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[ad_1] Disney brings back Bob Iger as CEO in surprise move to boost growth [ad_2] Source link

[ad_1] RUN! This is a super hot deal on Under Armour Joggers! Proozy has these Under Armour Men’s Athletic Soft Joggers for just $16.50 per pair shipped when you buy two pairs and use the promo code PZY233ASJ-FS at checkout! These are regularly $50. Choose from two colors in sizes L to 3XL. Or get these Under Armour Men’s Rival Fleece Joggers for just $16.50 per pair shipped when you buy two pairs and use the promo code PZY233RFJ-FS at checkout! Choose from three colors in sizes L to 3XL. Or get this Under Armour Women’s Rival Fleece Joggers for just $16 per pair shipped when you buy two pairs and use the promo code PZY232WRF-FS at checkout! Choose from two colors in sizes M to 2XL. Valid through November 23, 2022, while supplies last. [ad_2] Source link

[ad_1] Devon Energy PT Lowered to $79 at Citi [ad_2] Source link

[ad_1] Could you turn $0 to $10,000 within a year? If you’re willing to put in the work, there are ways to do it. With most $0 to $10,000 challenges you find online, participants usually look for “free stuff” they can sell or trade. From there, they invest time and energy into “trading up” to better stuff that can make money, or they create a business strategy that helps them grow their initial cash into something bigger. If I were to try to grow $0 to $10,000, I would start with proven strategies, including the easy ones everyone should be doing! Most of all, I would focus on the steps I have used to build wealth for my family. Here are five steps almost anyone could take to grow $0 into $500, which can turn into $5,000, $10,000, or more within a year. And yes, I include plenty of examples to help you get started. Table of Contents Step 1: Get Free Stock Step 2: Retail Arbitrage Step 3: Start a Side Hustle Step 4: Build a Niche Website Step 5: Create a Course or Challenge Turn $0 to $10,000: The Bottom Line Step 1: Get Free Stock When turning $0 into $10,000, you need to start with something of value you can get for free. Free stock promotions are an excellent way to do that, and some of the best promos come from two popular investing apps – Robinhood and Webull. Robinhood Free Stock Promo With Robinhood, you can get a free stock worth $3 to $225 after opening an account and fulfilling its conditions. Just keep in mind this promotion is only available for new customers. Also, remember that your stock will likely be worth on the lower end of the promised range. Robinhood says about 98% of the free stock they give out is worth $3 to $10, which is what I have found from personal experience and in the screenshot from my Robinhood account below: But free is still free. You can also refer friends to get more free stock from Robinhood (see my own example in the above image). You can get up to $500 in referral stock within a year, and your free stock will fall within the same general rate of $3 to $225 per share. By combining these promotions, you could easily get one free stock for opening an account, then refer 20 friends and get 20 more shares. Even if the average price of each stock you received were only $5, you would accumulate $105 in wealth. Learn More About Robinhood Webull Free Stock Promo With Webull, you can get two free stocks valued up to $1,850 when you open an account and fund it with $100. While you might not have the $100 in cash right away, you can start with Robinhood and build up your $100 in seed money. You can also get a free stock worth $2.50 to $250 just for opening an account – even if you don’t fund it. Even better, Webull lets you refer friends and get THREE free stocks, each worth $12 to $1,400. In reality, though, many of the stocks I have received are worth around $30. Here’s an example using my personal Webull account: The results: You can easily combine Robinhood and Webull promotions to earn hundreds of dollars in free stock, which you can use to begin your journey to $10,000. And since this stock is free, why wouldn’t you? Learn More About Webull Step 2: Retail Arbitrage Retail arbitrage is a great way to make money fast, but it can also be a key step in your journey to $10,000. Also referred to as product flipping, retail arbitrage involves buying products at a low price and then reselling them for a profit. There are many ways to make money with retail arbitrage, including shopping for antiques, at thrift stores, or find hidden gems at garage sales in your area. Jason Butler of My Money Chronicles has had success with retail arbitrage, starting most of his deals at thrift stores. He hunts for brand-name clothing at bargain prices, but he also looks for other stuff that sells well. He then resells most of the items on eBay.  