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[ad_1] If you’re someone who keeps an eye on the regular news, you have probably noticed some pretty crazy headlines regarding something called an “NFT.” For example, there was this article from CNBC with the headline, “Meet the 12-year-old coder set to earn over $400,000 selling NFTs,” which explained the tween’s process for buying and selling digital artwork consisting of “weird whales.” Then there was this article in Fortune, which describes a teenager who has built an NFT empire that’s reportedly worth $26 million dollars. All of this sounds crazy for sure, but that’s especially true if you don’t even know what an NFT is. Clearly, NFTs are some sort of asset that can be bought and sold online, but how do NFTs actually work? More importantly, how do you make money? #ap65004-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Lato,Arial,sans-serif}#ap65004-ww #ap65004-ww-indicator{text-align:right}#ap65004-ww #ap65004-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end}#ap65004-ww #ap65004-ww-indicator-wrapper:hover #ap65004-ww-text{display:block}#ap65004-ww #ap65004-ww-indicator-wrapper:hover #ap65004-ww-label{display:none}#ap65004-ww #ap65004-ww-text{margin:auto 3px auto auto}#ap65004-ww #ap65004-ww-label{margin-left:4px;margin-right:3px}#ap65004-ww #ap65004-ww-icon{margin:auto;padding:1px;display:inline-block;width:15px;height:15px;min-width:15px;min-height:15px;cursor:pointer}#ap65004-ww #ap65004-ww-icon img{vertical-align:middle;width:15px;height:15px;min-width:15px;min-height:15px}#ap65004-ww #ap65004-ww-text-bottom{margin:5px}#ap65004-ww #ap65004-ww-text{display:none}#ap65004-ww #ap65004-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. 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Online trading platforms offer a wide variety of cryptocurrencies for trading. Click on your state to start investing today! HawaiiAlaskaFloridaSouth CarolinaGeorgiaAlabamaNorth CarolinaTennesseeRIRhode IslandCTConnecticutMAMassachusettsMaineNHNew HampshireVTVermontNew YorkNJNew JerseyDEDelawareMDMarylandWest VirginiaOhioMichiganArizonaNevadaUtahColoradoNew MexicoSouth DakotaIowaIndianaIllinoisMinnesotaWisconsinMissouriLouisianaVirginiaDCWashington DCIdahoCaliforniaNorth DakotaWashingtonOregonMontanaWyomingNebraskaKansasOklahomaPennsylvaniaKentuckyMississippiArkansasTexas Trade Today Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures. Finally, how are kids as young as 12 cashing in on something the regular world barely even knows about? While I am personally very into crypto investing and everything that goes on in the crypto space, NFTs or Non-Fungible Tokens are a type of asset that I don’t have a lot of experience with. With that in mind, I decided to interview an NFT expert — Robert Farrington — to learn more about NFTs and how they work. Farrington is not only the owner of the popular website The College Investor, but he has a separate site called Cult of Money that’s all about cryptocurrency and NFTs. If you’re eager to learn what an NFT is, how this type of asset works, and how to get started investing, you’re definitely in the right place. As a side note, you can also listen to my podcast interview with Robert using the link below. What is an NFT? Before we dive into how to invest in NFTs for a profit, it’s crucial for readers to understand what they really are. According to Farrington, NFTs are a lot more than a .jpeg photo, which is what some people tend to believe they are. For the most part, Farrington says that non-fungible tokens (NFTs) are blockchain-based digital representations of a smart contract. However, NFTs can truly be anything, from a collectible to a piece of digital art. An NFT could even be a pass that lets you access a specific community, like a ticket. At the same time, NFTs are also used for play-to-earn gaming, which is a type of online gaming that lets participants earn crypto based on the time they put in. According to Farrington, NFTs have even been sold at Sotheby’s just like mainstream art. Top Shots from the NBA are another type of NFT that I am personally acquainted with. For example, you can buy an NBA Top Shot NFT that includes a digital video of LeBron James dunking the ball. In some cases, only 25 or 50 copies of each NFT are released, so the NFT you buy is almost like a piece of art. According to Farrington, these are collectibles, which people have been buying since the beginning of time. “There’s so much out there and people have always loved collecting things that are unique and rare,” he says. “This just happens to be the digital format of it.” Beyond thinking of NFTs as art, he also notes that non-fungible tokens are very good at showing ownership and provenance. You may have heard of provenance in the context of traditional art. If not, then “provenance” is a term used to describe the ownership history of a piece of artwork that shows its authenticity. Other Ways NFTs are Used As I mentioned