Investormint https://investormint.com Personal Finance Tools and Insights Fri, 08 Jan 2021 22:41:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.3 https://investormint.com/wp-content/uploads/2017/02/cropped-investormint-icon-649x649-20170208-32x32.png Investormint https://investormint.com 32 32 Bill.com Review https://investormint.com/small-business/bill-com-review https://investormint.com/small-business/bill-com-review#disqus_thread Fri, 08 Jan 2021 18:40:35 +0000 https://investormint.com/?p=14035 Keeping track of accounts payable and accounts receivable is a critical business function, whether you are a sole proprietor or you have a multi-million dollar company. It doesn’t matter how much demand there is for your products and services if

The article Bill.com Review was originally posted on Investormint

]]>
BILL.com SPOTLIGHT
bill dot com logo

InvestorMint Rating

4.5 out of 5 stars

  • Enterprise class fraud prevention
  • High ROI On Price vs Time Savings
  • Ideal for SMBs

via Bill.com’s secure site

Keeping track of accounts payable and accounts receivable is a critical business function, whether you are a sole proprietor or you have a multi-million dollar company.

It doesn’t matter how much demand there is for your products and services if you don’t get paid. And you can’t operate if the lights go out because you overlooked a past-due bill.

At one time, the entire accounts payable and accounts receivable process was paper-based, and accountants or finance professionals did this work by hand.

The rollout of accounting software like Quickbooks, Xero, Intacct, and NetSuite added some automation, but even these platforms don’t eliminate manual accounting tasks.

Bill.com integrates with popular accounting software, then takes the digitization of accounting functions a step further. 

  • Invoices go out electronically, payments are made online, and the whole process of sending and receiving funds is managed through a single intuitive user interface.

It’s no wonder small and medium-sized businesses are moving away from traditional paper-based invoices, checks, and similar. For most companies, the time savings alone offsets Bill.com fees.

Accounting firms have gotten on-board with the digital service as well, and Bill.com boasts that its users include more than 80 percent of the top 100 US accounting firms.

bill com review

Bill.com Features Include Enterprise Class Fraud Detection

Bill.com is focused on simplifying the accounts payable and accounts receivable process, and that is made clear in its long list of features. The most compelling are these:

  • Electronic payments to US and international vendors
  • Digital invoices
  • Automated reminders
  • Electronic payment acceptance capabilities
  • Document storage and retrieval
  • Mobile app
  • Automated data entry 
  • Integration of popular accounting software
  • Comprehensive dashboard
  • Enterprise-class fraud protection 

Of course, the question is, how do these features help you?

Where Bill.com Stands Out

Bill.com users can’t stop talking about the time they save through automation of accounting functions. These are the biggest advantages of the Bill.com platform:

  • The move from paper checks to electronic payments means outstanding accounts payable are resolved faster. Choose from ACH payments, Vendor Direct virtual card payments, checks, or international wires.
  • Digital invoices reduce the need to print and mail documents, then follow up to confirm receipt.
  • When invoices aren’t paid promptly, the system sends reminders automatically – that means less time spent on administration for you.
  • No need to create a costly merchant account or concern yourself with the logistics of ACH payments. Bill.com handles electronic payments behind the scenes in a process that is fast and seamless for you and your clients.
  • The problem with paper is you have to put it somewhere – and chances are you will spend hours searching for specific documents when you need them. Bill.com stores accounts payable and accounts receivable data for you in a manner that makes it easy to retrieve.
  • The Bill.com mobile app lets you manage billing and payments on-the-go.
  • The system is built to save you time, and that means reducing the need for manual data entry. Bill.com software captures invoice details and imports them for your review.
  • Because Bill.com connects with the accounting software you already use, you won’t have to enter information twice. Details are synced with the software of your choice in real-time, so both sets of data stay current.
  • Your dashboard gives you visibility into the state of your accounts payable and accounts receivable at a glance, so nothing is overlooked.
  • Moving money through Bill.com gives you fraud protection at a level not otherwise available to small businesses. 

Where Bill.com Could Be Better?

No platform is perfect, and some Bill.com users point out areas that still need work. These are the primary disadvantages of using the Bill.com platform.

  • Occasional difficulties with the user interface have cropped up since Bill.com revamped its look and added features in 2020. The new features have been well-received, but they have caused the system to slow down a bit.
  • Some users have trouble with the scanning function that is intended to import invoice information into the system.
  • A minority of Bill.com users indicate customer service is not responsive.

Bill.com reviews are overwhelmingly positive, and even the negative remarks reference elements of the platform that need tweaking – not a complete overhaul.

It’s important to note that both the fans and the critics agree on one thing across the board: Bill.com’s pricing vs time saved delivers a strong return on investment.

Bill.com Pricing and Plans

There are four distinct Bill.com plans. The features expand as pricing increases, which is a benefit for small businesses.

Those who need simple accounts payable or accounts receivable software can choose a less expensive plan that provides just the right level of support.

When the business grows and needs change, upgrading is fast and easy.

Essentials Plan – $39 per user/month

The Bill.com Essentials plan focuses on basic accounts payable and accounts receivable functions. Features available in this package include the following:

  • Manage either your accounts payable or your accounts receivable (not both)
  • Import and export data
  • Up to five standard user roles
  • Access to standard approval workflows
  • Unlimited digital document storage
  • Payment support
  • Membership in the Bill.com Business Payments Network

Team Plan – $49 per user/month

The Bill.com Team plan focuses on basic accounts payable and accounts receivable functions, but it adds the ability to sync with your accounting software.

  • Manage either your accounts payable or your accounts receivable (not both)
  • All features included in the Essentials plan
  • Integration of accounting software like Xero, QuickBooks Pro, QuickBooks Online, and QuickBooks Premier
  • Create customized user roles based on business needs

Corporate Plan – $69 per user/month

The Bill.com Corporate plan offers the option to manage both accounts payable and accounts receivable functions for one price.

  • Manage accounts payable and accounts receivable
  • All features included in the Essentials and Team plans
  • Streamline invoices and payments through automation tools
  • Create customized user roles that include “approver-only” capabilities
  • Create customized approval limits.

Enterprise Plan – Custom Pricing

The Bill.com Enterprise plan is intended for larger, more complex businesses that require customized functionality for unique needs.

Virtually all of Bill.com’s features are accessible through this plan, and the pricing is tailored to how the software is used within the organization.

  • Manage accounts payable and accounts receivable
  • All features included in the Essentials,Team, and Corporate plans
  • Integrates with NetSuite, Intacct, and QuickBooks Enterprise
  • Supports accounting files in multiple entities or locations
  • Offers API access to Bill.com
  • Allows importing and exporting data with Microsoft Dynamics

All plans come with a free trial period, so you can explore and test the system risk-free.

Other Bill.com Fees

The monthly subscription fee covers all Bill.com features, but there are fees assessed by financial institutions and postal shipping services for certain transactions you make through the platform.

These are passed onto you separately from your monthly Bill.com fee, as follows:

  • Sending or receiving an ePayment – $0.49/each
  • Sending or receiving an ACH payment – $0.49/each
  • Bill.com printing/mailing services for checks and invoices – $1.69 for each check or invoice processed
  • Merchant fees for credit card payments – Level 3 processing rates
  • International wires sent in USD – $9.99 each

These prices do not include relevant sales tax.

Bill.com Reviews by Customers

Customers are enthusiastic about the time they save through the Bill.com platform. Examples of Bill.com user comments include the following:

  • “There are multiple dashboards where you can see the status of your payables on one screen which is convenient. Also, the reporting features are great.”
  • “Bill.com has approval workflows. These make it easy to control your payables and avoid fraud.”
  • “It notifies you of the different stages as a payment is coming through which relieves anxiety/stress of getting paid.”
  • “The system is useful for companies with multiple US and international locations. Accounts payable is centralized and automated with Bill.com.”

Even the reviewers who give five stars might mention areas whether the platform could be better. Examples of Bill.com review comments that point out the need for improvement include the following :

  • Bill.com recently implemented a new interface. It can be confusing at times. 
  • Setting vendors up on ACH/EFT can be tough for tech-challenged folks.

The good news is that Bill.com has friendly, helpful customer service staff ready to assist with any issues.

Bill.com Security Features

Companies that have not yet transitioned to web-based accounting services point to one primary concern: security.

Cybercrime is more prevalent than ever, and managers want to avoid fraud and theft of data at all costs.

Bill.com relies on cutting-edge security features to ensure that transactions are encrypted and data is safe. It points out these ways your business is protected when you use Bill.com:

Account Security

Bill.com is committed to ensuring that your account can only be accessed by you.

The software requires strong passwords and two-factor authentication to view any confidential data, and that information is transmitted over a secure channel.

If you forget to log out of your account, don’t worry. Bill.com will log you out automatically if there is no activity.

Network Security

In addition to protecting your account from unauthorized access, Bill.com ensures that its network remains secure against intruders.

It uses state-of-the-art cyber security software that includes intrusion detection features, and the network is constantly monitored for any signs of compromised services.

Data Security

Your information is protected by several levels of encryption, preventing unauthorized users from stealing the data. As it moves through the web during digital transactions, data is protected with TLS (Transport Layer Security), which is the industry standard.

Finally, data is backed up at co-location centers, so you won’t lose your information in case of an emergency or disaster.

All data centers are operated by industry experts, and all Bill.com employees go through a background check and data security training upon hire.

Payment Fraud Protection

When you use Bill.com’s digital payment and check services, you don’t have a book of blank checks hanging around. That is, itself, a critical measure for reducing fraud and theft.

Bill.com Review Summary

When it comes to overall features, pricing, and popularity, Bill.com is the top choice for small and medium-sized businesses.

The platform simplifies and streamlines processing of accounts payable and accounts receivable, reducing the time spent on manual data entry and follow-up. That’s a win for businesses of any size.

The article Bill.com Review was originally posted on Investormint

]]>
0
How To Buy SoFi Stock https://investormint.com/investing/how-to-buy-sofi-stock https://investormint.com/investing/how-to-buy-sofi-stock#disqus_thread Wed, 16 Dec 2020 18:35:39 +0000 https://investormint.com/?p=14023 When SoFi has an initial public offering (IPO) it will be possible to buy shares on an exchange but currently SoFi remains a private company.

The article How To Buy SoFi Stock was originally posted on Investormint

]]>
SoFi sets itself apart in the automated investment industry, because it doesn’t require members to fly solo if they want to save on costs. It offers unlimited phone access to Certified Financial Planners with absolutely no fees.

Considering there is also no minimum balance requirement and SoFi doesn’t charge other account maintenance fees, it’s a great choice for those just starting out in the market.

sofi automated investing review

SoFi gives its member investors the ability to trade stocks and a selection of Exchange-Traded Funds (ETFs). In addition, it is possible to trade cryptocurrency, which is one of the most innovative asset classes of the 21st century.

SoFi caters to investors who do not count themselves in the high-net-worth category, so it is possible to buy fractional shares when whole shares are too costly through the SoFi program known as “Stock Bits”. Investors who can’t otherwise afford Amazon at around $3,000 per share can still “get in” on the game.

That’s just the tip of the iceberg of what the company offers which may have you wondering how to buy SoFi stock?

SoFi 101

SoFi is committed to providing educational resources to its members. There is a comprehensive collection of training tools and educational materials that cover everything from basic financial literacy to advanced investment strategies.

There are also resources designed to support the setting and achievement of short-term and long-term financial goals, which can be helpful to anyone interested in creating a workable financial plan.

SoFi gives its members additional perks that aren’t matched by any of its industry peers. These include no-fee estate planning, career planning resources, and bonuses for referring new members.There is even a social network for SoFi investors that adds a community feel to the platform.

SoFi Powers The Digitization Of Investing

Over the course of the past two decades, much of the world has transitioned to a digital lifestyle.

An abundance of resources are available through home computers and mobile devices, making it possible to do everything from shopping for groceries to researching obscure medical conditions anytime, anywhere. The best part is that all of these tools are available to anyone with an internet connection.

New investing platforms are one of the most innovative developments in the digital world. Instead of paying large commissions and fees to brokerage firms, individuals can access investment opportunities through automated or robo-advisory services.

There are several that lead the industry, thanks to the quality of their technology, as well as the educational and service they provide. Examples include Betterment, Wealthfront, Robinhood, and SoFi.

SOFI SPOTLIGHT
sofi logo 2019

InvestorMint Rating

5 out of 5 stars

  • Management Fees: 0.0% of assets invested
  • Account Balance Minimum: $100

Each has a unique mix of features and benefits designed to appeal to specific types of investors.

Membership in these services is growing rapidly, leading to impressive bottom line results. Some investors want to be a part of that growth by purchasing robo-advisor stock.

The question is how to buy SoFi stock or shares in one of the other platforms? Let’s get to that but first what else does SoFi do?

Is SoFi A Private Lender?

Aside from its investment-related services, SoFi is a private lender that primarily works in the student loan space. It offers undergraduates private student loans, and it has options for refinancing existing student loans.

The one caveat to refinancing government student loans with SoFi is that you may lose access to certain benefits and programs designed to make repayment easier.

Most find that refinancing their student loans with SoFi makes the most sense when it involves an existing private loan rather than a government-backed loan.

In addition to student loans and student loan refinancing, SoFi has made a number of other lending opportunities available. For example, consumers can apply for personal loans and mortgages through the platform, and once approved, they gain access to all of the other benefits of SoFi membership.

Most recently, SoFi has added a credit card to its product list, and it is well on the way to becoming a full service bank.

Is SoFi Safe?

Many investors wonder, is SoFi safe? The answer is yes – it is as safe as any other online brokerage. SoFi qualifies as a broker-dealer, so it is insured by the SIPC (Securities Investor Protection Corporation).

That’s the broker-dealer version of the FDIC (Federal Deposit Insurance Corporation), which protects banking customers. The SIPC ensures that if the broker-dealer fails, in this case SoFi, you can recoup up to $250,000 in cash or $500,000 in securities.

Keep in mind that this insurance doesn’t protect your account from loss of value due to your investment activity.

If you buy stocks that lose value or you invest in a company that goes bankrupt, you could lose some or all of the money you put in.

SIPC insurance is exclusively used to ensure that if SoFi itself goes out of business, you won’t lose any funds the company is holding on your behalf.

The safety of your funds is probably not the only safety issue on your mind. Digital data breaches are all-too-common, and no one wants their personal information in the hands of cyber-criminals.

SoFi uses state-of-the-art technology to keep your information secure, giving you the peace of mind of knowing that all of your financial details will stay private.

Is SoFi Investing Legit?

SoFi investing has more than one million members, and it operates its own ETFs.

Some of the more uncommon selections include the SoFi Weekly Income ETF, which distributes gains each Friday.

The company also offers the SoFi Gig Economy ETF, which is focused on companies like Square, Upwork, and Fiverr – in other words, the companies that connect freelancers with consumers and rely on shared resources for everything from transportation to housecleaning.

In addition, SoFi offers investors the opportunity to purchase shares in publicly-traded companies, and it is one of the few that makes it possible for members to buy and sell cryptocurrency. SoFi is a licensed broker-dealer, and it must comply with all applicable regulations.

SoFi has developed partnerships with some of the most respected names in the financial services industry. For example, in early October, T. Rowe Price Retirement Plan Services, Inc. announced that it would collaborate with SoFi Student Loan Solutions to increase services available to participants in its robust 401(k) programs.

In short, with its partnerships, oversight, and multi-billion valuation, SoFi investing is most-assuredly legit.

Is SoFi A Public Company?

SoFi was founded in 2011 by Dan Macklin, Mike Cagney, Ian Brady, and James Finnigan. Its headquarters is located in San Francisco.

To date, it has brought in a total of $2.3 billion in funding, and it is valued at $4.8 billion. SoFi has appeared on CNBC’s Top 50 Disruptors list for five years, and it is rapidly making its way to the top. In 2019, it was ranked in 26th place, but it moved to 8th place in 2020.

It remains a privately held company, which means investments cannot be made through the open market.

How To Buy SoFi Stock

The bad news is that SoFi stock is not available on the public stock exchanges right now, since it remains a privately-held company. That’s disappointing for investors who want to be a part of SoFi’s rapid growth.

When SoFi does hold its Initial Public Offering (IPO), which allows any investor to buy and sell shares, chances are SoFi members will be among the first to know, and there will be opportunity to get in on the action through the SoFi platform.

Why You Cannot Buy SoFi Stock

Privately-held companies are those that don’t make their shares available to any interested investor.

Instead, all shares and/or ownership interest remains with the founders, managers, and/or private investors.

In SoFi’s case, it’s all of the above. SoFi raised money to develop its platform through several rounds of private investing.

Alternatives to SoFi Stock

For the moment, there aren’t many publicly traded stocks in the robo-advisory space, but that shouldn’t stop you from looking at opportunities for growing your wealth through shares of today’s biggest disruptors. Examples include Square, Shopify, and PayPal.

If you would like to invest with financial services companies that offer robo-advisory services, consider Fidelity or TD Bank, parent to TD Ameritrade.

When Will SoFi IPO?

In 2019, SoFi’s former CEO said that while an IPO was part of the company’s long-term strategy, there were no immediate plans to offer shares for public trading.

The new CEO, Anthony Noto, has focused on more short-term goals. For example, he has made it clear that the platform will eventually become the number one central financial hub for managing money.

In his statements, there is no indication that an IPO is imminent, but considering the company is moving forward with a wealth of new products, it may just be a matter of time.

The article How To Buy SoFi Stock was originally posted on Investormint

]]>
0
Billy Corgan Net Worth https://investormint.com/celebrity/billy-corgan-net-worth https://investormint.com/celebrity/billy-corgan-net-worth#disqus_thread Wed, 09 Dec 2020 14:33:18 +0000 https://investormint.com/?p=14016 Billy Corgan’s net worth is estimated to be between $50 million and $60 million.

The article Billy Corgan Net Worth was originally posted on Investormint

]]>
Tonight, Tonight. Bullet with Butterfly Wings.
The End Is the Beginning Is the End.

In the 1990s, these Smashing Pumpkins songs were part of the decade’s soundtrack. When they turn up on classic rock stations today, listeners are immediately transported back to a time when Titanic and Jurassic Park were top films, Nirvana, MC Hammer, and Britney Spears were a big deal, and Friends was the top TV show.

Billy Corgan was the face of Smashing Pumpkins, performing as lead vocalist and guitarist in more than 1,300 live shows. While other members of the band came and went, Corgan stayed constant, and he still writes songs and performs with Smashing Pumpkins today.

Billy Corgan’s net worth reflects his many achievements, and his talents have inspired hopeful musicians for more than 30 years.

Of course, music isn’t Corgan’s only claim to fame. His list of accomplishments also includes ownership of the National Wrestling Alliance (NWA) and cameo appearances at Cubs games, where he occasionally throws the ceremonial first pitch.

>> How Much Is David Foster Worth?

Billy Corgan Rise To Fame

Though he doesn’t say much about his parents, it is generally known that Corgan’s father didn’t provide his children with a stable, loving home. What he did provide was an introduction into the world of music.

Corgan’s father was a skilled guitarist, and he encouraged young Billy to listen and learn from music greats like Jimi Hendrix and Jeff Beck. That led to a love of rock and heavy metal, and Billy Corgan was inspired to start a series of bands through his high school years.

By djdroga – flickr https://www.flickr.com/photos/djdroga/5210510075/, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=16241568

The bands were influenced by Black Sabbath, Rush, Queen, and The Cure – though not, perhaps, all at the same time.

Corgan was a strong student, and he had the means to attend college, but he knew early on that his passion was music.

After graduating high school, he headed off to St. Petersburg, Florida, where he performed with The Marked for a few years. Then it was back to Chicago and a temporary stint as guitarist for the band Deep Blue Dream.

In 1988, Corgan saw the potential of his side project, Smashing Pumpkins, and he decided to put all of his attention on taking that group to the top of the music charts.

>> Is Gwen Stefani Rich?

Billy Corgan Smashing Pumpkins

Smashing Pumpkins released their debut album Gish in 1991, and they were as surprised as anyone when it acquired a following among fans.

Their next release, Siamese Dream, came out in 1993, and it was then that Corgan knew he had arrived in the music world. Siamese Dream achieved multi-platinum status, thanks to the widespread popularity of songs Cherub Rock, Today, and Disarm.

In 1995, Smashing Pumpkins released a third album, Mellon Collie and the Infinite Sadness, which was an instant success. It went platinum ten times over, and it received seven Grammy nominations.

The song 1979 was a staple on every radio station, quickly hitting the number one spot on the Billboard charts.

Smashing Pumpkins was invited to promote the album as musical guests on Saturday Night Live, which is an honor reserved for the best of the best in current music.

Unfortunately, once Smashing Pumpkins hit all of the major markers of success in the music industry, the band hit a rough patch and went into decline.

Keyboardist Jonathan Melvoin died of a drug overdose in July 1996, and Corgan put some of the blame on drummer Jimmy Chamberlin, as he was present and participating in drug activity when Melvoin died.

Chamberlin was asked to leave the band, and Smashing Pumpkins went on without him. However, following the tragedy, Smashing Pumpkins’ sound changed, and sales of the 1998 release Adore were muted at best.

Smashing Pumpkins released a final album in 2000, titled Machina/The Machines of God. It was even less successful than Adore, and by the end of the year, Corgan announced the band would break up.

Each member of the band went on to pursue other projects. However, Corgan’s heart really wasn’t in it. He regularly lamented the loss of Smashing Pumpkins, telling fans he was “naive to think that I could find something that would mean as much to me.”

Corgan brought Smashing Pumpkins back from the grave with full-page newspaper announcements in June 2005. The reformed group performed its first show together in May of 2007.

While the band hasn’t seen the same sort of popularity it enjoyed in the 1990s, Smashing Pumpkins has released a number of albums that were quite well-received. These include:

  • Zeitgeist (2007)
  • Oceania (2012)
  • Monuments to an Elegy (2014)
  • Shiny and Oh So Bright, Vol. 1 / LP: No Past. No Future. No Sun. (2018)

The band’s newest album, Cyr, came out in November 2020.

>> How Wealthy Is David Lee Roth?

Billy Corgan Solo Career

After the breakup of Smashing Pumpkins in 2000, Billy Corgan went on to form a new band, Zwan.

The group released a single album and held a few live shows, but it didn’t find success anywhere near that of the Smashing Pumpkins.

Zwan broke up in 2003, and Corgan pursued a number of solo projects. He presented original poetry to a live audience, and he published a book of poetry in 2004 titled Blinking with Fists.

Corgan released a solo album, The Future Embrace, which didn’t receive much attention. He also released a custom vinyl record he called AEGEA. Only 250 copies were made, and the few that remain are considered valuable collector’s items.

Though Smashing Pumpkins got back together, Corgan didn’t abandon his solo career. He released another album Ogilala in 2017 and a third, Cotillions, in 2019.

>> What Is Ashley Tisdale’s Net Worth

Billy Corgan Wrestling Career

Up until high school, Billy Corgan was quite an athlete. Though he moved on to music, he always held a deep love for his favorite sports. He is a passionate Cubs fan, and he frequents their games. On occasion, he has thrown the ceremonial first pitch at home games.

