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How good is your financial advisor?. Today’s edition is brought to you by Rainbook - Evaluate and Monitor Your Advisor. Check them out today.

Good Morning!

First up, we've got a hot tip for 2024 – there's this "Unstoppable Vanguard ETF" that's like the superhero of investments. It's the kind of ETF that makes you want to break open your piggy bank and start stocking up for the future.

Next, we're zooming in on GitLab Stock, which just did a high jump of 12%! Their CEO is strutting their stuff, showing off their platform as the new AI-Powered champ in the DevSecOps arena.

And finally, hold onto your hats because Elon Musk's xAI is on a mission – a billion-dollar mission, to be exact. They're out to raise a jaw-dropping $1 billion. It's like they're throwing a billion-dollar bash and everyone's invited (as long as you've got a cool $2 million to chip in, of course).

Grab your matcha latte and let's get into it! ☕️👇️
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How Good is Your Financial Advisor?

Between multiple asset classes, as well as thousands of stocks and ETFs, investors have never had more options for their portfolios, making financial advisors more important than ever.

This raises two important questions for investors:

1. How do you really know if your financial advisor is any good?

2. Where do you find an upgrade if they aren’t?

Rainbook’s Advisor Analyzer is the solution, a free platform that:

1. Evaluates your financial advisor on six factors (Portfolio Performance, Fees, Engagement, Credentials, Statements, Alternatives)

2. Compares your returns to their benchmarks

3. Breaks down how much you are actually paying in fees to help you make more informed decisions with your investments

If you aren’t satisfied with your advisor’s performance, Rainbook can also pair you with a new advisor more aligned with your investing goals, to ensure your financial health is taken care of.

From our partners

Markets

US job openings hit more than 2-1/2-year low as labor market cools (4 minute read)
Looks like the U.S. job scene is cooling off! In October, job openings dropped to a low we haven't seen in over two years. This big chill is a clear hint that those higher interest rates are making employers think twice about hiring. This shift is causing a buzz in financial circles, with many betting that the Federal Reserve might ease up on its money-tightening ways.

The Labor Department's JOLTS report adds more spice to the mix, revealing that for every jobless person, there's now just 1.34 job openings - the lowest ratio since August 2021. Plus, fewer folks are waving goodbye to their jobs, which could mean less pressure on wages to go up.

Investing

1 Unstoppable Vanguard ETF I'm Stocking Up On in 2024 (3 minute read)
Let's talk about Exchange-Traded Funds (ETFs) – they're like the Swiss Army knives of investing. Why? Because each ETF packs a mix of dozens or even hundreds of stocks, offering a smorgasbord of diversification without the hassle of picking individual stocks. But remember, not every ETF is a golden ticket. While investment tastes vary, there's a standout Vanguard ETF worth considering as we step into 2024: The Vanguard Growth ETF (VUG).

GitLab Stock Adds 12% as CEO Flaunts Platform as AI-Powered Leader in DevSecOps (1 minute read)
Exciting times for GitLab! They've just hit a major milestone, posting their very first quarterly profit on an adjusted basis. And guess what? Their shares crossed the $60 mark for the first time in over a year. The ticker GTLB was all the buzz on Tuesday, surging 12% right after they spilled the beans on their quarterly earnings before the opening bell. GitLab, the go-to platform for helping companies develop, secure, and operate software, didn't just stop at good news. They also let investors in on a juicy tidbit: they're diving deeper into the world of AI.

Musk's xAI seeks to raise $1 billion (5 minute read)
Elon Musk's xAI is gearing up for a big move in the AI world! They're aiming to bag up to a cool $1 billion in an equity offering, as per their latest filing with the U.S. Securities and Exchange Commission. It's all about beefing up their game in the super-hot arena of generative AI, where competition is heating up. So far, xAI has already pocketed just shy of $135 million in equity financing. Now, they're reaching out to investors with a bit of a challenge: chip in at least $2 million to join the ride.

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Best of Twitter

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Poll Results

What's your prediction for Bitcoin's future in the next 6 months?

🟨🟨🟨🟨⬜️⬜️ 🌕 To the Moon! - I'm betting on Bitcoin soaring even higher.

🟨🟨🟨🟨⬜️⬜️ 🎢 Rollercoaster Ride! - Expect lots of ups and downs, but it will stay the same.

🟩🟩🟩🟩🟩🟩 📉 Bubble Burst! - I foresee a significant drop, it's too good to last.

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