Putting Your Money Where Washington Is

Ben Phillips, Chief Investment Officer at EventShares, a financial firm that creates ETFs based on political and other events, discusses the company's latest fund focused on the tax reform bill. For each ETF, EventShares chooses stocks that stand to benefit based on the policies put forth by each party. The tax reform ETF functions the same way. Phillips adds that EventShares has the ability to re-balance the ETF as needed, based on the conversation coming out of Washington. We talk about how the reform bill will impact indexes as a whole, but Phillips adds that he does not think that investing in specific indices is the way to go. He believes that investors can profit the most off of tax reform through an ETF with carefully curated companies.

More In Business

Fisker Files for Bankruptcy, the Second EV Maker in the Past Year

Electric vehicle makers are struggling to lure more buyers beyond the early adapters of the technology.

How The NFL Is Playing Defense In Sunday Night Ticket Lawsuit

Ben Fischer, reporter at Sports Business Journal, speaks to Dave Briggs to unpack everything you need to know about the NFL's Sunday Night Ticket lawsuit.

Sorry, Millennials: Mortgage Rates Aren’t Dropping Anytime Soon

First time home buyers aren’t just dealing with high rates and home prices, but ‘hidden’ costs, like property taxes and repairs.

Walmart Is a Big Winner in the War on Inflation

Retail sales are slowing down, as consumers shift away from pandemic-era catchup spending and start prioritizing value.

Majority of Americans Favor Forgiving Medical Debt

"I didn't feel like dying," Janille Williams said. “I don’t think anyone should have to go into financial ruin to live."

Boeing’s CEO to Appear Before Senate as New Whistleblower Emerges

New allegations are arising that “nonconforming” parts — ones that could be defective or aren’t properly documented — are going into 737 Max jets.

THC-Infused Drinks Stir Up High Hopes and Higher Legal Scrutiny

THC-infused beverages face regulatory challenges. The US Cannabis Council discusses concerns, social equity, and plans to address regulations.

THC Drinks Face High Scrutiny as Regulators Weed Out Loopholes

A booming industry, THC beverages, is under regulatory attack. Legal via the 2018 Farm Bill, they're found in liquor stores and bars, not just dispensaries.

Tesla Driver Was Using ‘self-drive’ When He Hit Parked Police Car

A Tesla operator narrowly missed an officer who was managing traffic at another crash.

Pope Francis Addresses the G7 Summit, Raising the Alarm About AI

Pope Francis has challenged leaders of the world’s wealthy democracies to keep human dignity foremost in developing and using artificial intelligence.

Load More