Daily Wealth Letter from The Wealth Forums 29 April 2016

Markets — By on April 29, 2016 at 10:07 AM
Ian Brodie

Ian Brodie

 

DAILY WEALTH LETTER

 a daily synopsis of wealth news that’s most relevant, timely and dependable

 

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)

 

 

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NUMBER 201  FRIDAY,  APRIL 29, 2016

China’s dodgy wealth managers cut and run

As China’s credit fueled craziness rages on, individual “investors” have been tripping over themselves trying to get in on a piece of the action, opening up enough brokerage accounts for every man, woman, and child in LA and pouring hard earned money into “investment” opportunities such as P2P funds.  READ MORE: https://thewealthforums.com/2016/04/29/chinas-dodgy-wealth-managers-cut-and-run/#more-3467

Billionaire sells big bite of Apple

Billionaire activist investor Carl Icahn says he had sold his entire stake in Apple Inc, citing the risk of China’s influence on the stock.  READ MORE: https://thewealthforums.com/2016/04/29/billionaire-sells-big-bite-of-apple/#more-3460

DAM revenue down 12%

Deutsche Asset Management reported a net revenue decrease of 12% in the first quarter, dropping to €736m (£571.2m, $832.4m) from €840m in 1Q15.  READ MORE: https://thewealthforums.com/2016/04/29/dam-revenue-down-12/#more-3472

THE WEALTH LETTER will not be published on Monday, May 2

The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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