Wall Street and the Gig Economy

Wall-Street-and-the-Gig-EconomyThe past few years have seen a major rise in a new industry: the gig economy. People are empowered to be self-employed with easy access to jobs like Uber, Lyft, Door Dash, and Postmates, providing an opportunity to work for yourself and create your own schedule.

This is an appealing prospect for many Americans who face hurdles when trying to access other job opportunities throughout the country. It is also an opportunity for those who are unable to commit to a full-time or regular working-hour schedule.

Wall Street and the gig economy haven’t always gotten along. In fact, the relationship between the two can be described as rocky. But for most of 2020, the gig economy has been one of the very few industries to remain strong and even see a rise in stock prices. Does this change major stockholders’ views on the gig economy? What does the future of the gig economy look like?

Gig Companies Vs. Gig Workers

One major reason why Wall Street is typically sour on the idea of the gig economy is because of the ways that the companies can get away with treating their workers. Individual contractors who are a part of gig jobs rarely get paid any benefits, insurance, or protections, and end up spending more money to fuel their own cars than they can save up, making gig jobs meaningless efforts.

A few years ago, Wall Street Journal reported on the new standards being placed on huge gig economy corporations such as Uber and Postmates. While some gig companies have been slow to adapt to new workplace changes, they have proven to pass the test of time as they are now some of the few companies making a profit in our post-pandemic world.

Gig Impact on Economy Cannot Be Denied

Since 2017, Wall Street has come a long way in recognizing the benefits and usefulness of gig workers and the gig economy And since the release of the federal relief stimulus package in April, the status of independent contractors has changed forever.

Previously, gig workers would never expect to receive unemployment benefits or any form of federal aid, since they are classified as independent contractors under a 1099 instead of employees under a W2. Without a W2, workers cannot get benefits and must pay self-employment taxes each year. Wall Street Mastermind goes in much deeper about how the gig economy is starting to change the world and what investors on wall street might be looking for to get more exposure from this market.

The stimulus package and allowance of federal unemployment help has put gig workers on the same level as employees and professionals, cementing the gig economy’s place in society and even on Wall Street. Gig company stocks continue to rise, especially those involved in food and grocery delivery services.

Without gig workers, life in quarantine would be nearly impossible. Now, there is an app for just about anything you need, from food delivery to virtual medical help. While many people are still slow to accept the necessity and value of gig economies and the gig worker, it is undeniable that this industry is currently one of the strongest on the market.

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Why Tesla Stock Continues to Rise on Wall Street

Why-Tesla-Stock-Continues-to-Rise-on-Wall-StreetThe first quarter of 2020 has seen some volatile activity in the way market trends are swinging back and forth. But there are a few companies who seem to be almost immune to the peaks and valleys that are showing up more frequently than ever on Wall Street these days. One such company, Tesla, is currently on its 7th-session winning streak on the market.

The stock market has seen huge disruptions due to COVID-19, but Tesla remains in a great position to bounce back stronger than ever once the crisis is behind us. As of April 14th, 2020, Tesla stocks were up by 56%.

Tesla’s Wall Street Activity

Even Wall Street veterans are cautious about Tesla’s continual rise in value across its shares. This is largely due to the fact that Tesla is an international company, with production facilities in countries that are allowing businesses to re-open amid virus concerns. One such factory in Shanghai, which is actually being defined as a gigafactory, has been reopened. If you’re loving all this news about wall street, you should visit Sam Shiah Wall Street online prep course to learn more about how you can get in on the action.

Tesla is going through what financial pros call “wildly speculative trading”, and it is becoming harder and harder to predict what’s going to happen to Tesla day after day. In fact, they reached almost $1,000 per share at one point before their stock prices went back down a little bit. But consistently, Tesla has been on the rise.

Tesla Got Short Squeezed

Since Tesla had such a stellar quarter at the end of last year, it boosted them well into 2020, which is clearly reflected by rising stock prices. Every financial analyst on top of the company also predicted an even bigger increase in prices, causing a short squeeze. Suddenly, everyone was buying back their shares, but this only increased the demand for Tesla stock.

Because of this short squeeze, Tesla shares rose higher in value because of the higher demand coupled with less availability. This doesn’t mean that Tesla is without concerns, however.

