gig

Apache is functioning normally

Decorating a home is admittedly a daunting task. With so many options, it can be difficult to find focus and execute. Trends change and depending on who you talk to, certain rules apply and then just as suddenly, they don’t. Confusing, right?!

However, there are some best practices that stand the test of time. One that I think most everyone would agree on is mixing vintage with new. Older pieces bring a soul, personality and character to a space that just can’t be replicated.

There are people out there that are avid garage salers, Craigslist trollers and thrift store stalkers who are the queens of unearthing the diamonds in the rough. As I’ve admitted before, I am not one of them. I just don’t have the patience or the time to hunt through pages and pages of junk. Enter Chairish: a new way to buy, sell and adore pre-owned treasures online.

Chairish is a carefully curated site of gently used designer furnishings and decor. The edited selection makes it easy to find fabulous pieces sold directly by owners at amazing markdowns – no time wasted looking through pages of garbage. Chairish makes it so easy to score the ultimate vintage piece. They even have a feature called “make an offer.” If an item is out of your budget, make the seller your best offer! Genius. Here are some of our favorite pieces you can currently find on the site!

get your shop on: 1 // 2 // 3 // 4 // 5 // 6 // 7 // 8 // 9 

I’d gladly swap in any one of these pieces to the loft and that’s what makes Chairish so perfect! Of course, as soon as I’m “done” with a project I want to redo it. Now that we’ve been settled in the loft life – I’m already looking to switch things up! On Chairish I can buy and sell and the best part is they make it so easy to sell by taking care of all of the dirty work! They’ll handle pick up, shipping and all the details that make me avoid Craiglist like the plague.

We thought this whole concept and the site were so genius that we wanted to learn more about the business behind the brand! We met up with Chairish’s founder Anna Brockway in San Francisco and we were so intrigued by her brains and sass – we had to share more of her story with you!

Chairish is such a great idea! Tell us about the idea and how Chairish came to be.

The idea for Chairish was born of personal experience. Our family grew from two to six super fast, necessitating a lot of moves around town. With each move came a new opportunity to decorate, but also the need to say goodbye to some great pieces that just didn’t fit into our new space. I learned to both buy and sell vintage, but found the experience cumbersome. I fell in love with the idea of creating a curated consignment shop online and running it in a full service fashion (meaning having an expert to handle the not fun logistics of payments, storage and shipping). And so Chairish was born!

With lots of other sites selling vintage and previously loved home decor pieces, how does Chairish differentiate itself?

Firstly Chairish is a place for everyday people to buy and sell their pieces. You don’t have to be an “approved” designer or store to participate. We are open to anyone who loves beautiful home decor!

Secondly, Chairish is also carefully curated. This saves shoppers endless hours of paging through Ikea leftovers and trashed futons. At Chairish, I personally approve every item before it goes on the site. From wonderfully quirky to fabulously chic to downright necessary, all items have to pass the style test.

Thirdly, Chairish is full service. We take care of the pesky logistics of payment, arranging pick up and delivery and in San Francisco and LA we even will store items for you until they sell which is invaluable for folks who are moving! (Storage coming to more cities soon!)

Lastly we are totally unique in that we allow for returns! Furniture choices can be nerve wracking – we don’t want any buyer to feel stuck.

Chairish isn’t even a year old yet. What was the most challenging part of the process? What has been the most surprising thing you’ve learned?

Whew! It is hard to believe we started talking about this idea only last Christmas and now we have 1,000+ items live on the site! The most challenging part of the process has been prioritizing. When you love your work (and we do!), there is no shortage of ideas and inspiration. Therefore, it’s important to make very deliberate choices based off of your goals. To tame the mania, we set longterm goals, followed by short term to-do’s and then execute like rabid dogs on a bone!

The most surprising (in a GOOD way!) has been the response! People love the idea of Chairish and are inspired to find out what goodies are hiding out in other design lovers’ attics. We have also been surprised at how many of our buyers are also sellers! Chairish makes it easy to change out your look and make money doing it. It makes sense: if you’re buying, you have to make room for the new and you might as well make money doing it. It can be one big virtuous circle. I am most happy when I see a seller and buyer score!

As a lover of beautiful design, I’m sure it’s hard not to buy all the pieces for yourself! What is your favorite piece that you’ve come across? 