His eBay top sellers include sports jerseys, bobbleheads, coffee mugs, board games, vintage sweaters, and blank VHS tapes. Butler says he has no idea why blank VHS tapes sell so well, but he focuses on profits and doesn’t spend too much time trying to figure it out. Of course, Butler goes out of his way to look for sneakers, his #1 resale item. He says he buys sneakers as cheaply as he can find them, and sometimes he’ll devote some energy to cleaning them up. His best-selling brands are Jordans, Kobe Bryant’s, and Hoka One One. As a side note, Butler has an eBay course that can help you learn how to flip items for profit:  I know for a fact that sneaker flipping works! I have bought a lot of sneakers and resold them on StockX for hundreds of dollars more than I paid.  The results: Retail arbitrage is something anyone can do, and you can easily turn hundreds of dollars into thousands if you find the right items. The key is knowing what sells and finding it at a rock-bottom price. Step 3: Start a Side Hustle Another way you can build up $10,000 is by starting a side hustle. I’m not talking about your ordinary, run-of-the-mill part-time job, although that works too. If you prefer a flexible schedule and own a reliable vehicle, consider picking up a side gig driving for Uber or Lyft or delivering food for DoorDash. You could even deliver groceries using an app like Instacart, or you could run errands and assemble furniture with an app like TaskRabbit. You can sell your services as a freelancer if you have a particular skill that translates to the online marketplace. Websites like Fiverr.com and Upwork let you advertise your

[ad_1] As a special Black Friday Deal, Home Chef is currently offering 75% off your first weekly box of meals delivered to your home! Plus, you’ll also get 60% off your second and third box with this deal. Just go here to get started, pick your dietary preferences and meals, choose a delivery date, and wait for the ingredients for your home-cooked meal to arrive! This is a HOT, HOT offer! Valid through November 30, 2022. [ad_2] Source link

[ad_1] Elizabeth Holmes sentenced to more than 11 years in prison for Theranos fraud [ad_2] Source link

[ad_1] The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses. Total inventory data started at all-time lows at the beginning of 2022, creating more bidding war action in January and February, peaking in March.   We needed to end this madness before we had prices escalate over 20% for another year. The Federal Reserve wanted to see the bidding wars end and the days on the market grow. This is happening, and in the long run, this is a plus for the housing market.  When I outlined my 23% five-year growth model for 2020-2024, it was to have a marker for when price growth got too hot. I didn’t have to worry about this in the previous expansion — as my long-term work stated for a decade, the years 2008-2019, would have the weakest housing recovery ever. We don’t have any housing bubble or overheated demand data, nor can we. This article, which I wrote in 2019, does show you the historical work in the past decade on the housing bubble talk. However, I knew the years 2020-2024 would see better demand from the bump in demographics. This could potentially put us in a horrible place with inventory, which it did, and prices accelerated beyond my five-year price-growth model in just two years. I am staying consistent with my work and model when I described the housing market in February as savagely unhealthy. Soon after, the Fed came in with their housing reset premise. Now we are getting the call back to balance, which is good. The positive aspect of today’s data line is that the days on the market grew again, and we are getting off the teenager level. NAR Research: First-time buyers were responsible for 28% of sales in October; All-cash sales accounted for 26%; Individual investors purchased 16%; Distressed sales represented 1% of sales; Properties typically remained on the market for 21 days in October. One thing about housing data we all need to be mindful of is that the year-over-year comps will be very challenging until we get to the end of January. Last year starting in October, purchase application data had an abnormal volume rise toward the end of the year. Even though the data was still showing negative year-over-year prints due to COVID-19 comps, the percentage was getting less and volumes were growing. It was a funky time with housing data last year; people needed to make COVID-19 comp adjustments. As mortgage rates rose more and more, the October to January data was going to show big negative prints. NAR Research: Total existing-home sales decreased 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October. Year-over-year, sales dropped by 28.4% (down from 6.19 million in October 2021). I anticipated purchase application data to have 35% to 45% year-over-year declines starting in October. That has occurred right on schedule; the last print came down 46%. If housing data takes another leg lower, we would see negative prints of 53%-57%. The last two weeks have had positive weekly data of +1% and +4%. Total housing inventory fell in this report, the third report in a row that shows total inventory has decreased. