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
Stocks are closing in on year-end with solid gains, but the Santa Claus rally remains elusive.
The Nasdaq has surged over 30% in 2024, while the S&P 500 and Dow have risen more than 25% and 14%, respectively.
So far, the S&P 500 is down 0.1% during the typically bullish seven-day Santa Claus period, which ends on January 3rd.
China announced it would cut import tariffs on raw materials such as ethane, certain recycled copper, and aluminum.
Apple stock touched an all-time intraday high on Thursday after Wedbush raised its price target.
It's time for some shameless self-promotion. This week, the best investment you can make is getting involved in the broader Alts community. Check out our big wins from 2024.
Trump asked the Supreme Court to pause a law that could ban TikTok.
🌍 Global Perspectives
🇰🇷 A Jeju Air plane crashed and exploded at Muan International Airport, killing 179 of 181 people aboard.
🇸🇩 Sudan's government rejected UN findings that declared famine conditions affecting 638,000 people, with another 8.1 million near starvation.
🇬🇪Georgia's new president, Mikheil Kavelashvili, took office amid protests after the government suspended EU membership talks until 2028.
🇪🇬 A shark attack at Egypt's Marsa Alam resort killed one tourist and injured another.
📊 Crypto
The Blockchain Association warned the IRS rules would push crypto innovation offshore and violate user privacy rights.
Three crypto groups sued the IRS over new DeFi reporting rules.
The $100 Trillion Opportunity in AI?
The rise of AI is shaping up to be bigger than any financial trend we’ve seen before. According to seasoned investor James Altucher, this next-gen AI revolution could create a $100 TRILLION industry, and early investors could stand to benefit. He’s even laid out how a $10K investment might turn into $1 million over the coming years. Want to see the details?