already, NFTs can also be marketed as passes to a specific event. As an example, Gary Vaynerchuk recently sold around 10,000 tickets to a conference he is offering for the next three years. These are the only tickets he will sell to the conference, so they have the potential to go up in value. What’s interesting here is how content creators are able to benefit from selling tickets as an NFT instead of through traditional means. With an NFT, the content creator is able to include royalties back to themselves in the digital contract. This means that, when a NFT is sold later on the aftermarket, the original creator receives royalties from that sale. Farrington says that, in this case, Vaynerchuk is actually making a 5% cut of every future sale. So, if he sells 10,000 tickets to the conference and 30% of them go on the resale market, he makes 5% of the 30% of tickets sold. Since there won’t be any more tickets sold to these events, and since the purchase price has the potential to go up in value, Vaynerchuk gets to capitalize on the growing value of each NFT along with the person who sells them. The same can apply to season tickets to sports games, which could easily be sold as NFTs in the future. If you sell your season tickets to a friend, nobody gets a cut. However,

[ad_1] In 2022, I’m setting monthly reading goals and have the goal to finish at least one book each week. So far, I’ve mostly been able to stick with that! Note: You can follow along with the books I finish this year and my star ratings over on GoodReads. Also, books are rated on a 1-5 star scale. I basically won’t finish a book if it’s one star (not worth my time!) and I’ll rarely give a book a 5-star rating unless it was just absolutely amazing or life-changing. I’ve gotten a little behind in my monthly reading goals and ended up not setting any book goals for May since I’m still working through April’s stack. And it’s been awhile since I’ve posted any book reviews, so without further ado, here are seven books I finished recently… The Book of Lost Names This audiobook is the fictional story of a Jewish woman who became a forger and helped create documents for many children to be able to cross the border into safety in Switzerland during World War II. I found the details of how they created the documents to be very interesting and I also thought the sections on faith and identity were thought-provoking. I also appreciate some of the rawness that the author used to describe how the main character’s mother dealt with the heavy loss and blows… because it made me wonder how I would respond if I were in her shoes. That said, I felt like some of the parts of the book were a little on the unbelievable side and other parts felt like they lacked enough depth and development. So I thought it was a good novel, but personally didn’t think it was a great novel (although judging by the multitude of 5-star Amazon reviews, I’m in the minority on that!) Verdict: 3 stars The Hard Good I had read a lot of this book in preparation for my podcast interview with Lisa Whittle, but I finally had a chance to finish it recently. There were so many sections that I found to be valuable — from her honesty over processing losing her dad but also recognizing the mistakes he made and how those affected her to talking about what to do when someone else gets that thing you really wanted. Lisa doesn’t sugarcoat things. She’s truthful and this book will likely step on your toes at least at some point. But it is filled with messages of hope and of reminders that we all need to hear. If life feels hard and overwhelming right now and you just want to check out and shut down, I think The Hard Good will challenge you in a helpful way. Verdict: 4 stars Gentle and Lowly This book has been highly recommended to me over and over again. I didn’t know what to expect and it actually wasn’t what I expected! It’s basically a book that talks about the gentle and gracious nature of God and digs into a lot of Puritan writings that call this out and expand on it. While most of the chapters and concepts were not new to me, it was a good refresher. I also think it would be a very valuable read if you struggle with feeling loved by God or struggle with feeling like you are a disappointment to God. That said, I felt like many of the chapters had so many quotes in them that the writing felt broken up and a bit disjointed. I feel like the heart and meat of the book was excellent, I just sometimes felt like the writing didn’t pack as powerful of a punch as it could have. Verdict: 4 stars Hero on a Mission I wanted to like this book, but I really disagree with the premise of it (stated very clearly from the beginning) that God doesn’t have a plan for our lives and that it’s up to us to write our own story. I think that had the author not come out of the gate so strongly with this statement that I don’t believe is theologically/Biblically accurate, I would have probably been able to approach