After the height of Smashing Pumpkins’ success, Corgan developed an interest in professional wrestling.

In 2011, he created a wrestling promotion he named Resistance Pro, and in 2015, he was hired for a senior position at Total Nonstop Action Wrestling.

The relationship with Total Nonstop Action Wrestling soured, and Corgan decided to strike out on his own again. In 2017, he bought the National Wrestling Alliance, which he still operates today.

>> How Much Money Does Hugh Laurie Have?

Billy Corgan Political Beliefs

Billy Corgan’s political beliefs appear somewhat nebulous. He has publicly stated that he voted for Bill Clinton, and he hasn’t voted in an election since.

He was vocal about his support for Barack Obama, though he later said that he was less-than-impressed by Obama’s actions once he took office.

After the first Obama term, Corgan made it clear that he no longer trusted either of the two primary United States political parties.

He has appeared on controversial and conservative radio programs, and he has classified himself as a free-market libertarian capitalist.

>> How Rich Is Anthony Hopkins?

Billy Corgan Religious Beliefs

While Billy Corgan was born and raised in the Catholic faith, his philosophy on religion has evolved over the years. He created an interfaith website that focuses on the integration of mind, body, and soul, and he works with believers, non-believers, and those who question their faith to explore some of life’s biggest mysteries.

When Corgan discusses his religious beliefs, the conversations often take on a supernatural tone. He says he has witnessed psychic phenomena first hand, and he said he met a shapeshifter during his world travels.

Like many people, Corgan is still delving into the concept of faith and working towards understanding of what faith means to him.

>> Nick Cannon Net Worth

Billy Corgan Awards and Honors

Billy Corgan reached the pinnacle of his music career in the mid-1990s, and the world of music awards welcomed him and his band with open arms.

In 1996, Smashing Pumpkins won an MTV Europe Music Award in the Best Rock category.

It also won a series of MTV Video Music Awards for the song Tonight, Tonight. That year, the MTV Video Music Awards recognized 1979 in the category of Best Alternative Video.

In 1997, Smashing Pumpkins was named Best Alternative Artist at the American Music Awards.

That same year, the band won a Grammy for Best Hard Rock Performance for the song Bullet with Butterfly Wings. Smashing Pumpkins won another Grammy Award in 1998 in the same category for The End is the Beginning is the End.

>> How Much Money Does Denzel Have?

Is Billy Corgan Married?

The life of a rock star isn’t easy – at least not when it comes to relationships. Billy Corgan married his longtime girlfriend Chris Fabian in 1993, but the two separated in 1995. By 1997, they were divorced, and Corgan indicated that the experience was one of his life’s greatest tragedies.

After his separation from Fabian, Corgan began a relationship with photographer Yelena Yemchuk. The two were together for nearly nine years, but they never married.

There was a brief relationship with musician Emilie Autumn in 2005, but that ended quickly.

Corgan then lived with Courtney Love and her daughter for a period, but that relationship ended badly. Much of the drama ended up in the public domain, thanks to back and forth sniping over social media.

There were several other relatively short relationships, none of which led to marriage. In 2013, Corgan began seeing Chloe Mendel, and the two have since welcomed a son and a daughter.

>> How Rich Is Gary Vee?

Billy Corgan Net Worth Summary

After decades of success in the music industry and an expansive career in professional wrestling, Billy Corgan’s net worth is estimated between $50 million and $60 million.

Overall, Billy Corgan has lived the life of a rock star, dating some of the world’s most beautiful entertainers, traveling the world, and dealing with the impact of excessive drugs and alcohol.

He’s been at the top of the industry, worked as a solo artist, and explored the many sides of his personality and character through his singing and songwriting.

Billy Corgan’s net worth of between $50 million and $60 million gives him the resources he needs to live the lifestyle he wants. He can afford to pursue new opportunities and participate in projects that interest him, as he doesn’t need to put a paycheck at the top of his priority list.

>> Is Demi Moore Rich?

The article Billy Corgan Net Worth was originally posted on Investormint

]]>
0
Billy Crystal Net Worth https://investormint.com/celebrity/billy-crystal-net-worth https://investormint.com/celebrity/billy-crystal-net-worth#disqus_thread Wed, 25 Nov 2020 09:56:00 +0000 https://investormint.com/?p=14009 Billy Crystal’s net worth is estimated to be approximately $60 million from his TV and movie appearances primarily.

The article Billy Crystal Net Worth was originally posted on Investormint

]]>
Billy Crystal, born William Edward Crystal, is one of the most versatile actors on the big screen today. His career spans 50 years, and in that time, he has written, directed, acted, hosted, and produced dozens of projects.

He appeared in classics like The Princess Bride, When Harry Met Sally, and Monsters, Inc., and he has hosted the Grammys and the Academy Awards.

Some fans are focused on Crystal’s comedic roles, while others prefer his skills as a dramatic actor. However, the vast majority of Crystal’s audience enjoy the full span of his work, as he has the rare ability to turn any project he takes on into entertainment gold.

Billy Crystal Rise To Fame

Billy Crystal is a New York City native from a family with deep roots in the entertainment industry. His father was a record label executive and jazz promoter, which gave Crystal an early look at life on-stage.

After high school, Crystal tested out a couple of college programs before landing at New York University. There, he focused on television and film directing, and he had the good fortune of studying under renowned director Martin Scorsese.

After graduation, Crystal dove into stand-up, appearing in clubs throughout New York. Two of those included Catch a Rising Star and The Improv, where many stand-up comedians got their start.

Of course, comedy gigs didn’t bring in quite enough to pay the bills, so he also worked as a substitute teacher.

He almost made it into the first season of Saturday Night Live, but things didn’t quite work out.

Crystal decided the time was right to seek his fortune on the West Coast, and he moved to Los Angeles in the mid-1970s.

>> How Much Is Don Johnson Worth?

Billy Crystal Arrives In Los Angeles

Crystal appeared in a few made-for-tv movies shortly after he arrived in LA, but he generally considers the first step in his on-screen acting career to be his role as Jodie Dallas in the sitcom Soap.

Soap ran from 1977 to 1981, giving Crystal an opportunity to make a strong impact on the industry and on viewers, as Dallas was one of the first gay characters to appear on television.

Over the same period, Crystal appeared in his first film, Rabbit Test (1978). He played the first pregnant man.

Once Soap ended, he was awarded his own comedy show – the Billy Crystal Comedy Hour. This program didn’t last long, but Crystal wasn’t disappointed.

billy crystal net worth

Soon after, he hosted Saturday Night Live. That led to a spot in the Saturday Night Live cast, which he held for one season.

Fans’ most vivid memories of Crystal’s time on Saturday Night Live tend to lean towards his portrayal of a talk-show host, which was the foundation of multiple sketches.

He came up with the catchphrase “You look… maaaaahvelous….” – a quote that still works its way into the national conversation from time to time.

There were too many opportunities to stay in one place, so Crystal moved on from Saturday Night Live.

He made Running Scared (1986) and launched Comic Relief with peers Whoopi Goldberg and Robin Williams.

This proved to be the turning point in Crystal’s career. He landed roles in This is Spinal Tap (1984), Throw Momma from the Train (1987), The Princess Bride (1987), and When Harry Met Sally… (1989).

Suddenly, Crystal was a sought-after star in the enviable position of picking and choosing his projects.

Billy Crystal TV Career

When it comes to the small screen, Billy Crystal has done a bit of everything.

He has hosted awards shows, written and starred in sitcoms, and made brief appearances on popular programs like All in the Family, Muppets Tonight, and Friends.

He was a guest on late-night staples, including The Tonight Show with Jay Leno, and he even tried his luck on game shows like All Star Secrets, Hollywood Squares, and The $20,000 Pyramid.

>> How Rich Is Tarantino?

Billy Crystal Movies

After When Harry Met Sally…, all sorts of doors opened up to Billy Crystal.

In 1991, he starred in the comedy City Slickers, and he produced, co-wrote, and starred in the combination comedy-drama film Mr. Saturday Night (1992), followed by Forget Paris (1995) and Hamlet (1996).

He even landed a role in one of Woody Allen’s films, Deconstructing Harry (1997).

In 1999, Crystal made another of the films that would define his career. He starred as the reluctant psychiatrist to mob boss Paul Vitti, played by Robert De Niro, in the hit comedy Analyze This.

The movie was critically acclaimed, which led to a sequel, Analyze That, in 2002.

How Many Times Did
Billy Crystal Host the Oscars?

Lots of big names have appeared on the Oscar stage, not only as award winners, but as hosts of the annual ceremony.

Billy Crystal is one of the most memorable, not just because of his skillful facilitation of the program, but because he hosted nine separate times. That’s almost a record – only Bob Hope has more Academy Award ceremonies to his credit.

Hope was the Academy Awards host for 19 years, though these were not consecutive.

Hosting the Academy Awards is an honor reserved for America’s top entertainers. Other notable hosts include Johnny Carson, who hosted five times, Whoopi Goldberg, who took on the role four times, Ellen DeGeneres and Chris Rock who hosted twice, and Hugh Jackman, Steve Martin, and Frank Sinatra, each of whom hosted the ceremony once.

>> Is Demi Moore Rich?

What Does Billy Crystal Do Now?

Fifty years into his acting career, and Billy Crystal is still going strong.

He wrote a book, Still Foolin’ ’Em: Where I’ve Been, Where I’m Going, and Where the Hell Are My Keys? in 2013, and he created and played a lead role in the 2015 sitcom The Comedians.

Recent films include Parental Guidance (2012), Untogether (2018), and his latest project Standing Up, Falling Down (2019).

Crystal remains an important part of the Monsters, Inc. franchise as the voice of the beloved Mike Wazowski. Disney+ has a new Monsters, Inc., series to be called Monsters at Work coming soon, and Crystal will lend his talents to the character once again.

It’s important to note that Crystal’s talents go beyond acting, directing, and producing.

He is the author of books and plays, some of which share intimate details of his life in the world of entertainment.

Titles include:

  • Absolutely Mahvelous (1986)
  • I Already Know I Love You (2004)
  • 700 Sundays (2005)
  • Grandpa’s Little One (2006)
  • Still Foolin’ ‘Em: Where I’ve Been, Where I’m Going, and Where the Hell Are My Keys? (2013)

The audiobook version of this last title was nominated for a Grammy Award in the category of Best Spoken Word Album.

>> What’s Michael Strahan’s Net Worth?

How Much is Billy Crystal’s Net Worth?

The beauty of a long and successful career is that eventually, you become self-sufficient.

Crystal has now accumulated enough wealth to turn down projects that don’t interest him. When projects that do interest him are few and far between, he has the resources to create his own opportunities.

Based on his assets, estimated compensation for various projects, and residual  income streams from roles he played over the years, industry experts believe Billy Crystal’s net worth to be approximately $60 million.

>> How Much Money Does Ben Affleck Have?

Billy Crystal Awards and Honors

Billy Crystal has been tapped to host a long list of recognition ceremonies, but he is no stranger to being on the receiving end of awards and honors.

He has been nominated for 21 Primetime Emmy Awards, and he won six times. Two of these awards were the result of his work in writing and hosting the Academy Awards.

Crystal earned a Tony Award – Best Special Theatrical Event – for his one-man play 700 Sundays. The piece offered insight into his childhood, and he performed the two-act show across the United States and throughout Australia. Later, HBO filmed the show and released it to the small screen in 2014.

Emmy Awards and a Tony Award might be the most notable honors Crystal received, but they aren’t the only ones.

He was a winner of the Mark Twain Prize, and he is a member of the select club of entertainers who has a star on the Hollywood Walk of Fame.

He even won a Grammy Award for Best Comedy Recording after he released his stand-up album titled Mahvelous!

>> Is Charlie Sheen Broke?

Is Billy Crystal Married?

Hollywood actors might be known for their brief, tumultuous relationships, but Billy Crystal is an exception to the stereotype. He has been married to the actress and producer Janice Crystal since June 4, 1970.

The pair worked on 700 Sundays together, and Janice Crystal played critical roles in My Uncle Berns (2003) and The Comedians (2015).

The couple has two children, both of whom have followed their parents into the entertainment industry. Jennifer is an actress, and Lindsay is a producer.

The Crystals own houses in New York and Los Angeles, but it is the Los Angeles property that they consider home.

>> What Is Arnie’s Net Worth?

Billy Crystal Net Worth Summary

Billy Crystal is a man of many talents, and in his 50-year career, he has appeared in dozens of films and television programs.

He is one of the most recognizable entertainers in the United States, and he enjoys a global reputation for acting.

Along the way, Crystal earned massive paychecks, giving him the freedom to pursue his passion projects.

Today, his net worth is estimated at approximately $60 million.

>> Is Matthew McConaughey Rich?

The article Billy Crystal Net Worth was originally posted on Investormint

]]>
0
Don Johnson Net Worth https://investormint.com/celebrity/don-johnson-net-worth https://investormint.com/celebrity/don-johnson-net-worth#disqus_thread Wed, 18 Nov 2020 10:03:47 +0000 https://investormint.com/?p=13998 After decades as a successful TV and movie star, Don Johnson’s net worth is estimated at $50 million.

The article Don Johnson Net Worth was originally posted on Investormint

]]>
Miami Vice was only on the air for five years, but it made an indelible mark on American television. The show – and its stars – are icons of 1980s culture, joining the likes of Cabbage Patch Kids, The Fresh Prince, New Kids On The Block, and Magic Johnson in defining a decade.

Miami Vice’s success was due in large part to its trendsetting characters, Don Johnson’s Sonny Crockett and Philip Michael Thomas’ Rico Tubbs. While Johnson doesn’t spend as much time in the spotlight these days, he remains a household name.

don johnson net worth

Fans still want all the dirt on Johnson’s life in 2020. Does he still live like a superstar? Did he ever settle down? What is Don Johnson’s net worth? What is he doing today?

Don Johnson Rise to Fame

Don Johnson didn’t come from a Hollywood family. He was born to a farmer and a beautician in a small Missouri town.

Johnson grew up in Wichita, which isn’t necessarily known as a mecca for theatre, but he made the most of his time there.

Johnson starred in his high school production of West Side Story, then moved on to the theater program at the University of Kansas.

After a year, he was accepted into San Francisco’s American Conservatory Theater, where his career truly began.

Johnson landed a number of minor roles on-stage, in television, and in movies over the 15 years that followed – enough to make a living, but not enough to launch him into the big leagues.

That came when Johnson was chosen for the part of Sonny Crockett on Miami Vice. The show was immediately popular, launching Johnson into the spotlight.

>> What Is Quentin Tarantino Worth?

Don Johnson Miami Vice

Considering the competition, it’s fairly remarkable that Don Johnson got himself cast in Miami Vice at all.

Stars like Jeff Bridges and Nick Nolte were up for the part, and it was actually offered to Mickey Rourke, who declined.

Johnson was considered something of a risky choice, given that his resume up until that point can only be described as mediocre.

Of course, in retrospect, Johnson was the only possible actor who could have delivered the Sonny Crockett that made television history.

Miami Vice brought something fresh to the small screen  – and in doing so, it changed the future of television programming.

Episodes were filmed on-location in Miami, and each incorporated popular current music into the soundtrack.

Gone were the tried-and-true elements of police procedural dramas that aired up until that point.

The show focused on the human element of crime, pulling basic plot elements from current events and the decade’s most pressing social issues.

>> How Rich Is Demi Moore?

Don Johnson TV Career

Though Don Johnson’s best-known television role was Sonny Crockett, he has a long list of small-screen credits.

Johnson made appearances in dozens of shows over the years, including Young Dr. Kildare, The Streets of San Francisco, Eight Is Enough, From Here to Eternity, A Series of Unfortunate Events and From Dusk till Dawn: The Series.

He played the lead character in the television drama Just Legal, and he was cast in a recurring role for Eastbound & Down.

One of his more popular post-Miami Vice projects was the police procedural series Nash Bridges. Johnson worked as executive producer for Nash Bridges while simultaneously performing in the lead role. Nash Bridges was on the air from 1996 – 2001, and there is a movie-length revival coming soon.

Rumor has it that if the reboot is successful, the program might be back for another prime-time run.

More recently, Johnson has portrayed leading characters in the series Blood & Oil and Watchmen, but he isn’t always the star these days. When daughter Dakota Johnson hosted Saturday Night Live in 2015, Don Johnson made an appearance to honor her achievement.

>> Is Michael Strahan Rich?

Don Johnson Movies

Don Johnson has always been the sort of actor who would try anything, which means he had more opportunities than most to make a big-screen appearance.

His first movie role was the lead character in 1970’s The Magic Garden of Stanley Sweetheart, and he added nine additional film projects before Miami Vice.

He was Stanley Cole in The Harrad Experiment (1971), Harley McKay in Return to Macon County (1975), and even the voice of Benno in Swan Lake (1981).

Johnson took on fewer film acting roles during the Miami Vice years, but he was back at it when the show came to a close. He played the title character in Harley Davidson and the Marlboro Man (1991), he was the lead in Born Yesterday (1993), and he was David Edgar Greenhill in 1993’s Guilty as Sin.

Johnson had a few more supporting roles before turning his attention to Nash Bridges, at which point he was focused on television acting.

After Nash Bridges, Johnson resumed his film career, which led to projects like Django Unchained (2012), Cold in July (2014), Book Club (2018), and Knives Out (2019).

In the past 50 years, Johnson has appeared in more than three dozen movies, and he doesn’t show signs of slowing down. Johnson’s passion for acting still burns bright, and he is regularly tapped to lend his talents to major productions.

>> How Much Money Did Charlie Sheen Lose?

What Does Don Johnson Do Now?

Life looks different for the Don Johnson of 2020 than it did 30 years ago. He’s a family man with an established career. Gone is the bad boy who partied hard and burned through relationships.

These days, he can be selective in the parts he takes, and he is often tapped by the Hollywood elite to participate in important projects.

Johnson’s long, varied experience in the entertainment industry and his ability to take on any character is highly valued.

The fact that he has credits as a writer, director, producer, and musician makes him a sought-after partner.

That said, Johnson will always be associated with the character that launched his career – the iconic Sonny Crockett.

>> How Wealthy Is Arnie?

Don Johnson: Awards and Honors

Awards and honors might not have been plentiful during the early part of Don Johnson’s career, but he quickly closed the gap with his entertainment-industry peers once Miami Vice debuted.

The show was nominated for 15 Emmy Awards after its first season, and Johnson was recognized for his tremendous contributions to the program with a Golden Globe Award for Best Performance by an Actor in a Television Series (Drama) in 1986.

Ten years later, Johnson was awarded one of Hollywood’s greatest honors – his own star on the Hollywood Walk of Fame.

How Much is Don Johnson’s Net Worth?

While information on Don Johnson’s net worth isn’t exactly public, most industry analysts estimate it to be around $50 million. After Miami Vice, Johnson went on to produce, direct, and act in a variety of television and film projects.

In addition to his acting career, Johnson is a talented musician, and he has contributed to a number of soundtracks. He has two albums to his credit, one of which included a single that hit number 5 on the Billboard charts.

Johnson has a unique combination of skills that puts him in high-demand. While he never landed another role quite as notable as Sonny Crocket, his decades-long career has netted him a small fortune.

>> Is David Lee Roth Wealthy?

Is Don Johnson Still Married?

For years, Don Johnson struggled with his intimate relationships, and they repeatedly ended in disaster.

In 1968, he was married for a matter of days, before having the marriage annulled. The same thing happened in 1973 with a second woman.

In 1976, Johnson married actress Melanie Griffith, but that marriage also failed in just a few months. Perhaps that was due, in part, to the fact that the relationship started somewhat scandalously – the two met when Griffith was just 14-years-old. Johnson and Griffith moved in together when Griffith was 15, and they married when she turned 18.

After his marriage to Melanie Griffith, Johnson’s next significant relationship was with Patti D’Arbanville. The couple were together from 1981 to 1985, during which time their son Jesse was born.

Johnson and Griffith married a second time in 1989, and the two welcomed daughter Dakota later that year. This time, the marriage lasted until 1996, at which point the pair divorced again.

Don Johnson finally found his soulmate – the marriage that would last – in Montessori teacher Kelley Phleger. Johnson and Phleger were married in 1999. More than 20 years later, they have three children together, and they remain happily married today.

>> Jeff Foxworthy’s Net Worth Is Astonishing

Don Johnson Net Worth Summary

Don Johnson’s career didn’t start off with a bang and then fizzle out as is common with young male actors. He developed his talents and built a solid foundation over 15 years, so he was ready when opportunity knocked.

Johnson’s career spans 50 years, and he has done a bit of everything in that time. Miami Vice made him famous, which allowed him to direct his own career and choose passion projects in the years that followed.

As a result, Don Johnson’s net worth has expanded to a comfortable $50 million – enough to enjoy the finer things in life with his loving wife and five children.

>> The Karate Kid Made A Fortune

The article Don Johnson Net Worth was originally posted on Investormint

]]>
0
Shawn Johnson Net Worth: How Rich Is She? https://investormint.com/celebrity/shawn-johnson-net-worth https://investormint.com/celebrity/shawn-johnson-net-worth#disqus_thread Wed, 28 Oct 2020 15:14:57 +0000 https://investormint.com/?p=13990 Shawn Johnson net worth is estimated at around $9 million, primarily from sponsorship of products like Crest toothpaste.

The article Shawn Johnson Net Worth: How Rich Is She? was originally posted on Investormint

]]>
Today, Shawn Johnson is proud mom to one-year-old Drew Hazel. She is comfortable in the spotlight, and she has openly shared her struggles with pregnancy, miscarriage, and motherhood.

She writes, speaks, and makes connections with followers, and she focuses on providing a safe space in which other women on the same journey can feel seen and heard.

However, Johnson East’s current roles as author, blogger, influencer, wife, and mother aren’t her first foray into the public eye.

At just 16 years old, Johnson East competed in the 2008 Olympics, bringing home the gold for her extraordinary skill as a gymnast.

How have these extraordinary boosted Shawn Johnson’s net worth? Here’s the backstory to how she grew her wealth.

Shawn Johnson Rise To Fame

Every Saturday morning, mothers across America pack up their preschoolers and head off for gymnastics classes. It’s a way to build skills, release some energy, and have fun.

Chances are, when Shawn Johnson’s mom enrolled her three-year-old in gymnastics, she had no idea that 13 years later she would join hundreds of millions of spectators in cheering her daughter’s Olympic Gold Medal win.

At the time, Mrs. Johnson simply said, “The wild child just needed something to do!

Johnson might have started her career as a gymnast for fun, but it quickly became evident that she possessed a special talent for the sport. More importantly, Johnson had the discipline and passion to focus on gymnastics while peers spent their time on leisure activities.

In 2007, Shawn was selected for the US Senior Team, and it was immediately clear that she was one of the best gymnasts in the world.

In her first year, she was named champion of the 2007 American Cup, and she went on to collect three gold medals during the World Championships, among other accolades.

It was a foregone conclusion that she would join the 2008 Olympic Team, and soon she was off to Beijing for the Summer Games.

>> How Rich Is Demi Moore?