The best part of my job is hearing the captivating stories behind the items that are being offered on Chairish. One of my favorite stories in particular was of a set of rugs that originally came from an enormous ballroom in a gorgeous Pebble Beach estate. The rugs were absolutely beautiful with a fabulous and very “now” greek key motif. To boot, they were made by one of the finest manufacturers in the world. The seller was a gracious, smart as a whip gal with the most AMAZING taste. All three rugs sold and I love thinking about the second life those lovely pieces will have in their new (and instantly more glamorous!) homes. It warms my heart to see these treasures passed on to another generation of design lovers.

What piece of advice would you give your 25 year old self or any young entrepreneurs out there?

Work with smartest people you can find. If you aren’t learning something, it’s time for a new gig!

HOW TO ENTER $500 GIVEAWAY*: 

Now-it’s time to shop Chairish for yourself. They are giving one lucky Apartment 34 reader $500 to get you started!

To enter the sweepstakes, click here. That’s it. This sweepstakes closes at 11:59pm PT on Friday, September 6th. Good luck!

*Giveaway: Please complete the entry form for valid entry. $500 USD total value. Winner will be contacted via email once comments close on 11:59pm PT, Friday September 6th, and announced at the bottom of this post soon after. This post is in partnership with Chairish. All opinions are my own. Thanks for supporting posts that keep Apartment 34 doors open! 

%%youtubomatic_0_0%%

Source: apartment34.com

Apache is functioning normally

Nestled in the picturesque Appalachian Mountains, Chattanooga, Tennessee, has captured the hearts of both residents and visitors alike with its stunning natural beauty, thriving arts scene, and variety of outdoor activities. If you find yourself contemplating a move to this charming city, you might be wondering, “Is Chattanooga a good place to live?” 

Like any destination, the “Gig City” has its fair share of advantages and disadvantages. In this article, we’ll discuss 10 pros and cons you should consider before making Chattanooga your new home. Whether you’re looking for a house or apartments in Chattanooga, TN let’s explore the area and see what this Tennessee gem has to offer.

5 pros of living in Chattanooga

1. Thriving arts and culture scene

Despite being a mid-sized city, Chattanooga boasts a thriving arts and culture scene that’s anything but ordinary. From the Hunter Museum of American Art, housed in a striking cliffside building, to the Songbirds Guitar Museum showcasing rare and iconic guitars, and the Tivoli Theatre hosting captivating performances, there’s always something exciting to experience. Local art galleries, theaters, and annual events like the 4 Bridges Arts Festival truly make this city perfect for creative souls and culture enthusiasts.

2. Start-up haven

Chattanooga has embraced a remarkable entrepreneurial spirit and become a hotspot for start-ups and small businesses. The city’s Electric Power Board (EPB) has not only brought gigabit-speed internet to the community but has also fostered innovation, earning Chattanooga the title of “Gig City.” The EPB’s efforts have resulted in a supportive environment for tech companies, creative ventures, and forward-thinking entrepreneurs. Living in Chattanooga offers an excellent opportunity to connect with like-minded individuals and be a part of an innovative community.

3. Outdoor oasis

Chattanooga is a favorite among outdoor enthusiasts, and it’s no wonder it has earned the nickname “The Scenic City.” Surrounded by the stunning Appalachian Mountains and bordered by the Tennessee River, residents enjoy easy access to a plethora of outdoor activities. Whether you’re into hiking the majestic trails of Lookout Mountain, exploring the ancient rock formations of Ruby Falls, kayaking along the river, or biking through the scenic Riverwalk, Chattanooga’s natural beauty will keep you constantly inspired and energized.

4. Festivals galore

When it comes to celebrating, Chattanoogans know how to do it with flair. The city hosts an array of lively festivals and events throughout the year that appeal to all interests. Whether you’re joining the Riverbend Festival for live music and local cuisine, exploring the Chattanooga Film Festival’s cinematic wonders, or getting your fill of arts and crafts at the 3 Sisters Bluegrass Festival, there’s always something to keep you entertained and connected with the community.

5. Low cost of living

Unlike bustling metropolitan areas where expenses can quickly skyrocket, Chattanooga offers a more wallet-friendly lifestyle without compromising on quality. Housing costs are notably reasonable with an average median sale price of $352,0000, compared to the national average of $425,600. Additionally, the cost of living in Chattanooga is 7% lower than the national average. These lower costs can make it easier for many people to find a comfortable place to call home without breaking the bank. 

5 cons of living in Chattanooga

1. Heat and humidity combo

While the warm seasons are filled with outdoor adventures, the summers in Chattanooga can be quite intense, with high humidity levels averaging 71% for the month of September. The combination of heat and humidity might feel overwhelming for some, making the outdoors less enjoyable during the peak of summer. Be prepared to stay hydrated and find ways to beat the heat, whether it’s by enjoying water-based activities or seeking refuge in air-conditioned spaces.

