Latest news with #investments
Yahoo
4 hours ago
- Business
- Yahoo
5 Things You May Have In Common With Every Millionaire
Are you on the path to becoming a millionaire? If you want to know for sure, it's good to see what millionaires already have. Even better, see which money habits they all seem to have in common. You can do this research yourself, but why do that when you can get quick access to the five things every millionaire has in common? You might check off all five items on this list. In that case, you're on your way to a seven-figure portfolio. If not, it may be worth seeing how you can align your finances and goals to have these five traits. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. Millionaires make regular investments in assets like stocks and real estate that gain value over time. Stocks are the easiest asset to enter since they are highly liquid. Cryptocurrencies have the same convenience. You don't have to build or maintain a property to buy stocks and crypto. Real estate is another popular asset since people will always need places to live. Real estate also has unique tax advantages that you won't find with stocks. Most millionaires don't blow through their money, especially people who take decades to reach the seven-figure milestone with steady investments. They look for ways to save money, and one of the best ways to cut your expenses is by purchasing a used car that gets the job done. Used cars have already endured a lot of depreciation. It's better to get a car that has already lost value than it is to drive a new car and watch its value plummet the moment you pick it up from the dealership. Opting for more affordable cars will give you extra money to pour into your investments. Then, your wealth will compound faster and set you up for a seven-figure portfolio. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. A college degree is not required to become a millionaire, but many of them have college degrees. It's more common for millionaires to get degrees from public state schools than top-tier private universities. Many people use their college degrees to pursue new career opportunities. It's better to have a college degree than it is to not have one. However, you shouldn't be discouraged if you do not have a college degree. Some people have become millionaires off a high school education. Many millionaires invest to build wealth, and they also tend to use 401(k) plans to boost their wealth. These accounts come with significant tax advantages, and most employers match a portion of your contributions. It's good to max out your 401(k) plan each year. Doing this for 20 years can help you establish a strong nest egg, and if you can max out your 401(k) plan for more than 20 years, that's even better. Plus, when you turn 50, you can make an annual catch-up contribution in addition to your regular contribution. Combine a 401(k) plan with an IRA, and you can contribute even more money to tax-advantaged accounts every year. The last thing most millionaires have in common is that they don't carry credit card balances. While any debt has interest, credit cards are notorious for their high rates. You can end up with an APR that's close to 30% if you don't manage your credit card debt and end up with a low FICO score. The best-case scenario is an APR of about 20% for most cardholders. Millionaires don't spend more than they make each month, making it easy to pay off their credit cards each month. By paying off their credit cards on time, millionaires avoid interest while enjoying all of the perks that come with having a credit card. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article 5 Things You May Have In Common With Every Millionaire originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
National Post
5 hours ago
- Business
- National Post
Brent H. Zettl Provides Update on Holdings of ZYUS Life Sciences Corporation
Article content This press release is issued pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues Article content SASKATOON, Saskatchewan — Mr. Brent H. Zettl (the ' acquiror '), who serves as the President and CEO and a director of ZYUS Life Sciences Corporation (' ZYUS ') provides updates to his holdings of Common shares (' Common Shares ') in the capital of ZYUS, Common Share purchase warrants of ZYUS (' Warrants ') and options to purchase Common Shares (' Options '). Article content On June 27, 2025, the acquiror participated in a non-brokered private placement of units (' Units ') of ZYUS (the ' Private Placement ') at a price of $0.67 per Unit, with each Unit comprised of one Common Share and one half of one Warrant (each