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
Markets stumbled into year-end as the Dow plunged 650 points, with all major indexes dropping in thin holiday trading.
The S&P 500 fell 1.07%, while the Nasdaq slumped 1.19%.
Tech stocks led the decline with Amazon falling 2.2%, Tesla dropping 2.8%, and Apple sliding 1.7%.
Treasury yields dropped, with the 10-year down 8 basis points and the 2-year down 7.
Oil hit a two-week high as natural gas futures surged 20%, marking the largest single-day gain since 2012.
Chinese hackers breached the Treasury Department, stealing unclassified documents in a “major incident.”
Markets will close on January 9th to mourn the death of former President Jimmy Carter.
🎰 Alts this week
What’s going on in the world of alternative assets? If you missed yesterday’s Alts Cafe, here’s the rundown:
A Nashville office tower sold at an 85% discount from 2019 as occupancy fell to 50%.
Instacart and Uber sued Seattle to block new worker protection laws.
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