Author: BostonNewsletter.com Est. 1704

Name a portfolio risk that rarely shows up on a client’s quarterly review and never on a performance statement, but which can quietly erase a six-figure retirement account between annual meetings.Processing Content Mukarram Mawjood is founder and chief investment officer of Bullionite Asset Group. The answer: the self-directed IRA your client opened without telling you.First, a quick definition: A self-directed IRA follows the same contribution limits and tax treatment as the traditional or Roth IRA your client already holds. But a standard IRA at a brokerage keeps your client in publicly traded stocks, bonds and funds. A self-directed IRA sits…

A U.K. man who critically injured a three-year-old boy by tossing him into a crocodile pit has been released on bail after authorities deemed him unfit for a police interview. Cambridgeshire Police on Friday released the suspect, identified by authorities only as a 30-year-old man, on bail in connection with an incident at Johnsons of Old Hurst, a family-run farm and zoo near Huntingdon in Cambridgeshire, England. The man had been arrested the previous day on suspicion of attempted murder after allegedly throwing a three-year-old into a crocodile enclosure at the zoo. Police stated that the suspect was assessed as…

SOUTHAMPTON, N.Y. — You know all the sayings. Patience is a virtue. Rome wasn’t built in a day. Good things come to those who wait. But how is patience practiced in golf, and how does one exemplify it amid a week where impatience is the featured dish on the menu?As it tends to be with clichés, it is much easier said than done.Through just about two rounds of the 2026 U.S. Open, Wyndham Clark has raced ahead of the rest of field at Shinnecock Hills. The 2023 champion set a new 36-hole scoring record at Shinnecock Hills, made 215 feet…

On June 18, Cathie Wood’s ARK Invest showed off a notable rotation following a superb run in two of the most popular high-growth stocks. Investors had been rewarding Robinhood (HOOD) for its cost-cutting plan and Roku (ROKU) for its takeover-driven rally, but ARK moved in the opposite direction. Wood took profits in both stocks after the catalysts lifted sentiment, turning both into sources of cash.  Those adjustments land against a far more buzzworthy story.  Wood recently built a major post-IPO position in SpaceX, with ARK buying nearly 3.3 million shares that were worth about $531 million by the end of…

The Ninth Circuit Court of Appeals issued a preliminary injunction Friday against a California law that allowed children to hide their transgender status from their parents.The law required teachers and others to withhold information from parents related to their children identifying as transgender or asking to be called by a different name.’The Constitution is clear — parents have the right to know what is happening with their children and make decisions regarding their mental health, and no state law can override that fundamental protection.’The three-judge panel initially rejected the lawsuit from residents of Huntington Beach but relented after the U.S.…

&Partners, a St. Louis-based hybrid broker/dealer launched by David Kowach, the former president and CEO of Wells Fargo Advisors, has recruited three advisor teams in the last week with a combined $1.6 billion in pre-hire assets under management. Wavewood Private Wealth, a practice in Basking Ridge, N.J., joins from Wells Fargo Advisors. The team, which is led by Morgan Castner and Jeffrey Libman, brings over $574 million in pre-hire AUM. They’re joined by Tara Writt, senior client relationship associate.&Partners also added Brookside Wealth Advisors, another former Wells Fargo Advisors team, with about $550 million in pre-hire AUM. The Indianapolis-based team includes Adam…

Open as PDF (click to enlarge) The U.S. Strategic Petroleum Reserve remains one of Washington’s most important tools for managing energy-market disruptions, but the Iran war has exposed both its value and its limitations. Following years of drawdowns, the reserve stands at a historically low level, leaving policymakers with a smaller cushion than in past crises. Though emergency releases have helped offset supply losses and calm markets during disruptions to shipping through the Strait of Hormuz, the SPR cannot fully compensate for prolonged interruptions to normal Gulf energy flows. Even as the recent U.S.-Iran agreement has…

Jun. 19—Count the University of Dayton among the 267 colleges and universities that support the Protect College Sports Act.The legislation will be considered by the U.S. Senate after being advanced on Thursday, June 18, from the U.S. Senate Committee on Commerce, Science, and Transportation.Advertisement”It is absolutely necessary,” said UD Vice President and Director of Athletics Neil Sullivan. “We support it fully.”The act, sponsored by Senators Ted Cruz (R-Texas) and Maria Cantwell (D-Wash.), has many aims, including:* Ending “roster chaos” by allowing undergraduate athletes to transfer once.* Giving athletes five years of eligibility in a five-year span.* Enabling “enforcement of House…

The one big thing investors have learned from the geopolitical conflict in the Middle East is that oil and natural gas remain vital to the world’s normal functioning. This is why most investors should have some exposure to the sector. That said, the next year is likely to be complicated for the energy industry because of the lingering impact of the war. I expect oil prices to fall back to where they were before the conflict in 2027, to around $60 per barrel for Brent Crude. However, getting to that point could be a bit of a rollercoaster ride, as…

Two passenger trains collided in Britain on Friday evening, killing at least one person and injuring dozens more, according to the authorities.The collision took place about 5:15 p.m. local time near the town of Bedford, in south-central England, officials said, prompting a major emergency response from the police and health workers, according to the transport police.The East England Ambulance Service said in a statement that one person had died at the site of the crash. Eleven others suffered life-threatening injuries; 22 people, less gravely hurt, required immediate treatment; and 56 others had minor injuries, the statement said.In a statement published…