{"id":6150,"date":"2023-10-27T22:05:16","date_gmt":"2023-10-27T22:05:16","guid":{"rendered":"https:\/\/infundpros.com\/finance\/heres-how-private-equity-affects-you\/"},"modified":"2023-10-27T22:05:16","modified_gmt":"2023-10-27T22:05:16","slug":"heres-how-private-equity-affects-you","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=6150","title":{"rendered":"Here\u2019s how private equity affects you"},"content":{"rendered":"<p>When you see headlines about the private-equity industry or the people who run its funds and firms, you might think the news doesn\u2019t apply to you. But private-equity firms have become important players in the U.S. economy.<\/p>\n<div>\n<h2>Look to these cities for an affordable home<\/h2>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Right now the market for home buyers in the U.S. seems to be a perfect storm, with 30-year mortgage-loan rates near 8% and home prices rising because people with low-rate loans don\u2019t want to sell. <\/p>\n<p>But there are plenty of cities with median home prices that are much lower than the national median, which was $430,000 in September. Topeka, Kan., with a median home price of $250,000, topped the list of affordable cities ranked in the Fall 2023 Wall Street Journal\/Realtor.com Emerging Housing Markets Index.<\/p>\n<p>Realtor.com is operated by News Corp subsidiary Move Inc., and MarketWatch and the Wall Street Journal are units of Dow Jones, which is also a subsidiary of News Corp.<\/p>\n<p>Aarthi Swaminathan takes a look at what is going on in Topeka\u2019s real-estate market and interviews a man who moved to Topeka, bought a house and says \u201clife is easy\u201d there compared with two other states where he has lived. <\/p>\n<p>More housing coverage:<\/p>\n<h2>This index approach may be better for you than the top-heavy S&amp;P 500<\/h2>\n<p>An index fund can be a good low-cost way to invest in a broad portion of the stock market, but it may not be as diversified as you expect. For example, the $382 billion SPDR S&amp;P 500 ETF Trust<br \/>\n        SPY<br \/>\n       tracks the U.S. benchmark index, which is weighted by market capitalization. So far this year, SPY has returned 9.1%. Now look at how its largest 10 holdings have fared:<\/p>\n<table>\n<tr class=\"data odd\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      <strong>Company<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>% of SPY<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2023 return<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      Apple Inc.<br \/>\n        AAPL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202934861\/composite\" class=\"positive\">+0.80%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      7.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      29%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      Microsoft Corp.<br \/>\n        MSFT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207732364\/composite\" class=\"positive\">+0.59%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      7.0%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      38%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      Amazon.com, Inc.<br \/>\n        AMZN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210331248\/composite\" class=\"positive\">+6.83%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      3.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      42%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      Nvidia Corp.<br \/>\n        NVDA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200467500\/composite\" class=\"positive\">+0.43%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      2.9%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      176%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      Alphabet Inc. Class A<br \/>\n        GOOGL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202490156\/lastsale\" class=\"negative\">-0.09%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      2.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      39%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      Meta Platforms Inc. Class A<br \/>\n        META,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205064656\/composite\" class=\"positive\">+2.91%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1.8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      140%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      Alphabet Inc. Class C<br \/>\n        GOOG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205453964\/composite\" class=\"negative\">-0.03%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1.8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      39%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      Berkshire Hathaway Inc. Class B<br \/>\n        BRK.B,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200060694\/composite\" class=\"negative\">-1.32%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1.8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      Tesla, Inc.<br \/>\n        TSLA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203558040\/lastsale\" class=\"positive\">+0.75%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1.6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      67%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      UnitedHealth Group Inc.<br \/>\n        UNH,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210453738\/composite\" class=\"negative\">-0.70%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1.4%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"LEFT\" valign=\"top\" colspan=\"1\">\n      Eli Lilly and Co.<br \/>\n        LLY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200106384\/composite\" class=\"negative\">-1.39%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1.3%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      57%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"4\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>There are 11 stocks on the list, to include two share classes of Alphabet. The largest 10 companies in SPY make up nearly 32% of the portfolio, which means it isn\u2019t very diversified, considering that it holds shares of 500 companies.<\/p>\n<p>Brett Arends suggests a different low-cost approach for index-fund investors looking for more diversification.<\/p>\n<p><strong>For those in an S&amp;P 500 index fund:<\/strong> The seven companies propping up the U.S. stock market are sending a bearish warning that investors should not ignore<\/p>\n<p><strong>From Mark Hulbert:<\/strong> Don\u2019t give up on the 60\/40 portfolio now \u2014 it has been a good insurance policy in an unpredictable stock market<\/p>\n<h2>Stocks for growth as the population ages<\/h2>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Here\u2019s how the 11 sectors of the S&amp;P 500<br \/>\n        SPX<br \/>\n       have performed this year, with dividends reinvested. The full index is at the bottom of the table.<\/p>\n<table>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Sector or index<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2023 return<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2022 return<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Return since end of 2021<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Communication Services<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      34.7%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -39.9%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -19.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Information Technology<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      31.6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -28.2%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -5.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Consumer Discretionary<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      16.7%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -37.0%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -26.