Bitcoin’s price fell 64% last year. Prices he fell 19% from November 1 to the end of the year. The action follows CoinDesk’s Nov. 2 report of a “nearly abnormal” relationship between FTX and Alameda Research. Both companies were co-founded by Sam Bankman-Fried, who filed for bankruptcy on November 11th.
However, late Thursday, Genesis Global Capital became the latest major player in the crypto world to file for bankruptcy. A subsidiary of Digital Currency Group, founded by CEO Barry Silbert, Genesis also owns CoinDesk and Grayscale, which manages the Grayscale Bitcoin Trust GBTC.
A fund that invests in Bitcoin with $13.3 billion in assets under management.
GBTC shares are trading at a 40% discount to the fund’s bitcoin holdings as of the close of trading on Jan. 19, according to Grayscale.
In this week’s Distributed Ledger column, Frances Yue looks at how the Genesis bankruptcy will affect the price of Bitcoin, as well as other crypto industry developments.
When should I start receiving Social Security payments?
You can start making Social Security payments at age 62, but you don’t have to start until you’re 70. This raises a difficult question. Take a look at your annual Social Security statement to see the agency’s estimate of how much it will increase each year you’re waiting. There may be:
Should I claim and invest in Social Security at age 62 or wait until age 70?
How should you invest your money for the long term?
Through 2022, the benchmark S&P 500 SPX,
According to FactSet, this was an 18% drop when reinvesting dividends. Again, even including that disastrous year, the average annual return for the index over the 20 years to 2022 was 9.8%.
The type of volatility we’ve seen in 2022 was nothing new, but the temptation to time the market can be hard to avoid. Investors who have been on the sidelines tend to return after a successful market recovery. This means that it is likely to underperform the index in the long run.
As Brett Arends reports, Doug Ramsey, chief investment strategist at Leuthold & Co., designed an all-weather portfolio to facilitate long-term commitment.
Related: 10 simple investments that can turn your portfolio into an income dynamo
How to Get Out of a Difficult Retirement Planning Scenario
Alessandra Malito writes the Help Me Retire column. This week, she helped her 36-year-old man clear his tax-deferred retirement account to raise money to buy his family’s first home. rice field. Now he faces taxes and penalties. Here’s how to reset a retired nest egg and start rebuilding.
Alphabet GOOGL, the Google holding company,
is the latest tech giant to announce layoffs, cutting 12,000 jobs.
Earlier this week, Microsoft MSFT,
confirmed plans to cut 10,000 jobs.
James Rogers constantly monitors tech layoffs.
Career management during layoffs
Here’s what to do if you’re worried about your job and not ready to retire.
Related: For this doctor, retirement is an opportunity to teach, explore and innovate
Investors are happy with Netflix’s changes
Shares of Netflix NFLX,
The streaming pioneer rose 7% in Friday morning trading after growing its subscriber base more than analysts expected. The company also provided strong guidance in the first quarter for a transition period of measures to reduce password sharing. The company’s co-founder, Reed Hastings, will move from CEO to chairman. Current Chief Operating Officers Greg Peters and Ted Sarandos will serve as co-CEOs.
Therese Poletti looks back on 25 years of leadership under Hastings and a smooth management transition.
read: Netflix is making some big changes, but its inventory may need to be ‘paused’
Girl Scouts show the way to financial health
Learning about money, how to save and manage money from an early age is beneficial for everyone. With the help of Charles Schwab SCHW, here’s how his Scouts of Girl are promoting financial literacy.
As reported by Nicole Lyn Pesce.
big bank report
Goldman Sachs Group GS,
This quarter’s financial results seem to have disappointed investors the most among the US ‘Big 6’ banks. Below is industry coverage by Steve Gelsi.
Summary credits: Here’s why Citigroup stock stands out among the largest US banks
Headwind when housing slows down
Following months of rising mortgage rates, there has been a sharp reversal that could boost home sales. As reported by Aarthi Swaminathan, some home builders are offering loan deals at his low interest rate of 3%.
read: Households with incomes above $100,000 are more aggressive in cutting spending. what happened?
What Happens When Shortsellers Get Naked
A short sale is when a trader borrows stock in a company and quickly sells it in the hope that the stock price will fall. If so, the short seller buys the shares at a lower price, returns them to the lender, and pockets the difference. It is You may also have to pay a fee to borrow stocks that have already been sold significantly short.
This causes a naked short — this is when an investor sells a stock short without actually borrowing the stock first. Genius Group’s GNS,
The company’s stock jumped 200% on Jan. 19 after the release of its own research into bare short selling.
Want more from MarketWatch? Sign up for this and other newsletters for the latest news, personal finance and investment advice.