Shawn Johnson Olympics

The 2008 Summer Olympics took place in Beijing, China, and the United States was confident in its athletes.

A total of 588 individuals represented the US, and they had a presence in every sport except handball.

It was the year Michael Phelps set a record with eight gold medals in swimming, and Natalie Coughlin set a record for female swimmers by winning six medals.

While the US did not best China in total gold medals during the 2008 Summer Games, US athletes did win the most total medals.

Four of those medals came from Shawn Johnson, who placed in each of the four gymnastics events.

She won three silver medals, one in the individual all-around contest, another in floor exercise, and a third in the team competition.

Her pinnacle moment came when she earned the gold medal for her flawless execution on the balance beam. 

Johnson stepped away from gymnastics for a period after her 2008 Olympic experience, but by 2010 she was ready to compete again.

Unfortunately, just before trials for the 2012 Olympic Games, she was sidelined by an injury. Johnson finally decided to retire from the sport at the age of 20, ready to embark on the next chapter in her career.

>> What Is Charlie Sheen Worth?

Did Shawn Johnson Win Dancing with the Stars?

That two-year gymnastics hiatus wasn’t wasted. Johnson stayed in the spotlight by participating in another contest that showcased her physical talent.

She joined the competition on Season 8 of Dancing with the Stars, and in partnership with professional dancer Mark Ballas, she was crowned the show’s champion – the youngest person ever to win the title.

Other celebrities that participated in Season 8 included Belinda Carlisle, Steve Wozniak, Lil’ Kim, and rodeo cowboy Ty Murray.

Johnson’s Dancing with the Stars experience had a surprising impact on her future. In 2012, she was invited to compete in Season 15’s All-Star Edition.

During filming, Johnson was introduced to her future husband, football player Andrew East.

>> What’s Joe Rogan Worth?

Shawn Johnson: Husband and Kids

Some people just belong together, and when Guy East met Shawn Johnson, he knew she was the perfect choice for his brother Andrew.

Guy persuaded Andrew to fly to Los Angeles while Johnson was working on Dancing with the Stars, where he introduced the two.

His intuition was right, and the couple liked each other immediately. Though they didn’t start dating right away, within six months, they were an item. In April 2016, Shawn and Andrew were married in their Nashville home.

A year later, the newlyweds learned they were expecting, but within days of the news, Johnson East went through a miscarriage.

The pair was devastated, and Johnson East later told followers that she experienced a lot of guilt over losing the baby.

Though her physician assured her that nothing she did caused the miscarriage, Johnson East was convinced that her time as a gymnast was to blame.

She had consumed so few calories and worked her body so hard, that she felt certain she caused irreversible damage.

>> Is Mike Tyson Rich?

Does Shawn Johnson Have A Baby?

In 2019, Andrew East and Shawn Johnson East welcomed their daughter, who they named Drew Hazel. In interviews, they expressed that their new baby felt all the more precious to them after their 2017 loss.

Johnson East described some of the most stressful moments of her pregnancy, which came when genetic testing indicated a possible medical issue.

shawn johnson net worth

Photo Credit: The Ray Center – CHARACTER COUNTS!, CC BY 2.0, via Wikimedia Commons

She shared her joy at learning her daughter would be born without complications, and she opened up about techniques she and her husband used to get through that harrowing time.

In a recent interview, the couple shared their thoughts on expanding their family further. While both are hopeful that another child will join them, they never forget how fleeting the joy of a pregnancy can be.

For now, they plan to relax and enjoy life with their toddler, leaving the timing of their next pregnancy up to the fates. Neither wants the pressure of formally “trying” and the disappointment that can bring.

>> What Is Tarantino’s Net Worth?

Shawn Johnson TV Career

Though Johnson East has been busy with her family, that hasn’t stopped her from participating in a variety of television projects.

She competed in the 2015 season of Celebrity Apprentice, and she has been featured on a wide variety of talk shows.

Some of these include The Tonight Show, The Late Show, The Today Show, Live with Regis and Kelly, The Ellen DeGeneres Show, The Oprah Winfrey Show, and Entertainment Tonight.

Johnson East frequently turns up in game shows and other competitive programs, whether she is competing herself or serving as judge for the shows competitors.

One year, she was a judge for the Miss America pageant, and another year, she was an investor on Adventure Capitalist.

In 2018, she and her family competed on Family Feud, but alas lost the contest to Olympic Gymnast Laurie Hernandez and her family.

>> How Much Money Does Nick Cannon Have?

What Does Shawn Johnson Do?

Johnson East makes frequent appearances on television, but she wouldn’t consider any of them steps on her career path. Her true focus is engaging her audience and opening up her life to help others work through the sorts of challenges she has faced.

One of her most courageous admissions was around her on-going battle with body image. Certainly, she was a champion gymnast, but she paid a price for all of those wins.

In a number of forums, she has shared that she used medication, restrictive diets, and extreme physical conditioning to keep her weight low. This also delayed the onset of puberty, which often puts an end to gymnastics careers.

She has spoken at length about the mental impact of physical changes that occur during pregnancy and through the post-partum period.

Johnson East has also been very open about her miscarriage and the emotional toll that experience takes on women and their partners. She regularly notes that normalizing conversations about miscarriage is critical for the mental health of those who have gone through them.

>> Emma Stone’s Wealth Is Surprising

Shawn Johnson Mom Blogger

As delighted as she is to be a mom, Johnson East often speaks of the struggles that parenting brings. There are all sorts of decisions to be made, such as breastfeeding or formula, and no matter what you choose, chances are someone will judge.

Johnson East is often targeted by critics for her parenting choices, and she handles the interactions with grace. She shares them as a learning experience for other parents who find themselves on the wrong side of so-called mom-shaming.

Johnson East is a prolific blogger and social media influencer, and she has written two books about her gymnastic career.

The second, Winning Balance: What I’ve Learned So Far About Love, Faith and Living Your Dreams, was published in 2012 and became a New York Times Bestseller.

Her most recent book is a novel for young adults that has semi-autobiographical overtones. Through her protagonist, she explores the peaks and valleys of being a young gymnast and grappling with the challenges of maintaining a healthy body image.

The accomplishment Johnson East appears most proud of is co-founding TheBodyDepartment.com. The site is dedicated to encouraging healthy discussion of wellness, fitness, and body image – a topic that she feels is critically important to girls and women everywhere.

>> Becky Quick Is Shockingly Rich

How Much is Shawn Johnson’s Net Worth?

Johnson East has dabbled in media and entertainment, but none of these brought her a significant paycheck.

Her primary method of generating income is through product sponsorship. 

Johnson East has served as spokesperson for major brands like Circuit City, Crest Toothpaste, and Eukanuba pet products.

She was the face of Nestle for a period, and in 2020, she promoted the Mentionables line of lingerie. Her net worth is estimated to be around $9 million.

>> Charlotte Casiraghi Is Extremely Wealthy

Shawn Johnson Net Worth Summary

In her short 27 years, Shawn Johnson East has had more adventures than an average person sees in a lifetime.

While she plans to develop her career further and have more adventures, her current focus is on home and family.

Johnson East’s popular blogs and social media pages fit right in with her child-centric lifestyle, and she is likely to stick with them for some time to come.

>> How Much Money Does Tulsi Gabbard Have?

The article Shawn Johnson Net Worth: How Rich Is She? was originally posted on Investormint

]]>
0
Is Fundrise Safe, Legit And Insured? https://investormint.com/real-estate/is-fundrise-safe-legit-insured https://investormint.com/real-estate/is-fundrise-safe-legit-insured#disqus_thread Thu, 22 Oct 2020 15:07:34 +0000 https://investormint.com/?p=13983 Fundrise is an SEC registered firm that offers an eREIT to investors who want exposure to real estate.

The article Is Fundrise Safe, Legit And Insured? was originally posted on Investormint

]]>
FUNDRISE SPOTLIGHT

fundrise logo

InvestorMint Rating

4.5 out of 5 stars

  • Minimum Investment: $500
  • Returns: 11.44% (net of fees)

via Fundrise secure site

We stumbled across a question “is Fundrise a ponzi scheme” recently and decided to explore further. Nothing injects fear into an investor’s heart like the risk of an investment being labeled as such.

So we decided to investigate. Specifically, we wanted to answer the question “is Fundrise safe, legit, and insured?”

To answer those questions, we first jump back in time to understand how real estate crowdfunding platforms, like Fundrise, came to exist in the first place.

How A Ponzi Scheme
Shattered Investor Confidence

For those who lived through the 2008 – 2009 Great Recession, a few events stand out.

The near bankruptcy of Bear Stearns in March 2008 and the actual bankruptcy of Lehman Brothers in September 2008 are two of the most prominent.

However, there is no individual who ignites deeper passions than Bernie Madoff – the former stockbroker who operated the largest Ponzi scheme in history.

is fundrise safe legit insured

Madoff’s scam didn’t contribute to the financial crisis. In fact, it was the financial crisis that exposed his fraud.

In December 2008, the news broke that Madoff’s “$65 billion hedge fund” – and its supposed returns – were entirely fabricated, creating massive losses within an already fragile economic ecosystem.

The experience made many investors deeply wary of “too-good-to-be-true” returns, but Madoff’s very public downfall did little to prevent new Ponzi schemes from swindling unsuspecting consumers.

In fact, in 2019 alone, state and federal authorities identified 60 Ponzi schemes in progress. Collectively, these schemes held $3.25 billion in client funds.

More investors are aware of the dangers posed by Ponzi schemes, but that doesn’t necessarily make it easier to avoid them.

Perpetrators are clever, and they possess extraordinary skill when it comes to instilling confidence and gaining investor trust.

With this in mind, it’s no wonder investors are questioning their own judgement in choosing investments. Such concerns are driving the question, is Fundrise a Ponzi scheme?

>> Fundrise vs Betterment

Is Fundrise A Ponzi Scheme?

Charles Ponzi became the face of Ponzi schemes when he was arrested in August of 1920.

For years, he convinced investors to give him their money in exchange for consistently high returns.

The problem with these promises – and Ponzi schemes as a whole – is that there was no actual investment.

Instead, con artists use funds from later investors to pay returns to earlier investors.

Ponzi schemes work as long as enough new investors pay in to cover returns owed to earlier investors.

Of course, that means more and more new “marks” are needed to support the weight of upper levels.

Often, earlier investors are key to bringing additional money into the scheme, because they received the returns they were promised and can vouch for the investment’s legitimacy.

They refer friends, family, and professional contacts, which keeps the cycle going.

The most common reason Ponzi schemes collapse is a run on principal withdrawals. 

If too many investors want their principal and interest paid out, there isn’t enough left to support the remaining members.

That’s what happened with Bernie Madoff.

>> REIT vs Fundrise

How The Madoff Ponzi Scheme Collapsed

As the economy tanked, large investors decided to move their funds away from Bernie Madoff’s fund.

He saw that his scheme was unsustainable, and he confessed to his sons – and later to government officials – that his hedge fund was entirely fraudulent.

While Ponzi schemes are named for Charles Ponzi, he wasn’t the first to successfully scam investors.

Well before Ponzi got into the business of fraud, Sarah Howe had already persuaded a number of women to trust her with their savings.

She operated in Boston in 1879 through an organization she named Ladies’ Deposit, and was eventually caught and convicted.

Perhaps the most astonishing part of Howe’s story is that after serving three years in prison, she managed to create and conduct a nearly identical scheme for another two years.

In nearly every case, careful research by investors would have exposed the fraud. Since the promised returns are essentially impossible to deliver, examining the underlying strategy of any Ponzi scheme would expose gaping holes.

Unfortunately, investors tend not to do this sort of research, and those that do allow the con artist to explain away any anomalies. As a result, Ponzi schemes can still be found in abundance.

With that in mind, smart investors are more diligent about researching any fund or investment plan before they buy in. In this case, they want to know, is Fundrise a Ponzi scheme?

>> RealtyShares vs Fundrise

What is Fundrise?

Real estate investment is a critical component of building wealth, but that presents a problem for those who aren’t wealthy to begin with. You can’t realize returns from purchasing and managing properties if you don’t have the cash or credit to buy those assets in the first place.

Some investors start small, buying residential properties to rent, or purchasing distressed buildings, renovating them, and selling for a profit.

However, even that is out of reach for many – and those that can afford these types of investments are typically not generating the sorts of returns that larger projects produce.

Participation in the larger, more profitable real estate ventures is often limited to institutional investors, because they have the necessary capital.

Groups of smaller investors have come together in innovative ways to find creative methods of entering the larger real estate market. Real Estate Investment Trusts (REITs) are one example. 

They work a bit like mutual funds in that they are publicly traded, but instead of pooling investors’ money to buy securities, they pool investors’ money to participate in the real estate market. They own, manage, and/or finance large projects like shopping malls, and profits are paid out to shareholders.

Fundrise was the first company to launch an eREIT or electronic Real Estate Investment Trust through crowdfunding. 

It operates in a similar manner to REITs, but there are critical differences. Most importantly, a REIT investment is an investment in a corporation that subsequently invests in buying, managing, and/or financing real estate. Those who invest in an eREIT are investing directly in specific properties or projects.

That distinction is particularly important for investors asking is Fundrise legit or is Fundrise safe?

While quality REIT shares can generally be liquidated right away, it’s far different for eREIT investments. These funds are tied up in actual real estate, much as if you had purchased a home, and it is something of a process to pull cash out.

Some investors find that illiquidity alarming, causing them to wonder whether Fundrise is a scam.

>> How To Be A Real Estate Investor

How Does Fundrise Work?

Fundrise started off as an experiment, and it rapidly gained mainstream attention.

Since 2012, a company that started with virtually nothing has invested in $4.7 billion worth of real estate nationwide – a total of more than 200 properties.

Today, Fundrise boasts 130,000 individual investors who collectively own more than $1 billion in real estate equity.

Essentially, Fundrise works like this: investors pool their money to make real estate purchases.

Some of the properties purchased are small – for example, single-family homes – but there are opportunities to participate in larger projects. These include the sort that are typically only available to commercial investors, due to their size.

There are four levels of investment, depending on how involved you want to be in this eREIT:

  • The Starter Portfolio – This option gets you involved in between five and ten smaller-scale real estate projects and requires a minimum $500 investment.
  • Core Plan – This more robust option is intended to diversify your exposure by including you in 40 or more unique projects. The minimum investment is $1,000.
  • Advanced Plan – You can participate in a much larger pool of projects, typically 80 or more, when you invest $10,000.
  • Premium Plan – If you choose to invest $100,000 or more, your portfolio is far more diverse. You have access to a variety of projects ranging in size from very small to massive.

Fundrise uses in-house expertise to select properties that appear undervalued.

The company then works to bring the property in-line with the market to generate profits through rent or sale.

Part of the company’s strategy is to keep expenses down by handling the logistics of these transactions in-house.

That means more profit goes back to investors, rather than into the pockets of various intermediaries. Today, fees stand at about 1 percent.

What concerns some investors is the illiquidity of their funds. They can’t simply withdraw whenever they wish. That isn’t because the company is a scam nor a Ponzi scheme – it’s because buying and selling real estate takes time.

In other words, if you expect to need your principal in the near future, this sort of investment might not be right for you.

Conversely, if your goals are longer-term, this is an opportunity to gain exposure to the lucrative real estate market.

>> What Is Turnkey Real Estate Investing?

Can You Make Money
With Fundrise?

Fundrise has already generated respectable returns for its investors, proving you can make money with Fundrise.

To date, averaged annualized returns look like this:

  • 2014 – 12.25%
  • 2015 – 12.42%
  • 2016 – 8.76%
  • 2017 – 11.44%
  • 2018 – 9.11%
  • 2019 – 9.47%

Of course, historical performance is no guarantee of future results.

The bottom line question for many investors is can Fundrise make you rich?

Unfortunately, there is no simple answer. Your returns depend on how much you put in, which projects you choose, and the success of those projects.

More importantly, how much you ultimately add to your own wealth through Fundrise depends on how long you leave your money in the program.

Real estate can be lucrative, but typically not overnight. Those that do get rich from real estate have patiently waited through years – even decades – of appreciation.

>> How Real Estate Market Cycles Work

Can You Lose Money
On Fundrise?

Fundrise is up-front about the fact that any investment is at-risk, given the nature of speculating in the real estate market.

In its SEC filing, the language is clear:

“Investing in our common shares is speculative and involves substantial risks. You should purchase these securities only if you can afford a complete loss of your investment.”

This is true of any investment you make, be it stocks, mutual funds, REITs, eREITS, and so on.

There are two specific risks to consider before you buy into Fundrise. First, the company pays a manager to choose and manage real estate investments.

Expenses related to hiring that manager are passed onto you, and that can impact your returns. That particular risk applies to most fund-style investments you make.

Second, Fundrise is a relatively new company exploring a new method of real estate investment.

While it is seeing positive returns, there is no guarantee of success for any period, short-term or long-term. Many investors like the Fundrise concept and have confidence that it will deliver profits, but they aren’t necessarily correct.

Before you put your own money in, examine Fundrise’s strategy and progress to decide for yourself whether the level of risk matches your comfort level. If not, step back and continue to monitor results before you move forward with your own investment.

>> What Are Qualified Opportunity Zones?

Is Fundrise FDIC Insured?

Fundrise is not FDIC (Federal Deposit Insurance Corporation) insured, but that’s true of any investment.

FDIC insurance covers account holders in banks and savings institutions that are simply holding your funds and perhaps paying you interest – not investing on your behalf. Such accounts are insured by the FDIC against failure of the entire financial institution.

In other words, if your bank goes out of business, the FDIC will ensure you get your money back up to the insured amount.

Investment accounts are also insured against failure of the brokerage. This coverage comes from the SIPC (Securities Investor Protection Corporation).

While your investments are not protected against losses if the company you invest in fails, you are protected if the brokerage firm you invest with fails.

Any cash in your account will be returned to you if something goes wrong with the firm.

>> RealCrowd Review

Is Fundrise Legit?

The bottom line is no, Fundrise is not a Ponzi scheme. Neither is it a scam from our research. If you’re wondering, is Fundrise legit? It certainly appears to be and has thousands of investors who agree.

“Is Fundrise safe” is another question. How your money is used, where your profits come from, and the cause of any losses is clearly explained and documented.

Remember, a Ponzi scheme uses cash from new investors to pay out profits to earlier investors. New investors are attracted through promises of guaranteed returns, and there are no actual investments.

Fundrise uses your investment to purchase real estate, and your returns are based on the performance of that real estate. Can you lose money with Fundrise? Yes.

No legitimate investment can guarantee returns. Does it take longer to cash out with Fundrise than it does with traditional stock? Yes. But that’s because Fundrise isn’t traditional stock. It is an eREIT.

>> How To Buy Real Estate Online

The article Is Fundrise Safe, Legit And Insured? was originally posted on Investormint

]]>
0
Can You Day Trade On tastyworks? https://investormint.com/investing/brokers/can-you-day-trade-on-tastyworks https://investormint.com/investing/brokers/can-you-day-trade-on-tastyworks#disqus_thread Tue, 13 Oct 2020 14:23:05 +0000 https://investormint.com/?p=13976 Can you day trade on tastyworks? Yes, provided your account balance meets the minimum required threshold for day trading.

The article Can You Day Trade On tastyworks? was originally posted on Investormint

]]>
TASTYWORKS SPOTLIGHT
tastyworks logo

InvestorMint Rating

4.5 out of 5 stars

  • Commissions: All closing trades are commission-free
  • Account Balance Minimum: $0
  • Commissions: $0 flat rate for stocks

via tastyworks secure site

If you are thinking of getting started in day trading, the first step is to get a clear understanding of the process – and the risks.

Next, you need a brokerage account that permits this sort of activity – and not every online service does.

Fortunately, you can day trade on tastyworks, as long as you meet certain eligibility requirements.

What Is Day Trading?

Day trading gets its name based on the fact that investors buy and sell the same securities within the same day.

That’s relatively unusual behavior for other types of investors, who tend to hold shares for weeks, months, or years.

In fact, some of the most successful investors keep the same shares in their portfolios for decades. For example, Warren Buffett has held onto Berkshire Hathway’s Coca Cola stock for more than 30 years, and he says he says he has no plans to sell.

The underlying concept of day trading is the fact that securities move up and down throughout the day, before settling on a closing price.

Sometimes, that movement is very slight, but if timed correctly a large purchase and quick sale (or vice versa) can generate solid profit – particularly when the trade is related to currency or highly liquid stocks.

>> Best Penny Stock Brokers

How To Day Trade Stocks Successfully

Day traders can theoretically practice this strategy in any market, but the activity is most common in stock markets and foreign exchange markets.

Essentially, day traders develop an understanding of what influences certain types of securities, and how that influence translates into intraday ups and downs.

Some factors that are considered include national and international news reports, which are somewhat unpredictable, as well as more predictable scheduled announcements like earnings reports, economic reports, and similar.

The idea is to become attuned to patterns – how the market and individual securities move under a given set of circumstances. For example, share prices often rise in advance of corporate earnings reports, then drop suddenly once the news is made public.

>> Best Warren Buffett Books To Read

How Much Money Do You Need To Day Trade?

The trouble with day trading is that earning real profit requires a relatively large investment.

The movements being exploited during this short window are comparatively small, so buying a few shares only generates a few dollars in profit.

Often, day traders invest a lot of their own cash, as well as large sums borrowed from their brokers – referred to as margin accounts.

can you day trade on tastyworks

A minor miscalculation can lead to dramatic losses of principal, not to mention the borrowed funds.

The risk potential is exceptionally high in day trading, which means it isn’t the right choice for those who are new to investing.

It is also a bad idea to attempt day trading with money you can’t afford to lose.

Given the interest in day trading from those who are new to the market, tastyworks offers a stern warning on the risks. The company says:

  • Day trading generally is not appropriate for someone of limited resources and limited investment or trading experience and low risk tolerance.
  • You should be prepared to lose all of the funds that you use for day trading.
  • In particular, you should not fund day trading activities with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds required to meet your living expenses.

If you are confident that you are ready for day trading, here’s what you need to know.

>> tastyworks vs thinkorswim

Is Pattern Day Trading Legal?

According to FINRA (the Financial Industry Regulatory Authority), the official definition of pattern day trading is when:

  • an investor has four or more same-day trades within five business days, and those day trades are more than six percent of the investor’s total number of trades in the same five business days.

It’s important to note that  individual brokerage firms might have more restrictive definitions, as outlined in their policies and procedures.

This practice is legal, but certain eligibility requirements apply.

>> tastyworks vs Robinhood

What are the Rules for Day Trading?

While individual firms might have their own set of rules and requirements for day traders, two are universal.

They are set by FINRA in an effort to protect inexperienced investors from excessive risk.

  1. Day traders are required to have at least $25,000 in their brokerage accounts.
  2. They are only permitted to trade in margin accounts.

>> Interactive Brokers vs tastyworks

Why Do You Need $25,000 to Day Trade?

The short answer to the question of why you need $25,000 to day trade is this: for your protection.

There is substantial risk in this practice, particularly for inexperienced investors.

The theory is that if you have an account valued at $25,000 or more, it is likely that you have at least some experience in the market.

>> How To Invest $20,000

Can You Day Trade Without $25k?