whole Warrant, a ' Private Placement Warrant '). Each Private Placement Warrant entitles the holder to acquire one Common Share at a price of $0.95 for a period of twenty-four months from the date of issuance, subject to certain acceleration provisions. The acquiror acquired, indirectly through 1189115 B.C. LTD. 298,507 Units (comprised of 298,507 Common Shares and 149,253 Warrants) under the Private Placement. Article content Immediately prior to the Private Placement, the acquiror owned, directly and indirectly, and exercised control over 33,730,573 Common Shares and 493,108 Options, representing 43.9% of ZYUS's issued and outstanding Common Shares on an undiluted basis and 44.3% of ZYUS's issued and outstanding Common Shares on a partially diluted basis (assuming full exercise of all of the convertible securities held by the acquiror). Immediately following the Private Placement and as at the date hereof, the acquiror owns, directly and indirectly, and exercises control over 34,029,080 Common Shares, 149,253 Warrants and 493,108 Options, representing 43.9% of ZYUS's issued and outstanding Common Shares on an undiluted basis and 44.3% of ZYUS's issued and outstanding Common Shares on a partially diluted basis. Following the Private Placement, the acquiror's securityholding percentage has decreased by 1.4% on an undiluted basis from the percentage held immediately following the September 2024 Event (as defined below) and by 5.4% on an undiluted basis from the percentage disclosed in the last early warning report filed by the acquiror on June 13, 2023 (the ' 2023 EWR '), and has decreased by 1.6% on a partially diluted basis from the acquiror's securityholding percentage held immediately following the September 2024 Event and by 6.1% on a partially diluted basis from the acquiror's securityholding percentage as at June 13, 2023. The acquiror's securityholding percentage on a partially diluted basis as disclosed in the 2023 EWR (51.68%) was stated in error. The correct securityholding percentage on a partially diluted basis as at June 13, 2023 was 50.5%. Article content Since the completion of the acquisition of ZYUS Life Sciences Inc. by ZYUS in June 2023, the acquiror's securityholding percentage on a partially diluted basis has decreased from 50.5% to his securityholding percentage immediately prior to the Private Placement as a result of certain transactions and events, including the two following transactions which resulted in each case in a decrease in the acquiror's securityholding percentage by 2% or more since the prior event: (i) on July 31, 2024, the acquiror, disposed of 470,000 Common Shares held by 102042227 Saskatchewan Ltd. (' 102 Sask '), an entity controlled by the acquiror to in satisfaction of payments due in the aggregate amount of $432,400 (the ' July 2024 Event '); and (ii) on September 4, 2024,14,088 Warrants with an exercise price of $3.55 per Common Share previously issued to 102 Sask on March 4, 2022 expired unexercised (the ' September 2024 Event '). Immediately prior to the July 2024 Event, the acquiror owned, directly and indirectly, and exercised control over 34,173,073 Common Shares, 292,933 Warrants and 493,108 Options, representing 48.2% of ZYUS's issued and outstanding Common Shares on an undiluted basis and 48.8% of ZYUS's issued and outstanding Common Shares on a partially diluted basis. Immediately following the July 2024 Event, the acquiror owned, directly and indirectly, and exercised control over 33,703,073 Common Shares, 292,933 Warrants and 493,108 Options, representing 47.6% of ZYUS's issued and outstanding Common Shares on an undiluted basis and 48.1% of ZYUS's issued and outstanding Common Shares on a partially diluted basis. Immediately following the July 2024 Event, the acquiror's securityholding percentage has decreased by 1.7% on an undiluted basis from the acquiror's securityholding percentage as at June 13, 2023 as disclosed in the 2023 EWR and has decreased by 2.3% on a partially diluted basis from the acquior's securityholding percentage as at June 13, 2023 (which was 50.5%). Immediately prior to the September 2024 Event, the acquiror owned, directly and indirectly, and exercised control over 33,703,073 Common Shares, 292,933 Warrants and 493,108 Options, representing 45.3% of ZYUS's issued and outstanding Common Shares on an undiluted basis and 45.9% of ZYUS's issued and outstanding Common Shares on a partially diluted basis. Immediately following the September 2024 Event, the acquiror owned, directly and indirectly, and exercised control over 33,703,073 Common Shares, 278,845 Warrants and 493,108 Options, representing 45.3% of