the book with a different mindset. But this statement really rubbed me wrong. Now, that statement aside, I appreciated the encouragement in the book to not be a victim of your life and very much agree that we should be taking personal responsibility, not letting a negative perspective drive our decisions, and that we should be living our lives with the end of our lives in mind. But, I think all of this should be lived out with the understanding that God is ultimately weaving a masterpiece with our lives and we should be looking to Him for guidance and direction, seeking Him each step of the way, relying upon Him, and trusting Him through the hard and dark times. Verdict: 3 stars Fostered If you’ve ever wanted a first person look into what it’s like to be in foster care, this book is a must-read. Tori’s story is both heartbreaking and heart-warming. I appreciated her honesty in sharing the trauma she experienced in her birth family and in the foster care system. But I also loved the triumph she shared and the hope she left us with at the end of the book. I especially loved her perspective on how one person who faithfully showed up and invested in her life made such a difference on the trajectory of her future. It was inspiring to think of how we can impact a life just by being willing to show up, keep showing up, show love, give grace, and communicate with our lives that someone has value and worth. One of the things I found most helpful in this book was Tori’s thoughts on the foster care system as a whole. She had such wise insight there and it was very thought-provoking to me. If you are a foster parent, are thinking of becoming a foster

[ad_1] U.S. Senator Murphy implores lawmakers to act on guns after Texas school massacre [ad_2] Source link

[ad_1] Shares of logistics player Delhivery surged on Tuesday, marking a day’s high of Rs 568.90 on the BSE, a jump of 16% against its issue price of Rs 487. Delhivery had listed at Rs 493 on the BSE, a premium of 1.2% against the issue price. On the NSE, the stock listed at Rs 495.2, up 1.7% from its issue price. At close on Tuesday, the stock was up 10.3% to Rs 537.25, and the company’s market capitalisation stood at Rs 38,923.93 crore. Investors lapped up shares of the logistics player in the secondary market, leading to a jump in the stock price on Tuesday, said experts. They added that the weak sentiment in markets during the share sale, and the absence of liquidity due to LIC’s mega public offer resulted in lower subscription for the Delhivery’s offer, primarily from individual investors. The three-day share sale between May 11 and 13 was overall subscribed 1.63 times, with most of the bids coming from qualified institutional buyers (QIBs). Demand from retail investors and non-institutional investors remained muted as the quota reserved for them were subscribed only 57% and 30%, respectively. Higher valuations of the company and negative cash flows weighed on investors, said analysts. Sahil Barua, CEO, Delhivery, in a pre-listing event on Tuesday, said, “There has been a lot of talks about the markets being choppy. But the way I look at it is at 10 am when the bell rings, post that, the logistics market is still going to be a $200-billion market and Delhivery is still going to be nearly a billion dollars in revenue and we’re still going to be breaking even and better every year.” Delhivery’s IPO size was, however, reduced from Rs 7,436 crore planned earlier to Rs 5,235 crore due to volatility in the markets. Of the overall issue size, Rs 1,235 crore was an offer-for-sale by existing investors, including Softbank and Carlyle. The fresh issue comprised Rs 4,000 crore, which the company plans to utilise towards funding organic growth initiatives, inorganic growth through acquisitions and other strategic initiatives, and for general corporate purposes. 2/ Incorporated in 2011, Delhivery is the largest and fastest-growing fully integrated logistics services player in India in terms of revenue as of FY21. The company has a pan-India presence serving 17,488 PIN codes or 90.61% of the 19,300 PIN codes in India as of December 31, 2021. The company has so far failed to turn profitable. However, revenues continued to grow significantly. Delhivery reported revenues of Rs 4,911 crore in the nine months ended December against Rs 3,838 crore posted in FY21. Brokerage firm Yes Securities, in an IPO note, said, “We believe increasing market share, rising utilisations and synergy benefits arising from Spoton will help the company turn profitable.” ____________________________________ [ad_2] Source link