While you can experiment with an occasional day trade, you can’t make a habit of day trading if your balance is lower than $25,000.

It’s a legal requirement, and brokerage firms are strict about enforcement.

Your ability to trade will be suspended until your balance returns to the required $25,000.

>> Is tastyworks the best trading platform?

Can You Day Trade on tastyworks?

You can day trade on tastyworks, but there is an important point to consider. As a day trader, you are likely to make multiple transactions per day.

You might be responsible for fees or commissions on some or all of your trades, which adds up surprisingly fast. 

It’s true that tastyworks has a relatively low fee and commission structure, but the impact to your profits should be factored in nevertheless.

>> What Are The Different Types Of Stocks?

Can You Trade Stocks on tastyworks?

If you aren’t quite ready for the risks of day trading, don’t worry – you can still get involved in investing.

When you open your tastyworks account, you gain access to a variety of tools and resources that can help you choose specific stocks to trade.

>> How To Buy Impossible Foods Stock

Do Day Traders Make Money?

Day trading is something of a controversial practice, so industry experts and analysts keep a close eye on relevant statistics.

The data show that some investors are able to make money through day trading, but it requires experience, a deep understanding of the market, and undivided attention to unfolding market conditions.

Those who are well qualified can generate as much as 50% or more annually. The key is that when the trade is successful, they earn more than they lose when a trade fails.

It is worth noting that generating a profit through day trading also takes cash. The magic number appears to be around $50,000.

Attempting to day trade with a lower amount doesn’t tend to generate the type of returns one would expect given the effort required.

Investing $50,000 or more certainly doesn’t guarantee success – it’s as easy to lose $50,000 as it is to lose $500,000 – but it does increase the odds of success somewhat for an experienced day trader.

>> How To Buy JM Family Enterprises Stock

The article Can You Day Trade On tastyworks? was originally posted on Investormint

]]>
0
Joe Rogan Net Worth: $150,000,000? https://investormint.com/celebrity/joe-rogan-net-worth https://investormint.com/celebrity/joe-rogan-net-worth#disqus_thread Fri, 09 Oct 2020 13:20:38 +0000 https://investormint.com/?p=7342 Joe Rogan net worth is estimated at over $100M thanks to his podcast licensing deal with Spotify. His UFC and Stand Up comedy earnings combined are estimated at $40M annually.

The article Joe Rogan Net Worth: $150,000,000? was originally posted on Investormint

]]>
Stand-up comedian, actor, mixed-martial arts commentator, host, and jiu jitsu black belt are just a few of the labels attributed to Joe Rogan.

Most recently, Rogan added another string to his bow when he inked a $100 million deal with Spotify to license his  wildly successful podcast.

He’s come a long way from his initial acting role as Frank Valente on Hardball in the early 1990s. Indeed it seems that Rogan has the midas touch, because virtually everything he touches turns to gold.  The only question now is will the Joe Rogan net worth tally rise as high as one billion dollar?

Joe Rogan Net Worth

Why Is Joe Rogan Famous? MMA Commentator, TV Host, JRE Podcast
How Old Is Joe Rogan? August 11, 1967
Gender Male
Is Joe Rogan Rich? $150,000,000+
What Made Him Famous? Spotify Deal, The Man Show, UFC
Nationality American
Pot Farm http://podcasts.joerogan.net/
Last Updated October 9, 2020

Joe Rogan Net Worth

Before Spotify wooed the #1 podcaster in the world, Joe Rogan was raking in the dough from hugely popular JRE Experience podcast that was distributed widely across platforms like YouTube.

Up until then, the JRE Experience podcast was estimated to generate as much as $50,000 per episode. With a quick back of the envelope calculation, you can see how this extraordinary revenue-generating machine attracted Spotify.

With as many as 5 episodes of long-form content each week, Joe was raking in an estimated $250,000 per week.

Do a little further math, and you end up with ballpark income of $12 million per year. Is it any wonder that Spotify decided to fork over a nine figure sum to entice Joe?

But wait, there’s more…

The $12 million per year is an estimate on what Joe earns from newly published content.  Add to that the millions of views stemming from previously published content and it’s very possible Joe Rogan had been earning as much as $36,000,000 annually from his podcast alone (you’ll see how we calculate that below) – that’s before the Spotify licensing deal!

joe rogan net worth

Include his salary earnings from his role as UFC commentator or his pay as a stand-up comedian (before the global pandemic kicked in a shut down stand-up comedy shows) where he regularly sold out to packed auditoriums and you’re talking serious riches.

Unlike most comedians, Joe wasn’t as dependent on a live audience, which further helped his net worth. His Netflix 1-hour comedy specials have also likely netted him big chunks of change.

He also has business ventures that further add to his vast fortune. Onnit is among his most famous ventures. Onnit is a supplement company that promotes a product called Alpha Brain, which Joe personally has endorsed.

We estimate Joe Rogan’s salary is $40,000,000+ per year which, when combined with the Spotify deal, would mean that net worth estimates of $150 million are likely underestimating his true wealth.

Indeed, if Joe were to continue earning at this pace for another decade, and invested his money wisely, it’s very possible that he could be a future billionaire before he hits old age.

Joe Rogan Stand Up Comedy

Joe has featured in comedy classics like The Man Show, Chappelle’s Show and Last Comic Standing.

He’s also had a storied career on TV, featuring in hit shows like Silicon Valley and hosting Fear Factor.

But his longest lasting career gig may be his stand up comedy, where he sells out shows to packed theaters across the country.

Some of his best comedy specials include Joe Rogan: Talking Monkeys in Space Joe Rogan: Rocky Mountain High, and Joe Rogan Live.

The list of Joe Rogan comedy specials includes:

Year Title Get It
2000 I’m gonna be dead someday Buy Now
2000 “Voodoo Punanny” Buy Now
2001 Live from the Belly of the Beast Buy Now
2006 Joe Rogan: Live Buy Now
2007 Shiny Happy Jihad Buy Now
2010 Talking Monkeys in Space Buy Now
2012 Live from the Tabernacle Online
2014 Rocky Mountain High Buy Now
2016 Triggered Netflix

Joe Rogan Experience (JRE) Podcast

The Joe Rogan Experience is one of the most successful podcasts of all time, featuring approximately 10,000,000 subscribers. You read that right… 10 million people subscribe to Joe Rogan’s YouTube channel: PowerfulJRE.

With his ever growing following, new episodes quickly rack up millions of views. This is an astonishing feat considering how new episodes are produced almost every day. It highlights what a loyal following of listeners he has attracted that they regularly tune in.

So what makes the Joe Rogan Experience podcast so good?

Each episode features a guest that Joe is personally interested in chatting with and learning from. For example, poker star Dan Blizerian’s Joe Rogan podcast ratcheted up almost 20 million views – even more than Elon Musk’s interview!

The conversational tone, informal setting, and relaxed discussions are a winning format. Plus Joe is a masterful interviewer. He lets chatty guests talk and doesn’t interrupt to hear his own voice as some others do. Yet when a guest is not very conversational he can fill in the gaps so the listener is constantly engaged.

For the most part, Joe Rogan podcast episodes feature comedians, mixed-martial artists and coaches, celebrity friends, and political commentators or personalities.

For example, comedians who regularly feature include Joey Diaz, Bill Burr, and Ron White.



Personalities in the mixed martial arts world include Eddie Bravo, Jeff Novitsky, Pat Miletich, Tyron Woodley, George St. Pierre, Brendan Schaub, and Stipe Miocic.

And in the political or current affairs domain, long-time friend and conspiracy theorist, Alex Jones, has come on from time to time as have controversial personalities like Milo Yiannopoulos, Ben Shapiro, and former Minnesota governor Jesse Ventura.

The Joe Rogan Elon Musk podcast remains the most popular of all time so far with over 32 million views and counting.

Many of the episodes feature musings about life, humanity, and the Universe. For example, you will hear Joe and his guests refer to ethnobotanist and mystic, Terence McKenna, who was famous for sharing his experiences taking psychedelic drugs.

Rogan has sometimes landed in hot water over his own discussions about cannabis and use of drugs. But he doesn’t shy away from it and even describes himself as a psychedelic adventurer which stems from his past experiences with the psychoactive compound, DMT.

The range of topics, personalities and celebrities featured is one of the main attractions of the JRE podcast. Indeed, some of the best Joe Rogan podcasts even features controversial figures like Alex Jones:

How Much Does Joe Rogan Make From His Podcast?

Although Rogan has not revealed precisely how much he makes from his podcast it is possible to make an approximate guess. YouTuber Graham Stephan has approximately 20% of the subscriber numbers that Joe Rogan has and earns ballpark $300,000 per month. 

Simple math says Joe with 5x the number of subscribers should be earning at least $1,500,000 per month. But the numbers don’t stop there. Because Joe produces long-form content whereas Graham produces shorter snippets.

And Joe Rogan doesn’t have just 1 YouTube channel, he has 2!

JREClips featuring the “best of” Joe Rogan Experience podcast also has millions of subscribers, meaning that Joe essentially double dips when it comes to making money from the content he produces.

Listeners who prefer long form content will earn him ad revenue from the original podcasts while those who prefer short snippets of content also bring in advertising dollars.

It’s very possible Rogan could really be earning $12 million or more per month from YouTube alone. If so, Joe Rogan’s net worth estimate of around $150 million could be off by a factor of 2x. He might well be rushing towards a net worth of $300 million.

Joe Rogan UFC Commentator
& Jiu Jitsu Black Belt

Rogan’s interest in mixed martial arts and in particular jiu jitsu was sparked when he watched the famous Brazilian martial artist, Royse Gracie, fight at UFC 2. Rogan was fascinated to see Gracie defeat much larger men by using jiu jitsu submissions.

Soon afterwards, he became a UFC (Ultimate Fighting Championship) interviewer but his deep understanding of martial arts catapulted him to the role of UFC commentator, a position he has held since 2002.

Most UFC promos feature Rogan’s enthusiastic commentary but he usually only commentates on UFC PPV (pay-per-view) events.

He is no slouch when it comes to mixed martial arts himself. At 14 he took up karate and by 19 he had won a US Open Championship tournament as a lightweight.

He was a full-contact state champion for 4 consecutive years in Massachusetts and even became an instructor.

Rogan earned his black belt in jiu jitsu under Eddie Bravo, who is the founder of 10th Planet Jiu Jitsu, which has over 100 schools worldwide.

Joe Rogan Wife And Kids

In 2008, Joe met his future wife Jessica Schimmel. Together they have a daughter, and Joe is also the step-father to Jessica’s daughter from a previous relationship.

You won’t hear or see much about them as Joe generally keeps his family life private.

What we do know is that together they first lived in Bell Canyon, California in a 7,500+ square foot house that cost him approximately $2.2 million in 2003. Most recently and famously, he moved to Texas; he claimed to be disenchanted with Los Angeles traffic among other gripes.

A likely reason for the move was the comparatively higher income taxes in California versus Texas. Even a reduction of 1% in taxes per year could mean millions of dollars now for Joe and his family.

Frequently, Joe mentions that he runs in the mountains and has attracted some controversy as a bowhunter.

He said the reason he took up hunting was because he had to choose between becoming vegan or hunting meat himself. Due to issues he had with mass produced farming, he couldn’t support the mass meat industry. He claims that he couldn’t survive without meat so he decided to become a hunter.

In interviews, he has shared that he hunts for all the meat he consumes and practices with a bow and arrow every day to improve his target accuracy.

Follow news on the Joe Rogan Twitter account and updates on his Joe Rogan Instagram account.  

>> How To Get Rich The Conor McGregor Way

>> Wow! Joel Osteen: House Photos, Net Worth & Books

>> Billion Dollar Fight: Conor McGregor Vs Floyd Mayweather?

The article Joe Rogan Net Worth: $150,000,000? was originally posted on Investormint

]]>
0
Ellevest Review 2020 https://investormint.com/investing/ellevest-review https://investormint.com/investing/ellevest-review#disqus_thread Sun, 04 Oct 2020 19:59:56 +0000 https://investormint.com/?p=3047 Ellevest is a robo-advisor by women for women. Management fees charged on emergency funds are 0% and financial goal setting is easy.

The article Ellevest Review 2020 was originally posted on Investormint

]]>
Founded by Sallie Krawcheck in partnership with tech entrepreneur, Charlie Kroll, Ellevest has a mission to get women invested in their financial futures and supports them in attaining their financial goals.

Ellevest offers three levels of service:

  • Essential
  • Plus
  • Executive

Ellevest Essential is an automated robo-advisor designed for the hands-off individual who wants Ellevest to manage her money without lifting a finger.

On the other hand, Ellevest Plus and Executive memberships allows for retirement account management, such as Roth and SEP IRAs.

Like most other robo-advisors, Ellevest relies on exchange-traded funds to build diversified portfolios and has substantially lower fees than most human financial advisors. On fees, it also comes up trumps when compared to many of its peers.

Ellevest Spotlight

ELLEVEST SPOTLIGHT
ellevest logo

InvestorMint Rating

4.5 out of 5 stars

  • Ellevest Essential: $1/mo
  • Ellevest Plus: $5/mo
  • Ellevest Executive: $9/mo

via Ellevest secure site

Ellevest Features

Fees $1 – $9 per month
Minimum Investment $0
Tax-loss Harvesting Yes on all taxable accounts
Best For Women
Human Advice YES
Portfolio Rebalancing YES
401(k) Advice YES
Interface Web-based
Customer Support Phone + Email
Automatic Deposits Monthly, Bimonthly & Quarterly

Ellevest Essential Vs Plus Vs Executive

Ellevest offers both a purely automated investment management offering as well as a higher tier of service, Ellevest Executive, for higher net worth clients who prefer human oversight and accessibility.

Essential

Ellevest Essential is a technology-powered robo-advisor designed for the hands-off woman who wants to invest her money in a diversified portfolio of exchange-traded funds at less cost than a traditional financial advisor would charge.

For a low monthly cost of just $1, Ellevest Essential constructs client portfolios using a goals-based approach. For example, you specify financial goals, such as saving for a new home or buying a new car, and Ellevest will examine your timeline, savings, target amount, and capacity for risk to build a customized investment portfolio.

Personalized investment portfolios take into consideration other factors too, including your salary, expected salary growth, and assets in order to make portfolio recommendations.

ellevest review

As you get closer to the target date for your financial goals, portfolio recommendations become increasingly more conservative. This dynamic allocation adjustment over time that factors in a client’s changing capacity for risk raises the bar for all robo-advisors.

During our discussions with the senior team, this dynamic allocation feature was described as roboadvisor 2.0, and we wholeheartedly agree that it is in the best interests of clients to modify risk exposure as time goes by to reflect changing financial circumstances.

Where Ellevest shines also is in providing insight into how likely you are to meet your financial goals. Ellevest displays a 70% likelihood of meeting your financial goals, which compares favorably to the 50% benchmark figure used in the industry, so you enjoy a higher degree of confidence that you will achieve your goals.

Where Ellevest Essential Shines

The perks don’t stop at money management. Essential members have unlimited access to learning workshops, video resources, and email courses from a team of financial planners.

You can also save more easily by electing to participate in a “rounding up” program whereby extra change is deposited into an FDIC insured account.

Members also receive unlimited ATM fee reimbursements.

Perhaps one of the biggest perks is the 20% discount off of one-to-one coaching sessions.

Plus

For members with retirement accounts, Ellevest offers a higher tier of service for a fee of $5 per month.

When you see what you get for this fee, you will realize it is highly competitive when compared to the costs and services provided by other leading robo-advisors.

As you might expect, Ellevest will build a diversified portfolio for you using a combination of the following securities and investment options:

  • Common stocks
  • Preferred stocks
  • Bonds
  • Municipal securities
  • Government securities
  • Mutual funds
  • ETFs
  • Unit investment trusts
  • Hedge funds
  • Alternative products

And like other robo-advisors, Ellevest does not attempt to time the market or make bets on specific assets, sector classes, or individual securities.

But where Ellevest Plus earns brownie points is:

  1. You receive a 30% discount for 1:1 access to Chartered Financial Professionals for personalized guidance on finances and money growth strategies; and
  2. You receive a 30% discount for 1:1 access to Executive Coaches for guidance on salary negotiations and career events.
  3. A personalized investment plan that encompasses all your retirement accounts.

These services distinguish Ellevest from most other robo-advisors because Ellevest emphasizes that men and women have earning trajectories that follow different arcs.

As a company that relies on data about where women’s salaries peak in general, Ellevest can better serve women by customizing financial guidance to their specific needs.

ellevest gender salary differences

While some robo-advisors have a cookie-cutter investment management services that serves men and women equally without factoring differing earnings arcs, which can lead to sub-optimal portfolio allocations and money strategies for women, Ellevest optimizes for an individual’s financial circumstances.

Both women and men can benefit from this deeper insight and more thoughtful approach to serving clients.

Executive

The Executive plan is all about setting goals. Research shows that setting financial goals correlates with a higher rate of achieving them versus those who do not set goals.

The Executive level of membership features all the benefits of the Essential and Plus plans but also includes a focus on goal-based investing for up to six customized accounts.

Ellevest Fees

Ellevest fees are tiered based on the level of service required.

The monthly fee for Ellevest Essential is $1 per month while $5 is charged for Plus and $9 for Executive.

  • Essential: $1 per month
  • Plus: $5 per month
  • Executive: $9 per month

Like most robo-advisors, these management fees are exclusive of fund fees that range from 0.06% to 0.16% annually.

Our research shows that these fund fees are highly competitive, an another reason why Ellevest deserves your serious consideration, whether you are a woman or a man.

Ellevest Investment Method

Ellevest uses low-fee ETFs to build diversified portfolios that are aligned with clients’ financial goals, time horizons and capacity for risk.

Ellevest astutely realizes that risk tolerance may not be the optimal gauge to assess an investor’s risk profile because when markets are rising investors often overestimate their risk tolerances and when markets are falling they underestimate their risk tolerance levels.

Instead, Ellevest focuses on capacity for risk as a better tool to incorporate the timeline of reaching a financial goal.

Upon learning what your risk profile is and having a better holistic understanding of your financial goals and time horizons, Ellevest uses low-fee exchange-traded funds, including many from Vanguard, to build customized, diversified portfolios.

Essential

Model portfolios are used by Ellevest to manage clients’ assets. Ellevest allocates client monies to ETFs and cash equivalents on a discretionary basis using proprietary algorithms.

For each goal you set, Ellevest invests in a portfolio of ETFs using a method influenced by your time horizon, which you can change at any time.

Your accounts are monitored automatically, managed digitally, and rebalanced periodically according to the model strategy.

Rebalancing does carry a tax risk – for example, if winners are sold near year-end, the capital gains taxes may be significant.

Unlike Betterment and Wealthfront, Ellevest does not apply a broad tax-loss harvesting “brush” to all client portfolios.

The team doesn’t believe this is necessarily the best way to optimize for after-tax returns. For more information on the tax strategies employed by its rivals, you can view this tax article.

However, Ellevest doesn’t ignore tax considerations. Quite the contrary, it employs what it calls a Tax Minimization Methodology, which we describe below.

Private Wealth

A primary difference between the basic accounts and Private Wealth accounts at is human oversight. Ellevest personnel monitor client accounts and make portfolio adjustments as necessary but the minimum investment to elect the private wealth management option is $1,000,000 in investable assets.

Think of Ellevest Private Wealth as a more tailored solution to your individual needs, risk profile and financial objectives.

Ellevest builds a globally diversified portfolio that may include:

  • Individual debt instruments
  • Mutual funds
  • ETFs
  • Individual equities
  • Closed-end funds
  • Partnerships
  • Private and illiquid investments

Ellevest will look to apply tax minimization methods, including deferring capital gains and realizing losses when tax benefits outweigh transaction costs.

While investment methods are similar, perhaps the greatest benefit of Ellevest Private Wealth extends beyond your portfolio to factor in your money growth strategies for life.

We were impressed that Ellevest doesn’t just “talk the talk” when it comes to building a financial solution for clients. Because of its insights into how income and spending patterns differ for men and women, Ellevest can help clients to better navigate career hurdles by providing Executive Coaches at no extra charge.

And because clients get 1:1 access to Chartered Financial Professionals, Ellevest has a more holistic overview of your overall financial situation, which means a more personalized and tailored experience.

Ellevest Tools

Ellevest’s stand out tool is its trade-off algorithm which spotlights the cost-benefit analysis when you allocate more to one investment than another.

Ellevest has a nice trade-off tool which gives you insights into the effects of prioritizing one goal over another.

For example, if you are saving up for a new car but set a new goal to go on a fancy vacation abroad, Ellevest will inform you what the impact is to your car-buying goal.

You can view your goals on Mint also if you wish. Simply eSign on the Ellevest dashboard and away you go!

Ellevest Pros and Cons

Ellevest charges competitive fees for both its Essential, Plus and Executive services, provides Chartered Financial Professionals and Executive Coaches, and even has a private wealth management service for higher net worth individuals. 

Ellevest Pros Ellevest Cons
Management Fees: Low fees that range from $1 to $9 monthly depending on membership level. Tax Loss Harvesting: Ellevest views the merits of tax-loss harvsting differently to Betterment and Wealthfront.  While Ellevest does support tax-advantaged investing, it does not provide the granular approach to tax-loss harvesting, called Direct Indexing, offered by Wealthfront.
Emergency Fund Management Fee: No management fees are charged on monies held in emergency funds. This is highly unusual in the money management industry, which generally charges management fees even on cash held. Fewer Account Options: As a comparatively new robo-advisor on the scene, Ellevest caters to fewer account types than some other leading robo-advisors.
Chartered Financial Professionals: Ellevest clients receive discounted 1:1 access to CFPs for personalized guidance on finances and money growth strategies.
Executive Coaches: Ellevest clients also receive discounts to 1:1 access to executive coaches in order to help navigate salary negotiations and career events.
Private Wealth Management: For qualified clients investing $1,000,000 or more, Ellevest provides a private wealth management service that includes value-based investing options.
Financial Goal Setting: Ellevest provides greater specificity and clarity on financial goal-setting than you might find elsewhere.

Instead of investing more generally for the long-term, you get to “bucket” your financial goals so you can specify for example that you are saving for a new home, buying a new car, saving up for a vacation, building an emergency funds cash cushion, preparing for college tuitions, or putting money aside for a wedding.

Trade-off Tool: If you’re on track to meet your financial goals, but must pay for something new, what is the effect on when you will reach your financial goals? Those are the insights you may glean from Ellevest’s trade-off tool.
Gender Focus: Data shows that women’s salaries peak earlier than they do for men. This important income difference has significant effects on investing allocations, which Ellevest recognizes and supports.

Ellevest Minimums

Unlike most traditional advisor who charge management fees on both invested assets and cash, Ellevest stands out by charging no management fees on money held in emergency funds. Overall fees compare well to other robo-advisors.

Category Fees
Account Minimums $0 for Essential, Plus and Executive

$1M for Private Wealth Management

Investment Expense Ratio 0.06% → 0.16%
Annual, Transfer, Closing Fees $100 IRA Transfer Out Fee
Personal Finance Tools Trade-off Goal Setting

Ellevest Accounts

As the new kid on the block, compared to the the likes of Betterment, Wealthfront and Personal Capital, who started almost a decade earlier, Ellevest is playing catch up with the selection of accounts it has on offer.

