Trading Ideas
Trading Ideas
Trading Ideas
Trading Ideas
What is a Closing Entry?
Financial records don’t just “end” when the fiscal year does. Companies often have a variety of accounts still open and active. To “close the books” on the period and establish the baseline for the next one, companies need to close active accounts using a closing entry.
A closing entry is a journal entry made at the end of an accounting period to zero-out temporary accounts and shift their balances to permanent accounts. These temporary accounts can be revenue, expenses and dividends—all of which can be closed out at the end of the fiscal year. The process of closing these …read more […]
Trading Ideas
Trading Ideas
Trading Ideas
The Best Airline Stocks to Buy in 2021
The airline industry has always been known for being notoriously tough. Its profit margins are razor-thin and can be as low as 1%. This means that if you buy a $300 ticket, the airline is probably only making about $3 in profit. The rest of that money goes to paying for fuel, salaries, ownership costs, government/taxes, maintenance and other costs.
However, flying is also a necessary expense for most people. If you need to travel across the country, flying is about the only option. This makes airlines almost essential in today’s society and could mean that airline stocks might be useful …read more […]
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Trading Ideas
Trading Ideas
Miami Coin: Magic City Gets Even More Crypto-Friendly
Miami Mayor Francis Suarez has long been considering putting some of the city’s treasury reserve into Bitcoin. And earlier this year, the city hosted the Bitcoin 2021. Now comes the news that the city is launching the Miami Coin crypto ($MIA). It’s hard to imagine a city embracing cryptocurrencies more than Miami is right now.
In his opening speech at Bitcoin 2021, Mayor Suarez told attendees, “Our City Commission voted to explore three things: paying city employees in bitcoin, residents being able to pay taxes and fees in bitcoin, and the possibility of using city funds to invest in bitcoin.”
That’s all …read more […]
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Trading Ideas
Top 3 Best Stocks to Buy in August
Historically speaking, August and September have continuously been two of the weakest months of the year. Therefore, many investors wonder what the best stocks to buy in August are. It tends to mark the start of a choppy period bleeding into September. So, when it comes to the stock market, it’s important to remain as nimble and balanced as possible. Even though August may be a rocky month for the market, the S&P is already up 17% so far this year.
Investors will most likely see red in the markets in August due to the ongoing threat of the Delta …read more […]
Trading Ideas
Trading Ideas
Trading Ideas
Trading Ideas