ZYUS's issued and outstanding Common Shares on an undiluted basis and 45.9% of ZYUS's issued and outstanding Common Shares on partially diluted basis. Following the September 2024 Event, the acquiror's securityholding percentage has decreased by 2.3% on an undiluted basis from the percentage held immediately following the July 2024 Event and has decreased by 2.2% on a partially diluted basis from the percentage held immediately following the July 2024 Event. Article content The Acquiror's transactions were made for investment purposes. The acquiror may, from time to time and at any time, acquire additional securities of ZYUS in the open market or otherwise, and may dispose of any or all of securities of ZYUS in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the securities of ZYUS, the whole depending on market conditions, the business and prospects of ZYUS and other relevant factors. Article content Article content Article content Article content Article content
Bloomberg
13 hours ago
- Business
- Bloomberg
Roger Federer Becomes a Tennis Billionaire
Roger Federer's long-term deals and sharp investments have made him a tennis billionaire - with a net worth of around $1.3 billion. Alex Morgan explains. (Source: Bloomberg)
Globe and Mail
16 hours ago
- Business
- Globe and Mail
Kinder Morgan Surpasses Industry Gains: What Investors Should Know
Shares of Kinder Morgan, Inc. KMI have gained 45.4% in the past year, outperforming the oil-energy sector's gain of 26.5% and the S&P 500's gain of 11.3%. The company has a market capitalization of $63 billion. The company also outperformed its peers, such as MPLX LP MPLX and Enbridge, Inc. ENB, which have gained 20.3% and 26.7%, respectively, over the same time frame. Positive Outlook on KMI's Growth Trajectory The Zacks Consensus Estimate for KMI's 2025 earnings is pegged at $1.26, implying a year-over-year improvement of 9.6%. The consensus estimate for KMI's 2025 revenues is pegged at $16.5 billion, implying a year-over-year improvement of 9.4%. Kinder Morgan's earnings grew 4.9% in the last five years, better than the industry average of 4.4%. Long-term earnings growth is expected to be 7.2%, better than the industry average of 6.7%. Average Target Price for KMI Suggests Upside Based on short-term price targets offered by 15 analysts, the Zacks average price target is $31.40 per share. The average suggests a 10.9% upside from the last closing price. Factors to Consider Kinder Morgan presents a compelling investment case grounded in stable cash flows, strategic natural gas infrastructure, and forward-looking capital deployment. At the core of its financial model is a highly predictable earnings stream, approximately 95% of its 2025 budgeted cash flow comes from take-or-pay, fee-based, or hedged contracts. This structure protects the company against commodity price volatility and volume fluctuations. The take-or-pay model, which accounts for 64% of the total, ensures payment from counterparties regardless of actual throughput, while the fee-based and hedged arrangements further stabilize revenue. This setup supports Kinder Morgan's robust 2025 financial guidance of $5.2 billion in distributable cash flow and $1.27 billion in adjusted earnings per share, indicating 10% and 4% year-over-year growth in EPS and EBITDA, respectively. Strategically, Kinder Morgan is deeply embedded in the U.S. natural gas market, which is projected to experience significant growth through the end of the decade. Demand is expected to rise by 20-28 billion cubic feet per day (bcfd) by 2030, largely driven by LNG exports, power generation needs (especially as coal retires), and increased industrial usage. The company is positioned to benefit directly from this surge, with long-term contracts already in place. Kinder Morgan's footprint is particularly strong in Texas and Louisiana, regions anticipated to account for over 95% of total U.S. demand growth in this timeframe. The company's dominant position in natural gas transportation is a key differentiator. Kinder Morgan owns and operates 66,000 miles of natural gas pipelines, which move around 40% of U.S. production. It also controls over 700 billion cubic feet of working storage, accounting for 15% of national capacity. The scale of this infrastructure not only supports efficient delivery to high-demand markets, including power plants and export terminals, but also provides operational leverage and competitive moat advantages. Kinder Morgan is also actively participating in the broader energy transition. Through its Energy Transition Ventures group, it is building a portfolio of renewable natural gas (RNG) assets