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Energy<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1.4%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      65.7%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      68.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Industrials<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      0.3%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -5.5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -5.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Materials<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -2.0%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -12.3%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -14.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Financials<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -5.0%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -10.5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -15.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Consumer Staples<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -6.4%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -0.6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -7.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Healthcare<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -6.7%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -2.0%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -8.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Real Estate<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -8.8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -26.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -32.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Utilities<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -13.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1.6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -11.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      9.2%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -18.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -10.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"4\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>It might surprise you to see Communications Services at the top of the list, but this is really a tech-heavy group of companies. The index and the sectors are weighted by market capitalization. Within Communications Services, the largest companies are Google holding company Alphabet Inc.<br \/>\n        GOOGL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202490156\/lastsale\" class=\"negative\">-0.09%<\/bg-quote><\/p>\n<p>        GOOG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205453964\/composite\" class=\"negative\">-0.03%<\/bg-quote><span>,<\/span><br \/>\n       Facebook holding company Meta Platforms Inc.<br \/>\n        META,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205064656\/composite\" class=\"positive\">+2.91%<\/bg-quote><br \/>\n       and Netflix Inc.<br \/>\n        NFLX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202353025\/composite\" class=\"negative\">-1.41%<\/bg-quote><span>,<\/span><br \/>\n       which have returned 39%, 140% and 37%, respectively, this year.<\/p>\n<p>All the sectors except for Energy are still down from the end of 2021.<\/p>\n<p>Healthcare is one of the weakest sectors this year, which sets up a contrarian play, according to Michael Brush, who suggests investors consider three biopharma stocks as long-term plays on the aging of the U.S. population.<\/p>\n<h2>Some fine print on required minimum distributions from retirement accounts<\/h2>\n<p>If you have an individual retirement account or another tax-deferred retirement account, such as a 401(k) or 403(b), eventually you must begin to make annual withdraws and pay income taxes on the amounts withdrawn, unless they are Roth accounts.<\/p>\n<p>Minimum withdrawals are based on your life expectancy, but the rules are complicated and confusing. There have been two important changes to the rules over the past four years, as Brett Arends explains.<\/p>\n<h2>The Moneyist to the rescue<\/h2>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Quentin Fottrell \u2014 the Moneyist \u2014 helps readers with problems that combine money and emotion. This week he has advice for a woman whose goal is to separate financially from her husband with the least amount of expense. <\/p>\n<p>More from the Moneyist:<\/p>\n<h2>A vocabulary lesson from Amazon<\/h2>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Shares of Amazon.com Inc.<br \/>\n        AMZN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210331248\/composite\" class=\"positive\">+6.83%<\/bg-quote><br \/>\n       were up as much as 8% Friday morning after the online retailer surprised analysts by reporting strong quarterly revenue and earnings. <\/p>\n<p>Amazon CEO Andy Jassy\u2019s new favorite word is \u201cattenuate,\u201d which he used in one form or another six times during the company\u2019s earnings conference call to describe Amazon\u2019s efforts to control costs. Analysts had a bit of fun providing their own definitions of the word, as Emily Bary reports.<\/p>\n<p><strong>More detail: <\/strong>Amazon\u2019s AI talk is making Wall Street drool, but there seems to be a catch<\/p>\n<p><strong>More corporate news: <\/strong>This money manager has been predicting oil deals since 2019. Here\u2019s what he sees happening after Chevron\u2019s Hess buy.<\/p>\n<h2>Investing in bonds<\/h2>\n<p>As interest rates have risen, bond prices have fallen. This means that right now, bond yields are more attractive than they have been for decades. Beth Pinsker weighs the advantages and disadvantages of holding your own bonds, against holding those of an exchange-traded bond fund. <\/p>\n<p><strong>Related:<\/strong> How to tell if it is worth avoiding taxes with a municipal-bond ETF<\/p>\n<p><strong>Build income: <\/strong>I want to invest $100,000 in dividend-paying stocks, but my wife doesn\u2019t. How do I convince her?\u00a0<\/p>\n<h2>Bitcoin\u2019s surge<\/h2>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Here\u2019s a chart showing the movement of bitcoin\u2019s<br \/>\n        BTCUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/108573962\/realtime\" class=\"positive\">+0.04%<\/bg-quote><br \/>\n       price in dollars over the past three years:<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Bitcoin was trading at $33,950 Friday morning. That was a far cry from its peak price of $69,000 on Nov. 10, 2021. But the virtual currency was up 14% from a week earlier.<\/p>\n<p>In the Distributed Ledger newsletter, Frances Yue explains bitcoin\u2019s recent resilience but also gives a warning about the market action ahead.<\/p>\n<h2>Parting advice from a Wall Street veteran<\/h2>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Byron Wien, an investment banker who had long stints at Morgan Stanley and Blackstone, died Thursday at the age of 90. He was famous for his annual lists predicting \u201c10 surprises\u201d for the coming year.<\/p>\n<p>Here are \u201cByron Wien\u2019s 20 Life Lessons,\u201d which are listed on Blackstone\u2019s website.<\/p>\n<p><strong>Want more from MarketWatch? Sign up for this and\u00a0other newsletters\u00a0to get the latest news and advice on personal finance and investing.<\/strong><\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/heres-how-private-equity-affects-you-bdb272a5?mod=personal-finance\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you see headlines about the private-equity industry or the people who run its funds and firms, you might think the news&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-6150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here\u2019s how private equity affects you | inFundPros<\/title>\n<meta name=\"description\" content=\"When you see headlines about the private-equity industry or the people who run its funds and firms, you might think the news doesn\u2019t apply to you. 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