Type Capability
Taxable Brokerage Account YES
Traditional IRA YES
Roth IRA YES
401(k) YES
403(b) YES

Ellevest Tax Strategy

Some basic tax minimization strategies are included as part of Ellevest’s offering, from deferring capital gains taxes and comparing transaction costs to realizing losses for tax purposes, but Ellevest differs from Betterment and Wealthfront when it comes to providing a “one-size fits all” tax-loss harvesting solution.

The Tax Minimization Methodology employed by Ellevest places tax-inefficient assets in tax-efficient accounts and tax-efficient assets in tax-inefficient accounts.

For example, tax-efficient municipal bonds are placed in taxable accounts while corporate and government bonds are placed in retirement accounts.

Plus, when your accounts need to be rebalanced, Ellevest maximizes your tax losses and minimizes your taxable gains wherever possible.

For specific tax advice, Ellevest encourages clients to consult with tax specialists.

Type Capability
Tax Deferring Gains YES
Tax Loss Benefits Vs Transaction Costs Comparison YES
Tax Minimization Methodology YES
Automated Tax Loss Harvesting NO

Ellevest Review Summary

Top robo-advisors need to look over their shoulder because the new “kid” in town has a lot to offer. Ellevest may be younger than its leading rivals, Betterment and Wealthfront, but what it lacks in age it makes up for in a world class product offering.

Ellevest charges low monthly fees for its membership levels: Essential, Plus, and Executive. Where Ellevest has the edge is its lower account minimum and it goes the extra mile by providing Chartered Financial Professionals and Executive Coaches who help with salary negotiations and career guidance.

Another standout feature at Ellevest is its gender focus. By recognizing that men and women experience salary peaks at different points in their respective careers, Ellevest constructs portfolios that are tailored to client needs. Plus, portfolio allocations dynamically adapt as clients get older to account for modified capacities for risk.

Ellevest considers tax impact in its service offerings and automatically rebalances portfolios as you might expect of any leading robo-advisor.

The bottom line is whether you are a woman or a man, you will need to go a long way before finding a robo-advisor that beats Ellevest.

The article Ellevest Review 2020 was originally posted on Investormint

]]>
0
tastyworks vs Robinhood Review https://investormint.com/investing/tastyworks-vs-robinhood https://investormint.com/investing/tastyworks-vs-robinhood#disqus_thread Sun, 04 Oct 2020 16:32:11 +0000 https://investormint.com/?p=8435 Robinhood charges no commissions when placing stock, options, or cryptocurrency orders. tastyworks charges no commissions to close stock and options trades, and supports many more options trading strategies than does Robinhood.

The article tastyworks vs Robinhood Review was originally posted on Investormint

]]>
The Robinhood free stock trading platform is famous. When it first launched, few believed it would be so disruptive. Since then, most other leading brokers have slashed their own commissions to zero on stock trades.

Among them was tastyworks, which has rapidly earned a reputation as a top options broker by charging no commissions on closing stock and options trades.

Compared to the best brokers in the industry, Robinhood and tastyworks stand out because of the social components built into their platforms.

Unlike their old-school competitors, the new crop of brokers recognize that traders enjoy connecting with each other, sharing ideas, and learning from successful investors.

And while both brokers are similar in some areas, they target very different types of traders, so between Robinhood vs tastyworks, which is right for you?

Robinhood vs tastyworks

robinhood logo
tastyworks logo

Is Robinhood Free Stock Trading Legit?

Robinhood shot to fame by lowering the cost of trading stocks to zero. Skeptics didn’t think the low cost would attract younger traders – its target audience. But they were wrong. In the panic of 2020, Robinhood became the “go-to” platform for retail traders.

But you might be wondering, how can Robinhood stay in business when charging no commissions?

How Does Robinhood Make Money?

What users may not know is that Robinhood sells customer order data to market makers.

Market makers pay brokers to process transactions. On each transaction you make on the Robinhood app, the broker is paid. So, while you the customer does not pay a commission, make no mistake that Robinhood is pleased when you trade more frequently.

As a free stock market trading broker, Robinhood lives up to its promise but it also features a premium service, called Robinhood Gold. If you want access to margin, you must pay.

This is a controversial feature because it essentially encourages leverage, and therefore more risky trading behavior.

And lastly, cash sitting in your brokerage account earns money for Robinhood because it is loaned out, albeit at pretty low interest rates of interest these days.

tastyworks vs robinhood

tastyworks Inc Review Snapshot

While fee-conscious stock traders will find Robinhood hard to beat, savvy options traders will find tastyworks to be virtually unparalleled.

tastyworks was founded by traders for traders. Whether you trade stocks, options, or futures, tastyworks can deliver a platform with lightning fast executions and rock bottom commissions costs.

Beyond low pricing, tastyworks shines with numerous social trading features. If you ever wished you could follow other traders, wish no more!

tastyworks browser follow

Simply click a featured trader’s profile to view a stream of their previously executed trades.

Another nice feature is the stock Grid, which provides a view of which stocks are trading higher and lower on the day.

When you select a particular stock, an options chain pops up so you can easily place trades quickly.

The tastyworks platform is designed for active stock, options, and futures traders while Robinhood is ideal for fee-conscious traders who want to pay no commissions on stock and cryptocurrency trades.

Robinhood vs tastyworks: Commissions

Commissions and fees on the tastyworks platform are very reasonable compared to most other brokers.

tastyworks is the better bet if you wish to place options trades or futures trades regularly.

Options Opening Trade Stock Opening Trade Futures Opening Trade All Closing Trades
$1.00
(per contract)
$0.00
(unlimited shares)
$2.50
(per contract)
$0.00
(clearing fees apply)

While Robinhood has no commissions on stock trades, it is by no means markets itself as a specialist options trading platform.

In fact, Robinhood for a long time didn’t even support market orders for options trades due to their lower liquidity levels whereas this is no issue at tastyworks.

If options and futures trading is not your thing, but trading stocks and cryptocurrencies is, then Robinhood is a better match.

Options Trades Stock Trades Cryptocurrencies Robinhood Gold
$0
(clearing fees may apply)
$0
(clearing fees may apply)
$0
(clearing fees may apply)
$10+
(per month depending on tier)

Margin trading is available at both tastyworks at Robinhood.

tastyworks follows the more conventional approach of charging interest on margin funds, which essentially is money loaned to you.

Robinhood also loans money on margin but charges a fixed monthly fee depending on how much margin you need. You will need to upgrade to Robinhood Gold to be approved for margin.

tastyworks vs Robinhood
Options Strategies

Robinhood supports very few options trading strategies. Only the purchase of long calls and long puts, covered calls, and cash-covered puts is available.

By comparison, it’s hard to imagine an options strategy not available at tastyworks.

Whether basic options strategies like married puts, bear call spreads, and bull put spreads, or more complex ones like iron butterflies and ratio backspreads, tastyworks caters to them all.

TastyWorks Options Strategies Robinhood Options Strategies
  • Bear Put
  • Bull Put
  • Bear Call
  • Straddle
  • Strangle
  • Ratio Put Backspread
  • Ratio Call Backspread
  • Ratio Put Spread
  • Ratio Call Spread
  • Iron Butterfly
  • Iron Condor
  • Combination Strategies
  • (and many more)
  • Long calls and Long Puts
  • Covered Calls
  • Cash Secured Puts

tastyworks vs Robinhood Tools

Robinhood makes it easy to buy and sell but where it shines in simplicity it falls short in research capability.

While you can view your portfolio holdings and the prices at which stocks are trading easily, Robinhood doesn’t provide screeners or tools of any significance really to help you scout for new ideas.

By contrast, tastyworks is built with the idea of helping you to find new trading opportunities using the Portfolio, Analyze, and Trade tabs.

tastyworks browser monitor display

On the web-based dashboard, you can Follow stock market trade ideas from experts.

Even experienced traders should find this discovery tool helpful in uncovering new trading ideas.

tastyworks trader view

Not sure about a trading strategy? Test out your own ideas using the Analyze tab on the dashboard.

Rather than risk your own money, check the gain vs loss risk profile of the trade during the expiration cycle.

The visual display will highlight all the relevant calculations, fees, and timelines so you are left in no doubt how your position will change in value at different price and time points.

tastyworks browser order display

The Correlation Matrix is another diamond under the hood of the tastyworks dashboard.

Want to know how much Facebook stock fell when Alphabet share price fell? The Correlation Matrix shows you instantly.

tastyworks browser insights display

Pro Tip: For experienced traders who want even more tools, compare tastyworks vs thinkorswim.

thinkorswim has feature-rich charts that display over 300 technical studies, Fast Beta (an embedded programming language), Strategy Roller to automate covered call roll forwards, and lots of screening and scanning tools.

tastyworks vs Robinhood

Overall Winner

During our research for this article, we discovered a Robinhood vs tastyworks Reddit comment which boldly stated “Give me tastyworks, or give me death!” – a reference to Patrick Henry’s 1775 speech “Give me liberty or give me death!

With so much to offer, it is obvious why tastyworks has built such a loyal following. But Robinhood has its merits, especially for cryptocurrency traders and stock traders who care more about price than research capability.

tastyworks Wins Robinhood Wins
Active Options & Futures Traders: tastyworks caters to all options and futures strategies, whereas Robinhood supports just a few basic ones. If you are an active and serious options or futures trader, tastyworks is your best bet. Commissions and Fees: You can’t beat zero commissions for stock, options, and cryptocurrency trades. This is where Robinhood scores most points.
Order Types: Robinhood does not support market orders for options trades so if you want fast execution, you will need to stick with tastyworks. Cryptocurrency Trading: tastyworks does not support crypto trading, so if buying Bitcoin and Ether is of interest to you, Robinhood wins.
Tools and Research: tastyworks has an abundance of tools to help you find new trading ideas, follow expert traders, analyze new trades, and even correlate the movement of stock prices with the prices of other securities. Robinhood by comparison has very few tools. Intuitive Platform: Robinhood is designed for traders who want to buy stocks easily. As a result, the platform is easy to use and quite intuitive. The tastyworks platform will take more time to learn due to all the features under the hood.
Live Financial News Network: The tastytrade financial news network is available free all day to tastyworks users. Financial experts feature throughout the trading day and discuss strategies, market movements, and hot topics to help you improve your trading skills and stay informed.

Which Trading Platform Is Best: Robinhood or tastyworks?

Robinhood and tastyworks are not so much two peas in a pod as they are apples and oranges.

Traders who value price the most will be better suited at Robinhood, which provides free stock, options, and cryptocurrency trading.

For active options and futures traders, tastyworks is the better choice because it caters to just about every trading strategy imaginable whereas Robinhood supports just a handful of basic strategies.

For users who want a simple, intuitive trading experience where they can enter their information at the Robinhood login area, place a trade on the go and move on, Robinhood is better with a more intuitive user experience.

However, tastyworks has screeners, tools, and a social layer under the hood which makes it much more powerful when it comes to research capability and finding new trading ideas.

Ultimately the choice boils down to your financial goals. Want a quick, cheap trading experience without the frills, Robinhood is for you. But if you need a powerful trading platform designed by traders for traders then tastyworks will cater to your needs best.

 

The article tastyworks vs Robinhood Review was originally posted on Investormint

]]>
0
How To Invest $20k https://investormint.com/investing/how-to-invest-20k https://investormint.com/investing/how-to-invest-20k#disqus_thread Sun, 04 Oct 2020 16:22:27 +0000 https://investormint.com/?p=8873 Here are ways to invest $20k. 1. Buy dividend-paying stocks. 2. Invest in mutual funds via a robo-advisor. 3. Gain exposure to property with crowdfunding sites. 4. Loan money on peer-to-peer platforms.

The article How To Invest $20k was originally posted on Investormint

]]>
Whether you squirreled away money, won the lottery, or received a bonus at work, you might now be wondering how to invest $20k to generate the best return on your money.

The good news is you are spoilt for choice because of the many ways to invest $20,000. From stocks and bonds to real estate crowdfunding sites and peer-to-peer lending platforms, the options for investors are almost endless these days.

Here, we break down the best ways to invest wisely.

How To Invest $20k In Stocks

Tempting as it might be to bet your $20,000 on penny stocks, a smarter choice is to follow in the footsteps of Warren Buffett, who amassed billions by investing wisely.

His secret sauce boiled down to buying companies with sustainable competitive advantages. These are companies that have dominant market shares, pricing power, and predictable cash flow streams.

Generally they also pay a regular dividend, such as Coca Cola. Even a great company like Alphabet may not make the cut in his Berkshire Hathaway portfolio because it doesn’t pay dividends.

Instead he prefers solid companies that have stood the test of time and pay out generous dividends. Kraft Heinz, and Coca Cola are among his favorite long-term holdings. More recently, he took the plunge into the technology sector by buying Apple, and it’s been a runaway success so far.

Although the investing strategy may seem boring, Professor Jeremy Siegel’s research in his book Stocks For the Long Run revealed that the total stock market returns through most of last century were overwhelmingly due to reinvested dividends.

As alluring as high flying stocks, like Netflix, can be at times, the reality is they can crash just as quickly, leaving traders with nothing but heartache and losses.

To get started buying dividend-paying stocks, open a trading account at a top online broker like tastyworks or thinkorswim, where commissions are low, support staff are excellent, executions are fast, and the trading platforms are robust.

TASTYWORKS SPOTLIGHT
tastyworks logo

InvestorMint Rating

4.5 out of 5 stars

  • Commissions: All closing trades are commission-free
  • Account Balance Minimum: $0
  • Commissions: $0 flat rate for stocks

via tastyworks secure site

How To Invest $20,000 In Mutual Funds

If the idea of stock picking and managing your own portfolio scares you, a diversified portfolio may be a better fit.

Specifically, a robo-advisor could be a perfect match for you and offers the potential to spread your eggs across a wide variety of industries and sectors.

Robo-advisors are a new breed of financial advisor. They leverage technology and computer algorithms to automatically invest your money based on your age, risk preferences, financial goals, and other factors.

Betterment leads the pack of robo-advisors. All the bells and whistles you might hope for are packed into the Betterment website. Investors who want a purely automated solution can choose Betterment Digital, which costs 0.25% in annual fees.

how to invest 20k

That means if you invest $20,000 you will pay just $50 per year for a top roboadvisor who will invest your money in mutual funds or index funds. Or if you want access to a team of Chartered Financial Professionals via Betterment Premium, the fee is 0.40%, which would amount to $80 for the year.

Betterment pays special attention to the tax impact of investing in order to make sure you get the most bang for your buck. Through various strategies like tax-loss harvesting and tax-coordinated portfolios, Betterment claims annual returns can increase by as much as 2.66%.

BETTERMENT SPOTLIGHT
betterment

InvestorMint Rating

5 out of 5 stars

  • Promo: Up to 1 Year Free Management
  • Management Fee: 0.25% – 0.40%
  • Account Minimum (Betterment Digital): $0
  • Account Minimum (Betterment Premium): $100,000

via Betterment secure site

Another roboadvisor worth checking out is Ellevest, which is unique in the way it segments men vs women.

Women tend to reach their peak earning age younger than men. And because women tend to live longer than men, they need to be savvy about how to invest money over a longer time span as their income declines.

Ellevest understands these very real differences between men and women, and invests clients’ monies accordingly.

How To Invest $20k In Real Estate

Real estate has been a solid investment over any long term period during the last century. But how do you invest $20k in real estate without buying property yourself?

Fortunately, real estate crowdfunding sites have sprung up to help investors pool money to buy properties that would otherwise be unaffordable to any single investor.

No longer do you need to do the hard work of applying for a bank loan, finding a tenant, and maintaining a property. Instead, companies like Fundrise and Rich Uncles do the heavy lifting.

With as little as $500 → $1,000 you get exposure to real estate from the comfort of your living room.

Rich Uncles specializes in commercial real estate and student housing. Brand name tenants like Chevron and Dollar General rent out Rich Uncles commercial properties while occupancy rates in student housing are predictably high from one year to the next.

Fundrise features private real estate investment trusts that operate much like publicly traded REITs, albeit with a dashboard that allows you to track your investments 24/7.

It also offers an eFund, which buys and develops land that is sold to residential homeowners.

FUNDRISE SPOTLIGHT

fundrise logo

InvestorMint Rating

4.5 out of 5 stars

  • Minimum Investment: $500
  • Returns: 11.44% (net of fees)

via Fundrise secure site

If you prefer to invest $20k in property that you own yourself, Roofstock is your best bet. Its model is so successful that it raised $50 million to expand.

Roofstock rates neighborhoods, finds homes to buy that are already rented, connects you to local property managers, and even lets you buy properties online with a few mouse clicks!

Gone are the days when you needed to trek around neighborhoods for property deals!

Invest $20,000 In P2P Lending
For Higher Returns

Peer-to-peer lending is a way to invest $20,000 without relying on the stock market or real estate to generate returns.

The way it works on leading peer-to-peer lending platform, Prosper, is that you loan money to a borrower for a fixed period of time at a specific interest rate.

Prosper vets borrowers and assigns them to risk categories so you know ahead of time how risky similar borrowers are when it comes to paying back their principal and interest.

You can choose to loan money to a dentist who may be consolidating credit card debt to a lower rate or to a doctor who may be refurbishing a home for example.

If you were to loan out $20,000 to a few dozen borrowers you could spread your risk and maybe earn a handsome yield that would beat bank savings rates.

PROSPER SPOTLIGHT

prosper logo

InvestorMint Rating

4 out of 5 stars

 

  • Min Credit Score: 640
  • APR Rate: 6.95% – 35.99%
  • Origination Fee: 2.4% – 5%

via Prosper secure site

What other ways to invest $20k do you know that we should include in this article? We would love to hear from you.

>> What Is The Best Way To Invest $10,000?

>> How Much Should You Save For Retirement?

>> Saving Vs Investing Money: How Do You Decide?

 

The article How To Invest $20k was originally posted on Investormint

]]>
0
Can You Buy Stocks On Betterment? https://investormint.com/investing/robo-advisors/can-you-buy-stocks-on-betterment https://investormint.com/investing/robo-advisors/can-you-buy-stocks-on-betterment#disqus_thread Sun, 04 Oct 2020 16:15:35 +0000 https://investormint.com/?p=13942 Betterment is a roboadvisor, not a self-directed broker, so you cannot buy stocks on Betterment.

The article Can You Buy Stocks On Betterment? was originally posted on Investormint

]]>
BETTERMENT SPOTLIGHT
betterment

InvestorMint Rating

5 out of 5 stars

  • Promo: Up to 1 Year Free Management
  • Management Fee: 0.25% – 0.40%
  • Account Minimum (Betterment Digital): $0
  • Account Minimum (Betterment Premium): $100,000

via Betterment secure site

Not long ago, there was a sharp divide between those who could invest in the stock market with the help of a financial advisor and those who were left to fend for themselves.

Professional financial advice of any sort was simply not affordable for people with average income and assets.

All of that changed when Betterment launched the first true automated investment advisor.

Also known as a robo-advisor, Betterment created algorithms capable of offering customized investment advice at minimal cost.

This transformed the industry, making it possible for almost anyone to enter the market regardless of their portfolio size – but some potential investors are still doubtful.

Can an algorithm really provide smart guidance on money management?

Betterment Puts Investing
On Auto-Pilot

Managing money is not for the faint of heart. Whether you have a little or a lot, it is easy to get overwhelmed with all of the decisions that need to be made.

Should you open a money market account or a brokerage account? Should you buy stocks or Exchange Traded Funds (ETFs)? And which ones?

Are you setting enough of your income aside? How much risk is too much? Most importantly, are you going to be able to meet your financial goals?

Answering these questions based on your unique financial situation is Betterment’s specialty – and believe it or not, it’s all done through an automated service.

grow your investment

You start by completing your profile and setting financial goals, then the system suggests how much you should save and ensures your money is invested in a manner that is most likely to get you where you want to go.

Betterment accounts are best for those who are more of a set-it-and-forget-it sort. The process is fully automated, so you don’t have to make any day-to-day decisions. 

The service is most popular among beginner investors, those who prefer a hands-off approach, and those who are starting with relatively low balances.

It is also a favorite among investors who are focused on their retirement savings, as well as those who want to achieve other specific financial goals, because a long list of tools and educational resources are included with every account.

>> Betterment vs Robinhood

How Does Betterment Work?

Betterment account holders choose one of two options, depending on the size of their balance and how important they consider the ability to access live Certified Financial Planners.

The basic Betterment Digital service has no minimum balance requirement. Management fees come to 0.25% of the total account balance, so those with less in the way of assets pay less in real dollars than peers with a bit more in their Betterment accounts.

Investors with $100,000 or more under management with Betterment can access the Betterment Premium service. 

This is a bit more costly at 0.40% of total assets under management, but it comes with extra benefits like unlimited phone access to Certified Financial Planners.

>> Betterment Safety Net Fund Review

Can You Buy Stocks On Betterment?

Some investors are surprised to hear that they cannot buy stocks on Betterment. After all, brokers like Schwab make it possible for average people to buy shares of top-notch companies.

Betterment takes a different approach – one that tends to offer better returns over time when compared to self-directed investment accounts.

A team of experts looks at a wide selection of domestic and international Exchange Traded Funds (ETFs).

The top contenders are rated based on a number of criteria, including the associated expense, then your money is invested in the best of the bunch.

The advantage? Automatic diversification.

With ETFs, your assets are spread among multiple industries – and several companies within those industries – to ensure you don’t make the mistake of keeping all of your eggs in one basket. 

With that said, how your money is invested and which ETFs you hold in your portfolio will be different from the selections made for other Betterment clients.

Your portfolio is customized to meet your personal financial goals in a timely manner, and you can make certain choices based on what is most important to you.

For example, Betterment has a socially responsible investment strategy available, as well as one that is focused on generating income. If you are trying to reach several goals with differing end dates, you can create a multi-strategy portfolio that meets those needs.

Your benefits don’t end with investment selection. Betterment also handles on-going maintenance that is critical to maximizing your returns. Examples include tax loss harvesting to minimize your tax bill, as well as tasks like automatic rebalancing, reinvesting dividends, and so forth.

That alone is well-worth the 0.25% fee, considering the amount of time it takes to complete these transactions properly.

>> Acorns Vs Betterment Comparison

Can You Make Money With Betterment?

Betterment’s mission statement says it all in terms of whether you can make money through the service.

In short, the company’s mission is “to empower people to do what’s best for their money so they can live better.

Certainly, that mission statement is no guarantee of specific returns, but the goal is clear.

If you leave your money in the hands of your Betterment robo-advisor, you can count on making the most of whatever opportunities the market offers.

>> Compare Betterment Vs DIY

Can Betterment Make You Rich?

Some investors want to know that they can count on specific returns – the sort of returns that will take them from getting by to getting rich.

They want Betterment to get them in on the ground floor of the next Apple, Microsoft, or Amazon, so that ten years from now, they can live the high life.

Alas, Betterment doesn’t work quite that way. In fact, no advisor, automated or otherwise, can promise riches.