2. Limited public transportation

With a Transit Score of 47, Chattanooga’s public transportation system is still in its growing phase and isn’t as extensive or convenient as larger metropolitan areas. While the city does have a bus system, it may not cover all neighborhoods comprehensively, and the frequency of routes might not be as frequent as you’d like. This could make it challenging for those who rely solely on public transportation for their daily commute or getting around the city.

3. Flood risk

Being bordered by the beautiful Tennessee River also means that certain parts of Chattanooga are susceptible to flooding, especially during heavy rain or severe weather events. While the city takes measures to mitigate the impact, it’s crucial for residents to be aware of flood zones and have a contingency plan in place.

4. Limited job market

While Chattanooga’s entrepreneurial spirit fosters start-ups and small businesses, the job market might not be as diverse or robust as in larger cities. Finding specific specialized roles or niche industries may require more effort or commuting to nearby cities for work opportunities. 

5. Limited nightlife options

Chattanooga offers a vibrant arts and culture scene. However, some residents may find the nightlife and entertainment options somewhat limited. The city has a selection of restaurants, bars, and live music venues, but those seeking an extensive and bustling nightlife might feel the need to venture outside the city for more variety.

Is Chattanooga a good place to live? Final thoughts

Chattanooga is a great place to live for many people. If you intend to move here, remember that summers can get hot and sticky, and the lack of extensive public transportation might be a hassle. However, if you’re a nature lover or an art enthusiast, you might just fall in love with this city’s charm and friendly vibe. If you’re house-hunting in Tennessee, be sure to add Chattanooga to your list of places to check out. 

Source: redfin.com

Apache is functioning normally

Inside: Want to know what is a rack of money? You are in the right place. Learn the slang to rack, stacks, and bands. Plus tips to have your rolling in the money.

Have you ever wondered how much money is in a “rack” or what a “band” or “stack” of cash actually is?

If so, you’re not alone.

These terms are often used in movies and TV shows to describe large sums of money, but they can be confusing if you’re not familiar with them.

In this post, we’ll demystify some of the most common slang terms for money so that you can sound like a pro next time someone asks you how much a “rack” is worth.

Also, we will give you tips to make sure you are making 1000 a day.

What is a Rack of Money?

Simply put, a rack typically refers to $1,000.

Picture this: you’ve got ten $100 bills neatly stacked and bound together. That’s a rack.

Now, if a friend tells you, “I need three racks for a down payment on a car,” they’re saying they need $3,000. Easy to grasp, isn’t it?

Just remember, song lyrics might’ve switched things up a bit, but in real-world slang, a rack is a cool grand.

So next time you hear “rack,” you know it’s all about that thousand-dollar action.

How Much Is a Rack of Money?

“A rack” is a popular slang term for $1,000, usually in the form of ten $100 bills bundled together.

Don’t be overwhelmed, it’s just street language for stacks of hundred-dollar bills.

So, whether you’re saving for a dream vacation or splurging on a new gadget, just remember to play it cool and count those racks!

This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.

What is a band of money?

Ever heard of the term “band” and wondered what it means in the context of money?

Well, a band is simply slang for $1000 in cash, usually bundled together with a rubber band. Here’s a breakdown:

  • It originates from the band used to hold a stack of cash together.
  • The term is also widely used in pop culture, specifically in rap songs to signify wealth.
  • If the band contains more than $1,000, it’s prefixed with the amount. For instance, a “10G band” means $10,000.

So if you stumble upon a phrase like “He’s flaunting a lot of bands”, it just means he’s flashing quite a stash of cash, probably in the club or jamming along to a hit rap song.

how much is a stack?

Ever heard someone saying they’ve got a ‘stack’? Let me break it down for you.

In the world of ‘money slang’, a ‘stack’ literally refers to a bundle of cash. Specifically, it’s a colloquial term for $1,000.

Here’s a quick bullet-point breakdown for clarity:

  • A ‘stack’ is slang for $1,000, typically in cash.
  • The term has its roots in the practice of actually stacking cash, but today, it’s used mostly in an abstract sense.

To give you an example: if you made a quick $5000 from a side gig, you’d casually say, “I made five stacks on my gig last week.” Now there you have it, you’re one step closer to mastering ‘money slang’!

Now, time to make 5000 dollars fast yourself.

