Core Insights - Ayrshire Capital Management LLC increased its position in Blackstone by 28,448 shares during Q3 2025, bringing its total holdings to 42,892 shares valued at approximately $4.87 million [1][2][8] - Blackstone's stock price as of October 20, 2025, was $160.44, reflecting a 6.05% decline over the past year and underperforming the S&P 500 by 17.65 percentage points [2][3] - The company reported trailing twelve-month revenue of $11.58 billion and net income of $2.86 billion for the period ended June 30, 2025 [3][4] Company Overview - Blackstone is a leading global alternative asset manager with a diversified platform that includes real estate, private equity, hedge funds, and credit [5][6] - The company has a market capitalization of $192.54 billion and offers a dividend yield of 2.66% as of October 21, 2025 [3][4] Recent Performance - Blackstone's assets under management (AUM) rose 12% year over year to a record $1.2 trillion [10] - Distributable earnings increased 48% year over year to $2 billion, while fee-related earnings rose 26% year over year to $1.5 billion [10] - Despite a decline in sales from $3.7 billion in 2024 to $3.1 billion in Q3 2025, the company's return on equity has been steadily rising [9][11] Investment Implications - Ayrshire's significant increase in Blackstone holdings suggests a bullish outlook on the company, indicating confidence in its long-term performance [8][11] - The current stock price decline may present a buying opportunity for long-term investors [11]

Core Insights - The United States added 379,000 new millionaires last year, equating to over 1,000 new millionaires daily [1] Investment Challenges for New Millionaires - Newly wealthy individuals face the challenge of growing and protecting their wealth, as many lose fortunes due to poor financial decisions [2] - Common mistakes include poor tax planning, ignoring conventional investment strategies, and feeling obligated to invest in family or friends' businesses [3] Poor Tax Planning - Effective investing requires attention to tax implications, as failing to adopt tax-efficient strategies can erode wealth over time [4][5] - Investors with large dividend-paying stock portfolios may overlook tax consequences, leading to substantial annual tax bills that diminish overall returns [5] Ignoring Conventional Investment Strategies - New millionaires often deviate from traditional investment models, favoring cryptocurrency, real estate, private equity, and startups over stocks and bonds [6] - This shift reflects a desire to challenge conventional wisdom, but it may compromise long-term financial security [7] Feeling Obligated to Invest in Family/Friend Businesses - Newly wealthy individuals often receive investment opportunities from friends and family, necessitating caution in these decisions [8]

The average investor by definition does not need alternative assets in their portfolio. I'm not saying it's going to hurt them black and white. I'm not saying it's going to hurt them if they have it. I'm saying they don't actually need it. >> My evidence is the last uh I don't know 100 years they haven't had access to it.Um we have trillions of dollars in 401k balances and in many cases individual investors have substantially outperformed professional investors mostly because they kept cost low. They kept i ...

[Music] Welcome to Stocks and Translation, Yahoo Finance's video podcast that cuts through the market mayhem, the noisy numbers, and the hyperbole to give you the information you need to make the right trade for your portfolio. I'm Jared Blickery, your host. And with me is Yahoo Finance's Brooke Depal, who's here to connect the dots and to be your personal bridge between Wall Street and Main Street.And today we're going to be looking into the recent bullish price action in technicals and stocks and crypto a ...

Gold soared to a fresh record, putting an exclamation point on the headlong investor rush into alternative assets amid concerns about the value of the U.S. dollar. ...

Core Insights - The article discusses the financial struggles of a high-earning couple, Jeff and Susan, despite their substantial income, highlighting the impact of financial advisor fees on their wealth accumulation [5][9][10] - It emphasizes the importance of understanding fee structures in financial advising, particularly the drawbacks of percentage-based fees on assets under management (AUM) [2][6][20] Financial Advisor Fees - Traditional financial advisors typically charge fees ranging from 0.5% to 2% of AUM, which can lead to significant costs over time [6] - Jeff and Susan currently pay approximately $6,000 annually in fees, which could escalate to around $2,054 monthly in 35 years if their portfolio grows without further contributions [10] Psychological Factors - The article notes that psychological issues related to money can affect spending habits, regardless of income level, as illustrated by Jeff and Susan's financial behavior [3][4] Alternative Investment Strategies - The article suggests that Jeff and Susan could benefit from investing in low-cost ETFs or index funds to reduce fees while achieving similar returns [10] - It also introduces alternative investment options such as commercial real estate through First National Realty Partners (FNRP) and art investments via Masterworks, which provide opportunities for diversification and potential appreciation [12][14][16] Recommendations for Switching Advisors - The article advises clients to communicate their decision to switch financial advisors clearly, emphasizing the need to move away from percentage-based fees towards flat fee structures [19][20]

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) may be entering a decisive phase as macro and crypto-specific forces converge. With the U.S. government shutdown and traditional market indicators like employment reports delayed, traders are leaning into alternative assets, especially bitcoin and gold. BTC climbed to $120,000 after rallying 9% this week, while gold rose 2.9% to touch $3,900. The shutdown has furloughed over 90% of SEC staff and left the CFTC with a skeleto ...

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 wasn't doing much Thursday, the second day of the federal government shutdown. The broad market index started the day modestly higher, touching a new all-time intraday high, before fizzling a bit and trading near the flatline. Treasury Secretary Scott Bessent telling CNBC that the shutdown may dent gross domestic pr ...

Group 1 - An executive order by President Trump allows alternative assets like private credit, private equity, and cryptocurrencies in 401(k) and tax-advantaged retirement accounts, aiming to democratize investment access [1] - Retail investors are increasingly interested in alternative assets, with a survey indicating that 21% have considered them and 5% plan to invest, primarily for diversification beyond traditional stocks and bonds [3] - Experts warn that alternative assets may carry complex and less transparent risks, which might not be suitable for all investors [3] Group 2 - Private market funds often promote higher return potential compared to traditional investments, but these can mask high fees, limited liquidity, and inconsistent performance [4] - As of May 2025, only 2 out of 14 private equity and venture capital funds tracked by Morningstar have outperformed the S&P 500 since inception [5] - Typical private equity fees range from 1% to 2.5% in annual management fees, plus performance fees of 20% or more [5]

Group 1 - The executive order signed by President Trump allows Americans to include alternative assets such as cryptocurrency, real estate, and private equity in their 401(k) retirement savings [1][2] - This order is seen as a significant win for the cryptocurrency industry, which has been advocating for the inclusion of private assets in retirement plans [2][4] - Following the announcement, the price of bitcoin increased by 1% in the stock market, indicating a positive market reaction [2] Group 2 - The executive order opens up a "huge new pool" of retirement funds for alternative asset managers, allowing for greater diversification in retirement portfolios [4] - However, private companies are not mandated to include cryptocurrency in their 401(k) plans, and they must assess the associated risks and liabilities before doing so [5] - The incorporation of alternative assets into retirement accounts is expected to be a gradual process, with traditional index funds being recommended for the average investor [7]