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Trading Ideas

How to Develop a Financial Independence Plan

You can’t build wealth and make the most of out of your money without a financial independence plan. Yet, many Americans skip this step and aimlessly struggle to save money. Let’s take a step back and dive deeper into the most successful strategies to accumulating income and assets.
Financial independence and financial freedom go hand-in-hand. In fact, you can’t have one without the other. You can bridge the gap by saving as much as you can, creating a budget, eliminating your debt and investing wisely.

What is a Financial Independence Plan?
Do you ever feel like you are spending more money than you …read more […]

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Gold’s ‘Stunning’ Surge Evaporates Shorts With Fed Full-Throttle

(Bloomberg) — Traders are abandoning bearish bets on gold as the yellow metal surges to all-time highs.Short interest as a percentage of shares outstanding on the $75 billion SPDR Gold Shares exchange-traded fund, ticker GLD, is near the lowest level since July 2009, according to data from IHS Markit Ltd. Meanwhile, bullish call option volume in the ETF posted its second-biggest jump ever last week before bullion climbed to a record $1,946 per ounce Monday.What began as a haven bid amid the coronavirus pandemic has been kicked into overdrive by central bank stimulus as slumping real interest rates — which …read more […]

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Is Delta Air Lines (DAL) Positioned To Thrive When COVID-19 Disappears?

Miller Value Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Opportunity Equity Fund posted a return of 47.02% for the quarter (net of fees), outperforming its benchmark, the S&P 500 Index which returned 20.54% in the same quarter. You should check out Miller Value Partners’ top […] …read more […]

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Under Armour Falls After Founder, CFO Are Named in SEC Probe

(Bloomberg) — Under Armour Inc. said a pair of top executives, including founder Kevin Plank, has been named in a federal probe of the company’s accounting, sending shares of the athleticwear maker down.Plank and Chief Financial Officer David Bergman received Wells Notices informing them that the U.S. Securities and Exchange Commission is likely to “allege certain violations of the federal securities laws,” Under Armour said Monday in a regulatory filing. Under Armour also received a notice informing it that the agency may file an enforcement action against the company.The disclosure expands upon comments from the company in November, when it …read more […]