| You might remember the 1996 book titled The Millionaire Next Door. In it, Thomas Stanley breaks down the “typical” American millionaire, and he finds they aren’t what you think. They don’t all have Ferraris parked in front. Most are normal people who, by virtue of saving and investing throughout a lifetime, managed to accumulate more than a million dollars in assets. Well, two decades later, there is a millionaire next door. In fact, there seems to be a millionaire on every street. In 2020 alone, 5.2 million people joined the ranks of the world’s millionaires, 1.7 million of whom were in the United States. If you’re not one, I’m sure you’d like to be. Who wouldn’t? Well, I can help you get there. Suggested Stories: Growth vs. Value: No. 1 Stock Trend for the Rest of 2021 Avoid This IPO + Watch Earnings in These Key Sectors
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Earnings Edge
This week’s Earnings Edge features two giants in their respective industries: PepsiCo and BlackRock. Neither is expected to make big moves on their earnings announcements. But they are sitting at key levels on their price charts. Breakouts are great entry points, whether they’re to the upside or downside. Once a major trend breaks, you know exactly how to trade the stock. With PepsiCo and BlackRock on deck this week, let’s take a look at what you can expect. Suggested Stories: Glued to the Robinhood App? Why It Hurts Gains Reader Response: Village Farms Stock Analysis
| Could the technology behind this odd-looking machine really be the most transformative innovation in history? Experts are screaming "YES"! Elon Musk calls it "amazing…" It's a technology I call "Imperium." And it's about to spark the biggest investment mega trend in history… Want the details? | |
Chart of the Day
Commission-free trading is a huge moneymaker for brokers. That’s because they never made much money from commissions in the first place. Getting investors to believe trading is free increases other sources of revenue and is something Robinhood has mastered. The primary source of income for Robinhood is selling your orders to high-frequency trading firms. It realized investors would look at trading as a game if it hid the costs. Now that it’s filed to go public, Robinhood has revealed how profitable its strategy is. The number of accounts at Robinhood more than doubled in 2020 and increased by almost 50% more in the first quarter of 2021. (See chart below.) But “free” trades aren’t so free after all. 
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1933: President Roosevelt established the country's first minimum wage at 40 cents. It was later declared unconstitutional. | |
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