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October 28, 2024 Investor Insights Thumbnail

October 28, 2024 Investor Insights

Rockefeller Wealth & Power

October 28, 2024

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions. 

  • John D. Rockefeller’s 1913 net worth of $900 million would be $29 billion today, not enough for the top 50 on the Bloomberg Billionaires Index. However, as a share of US GDP, it would be over $600 billion, more than Elon Musk and Jeff Bezos combined. 1
  • Housing costs have risen 50% faster than the CPI in the past decade due to a housing shortage. A 20% down payment on a median home now requires 83% of a typical buyer’s annual income, up from 65% eight years ago. 1
  • NVIDIA’s market cap is now larger than the total of five G7 countries (Canada, UK, France, Germany, and Italy). 2
  • A review of the earnings calls of 7,000 publicly traded companies shows that mentions of Artificial Intelligence (AI) increased six-fold after ChatGPT’s release, from 0.35 sentences per call in Q4 2022 to 2.17 in Q3 2023. 3

Sources:

  1. Barrons - "How to Think About the Price of Food"
  2. Apollo - "It Is All About NVIDIA"
  3. MFS - "Beyond the News"

*Past performance is not indicative of future performance

Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter. 

Glen Eagle Wealth, LLC is a member of FINRA, MSRB and SIPC 

Glen Eagle Advisors, LLC is a SEC Registered Investment Advisor 

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