Due to the coronavirus, it is possible that the planned release of the new Model 3 will be delayed across several countries, which financial analysts are suspecting will cause a bit of a downturn in stock prices. But as of right now, shares are still rising in value.

Thank Credit Suisse

The Wall Street Journal notes that Credit Suisse is responsible for Tesla’s rise in stock popularity despite the unavoidable crash caused by COVID-19. Credit Suisse offered Tesla a big of an upgrade, putting the company in a much better place to emerge from the global pandemic unscathed when compared with other auto manufacturers.

These are the latest gains in Tesla’s Wall Street activity, putting rising stock prices at that magical 56%.

Should You Invest in Tesla Stock?

With the market as volatile as it is right now, it’s difficult to say whether an investment in Tesla will do you good in both the short-term or the long-term. In fact, this is such a popular question that, when typing “Should I” into Google, one of the autocompleted answers comes up as, “Should I sell Tesla stock?”.

As of right now, it’s clear that Tesla is on a hot streak, and it might be a good idea to get in on the game. Despite the murky waters the Wall Street market has found itself in, there are companies like Tesla that are still finding success and finding ways to rise in value and popularity.

Growing Your Property Investment Portfolio: Ways to Build a Passive Income

 Growing-Your-Property-Investment-Portfolio-to-build-a-passive-income“Real estate is an imperishable asset, ever-increasing in value. It is the most solid security that human ingenuity had devised. It is the basis of all security and about the only indestructible security.” – Russell Sage

Part of being a responsible adult is to ensure that you have an income when you reach retirement age. Additionally, the amount you need to save is ever-increasing in value because of the rising median age of the elderly.

Retirement funds are traditionally saved through a variety of investment vehicles such as retirement annuity funds, growing a stocks and bonds investment portfolio tradable on one or more of the global stock exchanges, as well as the purchase of investment properties.

Your property investment portfolio: Purchasing and managing rental properties

While all of the investment vehicles mentioned above are valid and useful, the judicious purchase of residential property as an investment can, and must, be considered a wise choice. As the quotation mentioned above by Russel Sage notes, “real estate is an imperishable asset.

In other words, a purchased property gains value as time goes by; therefore, it makes sense to include the purchase of residential properties as a fundamental part of your overall retirement investment portfolio.

At this juncture, it is vital to note the following caveat:

Real estate does not lose value over time if it is well-maintained and cared for continuously.  Therefore, the question that must be asked and answered is: “How do you, as the investment property portfolio owner, ensure that the properties included in this portfolio not only retain their original value, but they increase in value?”

The succinct answer is to this question is to hire a service focused HOA management company to manage your entire portfolio.

The advantages of contracting a property management company

By way of expanding on this short answer, it is vital to note that there are several benefits to hiring a professional, highly-skilled, and knowledgeable third-party to ensure that your investment portfolio increases rather than shrinks in value.

Here are some of the more important benefits of hiring a professional property manager:

The timeous collection of rental payments

According to Shelly Hagan, in her article titled “Almost 40% of U.S. homes are ‘Free and Clear’ of a mortgage”, less than 40% of all properties are purchased without the need for a successful mortgage application.

This figure translates into the fact that over 60% of all properties are purchased via the mortgage vehicle. And, these mortgages need to be repaid every month using the rental income. If the tenant does not pay the rent on time, the mortgage repayment cannot be met for a particular month; resulting in a default on the property owner’s part.

Source suitable tenants

Additionally, along a similar vein, it is vital to ensure that the tenants that sign the rental contract not only pay the rent on time but that they do not destroy the property during their tenure.

A professional property management company is skilled at, and well-versed in, ensuring that suitable renters are procured to let one of your properties. They run background checks, credit checks, and do whatever else is needed to make sure that only high-quality, responsible tenants move in.

Final thoughts

As the quotation by Russel Sage mentioned at the outset of this article highlights: Investing in real estate “is the most solid security that human ingenuity had devised.” Consequently, it is well worth considering and prioritizing.

