Investing Like a Billionaire With the iBillionaire ETF

Investing like a billionaire is about to get a whole lot easier.  On August 1, the  Direxion iBillionaire Index ETF (IBLN) will begin trading.

The ETF — based on iBillionaire’s proprietary index — will run a portfolio of 30 of […] Continue Reading…

Blast from the Past: Walmart Dividend Letter from 1985

I was digging through an old file cabinet that had belonged to my grandfather, and I found this little blast from the past: a Walmart (WMT) letter to shareholders from 1985, signed by Chairman and company founder Sam Walton.

As […] Continue Reading…

VIDEO: Facebook Earnings Impress But Remain Too Dependent on North America

I joined CNBC this evening to discuss Facebook’s earnings release.  You can view the video here.

Facebook (FB) CEO Mark Zuckerberg started his company’s second quarter earnings announcement with what might have been the understatement of the year: “We had […] Continue Reading…

VIDEO: The Apple and IBM Partnership

I joined CNBC’s Bernie Lo this evening to discuss Apple (AAPL) and IBM’s (IBM) announcement that they would be joining forces in the enterprise space.

There is no […] Continue Reading…

Lorillard is a Bad Deal for Reynolds American Investors

And then there were two.  Two of the three remaining American “Big Tobacco” companies announced today that they would be merging: Reynolds American (RAI) will be buying Lorillard (LO) for $27.4 billion, including debt assumed.

Reynolds and Lorillard combined have […] Continue Reading…