The stock market is unpredictable and Betterment aims to intelligently build diversified portfolios.

Certainly, there are some who have made fortunes through their stock picks. Warren Buffett is one of the most famous, but even he doesn’t have a magic formula – proof of that is his underperformance compared to the S&P 500 in the second decade of the millennium.

Instead, he chooses solid companies with dominant market shares and top-notch brands that can afford to pay out impressive dividends. Then he buys and holds his shares for decades to achieve his impressive results.

So, can Betterment make you rich? Perhaps, but that depends on you as much as your Betterment account.

If you want to generate long-term gains, take a disciplined approach to adding funds to your portfolio, and resist the temptation to cash out, regardless of circumstances.

Historically, the stock market has always grown given enough time, and Betterment will ensure that you are in the best possible position to benefit from any gains.

>> Betterment Vs S&P 500 Comparison

Can You Lose Money on Betterment?

No one wants to lose their hard-earned money, but unfortunately that’s a risk whenever you invest.

Whether you choose Betterment or another robo-advisor firm, or a personal investment advisor, there is always a chance that unforeseen events will erase profits – and possibly eat into your principal balance.

Some would-be investors aren’t comfortable with any risk at all. They choose to skip the markets in favor of the guaranteed returns available from traditional banking products like money market accounts and Certificates of Deposit (CD).

The problem with such a strategy is that you aren’t truly eliminating risk. You are simply exchanging investment risk for other types of risk.

One of the biggest issues that comes with guaranteed interest is that those interest rates are shockingly low. They are so low, in fact, that while you won’t technically lose principal, you won’t earn enough to offset inflation.

By the time you withdraw from your account, your original deposit will be intact. However, it will be worth less in real buying power than it was when you first opened your account.

The only way to mitigate this type of risk is to generate returns that are higher than the rate of inflation. Generally speaking, that’s only possible through a well-managed investment portfolio.

Yes, you might see some dips in your balance, but that’s part of the process. If you remain patient, you are more likely than not to recover your losses and then some when your portfolio is properly managed.

>> Betterment vs Schwab Intelligent Portfolios

Will Betterment Survive?

When the market is volatile, many start to question whether robo-advisors like Betterment can survive. After all, these companies depend on average investors to make their profits, and average investors are less able to set money aside during economic downturns.

There are some naysayers who are convinced that robo-advisors can’t survive certain market conditions, but that’s a minority opinion.

Most experts believe that self-directed investors who lose big during a market crisis are more likely to switch to services like Betterment. The low cost expert management is awfully appealing when things have gone terribly wrong.

The bottom line is that Betterment is a solid choice for investors who want to enjoy the benefits of entering the stock market without all of the effort. A Betterment account offers high-quality management for a low cost, with little or no time commitment.

>> Prosper vs Betterment Comparison

The article Can You Buy Stocks On Betterment? was originally posted on Investormint

]]>
0
SoFi Automated Investing Review https://investormint.com/investing/robo-advisors/sofi-automated-investing-review https://investormint.com/investing/robo-advisors/sofi-automated-investing-review#disqus_thread Tue, 29 Sep 2020 09:56:50 +0000 https://investormint.com/?p=13934 SoFi Automated Investing review rates the company highly thanks to 0% management fees and no minimum balance requirements.

The article SoFi Automated Investing Review was originally posted on Investormint

]]>
SOFI SPOTLIGHT
sofi logo 2019

InvestorMint Rating

5 out of 5 stars

  • Management Fees: 0.0% of assets invested
  • Account Balance Minimum: $100

Do you already have a student loan with SoFi? If so, you’re probably over the moon with the company’s customer service. Its reputation is stellar – a rarity among financial institutions. And SoFi’s Facebook group is chirping with satisfied customers. So you might be thinking what all the fuss is about with SoFi Automated Investing?

Or maybe this is your first time stumbling across SoFi and you’re keen to get started investing but without paying a fortune to a financial advisor? You’re in the right place.

SoFi Automated Investing allows you to put your stock market portfolio on auto-pilot. Yet it’s much more than that. Unlike most traditional financial advisors and other robo-advisors, SoFi won’t ding you with management charges.

Intrigued already? That’s just the beginning. In this SoFi Automated Investing review, we’ll show you so many perks of the product that you may decide this is the only investment option for your hard-earning savings.

Robo-Advisors 101: A Quick Primer

Once upon a time, you had to be quite wealthy to trade stocks. A typical order was 100 shares, and you were expected to have cash to cover the entire purchase. On top of that, you were responsible for an array of commissions and fees each time you made a trade.

All of that changed with the digital revolution and the subsequent introduction of robo-advisors – a class of automated investing platforms that make it possible for virtually anyone to gain exposure to the stock market in a hands-off manner.

But how is it possible for robo-advisors to make recommendations without a human touch?

The answer comes down to carefully constructed algorithms. These systems rely on algorithms combined with personal details supplied by clients to develop portfolio suggestions.

Robo-advisors might be best-known for their low and no-fee account options. Users pay a fraction of the cost of a financial advisor, and most have low or no minimum balance requirements. 

Investors that find themselves in need of personal investment advice can subscribe to costlier premium account services.

SoFi has taken the robo-advisor model and added premium services without premium fees. The biggest advantage SoFi investors enjoy is unlimited access to live financial advisors completely free of charge.

Of course, that’s not the only feature to consider when choosing a roboadvisor. This comprehensive SoFi automated investing review offers an in-depth look at the pros and cons of opening an account.

Pros and Cons of
SoFi Automated Investing

The primary features to look for when choosing a robo-advisor include low or no-fee account options, a minimum balance requirement that meets your needs, a simple, user-friendly interface, goal planning tools, educational resources, a selection of investment options, and exceptional customer service.

SoFi does well on all of the above.

Pros Cons
Minimum Balance Requirement: SoFi boasts that you can start investing with just $1. Limited Account Support: Individual and joint accounts as well as IRAs: Roth, SEP and Traditional
Fees: None. Managed accounts have a 0% charge. Tools: Compared to Betterment, SoFi lacks an extensive suite of tools but does offer portfolio and wealth projection tools.
User-Friendly Interface: SoFi can be accessed online, but most choose to manage their accounts through the mobile app. User reviews are positive in terms of platform intuitiveness, reliability, and overall quality of the technology. Investment Strategies: Up to ten strategies available which should be sufficient for most investors, though some leading competitors such as M1 Finance offer even more flexibility.
Goal Planning Tools: SoFi has a number of features dedicated to goal planning. You can offer information on particular goals that are high priority, such as a wedding, home purchase, or retirement. Tax Loss Harvesting: SoFi has no tax-loss harvesting option. This could put you at risk for higher tax liability on any returns you earn, so if your primary concern is reducing your tax bill, this might not be the best option for you.
Exceptional Customer Service: Customer service and technical support are open for extended hours seven days a week, and users have nothing but good things to say about their courtesy, professionalism, and expertise. That’s a plus when dealing with unfamiliar systems and software. New To The Game: SoFi is one of the newer robo-advisors. The larger company was founded in 2011, but this service was just launched in 2017. Compare that to others like Wealthfront (founded 2008), Betterment (founded 2008), and E-Trade (founded 1982). Clearly, SoFi has a limited history, which gives investors less information on SoFi’s ability to deliver on its value proposition.
Educational Resources: The SoFi education hub is called Investing 101, but it has a surprising range of resources that appeal to beginners and experts alike. Those new to the stock market or interested in learning more about assets like cryptocurrency can find in-depth discussion and advice from experienced consultants.
Human Advice: It is one of the only robo-advisors that offers free, unlimited access by phone to Certified Financial Planners.
Members-only Perks: Career planning services, discounts on additional products and services, no-cost estate planning, and referral bonuses.
Automatic Rebalancing: If you choose the automated account management option, you can set it up and ignore it almost indefinitely. The system handles funding, diversification, and rebalancing based on your settings.
Recommendations Engine: Develop a strategy based on time-specific categories like short-term (up to three years), medium-term (three to ten years), medium-long-term (ten to twenty years), and long-term (twenty-plus years). The automated system offers recommendations to support achievement of your goals.

Is SoFi Automated Investing
Right for You?

While anyone can benefit from reducing or eliminating fees, SoFi isn’t right for everyone.

The service is primarily intended for those just starting out with investing, those who prefer a hands-off or self-directed approach, those who want the support of Certified Financial Planners without paying premium prices, and those who don’t yet have a large amount to invest.

SoFi’s member benefits are designed with younger investors in mind. For example, career coaching, student loan interest discounts, and financial planning for education tends to interest people under the age of 30.

With that said, the service has plenty of members who have finished their education and are well-established in their careers, so if the other features are appealing, SoFi might be the right choice for you.

Is SoFi Safe?

SoFi Securities LLC is a FINRA registered broker dealer, and your account is a brokerage account. That means it is possible for your investments to lose value. However, your assets are insured if the company fails.

Bank accounts are insured by the FDIC, but your SoFi brokerage account is insured by the SIPC. You can recover up to $500,000 in securities or $250,000 in cash if something goes terribly wrong.

With that said, broker dealers are held to the same high standards as other financial institutions, and SoFi takes that responsibility seriously. You can count on state-of-the-art cybersecurity, as well as tools and resources intended to support you in reaching your financial goals.

How To Open A SoFi Automated Investing Account

To open your account, begin by downloading the app and completing a brief application.

The application is also available online at SoFi’s website. You will be asked to supply basic personal details such as your social security number and date of birth, and you may be asked to submit documents verifying your identity.

Once your account is open, you can fund it electronically from an existing account with another financial institution. 

It usually takes a day or two for your funds to be available for investing, but in the meantime, you may qualify for immediate access to as much as $5,000 while you wait for your deposit to clear.

While you wait, you can make plans for how you will use your account. The first question is whether you will choose your own trades or allow the automated service to handle your portfolio (the focus of this review).

If you choose the self-directed route, take advantage of the educational resources available on the site. These offer critical information on building a strategy that makes sense based on your financial goals and your investment preferences.

You won’t pay any fees for trading stocks and ETFs. If you want to buy shares that are priced out of your budget, SoFi permits fractional share purchases on certain stocks.

How SoFi Compares to Alternative Robo-Advisors

SoFi might not have all the features of its biggest competitors, but members tend to agree that SoFi comes through where it counts. Consider the pros and cons of investing with industry leaders like Betterment and Wealthfront.

BETTERMENT SPOTLIGHT
betterment

InvestorMint Rating

5 out of 5 stars

  • Promo: Up to 1 Year Free Management
  • Management Fee: 0.25% – 0.40%
  • Account Minimum (Betterment Digital): $0
  • Account Minimum (Betterment Premium): $100,000

via Betterment secure site

Betterment is widely considered the first true robo-advisor firm. It was founded in 2008 and started opening investor accounts in 2010. It is the largest independent automated advisor, and it offers a wide range of investment options, goal-based tools, and educational resources.

Like SoFi, Betterment allows investors to purchase fractional shares, and it has no minimum balance requirement. However, it does charge a 0.25% management fee, which can be waived for one year with a qualified initial deposit. For some, that’s a deal-breaker.

Wealthfront, on the other hand, is intended for an entirely different class of investors. Though it is also a robo-advisor, it doesn’t compete for the same clientele as SoFi. Wealthfront does not permit fractional shares and has a minimum balance requirement of $500.

Wealthfront charges a 0.25% management fee that is waived for the first $5,000 in assets. The biggest feature that Wealthfront offers – and SoFi does not – is daily tax-loss harvesting. For investors that see large gains from large investments, this feature can mean significant tax savings.

SoFi Automated Investing
Review Summary

The bottom line is that those who are beginning to explore the world of investing and those who don’t have a large amount to invest can realize important benefits from opening their accounts with SoFi.

In addition to the tools and educational resources the service offers, less experienced investors have the opportunity to consult with a Certified Financial Planner as needed.

More importantly, SoFi makes investing in the stock market accessible regardless of wealth through its zero fee, no minimum balance structure, the ability to purchase fractional shares, and low-expense investment options like ETFs.

The article SoFi Automated Investing Review was originally posted on Investormint

]]>
0
PowerShares QQQ vs VGT https://investormint.com/investing/powershares-qqq-vs-vgt https://investormint.com/investing/powershares-qqq-vs-vgt#disqus_thread Tue, 22 Sep 2020 14:06:47 +0000 https://investormint.com/?p=13928 QQQ vs VGT: QQQ is a bet on the NASDAQ 100, the top technology stocks while VGT tracks a smaller cohort of companies in the same sector.

The article PowerShares QQQ vs VGT was originally posted on Investormint

]]>
Exchange-traded funds (ETFs) are an easy way to diversify your investments in a market segment or group of stocks instead of depending on one company.

This investment tool allows you to benefit from high-priced stocks that may otherwise be out of your price range. It also helps you mitigate risk by participating in an advanced trading strategy that may otherwise be inaccessible, either through lack of finances or information.

Two popular ETFs are Vanguard Information Technology (NYSEARCA:VGT) and PowerShares QQQ although you may not know the differences in what they actually do. This is your guide to comparing QQQ vs VGT and determining which one you should invest in.

Let’s start by explaining what each fund comprises, starting with QQQ.

What Is PowerShares QQQ

There are several ways to invest in QQQ, which can be a bit confusing to the average investor.

This includes the QQQ stock symbol, ProShares TR/Ultrashort QQQ ETF (NYSEARCA:QID), ProShares TR/UltraPro Short QQQ (NASDAQ:SQQQ), ProShares TR/UltraPro QQQ (NASDAQ:TQQQ), and to a lesser extent Invesco Ltd. (NYSE:IVZ), the investment management company running the fund.

These are ways to bet on or against the Nasdaq 100 index, a group of 100 actively traded non-financial stocks. In some cases you gain exposure

QQQ comprises companies across sectors like technology, healthcare, retail, and more.

Each company is weighted to keep members with different market capitalizations balanced. To qualify, a company needs to be listed on the Nasdaq exchange for at least two years with an average daily trading volume over 200,000, along with releasing quarterly and annual reports.

Companies are disqualified for issues such as filing bankruptcy and must be listed exclusively on Nasdaq.

Notable companies in the Nasdaq 100 include

  • Apple Inc. (NASDAQ:AAPL)
  • Amazon.com, Inc. (NASDAQ:AMZN)
  • NVIDIA Corporation (NASDAQ:NVDA)
  • Facebook, Inc. Common Stock (NASDAQ:FB)
  • Tesla Inc (NASDAQ:TSLA)
  • PayPal, Holdings Inc (NASDAQ:PYPL)
  • Comcast Corporation (NASDAQ: CMCSA)

Technology companies account for a large portion of the QQQ index, at over 60 percent of the fund. The QQQ ETF has over $125 billion in assets under management, and it’s a cost-efficient exposure to a broad range of companies.

powershares qqq vs vgt

The QID fund goes a step further, doubling your exposure via a series of futures and swaps. If the QQQ falls, QID corresponds to 2x the inverse movement – so you can make money as the broader market declines.

SQQQ and TQQ kick it up another notch by seeking triple daily returns through two separate and riskier strategies.

At the root of each ETF, however, is the Nasdaq 100. The long-term oriented investor is best served buying QQQ as it exposes them to long-term stock market gains in the technology sector while traders who aim to profit from shorter term dips in price can look to the QID or SQQQ.

>> Vanguard VFIAX Vs VOO

Vanguard Information Technology ETF Explained

While they have a lot of the same investments – like Microsoft Corporation (NASDAQ:MSFT), PayPal, Nvidia – the Vanguard Information Technology ETF dives deeper into technology stocks than QQQ.

It’s a technology-specific ETF that seeks to replicate the broader technology sector. However, there are some notable tech stocks missing.

Besides those already mentioned, it also includes several heavy-hitting financial technology stocks, like:

  • Visa Inc. Class A (NYSE:V) 
  • Mastercard Incorporated Class A (NYSE:MA)
  • Cisco Systems Inc. (NASDAQ:CSCO) 
  • Intel Corporation (NASDAQ:INTC) 
  • Adobe Inc (NASDAQ:ADBE)
  • Oracle Corporation (NYSE:ORCL)
  • Salesforce.com, inc. (NYSE:CRM) 

Like QQQ, its biggest exposure is in Apple, but this ETF portfolio’s Top 10 list notably lacks Facebook, Inc. (NASDAQ:FB), Alphabet Inc (NASDAQ:GOOGL), and Amazon (AMZN).

If you want to include those while sticking with Vanguard, the Vanguard Growth ETF (NYSEMKT:VUG) is the perfect fund for that, although it also includes non-tech securities.

The VGT is one of many ETFs provided by Vanguard – in fact, it’s the second largest provider after iShares. It has a wide variety of industry-specific ETFs, and each is a broader part of the Vanguard Total Stock Market ETF (NYSEARCA:VTI).

VGT is passively managed to track and manage the performance benchmarks of the information technology market sector. Each component is weighted to balance the market capitalizations and ensure a smooth investment vehicle.

In fact, let’s dive deeper into the investment differences between the Nasdaq 100 and Vanguard’s indexes to see how they compare.

>> Vanguard VTI Vs VOO

What Stocks Make Up QQQ?

There are 100 stocks in the Nasdaq 100, and they run the gamut of industries. Its heyday came during the Dotcom Bubble at the turn of the millennium, although it still maintains around $10 billion in average daily trading volume in 2020.

Stocks on the QQQ index include:

  • Activision Blizzard Inc (NASDAQ:ATVI)
  • Charter Communications Inc (NASDAQ:CHTR)
  • Dollar Tree, Inc. (NASDAQ:DLTR)
  • Kraft Heinz Co (NASDAQ:KHC)
  • Mondelez International Inc (NASDAQ:MDLZ)
  • NXP Semiconductors (NASDAQ:NXPI)
  • Sirius XM Holdings Inc (NASDAQ:SIRI)
  • T-Mobile US (NASDAQ:TMUS)
  • Ulta Beauty Inc (NASDAQ:ULTA)
  • Verisign, Inc. (NASDAQ:VRSN)

Zoom Video Communications Inc (NASDAQ:ZM), DexCom, Inc. (NASDAQ:DXCM), DocuSign Inc (NASDAQ:DOCU), Moderna Inc (NASDAQ:MRNA), and Pinduoduo Inc – ADR (NASDAQ:PDD) were all added to the index in the aftermath of the 2020 novel coronavirus pandemic.

They were able to successfully recover and generate revenues to maintain or gain value for investors while the components they replaced (which included multiple airlines) failed.

In fact, every year, the Nasdaq 100 is rebalanced and reranked, while included companies can be replaced at any time by higher-performing investments.

This fluidity ensures you benefit from an advanced investment strategy without needing to actively monitor the entire market to determine where your funds should go.

Typically, only day traders and large investment firms have professional analysts watching these markets. With the QQQ ETF, you gain their experience without the time investment.

Let’s explore the fees involved with investing in each of these ETFs mentioned.

QQQ Fees and Expense Ratios

The expense ratio or managed expense ratio (ER/MER) is how much of the ETF’s assets are used for operational expenses.

Because these administrative and other costs are deducted from the fund itself, it reduces the assets and subsequent return to investors. For the QQQ ETF, the expense ratio is 0.2 percent.

QID, on the other hand, requires a lot more hands-on approach, and its expense ratio increases to 0.95 percent.

TQQQ and SQQQ also have a 0.95 percent expense ratio, making each of them extraordinarily high.

By comparison, the S&P 500 has over a dozen index funds with an expense ratio of less than 0.1 percent.

QQQ, which is the lowest ratio of the indices is still twice as expensive to manage as any of the S&P 500 funds.

>> Betterment vs Vanguard

VGT Costs and Management Fees

VGT has an expense ratio of 0.1 percent. This is more expensive than both the S&P 500, although still cheaper than QQQ and far less than the other Invesco ETF offerings.

Vanguard also offers an optional Personal Advisor Services asset management fee of 0.3 percent that covers all the administration costs of additional personal advisory services.

VANGUARD PERSONAL ADVISOR SERVICES
vanguard investments

InvestorMint Rating

4.5 out of 5 stars

  • Management Fee: 0.30%
  • Account Minimum: $50,000

via Vanguard secure site

Because the company has over $6.2 trillion in assets under management, there is a good chance you may already have something invested in Vanguard without even knowing it.

If you do use them as your investment firm, be aware that they will favor their own ETFs over competitors.

Now that you understand the fee structures of each ETF, let’s discuss what really matters – how much money they’re returning to investors.

>> Best Vanguard Funds

QQQ Returns vs VGT Returns

Each of these funds is popular because they have healthy financial returns for investors, in the form of both market growth and dividend payments.

While no investment’s future is guaranteed, here’s what these two ETFs have historically paid heading into the 2020s.

QQQ RETURNS

QQQ has an annual dividend yield of 0.55%, or approximately $1.629 per share annually.

Its five-year growth from 2015-2020 nearly tripled its value, growing from just over $100 to over $275 per share.

It also more than doubled in price during the previous five-year period from $45 in 2010. This gives it strong performance indicators moving through the 2020s.

VGT RETURNS

VGT also pays a cash dividend, although the coronavirus may have suspended this for the remainder of 2020.

In 2019, the fund paid $2.72 per share to investors, and $1.516 was already distributed in 2020 before the end-year freeze.

In the five-year period from 2015-2020, VGT tripled in price, going from $100 in 2015 to over $300 in 2020.

Its previous five-year performance was a little slower though, increasing from $60 to $100 per share.

>> Vanguard Review

QQQ vs VGT: The Bottom Line

ETFs are a great way to diversify your investment portfolio without needing to spend a lot of money to get 1 share of an expensive company.

They also provide the benefit of advanced trading strategies that are passively executed, so you don’t have to watch the market. QQQ and VGT are both popular choices for those seeking a technology investment.

VGT is outperforming QQQ in 2020, and it has a more tech-focused offering. It’s also slightly cheaper with fees, making it the obvious choice between the two, unless you really want a piece of companies like Facebook, Google, and Amazon.

>> Vanguard Personal Advisor Services Review

The article PowerShares QQQ vs VGT was originally posted on Investormint

]]>
0
Is Quentin Tarantino Net Worth Over $100M? https://investormint.com/celebrity/quentin-tarantino-net-worth https://investormint.com/celebrity/quentin-tarantino-net-worth#disqus_thread Wed, 09 Sep 2020 00:17:44 +0000 https://investormint.com/?p=13919 Most industry experts estimate Tarantino’s net worth at approximately $120 million, based on his $20 million in pay for directing.

The article Is Quentin Tarantino Net Worth Over $100M? was originally posted on Investormint

]]>
Gentlemen you had my curiosity … but now you have my attention. – Quentin Tarantino

Quentin Tarantino’s films often achieve blockbuster success, but they aren’t anything like the beautiful, big-budget peers that bring in millions.

Most fans would be hard-pressed to find any commonalities between Tarantino pictures and runaway hits such as the Star Wars, Lord of the Rings, and Harry Potter franchises.

Over-the-top violence is a hallmark of Tarantino’s scripts, yet it isn’t the violence that sets the movies apart. Each is a masterpiece of sharp dialogue, unpredictable plot twists, and complex storylines, delivered by some of the most talented actors in the industry.

