Month: July 2021

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Trading Ideas

Understanding Accrued Expenses

July 16, 2021 admin Comments Off on Understanding Accrued Expenses

Thanks to accrual basis accounting, many expenses appear on the balance sheet before money changes hands. The company records these expenses, called accrued expenses, in the period they occur. They represent future liabilities, and appear as such on the company’s balance sheet. They’re instrumental in representing not only a company’s current financial health, but its future financial prospects, as well.
Here’s a look at accrued expenses and how they’re defined, as well as their purpose in establishing a company’s finances during a specific reporting period.

The Matching Principle
To understand accrued expenses, it’s important to be familiar with the matching principle …read more […]

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Reddit Penny Stocks – Are Any Good Buys?

July 16, 2021 admin Comments Off on Reddit Penny Stocks – Are Any Good Buys?

Over the past two years we’ve seen Reddit penny stocks continue to grow in popularity. Has Reddit, of all places, become a viable source for stock information? For many who have profited, the answer is a resounding “yes!” However, with so many stock-picking platforms out there, it can be hard for readers to know what to believe. And, as always, I must say that investing in penny stocks comes with a much greater degree of risk than many other investments.

Reddit, Penny Stocks and Meme Stocks
The majority of stocks that have done well on Reddit tend to be in the retail …read more […]

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Chime IPO: Will This Fintech Unicorn Go Public in 2021?

July 16, 2021 admin Comments Off on Chime IPO: Will This Fintech Unicorn Go Public in 2021?

The Chime IPO is coming soon. The company is one of the most anticipated IPOs of 2021, and it’s set to go public in late 2021.
So, what’s the latest news on the anticipated Chime IPO? Here’s what we know…
Chime IPO: The Business

Chime is a fintech startup that delivers online banking services. CEO Chris Britt and CTO Ryan King created Chime in 2013. A year later, Chime made its public debut on the Dr. Phil Show.
The company is aiming to redesign banking to be easier, cheaper and more convenient. The Chime website states…
Chime is a financial technology company founded on the …read more […]