Picture a real stack of money in hand

Now, let’s go on a visual imagination and bring those money affirmations to real life.

Let’s start…

  • You desire a real-life “rack” of money. Or maybe even 10 racks in your life.
  • Your eyes are drawn to a thick bunch of crisp $100 bills, bound together by a clean, white currency strap.
  • Meeting your gaze, shining under the light, are the majestic portraits of Benjamin Franklin galore, symbolizing the high-value of the stack.
  • Held firmly in hand, the image invokes feelings of prosperity, power, and accomplishment.
  • Each detailed texture and precise print on the bills reiterate authenticity, and the sequential serial numbers on the top bill tell a story of fresh prints.
  • This tidy, impeccably stacked rack, with ten $100 bills, effortlessly communicates, “Hello, I’m $1000!”

The first step to achieving financial independence is believing you can.

Make sure you put your stack of money as one of your vision board pictures.

How much does a rack cost versus a band?

Hey there, let’s talk about racks and bands. You probably heard these razzle-dazzle slang terms in music or pop culture, right?

Well, when it comes to costs, they’re actually identical.

A rack equates to $1,000. In equivalent terms, a band is also $1,000, often bundled up in crisp bills.

Let’s take a peek at a comparison chart to make things clearer:

Term Cost Equivalent
Stack of Money $1,000
Rack $1,000
Band $1,000

See how they match up? Next time you hear these terms, you’ll know exactly what’s up!

Learn how much cash should I have on hand.

How to Make a Rack Quickly

While this post focuses on various slang terms for money, Money Bliss is known for providing solid ideas to make money based on my expertise and experience in finance and the economy.

Most people enjoy learning how to make money online as a beginner.

Here are a few methods you could employ:

  • Sell Unwanted Items: If you have unused goods at home, consider selling them on online platforms like eBay or Facebook Marketplace. This could be anything from clothes and accessories to furniture and electronics. Check out Flea Market Flipper.
  • Freelance Work: Websites such as Upwork or Fiverr provide a marketplace for freelancers with varied skills. If you have proficiency in fields such as writing, graphic design, programming, or marketing, you could find plenty of work here.
  • Trading Stocks: Making money in the market is something people have done for many years! When buying stocks, the basic objective is to buy when the price is low and sell when the price is high. The value of stocks is typically influenced by a variety of factors including financial performance, economic indicators, and market sentiment. Check out this investing course.
  • Trading Options: Trading options can be risky but potentially profitable if done correctly, as investors can leverage a small amount of money to control a larger amount of stock. Potential investors should elaborate on their comprehension of the trading world before venturing into it which includes understanding the different types of investment products, their individual risks, and potential rewards. Learn how fast you can make money with stocks.

Are you passionate about words and reading? 

If so, proofreading could be a perfect fit for you, just like it’s been for countless of readers! Learn how you can create a freelance business as a proofreader.

Check out this free workshop!

Bookkeeping is the most stable, reliable & simple business to own. This is how to make a realistic income -either part-time or full-time.

Find out TODAY if this is THE business you’ve been looking for.

  • Selling printables is a profitable venture that entrepreneurs can tap into. These digital products, including anything from calendars to artwork, offer a low-overhead business model since they require minimal materials and can be created once and sold repeatedly. It’s an efficient way to harness one’s design skills to provide value to customers while generating a promising income stream. Learn more about selling printables.
  • Gig Economy: Apps platforms like Uber, Lyft or DoorDash offer an opportunity to make money fast based on the time you are willing to invest.
  • Tutoring and Teaching: If you’re well-versed in a subject, offer tutoring services or consider teaching an online course. Websites like Chegg Tutors make it easy to start.
  • Be a Virtual Assistant: As a virtual assistant with no experience, you can anticipate managing various administrative tasks from a remote location, such as data entry, scheduling appointments, and even aiding with digital marketing efforts. This career path offers flexibility, the possibility to work from home, and the chance to work with entrepreneurs from different sectors. Use this virtual assistant checklist to get started.
  • Rent out Your Space: If you have an extra room or a property, consider listing it on Airbnb or a similar property rental site. This can become a significant source of income with small investments in the upkeep of the property.

Remember, it’s vital to choose an option that aligns with your skills and interests to ensure it’s not only a source of quick cash but also a sustainable and enjoyable endeavor.

You need to consider the legality and ethicality of the ways you choose to make money fast.

This is the perfect side hustle if you don’t have much time, experience, or money.

Many earn over $10,000 in a year selling printables on Etsy. Learn how to get started by watching this free workshop.