Certain scenes and quotes from Tarantino’s movies have taken on a life of their own. They are integrated into American culture, and both fans and critics of Tarantino can instantly identify the most memorable bits.

His ability to write and direct movies that attract awards, acclaim, and attention from moviegoers has generated a box office fortune, leading many to wonder what is Quentin Tarantino’s net worth?

Quentin Tarantino Rise to Fame

I’ve never considered myself a writer writing stuff to sell, but as a director who writes stuff for himself to direct. – Quentin Tarantino

When Quentin Tarantino was born in 1963, his birthplace of Knoxville, Tennessee, wasn’t noted for its Hollywood ties.

Fortunately, at the age of four, the family moved to California, giving Tarantino new opportunities to immerse himself in all things film-related.

As Tarantino grew older, he became enamored with the big screen, and he made every effort to put himself as close to the action as possible. He took a job in a video store and got to work on his screenplays.

Two scripts launched Tarantino’s career – those for True Romance and Natural Born Killers.

In 1992, he wrote and directed Reservoir Dogs, which gained something of a cult following, but it wasn’t until 1994 and the release of Pulp Fiction that Tarantino’s career exploded into public view.

The creative and complex storyline, A-list cast, and clever dialogue put Tarantino in the spotlight, eventually earning him an Academy Award for Best Screenplay.

>> How Much Is Demi Moore Worth?

How Much is
Quentin Tarantino’s Net Worth?

Keepin’ you at a disadvantage, is a advantage I intend to keep. – Quentin Tarantino

Given his success in the lucrative world of filmmaking, it’s no surprise that Quentin Tarantino is a wealthy man.

Django Unchained brought in $450 million at the box office worldwide, and Once Upon a Time in Hollywood generated $374.3 million.

quentin tarantino net worth

Most industry experts estimate Tarantino’s net worth at approximately $120 million, based on his $20 million in pay for directing, additional amounts earned from writing the scripts, and the clause that entitles him to a percentage of any profits generated by his films.

To put this figure in context, consider the estimated net worth of other successful filmmakers:

  • Oliver Stone’s net worth – $70 Million
  • Woody Allen’s net worth – $80 Million
  • Rob Reiner’s net worth – $100 Million
  • Martin Scorsese’s net worth – $100 Million
  • Tim Burton’s net worth – $140 Million
  • Ron Howard’s net worth – $160 Million
  • Francis Ford Coppola’s net worth – $300 Million
  • Peter Jackson’s net worth – $500 Million
  • James Cameron’s net worth – $700 Million
  • Steven Spielberg’s net worth – $3.7 Billion
  • George Lucas’ net worth – $5.4 Billion

>> John Krasinski Net Worth Is Surprising

Quentin Tarantino: Reservoir Dogs

I don’t wanna kill anybody. But if I gotta get out that door, and you’re standing in my way, one way or the other, you’re gettin’ outta my way.  – Quentin Tarantino, Reservoir Dogs

After writing the screenplay for Reservoir Dogs, Quentin Tarantino decided it was time to direct.

He wanted to be sure the final version of the film stayed true to his original vision. The basic plot follows a gang of diamond thieves through a disastrous failure of a heist. However, it is much more than a typical action movie.

Reservoir Dogs was one of Tarantino’s first experiments with non-linear storytelling, and he incorporated all of the elements that would flow through his future hits.

Over-the-top violence and profanity kept certain movie-goers away, but a dedicated core collection of fans – and the fact that it was made on a miniscule budget – ensured the film’s financial success.

The film was more popular overseas than at home, and Reservoir Dogs was eventually named the Greatest Independent Film of All Time by British film magazine Empire.

>> How Much Money Does Charlie Sheen Have?

Quentin Tarantino: Pulp Fiction

KABOOM!!! – Quentin Tarantino, Pulp Fiction: A Quentin Tarantino Screenplay

Though Quentin Tarantino was already making waves in Hollywood after the release of Natural Born Killers and Reservoir Dogs, his true genius wasn’t revealed until the 1994 hit Pulp Fiction.

The cast, which includes Samuel L. Jackson, John Travolta, Uma Thurman, and Bruce Willis, depicts the dark criminal underbelly of Los Angeles.

TriStar Pictures didn’t want to make Pulp Fiction, but Miramax was quick to take the project on. It was almost a genre in itself, and the producers could see its potential. Pulp Fiction was first screened at the Cannes Film Festival, where it was wildly popular. It went on to receive seven Academy Award nominations, as well as nominations for actors Jackson, Travolta, and Thurman.

Pulp Fiction grossed $107.93 million in the United States, which was impressive considering its minimal budget of $8.5 million.

Globally, the box office tally was approximately $213 million. The success of Pulp Fiction demonstrated that Tarantino was a force to be reckoned with, and it smoothed the way for production of subsequent projects.

>> How Rich Is Hayden Panettierre

Quentin Tarantino: Movies

You don’t have to know how to make a movie. If you truly love cinema with all your heart and with enough passion, you can’t help but make a good movie. – Quentin Tarantino

For years, Quentin Tarantino has been clear about his career goals. He has consistently stated that he will make ten movies, and then he will retire from filmmaking.

That isn’t to say that he will retire from the creative world altogether – he has indicated that he plans to write books on the world of cinema, and he might even take up writing for the theatre.

In 2019, Tarantino released his ninth feature film, Once Upon a Time in Hollywood. The script pays homage to the golden age of film – the era that attracted Tarantino to filmmaking in the first place.

Some wonder if he will truly go on to make a tenth, given the general feel that Once Upon a Time in Hollywood is the capstone to an exceptional career.

Tarantino said, “If it’s really well received, maybe I won’t go to 10. Maybe I’ll stop right now. Maybe I’ll stop while I’m ahead. We’ll see.

Previous films, in order of release date, include:

  • Reservoir Dogs (1992)
  • Pulp Fiction (1994)
  • Jackie Brown (1997)
  • Kill Bill: Volume 1 (2003)
  • Kill Bill: Volume 2 (2004)
  • Death Proof (2007) 
  • Inglourious Basterds (2009)
  • Django Unchained (2012)
  • The Hateful Eight (2015)

While not all of Tarantino’s films were a success at the box office, it is safe to say that each generated a lot of buzz among critics and fans. Most are exceptionally violent, creating controversy in some circles, but others embraced the style and delivery.

Perhaps the biggest feather in Tarantino’s cap is his ability to attract Hollywood’s top actors.

A variety of big names appear in his films, and some play important roles in multiple films. For example, Samuel L. Jackson is the face of six movies directed by Tarantino, and Uma Thurman plays lead characters in three.

Leonardo DiCaprio and Brad Pitt each had parts in two of Tarantino’s movies, with both appearing in Once Upon a Time in Hollywood.

These four, along with other actors in Tarantino’s films, have received Academy Award nominations for their work with Tarantino.

>> Is Hugh Laurie Rich?

Quentin Tarantino:
Awards and Honors

There are two ways: my way and the highway. – Quentin Tarantino

To date, Quentin Tarantino has nine films to his credit, and those nine films have attracted attention from film critics and fans worldwide.

Tarantino has been nominated for 275 separate honors, and he has 167 wins to his name. Some of the most notable include:

Once Upon a Time in Hollywood (2019)

  • Oscar Nomination Best Motion Picture of the Year – 2020
  • Oscar Nomination Best Achievement in Directing – 2020
  • Oscar Nomination Best Original Screenplay – 2020
  • Golden Globe Winner Best Screenplay, Motion Picture – 2020
  • Golden Globe Nomination Best Director, Motion Picture – 2020

The Hateful Eight (2015)

  • Golden Globe Nomination Best Screenplay, Motion Picture – 2016

Django Unchained (2012)

Inglourious Basterds (2009)

  • Oscar Nomination Best Achievement in Directing – 2010
  • Oscar Nomination Best Writing, Original Screenplay – 2010
  • Golden Globe Nomination Best Director, Motion Picture – 2010
  • Golden Globe Nomination Best Screenplay, Motion Picture – 2010

Pulp Fiction (1994)

>> How Wealthy Is Matthew McConaughey?

Is Quentin Tarantino Married?

When I’m doing a movie, I’m not doing anything else. It’s all about the movie. I don’t have a wife. I don’t have a kid. Nothing can get in my way… I’ve made a choice, so far, to go on this road alone. Because this is my time. This is my time to make movies. – Quentin Tarantino

For more than 50 years, Quentin Tarantino insisted he had no time for marriage. He was focused on his work, and there simply wasn’t room in his life for a family.

That changed in 2017, when he proposed to Daniella Pick, daughter of the Israeli singer and songwriter Tzvika Pick. The two were engaged in June 2017 and married in November 2018, just days after Tarantino finished filming Once Upon A Time in Hollywood.

In August 2019, at the age of 56, Tarantino announced that he and his wife were expecting their first child. The baby boy was born in Israel on February 22, 2020, and the Tarantinos named him Leo after Daniella’s grandfather.

>> Is Scott Baio Rich?

Quentin Tarantino
Net Worth Summary

If my answers frighten you then you should cease asking scary questions. – Quentin Tarantino

In terms of net worth, Quentin Tarantino falls close to the midpoint as compared to industry peers. However, it has long been clear that Tarantino was never in the filmmaking business for the money.

From his earliest work, Tarantino has focused on pushing boundaries, innovating, and exploring the limits of cinema through complex storylines and strong dialogue.

He hasn’t relied on a big budget to create his pictures, instead focusing on language and acting to create his scenes.

While it seems that he has reached a turning point in his career, it is unlikely that Tarantino will fade off into oblivion. He may not write and direct additional films, but his influence is sure to appear in unexpected ways as he transitions to new creative outlets.

>> What Is Tommy Wiseau Worth?

The article Is Quentin Tarantino Net Worth Over $100M? was originally posted on Investormint

]]>
0
Blooom Vs Robo-Advisors Review 2020 https://investormint.com/investing/blooom-401k-vs-robo-advisors https://investormint.com/investing/blooom-401k-vs-robo-advisors#disqus_thread Thu, 03 Sep 2020 14:51:43 +0000 https://investormint.com/?p=3408 Blooom manages defined contribution plans, including 401(k), 403(a), 403(b) and 457 plans for a flat annual fee and has no account minimums.

The article Blooom Vs Robo-Advisors Review 2020 was originally posted on Investormint

]]>
Most robo-advisors compete fiercely to invest your money by rolling out an extensive range of services, including digital and human advice, retirement calculators, and mobile financial apps. But few cater to retirement investors who aren’t quite sure whether their 401(k)s are being managed adequately.

And that has left a gaping market opportunity for a digital money manager called blooom, which was started by three guys from the mid-west.

blooom grow your 401k blooom is unique among robo-advisors because it specializes in managing 401(k) accounts that so many robo-advisors overlook.

Unlike robo-advisors who require you to transfer assets, blooom simply connects to defined contribution plan accounts you already have, so getting started with blooom is easy.

Another brownie point for blooom is its pricing. blooom charges a flat annual rate starting at just $95.

Plus, blooom stipulates no account minimum so small accounts can benefit right away and individuals with large account sizes get a whole lot of bang for their buck.

blooom  Spotlight

BLOOOM SPOTLIGHT
blooom logo

InvestorMint Rating

4 out of 5 stars

  • Management Fee: $95 - $250
  • Account Minimum: $0

via Blooom secure site

blooom Vs Robo-Advisors

blooom (with three “o”s) is laser-focused on optimizing 401(k) plans for Americans. Unlike most other robo-advisors who generally cater to taxable accounts, traditional IRAs, Roth IRAs, and SEP IRAs, blooom exclusively manages 401(k) plans.

If you have a chunk of change that you want to invest at low cost, a bunch of top notch robo-advisors will crop up on your radar screen.

But most of these companies focus on standard taxable accounts as well as traditional IRAs, SEP IRAs, rollover IRAs and Roth IRAs. Where blooom stands apart from its rivals is its focus on defined contribution plans.

What comes as a shock to many 401(k) investors is that their investment representatives and fund companies don’t actually manage their money on their behalves.

blooom vs robo advisors

When you first sign up with those companies, you would have picked the percentage allocation to invest in each fund, and if you’re like most people that selection process was probably random. It is not uncommon for many 401(k) investors to choose an allocation and forget about it as time goes by.

For most retirement investors, 401(k) investing is a murky world of fees and uncertain fund choices. The funds you invest in have expense ratios that eat away at your savings year after year and the allocation may be less than ideal, but how do you really know?

blooom has the ambitious goal to “fix 401(k)s for EVERY American” and it’s off to a flying start with over $500 million in assets managed. The idea is to make 401(k) help smart, simple and easily available to all Americans.

How blooom Works

To get started, connect blooom to your existing online 401(k) account. blooom analyzes your 401(k) holdings and makes changes within 10 to 30 days. Thereafter, blooom monitors your account regularly and notifies you when it automatically rebalances your portfolio.

When you sign up with blooom, your assets stay put. You don’t have to deal with the hassles of transferring funds to get started.

Unlike many other robo-advisors, which take custody of your assets, blooom simply links into your existing 401(k) accounts. As long as your account is online, blooom can get to work right away evaluating your 401(k) holdings.

The best way to think of blooom is as a digital manager that is constantly reviewing your 401(k) account holdings to check whether your allocations match your risk profile and the algorithm is looking for ways to lower your costs. Once you link your account to blooom, it takes anywhere from 10 to 30 days for blooom to “fix” your 401(k).

The heavy lifting of account analysis at blooom is done by computer algorithms in an automated way but licensed advisors and blooom account coordinators test and confirm rebalancing is accurately completed.

After changes have been made, blooom regularly monitors your account to check whether changes are needed, and takes action on your behalf so you don’t have to lift a finger.

Each time changes are made, you will be notified by email so you won’t be surprised when you receive your 401(k) statements in the mail with new portfolio selections.

Where blooom shines even more brightly is that if specific questions about your 401(k) do crop up, you have access to experts via live chat, email or phone.

Which Accounts Does blooom Manage?

blooom exclusively manages employer-sponsored retirement accounts, including:

So far, only individual accounts are managed by blooom. Families will need to sign up separately to ensure each account is diversified, and each family member has their own blooom profile, including age and target retirement date.

For investors seeking automated investment management of taxable accounts, traditional IRAs, Roth IRAs, SEP IRAs, rollover IRAs, and Trusts, robo-advisors, such as Betterment, will be a better fit.

blooom Fees Vs Robo-Advisor Fees

Most robo-advisors charge a percentage of assets under management. For example, Betterment and Wealthfront both charge 0.25% annually for purely digital advice.

Schwab Intelligent Portfolios is unique in charging no management fees because it makes money from expense ratios of proprietary funds which make up client portfolios.

And financial industry goliaths, such as Vanguard and Fidelity, also offer robo-advisor services for an annual fee which is a percentage of assets under management.

By contrast, blooom charges a flat annual rate of $95 – $250 depending on which level of service you choose:

  • Essentials: $95
  • Standard: $120
  • Unlimited: $250

No matter what the size of your account, the flat rate remains the same. You won’t find any hidden “gotchas” in their fee schedule and you can cancel anytime.

For individuals with $50,000 or more in retirement savings in a 401(k), blooom is an obvious win. You pay lower fees than at most other robo-advisors and don’t have to worry about the hassles of transferring assets to another custodian.

How Safe Is Your Account With blooom?

blooom employs five primary methods to safeguard your 401(k) account security:

Security Feature Description
256-Bit Encryption SSL encryption is used to keep data private.
Bank-Level Security High level security is applied to all personal information.
Secure Servers Encryption is used to ensure online transactions are secure and data is kept confidential.
24/7 Hacker Virus Scans Around the clock scanning is designed to protect you from fraud and unusual account activity.
3rd Party Verification To make sure your identity is not compromised, third party verification is used.

blooom Portfolios Vs Robo-Advisors

Most robo-advisors incorporate Nobel-prize winning research, called Modern Portfolio Theory, into their algorithmic selection of funds when building client portfolios.

Generally, this means targeting returns that match your risk profile. Younger investors with longer time horizons can invest more heavily in stocks while individuals closer to retirement have higher weightings of bonds usually.

blooom doesn’t look to reinvent the wheel when it comes to investment selection but instead modifies portfolio allocations to align with target risk levels. If your portfolio is weighted too aggressively in equities compared to your financial goals, risk profile and time horizon, blooom makes the necessary adjustments.

A challenge blooom faces is the limited investment choices available. Unlike an IRA or standard taxable account, 401(k) accounts are limited by a set number of funds that your employer plan sponsor makes available. So, blooom looks to optimize your allocation based on the choices available rather than the universe of all stocks and bonds.

blooom Vs Robo Advisors Summary

blooom stands apart from other robo-advisors in three primary ways. First, blooom specializes in 401(k) accounts and defined contribution plans more generally as opposed to taxable accounts and IRAs.

Secondly, blooom does not take custody of your assets but instead links into existing online retirement accounts where your 401(k) is managed and monitors allocation and fees digitally using proprietary algorithms.

And finally, blooom charges a flat rate annual fee instead of a percentage of assets under management, which offers compelling value to large account sizes because fees do not increase proportionately as they do with most robo-advisors.

For any retirement-focused investor who is serious about optimizing their 401(k) holdings, blooom is our top choice digital manager.

The article Blooom Vs Robo-Advisors Review 2020 was originally posted on Investormint

]]>
0
Blooom Inc – 401k Auto Managed For $95/yr? https://investormint.com/investing/robo-advisors/blooom-inc https://investormint.com/investing/robo-advisors/blooom-inc#disqus_thread Thu, 03 Sep 2020 14:36:24 +0000 https://investormint.com/?p=5266 Blooom is a robo-advisor that manages defined contribution plans, including 403(b)s, 403(a)s, 457s, and thrift savings plans for a flat annual fee.

The article Blooom Inc – 401k Auto Managed For $95/yr? was originally posted on Investormint

]]>
blooom Inc specializes in managing retirement plans like 401(k)s automatically.

Most other online money managers avoid these retirement plans like the plague so blooom earns high marks for tackling workplace retirement plans head on.

Beyond 401(k) portfolios, blooom automatically manages defined contribution plans, like 403(b)s, 403(a)s, 457s, and thrift savings plans.

If you have a workplace retirement plan that causes your eyes to glaze over, you will want to read on. Where blooom Inc shines is by analyzing your retirement account holdings and weightings for free, and managing them automatically for as low as $95 per year.

blooom Inc Fees & Minimums

BLOOOM SPOTLIGHT
blooom logo

InvestorMint Rating

4 out of 5 stars

  • Management Fee: $95 - $250
  • Account Minimum: $0

via Blooom secure site

Fix Your 401(k) In 5 Minutes?

blooom makes the lofty claim that it can fix your 401(k) in 5 minutes and delivers on its promise.

It only takes a few minutes to link your workplace 401(k) plan to blooom.  Your company doesn’t need to have a prior relationship for you to reap the benefits.

blooom Inc Cost & Features

Flat Annual Cost As low as $95
Minimum Investment $0
Automatic Management YES
Portfolios Rebalanced Every 90 days
Workplace Retirement Plans 401(k), 403(a), 403(b)
Thrift Savings Plan YES
Client Fees Saved > $600 million
blooom BBB Rating A+

Is blooom Inc Right For You?

blooom is best for investors with employer-sponsored plans, who are fee-savvy, and lean towards being more risk-seeking investors.

According to blooom Inc, clients have collectively saved over $600 million in fees by using its service. And it’s no surprise that it has become so popular because it solves a real problem.

Puzzling over retirement plan choices is often a game of chance for employees. Few employees have the time or interest to research mutual fund expense ratios, ongoing fees, and performance returns of each fund selected.

To save employees the hassle, blooom takes over the process of selecting your portfolio holdings and allocating them.

Unless you are a mutual fund expert, chances are blooom can help you if you have one of the following defined benefit plans:

  • 401(k)
  • 403(b)
  • 403(a)
  • 457

blooom portfolios lean towards a heavier weighting of stocks than bonds so conservative investors should pay heed.

Regardless of your risk tolerance, you can enjoy free portfolio analysis to gauge whether opportunities for improved portfolio selections and allocations exist.

The bottom line is that for the vast majority it makes sense to hand over the responsibility of retirement plan management to blooom.

How blooom Inc Works

As part of its Standard package, blooom monitors your portfolio regularly to ensure it is optimally balanced, and rebalances it every 90 days.

Sometimes blooom may not have much choice other than to select a high cost fund because employer-sponsored plans are limited to a fixed set of choices usually. Often, only one choice of fund exists in an investment category.

But while blooom may run into a brick wall from time to time when it comes to fund selections, it can still make decisions about the optimal amount to invest in each fund in order to keep the overall portfolio composition balanced.

How Much Is blooom Inc?

blooom doesn’t impose any hurdle to get started so it’s ideal for price-conscious investors.

It’s 100% free to connect your 401(k) and analyze it, and no account minimum is imposed either.

blooom Pricing

blooom charges a flat fee yearly regardless of how much money is in your defined contribution plan.

blooom charges an annul fee of as low as $95, which is about the cost of a Netflix subscription.

It’s hard to argue blooom is expensive at that price but if you have a small portfolio it might be a lot in percentage terms.

Whether you have a $10,000 portfolio or a $100,000 portfolio, blooom charges a fee as low as $95 for the year. If you want more service options, a higher fee is required as part of its Standard and Unlimited packages, both of which off auto optimization.

Someone with $10,000 pays  just 0.95% in fees on managed assets compared to just 0.10% for the person with $100,000.

Portfolio Size Annual Percentage Fee of Assets
$10,000 0.95%
$50,000 0.19%
$100,000 0.10%

blooom vs Betterment

blooom stands alone as the only robo-advisor willing to directly manage your 401(k) retirement portfolio.

In the highly competitive field of robo-advisors, you might expect that blooom has lots of rivals but remarkably it stands virtually alone.

Unlike standard taxable accounts, IRAs, Trusts, and a host of other financial accounts, 401(k)s are quite messy to manage.

Employers often feature a limited pool of funds and each employer has a slightly different take on which funds are offered to employees, so the process is by no means standardized.

By contrast, a robo-advisor like Betterment can select from the entire universe of index funds when building client portfolios in non-401(k) accounts, which is precisely why so few robo-advisors compete with blooom.

But tens of thousands of businesses offer 401(k) plans to employees so there is a real opportunity for a brave robo-advisor to help the average Joe or Jane out, and so far blooom stands alone as the single company willing to directly manage 401(k)s using a technology-powered algorithm.

Personal Capital and Vanguard Personal Advisor Services will provide guidance to clients who hold 401(k)s but they won’t directly manage them, so blooom really is your only answer if you want a hands-off approach to managing your 401(k).

blooom Performance Returns

blooom strives to improve portfolio returns by removing funds that don’t align with your retirement goals and by inserting funds that better meet your objectives.

To improve the performance of your defined contribution plan portfolios, blooom relies on computer algorithms to:

  1. Analyze funds in your existing 401(k) and remove ones that don’t align with your retirement goals or have higher fees than alternatives.
  2. Choose index funds to keep fees low unless an actively managed fund is a better choice to gain necessary exposure.
  3. After choosing the optimal funds to meet your target allocation, blooom chooses funds with the most competitive expense ratios and managers’ experiences.
  4. Lastly, blooom cross-references and verifies results to ensure they comply with your recommended 401(k) allocation.

