    For example, the coin set named as ‘DeFi 10’ will include top 10 DeFi (Decentralised Finance) tokens. Similarly, the coin set of ‘NFT’ will be a basket of the top NFT projects.

    The coin sets are created and managed by experts from the Mudrex team. The team will take care of fund allocation, weightage, order execution and periodic rebalancing.

    The product will help investors manage potential risks by diversifying their portfolios into different cryptocurrencies and reap above-average returns.

    Edul Patel, CEO & Co-founder of Mudrex, said the platform is looking to bring ease and simplify investing in crypto for new investors. Coin Sets is a product that will allow investors to mitigate risks by diversifying investment in cryptocurrencies.

    “It is a mutual fund-like product with a better risk-reward ratio, curated suitably for investors who look at crypto investments as a long-term wealth creation option. The product is likely to boost retail participation in cryptos,” he added.

    With an asset under management of more than $15 million, Mudrex recently raised $2.5 million funding from Nexus Venture Partners, Village Global, Kunal Shah and others. Launched in 2018, Mudrex has a user base across 90 countries.

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