Unclaimed Bitcoin; Triumph of the Robinhoods

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NEW YORK, NEW YORK – JULY 29: Baiju Bhatt and Vlad Tenev attend Robinhood Markets listing day on … [+] July 29, 2021 in New York. (Photo by Cindy Ord / Getty Images for Robinhood)

Getty Images for Robinhood

A fintech company’s most anticipated initial public offering this year has finally collapsed. Robinhood, the smartphone investing app that sparked a rush of free stock trading among discount brokerages, hit the Nasdaq NDAQ Thursday morning at $ 38 a share, falling about 8% in the afternoon. Yet its co-founders are set to make billions in a forever changed retail investment landscape. Forbes is keeping a close eye on the public offering, as well as the latest news on the moratorium on evictions, affordable real estate investments, tax hikes (or cuts), and more.

The market takes height

Despite some glaring hiccups during its rapid rise and rocky public debut, the rise of Robinhoods is a triumph of entrepreneurship and innovative marketing, argue Forbes Matt Schifrin and Antoine Gara. Asset managers look at the IPO not as investors, but as potential competitors. In the final leg of the mind-blowing stock market journey, GameStop will join the S&P MidCap 400 Index, a popular index fund, next week. Finally, 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 request a rebate directly. And with three days until the moratorium on Uncle Sam Covid-19 deportations expires, President Biden is calling on Congress to pass an emergency extension of the federal ban.

New graphic: Hyper-inflation at the pump

GasBuddy.com

Source: GasBuddy.com

From one 401 (k) to another …

Transferring pension funds from one account to another is a fairly common practice, but it can be a real headache. Here are some tips to make the process easier. The low or no interest family loan, which provides immediate help to children or grandchildren instead of forcing them to wait for an inheritance, could also prove to be excellent hedge against proposed federal tax hikes. When planning to manage your cash flow during retirement, don’t overlook the benefits of withdrawing your withdrawals every six months.

Walmart University WMT

In the aftermath of the 2008 recession, homeownership became increasingly inaccessible to the middle class, and then the pandemic occurred. Rapidly rising house prices have excluded many potential first-time buyers from the market, but what about other ways to invest in real estate? With used car prices up about 27%, learn how to negotiate for the best possible deal on your auto loan. In the student loan news, Walmart, the largest private employer in the United States, will now help its associates pay for their education at some institutions.

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