[ad_1] Tuesday, the new home sales report officially put that sector in the penalty box, and we are very close to raising the fifth recession red flag. When new home sales and housing starts begin to fall together, a recession is usually not far away. However, like everything else in economics, this report needs context. It can confuse people who don’t know the difference between the new home sales sector versus the existing home sales sector. A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. I know rates are low historically, but the rate of housing change will be impacted when the 10-year yield breaks over 1.94%. Guess what happened in March? All I am doing is staying consistent with what I have talked about for years now; rates matter, but it’s more of a rate of change for housing, which was the same thing that happened in the previous expansion. Except now, we have had massive price gains in 2020, 2021 and 2022. The market is savagely unhealthy and needs balance; this is what we call balance! I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. The only way this happens is by higher rates.  From Census: Sales of new single‐family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 16.6 percent (±10.4 percent) below the revised March rate of 709,000 and is 26.9 percent (±13.7 percent) below the 2021 estimate of 809,000. As we can see below, the new home sales report just took us back almost to the 2018 levels — the last time when rates rose toward 5% and created a supply shock. As you can see, sales levels were never elevated like what we saw from 2002-2005. This housing cycle is and will always be based on real demand, versus the credit boom we saw from 2002 to 2005. Slow and steady wins the race. These big headline prices tend to get revised to a more proper level. However, the housing market changed once the 10-year yield broke over 1.94%.   From Census: Sales Price The median sales price of new houses sold in April 2022 was $450,600. The average sales price was $570,300. Keeping with the theme that the years 2020-2024 would be different, we can see the builders had pricing power, and they pushed it onto the consumer. Things will be different now, but balance is a good thing in the long run. I understand why people will fight me on my position that higher rates are needed, but you have to remember that I created a specific price-growth model for housing just for 2020-2024, knowing that we could break out in an unhealthy way. As long as home prices only grew to 23% in those five years, we would be OK to have 6.2 million total home sales each year from 2020 to 2024. That didn’t happen, so rules are rules, and models are written for a reason. The chart below is worth a thousand words. From Census: The seasonally‐adjusted estimate of new houses for sale at the end of April was 444,000. This represents a supply of 9.0 months at the current sales rate. My rule of thumb for anticipating builder behavior is based on the three-month average of supply: When supply is 4.3 months and below, this is an excellent market for the builders. They will happily build. When supply is 4.4 to 6.4 months, this is just an OK market for the builders. They will build as long as new home sales are growing. When supply is 6.5 months and above, the builders will pull back on construction. The monthly supply has spiked, the 3-month average is at 7.4 months, and the headline number is at 9.0 months! Before I go on, I need to remind readers that the new home sales market is different from the existing home sales marketplace. Even today people think this monthly supply spike is for the current home sales market. This isn’t the case; the monthly supply for existing homes is only 2.2 months. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 million, and I can stop labeling this housing market a savagely unhealthy housing market. However, this isn’t going to help much because the existing home sales market has a different inventory channel. Now inventory is rising in the existing home sales market, and we just had some positive weekly year-over-year prints. Still, the existing home sales market has an active seller who decides to sell their home to buy another one or rent. Unless you’re an investor, that is the traditional supply decision-making, which has made it hard for inventory to grow outside of extreme housing weakness or forced selling to get inventory above six months. The only time this has happened was the 2006-2011 period. The new home sales sector is much different — it’s a contract to purchase a home that isn’t built yet. What do we have now? A massive backlog of homes that weren’t finished and even some that haven’t started yet! Yes, the builders have issues as rates have risen on them and this will impact the single-family construction aspect of their business. However, this is much different than what we saw from 2002-to 2005. It’s not shocking that the housing market turned once the 10-year yield broke