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date. We saw new listing data decline when rates got to 6.25% the first time. This is not a positive for the housing market. A traditional seller is primarily a homebuyer, so not only do we lose the inventory for sale when this happens, but we also lose a buyer. This is another factor in driving purchase application data below 2008 levels. However, as we can see, the inventory data looks much different than what we saw in 2000, 2005, 2008, 2012, 2015 and 2018. NAR lists the current inventory at 1.22 million, while historical normals are between 2 million to 2.5 million, with a peak in 2007 a tad over 4 million. The monthly supply grew from 3.2 months to 3.3 months. Price growth has been cooling off more noticeably, similar to other periods when mortgage rates rose. However, the extreme level of price growth we had earlier this year was savagely unhealthy, so this news isn’t just welcome — it’s needed to bring balance back. NAR Research: The median existing-home price for all housing types in October was $379,100, a gain of 6.6% from October 2021 ($355,700), as prices rose in all regions. With today’s report, we see the continued trend of demand destruction from higher rates and a lack of new listing growth. The severely unhealthy housing market is returning to a B&B marketplace, boring and balanced, but still needs more time. The parts of the country at 2019 inventory levels are already off my savagely unhealthy list; the rest are still struggling to get more new active listings. The Federal Reserve can help the housing market by saying one sentence about the pivot; however, it’s not there yet, and housing market inflation is their big concern. Going out for next year, though, the rent inflation data is lagging on the CPI data and is already showing a cooldown. We see the inflation growth rate falling in other data lines as well. If mortgage rates can get down toward 5%, we can see some stabilizing in the housing data that is working from a much lower bar now. This is the way to get out of the housing recession that started in June.  [ad_2] Source

[ad_1] Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. Inflation glass remains half full—and 6.9% more expensive While many economists predicted a rise in the overall inflation rate, Statistics Canada revealed on Wednesday that consumer prices were going up at the exact same pace as they were last month. So, things might not be getting worse—but they’re not exactly getting any better.  Source: CBC News With more than half of the subcategories that the consumer price index (CPI) tracks up over 5% on a year-over-year basis, many experts remain worried about widespread inflationary pressures. Overall, the market seemed to take the news in stride, as the Canadian stock market’s TSX 60 index was essentially flat last Wednesday. Relative to the big gains we saw upon last week’s American inflation data, it appears that Canada remains in a holding pattern. Betting markets now believe the chances of a 0.25% interest rate increase, versus 0.50%, next month are essentially a coin flip. Teachers get fleeced by fraudulent crypto genius Another week, another crypto asset goes broke and essentially steals billions from its customers.    *Yawn*  I don’t understand why crypto-related fraud is in the news anymore. It happens so often, I have to assume that it is in fact the rule and not an exception. Who would’ve guessed that a tax haven-based business built on exchanging imaginary assets could go from $32 billion to bankrupt within a few days?  For those not glued to crypto message boards, the TLDR, long-and-short of this latest crypto meltdown is that “crypto genius” and founder of multiple crypto-based companies, Sam Bankman-Fried, was found to be running a fraudulent business called FTX.  Basically, one of Bankman-Fried’s competitors pointed out that the cryptocurrency exchange platform was probably going to collapse. And that started a “bank run,” where FTX’s customers tried to withdraw their assets. Of course, their assets were nowhere to be found, because Bankman-Fried “borrowed” them to place risky bets on other insanely priced crypto assets. Remember when cryptocurrency was supposed to be a stable inflation hedge? Remember when it was supposed to do away with all the systemic problems caused by the “bad” guys in the banking industry?   