Investment Strategy - Piper Sandler focuses on stocks outside the tech sector with similar attributes, such as high earnings growth, profitability, and strong balance sheets [2] - The recipe for outperformance lies in companies with strong fundamentals, applicable across market caps [2] - Diversification is key, rather than concentrating investments in a few mega-cap stocks [6] - Investing in the most profitable names across all 11 sectors has outperformed the tech sector in recent years [5] Tech Sector Analysis - The tech sector offers multiple avenues for outperformance [5] - Discrepancies exist in performance among different groups within tech, such as software and semiconductors [3] - The distinction between hardware and software remains relevant, especially concerning AI disruption [4] Macroeconomic Factors - Scale provides companies with advantages like better access to capital and cost management [8] - Small caps have recently outperformed due to market pricing in interest rate cuts [8] - Small cap sales estimates are still falling, suggesting the outperformance is not due to a broad macro pickup [9]

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The current market has many tech stocks with high growth expectations but little earnings, reflecting a generational gap in investment experience [2] - The article emphasizes a defensive investment strategy with a medium- to long-term horizon [2] Group 2 - The article does not provide specific financial advice or recommendations, encouraging readers to conduct their own due diligence [4][5] - There is a disclosure regarding the author's long position in AMT shares, indicating a personal investment interest [3]

Alternative Investments in 401k Plans - The executive order aims to facilitate access to alternative investments like real estate, cryptocurrency, or private assets within 401k plans [1] - Private assets refer to privately held companies, which constitute the majority of businesses in America [1][2] Financial Planning Considerations - Individuals should assess their current 401k plan, contribution levels, and company matching contributions before considering alternative investments [2][3] - It's crucial to understand financial goals, desired retirement age, and estimated retirement income needs [3] - Ideally, retirement contributions should range from 15% to 20% of gross pay [4] - Maximizing company matching contributions is essential as it represents "free money" [4] Prudent Investment Approach - Before exploring alternative investments, ensure a thorough understanding of the existing 401k plan's contents and contribution strategy [4] - Verify whether the current plan adequately supports the achievement of long-term financial goals [4]

Solid returns here, but the question needs to be asked. With stocks at an all time high. Concerns of sticky inflation and economic weakness.The impact of tariffs. Take your pick. Just how sustainable are those levels of returns.Now, I have to say, this is this is a very strong quarter, and I'm personally quite surprised that markets have done so well and in particular the rebound we've had seen since April. I think it's very, very surprising given everything that's going on in the world. It's surprising.And ...

Investment Strategy - Diversification is crucial for a strong crypto investment strategy [1] - Asset allocation should be done wisely [1]

Smart investment strategies and diversification explained with…dumplings. See how to try and cook up your own recipe for success. Watch now. #investing #strategy Diversification and asset allocation do not ensure a profit or guarantee against loss. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1190929.2.0 ...

If you're new to investing, you can position yourself for success by avoiding these common mistakes, such as failing to diversify your portfolio or ignoring the impact of taxes and expenses. https://t.co/2KjmB7NUWI ...

Core Viewpoint - The article emphasizes the potential investment opportunity in e.l.f. Beauty (NYSE: ELF), highlighting its status as a premium fast-growing company and suggesting that current market conditions present an excellent buying opportunity [1]. Investment Strategy - The investment approach is value-oriented, focusing on acquiring growth stocks that are reasonably valued, aligning with the philosophy of buying wonderful companies at fair prices [1]. - The portfolio is concentrated in 12 to 15 stocks, allowing for in-depth knowledge and strategic trading based on market conditions [1]. Portfolio Performance - The portfolio has shown significant returns over the years, with a total return of 4,114% since inception in 2016, and an internal rate of return (IRR) of 51.54% per year [1]. - Yearly performance highlights include: - 2016: 1.28% return vs. NASDAQ 7.50% - 2017: 49.40% return vs. NASDAQ 28.23% - 2018: 84.91% return vs. NASDAQ -3.88% - 2019: -1.08% return vs. NASDAQ 35.23% - 2020: 173.62% return vs. NASDAQ 43.63% - 2021: 37.84% return vs. NASDAQ 21.40% - 2022: 20.93% return vs. NASDAQ -33.10% - 2023: 87.60% return vs. NASDAQ 43.42% - 2024: 77.98% return vs. NASDAQ 29.83% [1].