[ad_1] The post What to Do After Achieving Financial Freedom appeared first on Millennial Money. So you just found out about financial freedom. Welcome to the journey. You’re ready to start saving your income and look at the possibilities of early retirement or even a traditional retirement. But why do you want to save millions of dollars over the next several decades?  This, my friend, is called your Why of FI. Why do you want to be financially independent? What will you do with your future financial freedom? How do you want to conquer the world, so to speak?  Have you seen the film Office Space? It’s a cult classic beloved by the financial independence community. One of the themes of the movie is what characters would do with financial freedom. So tell me, what would you do with a million dollars? Would you travel the world? Would you lie on the beach and drink margaritas? Would you write a life-changing book for millions of people to read? Would you devote a portion of your income to causes you believe in? To help others on their FI journey? Maybe live off-grid or create a homestead?  “I don’t know” is an acceptable answer! Even though I haven’t reached financial freedom, I can help. Because I have a few “secrets” I’d like to share.  All those things I mentioned earlier, writing books, drinking margaritas, and traveling the world, can all been done. I have some awesome friends and acquaintances in the financial independence community who have done all those things and more. You may have even heard of some of them, or know them yourself. You don’t have to quit your job! If you love what you do, are starting your own business, love investing in real estate, or just enjoy your life now, you can keep doing what you love! Not everyone who achieves financial freedom quits their job and hobbies. There are multiple paths to financial independence. There are as many reasons to obtain financial freedom as there are people. Your reason can be unique. It can also be the same as those of your neighbors and friends you make along your money journey.  There are lots of people doing some amazing things post financial independence. I happen to know a few of them. I hope to introduce you to some.  Attitude Toward Work After Attaining Financial Independence What is your attitude toward working now? Are you working just for money and an income? Do you love your job or hate it? Is it something you would do for free? Do you live to work or work to live? Do these questions have any wrong answers?  What Are Some Healthy Attitudes Toward Work After Attaining Financial Independence? The financial freedom movement could have been born out of some of these questions. An unhealthy attitude toward work can cause stress, burnout, and feeling overworked and unhappy. All of these feelings led to the movement. So what would a healthy attitude toward work look like? You have millions of dollars and do what you want every day. What does work look like? Well, if you’re traveling the world and lying on the beach, work looks like supporting the local economy. Helping those who are still working and serving you. Here’s a tip, give generously. (I love a good pun.)   If tipping isn’t customary in the culture, try buying something extra or for someone else. Help those still working out a bit. Others may still be working for money and living for that income. If you’re still working a job you love, ask how you can support those who are still working for an income. Can you volunteer your time? Make some extra donations? Support financial independence and other content creators? My local Bogleheads group loved helping those still on their financial freedom journey. For those who don’t know, Bogleheads are fans of Jack Bogle, the founder of Vanguard.They love index funds and analyzing investment portfolios.  How Could Having Financial Well-Being Help You Be More Productive in Your Work? You may be asking, did he mention being more productive? Yes, I did. How could you be more productive without worrying about income? Having financial security takes a load of stress off.  Not worrying about money, a lot of financially free creators write books and produce other content to help others. They can be productive and reach out to more people because they aren’t stressed about money. In turn, they sometimes end up making more in passive income than when they were working. Unintended consequences can be positive too. What Are the Benefits of Being Financially Independent, and How Does It Impact Your Work? One benefit we just discussed is making more passive income. Another is helping others. Yes, But you can also have a better time. More financial independence, more financial freedom, more fun! As my friend Diana says, FI is better with friends.  The biggest benefit, in my opinion, is that you can follow your passion — whether it’s continuing your current work or finding another type of work, or not working at all.  Financial freedom benefits all. Specifically, women’s financial freedom is important for many reasons. Women: Battle the gender pay gap Might experience pay discrimination  Until the 1960s couldn’t have their own bank account Sometimes have to choose between career and family Reach financial independence later than men on average Face unique financial challenges Thanks to financial freedom, Angela and Regina were able to create their passion. Out of their passion came Women’sPersonalFinance.org. It’s a space where women can not only discuss these unique challenges but also help and guide others along the way. Thanks to financial freedom, Angela and Regina can pay women contributors.  Reflecting on Life After Financial Independence If you have followed the financial independence community for a while, you may know of Brandon. Brandon is better known as the Mad Fientist. In late 2021, Brandon posted his fifth and final update on what financial independence