If you’ve ever wanted to make a full-time income while working from home, you’re in the right place!

This intensive training combines thousands of hours of research, years of experience in growing a virtual assistant business, and the power of a coach who has helped thousands of students launch and grow their own business from scratch. 

Time to Bring in Your Stacks of Money

Now that you know the lingo for money, you can impress your friends with your knowledge. Plus, you can use this new information for future reference.

In summary, the terms band, stack, and rack are used to represent these same amounts of money, particularly in slang context.

Usually, they signify $1,000 in cash, and the presence of more numbers indicates a multiple interest in this monetary sum.

Now, how many racks do you have? What are you doing to make money?

These are important aspects if you want to become financially independent.

Remember, keeping your money organized isn’t just tidy, it’s smart!

Next, up learn how much is 10 figures!

Know someone else that needs this, too? Then, please share!!

Source: moneybliss.org

Apache is functioning normally

A business credit card is a lot like a personal credit card: Both let you borrow money and pay them off on an ongoing basis. But business credit cards typically come with features tailored toward entrepreneurs, like free employee cards and rewards on common business purchases, like office supplies.

Business credit cards offer other benefits as well. They are great tools for separating your business and personal finances, on-time payments can help you build business credit, and unlike other types of business financing, you may be able to qualify for one even if your business is new or small.

What is a business credit card?

A business credit card is a revolving line of credit that lets you spend up to a certain amount, pay off some or all of what you owe, then repeat that process. This can help you make purchases you need, even when your cash flow is uneven.

Technically, you can use consumer cards for business expenses. However, card issuers have products designed for business owners. These cards often come with higher credit limits than personal credit cards and make it easier to spot potential tax deductions, among other features.

Business credit cards are one of the easiest types of business financing to qualify for. Eligibility largely depends on your personal credit history, which can make business credit cards for new businesses and very small companies more accessible than traditional business loans.

How do business credit cards work?

Business credit cards work a lot like personal credit cards do. But for bookkeeping and liability purposes, you should only use a business credit card for your business expenses.

Broadly speaking, here’s how to use a business credit card:

  • Charge business expenses to the card.

  • Receive a statement that specifies how much you borrowed over the statement period and how much you need to pay back.

  • Make at least your minimum payment, but try to pay down your balance in full. If you can’t, you’ll pay interest on the remainder. Annual percentage rates (APRs) on business credit cards typically range from 20% to 30%. 

  • Earn rewards, like cash back or airline miles, as a result of your spending. 

Business owners may also have access to business charge cards. Charge cards have no credit limits, but you’ll need to pay them off in full every month or face stiff penalties. They’re best for businesses with robust cash flow that want to maximize rewards.

Benefits of business credit cards

Business credit cards help you build business credit. Business credit card issuers report your payment history to business credit bureaus. Making early or on-time payments can help build your credit history and strengthen your business credit score.

You can finance purchases as needed. Your business may not always have enough cash in the bank to stock up on inventory or make large purchases while keeping up with day-to-day expenses. Using a credit card can help spread out big-ticket items over time — especially if it’s a business credit card with a 0% APR intro period — or help you keep buying what you need during slow seasons.

You can get rewarded for your spending. For instance, business travel cards offer perks like airline miles, airport lounge access and hotel points. And using a cash back business credit card means you’ll get a percentage of what you spent — either across the board or in certain categories — typically as a cash deposit or credit at the end of each statement period.

Drawbacks of business credit cards

They’re not covered by the Card Act. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (Card Act) created new consumer protections for credit card users, like limiting credit card fees and sudden changes to interest rates. But the rule doesn’t extend to business credit cards — which means interest rates can change with little warning and you may encounter fees that you’re not used to on personal credit cards.

They’re more expensive than other forms of financing. If you need to finance large expenses that you probably can’t pay back in one statement period, consider applying for a business loan or business line of credit instead. Those products are harder to qualify for than business credit cards, but they usually come with lower interest rates.

Is a business credit card right for you?

Business credit cards can be useful tools for companies of all sizes. You may be able to qualify for a business credit card whether you’re a solopreneur with a side gig or running a small business with multiple employees.

Source: nerdwallet.com

Apache is functioning normally

ETFs are tradable funds that investors can buy and sell on stock exchanges all day. They typically hold a basket of assets, such as stocks or bonds, and mirror the moves of another underlying index. Since its start almost three decades ago, the ETF industry has taken the financial world by storm, and there are thousands of different ETFs on the market that investors can choose from.

