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The most anticipated initial public offering of a fintech company this year has finally dropped. Robinhood, the smartphone investing app that set off a rush to fee-free stock trading among discount brokerages, hit the Nasdaq
The Market Gets High
Despite some glaring hiccups during its rapid rise and a rocky public debut, Robinhood’s ascent is a triumph of entrepreneurship and innovative marketing, argue Forbes’ Matt Schifrin and Antoine Gara. Wealth managers are scrutinizing the IPO not as investors, but as potential competitors . In the latest stage of the stock market’s “hallucinogenic trip,” GameStop will join the S&P MidCap 400 Index, a popular index fund, next week. Lastly, contributor John Jennings describes five terrible (and all too common) investing mistakes—so you can do the opposite.
Forgive And Forget
Some good news for small business owners: the SBA just announced a streamlined application portal to allow borrowers with PPP loans of $150,000 or less through participating lenders to directly apply for forgiveness. And with three days left before Uncle Sam’s Covid-19 eviction moratorium is slated to expire, President Biden is calling on Congress to pass an emergency extension of the federal ban.
Novel graphic: Hyper Inflation At The Pump
From One 401(k) To Another…
Rolling retirement funds over from one account to another is a fairly common practice, but it can prompt quite the headache. Here are a few tips to help smooth the process. The low-or no-interest family loan, which provides immediate help to children or grandchildren instead of requiring them to wait for an inheritance, could also prove an excellent hedge against proposed federal tax hikes. When considering how to manage your cash flow during retirement, don’t overlook the advantages of taking your withdrawals every six months.
University Of Walmart
In the wake of the 2008 recession, home ownership has become increasingly unattainable for the middle class—and then the pandemic happened. The rapid rise of property prices has iced out many would-be first-time homebuyers from the market, but what about alternate ways to invest in real estate? With used car prices up some 27%, learn how to negotiate for the best deal possible on your auto loan. In student loan news, Walmart—the largest private employer in the U.S.—will now help its associates pay for college at select institutions.