I’m travelling this week and next, so these may not arrive in your inbox bang on 6am every day. Apologies in advance.
Alts in your retirement fund in 2025
Announcing our new partnership with Alto.
Like us here at Alts, our friends at Altoare on a mission to democratize alternative investing. Specifically, Alto lets you invest in alternative assets through a retirement account known as an Alto IRA.
Alto IRA accounts are charged a simple quarterly Account Fee based on Total Invested Capital. Good news: Alts.co subscribers get 50% off Account Fees for the first year.
PS — Alto is headquartered in Nashville. If you live in the area, join us for dinner on Thursday, Oct 24 and meet CEO Eric Satz in person. Reply for details.
Disclaimer: Private securities involve risk and may result in significant losses. Important disclosures apply. Alto does not provide investment advice. Consult an investment advisor to determine whether an investment is appropriate for your portfolio.
📰 Market Headlines
Major indexes closed out a record-breaking year with a downbeat finish, as tech stocks led losses.
The S&P 500 fell 0.4% on the last trading day but still posted a 23.3% annual gain, its second straight year with a 20%+ rise.
🇷🇺🇺🇦 Russian gas stopped flowing to Europe via Ukraine after five decades, slashing Russia's revenue by $6 billion annually.
🇩🇪 Five people died and dozens of emergency workers were injured during Germany's New Year's Eve fireworks chaos.
🇨🇩 A Congolese military tribunal sentenced 13 soldiers to death for murder, looting, and cowardice after territorial losses.
🇮🇱🇵🇸 Israeli military strikes in Gaza's Shejaia suburb killed at least eight Palestinians.
📊 Crypto
Tether moved $780 million in Bitcoin to its reserve, its largest transfer since March.
The IRS delayed new crypto cost-basis reporting rules.
Coinbase CEO urged X to integrate USDC payments as the stablecoin's supply surged in 2024.
Do Kwon was extradited to the US to face fraud charges over stablecoin's $40 billion collapse.
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