But each investor is different, and some ETFs likely won’t be a good fit for their portfolio or strategy. Learning to choose or pick ETFs that do fit your strategy can take some practice, but it’s good to have some guidelines in mind.

How Do I Pick an ETF?

There’s no right or wrong way to pick an exchange-traded fund (ETF), but you can follow a process to help you determine which securities may be the best fit for you. It starts with picking an asset class.

Step 1: Pick the Asset Class

Because the performance of an ETF is so closely tied to an underlying index, investors need to first decide which underlying asset class they want exposure to. The main asset classes are stocks, bonds, currencies, and commodities.

Risk is generally inversely correlated to return. So riskier assets have the potential to deliver greater returns, while safer assets tend to deliver reliable, albeit smaller, returns. Stocks are considered to be a riskier, more volatile asset class. Commodities even more so. Meanwhile, bonds tend to be safer but also deliver more muted returns.

Keep in mind, just because an investor buys an ETF that gives them exposure to one asset class, that doesn’t preclude them from buying another that invests in another market. In fact, it’s a healthy portfolio diversification strategy to allocate one’s money into different asset classes, a practice known as asset allocation.

Step 2: Narrow the Focus

Once an investor has chosen their asset class, they can dive deeper within that market. When it comes to stock ETFs, this usually involves picking an industry – like technology or financial – that they’d like to get greater exposure to. Equity ETFs may also focus on a specific attribute a stock can have. Or dividend ETFs, which hold shares of companies with regular payouts.

For bond ETFs, investors can decide between funds that invest in U.S. government-bond versus bonds issued by countries abroad, as well as investment-grade (higher quality) company debt versus high-yield (junk) bonds.

More recently, thematic ETFs have taken off. These are stock funds that tend to be much narrower than the traditional sector ETF. They can focus on a niche subsector, like robotics, electric cars or blockchain, or even modern trends, like the gig economy or working from home.

There are pros and cons to thematic ETFs: while they’re often marketed as a convenient way to wager on an investment story, they also tend to underperform the broader market. Thematic ETFs have also been criticized for being too narrow and not offering the wide breadth that ETFs were originally designed to offer.

Step 3: Explore Different ETF Strategies

ETFs began as a way to provide investors access to broad markets with a single investment. Since then however, the popularity of the industry has led to the creation of numerous different kinds of ETFs, some of which employ complex strategies.

Here are some of the different ETF types:

•   Leveraged ETFs allow investors to make magnified bets on different assets or markets. So instead of replicating the move of the underlying index exactly, leveraged ETFs will produce a move that’s 2x or 3x.

•   Inverse ETFs let investors wager against an asset, so shorting or betting that the price of a market will go down. So if on a given day, the underlying market goes down, the inverse ETF’s price will go up.

•   Actively Managed ETFs invest in assets without following an index. While ETFs are usually a form of passive investing–the strategy of tracking another index–actively managed ETFs are like stock-picking strategies packaged into a tradable fund.

•   Smart-Beta & Factor ETFs use a rules-based system — such as stock weightings, valuations, or volatility trends — to choose the investments in a fund. These funds are often considered a hybrid between passive and actively managed ETFs.

•   Currency-Hedged ETFs are funds that let investors wager on a basket of overseas stocks, while mitigating the risk that stems from currency fluctuations.

Step 4: Look at ETF Costs

A fundamental reason why ETFs have become so influential is their low cost. Low ETF fees have compressed costs across the board in asset management. The average expense ratio of most ETFs has fallen over time. Expense ratios are a percentage of assets subtracted each year. So, an expense ratio of 0.45% means that the charge is $4.50 for every $1,000 invested each year.

Because the vast majority of ETFs tend to be passive, they tend to be much cheaper than mutual funds, many of which are still actively managed. More complex ETFs like leveraged funds, or actively managed ones, tend to have higher expense ratios. But some passive ETF fees have hit rock-bottom levels.

Step 5: Other Ways to Analyze ETFs

What about how well an ETF has done? Should that matter? While profitability can make an investment look more attractive, it shouldn’t be the only factor investors use when determining which ETF to buy. That’s because in investing, past performance is not indicative of future results.

For ETFs, another key measure of performance is how well it tracks the underlying index. Tracking errors, when a move in the ETF veers from one by the market it’s designed to track, can come up from time to time, particularly in leveraged funds or ones that invest in stocks overseas.

