In honor of National Book Lovers Day this coming Saturday, Covestor put together a “top ten” list of books on investing, business and finance — as shared by portfolio managers on Covestor and members of the Covestor senior management team. My recommendation–which is more appropriate now than ever given the recent market volatility–was The Art of...Read More

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 the large-cap S&P 500 stocks most favored by billionaire investors based on their most recent...Read More

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 a child in the 1980s, I actually remember my grandfather proudly showing me a paper...Read More

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 a good quarter.” Indeed, Facebook earnings knocked the cover off the ball.  Earnings came in...Read More

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 question that the move is a positive development for Apple, though it might not necessary lead to a large surge in sales.  Why?  Because Apple’s iPhones and...Read More