with 6.4 bcf of annual production capacity and is evaluating carbon capture and storage (CCS) opportunities. These investments leverage its existing pipeline expertise and position it to serve emerging low-carbon markets. Furthermore, approximately $8 billion of its current capital project backlog includes components related to lower-carbon initiatives such as RNG and CCS. Lastly, the company has demonstrated a strong commitment to sustainability and governance. It received an MSCI ESG rating upgrade to AAA in 2024 and ranks among the top performers in its industry according to Sustainalytics, FTSE, and Refinitiv. Operationally, it has achieved an ~8% reduction in methane emissions since 2021 and surveys 100% of its natural gas compressor stations every quarter. These practices, alongside improved board diversity and employee safety metrics, reinforce Kinder Morgan's positioning as a responsible infrastructure operator. Risks One key risk factor for Kinder Morgan is its partial exposure to commodity price volatility, particularly within its Enhanced Oil Recovery (EOR) operations and certain natural gas Gathering & Processing (G&P) projects. While 95% of KMI's cash flows are secured through take-or-pay, fee-based, or hedged structures, around 5% remain unhedged, making them sensitive to market fluctuations. The EOR segment, in particular, generates revenue based on oil prices and production volumes, which can lead to earnings variability during periods of commodity price weakness. Hence, it is better to stay cautious about this Zacks Rank #3 (Hold) stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enbridge Inc (ENB): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis Report
Yahoo
19 hours ago
- Automotive
- Yahoo
1 Safe-and-Steady Stock with Impressive Fundamentals and 2 to Turn Down
Stability is great, but low-volatility stocks may struggle to deliver market-beating returns over time as they sometimes underperform during bull markets. Choosing the wrong investments can cause you to fall behind, which is why we started StockStory - to separate the winners from the losers. That said, here is one low-volatility stock that could offer consistent gains and two that may not keep up. Rolling One-Year Beta: 0.52 Known for its transparent, customer-centric approach and wide selection of vehicles, Carmax (NYSE:KMX) is the largest automotive retailer in the United States. Why Should You Dump KMX? Weak same-store sales trends over the past two years suggest there may be few opportunities in its core markets to open new locations Gross margin of 10.8% is below its competitors, leaving less money for marketing and promotions 16× net-debt-to-EBITDA ratio shows it's overleveraged and increases the probability of shareholder dilution if things turn unexpectedly CarMax's stock price of $66.80 implies a valuation ratio of 17x forward P/E. Dive into our free research report to see why there are better opportunities than KMX. Rolling One-Year Beta: 0.64 With approximately 350,000 route miles of fiber optic cable spanning North America and the Asia Pacific, Lumen Technologies (NYSE:LUMN) operates a vast fiber optic network that provides communications, cloud connectivity, security, and IT solutions to businesses and consumers. Why Do We Steer Clear of LUMN? Products and services are facing significant end-market challenges during this cycle as sales have declined by 9.4% annually over the last five years Free cash flow margin shrank by 7.5 percentage points over the last five years, suggesting the company is consuming more capital to stay competitive Shrinking returns on capital from an already weak position reveal that neither previous nor ongoing investments are yielding the desired results Lumen is trading at $4.33 per share, or 1.3x forward EV-to-EBITDA. Read our free research report to see why you should think twice about including LUMN in your portfolio, it's free. Rolling One-Year Beta: 0.79 Spun out of Post Holdings in 2019, Bellring Brands (NYSE:BRBR) offers protein shakes, nutrition bars, and other products under the PowerBar, Premier Protein, and Dymatize brands. Why Do We Love BRBR? Unit sales were phenomenal over the past two years, showing demand is robust and retailers can't stock enough of its products Earnings per share grew by 28% annually over the last three years, massively outpacing its peers Market-beating returns on capital illustrate that management has a knack for investing in profitable ventures At $57.26 per share, BellRing Brands trades at 24x forward P/E. Is now a good time to buy? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Sign in to access your portfolio