[ad_1] Social media stocks plunge on Snapchat warning  CNN Snap falls 41% on pace for worst day ever, dragging other stocks with it  CNBC Snap plunge hits sentiment, euro gains  FXStreet SNAP crashes 40% and drags down SOCL and other related ETFs  Seeking Alpha Dow falls more than 300 points on Tuesday as the sell-off resumes on Wall Street  CNBC View Full Coverage on Google News [ad_2]

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[ad_1] Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and slowed manufacturing output, while Treasury yields dipped as the weakness in equities revived a safe-haven bid for U.S. government debt. U.S. and euro zone business activity slowed in May, with S&P Global attributing the decline in its U.S. Composite PMI Output to “elevated inflationary pressures, a further deterioration in supplier delivery times and weaker demand growth.” Higher costs from surging freight and raw material prices led Abercrombie & Fitch Co to say it will continue facing headwinds until at least year-end, a day after Snapchat parent Snap Inc said the U.S. economy had worsened faster than expected in April. A two-day relief rally in equities was snuffed out as investors took note of sliding corporate profits on persistent supply chain issues, worsened by the Ukraine war, and soaring inflation that has forced consumers to cut discretionary spending. The U.S. economy likely faces a sharp slowdown as the Federal Reserve hikes interest rates to stamp out inflation, according to David Petrosinelli, a senior trader at InspereX. “It’s really all about a hard landing and the Fed really being boxed in the corner with only demand-side tools to help,” Petrosinelli said. “They really need to squash demand. “This is going to have a ripple effect for the economy, which is why you’re seeing the price action in stocks and bonds,” he said.MSCI’s gauge of stocks across the globe shed 1.69%, while the pan-European STOXX 600 index lost 0.99%. On Wall Street, the Dow Jones Industrial Average fell 1.37%, the Nasdaq Composite dropped 3.33% and the S&P 500 lost 2.16% as it again headed toward a bear market. Shares of Snap plummeted 41.1%, dragging down several social media and internet stocks, while Abercrombie fell 29%.In Europe, utilities and commodity-linked stocks led declines but banking shares rose. European Central Bank Chief Christine Lagarde said she saw the ECB’s deposit rate at zero or “slightly above” by the end of September, implying an increase of at least 50 basis points from its current level. The comments came a day after Lagarde accelerated a policy turnaround that has seen her go from all but ruling out a move this year to penciling in several hikes. “It has raised jitters in global markets about the possibility at least of a more aggressive move by the ECB,” said Phil Shaw, chief economist at Investec in London. “There were reports overnight that some hawks on the governing council thought her comments yesterday seemed to rule out a 50-basis-point hike, but her remarks today appeared to leave that on the table,” he said. Germany’s 10-year Bund yield fell 7.3 basis points to 0.951%.Treasury yields fell to one-month lows as those on benchmark 10-year Treasury notes fell 13 basis points to 2.729%.The dollar index fell 0.343%, with the euro up 0.38% to $1.073. Lagarde’s comments in a blog post on Monday and a swing that drove the U.S. currency to two-decade highs reinforced tactical weakness in the dollar, said Bipan Rai, North America head of FX Strategy at CIBC Capital Markets. “The broader macro backdrop still supports the risk-off take,” Rai said. “The dollar still has more room to run over the medium term.” DISAPPOINTING DATAMarkets took some comfort from U.S. President Joe Biden’s comment on Monday that he was considering easing tariffs on China, and from Beijing’s continuing promises of stimulus. Unfortunately, China’s zero-COVID-19 policy and its lockdowns have already done considerable economic damage.JPMorgan cut its forecast for second-quarter Chinese gross domestic product to -5.4% from a prior -1.5% after disappointing data in April. On an annualized basis, its global forecast for the quarter is 0.6%, the weakest since the great financial crisis outside of 2020. U.S. crude oil recently fell 0.05% to $110.23 per barrel and Brent was at $113.76, up 0.3% on the day. Spot gold added 0.8% to $1,867.57 an ounce. [ad_2] Source link