Both fund selections and weightings are assessed every 90 days and rebalanced if necessary.

Over time, when retirement looms closer, blooom automatically adjusts the weightings of stocks in your portfolio down lower to better suit your lower risk tolerance.

blooom Review: Pros and Cons

blooom imposes no account minimum, analyzes your portfolio for free, connects you to financial experts, and charges a flat annual fee, but small account sizes will pay high annual percentage fees on managed assets.

blooom Pros blooom Cons
Flat Annual Fee: blooom charges a flat annual fee of as low as $95 to directly manage defined contribution plan portfolios. Lack of Phone Support: No phone support is available via blooom, but email and live chat support is provided.
Expert Financial Advice: Email and live chat support is available from financial experts so you can ask about more than retirement portfolio planning. High Fees On Small Accounts: Smaller account sizes will pay high percentage fees annually on managed assets.
Regular Rebalancing: Every 90 days blooom rebalances portfolios if needed and notifies clients when changes are made.
Free 401(k) Analysis: Even if you don’t sign up as a premium client, blooom will analyze your 401(k) for free.
Zero Account Minimums: No account minimum is stipulated to get started.

blooom Account Types

blooom supports the following employer-sponsored plans: 401(k), 403(b), 401(a), 457 and Thrift Savings Plans.

Type Capability
401(k)
401(a)
403(b)
457
Thrift Savings Plan

blooom Inc Review Summary

blooom solves a real problem for retirement-oriented investors with employer sponsored plans who don’t know how much money to invest in each portfolio holding or aren’t sure which funds are best suited to meet their financial goals.

The few robo-advisors who do venture into the defined contribution plan space only provide guidance. By contrast, blooom directly and automatically manages workplace retirement plan portfolios.

The annual fee starting at $95 is low, though arguably for small account it is high on a percentage basis. Overall, we believe the value provided is significantly greater than the cost.

The article Blooom Inc – 401k Auto Managed For $95/yr? was originally posted on Investormint

]]>
0
Fix Your 401(k) with Blooom (Review) https://investormint.com/investing/robo-advisors/blooom-review https://investormint.com/investing/robo-advisors/blooom-review#disqus_thread Thu, 03 Sep 2020 14:34:14 +0000 https://investormint.com/?p=682 blooom Review: The undisputed leader in the robo-advisor industry when it comes to automatically managing 401(k) plans is blooom. If you are an employee at a company that requires you to pick a handful of funds for your retirement plans, blooom can help you find the best funds to meet your retirement goals. Your portfolio is balanced every 90 days to ensure it stays aligned with your objectives.

The article Fix Your 401(k) with Blooom (Review) was originally posted on Investormint

]]>
blooom-review

InvestorMint provides personal finance tools and insights to better inform your financial decisions. Our research is comprehensive, independent and well researched so you can have greater confidence in your financial choices.

blooom is unique among robo-advisors because it specializes in helping investors manage employer-sponsored retirement plans automatically.

Like other robo-advisors, blooom Inc uses computer algorithms to build retirement portfolios. And it goes a step further by connecting customers to financial advisors, who are available by chat, email, and phone during weekdays.

During our blooom review, we were pleasantly surprised to discover that the cost of managing a 401(k) starts as low as $95 per year. The low fee is compelling, especially when you consider that most other robo-advisors steer clear of defined contribution plans.

And unlike some robo-advisors, blooom won’t penalize newcomers with any account minimum hurdle. In fact, when you weigh up the pros and cons, it’s easy to see why blooom offer tremendous value.

Blooom Promo Code

BLOOOM SPOTLIGHT
blooom logo

InvestorMint Rating

4 out of 5 stars

  • Management Fee: $95 – $250
  • Account Minimum: $0

via Blooom secure site

How blooom Works

You can create a blooom account and connect easily to your existing 401(k), 403(b), 401(a), 457 or TSP plans. blooom will then analyze your portfolio for free.

If you are not sure whether your portfolio is optimized for your age, risk, and goals, blooom evaluates it using proprietary computer algorithms at no cost.

Here is a quick demo and overview of how blooom works:

Although blooom can analyze and make changes to your portfolio, it cannot withdraw funds from your account.

Once your account analysis has been completed, blooom factors in your age and timeline to retirement in order to build a target portfolio for you.

After blooom reviews your portfolio composition, it recommends investments from up to 14 asset classes.

Where blooom adds value to you is by crunching through thousands of options to select the optimal investment in each asset class to meet your needs.

Usually, low-cost index funds are favored but every once in a while blooom will select an actively-managed fund if it is a better match for your risk level and retirement goals.

Finally, blooom reviews your portfolio to ensure the portfolio built by its algorithms is indeed a match for you and fund changes are made.

Every 90 days, your portfolio will be re-analyzed to ensure portfolio weightings align with your capacity for risk and financial goals. And each time a change is made, blooom alerts you to the funds which are replaced.

blooom Inc Cost & Features

Low Annual Fee As low as $95
Minimum Investment $0
Automatic Management YES
Portfolios Rebalanced Every 90 days
Workplace Retirement Plans 401(k), 403(a), 403(b)
Thrift Savings Plan YES
Client Fees Saved > $600 million+
blooom BBB Rating A+

blooom Review: Is It Right For You?

blooom is designed for price-sensitive investors who want to hand off portfolio management to a financial advisor. 

Risk-Seeking Vs Risk-Averse Investors

When you join you will be invited to enter your birth date and specify when you plan to retire. With this information, blooom knows your age and the duration before you retire. It then constructs a portfolio to match your capacity for risk and financial aims.

blooom leans somewhat aggressive in its portfolio composition. Equities are weighted heavily until about 20 years out from retirement when bonds feature in the mix more prominently.

Because of the higher exposure to stocks, blooom is ideal for investors who are more risk-seeking than risk-averse.

Investors Seeking Professional Portfolio Management

Many research studies have shown that investors who receive professional financial advice outperform those who invest alone.

The reason so many investors fall short of the mark without advice is because, according to blooom, they make three major errors.

The first is to build a portfolio of bonds and stocks that have an incorrect mix compared to their risk tolerances and financial goals.

Next, investors frequently fail to diversify their 401k plans and instead invest heavily in a single company. Usually they are biased towards investing in the company that employs them.

And lastly, they don’t want to face the challenge of managing their retirement accounts, so they stick their heads in the sand like an ostrich!

Price Sensitive Investors

For investors who see the value of expert financial advice and care about the cost of receiving it, blooom is hard to beat because it charges a low annual fee.

For a low annual fee, blooom will identify areas of improvement in your existing 401(k) portfolio, make changes, and provide ongoing management of your existing portfolio.

Investors Seeking Alternative To Financial Advisors

Unless you pay a financial advisor a much higher fee (most likely), blooom is a compelling alternative. Not only is it an excellent option for investors who don’t want to pay a dedicated financial advisor, but it is also unique among robo-advisors.

Few robo-advisors dabble in 401(k)s because they can be a nuisance to manage. Each employer has its own set of limited securities in which employees can invest and it’s a difficult challenge to automate portfolio management of defined contribution plans.

For this reason, even the robo-advisors who advise on 401(k) plans, like Personal Capital, won’t manage them for you.

In fact, if you want your 401(k) plan managed automatically, blooom is really your only option.

blooom is best for:

  • Retirement-focused investors
  • Beginner investors
  • Fee-conscious investors
  • Hands-off investors
  • Investors who are more risk-seeking than risk-averse

blooom Fees Are Low

According to blooom, the average client could save over $60,000 in hidden fees over their working life based on a balance of $43,310 and an average annual contribution of $5,000.

blooom charges an annual fee that starts from as low as $95 for its Essentials package to as much as $25o for its Unlimited package.

The lifetime savings by choosing blooom amount to an astonishing $60,000 in fees based on an average balance of around $43,000.

To save you so much money, you might assume that blooom costs a fortune but in fact the flat annual fee is very affordable, especially for large accounts.

blooom fees

  • $95 – $250 Annual Management Fee
  • $0 Account Minimum

Compared to traditional financial advisors or other robo-advisors, this fee is very competitive. The $95 fee gets you a personalized portfolio but lacks the auto optimization.

The Standard package will include all the features of the Unlimited package but without the priority advisor access.

For $250 a client receives:

  • Personalized Portfolio
  • Auto Optimization
  • Transaction Activity Alerts
  • Advisor Access
  • Priority Advisor Access

That still compares well to a human advisor but it’s higher than Betterment and others charge to manage IRA and taxable portfolios.

The gotcha is the only place to manage your 401(k) automatically is blooom so choosing another robo-advisor is not a viable choice.

In our view, the fee is fair given the unique service blooom offers and the fact that clients have access to live advisors by email, chat, and phone.

How Are blooom 401k Portfolios Invested?

blooom analyzes your existing 401k, removes portfolio holdings that don’t align with your objectives or cost too much, and replaces funds with others that better align with your target allocation and financial aims. 

The following algorithm is applied to assess and optimize your portfolio:

  1. blooom analyzes your existing 401k and remove funds that don’t make sense.
  2. To keep fees low, blooom generally selects index funds but, every once in a while, actively-managed funds are chosen.
  3. After selecting funds that align with your target allocation, computer algorithms select investments to optimize for expense ratios and fund manager experience.
  4. Finally, blooom verifies the results and compares the new portfolio with your recommended 401(k) allocation.

Every 90 days thereafter, your portfolio is re-analyzed to ensure selections and weightings are optimal. If needed, your portfolio will be automatically rebalanced.

As you come closer to retirement, blooom will automatically modify the weighting of stocks in your portfolio to create a more conservative portfolio.

blooom App & Tools

You can link an existing 401(k) account to blooom in order to measure fees, and evaluate its composition, and allocation.

blooom makes it simple to analyze an existing 401(k).

Simply link to your existing provider after setting up your blooom account in order to view how well your current 401(k) is performing.

Hands-off investors can leave it to blooom to manage their 401(k) while self-directed investors can act on the recommendations provided.

Where blooom earns a few extra brownie points is its risk tolerance assessment.

Risk tolerance measures are factored into the sign up process using an adjustable slider that allows you to change your allocation by up to 20% either way from the suggested allocation.

blooom Pros and Cons

blooom charges a low, flat annual fee. The onboarding process is easy and it’s free to analyze your existing portfolio.  If blooom were to be docked a few points, it would be the high fee as a % of assets under management on smaller account sizes.

blooom Pros blooom Cons
Low Management Fees: blooom charges a flat annual fee starting as low as $95, which is a steal when compared to the costs charged by traditional financial advisors to manage defined contribution plans, and compares favorably to the fees charged by other robo-advisors. Large Cash Holdings: blooom structures portfolios with heavy weightings of equities which doesn’t account for the differing risk tolerance levels of clients and caters more towards risk-seeking than risk-averse investors.
Financial Advisors: Clients have access to financial advisors by email, phone and live chat during weekday business hours. Small Account Sizes Penalized: While fees are low as a % of assets under management for large account sizes, they are not insignificant for small account sizes, though still generally competitive when compared to traditional financial advisors, who often charge north of 1%.
Automatic Rebalancing: When fund weightings drift too far from the recommended allocation, blooom rebalances the portfolio. Automatic rebalancing is done every 90 days.
401(k) Assessment: blooom makes it easy to link to an existing 401(k) in order to assess whether expense ratios can be optimized and portfolio compositions can be improved.
No Account Minimums: blooom allows clients to sign up with no account balance minimum.

blooom Fees & Minimums

blooom imposes no account balance minimum, charges a low annual fee for account management and automatic rebalancing.

Category Fees
Account Management Fees $95 – $250
(annually)
Account Minimum $0
Automatic Rebalancing YES
(every 90 days)
Annual, Transfer, Closing Fees $0

blooom Account Types

blooom supports employer-sponsored plans: 401(k), 403(b), 401(a), 457 and TSP.

Type Capability
401(k) YES
403(b) YES
401(a) YES
457 YES
TSP YES

blooom Review Summary

Unlike most robo-advisors, which focus on taxable and IRA accounts, blooom is unique because it manages 401(k) plans automatically for a low yearly flat fee.

By imposing no account minimum, blooom makes it easy to get started. And by charging nothing to analyze your 401(k), there is no reason not to give it a whirl.

If you are like the average blooom client, you will experience instant fee savings and, over the life of the account, potentially save as much as $60,000.

The bottom line is if you have a defined contribution plan, like a 401(k), 403(b), or 401(a), blooom offers compelling value at a fair and flat yearly rate.

The article Fix Your 401(k) with Blooom (Review) was originally posted on Investormint

]]>
0
Is Demi Moore Net Worth $200 Million? https://investormint.com/celebrity/demi-moore-net-worth https://investormint.com/celebrity/demi-moore-net-worth#disqus_thread Fri, 28 Aug 2020 23:51:54 +0000 https://investormint.com/?p=13900 Demi Moore Net Worth is estimated at around $200 million based largely on her starring roles in blockbuster movies.

The article Is Demi Moore Net Worth $200 Million? was originally posted on Investormint

]]>
Across America and around the world, budding actors and actresses are planning new lives in Hollywood. They are sure that they can leave their humdrum hometowns and seek their fortunes in Tinsel Town.

Alas, this dream doesn’t tend to come true for a vast majority of those in search of fame. Less than one-half of one percent ever make any money in show biz.

Demi Moore was one of the select few that made it big, thanks to her good looks and her amazing talent.

At the height of her career, she starred in blockbuster movies like Ghost (1990), A Few Good Men (1992), Indecent Proposal (1993), and Disclosure (1994). When she was paid $12.5 million for her 1996 role in Striptease, she made history as the highest-paid actress of all time.

Moore continues to work in film and television, though perhaps not in the same sorts of high-profile roles. Fans want to know, what is Demi Moore’s net worth? Is she still pulling in the same sort of pay for her work, or do less visible roles come with less impressive paychecks?

Demi Moore Rise to Fame

Born Demetria Guynes, Demi Moore’s upbringing in Roswell, New Mexico, was anything but easy. Her biological father left the family before she was born, and Moore always considered her stepfather, Dan Guynes, to be her “real” father.

When she was a child, Moore had a number of serious health issues, including kidney dysfunction and a condition called strabismus. This required multiple surgeries to correct.

Moore relocated to West Hollywood with her family at the age of 15, but she moved out on her own just a year later. She dropped out of high school when she was a junior and signed with a local modeling agency. At the same time, she started taking acting classes, and she moved in with musician Freddy Moore. She contributed her songwriting skills to his band, and she still receives royalty checks for this work.

demi moore net worth

It wasn’t until 1981 that Moore’s career started to gain traction. She modeled for the cover of an adult magazine, and she was cast in her first film – a drama geared to teens by the name of Choices.

In 1982, Moore earned a role in a 3-D film called Parasite, which was particularly impressive because of how rare the technology was at the time. That led to a recurring part on the popular daytime drama General Hospital, and from there Moore’s career really took off.

>> How Much Money Does Greta Thunberg Have?

Demi Moore Movies

Many fans consider Blame It on Rio (1984) to be the movie that truly launched Demi Moore into the spotlight, but critics say that didn’t happen until St. Elmo’s Fire in 1985.

St. Elmo’s Fire, a Joel Schumacher film, put Moore on the global map. She was then cast in About Last Night (1986) with Rob Lowe, earning strong praise from film critic Roger Ebert.

That year, she starred in two additional films, One Crazy Summer and Wisdom, both of which were successful at the box office. Moore was included on Screen World’s 1986 list of Promising New Actors, and the best was yet to come.

Moore made headlines for starring in The Seventh Sign (1988), and in 1989, she was cast opposite Robert DeNiro in We’re No Angels.

From a box office perspective, her biggest success came the following year, when she and Patrick Swayze made the hit Ghost. That film grossed an impressive $505 million – far and away the most any movie made that year.

Thanks to the success of Ghost, Moore was top of the list when big parts were cast in the years that followed.

She starred in The Butcher’s Wife (1991), A Few Good Men (1992), Indecent Proposal (1993) and Disclosure (1994) – all of which debuted at number one during their opening weekends.

Moore’s ability to attract movie-goers to the theaters made it possible for her to command impressive fees, and by 1995, she was easily the highest-paid actress in Hollywood.

Unfortunately for Moore, subsequent films weren’t nearly as successful. The Scarlet Letter (1995) was particularly disappointing. Her performance in Striptease (1996) was widely panned, and the movie flopped in the United States.

The subsequent negative reviews of her performance in 1997’s GI Jane prompted Moore to take a break from showbiz. Instead, she moved to Idaho, and put all of her energy into raising her children.

In 2000, Moore signed on for Passion of Mind, and she was cast as a villain in 2003’s Charlie’s Angels: Full Throttle. In the years that followed, she acted in a number of other films, but she never again enjoyed the box-office success of the mid-90s.

Fortunately, there are plenty of fans that continue to follow all things Moore, making her the perfect choice to represent the Versace and Helena Rubinstein brands. She wrote a memoir, Inside Out, which was published in September 2019 and instantly earned the top spot on the New York Times best-sellers list.

>> How Rich Is Joe Rogan?

Demi Moore Vanity Fair Cover

Demi Moore’s career was rocked by scandal on more than one occasion.

The earliest hint that she was a risk-taker may have come with the shoot she did for an adult magazine at the age of 17. She told the magazine she was 18, and she allowed nude photographs for what she thought was an international audience.

However, some of the images made their way into the US publication, creating the first bit of buzz around perceptions of impropriety.

When Demi Moore appeared nude and seven months pregnant on the cover of Vanity Fair’s August 1991 issue, the buzz became a roar. Moore’s goal was to send a bold message to Hollywood opposing the false glitz and glamour, and that message was received loud and clear.

Though the photographs, which were taken by Annie Liebovitz, did not expose any private body parts, some thought the images were far too risque for general consumption.

Others found the images empowering, and pointed out the importance of honoring the beauty of women’s bodies, pregnant or otherwise.

Moore wasn’t phased by the drama her 1991 Vanity Fair cover caused, and she posed nude again for the magazine’s cover in August 1992.

In October 2019, Harper’s Bazaar generated quite a bit of interest when Moore posed nude at the age of 56, reminding women everywhere that age is just a number.

>> How Wealthy Is Chris Tucker?

Demi Moore TV Shows

While Demi Moore has moved between movies and television rather seamlessly, most would say that her best work in this genre was fairly recent.

Specifically, she has been praised for her recurring role in the fourth season of the Fox drama Empire.

Moore played a nurse named Claudia, who seemed to have a mysterious past. Did she turn out to be a hero or a villain? You’ll have to watch to find out.

Perhaps the most interesting twist in her return to television is that Moore’s daughter, Rumer Willis, was already a part of the show’s cast. The two were able to share a home and enjoy some family time during filming of the 2017 season.

>> Is John Krasinski Rich?

How Much is
Demi Moore’s Net Worth?

Demi Moore started modeling before she was 18, and she has been hard at work ever since.

She made history for the largest amount paid to an actress to date when she signed the contract for Striptease.

Between her film career, including both acting and producing, her roles in television, her spokesmodel work, and her book, industry experts estimate Demi Moore’s net worth to be about $150 million today.

However, that doesn’t consider her real estate investments, which may add another $50 million to that total.

>> What Is Charlie Sheen Worth?

How Demi Moore Gives Back

Demi Moore has long been a supporter of various social causes, with a particular focus on those that work to rescue and support women and children caught up in sex trafficking.

In 2009, she and her husband at the time, Ashton Kutcher, founded the DNA Foundation – a non-profit organization that fights against the sexual enslavement of children.

In 2010, Moore brought attention to CNN’s Hero of the Year, Anuradha Koirala, who started an organization with a similar mission.

Moore visited Koirala to report for CNN on location as a special contributor. That project led to Moore’s involvement in CNN’s documentary on the subject, Nepal’s Stolen Children (2011). She narrated the film, adding her insight to the enormous problem of sex trafficking worldwide.

In addition to these projects, Moore lends her name and notoriety – as well as generous financial support – to a variety of organizations.

Some of these include Healthy Child, Healthy World, UNICEF, the American Foundation for AIDS Research, Raising Malawi, Artists for Peace and Justice, and the Coalition to Abolish Slavery and Trafficking.

>> What Is The Karate Kid Worth?

Demi Moore:
Awards and Honors

Though her film career has not been centered around the sorts of artistic and big-budget films that tend to make waves at the Oscars, she has collected her fair share of awards and honors through the years. Some of these include:

  • Theatre World Award for Best Actress – 1987 
  • Saturn Award for Best Actress – 1990 
  • MTV Movie Awards for Best Kiss – 1993
  • People’s Choice Awards for Favorite Dramatic Motion Picture Actress – 1993
  • People’s Choice Awards for Favorite Dramatic Motion Picture Actress – 1993 
  • ShoWest Award for Female Star of the Year – 1995 
  • The Gracie Award for Outstanding Drama – 2012
  • The Independent Spirit Award’s Robert Altman Award – 2012

In addition, Moore has been nominated for a wide variety of prestigious awards, including the following:

  • Golden Globe Award for Best Actress – 1990
  • Golden Globe Award for Best Actress – 1996 
  • Director’s Guild of America Award for Outstanding Directing – 2011 

Demi Moore:
Husbands and Kids

Demi Moore’s family life has been as eventful as her career, with three marriages to talented artists, and three daughters who also show special talent.

Her first marriage to Freddy Moore was fairly short-lived. Their wedding took place just after Demi Moore turned 18. Freddy Moore was already 30 years old at the time.

The couple divorced in 1985, and Demi Moore was engaged to Emilio Estevez a few months later. Their wedding was planned for December 1986, but the engagement was broken off before the wedding took place.

In 1987, Moore married actor Bruce Willis, and they became the proud parents of three lovely daughters. However, Moore and Willis separated in 1998 and divorced in 2000.

Moore made headlines in 2003 when she began dating actor Ashton Kutcher – a man fifteen years younger than she was. They married in 2005, but separated in 2011, due to Kutcher’s unfaithfulness. Their divorce was finalized in 2013.

Moore remains friendly with both Willis and Kutcher, and she has been seen on the town occasionally with a date. However, her name hasn’t been seriously linked with a partner for some time, and she mentioned in several interviews that she is enjoying single life.

>> How Rich Is Scott Baio?

Demi Moore
Net Worth Summary

Moore’s career is one for Hollywood history, thanks to the big steps forward she took on behalf of women and female actresses everywhere. Thanks to Moore, women in show business are more likely to see equal pay for equal work.

Demi Moore’s net worth hovers well above $150 million, and she puts that money to good use. In addition to supporting her children in their endeavors, she is an advocate for women and children who have fallen victim to sex trafficking.

While her career has quieted down since the 1990s, Moore is by no means retired. She takes on projects of particular interest, and she has the financial freedom to turn down those that lack appeal. Fans remain loyal, and they are excited to hear about Moore’s next venture.

>> How Much Money Does David Lee Roth Have?

The article Is Demi Moore Net Worth $200 Million? was originally posted on Investormint

]]>
0