This ridiculous circular logic is meant to backstop the narrative of crypto. My problem with it is that it’s now hurting people who didn’t even know they were exposed.  For example, the Ontario Teachers’ Pension Plan (OTPP) is going to lose $95 million on its investment in FTX. Why in the world was a teachers’ pension fund invested in this sort of risky platform based out of the notoriously unregulated Bahamas?! This is a borderline criminal lack of due diligence on the part of whomever is handling the fund. When confronted with this incredible lack of oversight, the OTPP pointed out that the $95-million loss only represented 0.05% of the plan’s assets.  It’s time the folks behind the OTPP volunteer for a few substitute teaching days in order to understand how hard teachers had to work for that $95 million. Or perhaps they could use some professional development time to reflect on their fiduciary responsibilities. Maybe then they wouldn’t be so quick to liken $95 million-worth of teachers’ labour and contributions to “chump change.” If we put the average teacher’s annual salary at $90,000 per year, that means the OTPP just evaporated over 200,000 days (or 578 years) of teaching time.  My father-in-law’s pension is funded by OTPP. My wife and I have hundreds of thousands of our future dollars at stake in our Manitoban equivalent of the OTPP. So, yeah, this is personal.  That said, when you look at the fees of our major pension plans (including the Canada Pension Plan), you’d expect that the incredibly expensive “expertise” to involve not blindly throwing your money into shadowy private companies based in tax havens! At this point, I think we should be looking seriously at drastically cutting back on the speculative investments made by pension plans (as well as the number of highly priced people making those investments) and going with a low-fee, indexed approach. As you might guess, I don’t find the FTX story to be all that surprising. It’s the logical result of what happens when a speculation frenzy meets cheap leverage. And, then the couple get married in an unregulated market with no way to verify if anything said is true. A love story as old as the markets themselves. Honestly, I find the only newsworthy parts of this story to be the fact that bitcoin’s value is only down 15% on the month. You’d think that when all aspects of the underlying infrastructure of this asset have been proven fraudulent and susceptible to theft it would shake the faithful a little bit.  Apparently not.   Source: Google Finance Are the lights still on at Algonquin Power? Canadian utilities are supposed to be the determined tortoises of the investing race. Slow and steady—always winning in the end. Someone forgot to tell Algonquin Power & Utilities Corp. (AQN/TSX) about how this consistency thing was supposed to work.  Last Friday, the company announced earnings that came in below expectations at CAD$0.11 adjusted earnings per share. What happened next was a panic-driven run on share prices: Source: Google Finance To sum up the Algonquin earnings call: Adjusted earnings per share were down 27% year over year, Revenue was up 26% year over year, No change to its dividend—which increased by 6% earlier in 2022. The company revised 2022 guidance from $0.72 to $0.77 earnings per share, to $0.66 to $0.69, “Asset recycling” meant that equity in some of its green energy projects was going to be sold as previously planned, Every 1% interest rate rise (or “100 basis points” in investing parlance) was going to cost Algonquin about $16 million per year in increased interest payments, And it was moving ahead with its acquisition of Kentucky Power at a lower price than previously

[ad_1] If you have $500 to invest right now, you probably feel on top of the world. While that’s not a ton of money, it’s better than nothing – and way more than enough to start building toward the lifestyle you want.  Many multi-millionaires started investing small sums, even $10 or $25 per month! The key to making your $500 grow is to put in an investment that suits your risk tolerance and goals and add more regularly. Table of Contents 13 Best Ways to Invest $500 1. Invest in the Stock Market  2. Real Estate Crowdfunding 3. Open a Roth IRA (Betterment, M1 Finance, and Robinhood) 4. High-Yield Savings Account 5. High-Yield Certificates of Deposit 6. Invest in Online Business  7. Dividend Stocks  8. Invest in Income Accelerators  9. Hire a Robo-Advisor 10. Series I Savings Bonds 11. Invest in Crypto 12. Invest in Art and Collectibles  13. Pay Down High-Interest Debt Do’s and Don’ts of Investing $500 The Bottom Line on Investing $500 13 Best Ways to Invest $500 But what’s the best way to invest $500? After all, there are quite a few places to