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.
Cetera Holdings CEO Mike Durbin sits down with Cheddar to discuss the important of financial planning, investment strategy and the state of today's market.
Wealthy individuals and industry leaders are driving soaring sports team valuations, fueled by private equity and growing interest in leagues like the WNBA.
The incoming Fed decision will likely be good news for consumers with high-yield saving options, but bad news for borrowers (like anyone with high credit debt).
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