by Leslie N. Masonson, MBA Mutual funds have been around for over 100 years, while the first ETF was born only 30 years ago. Most of the former were set-up as active funds (requiring active portfolio management) with accompanying high expenses, but eventually no-load passively managed index funds were offered, as investors balked at [...]
By Leslie N. Masonson, MBA On January 22, 1993, a groundbreaking development unfolded on the American Stock Exchange (AMEX): the first U.S.-listed exchange-traded fund (ETF) made its debut. This financial innovation, introduced by the State Street Global Advisors, bore the name SPDR® S&P 500 ETF with the ticker symbol SPY. It boasted a unique [...]
By Leslie N. Masonson, MBA The Industrial Revolution from 1760 to 1840 unleashed a sea-change of dramatic and unheard-of shifts in the industrial growth and dominance of the United States. There are of course two more recent impactful events that have changed our way of interacting, working, and shopping. The first, of course, is [...]
Nvidia (NVDA) stole the show in Thursday morning’s trading session, after a 1st quarter earnings report that shook the financial world up. The stock is currently up 27% as of Noon. Today’s performance is poised to be the biggest single-day rise in market value at over $200 billion. For the first quarter, the [...]
