Upcoming IPOs for the coming week
Here’s the list of the upcoming IPOs for the coming week.
Here’s the list of the upcoming IPOs for the coming week:
6/11/2021
Janux Therapeutics, Inc. (JANX)
Market: NASDAQ Global
Price: 15.00-17.00
Shares: 9,500,000
Offer Amount: $185,725,000
TaskUs, Inc. (TASK)
Market: NASDAQ Global Select
Price: 22.00-24.00
Shares: 13,200,000
Offer Amount: $364,320,000
Kanzhun Ltd (BZ)
Market: NASDAQ Global Select
Price: 17.00-19.00
Shares: 48,000,000
Offer Amount: $1,048,800,000
6/16/2021
Convey Holding Parent, Inc. (CNVY)
Market: NYSE
Price: 14.00-16.00
Shares: 13,333,334
Offer Amount: $245,333,344
6/17/2021
Angel Oak Mortgage, Inc. (AOMR)
Market: NYSE
Price: 20.00-21.00
Shares: 8,050,000
Offer Amount: $194,407,500
Stay tuned for more upcoming IPOs here!
Top 25 Most Traded Stocks by Investors at Firstrade in May
Get the full list of top favored stocks and ETFs among Firstrade investors in the last month.
Here’s the full list of top favored stocks among Firstrade investors:
Tesla Inc. (TSLA)
Palantir Technologies Inc. (PLTR)
Apple Inc. (AAPL)
Taiwan Semiconductor Mfg. Co. Ltd. (TSM)
AMC Entertainment Holdings Inc. (AMC)
Advanced Micro Devices (AMD)
Coinbase Global Inc. (COIN)
Square Inc. (SQ)
United States Steel Corporation (X)
NVIDIA Corp. (NVDA)
NIO Inc. (NIO)
Marathon Patent Group Inc. (MARA)
Microsoft Corporation (MSFT)
Unity Software Inc. (U)
Teladoc Health Inc. (TDOC)
Grayscale Bitcoin Trust (GBTC)
Quantumscape Corp. (QS)
Freeport-McMoRan Inc. (FCX)
Airbnb Inc. (ABNB)
Alibaba Group Holding Ltd. (BABA)
Walt Disney Co. (DIS)
Carnival Corp. (CCL)
Berkshire Hathaway Inc. Class B (BRKB)
Amazon.com, Inc. (AMZN)
Ocugen Inc. (OCGN)
Invest Smarter with a Diversified Portfolio
When it comes to smart investing, the last thing you want to do is put all of your eggs in one basket. This is because there will be times when certain holdings and positions will give you incredible returns, and other times when the same holdings can present a glum picture of the future. However, there’s an easy way to avoid this downfall: a diversified portfolio!
When it comes to smart investing, the last thing you want to do is put all of your eggs in one basket. This is because there will be times when certain holdings and positions will give you incredible returns, and other times when the same holdings can present a glum picture of the future. However, there’s an easy way to avoid this downfall: a diversified portfolio!
Why You Should Diversify Your Portfolio for Lower-Risk Investing
While it won’t completely eliminate the risk involved in investing, diversifying your portfolio can typically lower your risk when you allocate your investments across a variety of industries that will each have a different reaction and response to similar movements, events, and disasters.
For example: if your portfolio holds stocks in the food industry, your shares are very likely to drop shortly after unfavorable news for the industry. A good, though extreme example, would be what happened to customer-facing industries in March of 2020.
The best way to avoid this altogether is to find a balance by investing in other industries that would be less affected by an event that would harm customer-facing retail or food industries, like delivery or subscription services.
In short, a diversified portfolio can help you reach your long-term financial goals while giving you peace of mind through minimized risk.
How Do I Diversify My Portfolio?
You can never be sure what the market will do next, which makes diversifying your profile that much more important. Today, we’re going to go over some of the best ways you can diversify your portfolio to balance risk.
Stocks and ETFs
Adding stocks to your portfolio can help you build your savings, protect your money from the inevitable up and down the elevator of inflation and taxes, and maximize your overall income from investments.
ETFs are also a great way to diversify your investment portfolio because they offer trading flexibility, an overall lower cost, and typically incur fewer capital gains than Mutual funds, resulting in more tax breaks.
Mutual Funds
Mutual funds pool money together from a group of investors and invest the capital provided into different securities. These might include:
Stocks
Money Market Accounts
Bonds
...and more!
Given the fact that mutual funds offer diversified holdings in an instant, they’re a great investment for individuals who want to quickly and easily avoid putting all of their eggs in one basket and altogether avoid most of the complicated decision-making that trading involves.
Fixed Income Investment
There are a wide variety of fixed-income investments. These often include:
Municipal bonds
Corporate bonds
Government and agency bonds
· Certificates of deposit
Treasury bonds
Fixed income securities, or to be more specific, the high-credit-quality bonds, will help smooth out the rough ups and downs in the market and give you a certain level of security and control over how much money you will receive.
While diversifying with bonds won’t ensure a profit or completely protect against loss when the market is declining rapidly, it can help mitigate the risk.
Start your investing journey carefully
It will be no surprise at all that the key to short-term investment and savings is a diversified portfolio with stocks. This is because stocks, unlike bonds, won’t deliver the results you’ll need for the big purchases and savings in the next ten years. There are also ways to make short-term profits based on stocks, such as options, to generate profits. However, it should be noted that short-term profits usually also mean higher risks. Please be sure to have sufficient trading knowledge before trading.
Investing in mutual funds is another awesome, lower-risk investment opportunity for both short and long-term investing. Learn more about investing in mutual funds here.