 
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Expert Tips to Maximize Your Returns on Cashing Gold Jewelry for Emergencies

In the fluctuating economy of today, we can see that gold is more accepted as an investment than stocks. The price of gold had gone up to 20 percent in this decade. If you are one among those thousands of Americans who would like to invest in gold and then follow the hottest trends on the block to sell it later by getting back a better value, this is the right time. Expert Tips to Maximize Your Returns on Cashing Gold Jewelry for Emergencies

But, don’t be in a hurry to do it. It is essential to know when the good deals come on the hands of the consumer, and it also crucial to do proper homework before buying or selling their jewelry at the typical gold parties or selling it at the local stores. Better Business Bureau (BBB) of America advises the gold consumers that even though gold parties may be a comfortable way to cash gold, they may not always offer you the best deals.

Here are some tips for the sellers to keep in mind while cashing gold to get the best deals.

Understanding the gold scales

The actual weight of gold will determine the value of it, but various jewelers may use different measures as called a Troy ounce. As per the US standard scales, gold is measured 28 g per ounce when the gold is measured 31.1 g per a Troy ounce. Some of the dealers may also follow the unit of weight as pennyweight (dwt) to measure the Troy ounce, and some other may use grams as the measure. A pennyweight is about 1.555 grams. So, while selling, always be alert that the dealers don’t weigh your gold by pennyweight and they pay you based on grams, which is a sneaky trick used by fraud dealers to devalue gold and pay out less for it.

Understanding Karats

The purest form of gold is 24 karat, which is too soft and malleable and cannot be used to make any jewelry.  So, gold is mixed with other metals to form alloys to form it to different products. This mixing is also required for bringing strength, color, and durability to gold. Federal Trade Commission (FTC) also specified that the jewelry items sold in the United States should be described regarding karat purity of the alloy.

One karat is 1/24 of the pure weight of gold. In this way, 14 karats may mean that the jewelry you buy consists of 14 parts of gold and rest ten parts as other metals. The item cannot be marked as gold jewelry if the karat rating is less than 10. So, it is essential for the consumers to know the karat value when we buy gold NY or selling it, to take an informed decision and get the best value for your jewelry. Next, we will discuss some quick smart tips to get the best value on selling gold.

  • Value different karats separately

Don’t value your jewelry of various karats together when trying to buy or sell. Some dealers may try to weigh all jewelry together, which may be of different karats and then pay you the amount worth for the lowest karat ones. So, always separate your jewelry based on the karat specifications before going to a gold party and be vigilant while doing the evaluation.

  • Know the actual rates

Gold price keeps on changing day by day. So, it is ideal to call up a local jeweler or make use of the reliable online resources to know the latest valuation of gold and market price for buying and selling. The dealer who is into this industry for long knows that people are looking for quick cash when they are coming for gold parties and try to take advantage of this haste to offer value lower than actual. So, you have to be well prepared after doing enough homework while attempting sales.

  • Know the buyer

You can check at the jewelry stores online or offline and the gold buyer registry with BBB (online website of www.bbb.org.) You can also find business reviews at this website, which will tell you about the authenticity and reliability of the buyers and you can also check whether there are any complaints registered against them in the past.

  • Know what you go to sell

Some of the items may be more worth when you are selling as they are like the vintage jewelry pieces of the handmade gold articles or so. Some medals or mementos made in gold also may value more than what they are regarding weight and purity. If you have a bracelet of the golden necklace which comes from a celebrity designer or well-known brand, then it may also be valued more some buyers beyond actual.

  • Understand the fine prints

If you select a mail-away type service, then ensure that you go through all the policies, terms, and conditions carefully before taking a decision. On sending items through it, always get it insured. Also, check how long it will take for you to get it reimbursed and how long they will keep the gold before melting it. There may also be a lock-in period to turn down the offer, and it is essential to know this duration too. Always take some photos of the items before sending and ensure that you hold the originals as well as a backup photocopy of the relevant paperwork and filings related to it.

  • Shop around to explore all options

Don’t be in haste of jump in without a second thought when you offer your gold for sales. Similar to buying, you can always shop around to find various bids and also to assess buyers to get hold of the best deal. To make sure that you get the best returns on your gold, always get it appraised by an expert before attempting selling. Buyers do appraise it, but even if it costs you a bit more upfront, it is always ideal for you to get it done by an unbiased appraiser on your own.

Considering all the above points, you also have to be realistic while attempting to sell gold. Gold parties may often be held by neighborhoods or friends, and these may be more about fun than the actual value. Taking all these factors, sellers at typical gold parties may tend to get about 70% to 80% of the actual value of their items.

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