Looking at the assets under management (AUM) can be a helpful way to pick an ETF. A larger AUM can signal an ETF’s popularity, which in turn makes it more likely that it’s liquid, or easy to trade without impacting prices.

How to Find an ETF’s Holdings, Prospectus, and Fact Sheet

Another touted perk of ETFs is their transparency. Investors can look up what’s exactly in a fund by going to the ETF provider’s website and searching for the fund. Contacting the ETF provider directly for this information is also possible. ETF providers are required to update this information regularly.

Securities and Exchange Commission (SEC) regulation also requires that ETF providers make easily available an ETF’s prospectus. The prospectus has information about the ETF including its investment objective, the risks, fees, as well as expenses. For investors interested in an ETF, one of the most important things they can do is research the fund by carefully reading the prospectus.

Similarly, ETF fact sheets act like quick summaries of the fund, giving key information like performance, the top holdings, and other portfolio characteristics. ETF providers typically produce fact sheets every quarter and make them available on their website.

The Takeaway

Choosing an ETF from the thousands out there can seem daunting, but taking a step-by-step approach can help individuals sort through the multitude of options. A key step investors can take in researching ETFs is reading the fund’s prospectus, where they’ll find vital information on the investment objectives as well as potential risks.

Considerations include which asset class an investor wants to invest in; how broad or narrow of an exposure they want; costs — which are usually shown as expense ratios; and lastly, an ETF’s size can give clues on the popularity and liquidity of the fund. One ETF, on its own, can provide some diversification. However, some people choose to use a number of ETFs as building blocks to assembling a well-balanced portfolio.

Ready to invest in your goals? It’s easy to get started when you open an Active Invest account with SoFi Invest. You can invest in stocks, exchange-traded funds (ETFs), and more. SoFi doesn’t charge commissions, but other fees apply (full fee disclosure here).

For a limited time, opening and funding an account gives you the opportunity to win up to $1,000 in the stock of your choice.

SoFi Invest®
The information provided is not meant to provide investment or financial advice. Also, past performance is no guarantee of future results.
Investment decisions should be based on an individual’s specific financial needs, goals, and risk profile. SoFi can’t guarantee future financial performance. Advisory services offered through SoFi Wealth, LLC. SoFi Securities, LLC, member FINRA / SIPC . SoFi Invest refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.
1) Automated Investing—The Automated Investing platform is owned by SoFi Wealth LLC, an SEC registered investment advisor (“Sofi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC, an affiliated SEC registered broker dealer and member FINRA/SIPC, (“Sofi Securities).

2) Active Investing—The Active Investing platform is owned by SoFi Securities LLC. Clearing and custody of all securities are provided by APEX Clearing Corporation.

3) Cryptocurrency is offered by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.

For additional disclosures related to the SoFi Invest platforms described above, including state licensure of Sofi Digital Assets, LLC, please visit www.sofi.com/legal.
Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer or prequalification for any loan product offered by SoFi Bank, N.A.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Investment Risk: Diversification can help reduce some investment risk. It cannot guarantee profit, or fully protect in a down market.

Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Fund’s investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund company’s website or by email customer service at [email protected] Please read the prospectus carefully prior to investing. Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.

Claw Promotion: Customer must fund their Active Invest account with at least $10 within 30 days of opening the account. Probability of customer receiving $1,000 is 0.028%. See full terms and conditions.

SOIN0523097

Source: sofi.com

Apache is functioning normally

The pandemic has led to job losses for many Americans, with 712,000 unemployment filings for the week ending March 6th. If you’re one of those filers, you may receive your payment automatically, but it can still help to know how the process works.

But if you haven’t received your extra unemployment payment yet, it can help to know that it varies by state. Most states have already begun processing unemployment payments, but it still could take some time. If you’re still waiting for your extra unemployment, here’s what you need to know.

What’s Ahead:

The first thing you’ll need to determine is whether you even qualify for a payment. You’ll have to currently be unemployed and receiving benefits to get the $300 payment automatically issued. But if you were unemployed between March 29, 2020, to March 13, 2021, and your benefits ran out, you may still qualify for unemployment compensation through the Pandemic Emergency Unemployment Compensation (PEUC). 

If you haven’t applied for unemployment already, you’ll need to do so as soon as possible to be eligible for the extra payment. You don’t have to be unemployed due to COVID, but you do have to meet your state’s eligibility criteria for unemployment payments. If you qualify for unemployment in your state, you’ll qualify for any extra payments being issued.

Who will get the payment automatically?

