Investing Like Wealthy People
Photo by Shane / Unsplash

Investing Like Wealthy People

And, iPhone factory’s special visitor.

Steven Lerner
Steven Lerner

Today is Tuesday, February 21, 2023.

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Investing Like Wealthy People

Where are ultra-high-net-worth individuals investing? Travis Forman, the portfolio manager of strategic private wealth at Harbourfront Wealth Management, explains in a new episode of the Early Bird podcast.

Details: Ultra-high net worth investors seek opportunities outside of public equities, such as private real estate and private equity, according to Forman.

Pros and Cons: Forman says that private investments have a lower correlation to stocks, which is good during a down year. But private investments are usually not liquid.

And: Average investors can access these private market investments today. Forman said that the portfolio allocation for alternative investments depends on the risk tolerance of the investor and the time horizon for when the investor needs the money.

Final Thoughts: What advice does Forman have for investing just like ultra-high net worth investors? Find out by listening to a new episode of the Early Bird podcast.


Notable Earnings Today: Home Depot (NYSE: HD), Walmart (NYSE: WMT), Coinbase Global (Nasdaq: COIN), Palo Alto Networks (Nasdaq: PANW), Medtronic (NYSE: MDT), Sandstorm Gold (NYSE: SAND), BioCryst Pharma (Nasdaq: BCRX), Transocean (NYSE: RIG), Teck Resources (NYSE: TECK), Diamondback Energy (Nasdaq: FANG), Trinity Industries (NYSE: TRN), Caesars Entertainment (Nasdaq: CZR), Fluor (NYSE: FLR), Chesapeake Energy (Nasdaq: CHK), Molson Coors Brewing (NYSE; TAP), Toll Brothers (NYSE: TOL), JELD-WEN Holding (NYSE: JELD), Public Storage (PSA), Armstrong World Industries (NYSE: AWI), Realty Income (NYSE: O), Arconic (NYSE: ARNC), Camping World (NYSE: CWH), Elanco Animal Health (NYSE: ELAN),  Esperion Therapeutics (Nasdaq: ESPR), Halozyme Therapeutics (Nasdaq: HALO), Hostess Brands (Nasdsaq: TWNK), Huntsman (NYSE: HUN), Ingersoll-Rand (NYSE: IR), KAR Auction Services (NYSE: KAR), Keysight Technologies (NYSE: KEYS), La-Z-Boy (NYSE: LZB), Louisiana-Pacific (NYSE: LPX), SBA Communications (Nasdaq: SBAC), Tanger Factory Outlet Centers (NYSE: SKT), ZipRecruiter (NYSE: ZIP).

Notable IPOs Today: Etao International Co., Ltd. Ordinary Shares (Nasdaq: ETAO), Toro Corp. Common Stock When-Issued (Nasdaq: TOROV), Castor Maritime Inc. Common Shares Ex-Distribution When Issued (Nasdaq CTRMV).

Notable Equity Crowdfunding Campaigns Ending Today: Orbital Assembly (Netcapital), Mr Bing Foods (Republic), Green Canopy NODE (StartEngine), Carmelitas Tequileria (SMBX), Boone’s Bourbon (Wefunder), Christini EV (StartEngine).

Notable Economic Events Today: Manufacturing PMI (9:45 a.m. ET), Services PMI (9:45 a.m. ET), Existing Home Sales (10:00 a.m. ET).

iPhone Factory’s Special Visitor

(Using a wallpaper also available on my Unsplash :) )
Photo by Drew Coffman / Unsplash

The world’s largest Apple (Nasdaq: AAPL) iPhone factory in China, which was hit by a Covid outbreak last year, is reportedly getting a special visitor this week.

Details: According to a report from Reuters on Monday, Foxconn (TPE: 2354) Chairman Liu Young-way departed today for a four-day inspection of the iPhone factory in Zhengzhou, China. It will be his first visit to the factory as chairman. Foxconn has not commented on the report.

Final Thoughts: Shares of Foxconn are up 9% since January, which is when the factory’s output returned to normal.

Equity Crowdfunding Spotlight: Hardball Cider

Briefly describe your business. Hardball Cider is a craft beverage brand with a portfolio of hard ciders being sold in Pennsylvania, New Jersey, and soon in other surrounding states. Everything is made on our 5th generation-owned family farm with an emphasis on quality.

What are the terms of the investment for your campaign? See StartEngine for more details.

What makes your startup special? Hardball Cider’s business model encompasses multiple revenue streams; including breweries and other wineries in Pennsylvania, in ballparks, casinos, restaurants, and major grocery retailers. Hardball Cider also has wholesale partner distribution.

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Starting Today: FTX Japan to allow asset withdrawals starting Tuesday (Reuters)

Bear the Brunt: Retail Crypto Investors in Emerging Economies Hit Hardest by FTX, Terra Collapses (CoinDesk)

More Information Needed: NHTSA requests info after Tesla crashes into fire truck (TechCrunch)

Just Leave It: Nike's top tech executive, Ratnakar Lavu, resigns (Insider)

Best Fly: United Airlines introduces a new family seating policy (CNN)

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