stash $500 that can make sense for your goal. If you have $500 or more to spare and are ready to invest today, here are the 13 best ways to invest for the short-term or the long haul. 1. Invest in the Stock Market  The stock market is one of the best options for your $500. Historically, it’s returned an average of around 10% annually, or 6% or 7% when accounting for inflation. There are undoubtedly good and bad years, but this is the average return for those with a long investment time horizon. That said, you may feel intimidated by individual stocks, and some stocks could require more than your initial $500 investment in the first place. In that case, consider using a platform like M1 Finance. With M1 Finance, you can place your $500 into investment “pies” that are expertly curated and made up of fractional shares of stocks that can help you diversify your portfolio right off the bat. You can also set up automated investments to add to your $500 portfolio weekly (or monthly) to help it grow over time. M1 Finance also has a highly-rated mobile app that lets you track your investments and progress. Learn more in our M1 Finance review. How much wealth can you build with M1 Finance? The chart below shows how your initial $500 investment might grow over 20 years in a few different scenarios: 8% (20 Years) 10% (20 Years) 12% (20 Years) Invest $500 and leave it alone $2,330.48 $3,363.75 $4,823.15 Invest $500 and add $20 per month $13,313.35 $17,109.75 $22,115.73 Invest $500 and add $100 per month $57,244.84 $72,093.75 $91,286.08 As you can see, investing $500 and leaving it alone can help you double your initial investment several times over 20 years. However, you start to see progress by regularly adding to your investments. If you invest $500 or more and add another $100 per month for 20 years, compound interest comes into play. 2. Real Estate Crowdfunding With $500, you can also invest in real estate, but not the traditional way. Thanks to technology and the internet, you don’t have to save tens of thousands of dollars to invest in apartment buildings or individual homes. Instead, you can use a real estate crowdfunding platform to invest much smaller sums without dealing with the hassles of being a landlord. Fundrise is one of the best platforms for this strategy because it lets you invest in commercial and residential real estate for as little as $10. If you’re comparing real estate returns vs. index funds or other stock market investments, you should also know that Fundrise investors achieved a return of 7.31% in 2020, followed by 22.99% in 2021. So far in 2022, investors have earned an average yield of 5.52% in their Fundrise accounts. Learn more about Fundrise in our full review, or check out some of these Fundrise alternatives. Get Started with Fundrise Another real estate crowdfunding platform to consider is called Realty Mogul. This platform requires a minimum investment of $1,000, so you may want to consider it a little later on in your investment journey. However, Realty Mogul also lets you create a diversified real estate portfolio spread across multi-family dwellings, self-storage, medical buildings, office buildings, retail, and more. Get Started with RealtyMogul 3. Open a Roth IRA (Betterment, M1 Finance, and Robinhood) Next up, consider opening a Roth IRA if you have $500 to invest. This retirement account lets you invest with post-tax dollars, and your money grows tax-free over time. Another amazing Roth IRA secret is that you can withdraw money from your account after age 59 ½ without paying income taxes.  Yes, you can build up streams of tax-free money for retirement! A Roth IRA also lets you withdraw your contributions (not your earnings) before retirement age without paying the penalty. It offers added flexibility if you think you may need to access this money for emergencies over the next five or ten years. As you research this option more, note that there are many places to open a Roth IRA, including platforms like M1 Finance and Robinhood. If you’re not a fan of the latter, there are Robinhood alternatives you can consider. If you want more assistance planning your portfolio, you can use a robo-advisor like Betterment. With Betterment, you can get personalized help when choosing investments for the initial $500 you add to your account. You can also benefit from perks and added features like tax loss harvesting, portfolio rebalancing, etc. Note that an annual management fee of 0.25% applies when you open an investment account with Betterment. However, no minimum balance is required, making it an excellent platform for new investors. The chart below shows how these options for your Roth IRA stack up in terms of their investment options, fees, and minimum balance requirements: Betterment M1 Finance Robinhood