If you’re already receiving unemployment benefits, you’ll receive the extra $300 payments automatically through September 6th. This is an extension of the previous $300 extra weekly payments that were set to expire on March 14th. The payments are retroactive to December 27th, so if yours is running late, you’ll still be paid for what you’re missing now. The maximum PEUC you can receive is now 53 weeks, which is more than double the previous limit of 24 weeks.

But there are some people who won’t get those payments automatically. If your unemployment benefits have run out, you’ll need to apply specifically for the PEUC program. If your benefits are on the verge of ending, you’ll have to wait until your benefits are exhausted to apply for PEUC. Once you’ve applied and been approved, you’ll go through the same weekly filing process you went through when you were on unemployment.

What happens if your unemployment ran out months ago and you were relying on PEUC last year? You’ll have to reapply for the PEUC program.

Unemployment relief for the self-employed

What about the many unemployed Americans who work for themselves? The Pandemic Unemployment Assistance (PUA) program is designed to issue $300 weekly payments to the many contract workers that are having a tough time finding work. Those include freelancers, part-time workers, gig workers, and other independent contractors who aren’t usually eligible for unemployment.

If you qualify for PUA, you’ll need to apply through your state’s unemployment office. Be prepared to submit documentation verifying that you’re eligible for assistance. To qualify, you need to be able to demonstrate that you are self-employed. This verification could include documents like tax returns, a business license, or client invoices.

Unemployed workers who combine freelance work with a W-2 job could qualify for an additional $100 each week. If you think you meet the qualifications, contact your state unemployment office for instructions.

Once it’s started, you may wonder how long you can expect the payments to keep coming. The extra $300 was originally scheduled to continue through March 14th. But it’s retroactive to December 27th. The newly-signed bill extends the extra relief through Labor Day of this year

Freelancers who qualify for PUA will also get the extra money a little longer. The American rescue plan also extends PUA benefits through Labor Day. However, the maximum unemployment benefits you can receive as an unemployed freelancer is 79 weeks. If you live in states with high unemployment rates, that may be extended to 86 weeks.

Unless a bill extending the extra unemployment is passed, on the cut-off date, you’ll resume receiving your standard unemployment benefits until your unemployment runs out. Currently, no extra compensation is planned after September 6th.

Do I have to be actively seeking employment?

The usual rules of unemployment still apply. You’ll need to be actively looking for work while receiving unemployment benefits even during COVID. But how you’ll demonstrate this varies from state to state. In some states, you’ll simply sign a statement saying you’re looking for work, while others will require you to provide contact information for the places you’ve applied.

However, there are some COVID exceptions to this general rule. If your business closed or reduced operations due to the pandemic, you might not have to prove that you’re looking for work. But this only applies if your employer has promised to call you back into work when the business resumes normal operations.

How will the payment be issued?

If you’re receiving unemployment compensation, the $300 will be added to your weekly benefits. In many cases, this is by direct deposit, but some recipients get their money via debit card or paper check. If you want to change the way your benefits are paid, you can usually do this through your state unemployment office.

For those who aren’t receiving unemployment compensation, PEUC is typically paid one of two ways: direct deposit or prepaid debit card. The unemployment office will use the last method of compensation to deposit your PEUC funds. If you received your previous payments by debit card, the funds will be deposited to that card unless you request direct deposit when you sign up for PEUC.

One great option for direct deposit is Chime®. Once you have an account, you can direct your unemployment benefits to go directly to that account. Chime will even give you access to your funds as much as two days earlier than what they’d normally be available with direct deposit.3 So if you’re eager to get it, this could be a way to consistently receive those weekly payments a couple of days early.

3 Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

What happens if my work fluctuates?

COVID has complicated things for some workers. With lockdowns and restrictions varying, you may be called back to work, only to be laid off again a few weeks later. But if you’re receiving unemployment benefits, you may need to reach out and let your unemployment office know. In some states, you simply have to stop certifying every week and your benefits will expire.

If you’re called back to work and laid off again, there is some good news when it comes to unemployment benefits. You can pick up your unemployment benefits where you left off. This includes the extra benefits you’re receiving. You’ll continue to get benefits until you’ve exhausted the number of weeks you’re eligible to receive them or you reach the cutoff date.

Summary

Extra unemployment compensation has helped unemployed workers make it through a tough economic time. As things gradually return to normal, hopefully, unemployment claims will drop and there will be no need for a further extension of extra unemployment benefits.

In the meantime, it’s important to check with your state unemployment office to determine what unique requirements apply to your own unemployment claims.

Read more:

Source: moneyunder30.com