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Robinhood is going to open up down 88%* from its all-time highs. This is equivalent to what the Dow lost during The Great Depression. That happened in just under three years. Robinhood did it in six months. What a disaster. On Robinhood's conference call yesterday, the CFO said: Over time, I'd like to see us having a working capital structure, a capital structure that is more balanced between debt and equity.
After a tight competition that included nearly 300 small business owners, Mazuma USA is thrilled to announce the winner of our first-ever $10K giveaway: Bruce Bassi, founder of TelepsychHealth. Dr. Bassi started TelepsychHealth in 2018 to improve access to mental health services, providing patients with the resources, support, and help they need when and where they need it.
It has been a good while since we’ve done a reader case study here on MMM, but that hasn’t stopped them from arriving in my inbox. And since 2022 is becoming a year of interesting financial changes, it’s time to spark things up again, go back to our roots, and start covering some of the many subjects that are cropping up in this latest incarnation of our economic world.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Earlier in the week we* wrote about how quickly the market moves these days. Not surprisingly, this is having a measurable impact on investors' psyche, and their portfolio. On Monday, Bloomberg highlighted the wave of panic selling: In a spasm of panicked selling early Monday, retail investors offloaded a net $1.36 billion worth of stock by noon, most of it in the first hour, according to data compiled by JPMorgan Chase & Co. strategist Peng Cheng.
There are many obvious perks that come with owning your own business, including setting your own schedule, being your own boss, and having control over your career. But there are also many tax benefits business owners can take advantage of to maximize their profits. Here’s a quick guide that covers important tax deductions for your business. What Will a Deduction Save Me?
Beginning with tax periods that end on or after December 31, 2022, business taxpayers with gross sales of $92,000 or less are NOT required to file a Business Profits Tax return. Previously, this was $50,000. This is an obvious planning opportunity for small businesses that will no longer have to pay to prepare a New Hampshire return, since it’s no longer required.
Beginning with tax periods that end on or after December 31, 2022, business taxpayers with gross sales of $92,000 or less are NOT required to file a Business Profits Tax return. Previously, this was $50,000. This is an obvious planning opportunity for small businesses that will no longer have to pay to prepare a New Hampshire return, since it’s no longer required.
I'm very happy to have Myles Gage with us today. He's the co-founder, Chief Marketing Officer of Rapunzl Investments. It is a mobile application that allows individuals to simulate stock portfolios for you utilizing real-time market data. Myles has been an advocate for encouraging young people to invest in the stock market given his exposure to learning about it in elementary school where he won stock trading competitions and even got to hold Warren Buffet's wallet once!
We've been talking a lot on the podcast about market volatility. A listener emailed us with an interesting take: "I am inclined to think that we all went through quite a volatile period in our personal lives over the last few years and are now projecting that onto our views of the market without any concrete evidence." If you're not watching the market between the hours of 9:30-4, it might not seem like the market is acting all that unusual.
Dear Mr. Market: Finally. It’s here… a bonafide stock market correction. What’s also almost here is Groundhog Day…but more on that in a minute. For those of us with short memories we’ll have to do the necessary preamble and small talk refresher on what this is. For those of you who remember what you did (or were supposed to do/not do) during the last correction, here we go again.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
It’s been a wild ride on Wall Street this week! Monday’s market dip almost put the S&P 500 down over 10%. Investors are worried about their portfolios and their purchasing power. But as a financial advisor, how should you communicate with your clients about market volatility? And can you use the events to find opportunities to get new clients?
Retail traders panicked yesterday. Not all, obviously, but they dumped their shares as a group. Here's Bloomberg : In a spasm of panicked selling early Monday, retail investors offloaded a net $1.36 billion worth of stock by noon, most of it in the first hour, according to data compiled by JPMorgan Chase & Co. strategist Peng Cheng. By his estimate, share disposals were 3.9 standard deviations heavier than the full-day average in the previous 12 months.
Getting noticed when marketing your services online can be a challenge for any industry, including the financial sector. With over 218,000 personal financial advisors in the U.S. and more than 250,000 in Canada it's easy to get lost in the shuffle, especially if you don't have a content marketing strategy in place. Quite literally, there are thousands of financial advisors just like you who are vying for that high ranking on Google in a world where location and proximity no longer matter.
Today’s Animal Spirits is brought to you by Groundfloor. Download the Stairs app here On today’s show we discuss: Why this market is like the Go-Go years Will there be a recession in the second quarter? Warren Buffett is washed up, LOL Grantham is bearish. Seriously this time. Grantham in 2013 18 charts that explain the economy Bitcoiners are underwater Bitcoin is not an inflation hedge.Or is it?
Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Markets amirite? ARKK was down 9% in the morning and finished up ~3% on the day. The Russell 2000 was down more than 2.5% in the morning and finished up more than 2%. This is pretty rare. As you can see on the chart below, it's happened near or at previous bottoms, like 2002 and 2020. But its also happened near, well, not bottoms, like 2007 and 2008.
It's hard to stay optimistic when you're losing money. When markets get volatile, we often hear people say, "ignore the noise." But telling people to ignore the noise is telling people not to be people. It's not practical advice. It's important to contextualize short-term losses, but we can do better than this. Morgan Housel spoke about this idea, helping to reframe how we think about bear markets and recessions.
This market is savage. The index finally cracked, but many individual names are splattered on the cement. The last time stocks gave up intraday gains like this was during the dotcom bubble. Here's an extreme example of the carnage. In early November, Peloton was down 50% from the highs before reporting earnings. It fell 35% that day after a dumpster fire of a report.
Articles Supply is a b h (By Howard Lindzon) Great quarter guys ( By Marc Rubinstein) In 1959, the average family spent 19 percent of their budgets on food. That fell to 7 percent in 2019 (By Timothy B. Lee) Working for mysterious billionaires with a “go anywhere” strategy seemed exciting. (By Frederik Gieschen) There are two main reasons why people sell investments: because they’re up and because they’re down.
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
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