To jump start your investing journey carefully, the first step is to get your finances in order. You won’t know how much or how little you can invest without doing this first.
Pick a strategy and stick with it. Don’t buy and sell differently than you have been just because other people are doing it.
Do your research and watch market trends for clues about what the future might hold for your investments. Join Firstrade’s free weekly education events here.
And of course: diversify your portfolio! There’s no better way to protect your investments and experience secure growth than diversifying your portfolio.
Trade Smarter with Firstrade
Are you ready to trade smarter? Firstrade can help. With no minimum deposit requirement, no fees for opening and closing accounts, no commission fees for stocks, options, ETFs, and mutual funds, and $0 contract fees for trading options, Firstrade is worth considering for short and long term trading and investment.
With At Firstrade, you can also consolidate your accounts, as well as manage your own account/s and kids’ account under one roof. We’ll even rebate the transfer fees from your broker when you transfer your brokerage account to Firstrade.
And with over 2300+ ETFs and 18,000+ mutual funds to choose from, diversifying your portfolio will be easier than ever.
Want to trade on the go? Download the Firstrade app today.
The All-in-One Guide to Capital Gains and Taxes
Tax season is stressful, there’s no way around it. Especially for all the individuals who find themselves investing for the first time, unsure about the ways investing can sometimes make taxes a tad more complicated. ⚡
Tax season is stressful, there’s no way around it. Especially for all the individuals who find themselves investing for the first time, unsure about the ways investing can sometimes make taxes a tad more complicated. ⚡
However, by making taxes an integral part of your tax preparedness plan, you’ll be ready to tackle the different aspects of capital gains that can make it crazy.
Let’s get started!
First Off: What is Capital Gains Taxes?
Anytime you sell any sort of investment for a profit, that’s a capital gain. These investments include stocks, mutual funds, options, etc.
Making a profit off of any goods, service or investment means you’ll have to include it as a part of your taxable income for the tax year on your IRS tax return.
Now, there are two different types of capital gains. There are Long-Term Capital Gains and Short-Term Capital Gains.
Long-term capital gains is a term used to describe the profits you made off of investments you held for more than one year. Holding an investment for an extended period of time opens the door to lower tax rates.
Short-term capital gains is a term used to describe the profits you made off of investments you held for less than one year. This is taxed like ordinary income.
How Do I Report My Capital Gains to the IRS? 🤑
Thankfully, federal tax laws require investment companies to disclose the exact profit you made from investments in the prior tax year. If you have a Firstrade account, you should have received your 1099 form via email sometime between last January or late February. To download the document again, login to your Firstrade account and go to Account > E-Documents > Tax .
If you’re using TurboTax software to file your taxes (click here to claim your exclusive Firstrade discount on taxable investment accounts), the program will ask if you’ve received a 1099 and then provide instructions for importing the document.
You can also work with an accountant to help you determine the best methods for avoiding capital gains taxes and penalties.
Second: What are the Best Ways to Minimize Capital Gains Taxes?
Even with the most educated accountant or broker on your side, you’ll still end up having to pay a tax on capital gains. However, there are ways to lessen the blow. 💣
You probably were unaware, but you can actually utilize 401K accounts and IRAs to minimize capital gains taxes.
This is because:
Any investments within a Roth IRA account are tax exempt.
When you make a withdrawal from a Roth IRA account, it isn’t taxed.
Any contributions you make to a 401k or IRA reduce the amount of your taxable income for the year. (Which means you’ll pay less tax TODAY for any capital gain!)
Utilize Tax-Loss Harvesting for Off-Setting Capital Gains ⚖
You won’t always make a return on your investments. And not always because you did anything wrong. It’s the way the game goes. Anytime you have to sell an investment for less than you originally invested into it, you end up with what is commonly referred to as a “capital loss”.
Tax-loss harvesting can help you reduce capital gain taxes. We’ll give you a good example below.
You have an investment account, and most of your investments have made good returns. But one of your stocks has unfortunately fallen by 10% after six months. This means that if you sell at this time, you will only be able to sell at a loss. But the advantage is that you can now use this loss to offset your other capital gains to reduce the overall capital gains tax burden.
If your capital loss exceeds the capital gains, you can also use this capital loss to offset the taxable income of any tax year, up to a maximum of $3,000 per year, which is a way to reduce your income tax burden.
And no, it’s not usually this straightforward, unfortunately. That’s why we recommend hiring a professional to help you sort through your options.
Top 25 Most Traded Stocks by Investors at Firstrade in April
Get the full list of top favored stocks and ETFs among Firstrade investors in the last month.
Here’s the full list of top favored stocks among Firstrade investors:
Tesla Inc. (TSLA)
Taiwan Semiconductor Mfg. Co. Ltd. (TSM)
Apple Inc. (AAPL)
Palantir Technologies Inc. (PLTR)
Coinbase Global Inc. (COIN)
Advanced Micro Devices (AMD)
Marathon Patent Group Inc. (MARA)
NIO Inc. (NIO)
United States Steel Corporation (X)
Quantumscape Corp. (QS)
Square Inc. (SQ)
NVIDIA Corp. (NVDA)
Netflix Inc. (NFLX)
Riot Blockchain Inc. (RIOT)
Microsoft Corporation (MSFT)
Skillz Inc. (SKLZ)
AMC Entertainment Holdings Inc. (AMC)
Grayscale Bitcoin Trust (GBTC)
Carnival Corp. (CCL)
Opendoor Technologies Inc. (OPEN)
GameStop Corp. (GME)
American Airlines Group Inc. (AAL)
Teladoc Health Inc. (TDOC)
Alibaba Group Holding Ltd. (BABA)
Boeing Co. (BA)