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Featured Advisor

Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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News Analysis for the Investor on September 25, 2013

Twitter and Alibaba both choosing where to list their IPOs.  Obamacare premiums released and driverless cars are on the way.

| BY Catherine McBreen

Twitter picks NYSE for its IPO

Twitter has picked the New York Stock Exchange over Nasdaq for its initial public offering that is expected to raise $1.5 billion, according to USA Today.  Twitter is hoping to avoid problems that plagued Facebook’s IPO last year.  Facebook listed on Nasdaq and experienced several trading glitches during its offering.  Twitter may sell between 50 and 55 million shares priced between $28 and $30 per share.  That would value the company around $15 to 16 billion. Spectrem Group research indicates that investors are the most interested in the technology for future investments.

Millionaire wealth in Asia may soon top the US

Wealth among the richest individuals in the Asia-Pacific region may surpass that of North America as soon as next year, according to CNBC.  The total wealth of high net worth individuals with more than $1 million of investable assets in Asia is set to increase to $15.9 trillion in 2015, compared to $12 trillion in 2012. 

Obamacare health care premiums released

US officials disclosed insurance prices to be offered through the new federally run health care exchanges starting October 1.  According to the Wall Street Journal, the pricing indicates that young, healthy buyers are likely to pay more than they currently do while older, sicker consumers should get a break.  The plans allegedly provide broader coverage than many current policies.  The new rules require insurance carriers to treat consumers equally despite their medical histories.  Additionally, the policies must include hospital care, preventive services, prescription drugs and maternity care.  Investors in recent weeks, according to Spectrem Group research, have identified Obamacare as a key concern when asked about their financial concerns.

Alibaba abandons Hong Kong listing

Alibaba, China’s largest e-commerce provider, has abandoned plans for a $60 billion plus listing on the Hong Kong exchange and has begun work on a US share sale.  The Financial Times reports that the decision came after Hong Kong refused to allow for an unusual board control structure.  Apparently, Alibaba is seeking a structure similar to the dual class structure offered by many technology companies such as Google or Facebook.  It will keep an internal partnership of senior executives to control the group’s strategic direction and culture.  Alibaba will begin appointing banks for a listing some time in 2014.  It is one of the most anticipated listings since Facebook.

Driverless cars are coming

CNBC is reporting that cars like the BMWX5 and the Mercedes Benz E-Class, due out in 2014, will have basic features like traffic jam assistance, which maneuvers the car through congestion, before prompting the driver to take over.  Pedestrian and animal detection devices already exist on some BMW and Volvo models.  Consumers, however, remain uncertain.  Almost 50 percent of drivers say they would feel uncomfortable in a driverless car.  Other countries, however, respond differently.  Ninety five percent of Brazilian drivers would like a driver-less car.  BMW has a projected 2020 target date for rolling out a driver-less car.

About the Author

Catherine McBreen

Catherine S. McBreen is President of Millionaire Corner.  McBreen plans and develops content for Millionaire Corner.  Catherine balances editorial content to meet the informational needs of both new and seasoned investors.  She designs special monthly surveys on topical issues affecting the economic environment.

McBreen has a B.S. in speech communications from Northwestern University and a J.D. from DePail University College of Law.  She is a member of the American Bar Association, the Illinois Bar Association, and the Chicago Bar Association.

Well-known for her expertise in the affluent and retirement arenas, McBreen is a frequent speaker at industry conferences.  She has been quoted widely by the financial media, including The Financial Times, The Wall Street Journal, Research, Private Asset Management, On Wall Street, Reuters, Bloomberg News, The Dow Jones Newswires and Worth.  Cathy has appeared as a guest on CNBC Closing Bell, First Business Morning News, Neal Cavuto at Fox Business News, ABC and CBS radio.

McBreen is co-author with Spectrem President George H. Walper, Jr. of the book "Get Rich, Stay Rich, Pass It On: The Wealth-Accumulation Secrets of America's Richest Families" (Portfolio, January 2008)

Catherine is the mother of four and is involved in many school and community events.