Financial Data and Key Metrics Changes - The company reported revenue of $415 million for the first half of 2025, representing a year-on-year growth of 4% [40] - EBITDA grew significantly by 1512% year-on-year, reaching $185 million [39] - Total customer deposits more than doubled to $3.1 billion, with an average deposit per active customer increasing to approximately $17,000 [25][39] - The company ended the period with cash balances of approximately $938 million and no debt, indicating a strong financial position [42] Business Line Data and Key Metrics Changes - Non-OTC revenues accounted for approximately 13% of the group's total revenue in 2025, up from just 1% when the futures business was acquired in 2021 [24] - The futures business saw customer segregated funds grow to approximately $850 million, a 140% increase from the previous year [26] - 66% of OTC revenue was derived from customers who have been trading with the company for over three years, highlighting customer retention [9] Market Data and Key Metrics Changes - The company expanded its operations into new markets, including the UAE and Canada, and secured a new license in Japan [10][20] - The acquisition of MetaEquities in India is expected to enhance the company's presence in a significant market [18][14] - The company operates in over 60 countries, serving approximately 32 million registered customers [21] Company Strategy and Development Direction - The company aims to deepen customer engagement and enhance retention through investments in technology and customer service [10] - A strategic roadmap has been established to focus on growth, innovation, and diversification into non-OTC products [48] - The company is committed to maintaining its competitive advantage through proprietary technology and expanding its product offerings [30][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the structural growth opportunities ahead and the positive momentum in the business [4] - The company views regulatory changes in India as positive for long-term growth and market stability [54] - There is a focus on balancing growth between non-OTC and OTC segments to ensure robust returns [57] Other Important Information - The company has returned approximately $365 million to shareholders year-to-date, equivalent to 11% of its market capitalization [6] - Plus500 has been recognized as the best-performing share in the FTSE All Share Index over the last twelve years [7] - The company is committed to being carbon negative by 2030 and has moved to a more energy-efficient headquarters [15] Q&A Session Summary Question: What are the implications of regulatory changes in India for MetaEquities? - Management views the new regulatory changes as positive, as they support a more structured and regulated market, which can attract new customers [55] Question: What is driving the growth in non-OTC customer deposits? - The growth is primarily driven by recruiting introducing brokers, which brings in their customers, thus increasing deposits [63] Question: What strategies have been implemented to improve customer retention? - The company has focused on enhancing its technology stack and integrating AI and big data capabilities to improve customer retention and reduce churn rates [65] Question: When can we expect revenue from non-OTC products to accelerate? - Management anticipates continued growth in revenues as investments in new products and geographies yield results [68] Question: What changes have been made to improve marketing efficiency? - The company has optimized its marketing processes, leading to lower customer acquisition costs while increasing the quality of earnings and customer longevity [71]

Core Viewpoint - Vanguard High Dividend Yield ETF (VYM) presents a compelling option for income investors despite its imperfections, offering a combination of attractive yield, low costs, and diversification [1][10]. Group 1: Yield - Vanguard High Dividend ETF offers a dividend yield of approximately 2.6%, significantly higher than the S&P 500's yield of 1.2% [2][4]. - While there are ETFs with higher yields, Vanguard High Dividend ETF's yield is competitive and supported by other favorable factors [4]. Group 2: Cost - The expense ratio of Vanguard High Dividend ETF is notably low at 0.06%, making it an economical choice compared to many other dividend-focused ETFs [5]. Group 3: Performance Over Time - The dividend and price of Vanguard High Dividend ETF have both shown an upward trend over time, providing investors with a growing income stream and capital appreciation [6]. Group 4: Simplicity - Vanguard High Dividend ETF is straightforward, tracking the FTSE High Dividend Yield Index, which includes the top half of dividend-paying companies based on yield, resulting in a portfolio of around 580 stocks [8]. Group 5: Diversification - The ETF's ownership of over 500 stocks offers significant diversification, making it a viable alternative to an S&P 500 index fund for investors focused on dividends [9]. - Vanguard High Dividend ETF balances yield, returns, and diversification, making it a solid investment choice for many [9][12].